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%12.5%
1 years$49,713$49,270$48,838$48,416$48,004$47,503
2 years$24,610$24,152$23,708$23,277$22,859$22,354
3 years$16,244$15,784$15,340$14,914$14,503$14,010
4 years$12,061$11,603$11,164$10,745$10,344$9,867
5 years$9,553$9,097$8,664$8,253$7,863$7,404
6 years$7,881$7,428$7,002$6,600$6,222$5,780
7 years$6,687$6,238$5,818$5,426$5,060$4,636
8 years$5,792$5,347$4,934$4,552$4,198$3,792
9 years$5,096$4,656$4,250$3,877$3,535$3,148
10 years$4,540$4,104$3,705$3,342$3,012$2,642
11 years$4,085$3,653$3,262$2,909$2,590$2,238
12 years$3,707$3,279$2,895$2,551$2,245$1,909
13 years$3,386$2,963$2,586$2,252$1,958$1,639
14 years$3,112$2,694$2,324$1,999$1,716$1,413
15 years$2,875$2,461$2,098$1,783$1,511$1,224
16 years$2,667$2,258$1,902$1,597$1,335$1,064
17 years$2,484$2,079$1,731$1,435$1,184$927
18 years$2,322$1,921$1,580$1,293$1,053$810
19 years$2,177$1,781$1,447$1,168$938$709
20 years$2,046$1,655$1,328$1,058$838$622
21 years$1,928$1,541$1,221$960$750$547
22 years$1,821$1,439$1,125$873$672$481
23 years$1,723$1,346$1,039$795$604$424
24 years$1,634$1,261$961$725$542$374
25 years$1,552$1,183$890$662$488$330
26 years$1,476$1,112$826$606$440$291
27 years$1,407$1,046$767$554$396$258
28 years$1,342$986$713$508$358$228
29 years$1,282$930$663$466$323$202
30 years$1,225$878$618$427$292$179
31 years$1,173$830$576$393$264$158
32 years$1,124$786$537$361$239$140
33 years$1,078$744$502$332$216$124
34 years$1,035$705$469$305$196$110
35 years$994$669$438$281$177$98
36 years$956$635$410$259$160$87
37 years$920$603$384$238$145$77
38 years$886$573$359$220$132$68
39 years$854$545$337$203$120$61
40 years$823$518$316$187$108$54
41 years$794$494$296$172$98$48
42 years$766$470$278$159$89$42
43 years$740$448$260$147$81$38
44 years$715$427$244$136$74$34
45 years$691$407$230$125$67$30
46 years$669$388$216$116$61$26
47 years$647$371$203$107$55$24
48 years$626$354$190$99$50$21
49 years$607$338$179$91$45$19
50 years$588$323$168$84$41$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $602,000, adding $4,285 every year, while hoping to spend $26,738 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: 69/12/19 Blend
50$602,000$602,000$602,000$602,000
51$667,824$635,918$626,587$710,524
52$707,493$638,629$619,129$742,280
53$750,312$640,577$610,524$773,468
54$796,574$641,695$600,707$806,935
55$846,602$641,915$589,608$842,902
56$900,749$641,163$577,153$881,615
57$959,404$639,359$563,267$923,345
58$1,022,996$636,420$547,869$968,392
59$1,091,994$632,257$530,875$1,017,085
60$1,166,917$626,777$512,199$1,069,790
61$1,248,334$619,881$491,749$1,126,909
62$1,336,871$611,461$469,429$1,188,885
63$1,433,216$601,407$445,139$1,256,210
64$1,538,128$589,600$418,776$1,329,424
65$1,652,441$575,914$390,228$1,409,124
66$1,777,072$560,217$359,384$1,495,969
67$1,913,033$542,366$326,122$1,590,687
68$2,061,434$522,215$290,319$1,694,079
69$2,223,501$499,603$251,845$1,807,032
70$2,400,580$474,366$210,564$1,930,522
71$2,594,155$446,326$166,334$2,065,627
72$2,805,859$415,296$119,007$2,213,536
73$3,037,491$381,080$68,427$2,375,563
74$3,291,031$343,468$14,435$2,553,155
75$3,568,658$302,240$0$2,747,908
76$3,872,775$257,164$0$2,970,341
77$4,206,025$207,992$0$3,217,333
78$4,571,321$154,465$0$3,488,137
79$4,971,869$96,307$0$3,785,158
80$5,411,204$33,230$0$4,111,043
81$5,893,215$0$0$4,468,713
82$6,422,188$0$0$4,866,018
83$7,002,844$0$0$5,306,993
84$7,640,383$0$0$5,791,204
85$8,340,534$0$0$6,323,005
86$9,109,606$0$0$6,907,194
87$9,954,551$0$0$7,549,058
88$10,883,028$0$0$8,254,416
89$11,903,472$0$0$9,029,686
90$13,025,177$0$0$9,881,932
91$14,258,385$0$0$10,818,941
92$15,614,377$0$0$11,849,290
93$17,105,580$0$0$12,982,429
94$18,745,691$0$0$14,228,770
95$20,549,796$0$0$15,599,786
96$22,534,519$0$0$17,108,115
97$24,718,176$0$0$18,767,683
98$27,120,948$0$0$20,593,836
99$29,765,071$0$0$22,603,480
100$32,675,044$0$0$24,815,243