Can I retire at age 51 with 618,000?

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 $618,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$51,034$50,579$50,136$49,703$49,280$49,073
2 years$25,264$24,794$24,338$23,896$23,467$23,257
3 years$16,676$16,203$15,748$15,310$14,888$14,683
4 years$12,382$11,911$11,461$11,030$10,618$10,419
5 years$9,807$9,338$8,894$8,472$8,072$7,880
6 years$8,090$7,625$7,188$6,775$6,387$6,202
7 years$6,865$6,404$5,973$5,570$5,194$5,016
8 years$5,946$5,489$5,066$4,673$4,309$4,138
9 years$5,232$4,779$4,363$3,980$3,629$3,465
10 years$4,661$4,213$3,804$3,431$3,092$2,935
11 years$4,194$3,750$3,349$2,986$2,659$2,509
12 years$3,805$3,366$2,972$2,619$2,305$2,161
13 years$3,476$3,042$2,655$2,312$2,010$1,872
14 years$3,195$2,765$2,386$2,053$1,762$1,631
15 years$2,951$2,526$2,154$1,831$1,551$1,426
16 years$2,738$2,318$1,953$1,639$1,371$1,252
17 years$2,550$2,134$1,777$1,473$1,215$1,103
18 years$2,383$1,972$1,622$1,327$1,081$974
19 years$2,234$1,828$1,485$1,199$963$862
20 years$2,100$1,699$1,363$1,086$860$764
21 years$1,979$1,582$1,254$986$770$679
22 years$1,869$1,477$1,155$896$690$604
23 years$1,769$1,381$1,067$816$620$538
24 years$1,678$1,294$987$744$557$480
25 years$1,593$1,215$914$680$501$429
26 years$1,516$1,141$848$622$451$383
27 years$1,444$1,074$787$569$407$343
28 years$1,377$1,012$732$521$367$307
29 years$1,316$955$681$478$332$275
30 years$1,258$902$634$439$300$247
31 years$1,204$853$591$403$271$221
32 years$1,154$807$552$370$245$198
33 years$1,107$764$515$341$222$178
34 years$1,062$724$481$313$201$160
35 years$1,021$687$450$288$182$144
36 years$982$652$421$266$165$129
37 years$944$619$394$245$149$116
38 years$909$588$369$226$135$104
39 years$876$559$346$208$123$94
40 years$845$532$324$192$111$84
41 years$815$507$304$177$101$76
42 years$787$483$285$163$92$68
43 years$760$460$267$151$83$61
44 years$734$438$251$139$76$55
45 years$710$418$236$129$69$50
46 years$687$399$221$119$62$45
47 years$664$380$208$110$57$40
48 years$643$363$195$101$51$36
49 years$623$347$184$94$47$33
50 years$603$331$173$87$42$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $618,000, adding $3,551 every year, while hoping to spend $38,697 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: 62/8/30 Blend
50$618,000$618,000$618,000$618,000
51$684,699$651,945$642,366$721,408
52$713,365$642,717$622,712$737,587
53$743,658$631,740$601,102$750,763
54$775,703$618,887$577,431$764,343
55$809,636$604,024$551,587$778,374
56$845,608$587,010$523,454$792,911
57$883,780$567,694$492,910$808,014
58$924,332$545,917$459,828$823,752
59$967,457$521,510$424,076$840,205
60$1,013,370$494,296$385,515$857,459
61$1,062,303$464,087$343,999$875,614
62$1,114,514$430,682$299,379$894,780
63$1,170,281$393,872$251,495$915,084
64$1,229,912$353,435$200,182$936,664
65$1,293,744$309,134$145,269$959,678
66$1,362,146$260,721$86,576$984,302
67$1,435,522$207,934$23,913$1,010,732
68$1,514,318$150,496$0$1,039,188
69$1,599,020$88,112$0$1,083,667
70$1,690,165$20,474$0$1,139,753
71$1,788,341$0$0$1,200,158
72$1,894,192$0$0$1,269,936
73$2,008,428$0$0$1,347,223
74$2,131,828$0$0$1,430,747
75$2,265,250$0$0$1,521,094
76$2,409,634$0$0$1,618,904
77$2,566,015$0$0$1,724,885
78$2,735,530$0$0$1,839,813
79$2,919,431$0$0$1,964,541
80$3,119,094$0$0$2,100,009
81$3,336,031$0$0$2,247,251
82$3,571,909$0$0$2,407,402
83$3,828,557$0$0$2,581,712
84$4,107,990$0$0$2,771,558
85$4,412,428$0$0$2,978,453
86$4,744,308$0$0$3,204,064
87$5,106,318$0$0$3,450,225
88$5,501,412$0$0$3,718,952
89$5,932,845$0$0$4,012,470
90$6,404,198$0$0$4,333,223
91$6,919,415$0$0$4,683,904
92$7,482,836$0$0$5,067,479
93$8,099,242$0$0$5,487,212
94$8,773,896$0$0$5,946,697
95$9,512,593$0$0$6,449,894
96$10,321,716$0$0$7,001,160
97$11,208,293$0$0$7,605,296
98$12,180,064$0$0$8,267,590
99$13,245,554$0$0$8,993,865
100$14,414,152$0$0$9,790,533