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%16.6%
1 years$49,713$49,270$48,838$48,416$48,004$46,711
2 years$24,610$24,152$23,708$23,277$22,859$21,566
3 years$16,244$15,784$15,340$14,914$14,503$13,249
4 years$12,061$11,603$11,164$10,745$10,344$9,140
5 years$9,553$9,097$8,664$8,253$7,863$6,712
6 years$7,881$7,428$7,002$6,600$6,222$5,125
7 years$6,687$6,238$5,818$5,426$5,060$4,017
8 years$5,792$5,347$4,934$4,552$4,198$3,209
9 years$5,096$4,656$4,250$3,877$3,535$2,599
10 years$4,540$4,104$3,705$3,342$3,012$2,127
11 years$4,085$3,653$3,262$2,909$2,590$1,756
12 years$3,707$3,279$2,895$2,551$2,245$1,459
13 years$3,386$2,963$2,586$2,252$1,958$1,219
14 years$3,112$2,694$2,324$1,999$1,716$1,022
15 years$2,875$2,461$2,098$1,783$1,511$861
16 years$2,667$2,258$1,902$1,597$1,335$727
17 years$2,484$2,079$1,731$1,435$1,184$615
18 years$2,322$1,921$1,580$1,293$1,053$521
19 years$2,177$1,781$1,447$1,168$938$443
20 years$2,046$1,655$1,328$1,058$838$377
21 years$1,928$1,541$1,221$960$750$321
22 years$1,821$1,439$1,125$873$672$274
23 years$1,723$1,346$1,039$795$604$234
24 years$1,634$1,261$961$725$542$199
25 years$1,552$1,183$890$662$488$170
26 years$1,476$1,112$826$606$440$146
27 years$1,407$1,046$767$554$396$125
28 years$1,342$986$713$508$358$107
29 years$1,282$930$663$466$323$91
30 years$1,225$878$618$427$292$78
31 years$1,173$830$576$393$264$67
32 years$1,124$786$537$361$239$57
33 years$1,078$744$502$332$216$49
34 years$1,035$705$469$305$196$42
35 years$994$669$438$281$177$36
36 years$956$635$410$259$160$31
37 years$920$603$384$238$145$26
38 years$886$573$359$220$132$23
39 years$854$545$337$203$120$19
40 years$823$518$316$187$108$17
41 years$794$494$296$172$98$14
42 years$766$470$278$159$89$12
43 years$740$448$260$147$81$11
44 years$715$427$244$136$74$9
45 years$691$407$230$125$67$8
46 years$669$388$216$116$61$7
47 years$647$371$203$107$55$6
48 years$626$354$190$99$50$5
49 years$607$338$179$91$45$4
50 years$588$323$168$84$41$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $602,000, adding $6,305 every year, while hoping to spend $22,228 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: 53/29/18 Blend
50$602,000$602,000$602,000$602,000
51$669,908$638,002$628,671$701,821
52$714,588$645,613$626,081$731,991
53$763,080$652,853$622,659$761,935
54$815,751$659,679$618,354$794,030
55$873,001$666,047$613,112$828,489
56$935,273$671,909$606,878$865,543
57$1,003,053$677,215$599,590$905,452
58$1,076,877$681,911$591,189$948,500
59$1,157,333$685,939$581,609$995,002
60$1,245,071$689,240$570,783$1,045,305
61$1,340,803$691,748$558,639$1,099,792
62$1,445,315$693,393$545,103$1,158,889
63$1,559,471$694,103$530,098$1,223,063
64$1,684,223$693,801$513,542$1,292,832
65$1,820,619$692,402$495,351$1,368,766
66$1,969,812$689,820$475,436$1,451,497
67$2,133,073$685,961$453,703$1,541,720
68$2,311,801$680,728$430,056$1,640,204
69$2,507,535$674,014$404,393$1,747,799
70$2,721,972$665,708$376,609$1,865,441
71$2,956,979$655,694$346,591$1,994,166
72$3,214,614$643,846$314,225$2,135,115
73$3,497,142$630,033$279,390$2,289,549
74$3,807,060$614,114$241,958$2,458,859
75$4,147,115$595,940$201,799$2,644,582
76$4,520,336$575,356$158,774$2,848,412
77$4,930,057$552,195$112,740$3,072,221
78$5,379,951$526,282$63,545$3,318,072
79$5,874,067$497,430$11,034$3,588,243
80$6,416,861$465,443$0$3,885,248
81$7,013,244$430,113$0$4,220,505
82$7,668,628$391,221$0$4,591,252
83$8,388,971$348,535$0$4,998,779
84$9,180,841$301,808$0$5,446,846
85$10,051,472$250,782$0$5,939,600
86$11,008,834$195,182$0$6,481,611
87$12,061,709$134,720$0$7,077,921
88$13,219,771$69,089$0$7,734,087
89$14,493,680$0$0$8,456,236
90$15,895,181$0$0$9,251,773
91$17,437,214$0$0$10,151,405
92$19,134,037$0$0$11,141,413
93$21,001,361$0$0$12,230,971
94$23,056,494$0$0$13,430,187
95$25,318,510$0$0$14,750,200
96$27,808,425$0$0$16,203,284
97$30,549,395$0$0$17,802,962
98$33,566,936$0$0$19,564,136
99$36,889,164$0$0$21,503,226
100$40,547,059$0$0$23,638,325