Can I retire at age 51 with 606,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $606,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$50,043$49,597$49,162$48,738$48,323$46,553
2 years$24,774$24,312$23,865$23,432$23,011$21,247
3 years$16,352$15,888$15,442$15,013$14,599$12,897
4 years$12,142$11,680$11,238$10,816$10,412$8,785
5 years$9,616$9,157$8,721$8,308$7,915$6,368
6 years$7,933$7,477$7,048$6,644$6,263$4,796
7 years$6,731$6,279$5,857$5,462$5,094$3,706
8 years$5,830$5,383$4,967$4,582$4,226$2,917
9 years$5,130$4,687$4,278$3,903$3,559$2,327
10 years$4,570$4,131$3,730$3,364$3,032$1,875
11 years$4,112$3,678$3,284$2,928$2,608$1,523
12 years$3,731$3,301$2,914$2,568$2,260$1,244
13 years$3,409$2,983$2,604$2,267$1,971$1,022
14 years$3,133$2,711$2,339$2,013$1,727$842
15 years$2,894$2,477$2,112$1,795$1,521$697
16 years$2,685$2,273$1,915$1,607$1,344$578
17 years$2,501$2,093$1,743$1,444$1,192$480
18 years$2,337$1,934$1,591$1,301$1,060$400
19 years$2,191$1,792$1,456$1,176$945$333
20 years$2,060$1,666$1,336$1,065$844$278
21 years$1,941$1,551$1,229$967$755$232
22 years$1,833$1,448$1,133$879$677$194
23 years$1,735$1,354$1,046$800$608$163
24 years$1,645$1,269$967$730$546$136
25 years$1,562$1,191$896$667$491$114
26 years$1,486$1,119$831$610$443$95
27 years$1,416$1,053$772$558$399$80
28 years$1,351$993$717$511$360$67
29 years$1,290$936$668$469$325$56
30 years$1,234$884$622$430$294$47
31 years$1,181$836$580$395$266$40
32 years$1,132$791$541$363$240$33
33 years$1,085$749$505$334$217$28
34 years$1,042$710$472$307$197$23
35 years$1,001$673$441$283$178$20
36 years$962$639$413$260$162$16
37 years$926$607$386$240$146$14
38 years$892$577$362$221$133$12
39 years$859$549$339$204$120$10
40 years$828$522$318$188$109$8
41 years$799$497$298$174$99$7
42 years$772$473$279$160$90$6
43 years$745$451$262$148$82$5
44 years$720$430$246$137$74$4
45 years$696$410$231$126$67$3
46 years$673$391$217$116$61$3
47 years$651$373$204$108$55$2
48 years$631$356$192$99$50$2
49 years$611$340$180$92$46$2
50 years$592$325$169$85$42$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $606,000, adding $3,628 every year, while hoping to spend $26,791 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: 68/17/15 Blend
50$606,000$606,000$606,000$606,000
51$671,554$639,436$630,043$714,630
52$711,547$642,263$622,644$746,623
53$754,722$644,331$614,100$778,095
54$801,374$645,573$604,342$811,840
55$851,829$645,922$593,303$848,078
56$906,445$645,301$580,908$887,055
57$965,616$643,634$567,082$929,038
58$1,029,773$640,837$551,743$974,325
59$1,099,393$636,821$534,810$1,023,244
60$1,174,999$631,492$516,193$1,076,156
61$1,257,165$624,752$495,802$1,133,460
62$1,346,525$616,495$473,541$1,195,598
63$1,443,776$606,608$449,310$1,263,055
64$1,549,683$594,974$423,004$1,336,370
65$1,665,090$581,467$394,514$1,416,133
66$1,790,925$565,954$363,726$1,503,001
67$1,928,209$548,295$330,520$1,597,694
68$2,078,066$528,342$294,772$1,701,008
69$2,241,733$505,935$256,352$1,813,824
70$2,420,574$480,909$215,123$1,937,112
71$2,616,086$453,088$170,944$2,071,941
72$2,829,923$422,285$123,666$2,219,493
73$3,063,901$388,303$73,135$2,381,071
74$3,320,022$350,933$19,188$2,558,113
75$3,600,492$309,956$0$2,752,207
76$3,907,737$265,139$0$2,971,245
77$4,244,431$216,236$0$3,214,692
78$4,613,518$162,986$0$3,481,634
79$5,018,240$105,116$0$3,774,452
80$5,462,170$42,336$0$4,095,769
81$5,949,241$0$0$4,448,480
82$6,483,786$0$0$4,840,574
83$7,070,577$0$0$5,279,722
84$7,714,873$0$0$5,761,943
85$8,422,465$0$0$6,291,576
86$9,199,732$0$0$6,873,403
87$10,053,704$0$0$7,512,689
88$10,992,121$0$0$8,215,235
89$12,023,515$0$0$8,987,433
90$13,157,282$0$0$9,836,324
91$14,403,775$0$0$10,769,665
92$15,774,401$0$0$11,796,003
93$17,281,727$0$0$12,924,754
94$18,939,597$0$0$14,166,293
95$20,763,266$0$0$15,532,050
96$22,769,543$0$0$17,034,619
97$24,976,945$0$0$18,687,877
98$27,405,876$0$0$20,507,112
99$30,078,819$0$0$22,509,172
100$33,020,545$0$0$24,712,616