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%15.2%
1 years$49,713$49,270$48,838$48,416$48,004$46,977
2 years$24,610$24,152$23,708$23,277$22,859$21,830
3 years$16,244$15,784$15,340$14,914$14,503$13,503
4 years$12,061$11,603$11,164$10,745$10,344$9,381
5 years$9,553$9,097$8,664$8,253$7,863$6,940
6 years$7,881$7,428$7,002$6,600$6,222$5,340
7 years$6,687$6,238$5,818$5,426$5,060$4,219
8 years$5,792$5,347$4,934$4,552$4,198$3,397
9 years$5,096$4,656$4,250$3,877$3,535$2,775
10 years$4,540$4,104$3,705$3,342$3,012$2,291
11 years$4,085$3,653$3,262$2,909$2,590$1,908
12 years$3,707$3,279$2,895$2,551$2,245$1,600
13 years$3,386$2,963$2,586$2,252$1,958$1,349
14 years$3,112$2,694$2,324$1,999$1,716$1,143
15 years$2,875$2,461$2,098$1,783$1,511$971
16 years$2,667$2,258$1,902$1,597$1,335$828
17 years$2,484$2,079$1,731$1,435$1,184$708
18 years$2,322$1,921$1,580$1,293$1,053$607
19 years$2,177$1,781$1,447$1,168$938$521
20 years$2,046$1,655$1,328$1,058$838$448
21 years$1,928$1,541$1,221$960$750$386
22 years$1,821$1,439$1,125$873$672$332
23 years$1,723$1,346$1,039$795$604$287
24 years$1,634$1,261$961$725$542$248
25 years$1,552$1,183$890$662$488$214
26 years$1,476$1,112$826$606$440$185
27 years$1,407$1,046$767$554$396$160
28 years$1,342$986$713$508$358$138
29 years$1,282$930$663$466$323$120
30 years$1,225$878$618$427$292$104
31 years$1,173$830$576$393$264$90
32 years$1,124$786$537$361$239$78
33 years$1,078$744$502$332$216$68
34 years$1,035$705$469$305$196$59
35 years$994$669$438$281$177$51
36 years$956$635$410$259$160$44
37 years$920$603$384$238$145$38
38 years$886$573$359$220$132$33
39 years$854$545$337$203$120$29
40 years$823$518$316$187$108$25
41 years$794$494$296$172$98$22
42 years$766$470$278$159$89$19
43 years$740$448$260$147$81$16
44 years$715$427$244$136$74$14
45 years$691$407$230$125$67$12
46 years$669$388$216$116$61$11
47 years$647$371$203$107$55$9
48 years$626$354$190$99$50$8
49 years$607$338$179$91$45$7
50 years$588$323$168$84$41$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $602,000, adding $4,281 every year, while hoping to spend $33,437 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: 59/26/15 Blend
50$602,000$602,000$602,000$602,000
51$667,820$635,914$626,583$704,434
52$700,361$631,497$611,997$725,243
53$735,100$625,743$595,801$743,837
54$772,227$618,551$577,907$763,331
55$811,949$609,814$558,221$783,815
56$854,492$599,419$536,646$805,392
57$900,105$587,247$513,079$828,174
58$949,063$573,169$487,415$852,290
59$1,001,665$557,051$459,540$877,878
60$1,058,239$538,751$429,339$905,097
61$1,119,148$518,119$396,691$934,122
62$1,184,788$494,994$361,467$965,148
63$1,255,596$469,207$323,535$998,391
64$1,332,049$440,581$282,756$1,034,093
65$1,414,674$408,926$238,985$1,072,522
66$1,504,051$374,043$192,070$1,113,977
67$1,600,813$335,720$141,854$1,158,788
68$1,705,661$293,735$88,171$1,207,324
69$1,819,363$247,853$30,849$1,259,993
70$1,942,763$197,823$0$1,317,250
71$2,076,792$143,383$0$1,384,452
72$2,222,472$84,256$0$1,462,888
73$2,380,927$20,148$0$1,548,267
74$2,553,395$0$0$1,641,308
75$2,741,238$0$0$1,756,900
76$2,945,954$0$0$1,889,202
77$3,169,191$0$0$2,033,521
78$3,412,766$0$0$2,191,037
79$3,678,675$0$0$2,363,048
80$3,969,118$0$0$2,550,982
81$4,286,515$0$0$2,756,413
82$4,633,532$0$0$2,981,073
83$5,013,103$0$0$3,226,869
84$5,428,459$0$0$3,495,900
85$5,883,159$0$0$3,790,479
86$6,381,119$0$0$4,113,151
87$6,926,654$0$0$4,466,722
88$7,524,516$0$0$4,854,279
89$8,179,936$0$0$5,279,223
90$8,898,680$0$0$5,745,301
91$9,687,093$0$0$6,256,637
92$10,552,168$0$0$6,817,778
93$11,501,606$0$0$7,433,728
94$12,543,889$0$0$8,110,002
95$13,688,363$0$0$8,852,673
96$14,945,321$0$0$9,668,435
97$16,326,102$0$0$10,564,656
98$17,843,198$0$0$11,549,459
99$19,510,370$0$0$12,631,788
100$21,342,780$0$0$13,821,500