Can I retire at age 51 with 609,000?

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 $609,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$50,291$49,843$49,406$48,979$48,563$47,916
2 years$24,896$24,433$23,983$23,548$23,125$22,475
3 years$16,433$15,967$15,519$15,087$14,671$14,038
4 years$12,202$11,737$11,294$10,869$10,464$9,851
5 years$9,664$9,202$8,764$8,349$7,954$7,365
6 years$7,972$7,514$7,083$6,677$6,294$5,728
7 years$6,765$6,311$5,886$5,489$5,119$4,577
8 years$5,859$5,409$4,992$4,605$4,247$3,729
9 years$5,156$4,710$4,299$3,922$3,576$3,082
10 years$4,593$4,151$3,748$3,381$3,047$2,576
11 years$4,133$3,696$3,300$2,942$2,621$2,173
12 years$3,750$3,317$2,929$2,581$2,271$1,845
13 years$3,426$2,998$2,617$2,279$1,980$1,577
14 years$3,148$2,725$2,351$2,023$1,736$1,353
15 years$2,908$2,489$2,123$1,804$1,528$1,166
16 years$2,698$2,284$1,924$1,615$1,351$1,009
17 years$2,513$2,103$1,751$1,451$1,198$875
18 years$2,349$1,944$1,599$1,308$1,065$761
19 years$2,202$1,801$1,463$1,182$949$663
20 years$2,070$1,674$1,343$1,070$848$578
21 years$1,951$1,559$1,235$971$759$505
22 years$1,842$1,455$1,139$883$680$442
23 years$1,743$1,361$1,051$804$611$388
24 years$1,653$1,275$972$734$549$340
25 years$1,570$1,197$901$670$494$298
26 years$1,494$1,125$835$613$445$262
27 years$1,423$1,059$776$561$401$231
28 years$1,357$998$721$514$362$203
29 years$1,296$941$671$471$327$178
30 years$1,240$889$625$432$295$157
31 years$1,187$840$583$397$267$138
32 years$1,137$795$544$365$241$122
33 years$1,091$753$508$336$219$108
34 years$1,047$713$474$309$198$95
35 years$1,006$677$443$284$179$84
36 years$967$642$415$262$162$74
37 years$931$610$388$241$147$65
38 years$896$580$364$222$133$57
39 years$864$551$341$205$121$51
40 years$833$525$319$189$110$45
41 years$803$499$299$174$100$39
42 years$775$476$281$161$90$35
43 years$749$453$263$149$82$31
44 years$724$432$247$137$74$27
45 years$700$412$232$127$68$24
46 years$677$393$218$117$61$21
47 years$655$375$205$108$56$19
48 years$634$358$193$100$51$17
49 years$614$342$181$92$46$15
50 years$595$326$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 $609,000, adding $6,603 every year, while hoping to spend $46,366 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: 36/34/30 Blend
50$609,000$609,000$609,000$609,000
51$677,929$645,652$636,212$696,052
52$697,745$627,956$608,193$692,475
53$718,028$607,839$577,680$683,985
54$738,776$585,133$544,542$673,946
55$759,988$559,661$508,641$662,250
56$781,658$531,235$469,831$648,783
57$803,779$499,658$427,963$633,427
58$826,342$464,718$382,877$616,053
59$849,334$426,194$334,408$596,525
60$872,740$383,853$282,385$574,702
61$896,543$337,444$226,628$550,432
62$920,719$286,708$166,949$523,554
63$945,242$231,366$103,151$493,899
64$970,080$171,127$35,031$461,285
65$995,197$105,681$0$425,524
66$1,020,551$34,703$0$398,468
67$1,046,091$0$0$380,598
68$1,071,763$0$0$376,306
69$1,097,500$0$0$384,977
70$1,123,230$0$0$393,596
71$1,148,868$0$0$402,129
72$1,174,320$0$0$410,536
73$1,199,479$0$0$418,774
74$1,224,223$0$0$426,792
75$1,248,417$0$0$434,536
76$1,271,907$0$0$441,941
77$1,294,522$0$0$448,940
78$1,316,070$0$0$455,452
79$1,336,334$0$0$461,392
80$1,355,076$0$0$466,661
81$1,372,026$0$0$471,152
82$1,386,885$0$0$474,742
83$1,399,319$0$0$477,298
84$1,408,957$0$0$478,669
85$1,415,386$0$0$478,691
86$1,418,145$0$0$477,177
87$1,416,726$0$0$473,922
88$1,410,561$0$0$468,701
89$1,399,021$0$0$461,259
90$1,381,408$0$0$451,318
91$1,356,949$0$0$438,569
92$1,324,786$0$0$422,666
93$1,283,969$0$0$403,232
94$1,233,446$0$0$379,845
95$1,172,054$0$0$352,041
96$1,098,503$0$0$319,304
97$1,011,366$0$0$281,066
98$909,068$0$0$236,697
99$789,863$0$0$185,501
100$651,823$0$0$126,711