Can I retire at age 51 with 618,000?

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 $618,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$51,034$50,579$50,136$49,703$49,280$47,933
2 years$25,264$24,794$24,338$23,896$23,467$22,120
3 years$16,676$16,203$15,748$15,310$14,888$13,583
4 years$12,382$11,911$11,461$11,030$10,618$9,365
5 years$9,807$9,338$8,894$8,472$8,072$6,874
6 years$8,090$7,625$7,188$6,775$6,387$5,246
7 years$6,865$6,404$5,973$5,570$5,194$4,110
8 years$5,946$5,489$5,066$4,673$4,309$3,281
9 years$5,232$4,779$4,363$3,980$3,629$2,655
10 years$4,661$4,213$3,804$3,431$3,092$2,172
11 years$4,194$3,750$3,349$2,986$2,659$1,792
12 years$3,805$3,366$2,972$2,619$2,305$1,488
13 years$3,476$3,042$2,655$2,312$2,010$1,242
14 years$3,195$2,765$2,386$2,053$1,762$1,041
15 years$2,951$2,526$2,154$1,831$1,551$876
16 years$2,738$2,318$1,953$1,639$1,371$739
17 years$2,550$2,134$1,777$1,473$1,215$625
18 years$2,383$1,972$1,622$1,327$1,081$530
19 years$2,234$1,828$1,485$1,199$963$450
20 years$2,100$1,699$1,363$1,086$860$382
21 years$1,979$1,582$1,254$986$770$325
22 years$1,869$1,477$1,155$896$690$277
23 years$1,769$1,381$1,067$816$620$236
24 years$1,678$1,294$987$744$557$202
25 years$1,593$1,215$914$680$501$172
26 years$1,516$1,141$848$622$451$147
27 years$1,444$1,074$787$569$407$126
28 years$1,377$1,012$732$521$367$107
29 years$1,316$955$681$478$332$92
30 years$1,258$902$634$439$300$79
31 years$1,204$853$591$403$271$67
32 years$1,154$807$552$370$245$58
33 years$1,107$764$515$341$222$49
34 years$1,062$724$481$313$201$42
35 years$1,021$687$450$288$182$36
36 years$982$652$421$266$165$31
37 years$944$619$394$245$149$26
38 years$909$588$369$226$135$23
39 years$876$559$346$208$123$19
40 years$845$532$324$192$111$17
41 years$815$507$304$177$101$14
42 years$787$483$285$163$92$12
43 years$760$460$267$151$83$10
44 years$734$438$251$139$76$9
45 years$710$418$236$129$69$8
46 years$687$399$221$119$62$7
47 years$664$380$208$110$57$6
48 years$643$363$195$101$51$5
49 years$623$347$184$94$47$4
50 years$603$331$173$87$42$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $618,000, adding $2,656 every year, while hoping to spend $24,354 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: 68/26/6 Blend
50$618,000$618,000$618,000$618,000
51$683,776$651,022$641,443$729,499
52$727,608$657,009$637,019$766,114
53$775,096$662,474$631,630$802,924
54$826,585$667,365$625,219$842,515
55$882,457$671,626$617,725$885,155
56$943,133$675,201$609,083$931,137
57$1,009,073$678,027$599,229$980,788
58$1,080,787$680,038$588,091$1,034,465
59$1,158,832$681,164$575,596$1,092,564
60$1,243,823$681,332$561,669$1,155,520
61$1,336,437$680,462$546,230$1,223,815
62$1,437,419$678,470$529,194$1,297,978
63$1,547,588$675,267$510,474$1,378,593
64$1,667,846$670,759$489,979$1,466,306
65$1,799,187$664,846$467,613$1,561,827
66$1,942,702$657,422$443,276$1,665,941
67$2,099,596$648,374$416,864$1,779,511
68$2,271,193$637,583$388,268$1,903,492
69$2,458,953$624,922$357,373$2,038,935
70$2,664,481$610,258$324,060$2,187,001
71$2,889,546$593,450$288,204$2,348,968
72$3,136,097$574,346$249,676$2,526,248
73$3,406,278$552,788$208,340$2,720,396
74$3,702,453$528,608$164,053$2,933,127
75$4,027,222$501,629$116,667$3,166,335
76$4,383,451$471,662$66,029$3,422,106
77$4,774,298$438,508$11,975$3,702,742
78$5,203,239$401,957$0$4,010,779
79$5,674,104$361,788$0$4,351,943
80$6,191,111$317,764$0$4,727,402
81$6,758,907$269,637$0$5,139,803
82$7,382,613$217,147$0$5,592,911
83$8,067,867$160,014$0$6,090,877
84$8,820,882$97,947$0$6,638,275
85$9,648,502$30,637$0$7,240,151
86$10,558,268$0$0$7,902,066
87$11,558,487$0$0$8,642,238
88$12,658,312$0$0$9,465,797
89$13,867,826$0$0$10,371,533
90$15,198,139$0$0$11,367,772
91$16,661,491$0$0$12,463,685
92$18,271,369$0$0$13,669,377
93$20,042,633$0$0$14,995,984
94$21,991,654$0$0$16,455,773
95$24,136,473$0$0$18,062,262
96$26,496,966$0$0$19,830,345
97$29,095,034$0$0$21,776,432
98$31,954,810$0$0$23,918,608
99$35,102,883$0$0$26,276,796
100$38,568,553$0$0$28,872,952