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%12.3%
1 years$50,538$50,088$49,649$49,220$48,802$48,332
2 years$25,019$24,553$24,101$23,664$23,239$22,766
3 years$16,514$16,046$15,595$15,162$14,744$14,282
4 years$12,262$11,795$11,349$10,923$10,515$10,068
5 years$9,711$9,248$8,808$8,390$7,994$7,563
6 years$8,012$7,551$7,118$6,709$6,325$5,911
7 years$6,798$6,342$5,915$5,516$5,144$4,747
8 years$5,888$5,436$5,016$4,627$4,267$3,887
9 years$5,181$4,733$4,321$3,942$3,594$3,230
10 years$4,615$4,172$3,767$3,398$3,062$2,714
11 years$4,153$3,714$3,316$2,957$2,633$2,302
12 years$3,768$3,333$2,943$2,594$2,282$1,967
13 years$3,443$3,012$2,629$2,290$1,990$1,690
14 years$3,164$2,738$2,363$2,033$1,744$1,459
15 years$2,922$2,501$2,133$1,813$1,536$1,265
16 years$2,711$2,295$1,934$1,623$1,357$1,101
17 years$2,525$2,114$1,760$1,458$1,204$961
18 years$2,360$1,953$1,606$1,314$1,070$841
19 years$2,213$1,810$1,471$1,188$954$737
20 years$2,080$1,682$1,350$1,076$852$648
21 years$1,960$1,567$1,241$976$762$570
22 years$1,851$1,463$1,144$888$683$502
23 years$1,752$1,368$1,056$808$614$443
24 years$1,661$1,282$977$737$551$391
25 years$1,578$1,203$905$673$496$346
26 years$1,501$1,130$839$616$447$306
27 years$1,430$1,064$779$563$403$271
28 years$1,364$1,002$725$516$364$240
29 years$1,303$946$674$473$328$213
30 years$1,246$893$628$434$297$189
31 years$1,193$844$585$399$268$168
32 years$1,143$799$546$367$243$149
33 years$1,096$757$510$337$220$132
34 years$1,052$717$477$310$199$117
35 years$1,011$680$446$286$180$104
36 years$972$645$417$263$163$93
37 years$935$613$390$242$148$82
38 years$901$583$365$223$134$73
39 years$868$554$342$206$122$65
40 years$837$527$321$190$110$58
41 years$807$502$301$175$100$52
42 years$779$478$282$162$91$46
43 years$753$455$265$149$82$41
44 years$727$434$249$138$75$36
45 years$703$414$233$127$68$32
46 years$680$395$219$118$62$29
47 years$658$377$206$109$56$26
48 years$637$360$194$100$51$23
49 years$617$343$182$93$46$20
50 years$598$328$171$86$42$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $612,000, adding $5,526 every year, while hoping to spend $34,622 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: 63/10/27 Blend
50$612,000$612,000$612,000$612,000
51$680,124$647,688$638,202$717,767
52$712,659$642,587$622,744$738,833
53$747,352$636,076$605,608$757,545
54$784,388$628,049$586,701$777,233
55$823,966$618,394$565,926$797,997
56$866,307$606,992$543,182$819,949
57$911,654$593,718$518,362$843,216
58$960,271$578,439$491,355$867,936
59$1,012,449$561,013$462,046$894,264
60$1,068,508$541,291$430,314$922,373
61$1,128,797$519,116$396,031$952,453
62$1,193,702$494,321$359,066$984,718
63$1,263,645$466,728$319,280$1,019,404
64$1,339,090$436,151$276,529$1,056,773
65$1,420,547$402,392$230,662$1,097,116
66$1,508,576$365,242$181,522$1,140,758
67$1,603,792$324,480$128,945$1,188,056
68$1,706,873$279,874$72,759$1,239,407
69$1,818,562$231,176$12,784$1,295,254
70$1,939,678$178,126$0$1,356,083
71$2,071,119$120,448$0$1,437,193
72$2,213,876$57,852$0$1,529,317
73$2,369,036$0$0$1,629,491
74$2,537,797$0$0$1,739,608
75$2,721,475$0$0$1,866,427
76$2,921,521$0$0$2,004,587
77$3,139,529$0$0$2,155,194
78$3,377,254$0$0$2,319,466
79$3,636,628$0$0$2,498,745
80$3,919,777$0$0$2,694,504
81$4,229,042$0$0$2,908,369
82$4,567,000$0$0$3,142,128
83$4,936,487$0$0$3,397,749
84$5,340,627$0$0$3,677,399
85$5,782,859$0$0$3,983,466
86$6,266,969$0$0$4,318,577
87$6,797,128$0$0$4,685,627
88$7,377,927$0$0$5,087,802
89$8,014,424$0$0$5,528,612
90$8,712,188$0$0$6,011,924
91$9,477,353$0$0$6,541,995
92$10,316,675$0$0$7,123,513
93$11,237,596$0$0$7,761,645
94$12,248,312$0$0$8,462,080
95$13,357,852$0$0$9,231,084
96$14,576,163$0$0$10,075,562
97$15,914,199$0$0$11,003,118
98$17,384,030$0$0$12,022,130
99$18,998,950$0$0$13,141,828
100$20,773,608$0$0$14,372,378