Can I retire at age 51 with 603,000?

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 $603,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$49,795$49,352$48,919$48,497$48,084$47,542
2 years$24,651$24,192$23,747$23,316$22,897$22,352
3 years$16,271$15,810$15,366$14,939$14,527$13,995
4 years$12,081$11,622$11,182$10,762$10,361$9,846
5 years$9,569$9,112$8,678$8,267$7,876$7,380
6 years$7,894$7,440$7,013$6,611$6,232$5,756
7 years$6,698$6,248$5,828$5,435$5,068$4,612
8 years$5,802$5,356$4,943$4,559$4,205$3,768
9 years$5,105$4,663$4,257$3,884$3,541$3,124
10 years$4,548$4,111$3,711$3,348$3,017$2,619
11 years$4,092$3,659$3,267$2,913$2,595$2,215
12 years$3,713$3,284$2,900$2,556$2,249$1,888
13 years$3,392$2,968$2,591$2,256$1,961$1,618
14 years$3,117$2,698$2,328$2,003$1,719$1,394
15 years$2,879$2,465$2,102$1,786$1,513$1,205
16 years$2,672$2,261$1,905$1,599$1,338$1,046
17 years$2,488$2,083$1,734$1,437$1,186$910
18 years$2,326$1,924$1,583$1,295$1,054$794
19 years$2,180$1,783$1,449$1,170$940$694
20 years$2,049$1,657$1,330$1,060$840$608
21 years$1,931$1,544$1,223$962$751$534
22 years$1,824$1,441$1,127$874$673$469
23 years$1,726$1,348$1,041$796$605$412
24 years$1,637$1,263$963$726$543$363
25 years$1,555$1,185$892$663$489$320
26 years$1,479$1,114$827$607$440$282
27 years$1,409$1,048$768$555$397$249
28 years$1,344$988$714$509$358$220
29 years$1,284$932$664$466$324$194
30 years$1,227$880$619$428$292$172
31 years$1,175$832$577$393$264$152
32 years$1,126$787$538$361$239$135
33 years$1,080$745$503$332$216$119
34 years$1,037$706$470$306$196$105
35 years$996$670$439$281$177$93
36 years$958$636$411$259$161$83
37 years$922$604$384$239$146$73
38 years$887$574$360$220$132$65
39 years$855$546$337$203$120$58
40 years$824$519$316$187$109$51
41 years$795$494$296$173$99$45
42 years$768$471$278$159$89$40
43 years$741$449$261$147$81$36
44 years$716$428$245$136$74$32
45 years$693$408$230$125$67$28
46 years$670$389$216$116$61$25
47 years$648$371$203$107$55$22
48 years$628$354$191$99$50$19
49 years$608$338$179$91$45$17
50 years$589$323$168$85$41$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $603,000, adding $3,783 every year, while hoping to spend $26,196 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: 47/37/16 Blend
50$603,000$603,000$603,000$603,000
51$668,408$636,449$627,103$696,639
52$708,713$639,763$620,238$719,936
53$752,252$642,361$612,266$742,239
54$799,326$644,181$603,121$765,879
55$850,267$645,155$592,735$790,991
56$905,440$645,214$581,038$817,725
57$965,248$644,282$567,955$846,247
58$1,030,130$642,279$553,409$876,743
59$1,100,573$639,120$537,318$909,417
60$1,177,110$634,716$519,597$944,497
61$1,260,328$628,970$500,157$982,235
62$1,350,875$621,783$478,905$1,022,911
63$1,449,460$613,046$455,743$1,066,837
64$1,556,865$602,646$430,572$1,114,355
65$1,673,952$590,462$403,282$1,165,849
66$1,801,668$576,367$373,765$1,221,741
67$1,941,056$560,227$341,904$1,282,499
68$2,093,263$541,898$307,577$1,348,642
69$2,259,553$521,228$270,658$1,420,746
70$2,441,317$498,058$231,015$1,499,447
71$2,640,087$472,218$188,510$1,585,450
72$2,857,549$443,530$142,997$1,679,534
73$3,095,559$411,803$94,328$1,782,563
74$3,356,162$376,837$42,344$1,895,493
75$3,641,610$338,422$0$2,019,381
76$3,954,381$296,332$0$2,157,636
77$4,297,208$250,331$0$2,317,172
78$4,673,096$200,170$0$2,492,211
79$5,085,358$145,585$0$2,684,368
80$5,537,642$86,297$0$2,895,422
81$6,033,967$22,011$0$3,127,341
82$6,578,760$0$0$3,382,296
83$7,176,894$0$0$3,682,059
84$7,833,743$0$0$4,021,160
85$8,555,221$0$0$4,393,701
86$9,347,846$0$0$4,803,055
87$10,218,800$0$0$5,252,942
88$11,175,990$0$0$5,747,456
89$12,228,133$0$0$6,291,110
90$13,384,829$0$0$6,888,876
91$14,656,654$0$0$7,546,230
92$16,055,262$0$0$8,269,206
93$17,593,493$0$0$9,064,454
94$19,285,492$0$0$9,939,299
95$21,146,846$0$0$10,901,811
96$23,194,725$0$0$11,960,884
97$25,448,052$0$0$13,126,315
98$27,927,673$0$0$14,408,901
99$30,656,559$0$0$15,820,538
100$33,660,019$0$0$17,374,332