Can I retire at age 51 with 605,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $605,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$49,960$49,515$49,081$48,657$48,244$46,906
2 years$24,733$24,272$23,826$23,393$22,973$21,636
3 years$16,325$15,862$15,417$14,988$14,575$13,279
4 years$12,122$11,660$11,220$10,798$10,395$9,151
5 years$9,600$9,142$8,707$8,294$7,902$6,714
6 years$7,920$7,465$7,036$6,633$6,253$5,120
7 years$6,720$6,269$5,847$5,453$5,085$4,009
8 years$5,821$5,374$4,959$4,575$4,219$3,199
9 years$5,122$4,679$4,271$3,896$3,553$2,587
10 years$4,563$4,124$3,724$3,359$3,027$2,115
11 years$4,106$3,672$3,278$2,923$2,603$1,744
12 years$3,725$3,295$2,909$2,564$2,256$1,447
13 years$3,403$2,978$2,599$2,264$1,967$1,207
14 years$3,128$2,707$2,336$2,009$1,725$1,011
15 years$2,889$2,473$2,109$1,792$1,518$850
16 years$2,680$2,269$1,912$1,605$1,342$717
17 years$2,497$2,089$1,740$1,442$1,190$606
18 years$2,333$1,931$1,588$1,299$1,058$513
19 years$2,187$1,789$1,454$1,174$943$435
20 years$2,056$1,663$1,334$1,063$842$369
21 years$1,938$1,549$1,227$965$754$314
22 years$1,830$1,446$1,131$877$676$267
23 years$1,732$1,352$1,044$799$607$228
24 years$1,642$1,267$966$729$545$194
25 years$1,560$1,189$895$666$491$166
26 years$1,484$1,117$830$609$442$141
27 years$1,414$1,052$770$557$398$121
28 years$1,348$991$716$510$359$103
29 years$1,288$935$667$468$325$88
30 years$1,232$883$621$430$293$75
31 years$1,179$835$579$394$265$64
32 years$1,130$790$540$363$240$55
33 years$1,083$748$504$333$217$47
34 years$1,040$709$471$307$197$40
35 years$999$672$440$282$178$35
36 years$961$638$412$260$161$30
37 years$925$606$386$240$146$25
38 years$890$576$361$221$133$22
39 years$858$548$338$204$120$19
40 years$827$521$317$188$109$16
41 years$798$496$297$173$99$14
42 years$770$472$279$160$90$12
43 years$744$450$262$148$81$10
44 years$719$429$246$136$74$9
45 years$695$409$231$126$67$7
46 years$672$390$217$116$61$6
47 years$650$372$204$107$55$5
48 years$630$356$191$99$50$5
49 years$610$340$180$92$46$4
50 years$591$324$169$85$41$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $605,000, adding $4,033 every year, while hoping to spend $37,907 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 42/28/30 Blend
50$605,000$605,000$605,000$605,000
51$670,870$638,805$629,428$693,012
52$698,966$629,774$610,181$700,360
53$728,657$619,029$589,018$704,469
54$760,067$606,448$565,837$708,211
55$793,328$591,899$540,527$711,575
56$828,587$575,242$512,975$714,553
57$866,005$556,330$483,061$717,138
58$905,756$535,009$450,662$719,327
59$948,031$511,112$415,647$721,120
60$993,040$484,466$377,880$722,521
61$1,041,011$454,886$337,221$723,537
62$1,092,195$422,177$293,519$724,183
63$1,146,868$386,133$246,621$724,475
64$1,205,331$346,535$196,365$724,441
65$1,267,914$303,154$142,582$724,112
66$1,334,978$255,746$85,096$723,531
67$1,406,922$204,054$23,723$722,748
68$1,484,181$147,806$0$721,827
69$1,567,234$86,715$0$734,213
70$1,656,606$20,477$0$755,599
71$1,752,873$0$0$778,554
72$1,856,670$0$0$819,056
73$1,968,691$0$0$869,635
74$2,089,701$0$0$924,334
75$2,220,541$0$0$983,542
76$2,362,134$0$0$1,047,684
77$2,515,495$0$0$1,117,229
78$2,681,740$0$0$1,192,692
79$2,862,097$0$0$1,274,640
80$3,057,914$0$0$1,363,695
81$3,270,678$0$0$1,460,544
82$3,502,020$0$0$1,565,941
83$3,753,738$0$0$1,680,716
84$4,027,808$0$0$1,805,782
85$4,326,406$0$0$1,942,144
86$4,651,925$0$0$2,090,908
87$5,007,000$0$0$2,253,292
88$5,394,531$0$0$2,430,636
89$5,817,711$0$0$2,624,416
90$6,280,051$0$0$2,836,256
91$6,785,423$0$0$3,067,944
92$7,338,083$0$0$3,321,450
93$7,942,722$0$0$3,598,941
94$8,604,503$0$0$3,902,806
95$9,329,111$0$0$4,235,673
96$10,122,809$0$0$4,600,439
97$10,992,491$0$0$5,000,291
98$11,945,751$0$0$5,438,742
99$12,990,952$0$0$5,919,661
100$14,137,306$0$0$6,447,308