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%13%
1 years$50,621$50,170$49,730$49,301$48,881$48,271
2 years$25,060$24,593$24,141$23,702$23,277$22,662
3 years$16,541$16,072$15,621$15,186$14,768$14,168
4 years$12,282$11,815$11,368$10,941$10,533$9,953
5 years$9,727$9,263$8,822$8,404$8,007$7,449
6 years$8,025$7,564$7,129$6,720$6,335$5,800
7 years$6,809$6,352$5,925$5,525$5,152$4,639
8 years$5,898$5,445$5,025$4,635$4,274$3,784
9 years$5,189$4,741$4,328$3,948$3,600$3,131
10 years$4,623$4,179$3,773$3,403$3,067$2,621
11 years$4,160$3,720$3,322$2,962$2,638$2,213
12 years$3,774$3,339$2,948$2,598$2,286$1,882
13 years$3,448$3,017$2,634$2,294$1,993$1,610
14 years$3,169$2,743$2,366$2,036$1,747$1,384
15 years$2,927$2,506$2,137$1,816$1,538$1,194
16 years$2,716$2,299$1,937$1,626$1,360$1,034
17 years$2,530$2,117$1,763$1,461$1,206$898
18 years$2,364$1,956$1,609$1,316$1,072$782
19 years$2,216$1,813$1,473$1,190$955$682
20 years$2,083$1,685$1,352$1,077$853$596
21 years$1,963$1,569$1,243$978$764$522
22 years$1,854$1,465$1,146$889$685$458
23 years$1,755$1,370$1,058$810$615$402
24 years$1,664$1,284$979$738$552$353
25 years$1,580$1,205$906$674$497$310
26 years$1,503$1,132$841$617$448$273
27 years$1,432$1,066$781$564$404$240
28 years$1,366$1,004$726$517$364$212
29 years$1,305$947$675$474$329$187
30 years$1,248$895$629$435$297$165
31 years$1,194$846$586$400$269$145
32 years$1,145$800$547$367$243$128
33 years$1,098$758$511$338$220$113
34 years$1,054$718$477$311$199$100
35 years$1,013$681$446$286$180$88
36 years$974$647$417$263$163$78
37 years$937$614$391$243$148$69
38 years$902$584$366$224$134$61
39 years$869$555$343$206$122$54
40 years$838$528$321$190$110$48
41 years$809$503$301$176$100$42
42 years$780$479$283$162$91$37
43 years$754$456$265$150$83$33
44 years$728$435$249$138$75$29
45 years$704$415$234$128$68$26
46 years$681$395$220$118$62$23
47 years$659$377$206$109$56$20
48 years$638$360$194$101$51$18
49 years$618$344$182$93$46$16
50 years$599$329$171$86$42$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $613,000, adding $6,922 every year, while hoping to spend $36,011 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: 40/36/24 Blend
50$613,000$613,000$613,000$613,000
51$682,666$650,177$640,676$704,891
52$713,983$643,720$623,823$715,098
53$747,286$635,740$605,198$722,226
54$782,742$626,124$584,705$729,223
55$820,531$614,753$562,241$736,099
56$860,849$601,500$537,700$742,867
57$903,913$586,231$510,971$749,545
58$949,960$568,804$481,937$756,153
59$999,250$549,070$450,476$762,721
60$1,052,068$526,869$416,462$769,282
61$1,108,727$502,034$379,761$775,878
62$1,169,570$474,386$340,235$782,559
63$1,234,973$443,737$297,740$789,383
64$1,305,349$409,889$252,123$796,421
65$1,381,153$372,632$203,227$803,753
66$1,462,882$331,742$150,887$811,476
67$1,551,084$286,986$94,930$819,698
68$1,646,361$238,115$35,177$828,547
69$1,749,374$184,867$0$838,169
70$1,860,850$126,965$0$856,052
71$1,981,587$64,116$0$885,156
72$2,112,463$0$0$916,732
73$2,254,444$0$0$952,663
74$2,408,593$0$0$1,019,318
75$2,576,077$0$0$1,091,809
76$2,758,181$0$0$1,170,703
77$2,956,319$0$0$1,256,622
78$3,172,046$0$0$1,350,249
79$3,407,075$0$0$1,452,338
80$3,663,287$0$0$1,563,717
81$3,942,758$0$0$1,685,299
82$4,247,767$0$0$1,818,089
83$4,580,828$0$0$1,963,190
84$4,944,703$0$0$2,121,821
85$5,342,438$0$0$2,295,322
86$5,777,383$0$0$2,485,168
87$6,253,229$0$0$2,692,983
88$6,774,036$0$0$2,920,557
89$7,344,280$0$0$3,169,859
90$7,968,887$0$0$3,443,059
91$8,653,281$0$0$3,742,547
92$9,403,438$0$0$4,070,954
93$10,225,938$0$0$4,431,178
94$11,128,028$0$0$4,826,413
95$12,117,692$0$0$5,260,173
96$13,203,721$0$0$5,736,334
97$14,395,801$0$0$6,259,161
98$15,704,600$0$0$6,833,355
99$17,141,870$0$0$7,464,092
100$18,720,557$0$0$8,157,078