Can I retire at age 51 with 615,000?

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 $615,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$50,786$50,334$49,892$49,462$49,041$47,132
2 years$25,142$24,673$24,220$23,780$23,353$21,453
3 years$16,595$16,124$15,672$15,236$14,816$12,985
4 years$12,322$11,853$11,405$10,977$10,567$8,818
5 years$9,759$9,293$8,851$8,431$8,033$6,371
6 years$8,051$7,588$7,153$6,742$6,356$4,782
7 years$6,831$6,373$5,944$5,543$5,169$3,683
8 years$5,917$5,463$5,041$4,650$4,288$2,888
9 years$5,206$4,756$4,342$3,961$3,611$2,296
10 years$4,638$4,192$3,785$3,414$3,077$1,843
11 years$4,173$3,732$3,332$2,971$2,646$1,491
12 years$3,787$3,350$2,957$2,606$2,293$1,213
13 years$3,459$3,027$2,642$2,301$2,000$992
14 years$3,179$2,752$2,374$2,043$1,753$815
15 years$2,937$2,514$2,144$1,822$1,544$671
16 years$2,725$2,306$1,943$1,631$1,364$554
17 years$2,538$2,124$1,768$1,466$1,210$458
18 years$2,372$1,963$1,614$1,321$1,075$380
19 years$2,224$1,819$1,478$1,193$959$315
20 years$2,090$1,690$1,356$1,081$856$262
21 years$1,970$1,574$1,248$981$766$218
22 years$1,860$1,470$1,150$892$687$181
23 years$1,761$1,375$1,062$812$617$151
24 years$1,669$1,288$982$741$554$126
25 years$1,586$1,209$909$677$499$105
26 years$1,508$1,136$843$619$449$87
27 years$1,437$1,069$783$566$405$73
28 years$1,371$1,007$728$519$365$61
29 years$1,309$950$678$476$330$51
30 years$1,252$897$631$437$298$42
31 years$1,198$848$588$401$270$35
32 years$1,148$803$549$369$244$30
33 years$1,101$760$513$339$221$25
34 years$1,057$721$479$312$200$21
35 years$1,016$683$448$287$181$17
36 years$977$649$419$264$164$14
37 years$940$616$392$244$149$12
38 years$905$585$367$225$135$10
39 years$872$557$344$207$122$8
40 years$841$530$322$191$111$7
41 years$811$504$302$176$101$6
42 years$783$480$284$163$91$5
43 years$756$458$266$150$83$4
44 years$731$436$250$139$75$3
45 years$706$416$235$128$68$3
46 years$683$397$220$118$62$2
47 years$661$379$207$109$56$2
48 years$640$361$194$101$51$2
49 years$620$345$183$93$46$1
50 years$600$330$172$86$42$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $615,000, adding $2,084 every year, while hoping to spend $40,665 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: 63/21/16 Blend
50$615,000$615,000$615,000$615,000
51$679,880$647,285$637,752$719,890
52$705,960$635,734$615,850$735,460
53$733,338$622,255$591,850$747,639
54$762,102$606,710$565,641$759,962
55$792,351$588,952$537,104$772,448
56$824,188$568,829$506,115$785,114
57$857,731$546,177$472,545$797,983
58$893,103$520,823$436,259$811,082
59$930,441$492,585$397,116$824,443
60$969,895$461,270$354,968$838,101
61$1,011,626$426,674$309,661$852,100
62$1,055,812$388,582$261,034$866,488
63$1,102,646$346,764$208,921$881,322
64$1,152,341$300,980$153,144$896,667
65$1,205,126$250,975$93,521$912,597
66$1,261,257$196,480$29,862$929,198
67$1,321,008$137,211$0$946,566
68$1,384,684$72,867$0$971,310
69$1,452,617$3,132$0$1,002,920
70$1,525,169$0$0$1,036,469
71$1,602,740$0$0$1,088,872
72$1,685,766$0$0$1,145,762
73$1,774,727$0$0$1,206,749
74$1,870,147$0$0$1,272,196
75$1,972,604$0$0$1,342,504
76$2,082,730$0$0$1,418,109
77$2,201,220$0$0$1,499,495
78$2,328,836$0$0$1,587,189
79$2,466,417$0$0$1,681,773
80$2,614,882$0$0$1,783,884
81$2,775,243$0$0$1,894,223
82$2,948,610$0$0$2,013,560
83$3,136,205$0$0$2,142,743
84$3,339,370$0$0$2,282,703
85$3,559,581$0$0$2,434,462
86$3,798,461$0$0$2,599,147
87$4,057,794$0$0$2,777,996
88$4,339,544$0$0$2,972,370
89$4,645,870$0$0$3,183,767
90$4,979,147$0$0$3,413,835
91$5,341,989$0$0$3,664,388
92$5,737,273$0$0$3,937,421
93$6,168,164$0$0$4,235,130
94$6,638,144$0$0$4,559,933
95$7,151,049$0$0$4,914,489
96$7,711,098$0$0$5,301,728
97$8,322,938$0$0$5,724,872
98$8,991,682$0$0$6,187,472
99$9,722,962$0$0$6,693,435
100$10,522,977$0$0$7,247,064