Can I retire at age 51 with 616,000?

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 $616,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$50,869$50,416$49,974$49,542$49,121$48,168
2 years$25,183$24,714$24,259$23,818$23,391$22,435
3 years$16,622$16,151$15,697$15,261$14,840$13,911
4 years$12,342$11,872$11,424$10,994$10,584$9,689
5 years$9,775$9,308$8,865$8,445$8,046$7,187
6 years$8,064$7,601$7,164$6,753$6,366$5,544
7 years$6,842$6,383$5,954$5,552$5,178$4,393
8 years$5,927$5,471$5,049$4,658$4,295$3,548
9 years$5,215$4,764$4,349$3,967$3,617$2,907
10 years$4,646$4,199$3,791$3,420$3,082$2,407
11 years$4,180$3,738$3,338$2,976$2,651$2,011
12 years$3,793$3,355$2,962$2,611$2,297$1,692
13 years$3,465$3,032$2,647$2,305$2,003$1,431
14 years$3,184$2,756$2,378$2,046$1,756$1,216
15 years$2,942$2,518$2,147$1,825$1,546$1,038
16 years$2,729$2,310$1,947$1,634$1,366$888
17 years$2,542$2,127$1,771$1,468$1,212$762
18 years$2,376$1,966$1,617$1,323$1,077$655
19 years$2,227$1,822$1,480$1,195$960$565
20 years$2,094$1,693$1,359$1,083$858$487
21 years$1,973$1,577$1,250$983$767$421
22 years$1,863$1,472$1,152$893$688$364
23 years$1,764$1,377$1,063$814$618$316
24 years$1,672$1,290$983$742$555$274
25 years$1,588$1,211$911$678$499$237
26 years$1,511$1,138$845$620$450$206
27 years$1,439$1,071$784$567$406$179
28 years$1,373$1,009$729$520$366$156
29 years$1,311$952$679$477$330$135
30 years$1,254$899$632$437$299$118
31 years$1,200$850$589$402$270$102
32 years$1,150$804$550$369$244$89
33 years$1,103$761$513$339$221$77
34 years$1,059$722$480$312$200$67
35 years$1,017$685$448$288$181$59
36 years$978$650$420$265$164$51
37 years$941$617$393$244$149$45
38 years$907$586$368$225$135$39
39 years$873$558$345$207$122$34
40 years$842$531$323$191$111$29
41 years$812$505$303$176$101$26
42 years$784$481$284$163$91$22
43 years$757$458$267$150$83$20
44 years$732$437$250$139$75$17
45 years$708$417$235$128$68$15
46 years$684$397$221$118$62$13
47 years$662$379$207$109$56$11
48 years$641$362$195$101$51$10
49 years$621$346$183$93$46$9
50 years$601$330$172$86$42$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $616,000, adding $3,826 every year, while hoping to spend $33,433 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: 65/27/8 Blend
50$616,000$616,000$616,000$616,000
51$682,779$650,131$640,583$725,850
52$716,849$646,414$626,470$751,284
53$753,275$641,396$610,763$774,748
54$792,260$634,975$593,375$799,512
55$834,030$627,048$574,212$825,700
56$878,830$617,503$553,177$853,449
57$926,931$606,221$530,169$882,910
58$978,631$593,078$505,082$914,253
59$1,034,253$577,941$477,805$947,664
60$1,094,157$560,670$448,222$983,350
61$1,158,735$541,117$416,211$1,021,541
62$1,228,419$519,125$381,647$1,062,491
63$1,303,683$494,527$344,397$1,106,481
64$1,385,047$467,147$304,323$1,153,824
65$1,473,085$436,801$261,281$1,204,865
66$1,568,426$403,290$215,120$1,259,988
67$1,671,761$366,407$165,682$1,319,616
68$1,783,853$325,933$112,805$1,384,218
69$1,905,537$281,635$56,315$1,454,315
70$2,037,735$233,268$0$1,530,481
71$2,181,459$180,573$0$1,613,693
72$2,337,823$123,276$0$1,709,467
73$2,508,052$61,088$0$1,813,787
74$2,693,495$0$0$1,927,534
75$2,895,636$0$0$2,053,549
76$3,116,110$0$0$2,210,825
77$3,356,713$0$0$2,382,500
78$3,619,424$0$0$2,569,990
79$3,906,422$0$0$2,774,855
80$4,220,105$0$0$2,998,811
81$4,563,113$0$0$3,243,751
82$4,938,354$0$0$3,511,754
83$5,349,028$0$0$3,805,114
84$5,798,660$0$0$4,126,354
85$6,291,132$0$0$4,478,254
86$6,830,718$0$0$4,863,875
87$7,422,125$0$0$5,286,587
88$8,070,537$0$0$5,750,103
89$8,781,666$0$0$6,258,514
90$9,561,799$0$0$6,816,322
91$10,417,865$0$0$7,428,489
92$11,357,493$0$0$8,100,479
93$12,389,089$0$0$8,838,312
94$13,521,912$0$0$9,648,619
95$14,766,161$0$0$10,538,705
96$16,133,070$0$0$11,516,616
97$17,635,019$0$0$12,591,217
98$19,285,642$0$0$13,772,275
99$21,099,961$0$0$15,070,549
100$23,094,528$0$0$16,497,891