Can I retire at age 51 with 600,000?

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 $600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$49,547$49,106$48,676$48,255$47,845$46,425
2 years$24,528$24,072$23,629$23,200$22,783$21,364
3 years$16,190$15,731$15,289$14,864$14,455$13,081
4 years$12,021$11,564$11,127$10,709$10,309$8,992
5 years$9,521$9,066$8,635$8,225$7,837$6,579
6 years$7,855$7,403$6,978$6,578$6,201$5,004
7 years$6,665$6,217$5,799$5,408$5,043$3,907
8 years$5,773$5,329$4,918$4,537$4,184$3,108
9 years$5,079$4,640$4,236$3,864$3,523$2,507
10 years$4,525$4,090$3,693$3,331$3,002$2,043
11 years$4,072$3,641$3,251$2,899$2,582$1,679
12 years$3,694$3,268$2,885$2,543$2,237$1,388
13 years$3,375$2,953$2,578$2,245$1,951$1,154
14 years$3,102$2,685$2,316$1,993$1,710$963
15 years$2,865$2,452$2,091$1,777$1,506$807
16 years$2,658$2,250$1,896$1,591$1,331$678
17 years$2,476$2,072$1,725$1,430$1,180$571
18 years$2,314$1,915$1,575$1,289$1,049$482
19 years$2,169$1,775$1,442$1,164$935$407
20 years$2,039$1,649$1,323$1,054$835$344
21 years$1,922$1,536$1,217$957$748$292
22 years$1,815$1,434$1,122$870$670$247
23 years$1,718$1,341$1,036$792$601$210
24 years$1,629$1,256$958$723$541$178
25 years$1,547$1,179$887$660$486$152
26 years$1,472$1,108$823$604$438$129
27 years$1,402$1,043$764$552$395$110
28 years$1,337$983$710$506$356$93
29 years$1,277$927$661$464$322$79
30 years$1,221$876$616$426$291$68
31 years$1,169$828$574$391$263$57
32 years$1,120$783$536$360$238$49
33 years$1,075$742$500$331$215$42
34 years$1,032$703$467$304$195$36
35 years$991$667$437$280$177$30
36 years$953$633$409$258$160$26
37 years$917$601$382$238$145$22
38 years$883$571$358$219$131$19
39 years$851$543$336$202$119$16
40 years$820$517$315$186$108$14
41 years$791$492$295$172$98$12
42 years$764$468$277$159$89$10
43 years$738$446$260$146$81$8
44 years$713$425$244$135$73$7
45 years$689$406$229$125$67$6
46 years$667$387$215$115$60$5
47 years$645$369$202$107$55$4
48 years$624$353$190$98$50$4
49 years$605$337$178$91$45$3
50 years$586$322$168$84$41$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $600,000, adding $3,369 every year, while hoping to spend $20,560 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: 26/44/30 Blend
50$600,000$600,000$600,000$600,000
51$664,675$632,875$623,575$675,690
52$710,596$642,010$622,589$694,232
53$760,512$650,904$620,881$712,149
54$814,809$659,523$618,405$730,958
55$873,911$667,831$615,113$750,748
56$938,285$675,789$610,954$771,621
57$1,008,445$683,358$605,876$793,687
58$1,084,956$690,493$599,823$817,072
59$1,168,442$697,147$592,737$841,915
60$1,259,587$703,271$584,558$868,371
61$1,359,146$708,813$575,222$896,611
62$1,467,949$713,714$564,662$926,826
63$1,586,910$717,917$552,808$959,230
64$1,717,036$721,356$539,588$994,058
65$1,859,435$723,963$524,926$1,031,574
66$2,015,327$725,667$508,741$1,072,069
67$2,186,057$726,391$490,950$1,115,866
68$2,373,103$726,054$471,466$1,163,326
69$2,578,097$724,567$450,197$1,214,846
70$2,802,833$721,841$427,048$1,270,869
71$3,049,287$717,777$401,920$1,331,886
72$3,319,638$712,271$374,707$1,398,441
73$3,616,283$705,214$345,302$1,471,136
74$3,941,864$696,490$313,590$1,550,639
75$4,299,291$685,975$279,452$1,637,691
76$4,691,769$673,538$242,765$1,733,110
77$5,122,830$659,042$203,397$1,837,805
78$5,596,362$642,339$161,215$1,952,780
79$6,116,652$623,274$116,076$2,079,149
80$6,688,419$601,683$67,833$2,218,141
81$7,316,864$577,392$16,332$2,371,118
82$8,007,716$550,216$0$2,539,589
83$8,767,289$519,962$0$2,737,584
84$9,602,535$486,423$0$2,960,964
85$10,521,118$449,382$0$3,206,592
86$11,531,478$408,608$0$3,476,777
87$12,642,917$363,858$0$3,774,074
88$13,865,683$314,875$0$4,101,298
89$15,211,066$261,388$0$4,461,559
90$16,691,508$203,109$0$4,858,289
91$18,320,715$139,734$0$5,295,274
92$20,113,791$70,945$0$5,776,694
93$22,087,379$0$0$6,307,161
94$24,259,815$0$0$6,893,504
95$26,651,305$0$0$7,576,905
96$29,284,111$0$0$8,329,391
97$32,182,767$0$0$9,157,989
98$35,374,303$0$0$10,070,443
99$38,888,507$0$0$11,075,285
100$42,758,198$0$0$12,181,917