Can I retire at age 51 with 604,000?

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 $604,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$49,878$49,433$49,000$48,577$48,164$46,697
2 years$24,692$24,232$23,786$23,354$22,935$21,470
3 years$16,298$15,836$15,391$14,963$14,551$13,133
4 years$12,102$11,641$11,201$10,780$10,378$9,019
5 years$9,584$9,127$8,692$8,280$7,889$6,592
6 years$7,907$7,453$7,025$6,622$6,242$5,008
7 years$6,709$6,259$5,838$5,444$5,077$3,906
8 years$5,811$5,365$4,951$4,567$4,212$3,103
9 years$5,113$4,671$4,264$3,890$3,547$2,500
10 years$4,555$4,117$3,718$3,353$3,022$2,035
11 years$4,099$3,665$3,273$2,918$2,599$1,670
12 years$3,719$3,290$2,905$2,560$2,252$1,379
13 years$3,398$2,973$2,595$2,260$1,964$1,145
14 years$3,122$2,702$2,332$2,006$1,722$954
15 years$2,884$2,469$2,105$1,789$1,516$798
16 years$2,676$2,265$1,909$1,602$1,340$670
17 years$2,492$2,086$1,737$1,439$1,188$563
18 years$2,329$1,928$1,585$1,297$1,056$474
19 years$2,184$1,786$1,451$1,172$941$400
20 years$2,053$1,660$1,332$1,062$841$338
21 years$1,934$1,546$1,225$963$753$286
22 years$1,827$1,443$1,129$876$675$242
23 years$1,729$1,350$1,043$798$606$205
24 years$1,640$1,265$964$728$544$174
25 years$1,557$1,187$893$664$490$148
26 years$1,481$1,116$828$608$441$125
27 years$1,411$1,050$769$556$398$106
28 years$1,346$989$715$510$359$90
29 years$1,286$933$665$467$324$77
30 years$1,229$881$620$429$293$65
31 years$1,177$833$578$394$265$55
32 years$1,128$788$539$362$239$47
33 years$1,082$747$503$333$217$40
34 years$1,038$708$470$306$196$34
35 years$998$671$440$282$178$29
36 years$959$637$411$260$161$25
37 years$923$605$385$239$146$21
38 years$889$575$361$220$132$18
39 years$856$547$338$203$120$15
40 years$826$520$317$188$109$13
41 years$797$495$297$173$99$11
42 years$769$472$278$160$90$9
43 years$743$449$261$147$81$8
44 years$718$428$245$136$74$7
45 years$694$408$230$126$67$6
46 years$671$390$216$116$61$5
47 years$649$372$203$107$55$4
48 years$629$355$191$99$50$4
49 years$609$339$180$92$46$3
50 years$590$324$169$85$41$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $604,000, adding $5,755 every year, while hoping to spend $32,058 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: 80/13/7 Blend
50$604,000$604,000$604,000$604,000
51$671,544$639,532$630,170$724,300
52$705,932$636,760$617,172$756,915
53$742,754$632,777$602,663$787,881
54$782,222$627,491$586,560$820,890
55$824,573$620,803$568,774$856,132
56$870,065$612,607$549,214$893,811
57$918,981$602,794$527,781$934,156
58$971,631$591,246$504,376$977,418
59$1,028,358$577,837$478,893$1,023,873
60$1,089,536$562,436$451,221$1,073,826
61$1,155,576$544,903$421,245$1,127,612
62$1,226,933$525,091$388,845$1,185,602
63$1,304,103$502,843$353,893$1,248,205
64$1,387,633$477,994$316,260$1,315,870
65$1,478,124$450,368$275,807$1,389,094
66$1,576,237$419,781$232,391$1,468,424
67$1,682,698$386,036$185,862$1,554,462
68$1,798,309$348,927$136,064$1,647,875
69$1,923,946$308,234$82,832$1,749,397
70$2,060,578$263,727$25,996$1,859,835
71$2,209,269$215,162$0$1,980,082
72$2,371,190$162,280$0$2,113,711
73$2,547,629$104,809$0$2,261,458
74$2,740,003$42,461$0$2,422,590
75$2,949,874$0$0$2,598,442
76$3,178,960$0$0$2,794,069
77$3,429,150$0$0$3,014,369
78$3,702,526$0$0$3,255,102
79$4,001,381$0$0$3,518,287
80$4,328,236$0$0$3,806,149
81$4,685,870$0$0$4,121,136
82$5,077,341$0$0$4,465,944
83$5,506,019$0$0$4,843,543
84$5,975,611$0$0$5,257,203
85$6,490,203$0$0$5,710,524
86$7,054,293$0$0$6,207,472
87$7,672,836$0$0$6,752,415
88$8,351,290$0$0$7,350,163
89$9,095,664$0$0$8,006,014
90$9,912,579$0$0$8,725,806
91$10,809,329$0$0$9,515,967
92$11,793,945$0$0$10,383,578
93$12,875,277$0$0$11,336,441
94$14,063,073$0$0$12,383,148
95$15,368,071$0$0$13,533,166
96$16,802,102$0$0$14,796,925
97$18,378,198$0$0$16,185,914
98$20,110,719$0$0$17,712,790
99$22,015,481$0$0$19,391,499
100$24,109,914$0$0$21,237,404