Can I retire at age 51 with 609,000?

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 $609,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$50,291$49,843$49,406$48,979$48,563$48,216
2 years$24,896$24,433$23,983$23,548$23,125$22,776
3 years$16,433$15,967$15,519$15,087$14,671$14,330
4 years$12,202$11,737$11,294$10,869$10,464$10,133
5 years$9,664$9,202$8,764$8,349$7,954$7,635
6 years$7,972$7,514$7,083$6,677$6,294$5,987
7 years$6,765$6,311$5,886$5,489$5,119$4,823
8 years$5,859$5,409$4,992$4,605$4,247$3,963
9 years$5,156$4,710$4,299$3,922$3,576$3,305
10 years$4,593$4,151$3,748$3,381$3,047$2,788
11 years$4,133$3,696$3,300$2,942$2,621$2,373
12 years$3,750$3,317$2,929$2,581$2,271$2,035
13 years$3,426$2,998$2,617$2,279$1,980$1,755
14 years$3,148$2,725$2,351$2,023$1,736$1,522
15 years$2,908$2,489$2,123$1,804$1,528$1,325
16 years$2,698$2,284$1,924$1,615$1,351$1,158
17 years$2,513$2,103$1,751$1,451$1,198$1,015
18 years$2,349$1,944$1,599$1,308$1,065$892
19 years$2,202$1,801$1,463$1,182$949$785
20 years$2,070$1,674$1,343$1,070$848$693
21 years$1,951$1,559$1,235$971$759$612
22 years$1,842$1,455$1,139$883$680$542
23 years$1,743$1,361$1,051$804$611$480
24 years$1,653$1,275$972$734$549$426
25 years$1,570$1,197$901$670$494$379
26 years$1,494$1,125$835$613$445$337
27 years$1,423$1,059$776$561$401$300
28 years$1,357$998$721$514$362$267
29 years$1,296$941$671$471$327$238
30 years$1,240$889$625$432$295$212
31 years$1,187$840$583$397$267$189
32 years$1,137$795$544$365$241$168
33 years$1,091$753$508$336$219$150
34 years$1,047$713$474$309$198$134
35 years$1,006$677$443$284$179$120
36 years$967$642$415$262$162$107
37 years$931$610$388$241$147$96
38 years$896$580$364$222$133$85
39 years$864$551$341$205$121$76
40 years$833$525$319$189$110$68
41 years$803$499$299$174$100$61
42 years$775$476$281$161$90$55
43 years$749$453$263$149$82$49
44 years$724$432$247$137$74$44
45 years$700$412$232$127$68$39
46 years$677$393$218$117$61$35
47 years$655$375$205$108$56$31
48 years$634$358$193$100$51$28
49 years$614$342$181$92$46$25
50 years$595$326$170$85$42$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $609,000, adding $6,485 every year, while hoping to spend $23,631 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: 46/32/22 Blend
50$609,000$609,000$609,000$609,000
51$677,807$645,530$636,091$704,446
52$721,800$652,018$632,257$730,280
53$769,489$658,032$627,502$755,447
54$821,225$663,523$621,771$782,271
55$877,395$668,441$615,006$810,916
56$938,425$672,730$607,144$841,566
57$1,004,783$676,333$598,123$874,426
58$1,076,986$679,188$587,874$909,720
59$1,155,599$681,229$576,329$947,697
60$1,241,246$682,385$563,412$988,633
61$1,334,614$682,584$549,048$1,032,835
62$1,436,459$681,745$533,155$1,080,640
63$1,547,613$679,784$515,650$1,132,424
64$1,668,989$676,614$496,445$1,188,599
65$1,801,597$672,139$475,447$1,249,625
66$1,946,546$666,260$452,560$1,316,008
67$2,105,057$658,870$427,684$1,388,309
68$2,278,475$649,857$400,713$1,467,148
69$2,468,281$639,101$371,538$1,553,212
70$2,676,105$626,476$340,044$1,647,257
71$2,903,743$611,849$306,111$1,750,122
72$3,153,172$595,077$269,613$1,862,734
73$3,426,570$576,010$230,420$1,986,117
74$3,726,336$554,490$188,395$2,121,401
75$4,055,111$530,349$143,395$2,269,838
76$4,415,805$503,409$95,271$2,432,809
77$4,811,622$473,481$43,868$2,611,840
78$5,246,093$440,367$0$2,808,616
79$5,723,106$403,856$0$3,027,580
80$6,246,944$363,727$0$3,279,366
81$6,822,327$319,744$0$3,555,978
82$7,454,452$271,659$0$3,859,967
83$8,149,045$219,210$0$4,194,148
84$8,912,416$162,119$0$4,561,625
85$9,751,513$100,093$0$4,965,823
86$10,673,994$32,825$0$5,410,520
87$11,688,295$0$0$5,899,881
88$12,803,710$0$0$6,452,592
89$14,030,478$0$0$7,073,273
90$15,379,881$0$0$7,756,082
91$16,864,350$0$0$8,507,320
92$18,497,580$0$0$9,333,928
93$20,294,660$0$0$10,243,554
94$22,272,219$0$0$11,244,625
95$24,448,574$0$0$12,346,426
96$26,843,913$0$0$13,559,189
97$29,480,475$0$0$14,894,187
98$32,382,770$0$0$16,363,841
99$35,577,799$0$0$17,981,839
100$39,095,320$0$0$19,763,263