Can I retire at age 51 with 599,000?

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 $599,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$49,465$49,024$48,594$48,175$47,765$46,839
2 years$24,488$24,031$23,590$23,161$22,745$21,816
3 years$16,163$15,705$15,264$14,839$14,431$13,527
4 years$12,001$11,545$11,108$10,691$10,292$9,421
5 years$9,505$9,051$8,620$8,212$7,824$6,988
6 years$7,841$7,391$6,967$6,567$6,191$5,391
7 years$6,654$6,207$5,789$5,399$5,035$4,272
8 years$5,763$5,320$4,910$4,529$4,177$3,450
9 years$5,071$4,632$4,229$3,858$3,517$2,826
10 years$4,517$4,083$3,687$3,325$2,997$2,341
11 years$4,065$3,635$3,246$2,894$2,578$1,956
12 years$3,688$3,263$2,881$2,539$2,234$1,645
13 years$3,369$2,949$2,574$2,241$1,948$1,392
14 years$3,097$2,680$2,312$1,989$1,707$1,183
15 years$2,860$2,448$2,088$1,774$1,503$1,009
16 years$2,654$2,246$1,893$1,589$1,329$863
17 years$2,472$2,069$1,722$1,427$1,178$741
18 years$2,310$1,912$1,572$1,286$1,047$637
19 years$2,166$1,772$1,439$1,162$934$549
20 years$2,036$1,646$1,321$1,053$834$474
21 years$1,918$1,533$1,215$955$746$409
22 years$1,812$1,431$1,120$869$669$354
23 years$1,715$1,339$1,034$791$600$307
24 years$1,626$1,254$956$722$540$266
25 years$1,544$1,177$886$659$486$231
26 years$1,469$1,106$821$603$437$200
27 years$1,400$1,041$763$552$394$174
28 years$1,335$981$709$505$356$151
29 years$1,275$926$660$463$321$131
30 years$1,219$874$615$425$290$114
31 years$1,167$826$573$391$263$99
32 years$1,118$782$535$359$237$87
33 years$1,073$740$499$330$215$75
34 years$1,030$702$466$304$195$66
35 years$989$666$436$280$176$57
36 years$951$632$408$257$160$50
37 years$915$600$382$237$145$43
38 years$881$570$358$219$131$38
39 years$849$542$335$202$119$33
40 years$819$516$314$186$108$29
41 years$790$491$294$172$98$25
42 years$763$468$276$158$89$22
43 years$737$446$259$146$81$19
44 years$712$425$243$135$73$17
45 years$688$405$228$125$66$14
46 years$665$386$215$115$60$13
47 years$644$369$202$106$55$11
48 years$623$352$189$98$50$10
49 years$604$336$178$91$45$8
50 years$585$321$167$84$41$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $599,000, adding $6,864 every year, while hoping to spend $40,947 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: 71/16/13 Blend
50$599,000$599,000$599,000$599,000
51$667,178$635,431$626,147$712,191
52$691,663$623,000$603,555$730,512
53$717,273$608,587$578,835$744,926
54$744,080$592,053$551,870$759,622
55$772,160$573,248$522,543$774,620
56$801,599$552,016$490,726$789,942
57$832,487$528,189$456,290$805,615
58$864,923$501,593$419,098$821,668
59$899,014$472,040$379,007$838,135
60$934,877$439,334$335,868$855,055
61$972,640$403,266$289,525$872,470
62$1,012,440$363,617$239,815$890,430
63$1,054,429$320,154$186,568$908,992
64$1,098,770$272,631$129,607$928,220
65$1,145,642$220,787$68,747$948,184
66$1,195,242$164,350$3,794$968,966
67$1,247,782$103,029$0$990,658
68$1,303,496$36,518$0$1,022,451
69$1,362,639$0$0$1,056,525
70$1,425,489$0$0$1,098,765
71$1,492,352$0$0$1,150,558
72$1,563,561$0$0$1,205,735
73$1,639,481$0$0$1,264,581
74$1,720,512$0$0$1,327,409
75$1,807,094$0$0$1,394,561
76$1,899,707$0$0$1,466,414
77$1,998,877$0$0$1,543,378
78$2,105,182$0$0$1,625,905
79$2,219,257$0$0$1,714,491
80$2,341,797$0$0$1,809,679
81$2,473,565$0$0$1,912,065
82$2,615,401$0$0$2,022,306
83$2,768,224$0$0$2,141,121
84$2,933,045$0$0$2,269,299
85$3,110,976$0$0$2,407,710
86$3,303,236$0$0$2,557,308
87$3,511,168$0$0$2,719,141
88$3,736,246$0$0$2,894,362
89$3,980,090$0$0$3,084,238
90$4,244,482$0$0$3,290,164
91$4,531,383$0$0$3,513,670
92$4,842,948$0$0$3,756,444
93$5,181,547$0$0$4,020,338
94$5,549,789$0$0$4,307,393
95$5,950,543$0$0$4,619,853
96$6,386,966$0$0$4,960,186
97$6,862,533$0$0$5,331,110
98$7,381,066$0$0$5,735,615
99$7,946,774$0$0$6,176,993
100$8,564,289$0$0$6,658,866