Can I retire at age 51 with 607,000?

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 $607,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$50,125$49,679$49,243$48,818$48,403$47,699
2 years$24,815$24,352$23,905$23,470$23,049$22,342
3 years$16,379$15,915$15,468$15,038$14,623$13,934
4 years$12,162$11,699$11,257$10,834$10,429$9,764
5 years$9,632$9,172$8,736$8,321$7,928$7,288
6 years$7,946$7,490$7,060$6,655$6,273$5,659
7 years$6,742$6,290$5,867$5,471$5,102$4,514
8 years$5,840$5,392$4,975$4,590$4,233$3,671
9 years$5,139$4,694$4,285$3,909$3,564$3,029
10 years$4,578$4,138$3,736$3,370$3,037$2,527
11 years$4,119$3,684$3,289$2,933$2,612$2,128
12 years$3,737$3,306$2,919$2,572$2,263$1,804
13 years$3,414$2,988$2,608$2,271$1,974$1,538
14 years$3,138$2,716$2,343$2,016$1,730$1,317
15 years$2,899$2,481$2,116$1,798$1,523$1,133
16 years$2,689$2,276$1,918$1,610$1,346$978
17 years$2,505$2,096$1,745$1,446$1,194$846
18 years$2,341$1,937$1,593$1,304$1,061$734
19 years$2,195$1,795$1,459$1,178$946$638
20 years$2,063$1,668$1,339$1,067$845$556
21 years$1,944$1,554$1,231$968$756$485
22 years$1,836$1,451$1,135$880$678$423
23 years$1,738$1,357$1,048$802$609$370
24 years$1,648$1,271$969$731$547$324
25 years$1,565$1,193$898$668$492$284
26 years$1,489$1,121$832$611$443$249
27 years$1,418$1,055$773$559$400$218
28 years$1,353$994$719$512$361$191
29 years$1,292$938$669$470$326$168
30 years$1,236$886$623$431$294$148
31 years$1,183$837$581$396$266$130
32 years$1,133$792$542$364$241$114
33 years$1,087$750$506$334$218$100
34 years$1,044$711$473$308$197$88
35 years$1,003$675$442$283$179$77
36 years$964$640$413$261$162$68
37 years$928$608$387$240$147$60
38 years$893$578$362$222$133$53
39 years$861$549$339$204$121$46
40 years$830$523$318$188$109$41
41 years$801$498$298$174$99$36
42 years$773$474$280$160$90$32
43 years$746$452$263$148$82$28
44 years$721$430$247$137$74$25
45 years$697$410$231$126$67$22
46 years$674$392$217$117$61$19
47 years$653$374$204$108$56$17
48 years$632$357$192$100$50$15
49 years$612$341$180$92$46$13
50 years$593$325$170$85$42$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $607,000, adding $6,773 every year, while hoping to spend $28,119 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: 65/10/25 Blend
50$607,000$607,000$607,000$607,000
51$675,900$643,729$634,321$715,011
52$714,924$645,354$625,652$743,831
53$756,985$646,115$615,751$771,556
54$802,365$645,942$604,545$801,226
55$851,370$644,757$591,962$833,033
56$904,340$642,480$577,923$867,191
57$961,646$639,025$562,346$903,937
58$1,023,696$634,300$545,147$943,532
59$1,090,941$628,208$526,237$986,264
60$1,163,873$620,647$505,523$1,032,454
61$1,243,037$611,507$482,906$1,082,453
62$1,329,029$600,674$458,286$1,136,651
63$1,422,508$588,024$431,557$1,195,478
64$1,524,196$573,430$402,606$1,259,412
65$1,634,888$556,752$371,318$1,328,976
66$1,755,461$537,847$337,571$1,404,752
67$1,886,878$516,561$301,239$1,487,382
68$2,030,198$492,732$262,190$1,577,572
69$2,186,589$466,186$220,284$1,676,106
70$2,357,335$436,744$175,378$1,783,848
71$2,543,851$404,211$127,320$1,901,750
72$2,747,692$368,386$75,953$2,030,867
73$2,970,572$329,052$21,113$2,172,360
74$3,214,379$285,984$0$2,327,514
75$3,481,189$238,941$0$2,507,724
76$3,773,291$187,670$0$2,711,234
77$4,093,203$131,902$0$2,934,182
78$4,443,700$71,355$0$3,178,526
79$4,827,836$5,731$0$3,446,422
80$5,248,978$0$0$3,740,246
81$5,710,830$0$0$4,069,803
82$6,217,474$0$0$4,432,055
83$6,773,406$0$0$4,829,591
84$7,383,579$0$0$5,265,959
85$8,053,447$0$0$5,745,064
86$8,789,018$0$0$6,271,209
87$9,596,913$0$0$6,849,137
88$10,484,422$0$0$7,484,068
89$11,459,579$0$0$8,181,757
90$12,531,233$0$0$8,948,540
91$13,709,133$0$0$9,791,401
92$15,004,020$0$0$10,718,032
93$16,427,727$0$0$11,736,909
94$17,993,291$0$0$12,857,369
95$19,715,076$0$0$14,089,700
96$21,608,906$0$0$15,445,236
97$23,692,218$0$0$16,936,466
98$25,984,223$0$0$18,577,149
99$28,506,087$0$0$20,382,447
100$31,281,133$0$0$22,369,064