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%14.9%
1 years$50,291$49,843$49,406$48,979$48,563$47,582
2 years$24,896$24,433$23,983$23,548$23,125$22,141
3 years$16,433$15,967$15,519$15,087$14,671$13,716
4 years$12,202$11,737$11,294$10,869$10,464$9,543
5 years$9,664$9,202$8,764$8,349$7,954$7,071
6 years$7,972$7,514$7,083$6,677$6,294$5,449
7 years$6,765$6,311$5,886$5,489$5,119$4,313
8 years$5,859$5,409$4,992$4,605$4,247$3,479
9 years$5,156$4,710$4,299$3,922$3,576$2,847
10 years$4,593$4,151$3,748$3,381$3,047$2,355
11 years$4,133$3,696$3,300$2,942$2,621$1,965
12 years$3,750$3,317$2,929$2,581$2,271$1,651
13 years$3,426$2,998$2,617$2,279$1,980$1,395
14 years$3,148$2,725$2,351$2,023$1,736$1,184
15 years$2,908$2,489$2,123$1,804$1,528$1,008
16 years$2,698$2,284$1,924$1,615$1,351$862
17 years$2,513$2,103$1,751$1,451$1,198$738
18 years$2,349$1,944$1,599$1,308$1,065$634
19 years$2,202$1,801$1,463$1,182$949$545
20 years$2,070$1,674$1,343$1,070$848$470
21 years$1,951$1,559$1,235$971$759$406
22 years$1,842$1,455$1,139$883$680$350
23 years$1,743$1,361$1,051$804$611$303
24 years$1,653$1,275$972$734$549$262
25 years$1,570$1,197$901$670$494$227
26 years$1,494$1,125$835$613$445$197
27 years$1,423$1,059$776$561$401$171
28 years$1,357$998$721$514$362$148
29 years$1,296$941$671$471$327$129
30 years$1,240$889$625$432$295$112
31 years$1,187$840$583$397$267$97
32 years$1,137$795$544$365$241$84
33 years$1,091$753$508$336$219$73
34 years$1,047$713$474$309$198$64
35 years$1,006$677$443$284$179$55
36 years$967$642$415$262$162$48
37 years$931$610$388$241$147$42
38 years$896$580$364$222$133$36
39 years$864$551$341$205$121$32
40 years$833$525$319$189$110$28
41 years$803$499$299$174$100$24
42 years$775$476$281$161$90$21
43 years$749$453$263$149$82$18
44 years$724$432$247$137$74$16
45 years$700$412$232$127$68$14
46 years$677$393$218$117$61$12
47 years$655$375$205$108$56$10
48 years$634$358$193$100$51$9
49 years$614$342$181$92$46$8
50 years$595$326$170$85$42$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $609,000, adding $4,964 every year, while hoping to spend $40,599 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: 46/28/26 Blend
50$609,000$609,000$609,000$609,000
51$676,238$643,961$634,522$702,090
52$702,018$632,318$612,581$709,194
53$729,066$618,744$588,545$712,554
54$757,469$603,102$562,300$715,402
55$787,322$585,244$533,728$717,713
56$818,726$565,019$502,705$719,459
57$851,793$542,262$469,103$720,615
58$886,645$516,801$432,786$721,155
59$923,411$488,453$393,614$721,054
60$962,238$457,026$351,438$720,290
61$1,003,281$422,315$306,106$718,840
62$1,046,711$384,104$257,457$716,684
63$1,092,716$342,166$205,322$713,806
64$1,141,500$296,258$149,526$710,192
65$1,193,285$246,127$89,888$705,829
66$1,248,316$191,503$26,215$700,713
67$1,306,859$132,102$0$694,841
68$1,369,207$67,623$0$699,796
69$1,435,680$0$0$712,524
70$1,506,627$0$0$726,516
71$1,582,434$0$0$763,771
72$1,663,519$0$0$803,666
73$1,750,345$0$0$846,432
74$1,843,418$0$0$892,325
75$1,943,291$0$0$941,626
76$2,050,575$0$0$994,641
77$2,165,938$0$0$1,051,708
78$2,290,113$0$0$1,113,198
79$2,423,906$0$0$1,179,518
80$2,568,203$0$0$1,251,115
81$2,723,975$0$0$1,328,480
82$2,892,291$0$0$1,412,153
83$3,074,325$0$0$1,502,729
84$3,271,368$0$0$1,600,859
85$3,484,838$0$0$1,707,261
86$3,716,295$0$0$1,822,725
87$3,967,456$0$0$1,948,117
88$4,240,205$0$0$2,084,392
89$4,536,620$0$0$2,232,602
90$4,858,982$0$0$2,393,900
91$5,209,803$0$0$2,569,558
92$5,591,846$0$0$2,760,974
93$6,008,154$0$0$2,969,689
94$6,462,072$0$0$3,197,396
95$6,957,283$0$0$3,445,961
96$7,497,843$0$0$3,717,435
97$8,088,214$0$0$4,014,080
98$8,733,309$0$0$4,338,382
99$9,438,537$0$0$4,693,082
100$10,209,852$0$0$5,081,195