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%18.3%
1 years$50,869$50,416$49,974$49,542$49,121$47,472
2 years$25,183$24,714$24,259$23,818$23,391$21,746
3 years$16,622$16,151$15,697$15,261$14,840$13,251
4 years$12,342$11,872$11,424$10,994$10,584$9,063
5 years$9,775$9,308$8,865$8,445$8,046$6,596
6 years$8,064$7,601$7,164$6,753$6,366$4,990
7 years$6,842$6,383$5,954$5,552$5,178$3,874
8 years$5,927$5,471$5,049$4,658$4,295$3,063
9 years$5,215$4,764$4,349$3,967$3,617$2,455
10 years$4,646$4,199$3,791$3,420$3,082$1,989
11 years$4,180$3,738$3,338$2,976$2,651$1,624
12 years$3,793$3,355$2,962$2,611$2,297$1,334
13 years$3,465$3,032$2,647$2,305$2,003$1,101
14 years$3,184$2,756$2,378$2,046$1,756$913
15 years$2,942$2,518$2,147$1,825$1,546$759
16 years$2,729$2,310$1,947$1,634$1,366$633
17 years$2,542$2,127$1,771$1,468$1,212$529
18 years$2,376$1,966$1,617$1,323$1,077$443
19 years$2,227$1,822$1,480$1,195$960$372
20 years$2,094$1,693$1,359$1,083$858$312
21 years$1,973$1,577$1,250$983$767$263
22 years$1,863$1,472$1,152$893$688$221
23 years$1,764$1,377$1,063$814$618$186
24 years$1,672$1,290$983$742$555$157
25 years$1,588$1,211$911$678$499$132
26 years$1,511$1,138$845$620$450$111
27 years$1,439$1,071$784$567$406$94
28 years$1,373$1,009$729$520$366$79
29 years$1,311$952$679$477$330$67
30 years$1,254$899$632$437$299$57
31 years$1,200$850$589$402$270$48
32 years$1,150$804$550$369$244$40
33 years$1,103$761$513$339$221$34
34 years$1,059$722$480$312$200$29
35 years$1,017$685$448$288$181$24
36 years$978$650$420$265$164$21
37 years$941$617$393$244$149$17
38 years$907$586$368$225$135$15
39 years$873$558$345$207$122$12
40 years$842$531$323$191$111$10
41 years$812$505$303$176$101$9
42 years$784$481$284$163$91$7
43 years$757$458$267$150$83$6
44 years$732$437$250$139$75$5
45 years$708$417$235$128$68$5
46 years$684$397$221$118$62$4
47 years$662$379$207$109$56$3
48 years$641$362$195$101$51$3
49 years$621$346$183$93$46$2
50 years$601$330$172$86$42$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $616,000, adding $4,143 every year, while hoping to spend $43,275 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: 60/34/6 Blend
50$616,000$616,000$616,000$616,000
51$683,106$650,458$640,910$723,063
52$706,738$636,286$616,336$736,129
53$731,331$619,969$589,488$745,022
54$756,936$601,357$560,245$753,619
55$783,609$580,289$528,480$761,895
56$811,411$556,598$494,058$769,821
57$840,408$530,103$456,841$777,367
58$870,668$500,617$416,684$784,504
59$902,268$467,939$373,434$791,200
60$935,288$431,857$326,934$797,425
61$969,818$392,149$277,017$803,147
62$1,005,953$348,577$223,510$808,334
63$1,043,796$300,893$166,233$812,955
64$1,083,458$248,832$104,998$816,978
65$1,125,062$192,116$39,606$820,371
66$1,168,739$130,450$0$823,104
67$1,214,632$63,524$0$827,080
68$1,262,896$0$0$833,171
69$1,313,701$0$0$842,189
70$1,367,231$0$0$876,751
71$1,423,686$0$0$913,220
72$1,483,285$0$0$951,741
73$1,546,266$0$0$992,470
74$1,612,889$0$0$1,035,579
75$1,683,439$0$0$1,081,254
76$1,758,224$0$0$1,129,699
77$1,837,584$0$0$1,181,138
78$1,921,890$0$0$1,235,814
79$2,011,547$0$0$1,293,994
80$2,106,997$0$0$1,355,971
81$2,208,728$0$0$1,422,064
82$2,317,269$0$0$1,492,624
83$2,433,204$0$0$1,568,034
84$2,557,171$0$0$1,648,716
85$2,689,870$0$0$1,735,130
86$2,832,068$0$0$1,827,784
87$2,984,606$0$0$1,927,232
88$3,148,409$0$0$2,034,084
89$3,324,490$0$0$2,149,008
90$3,513,963$0$0$2,272,739
91$3,718,048$0$0$2,406,083
92$3,938,088$0$0$2,549,927
93$4,175,558$0$0$2,705,243
94$4,432,076$0$0$2,873,100
95$4,709,424$0$0$3,054,675
96$5,009,558$0$0$3,251,258
97$5,334,628$0$0$3,464,271
98$5,686,999$0$0$3,695,275
99$6,069,271$0$0$3,945,987
100$6,484,304$0$0$4,218,296