Can I retire at age 51 with 612,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11.7%
1 years$50,538$50,088$49,649$49,220$48,802$48,454
2 years$25,019$24,553$24,101$23,664$23,239$22,888
3 years$16,514$16,046$15,595$15,162$14,744$14,401
4 years$12,262$11,795$11,349$10,923$10,515$10,183
5 years$9,711$9,248$8,808$8,390$7,994$7,673
6 years$8,012$7,551$7,118$6,709$6,325$6,016
7 years$6,798$6,342$5,915$5,516$5,144$4,847
8 years$5,888$5,436$5,016$4,627$4,267$3,983
9 years$5,181$4,733$4,321$3,942$3,594$3,321
10 years$4,615$4,172$3,767$3,398$3,062$2,801
11 years$4,153$3,714$3,316$2,957$2,633$2,385
12 years$3,768$3,333$2,943$2,594$2,282$2,045
13 years$3,443$3,012$2,629$2,290$1,990$1,764
14 years$3,164$2,738$2,363$2,033$1,744$1,529
15 years$2,922$2,501$2,133$1,813$1,536$1,331
16 years$2,711$2,295$1,934$1,623$1,357$1,163
17 years$2,525$2,114$1,760$1,458$1,204$1,020
18 years$2,360$1,953$1,606$1,314$1,070$896
19 years$2,213$1,810$1,471$1,188$954$789
20 years$2,080$1,682$1,350$1,076$852$696
21 years$1,960$1,567$1,241$976$762$615
22 years$1,851$1,463$1,144$888$683$545
23 years$1,752$1,368$1,056$808$614$483
24 years$1,661$1,282$977$737$551$428
25 years$1,578$1,203$905$673$496$381
26 years$1,501$1,130$839$616$447$338
27 years$1,430$1,064$779$563$403$301
28 years$1,364$1,002$725$516$364$268
29 years$1,303$946$674$473$328$239
30 years$1,246$893$628$434$297$213
31 years$1,193$844$585$399$268$190
32 years$1,143$799$546$367$243$169
33 years$1,096$757$510$337$220$151
34 years$1,052$717$477$310$199$135
35 years$1,011$680$446$286$180$120
36 years$972$645$417$263$163$108
37 years$935$613$390$242$148$96
38 years$901$583$365$223$134$86
39 years$868$554$342$206$122$77
40 years$837$527$321$190$110$69
41 years$807$502$301$175$100$61
42 years$779$478$282$162$91$55
43 years$753$455$265$149$82$49
44 years$727$434$249$138$75$44
45 years$703$414$233$127$68$39
46 years$680$395$219$118$62$35
47 years$658$377$206$109$56$31
48 years$637$360$194$100$51$28
49 years$617$343$182$93$46$25
50 years$598$328$171$86$42$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $612,000, adding $3,590 every year, while hoping to spend $21,125 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: 77/10/13 Blend
50$612,000$612,000$612,000$612,000
51$678,127$645,691$636,205$728,303
52$724,819$654,853$635,041$771,026
53$775,566$663,756$633,130$814,826
54$830,758$672,365$630,425$862,263
55$890,827$680,642$626,876$913,692
56$956,246$688,548$622,430$969,502
57$1,027,536$696,040$617,035$1,030,126
58$1,105,271$703,072$610,631$1,096,037
59$1,190,082$709,596$603,161$1,167,758
60$1,282,664$715,560$594,560$1,245,865
61$1,383,782$720,908$584,764$1,330,992
62$1,494,278$725,583$573,704$1,423,839
63$1,615,079$729,521$561,308$1,525,176
64$1,747,206$732,657$547,501$1,635,852
65$1,891,782$734,918$532,203$1,756,803
66$2,050,046$736,231$515,334$1,889,061
67$2,223,360$736,516$496,807$2,033,761
68$2,413,224$735,687$476,532$2,192,156
69$2,621,291$733,654$454,414$2,365,627
70$2,849,382$730,322$430,356$2,555,695
71$3,099,501$725,590$404,255$2,764,036
72$3,373,856$719,349$376,003$2,992,498
73$3,674,878$711,486$345,488$3,243,119
74$4,005,246$701,880$312,593$3,518,141
75$4,367,911$690,402$277,194$3,820,040
76$4,766,124$676,917$239,166$4,151,542
77$5,203,463$661,281$198,373$4,515,652
78$5,683,874$643,341$154,676$4,915,682
79$6,211,701$622,936$107,929$5,355,282
80$6,791,730$599,896$57,980$5,838,476
81$7,429,235$574,040$4,671$6,369,698
82$8,130,025$545,176$0$6,953,836
83$8,900,501$513,102$0$7,603,518
84$9,747,713$477,606$0$8,318,602
85$10,679,431$438,459$0$9,105,006
86$11,704,214$395,425$0$9,969,969
87$12,831,492$348,249$0$10,921,467
88$14,071,656$296,665$0$11,968,287
89$15,436,155$240,391$0$13,120,115
90$16,937,601$179,130$0$14,387,622
91$18,589,895$112,565$0$15,782,570
92$20,408,350$40,366$0$17,317,917
93$22,409,838$0$0$19,007,945
94$24,612,954$0$0$20,872,552
95$27,038,182$0$0$22,930,061
96$29,708,097$0$0$25,195,183
97$32,647,572$0$0$27,689,026
98$35,884,015$0$0$30,434,844
99$39,447,627$0$0$33,458,264
100$43,371,685$0$0$36,787,524