Can I retire at age 51 with 619,000?

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 $619,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$51,116$50,661$50,217$49,783$49,360$47,420
2 years$25,305$24,834$24,377$23,934$23,505$21,574
3 years$16,703$16,229$15,774$15,335$14,912$13,052
4 years$12,402$11,930$11,479$11,048$10,636$8,859
5 years$9,822$9,353$8,908$8,486$8,085$6,397
6 years$8,103$7,638$7,199$6,786$6,397$4,800
7 years$6,876$6,414$5,983$5,579$5,203$3,694
8 years$5,956$5,498$5,074$4,680$4,316$2,895
9 years$5,240$4,787$4,370$3,987$3,635$2,300
10 years$4,668$4,220$3,810$3,437$3,097$1,845
11 years$4,201$3,756$3,354$2,991$2,664$1,492
12 years$3,811$3,372$2,977$2,623$2,308$1,213
13 years$3,482$3,047$2,659$2,316$2,013$991
14 years$3,200$2,770$2,390$2,056$1,764$813
15 years$2,956$2,530$2,157$1,833$1,554$669
16 years$2,742$2,321$1,956$1,642$1,373$552
17 years$2,554$2,138$1,780$1,475$1,217$457
18 years$2,387$1,975$1,625$1,329$1,082$378
19 years$2,238$1,831$1,487$1,201$965$313
20 years$2,104$1,701$1,365$1,088$862$260
21 years$1,983$1,585$1,256$987$771$216
22 years$1,872$1,479$1,157$898$691$180
23 years$1,772$1,384$1,069$818$621$150
24 years$1,680$1,296$988$746$558$125
25 years$1,596$1,216$915$681$502$104
26 years$1,518$1,143$849$623$452$86
27 years$1,446$1,076$788$570$408$72
28 years$1,380$1,014$733$522$368$60
29 years$1,318$956$682$479$332$50
30 years$1,260$903$635$439$300$42
31 years$1,206$854$592$404$271$35
32 years$1,156$808$553$371$245$29
33 years$1,109$765$516$341$222$24
34 years$1,064$725$482$314$201$20
35 years$1,022$688$451$289$182$17
36 years$983$653$422$266$165$14
37 years$946$620$395$245$150$12
38 years$911$589$370$226$136$10
39 years$878$560$346$208$123$8
40 years$846$533$324$192$112$7
41 years$816$507$304$177$101$6
42 years$788$483$285$164$92$5
43 years$761$461$268$151$83$4
44 years$735$439$251$139$76$3
45 years$711$419$236$129$69$3
46 years$688$399$222$119$62$2
47 years$665$381$208$110$57$2
48 years$644$364$196$102$51$2
49 years$624$347$184$94$47$1
50 years$604$332$173$87$42$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $619,000, adding $5,535 every year, while hoping to spend $42,817 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: 52/23/25 Blend
50$619,000$619,000$619,000$619,000
51$687,847$655,040$645,446$718,558
52$712,451$641,580$621,511$726,951
53$738,129$626,026$595,340$731,255
54$764,946$608,229$566,812$735,065
55$792,971$588,033$535,801$738,351
56$822,280$565,272$502,176$741,081
57$852,954$539,772$465,800$743,225
58$885,081$511,346$426,530$744,752
59$918,756$479,799$384,216$745,631
60$954,083$444,924$338,701$745,830
61$991,174$406,500$289,822$745,319
62$1,030,152$364,296$237,409$744,068
63$1,071,148$318,068$181,283$742,048
64$1,114,308$267,555$121,259$739,231
65$1,159,788$212,486$57,141$735,591
66$1,207,759$152,570$0$731,104
67$1,258,408$87,504$0$728,759
68$1,311,937$16,964$0$741,991
69$1,368,570$0$0$755,584
70$1,428,548$0$0$784,622
71$1,492,136$0$0$819,990
72$1,559,623$0$0$857,558
73$1,631,326$0$0$897,507
74$1,707,589$0$0$940,034
75$1,788,792$0$0$985,355
76$1,875,350$0$0$1,033,705
77$1,967,715$0$0$1,085,344
78$2,066,386$0$0$1,140,556
79$2,171,906$0$0$1,199,652
80$2,284,875$0$0$1,262,972
81$2,405,947$0$0$1,330,890
82$2,535,840$0$0$1,403,818
83$2,675,344$0$0$1,482,206
84$2,825,324$0$0$1,566,548
85$2,986,730$0$0$1,657,387
86$3,160,606$0$0$1,755,320
87$3,348,099$0$0$1,861,002
88$3,550,466$0$0$1,975,153
89$3,769,093$0$0$2,098,563
90$4,005,498$0$0$2,232,102
91$4,261,353$0$0$2,376,727
92$4,538,496$0$0$2,533,487
93$4,838,945$0$0$2,703,537
94$5,164,921$0$0$2,888,150
95$5,518,869$0$0$3,088,722
96$5,903,473$0$0$3,306,790
97$6,321,690$0$0$3,544,047
98$6,776,771$0$0$3,802,353
99$7,272,293$0$0$4,083,755
100$7,812,194$0$0$4,390,508