Can I retire at age 51 with 614,000?

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 $614,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$50,704$50,252$49,811$49,381$48,961$48,531
2 years$25,101$24,633$24,180$23,741$23,315$22,881
3 years$16,568$16,098$15,646$15,211$14,792$14,368
4 years$12,302$11,834$11,386$10,959$10,550$10,139
5 years$9,743$9,278$8,836$8,417$8,020$7,624
6 years$8,038$7,576$7,141$6,731$6,346$5,965
7 years$6,820$6,362$5,934$5,534$5,161$4,795
8 years$5,907$5,454$5,033$4,643$4,281$3,931
9 years$5,198$4,748$4,335$3,954$3,606$3,271
10 years$4,631$4,186$3,779$3,409$3,072$2,752
11 years$4,167$3,726$3,327$2,967$2,642$2,337
12 years$3,780$3,344$2,953$2,602$2,290$1,999
13 years$3,454$3,022$2,638$2,297$1,997$1,720
14 years$3,174$2,747$2,370$2,039$1,750$1,487
15 years$2,932$2,510$2,140$1,819$1,541$1,291
16 years$2,720$2,303$1,940$1,628$1,362$1,125
17 years$2,534$2,121$1,766$1,463$1,208$983
18 years$2,368$1,959$1,612$1,319$1,074$862
19 years$2,220$1,816$1,475$1,191$957$757
20 years$2,087$1,688$1,354$1,079$855$666
21 years$1,967$1,572$1,246$979$765$587
22 years$1,857$1,467$1,148$890$686$518
23 years$1,758$1,372$1,060$811$616$458
24 years$1,667$1,286$980$740$553$405
25 years$1,583$1,207$908$675$498$358
26 years$1,506$1,134$842$618$448$318
27 years$1,435$1,067$782$565$404$282
28 years$1,368$1,006$727$518$365$250
29 years$1,307$949$676$475$329$222
30 years$1,250$896$630$436$298$197
31 years$1,196$847$587$400$269$175
32 years$1,146$801$548$368$243$156
33 years$1,100$759$512$338$220$139
34 years$1,056$719$478$311$199$123
35 years$1,014$682$447$287$181$110
36 years$975$648$418$264$164$98
37 years$938$615$391$243$148$87
38 years$904$585$367$224$134$78
39 years$871$556$343$207$122$69
40 years$839$529$322$191$111$62
41 years$810$503$302$176$100$55
42 years$782$479$283$162$91$49
43 years$755$457$266$150$83$44
44 years$730$435$249$138$75$39
45 years$705$415$234$128$68$35
46 years$682$396$220$118$62$31
47 years$660$378$207$109$56$28
48 years$639$361$194$101$51$25
49 years$619$345$182$93$46$22
50 years$599$329$172$86$42$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $614,000, adding $3,841 every year, while hoping to spend $39,259 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: 62/9/29 Blend
50$614,000$614,000$614,000$614,000
51$680,590$648,048$638,531$717,259
52$708,239$638,031$618,151$732,634
53$737,392$626,208$595,771$744,831
54$768,162$612,447$571,286$757,321
55$800,670$596,613$544,579$770,141
56$835,050$578,559$515,534$783,333
57$871,447$558,130$484,027$796,944
58$910,020$535,164$449,927$811,030
59$950,943$509,488$413,100$825,651
60$994,405$480,918$373,405$840,877
61$1,040,614$449,263$330,693$856,790
62$1,089,796$414,316$284,812$873,477
63$1,142,201$375,864$235,599$891,041
64$1,198,101$333,676$182,886$909,595
65$1,257,793$287,512$126,499$929,268
66$1,321,605$237,117$66,253$950,205
67$1,389,894$182,221$1,958$972,567
68$1,463,053$122,540$0$996,537
69$1,541,514$57,774$0$1,042,942
70$1,625,748$0$0$1,093,374
71$1,716,275$0$0$1,148,776
72$1,813,663$0$0$1,214,564
73$1,918,538$0$0$1,285,444
74$2,031,587$0$0$1,361,884
75$2,153,564$0$0$1,444,399
76$2,285,297$0$0$1,533,554
77$2,427,697$0$0$1,629,970
78$2,581,765$0$0$1,734,330
79$2,748,601$0$0$1,847,385
80$2,929,414$0$0$1,969,961
81$3,125,534$0$0$2,102,965
82$3,338,424$0$0$2,247,395
83$3,569,693$0$0$2,404,351
84$3,821,109$0$0$2,575,038
85$4,094,621$0$0$2,760,788
86$4,392,369$0$0$2,963,061
87$4,716,710$0$0$3,183,468
88$5,070,238$0$0$3,423,778
89$5,455,807$0$0$3,685,942
90$5,876,559$0$0$3,972,103
91$6,335,952$0$0$4,284,625
92$6,837,793$0$0$4,626,105
93$7,386,272$0$0$4,999,407
94$7,986,003$0$0$5,407,680
95$8,642,066$0$0$5,854,396
96$9,360,054$0$0$6,343,372
97$10,146,127$0$0$6,878,817
98$11,007,067$0$0$7,465,363
99$11,950,342$0$0$8,108,111
100$12,984,180$0$0$8,812,679