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%14.5%
1 years$49,547$49,106$48,676$48,255$47,845$46,956
2 years$24,528$24,072$23,629$23,200$22,783$21,891
3 years$16,190$15,731$15,289$14,864$14,455$13,587
4 years$12,021$11,564$11,127$10,709$10,309$9,472
5 years$9,521$9,066$8,635$8,225$7,837$7,034
6 years$7,855$7,403$6,978$6,578$6,201$5,432
7 years$6,665$6,217$5,799$5,408$5,043$4,309
8 years$5,773$5,329$4,918$4,537$4,184$3,484
9 years$5,079$4,640$4,236$3,864$3,523$2,858
10 years$4,525$4,090$3,693$3,331$3,002$2,370
11 years$4,072$3,641$3,251$2,899$2,582$1,982
12 years$3,694$3,268$2,885$2,543$2,237$1,670
13 years$3,375$2,953$2,578$2,245$1,951$1,414
14 years$3,102$2,685$2,316$1,993$1,710$1,204
15 years$2,865$2,452$2,091$1,777$1,506$1,028
16 years$2,658$2,250$1,896$1,591$1,331$881
17 years$2,476$2,072$1,725$1,430$1,180$757
18 years$2,314$1,915$1,575$1,289$1,049$652
19 years$2,169$1,775$1,442$1,164$935$563
20 years$2,039$1,649$1,323$1,054$835$486
21 years$1,922$1,536$1,217$957$748$421
22 years$1,815$1,434$1,122$870$670$365
23 years$1,718$1,341$1,036$792$601$316
24 years$1,629$1,256$958$723$541$275
25 years$1,547$1,179$887$660$486$239
26 years$1,472$1,108$823$604$438$208
27 years$1,402$1,043$764$552$395$181
28 years$1,337$983$710$506$356$157
29 years$1,277$927$661$464$322$137
30 years$1,221$876$616$426$291$119
31 years$1,169$828$574$391$263$104
32 years$1,120$783$536$360$238$91
33 years$1,075$742$500$331$215$79
34 years$1,032$703$467$304$195$69
35 years$991$667$437$280$177$60
36 years$953$633$409$258$160$52
37 years$917$601$382$238$145$46
38 years$883$571$358$219$131$40
39 years$851$543$336$202$119$35
40 years$820$517$315$186$108$30
41 years$791$492$295$172$98$27
42 years$764$468$277$159$89$23
43 years$738$446$260$146$81$20
44 years$713$425$244$135$73$18
45 years$689$406$229$125$67$15
46 years$667$387$215$115$60$13
47 years$645$369$202$107$55$12
48 years$624$353$190$98$50$10
49 years$605$337$178$91$45$9
50 years$586$322$168$84$41$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $600,000, adding $3,474 every year, while hoping to spend $33,074 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: 65/5/30 Blend
50$600,000$600,000$600,000$600,000
51$664,783$632,983$623,683$702,475
52$697,401$628,809$609,386$724,243
53$732,237$623,322$593,502$744,070
54$769,483$616,422$575,942$765,033
55$809,348$608,005$556,614$787,247
56$852,063$597,959$535,422$810,843
57$897,880$586,166$512,265$835,962
58$947,076$572,500$487,039$862,765
59$999,955$556,829$459,631$891,427
60$1,056,850$539,014$429,929$922,146
61$1,118,128$518,904$397,810$955,138
62$1,184,190$496,344$363,151$990,645
63$1,255,480$471,167$325,818$1,028,933
64$1,332,482$443,198$285,676$1,070,300
65$1,415,730$412,249$242,581$1,115,072
66$1,505,810$378,125$196,383$1,163,613
67$1,603,367$340,617$146,926$1,216,327
68$1,709,109$299,507$94,048$1,273,658
69$1,823,817$254,561$37,577$1,336,101
70$1,948,347$205,535$0$1,404,201
71$2,083,642$152,170$0$1,485,824
72$2,230,738$94,191$0$1,587,686
73$2,390,778$31,310$0$1,698,548
74$2,565,015$0$0$1,819,291
75$2,754,831$0$0$1,952,911
76$2,961,746$0$0$2,100,483
77$3,187,433$0$0$2,261,480
78$3,433,733$0$0$2,437,222
79$3,702,673$0$0$2,629,160
80$3,996,484$0$0$2,838,890
81$4,317,622$0$0$3,068,172
82$4,668,791$0$0$3,318,941
83$5,052,969$0$0$3,593,330
84$5,473,434$0$0$3,893,687
85$5,933,795$0$0$4,222,595
86$6,438,029$0$0$4,582,903
87$6,990,513$0$0$4,977,744
88$7,596,067$0$0$5,410,572
89$8,260,003$0$0$5,885,188
90$8,988,168$0$0$6,405,782
91$9,787,004$0$0$6,976,967
92$10,663,605$0$0$7,603,822
93$11,625,787$0$0$8,291,946
94$12,682,159$0$0$9,047,503
95$13,842,202$0$0$9,877,284
96$15,116,362$0$0$10,788,773
97$16,516,149$0$0$11,790,209
98$18,054,238$0$0$12,890,672
99$19,744,596$0$0$14,100,166
100$21,602,608$0$0$15,429,709