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%13.6%
1 years$50,538$50,088$49,649$49,220$48,802$48,072
2 years$25,019$24,553$24,101$23,664$23,239$22,506
3 years$16,514$16,046$15,595$15,162$14,744$14,030
4 years$12,262$11,795$11,349$10,923$10,515$9,826
5 years$9,711$9,248$8,808$8,390$7,994$7,330
6 years$8,012$7,551$7,118$6,709$6,325$5,689
7 years$6,798$6,342$5,915$5,516$5,144$4,536
8 years$5,888$5,436$5,016$4,627$4,267$3,686
9 years$5,181$4,733$4,321$3,942$3,594$3,040
10 years$4,615$4,172$3,767$3,398$3,062$2,535
11 years$4,153$3,714$3,316$2,957$2,633$2,132
12 years$3,768$3,333$2,943$2,594$2,282$1,807
13 years$3,443$3,012$2,629$2,290$1,990$1,539
14 years$3,164$2,738$2,363$2,033$1,744$1,318
15 years$2,922$2,501$2,133$1,813$1,536$1,133
16 years$2,711$2,295$1,934$1,623$1,357$977
17 years$2,525$2,114$1,760$1,458$1,204$845
18 years$2,360$1,953$1,606$1,314$1,070$732
19 years$2,213$1,810$1,471$1,188$954$636
20 years$2,080$1,682$1,350$1,076$852$554
21 years$1,960$1,567$1,241$976$762$482
22 years$1,851$1,463$1,144$888$683$421
23 years$1,752$1,368$1,056$808$614$368
24 years$1,661$1,282$977$737$551$322
25 years$1,578$1,203$905$673$496$281
26 years$1,501$1,130$839$616$447$246
27 years$1,430$1,064$779$563$403$216
28 years$1,364$1,002$725$516$364$189
29 years$1,303$946$674$473$328$166
30 years$1,246$893$628$434$297$146
31 years$1,193$844$585$399$268$128
32 years$1,143$799$546$367$243$112
33 years$1,096$757$510$337$220$99
34 years$1,052$717$477$310$199$87
35 years$1,011$680$446$286$180$76
36 years$972$645$417$263$163$67
37 years$935$613$390$242$148$59
38 years$901$583$365$223$134$52
39 years$868$554$342$206$122$46
40 years$837$527$321$190$110$40
41 years$807$502$301$175$100$35
42 years$779$478$282$162$91$31
43 years$753$455$265$149$82$27
44 years$727$434$249$138$75$24
45 years$703$414$233$127$68$21
46 years$680$395$219$118$62$19
47 years$658$377$206$109$56$16
48 years$637$360$194$100$51$14
49 years$617$343$182$93$46$13
50 years$598$328$171$86$42$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $612,000, adding $5,391 every year, while hoping to spend $41,688 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: 72/7/21 Blend
50$612,000$612,000$612,000$612,000
51$679,985$647,549$638,063$725,092
52$704,988$634,923$615,082$743,204
53$731,143$620,281$589,935$757,541
54$758,526$603,481$562,503$772,201
55$787,215$584,371$532,666$787,210
56$817,296$562,791$500,296$802,597
57$848,865$538,572$465,260$818,394
58$882,021$511,534$427,419$834,641
59$916,877$481,489$386,627$851,378
60$953,552$448,235$342,733$868,655
61$992,177$411,562$295,577$886,525
62$1,032,895$371,244$244,995$905,048
63$1,075,861$327,046$190,813$924,294
64$1,121,244$278,716$132,850$944,339
65$1,169,229$225,991$70,919$965,270
66$1,220,018$168,592$4,822$987,182
67$1,273,830$106,223$0$1,010,186
68$1,330,906$38,573$0$1,049,127
69$1,391,509$0$0$1,091,527
70$1,455,926$0$0$1,139,178
71$1,524,472$0$0$1,193,061
72$1,597,491$0$0$1,250,476
73$1,675,359$0$0$1,311,724
74$1,758,491$0$0$1,377,130
75$1,847,338$0$0$1,447,054
76$1,942,395$0$0$1,521,887
77$2,044,207$0$0$1,602,062
78$2,153,371$0$0$1,688,050
79$2,270,539$0$0$1,780,370
80$2,396,431$0$0$1,879,590
81$2,531,834$0$0$1,986,337
82$2,677,614$0$0$2,101,295
83$2,834,721$0$0$2,225,218
84$3,004,198$0$0$2,358,933
85$3,187,192$0$0$2,503,349
86$3,384,964$0$0$2,659,466
87$3,598,898$0$0$2,828,381
88$3,830,516$0$0$3,011,302
89$4,081,491$0$0$3,209,554
90$4,353,665$0$0$3,424,598
91$4,649,060$0$0$3,658,039
92$4,969,901$0$0$3,911,640
93$5,318,638$0$0$4,187,344
94$5,697,963$0$0$4,487,286
95$6,110,838$0$0$4,813,816
96$6,560,525$0$0$5,169,521
97$7,050,612$0$0$5,557,245
98$7,585,045$0$0$5,980,121
99$8,168,172$0$0$6,441,595
100$8,804,776$0$0$6,945,462