Can I retire at age 51 with 619,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%16.3%
1 years$51,116$50,661$50,217$49,783$49,360$48,089
2 years$25,305$24,834$24,377$23,934$23,505$22,232
3 years$16,703$16,229$15,774$15,335$14,912$13,679
4 years$12,402$11,930$11,479$11,048$10,636$9,450
5 years$9,822$9,353$8,908$8,486$8,085$6,951
6 years$8,103$7,638$7,199$6,786$6,397$5,316
7 years$6,876$6,414$5,983$5,579$5,203$4,174
8 years$5,956$5,498$5,074$4,680$4,316$3,340
9 years$5,240$4,787$4,370$3,987$3,635$2,710
10 years$4,668$4,220$3,810$3,437$3,097$2,222
11 years$4,201$3,756$3,354$2,991$2,664$1,838
12 years$3,811$3,372$2,977$2,623$2,308$1,530
13 years$3,482$3,047$2,659$2,316$2,013$1,281
14 years$3,200$2,770$2,390$2,056$1,764$1,076
15 years$2,956$2,530$2,157$1,833$1,554$908
16 years$2,742$2,321$1,956$1,642$1,373$768
17 years$2,554$2,138$1,780$1,475$1,217$652
18 years$2,387$1,975$1,625$1,329$1,082$554
19 years$2,238$1,831$1,487$1,201$965$472
20 years$2,104$1,701$1,365$1,088$862$402
21 years$1,983$1,585$1,256$987$771$343
22 years$1,872$1,479$1,157$898$691$293
23 years$1,772$1,384$1,069$818$621$251
24 years$1,680$1,296$988$746$558$215
25 years$1,596$1,216$915$681$502$184
26 years$1,518$1,143$849$623$452$158
27 years$1,446$1,076$788$570$408$135
28 years$1,380$1,014$733$522$368$116
29 years$1,318$956$682$479$332$100
30 years$1,260$903$635$439$300$85
31 years$1,206$854$592$404$271$73
32 years$1,156$808$553$371$245$63
33 years$1,109$765$516$341$222$54
34 years$1,064$725$482$314$201$46
35 years$1,022$688$451$289$182$40
36 years$983$653$422$266$165$34
37 years$946$620$395$245$150$29
38 years$911$589$370$226$136$25
39 years$878$560$346$208$123$22
40 years$846$533$324$192$112$19
41 years$816$507$304$177$101$16
42 years$788$483$285$164$92$14
43 years$761$461$268$151$83$12
44 years$735$439$251$139$76$10
45 years$711$419$236$129$69$9
46 years$688$399$222$119$62$8
47 years$665$381$208$110$57$6
48 years$644$364$196$102$51$6
49 years$624$347$184$94$47$5
50 years$604$332$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 $619,000, adding $3,141 every year, while hoping to spend $24,233 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: 51/31/18 Blend
50$619,000$619,000$619,000$619,000
51$685,378$652,571$642,976$716,781
52$729,503$658,763$638,732$744,930
53$777,316$664,447$633,534$772,743
54$829,169$669,571$627,324$802,457
55$885,446$674,082$620,041$834,262
56$946,572$677,923$611,623$868,364
57$1,013,014$681,032$602,004$904,995
58$1,085,284$683,346$591,114$944,408
59$1,163,948$684,794$578,881$986,886
60$1,249,626$685,305$565,229$1,032,739
61$1,343,003$684,799$550,079$1,082,312
62$1,444,830$683,195$533,347$1,135,985
63$1,555,936$680,405$514,948$1,194,180
64$1,677,232$676,336$494,790$1,257,361
65$1,809,722$670,889$472,778$1,326,044
66$1,954,511$663,960$448,813$1,400,795
67$2,112,815$655,437$422,791$1,482,244
68$2,285,972$645,204$394,605$1,571,086
69$2,475,457$633,134$364,140$1,668,086
70$2,682,893$619,098$331,279$1,774,092
71$2,910,069$602,954$295,897$1,890,042
72$3,158,952$584,556$257,866$2,016,968
73$3,431,712$563,745$217,051$2,156,015
74$3,730,735$540,357$173,310$2,308,443
75$4,058,651$514,216$126,498$2,475,647
76$4,418,358$485,137$76,460$2,659,166
77$4,813,045$452,923$23,035$2,860,699
78$5,246,226$417,367$0$3,082,123
79$5,721,773$378,249$0$3,332,035
80$6,243,949$335,339$0$3,611,343
81$6,817,452$288,390$0$3,918,177
82$7,447,455$237,145$0$4,255,362
83$8,139,659$181,329$0$4,626,012
84$8,900,344$120,654$0$5,033,561
85$9,736,428$54,815$0$5,481,800
86$10,655,532$0$0$5,974,905
87$11,666,054$0$0$6,523,119
88$12,777,243$0$0$7,146,576
89$13,999,294$0$0$7,832,307
90$15,343,435$0$0$8,586,620
91$16,822,039$0$0$9,416,469
92$18,448,738$0$0$10,329,515
93$20,238,553$0$0$11,334,196
94$22,208,032$0$0$12,439,814
95$24,375,410$0$0$13,656,615
96$26,760,778$0$0$14,995,890
97$29,386,275$0$0$16,470,079
98$32,276,293$0$0$18,092,891
99$35,457,711$0$0$19,879,430
100$38,960,144$0$0$21,846,339