Can I retire at age 51 with 613,000?

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 $613,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$50,621$50,170$49,730$49,301$48,881$47,241
2 years$25,060$24,593$24,141$23,702$23,277$21,640
3 years$16,541$16,072$15,621$15,186$14,768$13,187
4 years$12,282$11,815$11,368$10,941$10,533$9,019
5 years$9,727$9,263$8,822$8,404$8,007$6,564
6 years$8,025$7,564$7,129$6,720$6,335$4,966
7 years$6,809$6,352$5,925$5,525$5,152$3,855
8 years$5,898$5,445$5,025$4,635$4,274$3,048
9 years$5,189$4,741$4,328$3,948$3,600$2,444
10 years$4,623$4,179$3,773$3,403$3,067$1,979
11 years$4,160$3,720$3,322$2,962$2,638$1,616
12 years$3,774$3,339$2,948$2,598$2,286$1,327
13 years$3,448$3,017$2,634$2,294$1,993$1,096
14 years$3,169$2,743$2,366$2,036$1,747$909
15 years$2,927$2,506$2,137$1,816$1,538$756
16 years$2,716$2,299$1,937$1,626$1,360$630
17 years$2,530$2,117$1,763$1,461$1,206$527
18 years$2,364$1,956$1,609$1,316$1,072$441
19 years$2,216$1,813$1,473$1,190$955$370
20 years$2,083$1,685$1,352$1,077$853$311
21 years$1,963$1,569$1,243$978$764$261
22 years$1,854$1,465$1,146$889$685$220
23 years$1,755$1,370$1,058$810$615$185
24 years$1,664$1,284$979$738$552$156
25 years$1,580$1,205$906$674$497$131
26 years$1,503$1,132$841$617$448$111
27 years$1,432$1,066$781$564$404$94
28 years$1,366$1,004$726$517$364$79
29 years$1,305$947$675$474$329$67
30 years$1,248$895$629$435$297$56
31 years$1,194$846$586$400$269$47
32 years$1,145$800$547$367$243$40
33 years$1,098$758$511$338$220$34
34 years$1,054$718$477$311$199$29
35 years$1,013$681$446$286$180$24
36 years$974$647$417$263$163$20
37 years$937$614$391$243$148$17
38 years$902$584$366$224$134$15
39 years$869$555$343$206$122$12
40 years$838$528$321$190$110$10
41 years$809$503$301$176$100$9
42 years$780$479$283$162$91$7
43 years$754$456$265$150$83$6
44 years$728$435$249$138$75$5
45 years$704$415$234$128$68$4
46 years$681$395$220$118$62$4
47 years$659$377$206$109$56$3
48 years$638$360$194$101$51$3
49 years$618$344$182$93$46$2
50 years$599$329$171$86$42$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $613,000, adding $6,192 every year, while hoping to spend $44,094 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: 66/8/26 Blend
50$613,000$613,000$613,000$613,000
51$681,913$649,424$639,923$721,912
52$704,553$634,330$614,444$734,526
53$728,023$617,019$586,635$742,790
54$752,364$597,335$556,369$750,830
55$777,615$575,114$523,517$758,629
56$803,819$550,182$487,943$766,166
57$831,023$522,356$449,503$773,422
58$859,277$491,440$408,051$780,376
59$888,632$457,230$363,429$787,008
60$919,145$419,507$315,477$793,296
61$950,876$378,041$264,024$799,221
62$983,891$332,590$208,894$804,761
63$1,018,257$282,897$149,901$809,895
64$1,054,050$228,690$86,854$814,604
65$1,091,351$169,683$19,551$818,868
66$1,130,244$105,572$0$822,667
67$1,170,822$36,039$0$840,485
68$1,213,187$0$0$864,535
69$1,257,445$0$0$892,890
70$1,303,714$0$0$925,860
71$1,352,119$0$0$960,362
72$1,402,798$0$0$996,495
73$1,455,898$0$0$1,034,367
74$1,511,580$0$0$1,074,092
75$1,570,017$0$0$1,115,797
76$1,631,399$0$0$1,159,619
77$1,695,931$0$0$1,205,707
78$1,763,837$0$0$1,254,221
79$1,835,359$0$0$1,305,337
80$1,910,761$0$0$1,359,248
81$1,990,334$0$0$1,416,162
82$2,074,389$0$0$1,476,307
83$2,163,271$0$0$1,539,931
84$2,257,354$0$0$1,607,306
85$2,357,047$0$0$1,678,727
86$2,462,795$0$0$1,754,518
87$2,575,088$0$0$1,835,034
88$2,694,459$0$0$1,920,662
89$2,821,492$0$0$2,011,825
90$2,956,826$0$0$2,108,987
91$3,101,163$0$0$2,212,656
92$3,255,268$0$0$2,323,389
93$3,419,982$0$0$2,441,795
94$3,596,226$0$0$2,568,544
95$3,785,010$0$0$2,704,368
96$3,987,442$0$0$2,850,072
97$4,204,738$0$0$3,006,538
98$4,438,231$0$0$3,174,735
99$4,689,386$0$0$3,355,727
100$4,959,810$0$0$3,550,680