Can I retire at age 51 with 612,000?

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 $612,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$50,538$50,088$49,649$49,220$48,802$47,296
2 years$25,019$24,553$24,101$23,664$23,239$21,735
3 years$16,514$16,046$15,595$15,162$14,744$13,289
4 years$12,262$11,795$11,349$10,923$10,515$9,121
5 years$9,711$9,248$8,808$8,390$7,994$6,663
6 years$8,012$7,551$7,118$6,709$6,325$5,060
7 years$6,798$6,342$5,915$5,516$5,144$3,944
8 years$5,888$5,436$5,016$4,627$4,267$3,132
9 years$5,181$4,733$4,321$3,942$3,594$2,521
10 years$4,615$4,172$3,767$3,398$3,062$2,051
11 years$4,153$3,714$3,316$2,957$2,633$1,682
12 years$3,768$3,333$2,943$2,594$2,282$1,388
13 years$3,443$3,012$2,629$2,290$1,990$1,152
14 years$3,164$2,738$2,363$2,033$1,744$959
15 years$2,922$2,501$2,133$1,813$1,536$802
16 years$2,711$2,295$1,934$1,623$1,357$672
17 years$2,525$2,114$1,760$1,458$1,204$565
18 years$2,360$1,953$1,606$1,314$1,070$475
19 years$2,213$1,810$1,471$1,188$954$401
20 years$2,080$1,682$1,350$1,076$852$338
21 years$1,960$1,567$1,241$976$762$286
22 years$1,851$1,463$1,144$888$683$242
23 years$1,752$1,368$1,056$808$614$205
24 years$1,661$1,282$977$737$551$174
25 years$1,578$1,203$905$673$496$147
26 years$1,501$1,130$839$616$447$125
27 years$1,430$1,064$779$563$403$106
28 years$1,364$1,002$725$516$364$90
29 years$1,303$946$674$473$328$76
30 years$1,246$893$628$434$297$65
31 years$1,193$844$585$399$268$55
32 years$1,143$799$546$367$243$47
33 years$1,096$757$510$337$220$40
34 years$1,052$717$477$310$199$34
35 years$1,011$680$446$286$180$29
36 years$972$645$417$263$163$24
37 years$935$613$390$242$148$21
38 years$901$583$365$223$134$18
39 years$868$554$342$206$122$15
40 years$837$527$321$190$110$13
41 years$807$502$301$175$100$11
42 years$779$478$282$162$91$9
43 years$753$455$265$149$82$8
44 years$727$434$249$138$75$7
45 years$703$414$233$127$68$6
46 years$680$395$219$118$62$5
47 years$658$377$206$109$56$4
48 years$637$360$194$100$51$3
49 years$617$343$182$93$46$3
50 years$598$328$171$86$42$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $612,000, adding $6,861 every year, while hoping to spend $32,461 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: 61/17/22 Blend
50$612,000$612,000$612,000$612,000
51$681,501$649,065$639,579$718,736
52$716,476$646,331$626,467$742,021
53$753,930$642,375$611,827$763,249
54$794,083$637,103$595,575$785,692
55$837,173$630,415$577,621$809,474
56$883,465$622,205$557,871$834,730
57$933,247$612,362$536,228$861,614
58$986,836$600,765$512,589$890,294
59$1,044,580$587,290$486,849$920,958
60$1,106,863$571,803$458,894$953,813
61$1,174,104$554,163$428,608$989,091
62$1,246,766$534,220$395,869$1,027,047
63$1,325,356$511,816$360,550$1,067,966
64$1,410,431$486,784$322,518$1,112,164
65$1,502,606$458,947$281,633$1,159,988
66$1,602,554$428,118$237,750$1,211,827
67$1,711,018$394,099$190,718$1,268,109
68$1,828,812$356,681$140,378$1,329,309
69$1,956,835$315,642$86,564$1,395,953
70$2,096,072$270,748$29,104$1,468,625
71$2,247,611$221,754$0$1,547,968
72$2,412,645$168,398$0$1,642,260
73$2,592,489$110,404$0$1,752,511
74$2,788,591$47,482$0$1,872,802
75$3,002,543$0$0$2,004,149
76$3,236,098$0$0$2,151,539
77$3,491,185$0$0$2,322,263
78$3,769,929$0$0$2,508,866
79$4,074,668$0$0$2,712,918
80$4,407,977$0$0$2,936,151
81$4,772,690$0$0$3,180,469
82$5,171,930$0$0$3,447,970
83$5,609,134$0$0$3,740,963
84$6,088,087$0$0$4,061,992
85$6,612,958$0$0$4,413,859
86$7,188,339$0$0$4,799,649
87$7,819,285$0$0$5,222,760
88$8,511,367$0$0$5,686,935
89$9,270,718$0$0$6,196,297
90$10,104,095$0$0$6,755,386
91$11,018,942$0$0$7,369,206
92$12,023,456$0$0$8,043,265
93$13,126,669$0$0$8,783,634
94$14,338,529$0$0$9,596,999
95$15,669,997$0$0$10,490,726
96$17,133,146$0$0$11,472,931
97$18,741,278$0$0$12,552,553
98$20,509,047$0$0$13,739,443
99$22,452,596$0$0$15,044,451
100$24,589,715$0$0$16,479,532