Can I retire at age 51 with 609,000?

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 $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%19.6%
1 years$50,291$49,843$49,406$48,979$48,563$46,691
2 years$24,896$24,433$23,983$23,548$23,125$21,262
3 years$16,433$15,967$15,519$15,087$14,671$12,875
4 years$12,202$11,737$11,294$10,869$10,464$8,748
5 years$9,664$9,202$8,764$8,349$7,954$6,324
6 years$7,972$7,514$7,083$6,677$6,294$4,750
7 years$6,765$6,311$5,886$5,489$5,119$3,660
8 years$5,859$5,409$4,992$4,605$4,247$2,872
9 years$5,156$4,710$4,299$3,922$3,576$2,284
10 years$4,593$4,151$3,748$3,381$3,047$1,835
11 years$4,133$3,696$3,300$2,942$2,621$1,485
12 years$3,750$3,317$2,929$2,581$2,271$1,210
13 years$3,426$2,998$2,617$2,279$1,980$990
14 years$3,148$2,725$2,351$2,023$1,736$813
15 years$2,908$2,489$2,123$1,804$1,528$670
16 years$2,698$2,284$1,924$1,615$1,351$554
17 years$2,513$2,103$1,751$1,451$1,198$458
18 years$2,349$1,944$1,599$1,308$1,065$380
19 years$2,202$1,801$1,463$1,182$949$316
20 years$2,070$1,674$1,343$1,070$848$263
21 years$1,951$1,559$1,235$971$759$218
22 years$1,842$1,455$1,139$883$680$182
23 years$1,743$1,361$1,051$804$611$152
24 years$1,653$1,275$972$734$549$126
25 years$1,570$1,197$901$670$494$105
26 years$1,494$1,125$835$613$445$88
27 years$1,423$1,059$776$561$401$73
28 years$1,357$998$721$514$362$61
29 years$1,296$941$671$471$327$51
30 years$1,240$889$625$432$295$43
31 years$1,187$840$583$397$267$36
32 years$1,137$795$544$365$241$30
33 years$1,091$753$508$336$219$25
34 years$1,047$713$474$309$198$21
35 years$1,006$677$443$284$179$17
36 years$967$642$415$262$162$15
37 years$931$610$388$241$147$12
38 years$896$580$364$222$133$10
39 years$864$551$341$205$121$9
40 years$833$525$319$189$110$7
41 years$803$499$299$174$100$6
42 years$775$476$281$161$90$5
43 years$749$453$263$149$82$4
44 years$724$432$247$137$74$3
45 years$700$412$232$127$68$3
46 years$677$393$218$117$61$2
47 years$655$375$205$108$56$2
48 years$634$358$193$100$51$2
49 years$614$342$181$92$46$1
50 years$595$326$170$85$42$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $609,000, adding $4,464 every year, while hoping to spend $31,899 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: 75/19/6 Blend
50$609,000$609,000$609,000$609,000
51$675,723$643,446$634,006$725,640
52$710,706$641,034$621,305$756,671
53$748,189$637,435$607,109$786,147
54$788,392$632,558$591,335$817,521
55$831,558$626,303$573,895$850,970
56$877,954$618,569$554,698$886,687
57$927,872$609,245$533,647$924,887
58$981,633$598,216$510,642$965,805
59$1,039,589$585,359$485,579$1,009,703
60$1,102,130$570,544$458,348$1,056,867
61$1,169,679$553,632$428,834$1,107,616
62$1,242,704$534,479$396,918$1,162,299
63$1,321,721$512,929$362,476$1,221,304
64$1,407,293$488,819$325,376$1,285,055
65$1,500,042$461,977$285,481$1,354,025
66$1,600,652$432,220$242,650$1,428,733
67$1,709,874$399,353$196,734$1,509,752
68$1,828,534$363,175$147,578$1,597,715
69$1,957,541$323,467$95,018$1,693,320
70$2,097,896$280,002$38,887$1,797,338
71$2,250,698$232,539$0$1,910,621
72$2,417,159$180,823$0$2,035,451
73$2,598,611$124,585$0$2,174,263
74$2,796,520$63,541$0$2,325,722
75$3,012,501$0$0$2,491,100
76$3,248,331$0$0$2,672,350
77$3,505,964$0$0$2,884,893
78$3,787,555$0$0$3,117,225
79$4,095,473$0$0$3,371,304
80$4,432,329$0$0$3,649,286
81$4,800,996$0$0$3,953,548
82$5,204,639$0$0$4,286,703
83$5,646,743$0$0$4,651,632
84$6,131,146$0$0$5,051,505
85$6,662,073$0$0$5,489,816
86$7,244,180$0$0$5,970,411
87$7,882,592$0$0$6,497,527
88$8,582,958$0$0$7,075,830
89$9,351,495$0$0$7,710,459
90$10,195,055$0$0$8,407,077
91$11,121,184$0$0$9,171,920
92$12,138,194$0$0$10,011,857
93$13,255,243$0$0$10,934,456
94$14,482,417$0$0$11,948,055
95$15,830,831$0$0$13,061,836
96$17,312,725$0$0$14,285,918
97$18,941,589$0$0$15,631,447
98$20,732,279$0$0$17,110,704
99$22,701,168$0$0$18,737,218
100$24,866,290$0$0$20,525,895