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%17.2%
1 years$50,786$50,334$49,892$49,462$49,041$47,605
2 years$25,142$24,673$24,220$23,780$23,353$21,917
3 years$16,595$16,124$15,672$15,236$14,816$13,426
4 years$12,322$11,853$11,405$10,977$10,567$9,234
5 years$9,759$9,293$8,851$8,431$8,033$6,760
6 years$8,051$7,588$7,153$6,742$6,356$5,145
7 years$6,831$6,373$5,944$5,543$5,169$4,019
8 years$5,917$5,463$5,041$4,650$4,288$3,199
9 years$5,206$4,756$4,342$3,961$3,611$2,581
10 years$4,638$4,192$3,785$3,414$3,077$2,105
11 years$4,173$3,732$3,332$2,971$2,646$1,731
12 years$3,787$3,350$2,957$2,606$2,293$1,432
13 years$3,459$3,027$2,642$2,301$2,000$1,192
14 years$3,179$2,752$2,374$2,043$1,753$995
15 years$2,937$2,514$2,144$1,822$1,544$834
16 years$2,725$2,306$1,943$1,631$1,364$702
17 years$2,538$2,124$1,768$1,466$1,210$591
18 years$2,372$1,963$1,614$1,321$1,075$499
19 years$2,224$1,819$1,478$1,193$959$422
20 years$2,090$1,690$1,356$1,081$856$357
21 years$1,970$1,574$1,248$981$766$303
22 years$1,860$1,470$1,150$892$687$257
23 years$1,761$1,375$1,062$812$617$218
24 years$1,669$1,288$982$741$554$186
25 years$1,586$1,209$909$677$499$158
26 years$1,508$1,136$843$619$449$134
27 years$1,437$1,069$783$566$405$114
28 years$1,371$1,007$728$519$365$97
29 years$1,309$950$678$476$330$83
30 years$1,252$897$631$437$298$71
31 years$1,198$848$588$401$270$60
32 years$1,148$803$549$369$244$51
33 years$1,101$760$513$339$221$44
34 years$1,057$721$479$312$200$37
35 years$1,016$683$448$287$181$32
36 years$977$649$419$264$164$27
37 years$940$616$392$244$149$23
38 years$905$585$367$225$135$20
39 years$872$557$344$207$122$17
40 years$841$530$322$191$111$14
41 years$811$504$302$176$101$12
42 years$783$480$284$163$91$10
43 years$756$458$266$150$83$9
44 years$731$436$250$139$75$8
45 years$706$416$235$128$68$6
46 years$683$397$220$118$62$6
47 years$661$379$207$109$56$5
48 years$640$361$194$101$51$4
49 years$620$345$183$93$46$3
50 years$600$330$172$86$42$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $615,000, adding $4,630 every year, while hoping to spend $31,189 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: 57/29/14 Blend
50$615,000$615,000$615,000$615,000
51$682,506$649,911$640,378$718,707
52$718,937$648,572$628,646$742,410
53$758,038$646,121$615,476$764,401
54$800,049$642,473$600,786$787,638
55$845,234$637,534$584,491$812,245
56$893,880$631,205$566,504$838,362
57$946,304$623,383$546,730$866,143
58$1,002,855$613,956$525,074$895,758
59$1,063,915$602,809$501,433$927,397
60$1,129,905$589,817$475,701$961,272
61$1,201,286$574,848$447,768$997,617
62$1,278,565$557,765$417,516$1,036,692
63$1,362,302$538,418$384,826$1,078,785
64$1,453,110$516,653$349,571$1,124,216
65$1,551,663$492,306$311,618$1,173,340
66$1,658,705$465,200$270,829$1,226,550
67$1,775,051$435,153$227,059$1,284,283
68$1,901,600$401,970$180,160$1,347,020
69$2,039,339$365,443$129,972$1,415,299
70$2,189,358$325,355$76,331$1,489,712
71$2,352,851$281,476$19,067$1,570,915
72$2,531,136$233,563$0$1,659,637
73$2,725,663$181,358$0$1,762,963
74$2,938,026$124,590$0$1,878,952
75$3,169,982$62,973$0$2,005,768
76$3,423,465$0$0$2,144,534
77$3,700,602$0$0$2,297,701
78$4,003,738$0$0$2,487,269
79$4,335,452$0$0$2,694,761
80$4,698,586$0$0$2,921,962
81$5,096,268$0$0$3,170,836
82$5,531,945$0$0$3,443,546
83$6,009,410$0$0$3,742,476
84$6,532,842$0$0$4,070,248
85$7,106,845$0$0$4,429,753
86$7,736,487$0$0$4,824,175
87$8,427,351$0$0$5,257,019
88$9,185,589$0$0$5,732,147
89$10,017,975$0$0$6,253,815
90$10,931,970$0$0$6,826,707
91$11,935,797$0$0$7,455,988
92$13,038,509$0$0$8,147,343
93$14,250,085$0$0$8,907,038
94$15,581,512$0$0$9,741,974
95$17,044,900$0$0$10,659,757
96$18,653,587$0$0$11,668,762
97$20,422,268$0$0$12,778,220
98$22,367,134$0$0$13,998,299
99$24,506,023$0$0$15,340,201
100$26,858,588$0$0$16,816,272