Can I retire at age 51 with 611,000?

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 $611,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$50,456$50,006$49,568$49,140$48,722$48,496
2 years$24,978$24,513$24,062$23,625$23,201$22,973
3 years$16,487$16,019$15,570$15,137$14,720$14,497
4 years$12,242$11,776$11,331$10,905$10,498$10,282
5 years$9,696$9,233$8,793$8,376$7,981$7,772
6 years$7,999$7,539$7,106$6,699$6,315$6,113
7 years$6,787$6,331$5,905$5,507$5,136$4,942
8 years$5,879$5,427$5,008$4,620$4,260$4,074
9 years$5,172$4,725$4,314$3,935$3,588$3,409
10 years$4,608$4,165$3,761$3,392$3,057$2,886
11 years$4,146$3,708$3,311$2,952$2,629$2,466
12 years$3,762$3,328$2,938$2,589$2,278$2,122
13 years$3,437$3,008$2,625$2,286$1,987$1,838
14 years$3,159$2,734$2,359$2,029$1,742$1,600
15 years$2,918$2,497$2,130$1,810$1,533$1,398
16 years$2,707$2,291$1,931$1,620$1,355$1,227
17 years$2,521$2,110$1,757$1,456$1,202$1,080
18 years$2,356$1,950$1,604$1,312$1,068$953
19 years$2,209$1,807$1,468$1,186$952$843
20 years$2,077$1,679$1,347$1,074$851$747
21 years$1,957$1,564$1,239$975$761$663
22 years$1,848$1,460$1,142$886$682$589
23 years$1,749$1,366$1,055$807$613$525
24 years$1,659$1,280$975$736$551$468
25 years$1,575$1,201$903$672$495$417
26 years$1,498$1,129$838$615$446$373
27 years$1,428$1,062$778$563$402$333
28 years$1,362$1,001$723$515$363$298
29 years$1,301$944$673$473$328$267
30 years$1,244$892$627$434$296$239
31 years$1,191$843$585$398$268$214
32 years$1,141$798$545$366$242$192
33 years$1,094$755$509$337$219$172
34 years$1,050$716$476$310$198$155
35 years$1,009$679$445$285$180$139
36 years$970$644$416$263$163$125
37 years$934$612$389$242$148$112
38 years$899$582$365$223$134$100
39 years$866$553$342$206$121$90
40 years$835$526$320$190$110$81
41 years$806$501$300$175$100$73
42 years$778$477$282$162$91$66
43 years$751$455$264$149$82$59
44 years$726$433$248$138$75$53
45 years$702$413$233$127$68$48
46 years$679$394$219$117$62$43
47 years$657$376$206$109$56$39
48 years$636$359$193$100$51$35
49 years$616$343$182$93$46$31
50 years$597$328$171$86$42$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $611,000, adding $4,622 every year, while hoping to spend $38,210 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: 41/30/29 Blend
50$611,000$611,000$611,000$611,000
51$678,090$645,707$636,236$699,952
52$706,600$636,691$616,895$707,208
53$736,737$625,953$595,625$711,155
54$768,627$613,368$572,322$714,707
55$802,408$598,804$546,875$717,850
56$838,229$582,120$519,171$720,573
57$876,253$563,170$489,088$722,870
58$916,661$541,795$456,503$724,733
59$959,648$517,830$421,283$726,160
60$1,005,428$491,100$383,292$727,151
61$1,054,237$461,419$342,387$727,712
62$1,106,331$428,590$298,419$727,853
63$1,161,993$392,407$251,232$727,587
64$1,221,530$352,649$200,662$726,939
65$1,285,283$309,085$146,541$725,936
66$1,353,621$261,470$88,690$724,616
67$1,426,953$209,545$26,924$723,027
68$1,505,726$153,036$0$721,226
69$1,590,430$91,655$0$731,350
70$1,681,604$25,097$0$751,092
71$1,779,840$0$0$772,278
72$1,885,788$0$0$810,596
73$2,000,161$0$0$860,967
74$2,123,743$0$0$915,458
75$2,257,398$0$0$974,456
76$2,402,071$0$0$1,038,390
77$2,558,806$0$0$1,107,728
78$2,728,747$0$0$1,182,986
79$2,913,153$0$0$1,264,733
80$3,113,410$0$0$1,353,591
81$3,331,042$0$0$1,450,248
82$3,567,724$0$0$1,555,460
83$3,825,300$0$0$1,670,058
84$4,105,800$0$0$1,794,958
85$4,411,456$0$0$1,931,165
86$4,744,725$0$0$2,079,789
87$5,108,311$0$0$2,242,050
88$5,505,191$0$0$2,419,289
89$5,938,642$0$0$2,612,987
90$6,412,270$0$0$2,824,770
91$6,930,047$0$0$3,056,431
92$7,496,344$0$0$3,309,942
93$8,115,976$0$0$3,587,477
94$8,794,243$0$0$3,891,428
95$9,536,982$0$0$4,224,429
96$10,350,620$0$0$4,589,383
97$11,242,237$0$0$4,989,486
98$12,219,629$0$0$5,428,256
99$13,291,380$0$0$5,909,572
100$14,466,949$0$0$6,437,701