Can I retire at age 51 with 606,000?

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 $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%13.3%
1 years$50,043$49,597$49,162$48,738$48,323$47,660
2 years$24,774$24,312$23,865$23,432$23,011$22,344
3 years$16,352$15,888$15,442$15,013$14,599$13,949
4 years$12,142$11,680$11,238$10,816$10,412$9,784
5 years$9,616$9,157$8,721$8,308$7,915$7,311
6 years$7,933$7,477$7,048$6,644$6,263$5,683
7 years$6,731$6,279$5,857$5,462$5,094$4,538
8 years$5,830$5,383$4,967$4,582$4,226$3,695
9 years$5,130$4,687$4,278$3,903$3,559$3,053
10 years$4,570$4,131$3,730$3,364$3,032$2,550
11 years$4,112$3,678$3,284$2,928$2,608$2,149
12 years$3,731$3,301$2,914$2,568$2,260$1,824
13 years$3,409$2,983$2,604$2,267$1,971$1,558
14 years$3,133$2,711$2,339$2,013$1,727$1,336
15 years$2,894$2,477$2,112$1,795$1,521$1,151
16 years$2,685$2,273$1,915$1,607$1,344$995
17 years$2,501$2,093$1,743$1,444$1,192$862
18 years$2,337$1,934$1,591$1,301$1,060$749
19 years$2,191$1,792$1,456$1,176$945$652
20 years$2,060$1,666$1,336$1,065$844$568
21 years$1,941$1,551$1,229$967$755$497
22 years$1,833$1,448$1,133$879$677$434
23 years$1,735$1,354$1,046$800$608$380
24 years$1,645$1,269$967$730$546$333
25 years$1,562$1,191$896$667$491$292
26 years$1,486$1,119$831$610$443$257
27 years$1,416$1,053$772$558$399$225
28 years$1,351$993$717$511$360$198
29 years$1,290$936$668$469$325$174
30 years$1,234$884$622$430$294$153
31 years$1,181$836$580$395$266$135
32 years$1,132$791$541$363$240$119
33 years$1,085$749$505$334$217$105
34 years$1,042$710$472$307$197$92
35 years$1,001$673$441$283$178$81
36 years$962$639$413$260$162$72
37 years$926$607$386$240$146$63
38 years$892$577$362$221$133$56
39 years$859$549$339$204$120$49
40 years$828$522$318$188$109$43
41 years$799$497$298$174$99$38
42 years$772$473$279$160$90$34
43 years$745$451$262$148$82$30
44 years$720$430$246$137$74$26
45 years$696$410$231$126$67$23
46 years$673$391$217$116$61$20
47 years$651$373$204$108$55$18
48 years$631$356$192$99$50$16
49 years$611$340$180$92$46$14
50 years$592$325$169$85$42$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $606,000, adding $3,065 every year, while hoping to spend $35,498 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: 43/44/13 Blend
50$606,000$606,000$606,000$606,000
51$670,974$638,856$629,463$697,169
52$701,643$632,390$612,780$709,332
53$734,252$624,418$594,349$718,711
54$768,959$614,828$574,073$728,092
55$805,940$603,502$551,852$737,491
56$845,388$590,315$527,581$746,928
57$887,512$575,135$501,150$756,425
58$932,544$557,823$472,444$766,013
59$980,736$538,229$441,343$775,727
60$1,032,365$516,196$407,722$785,609
61$1,087,736$491,559$371,451$795,709
62$1,147,182$464,142$332,391$806,085
63$1,211,069$433,760$290,401$816,807
64$1,279,799$400,215$245,330$827,954
65$1,353,813$363,300$197,023$839,618
66$1,433,596$322,796$145,318$851,906
67$1,519,681$278,471$90,043$864,941
68$1,612,651$230,079$31,023$878,863
69$1,713,151$177,362$0$893,832
70$1,821,885$120,046$0$914,464
71$1,939,632$57,842$0$941,414
72$2,067,244$0$0$970,639
73$2,205,659$0$0$1,007,059
74$2,355,912$0$0$1,077,057
75$2,519,136$0$0$1,153,164
76$2,696,581$0$0$1,235,970
77$2,889,621$0$0$1,326,127
78$3,099,768$0$0$1,424,348
79$3,328,685$0$0$1,531,420
80$3,578,203$0$0$1,648,211
81$3,850,337$0$0$1,775,672
82$4,147,303$0$0$1,914,854
83$4,471,544$0$0$2,066,911
84$4,825,745$0$0$2,233,116
85$5,212,865$0$0$2,414,868
86$5,636,161$0$0$2,613,709
87$6,099,217$0$0$2,831,336
88$6,605,983$0$0$3,069,618
89$7,160,805$0$0$3,330,614
90$7,768,470$0$0$3,616,591
91$8,434,252$0$0$3,930,044
92$9,163,955$0$0$4,273,723
93$9,963,974$0$0$4,650,656
94$10,841,352$0$0$5,064,178
95$11,803,846$0$0$5,517,962
96$12,860,000$0$0$6,016,056
97$14,019,224$0$0$6,562,915
98$15,291,885$0$0$7,163,451
99$16,689,403$0$0$7,823,072
100$18,224,357$0$0$8,547,736