Can I retire at age 51 with 617,000?

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 $617,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$50,951$50,497$50,055$49,622$49,200$47,836
2 years$25,223$24,754$24,298$23,857$23,429$22,065
3 years$16,649$16,177$15,723$15,285$14,864$13,543
4 years$12,362$11,892$11,442$11,012$10,601$9,333
5 years$9,791$9,323$8,880$8,458$8,059$6,847
6 years$8,077$7,613$7,176$6,764$6,377$5,222
7 years$6,854$6,393$5,963$5,561$5,186$4,089
8 years$5,936$5,480$5,057$4,665$4,302$3,262
9 years$5,223$4,772$4,356$3,974$3,623$2,639
10 years$4,653$4,206$3,798$3,425$3,087$2,157
11 years$4,187$3,744$3,343$2,981$2,655$1,778
12 years$3,799$3,361$2,967$2,615$2,301$1,476
13 years$3,471$3,037$2,651$2,309$2,006$1,231
14 years$3,190$2,761$2,382$2,049$1,759$1,031
15 years$2,946$2,522$2,150$1,828$1,549$867
16 years$2,734$2,314$1,950$1,636$1,369$731
17 years$2,546$2,131$1,774$1,470$1,213$618
18 years$2,380$1,969$1,620$1,325$1,079$523
19 years$2,231$1,825$1,483$1,197$962$444
20 years$2,097$1,696$1,361$1,084$859$377
21 years$1,976$1,580$1,252$984$769$320
22 years$1,866$1,474$1,154$895$689$273
23 years$1,766$1,379$1,065$815$619$232
24 years$1,675$1,292$985$743$556$198
25 years$1,591$1,213$912$679$500$169
26 years$1,513$1,140$846$621$451$144
27 years$1,442$1,072$786$568$406$123
28 years$1,375$1,011$730$520$367$105
29 years$1,313$953$680$477$331$90
30 years$1,256$900$633$438$299$77
31 years$1,202$851$590$402$270$66
32 years$1,152$805$551$370$245$56
33 years$1,105$763$514$340$221$48
34 years$1,061$723$480$313$200$41
35 years$1,019$686$449$288$182$35
36 years$980$651$420$265$164$30
37 years$943$618$393$244$149$26
38 years$908$587$368$225$135$22
39 years$875$559$345$208$123$19
40 years$844$531$323$192$111$16
41 years$814$506$303$177$101$14
42 years$786$482$284$163$92$12
43 years$759$459$267$151$83$10
44 years$733$438$251$139$75$9
45 years$709$417$235$128$68$7
46 years$685$398$221$119$62$6
47 years$663$380$208$110$56$5
48 years$642$363$195$101$51$5
49 years$622$346$183$94$47$4
50 years$602$331$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 $617,000, adding $5,787 every year, while hoping to spend $21,202 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: 35/35/30 Blend
50$617,000$617,000$617,000$617,000
51$685,903$653,202$643,639$703,561
52$733,307$662,650$642,642$726,799
53$784,835$671,851$640,901$749,556
54$840,885$680,769$638,369$773,710
55$901,897$689,369$634,996$799,401
56$968,352$697,609$630,730$826,785
57$1,040,782$705,449$625,517$856,034
58$1,119,769$712,844$619,299$887,338
59$1,205,957$719,745$612,017$920,911
60$1,300,053$726,101$603,608$956,985
61$1,402,836$731,858$594,007$995,823
62$1,515,164$736,957$583,144$1,037,711
63$1,637,980$741,338$570,949$1,082,970
64$1,772,324$744,933$557,346$1,131,951
65$1,919,340$747,674$542,256$1,185,048
66$2,080,288$749,485$525,597$1,242,693
67$2,256,556$750,289$507,283$1,305,365
68$2,449,672$750,000$487,224$1,373,596
69$2,661,319$748,530$465,326$1,447,972
70$2,893,349$745,784$441,491$1,529,143
71$3,147,805$741,661$415,615$1,617,828
72$3,426,934$736,056$387,591$1,714,822
73$3,733,213$728,854$357,307$1,821,004
74$4,069,369$719,937$324,645$1,937,344
75$4,438,408$709,176$289,484$2,064,918
76$4,843,638$696,439$251,694$2,204,914
77$5,288,706$681,581$211,143$2,358,643
78$5,777,628$664,453$167,690$2,527,556
79$6,314,829$644,893$121,190$2,713,255
80$6,905,182$622,734$71,491$2,917,513
81$7,554,058$597,795$18,433$3,142,284
82$8,267,372$569,887$0$3,389,730
83$9,051,643$538,811$0$3,674,461
84$9,914,051$504,353$0$3,993,981
85$10,862,507$466,289$0$4,345,352
86$11,905,728$424,383$0$4,731,848
87$13,053,319$378,383$0$5,157,080
88$14,315,859$328,026$0$5,625,033
89$15,705,008$273,031$0$6,140,100
90$17,233,612$213,102$0$6,707,127
91$18,915,824$147,928$0$7,331,456
92$20,767,240$77,178$0$8,018,983
93$22,805,043$505$0$8,776,206
94$25,048,168$0$0$9,610,292
95$27,517,477$0$0$10,560,905
96$30,235,960$0$0$11,607,767
97$33,228,946$0$0$12,760,453
98$36,524,348$0$0$14,029,727
99$40,152,922$0$0$15,427,450
100$44,148,557$0$0$16,966,691