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%13.1%
1 years$50,125$49,679$49,243$48,818$48,403$47,778
2 years$24,815$24,352$23,905$23,470$23,049$22,421
3 years$16,379$15,915$15,468$15,038$14,623$14,011
4 years$12,162$11,699$11,257$10,834$10,429$9,837
5 years$9,632$9,172$8,736$8,321$7,928$7,358
6 years$7,946$7,490$7,060$6,655$6,273$5,726
7 years$6,742$6,290$5,867$5,471$5,102$4,578
8 years$5,840$5,392$4,975$4,590$4,233$3,732
9 years$5,139$4,694$4,285$3,909$3,564$3,086
10 years$4,578$4,138$3,736$3,370$3,037$2,581
11 years$4,119$3,684$3,289$2,933$2,612$2,178
12 years$3,737$3,306$2,919$2,572$2,263$1,851
13 years$3,414$2,988$2,608$2,271$1,974$1,583
14 years$3,138$2,716$2,343$2,016$1,730$1,360
15 years$2,899$2,481$2,116$1,798$1,523$1,173
16 years$2,689$2,276$1,918$1,610$1,346$1,015
17 years$2,505$2,096$1,745$1,446$1,194$881
18 years$2,341$1,937$1,593$1,304$1,061$766
19 years$2,195$1,795$1,459$1,178$946$668
20 years$2,063$1,668$1,339$1,067$845$583
21 years$1,944$1,554$1,231$968$756$510
22 years$1,836$1,451$1,135$880$678$447
23 years$1,738$1,357$1,048$802$609$392
24 years$1,648$1,271$969$731$547$344
25 years$1,565$1,193$898$668$492$302
26 years$1,489$1,121$832$611$443$266
27 years$1,418$1,055$773$559$400$234
28 years$1,353$994$719$512$361$206
29 years$1,292$938$669$470$326$181
30 years$1,236$886$623$431$294$160
31 years$1,183$837$581$396$266$141
32 years$1,133$792$542$364$241$124
33 years$1,087$750$506$334$218$110
34 years$1,044$711$473$308$197$97
35 years$1,003$675$442$283$179$85
36 years$964$640$413$261$162$75
37 years$928$608$387$240$147$67
38 years$893$578$362$222$133$59
39 years$861$549$339$204$121$52
40 years$830$523$318$188$109$46
41 years$801$498$298$174$99$40
42 years$773$474$280$160$90$36
43 years$746$452$263$148$82$32
44 years$721$430$247$137$74$28
45 years$697$410$231$126$67$25
46 years$674$392$217$117$61$22
47 years$653$374$204$108$56$19
48 years$632$357$192$100$50$17
49 years$612$341$180$92$46$15
50 years$593$325$170$85$42$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $607,000, adding $6,021 every year, while hoping to spend $51,590 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: 84/7/9 Blend
50$607,000$607,000$607,000$607,000
51$675,125$642,954$633,545$730,519
52$689,096$619,567$599,878$744,232
53$702,763$593,305$563,353$751,717
54$716,041$563,973$523,821$758,341
55$728,834$531,364$481,126$763,987
56$741,033$495,260$435,102$768,523
57$752,520$455,429$385,579$771,805
58$763,159$411,627$332,378$773,674
59$772,801$363,596$275,312$773,956
60$781,277$311,063$214,186$772,458
61$788,403$253,740$148,796$768,966
62$793,969$191,323$78,930$763,247
63$797,745$123,489$4,366$755,043
64$799,475$49,899$0$744,070
65$798,872$0$0$737,238
66$795,619$0$0$730,191
67$789,366$0$0$724,205
68$779,722$0$0$715,073
69$766,254$0$0$702,395
70$748,483$0$0$685,726
71$725,878$0$0$664,576
72$697,849$0$0$638,400
73$663,747$0$0$606,593
74$622,850$0$0$568,489
75$574,361$0$0$523,349
76$517,396$0$0$470,356
77$450,982$0$0$408,607
78$374,039$0$0$337,104
79$285,376$0$0$254,742
80$183,674$0$0$160,301
81$67,477$0$0$52,434
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0