Can I retire at age 51 with 614,000?

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 $614,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$50,704$50,252$49,811$49,381$48,961$48,734
2 years$25,101$24,633$24,180$23,741$23,315$23,086
3 years$16,568$16,098$15,646$15,211$14,792$14,568
4 years$12,302$11,834$11,386$10,959$10,550$10,332
5 years$9,743$9,278$8,836$8,417$8,020$7,810
6 years$8,038$7,576$7,141$6,731$6,346$6,143
7 years$6,820$6,362$5,934$5,534$5,161$4,966
8 years$5,907$5,454$5,033$4,643$4,281$4,094
9 years$5,198$4,748$4,335$3,954$3,606$3,426
10 years$4,631$4,186$3,779$3,409$3,072$2,900
11 years$4,167$3,726$3,327$2,967$2,642$2,478
12 years$3,780$3,344$2,953$2,602$2,290$2,133
13 years$3,454$3,022$2,638$2,297$1,997$1,847
14 years$3,174$2,747$2,370$2,039$1,750$1,608
15 years$2,932$2,510$2,140$1,819$1,541$1,405
16 years$2,720$2,303$1,940$1,628$1,362$1,233
17 years$2,534$2,121$1,766$1,463$1,208$1,085
18 years$2,368$1,959$1,612$1,319$1,074$957
19 years$2,220$1,816$1,475$1,191$957$847
20 years$2,087$1,688$1,354$1,079$855$750
21 years$1,967$1,572$1,246$979$765$666
22 years$1,857$1,467$1,148$890$686$592
23 years$1,758$1,372$1,060$811$616$527
24 years$1,667$1,286$980$740$553$470
25 years$1,583$1,207$908$675$498$420
26 years$1,506$1,134$842$618$448$375
27 years$1,435$1,067$782$565$404$335
28 years$1,368$1,006$727$518$365$300
29 years$1,307$949$676$475$329$268
30 years$1,250$896$630$436$298$240
31 years$1,196$847$587$400$269$215
32 years$1,146$801$548$368$243$193
33 years$1,100$759$512$338$220$173
34 years$1,056$719$478$311$199$155
35 years$1,014$682$447$287$181$139
36 years$975$648$418$264$164$125
37 years$938$615$391$243$148$112
38 years$904$585$367$224$134$101
39 years$871$556$343$207$122$91
40 years$839$529$322$191$111$81
41 years$810$503$302$176$100$73
42 years$782$479$283$162$91$66
43 years$755$457$266$150$83$59
44 years$730$435$249$138$75$53
45 years$705$415$234$128$68$48
46 years$682$396$220$118$62$43
47 years$660$378$207$109$56$39
48 years$639$361$194$101$51$35
49 years$619$345$182$93$46$31
50 years$599$329$172$86$42$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $614,000, adding $3,969 every year, while hoping to spend $20,787 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: 81/12/7 Blend
50$614,000$614,000$614,000$614,000
51$680,722$648,180$638,663$735,051
52$728,038$657,824$637,941$780,830
53$779,484$667,243$636,498$827,896
54$835,459$676,405$634,288$878,919
55$896,402$685,276$631,263$934,283
56$962,797$693,816$627,372$994,411
57$1,035,175$701,985$622,562$1,059,769
58$1,114,122$709,742$616,777$1,130,871
59$1,200,283$717,039$609,959$1,208,281
60$1,294,366$723,829$602,047$1,292,623
61$1,397,153$730,058$592,977$1,384,582
62$1,509,504$735,672$582,683$1,484,913
63$1,632,363$740,610$571,093$1,594,450
64$1,766,775$744,811$558,136$1,714,109
65$1,913,886$748,206$543,733$1,844,900
66$2,074,960$750,725$527,805$1,987,938
67$2,251,387$752,293$510,268$2,144,447
68$2,444,701$752,827$491,035$2,315,779
69$2,656,588$752,244$470,012$2,503,424
70$2,888,908$750,451$447,105$2,709,021
71$3,143,707$747,353$422,213$2,934,379
72$3,423,239$742,848$395,232$3,181,490
73$3,729,988$736,826$366,050$3,452,549
74$4,066,689$729,173$334,556$3,749,975
75$4,436,355$719,767$300,627$4,076,433
76$4,842,306$708,477$264,140$4,434,861
77$5,288,197$695,169$224,965$4,828,496
78$5,778,056$679,695$182,964$5,260,905
79$6,316,320$661,902$137,996$5,736,019
80$6,907,878$641,628$89,912$6,258,171
81$7,558,114$618,701$38,556$6,832,134
82$8,272,962$592,937$0$7,463,170
83$9,058,957$564,145$0$8,158,291
84$9,923,302$532,119$0$8,925,825
85$10,873,931$496,645$0$9,769,945
86$11,919,585$457,494$0$10,698,424
87$13,069,896$414,424$0$11,719,830
88$14,335,476$367,181$0$12,843,603
89$15,728,017$315,496$0$14,080,146
90$17,260,402$259,083$0$15,440,923
91$18,946,827$197,642$0$16,938,568
92$20,802,932$130,855$0$18,587,000
93$22,845,951$58,386$0$20,401,562
94$25,094,873$0$0$22,399,158
95$27,570,622$0$0$24,601,076
96$30,296,253$0$0$27,033,746
97$33,297,172$0$0$29,712,133
98$36,601,372$0$0$32,661,226
99$40,239,699$0$0$35,908,558
100$44,246,142$0$0$39,484,467