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%18.8%
1 years$51,116$50,661$50,217$49,783$49,360$47,609
2 years$25,305$24,834$24,377$23,934$23,505$21,759
3 years$16,703$16,229$15,774$15,335$14,912$13,227
4 years$12,402$11,930$11,479$11,048$10,636$9,024
5 years$9,822$9,353$8,908$8,486$8,085$6,551
6 years$8,103$7,638$7,199$6,786$6,397$4,942
7 years$6,876$6,414$5,983$5,579$5,203$3,825
8 years$5,956$5,498$5,074$4,680$4,316$3,016
9 years$5,240$4,787$4,370$3,987$3,635$2,410
10 years$4,668$4,220$3,810$3,437$3,097$1,946
11 years$4,201$3,756$3,354$2,991$2,664$1,583
12 years$3,811$3,372$2,977$2,623$2,308$1,297
13 years$3,482$3,047$2,659$2,316$2,013$1,067
14 years$3,200$2,770$2,390$2,056$1,764$881
15 years$2,956$2,530$2,157$1,833$1,554$731
16 years$2,742$2,321$1,956$1,642$1,373$607
17 years$2,554$2,138$1,780$1,475$1,217$506
18 years$2,387$1,975$1,625$1,329$1,082$422
19 years$2,238$1,831$1,487$1,201$965$352
20 years$2,104$1,701$1,365$1,088$862$295
21 years$1,983$1,585$1,256$987$771$247
22 years$1,872$1,479$1,157$898$691$207
23 years$1,772$1,384$1,069$818$621$174
24 years$1,680$1,296$988$746$558$146
25 years$1,596$1,216$915$681$502$122
26 years$1,518$1,143$849$623$452$103
27 years$1,446$1,076$788$570$408$86
28 years$1,380$1,014$733$522$368$73
29 years$1,318$956$682$479$332$61
30 years$1,260$903$635$439$300$51
31 years$1,206$854$592$404$271$43
32 years$1,156$808$553$371$245$36
33 years$1,109$765$516$341$222$31
34 years$1,064$725$482$314$201$26
35 years$1,022$688$451$289$182$22
36 years$983$653$422$266$165$18
37 years$946$620$395$245$150$15
38 years$911$589$370$226$136$13
39 years$878$560$346$208$123$11
40 years$846$533$324$192$112$9
41 years$816$507$304$177$101$8
42 years$788$483$285$164$92$6
43 years$761$461$268$151$83$5
44 years$735$439$251$139$76$5
45 years$711$419$236$129$69$4
46 years$688$399$222$119$62$3
47 years$665$381$208$110$57$3
48 years$644$364$196$102$51$2
49 years$624$347$184$94$47$2
50 years$604$332$173$87$42$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $619,000, adding $2,545 every year, while hoping to spend $26,364 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: 49/23/28 Blend
50$619,000$619,000$619,000$619,000
51$684,763$651,956$642,362$712,757
52$726,558$655,851$635,830$736,542
53$771,732$659,053$628,195$759,560
54$820,603$661,500$619,394$784,057
55$873,518$663,128$609,357$810,185
56$930,861$663,865$598,014$838,113
57$993,052$663,638$585,292$868,029
58$1,060,555$662,368$571,111$900,142
59$1,133,879$659,971$555,390$934,684
60$1,213,584$656,360$538,045$971,910
61$1,300,287$651,438$518,987$1,012,105
62$1,394,666$645,108$498,122$1,055,585
63$1,497,466$637,262$475,354$1,102,698
64$1,609,508$627,789$450,579$1,153,832
65$1,731,698$616,570$423,693$1,209,415
66$1,865,028$603,479$394,584$1,269,922
67$2,010,593$588,383$363,135$1,335,878
68$2,169,600$571,139$329,226$1,407,865
69$2,343,373$551,599$292,729$1,486,526
70$2,533,375$529,605$253,513$1,572,574
71$2,741,212$504,989$211,439$1,666,796
72$2,968,656$477,574$166,363$1,770,065
73$3,217,657$447,172$118,133$1,883,345
74$3,490,360$413,587$66,593$2,007,701
75$3,789,131$376,607$11,579$2,144,313
76$4,116,574$336,012$0$2,294,483
77$4,475,555$291,567$0$2,473,733
78$4,869,235$243,027$0$2,674,181
79$5,301,090$190,128$0$2,894,178
80$5,774,953$132,597$0$3,135,728
81$6,295,045$70,140$0$3,401,037
82$6,866,014$2,451$0$3,692,543
83$7,492,981$0$0$4,012,930
84$8,181,588$0$0$4,383,081
85$8,938,048$0$0$4,790,458
86$9,769,209$0$0$5,238,137
87$10,682,612$0$0$5,730,189
88$11,686,566$0$0$6,271,101
89$12,790,225$0$0$6,865,813
90$14,003,673$0$0$7,519,770
91$15,338,021$0$0$8,238,970
92$16,805,511$0$0$9,030,023
93$18,419,629$0$0$9,900,210
94$20,195,237$0$0$10,857,552
95$22,148,706$0$0$11,910,891
96$24,298,075$0$0$13,069,965
97$26,663,222$0$0$14,345,506
98$29,266,046$0$0$15,749,338
99$32,130,678$0$0$17,294,489
100$35,283,707$0$0$18,995,315