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%14.4%
1 years$49,960$49,515$49,081$48,657$48,244$47,366
2 years$24,733$24,272$23,826$23,393$22,973$22,093
3 years$16,325$15,862$15,417$14,988$14,575$13,719
4 years$12,122$11,660$11,220$10,798$10,395$9,569
5 years$9,600$9,142$8,707$8,294$7,902$7,109
6 years$7,920$7,465$7,036$6,633$6,253$5,494
7 years$6,720$6,269$5,847$5,453$5,085$4,360
8 years$5,821$5,374$4,959$4,575$4,219$3,527
9 years$5,122$4,679$4,271$3,896$3,553$2,895
10 years$4,563$4,124$3,724$3,359$3,027$2,402
11 years$4,106$3,672$3,278$2,923$2,603$2,011
12 years$3,725$3,295$2,909$2,564$2,256$1,695
13 years$3,403$2,978$2,599$2,264$1,967$1,436
14 years$3,128$2,707$2,336$2,009$1,725$1,223
15 years$2,889$2,473$2,109$1,792$1,518$1,046
16 years$2,680$2,269$1,912$1,605$1,342$897
17 years$2,497$2,089$1,740$1,442$1,190$771
18 years$2,333$1,931$1,588$1,299$1,058$665
19 years$2,187$1,789$1,454$1,174$943$574
20 years$2,056$1,663$1,334$1,063$842$496
21 years$1,938$1,549$1,227$965$754$430
22 years$1,830$1,446$1,131$877$676$373
23 years$1,732$1,352$1,044$799$607$324
24 years$1,642$1,267$966$729$545$281
25 years$1,560$1,189$895$666$491$245
26 years$1,484$1,117$830$609$442$213
27 years$1,414$1,052$770$557$398$185
28 years$1,348$991$716$510$359$161
29 years$1,288$935$667$468$325$141
30 years$1,232$883$621$430$293$123
31 years$1,179$835$579$394$265$107
32 years$1,130$790$540$363$240$93
33 years$1,083$748$504$333$217$81
34 years$1,040$709$471$307$197$71
35 years$999$672$440$282$178$62
36 years$961$638$412$260$161$54
37 years$925$606$386$240$146$47
38 years$890$576$361$221$133$41
39 years$858$548$338$204$120$36
40 years$827$521$317$188$109$32
41 years$798$496$297$173$99$28
42 years$770$472$279$160$90$24
43 years$744$450$262$148$81$21
44 years$719$429$246$136$74$18
45 years$695$409$231$126$67$16
46 years$672$390$217$116$61$14
47 years$650$372$204$107$55$12
48 years$630$356$191$99$50$11
49 years$610$340$180$92$46$9
50 years$591$324$169$85$41$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $605,000, adding $3,034 every year, while hoping to spend $46,687 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: 41/47/12 Blend
50$605,000$605,000$605,000$605,000
51$669,840$637,775$628,397$694,807
52$688,489$619,351$599,774$694,237
53$707,475$598,460$568,627$688,760
54$726,784$574,931$534,822$681,802
55$746,398$548,584$498,221$673,250
56$766,295$519,229$458,675$662,981
57$786,450$486,664$416,034$650,865
58$806,834$450,677$370,137$636,766
59$827,412$411,041$320,818$620,535
60$848,144$367,519$267,902$602,016
61$868,986$319,859$211,208$581,042
62$889,886$267,795$150,546$557,435
63$910,783$211,046$85,719$531,005
64$931,612$149,315$16,519$501,550
65$952,294$82,289$0$468,854
66$972,744$9,638$0$440,028
67$992,865$0$0$410,220
68$1,012,546$0$0$412,762
69$1,031,664$0$0$419,991
70$1,050,082$0$0$426,859
71$1,067,644$0$0$433,295
72$1,084,176$0$0$439,218
73$1,099,485$0$0$444,540
74$1,113,354$0$0$449,161
75$1,125,542$0$0$452,971
76$1,135,780$0$0$455,846
77$1,143,768$0$0$457,650
78$1,149,174$0$0$458,230
79$1,151,626$0$0$457,417
80$1,150,714$0$0$455,023
81$1,145,979$0$0$450,839
82$1,136,915$0$0$444,635
83$1,122,959$0$0$436,155
84$1,103,487$0$0$425,114
85$1,077,807$0$0$411,197
86$1,045,153$0$0$394,056
87$1,004,678$0$0$373,306
88$955,441$0$0$348,520
89$896,402$0$0$319,226
90$826,412$0$0$284,901
91$744,198$0$0$244,968
92$648,354$0$0$198,788
93$537,323$0$0$145,656
94$409,386$0$0$84,793
95$262,644$0$0$15,336
96$94,996$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0