Can I retire at age 51 with 602,000?

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 $602,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$49,713$49,270$48,838$48,416$48,004$47,287
2 years$24,610$24,152$23,708$23,277$22,859$22,138
3 years$16,244$15,784$15,340$14,914$14,503$13,800
4 years$12,061$11,603$11,164$10,745$10,344$9,665
5 years$9,553$9,097$8,664$8,253$7,863$7,211
6 years$7,881$7,428$7,002$6,600$6,222$5,596
7 years$6,687$6,238$5,818$5,426$5,060$4,461
8 years$5,792$5,347$4,934$4,552$4,198$3,626
9 years$5,096$4,656$4,250$3,877$3,535$2,990
10 years$4,540$4,104$3,705$3,342$3,012$2,493
11 years$4,085$3,653$3,262$2,909$2,590$2,098
12 years$3,707$3,279$2,895$2,551$2,245$1,777
13 years$3,386$2,963$2,586$2,252$1,958$1,514
14 years$3,112$2,694$2,324$1,999$1,716$1,296
15 years$2,875$2,461$2,098$1,783$1,511$1,114
16 years$2,667$2,258$1,902$1,597$1,335$961
17 years$2,484$2,079$1,731$1,435$1,184$831
18 years$2,322$1,921$1,580$1,293$1,053$720
19 years$2,177$1,781$1,447$1,168$938$626
20 years$2,046$1,655$1,328$1,058$838$545
21 years$1,928$1,541$1,221$960$750$475
22 years$1,821$1,439$1,125$873$672$414
23 years$1,723$1,346$1,039$795$604$362
24 years$1,634$1,261$961$725$542$316
25 years$1,552$1,183$890$662$488$277
26 years$1,476$1,112$826$606$440$242
27 years$1,407$1,046$767$554$396$212
28 years$1,342$986$713$508$358$186
29 years$1,282$930$663$466$323$163
30 years$1,225$878$618$427$292$143
31 years$1,173$830$576$393$264$126
32 years$1,124$786$537$361$239$111
33 years$1,078$744$502$332$216$97
34 years$1,035$705$469$305$196$85
35 years$994$669$438$281$177$75
36 years$956$635$410$259$160$66
37 years$920$603$384$238$145$58
38 years$886$573$359$220$132$51
39 years$854$545$337$203$120$45
40 years$823$518$316$187$108$39
41 years$794$494$296$172$98$35
42 years$766$470$278$159$89$31
43 years$740$448$260$147$81$27
44 years$715$427$244$136$74$24
45 years$691$407$230$125$67$21
46 years$669$388$216$116$61$18
47 years$647$371$203$107$55$16
48 years$626$354$190$99$50$14
49 years$607$338$179$91$45$12
50 years$588$323$168$84$41$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $602,000, adding $5,485 every year, while hoping to spend $44,674 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: 58/22/20 Blend
50$602,000$602,000$602,000$602,000
51$669,062$637,156$627,825$704,018
52$689,773$620,844$601,324$712,090
53$711,100$602,235$572,438$715,571
54$733,058$581,170$541,041$718,373
55$755,662$557,480$506,998$720,439
56$778,929$530,985$470,171$721,709
57$802,873$501,498$430,416$722,121
58$827,512$468,817$387,581$721,607
59$852,861$432,731$341,507$720,096
60$878,934$393,016$292,029$717,511
61$905,748$349,437$238,975$713,773
62$933,318$301,743$182,164$708,797
63$961,658$249,670$121,408$702,491
64$990,783$192,940$56,511$694,762
65$1,020,706$131,257$0$685,506
66$1,051,441$64,311$0$677,337
67$1,082,999$0$0$680,467
68$1,115,392$0$0$684,742
69$1,148,630$0$0$705,099
70$1,182,721$0$0$725,973
71$1,217,673$0$0$747,369
72$1,253,490$0$0$769,288
73$1,290,177$0$0$791,732
74$1,327,735$0$0$814,701
75$1,366,160$0$0$838,193
76$1,405,450$0$0$862,202
77$1,445,595$0$0$886,724
78$1,486,585$0$0$911,750
79$1,528,401$0$0$937,267
80$1,571,023$0$0$963,261
81$1,614,425$0$0$989,715
82$1,658,574$0$0$1,016,604
83$1,703,428$0$0$1,043,904
84$1,748,943$0$0$1,071,582
85$1,795,060$0$0$1,099,600
86$1,841,714$0$0$1,127,916
87$1,888,829$0$0$1,156,480
88$1,936,317$0$0$1,185,232
89$1,984,075$0$0$1,214,107
90$2,031,988$0$0$1,243,029
91$2,079,922$0$0$1,271,911
92$2,127,727$0$0$1,300,655
93$2,175,231$0$0$1,329,149
94$2,222,240$0$0$1,357,269
95$2,268,536$0$0$1,384,872
96$2,313,873$0$0$1,411,799
97$2,357,973$0$0$1,437,871
98$2,400,526$0$0$1,462,888
99$2,441,183$0$0$1,486,625
100$2,479,556$0$0$1,508,830