Can I retire at age 51 with 610,000?

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 $610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$50,373$49,925$49,487$49,059$48,642$47,505
2 years$24,937$24,473$24,023$23,586$23,163$22,024
3 years$16,460$15,993$15,544$15,112$14,696$13,590
4 years$12,222$11,757$11,312$10,887$10,481$9,417
5 years$9,680$9,217$8,779$8,363$7,967$6,949
6 years$7,985$7,527$7,095$6,688$6,304$5,332
7 years$6,776$6,321$5,896$5,498$5,127$4,201
8 years$5,869$5,418$5,000$4,612$4,253$3,373
9 years$5,164$4,718$4,306$3,929$3,582$2,747
10 years$4,600$4,158$3,754$3,387$3,052$2,261
11 years$4,140$3,702$3,305$2,947$2,625$1,877
12 years$3,756$3,323$2,933$2,585$2,275$1,569
13 years$3,431$3,003$2,621$2,282$1,984$1,318
14 years$3,153$2,729$2,355$2,026$1,739$1,113
15 years$2,913$2,493$2,126$1,807$1,531$943
16 years$2,703$2,288$1,928$1,618$1,353$801
17 years$2,517$2,107$1,754$1,454$1,200$682
18 years$2,353$1,947$1,601$1,310$1,067$583
19 years$2,205$1,804$1,466$1,184$951$498
20 years$2,073$1,677$1,345$1,072$849$427
21 years$1,954$1,562$1,237$973$760$366
22 years$1,845$1,458$1,140$885$681$314
23 years$1,746$1,363$1,053$806$612$270
24 years$1,656$1,277$974$735$550$232
25 years$1,573$1,199$902$671$495$200
26 years$1,496$1,127$837$614$446$172
27 years$1,425$1,060$777$562$402$148
28 years$1,360$999$722$515$362$128
29 years$1,299$943$672$472$327$110
30 years$1,242$890$626$433$296$95
31 years$1,189$841$584$398$267$82
32 years$1,139$796$544$366$242$71
33 years$1,092$754$508$336$219$61
34 years$1,049$715$475$309$198$53
35 years$1,008$678$444$285$179$46
36 years$969$643$415$262$163$39
37 years$932$611$389$242$147$34
38 years$898$581$364$223$134$29
39 years$865$552$341$205$121$25
40 years$834$525$320$189$110$22
41 years$805$500$300$175$100$19
42 years$777$476$281$161$90$16
43 years$750$454$264$149$82$14
44 years$725$433$248$137$75$12
45 years$701$412$233$127$68$11
46 years$678$394$218$117$61$9
47 years$656$376$205$108$56$8
48 years$635$358$193$100$51$7
49 years$615$342$181$93$46$6
50 years$596$327$170$86$42$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $610,000, adding $3,511 every year, while hoping to spend $45,421 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: 69/10/21 Blend
50$610,000$610,000$610,000$610,000
51$675,842$643,512$634,057$718,715
52$696,450$626,716$606,970$731,021
53$717,638$607,575$577,453$738,843
54$739,417$585,926$545,378$746,300
55$761,797$561,597$510,608$753,353
56$784,790$534,404$473,003$759,959
57$808,404$504,156$432,414$766,075
58$832,650$470,648$388,689$771,652
59$857,535$433,664$341,664$776,639
60$883,067$392,977$291,173$780,983
61$909,252$348,345$237,040$784,623
62$936,095$299,514$179,080$787,498
63$963,600$246,214$117,103$789,541
64$991,770$188,161$50,909$790,681
65$1,020,605$125,054$0$790,841
66$1,050,102$56,578$0$794,361
67$1,080,258$0$0$809,192
68$1,111,066$0$0$825,811
69$1,142,515$0$0$849,126
70$1,174,594$0$0$872,900
71$1,207,284$0$0$897,119
72$1,240,564$0$0$921,767
73$1,274,408$0$0$946,823
74$1,308,785$0$0$972,263
75$1,343,655$0$0$998,056
76$1,378,976$0$0$1,024,169
77$1,414,696$0$0$1,050,561
78$1,450,753$0$0$1,077,187
79$1,487,078$0$0$1,103,991
80$1,523,592$0$0$1,130,912
81$1,560,202$0$0$1,157,880
82$1,596,804$0$0$1,184,815
83$1,633,280$0$0$1,211,626
84$1,669,494$0$0$1,238,208
85$1,705,296$0$0$1,264,447
86$1,740,513$0$0$1,290,210
87$1,774,952$0$0$1,315,350
88$1,808,397$0$0$1,339,701
89$1,840,603$0$0$1,363,076
90$1,871,299$0$0$1,385,267
91$1,900,179$0$0$1,406,042
92$1,926,902$0$0$1,425,138
93$1,951,087$0$0$1,442,267
94$1,972,310$0$0$1,457,103
95$1,990,097$0$0$1,469,286
96$2,003,922$0$0$1,478,414
97$2,013,198$0$0$1,484,040
98$2,017,274$0$0$1,485,666
99$2,015,425$0$0$1,482,741
100$2,006,848$0$0$1,474,653