Can I retire at age 51 with 529,000?

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 $529,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$43,684$43,295$42,916$42,545$42,183$41,760
2 years$21,626$21,223$20,833$20,454$20,087$19,661
3 years$14,274$13,870$13,480$13,105$12,744$12,328
4 years$10,599$10,196$9,810$9,442$9,089$8,687
5 years$8,394$7,993$7,613$7,252$6,910$6,521
6 years$6,925$6,527$6,152$5,800$5,467$5,094
7 years$5,876$5,482$5,113$4,768$4,446$4,088
8 years$5,090$4,699$4,336$4,000$3,689$3,346
9 years$4,478$4,091$3,735$3,407$3,106$2,779
10 years$3,990$3,606$3,256$2,937$2,647$2,334
11 years$3,590$3,210$2,866$2,556$2,276$1,978
12 years$3,257$2,881$2,544$2,242$1,973$1,689
13 years$2,976$2,604$2,273$1,979$1,720$1,450
14 years$2,735$2,367$2,042$1,757$1,508$1,252
15 years$2,526$2,162$1,844$1,567$1,328$1,085
16 years$2,344$1,984$1,672$1,403$1,173$943
17 years$2,183$1,827$1,521$1,261$1,040$823
18 years$2,040$1,688$1,389$1,136$925$719
19 years$1,913$1,565$1,271$1,027$825$630
20 years$1,798$1,454$1,167$930$737$553
21 years$1,694$1,354$1,073$844$659$487
22 years$1,600$1,264$989$767$591$428
23 years$1,514$1,182$913$699$530$378
24 years$1,436$1,108$845$637$477$333
25 years$1,364$1,040$782$582$429$294
26 years$1,297$977$725$532$386$260
27 years$1,236$920$674$487$348$230
28 years$1,179$866$626$446$314$204
29 years$1,126$817$583$409$284$181
30 years$1,077$772$543$376$256$160
31 years$1,031$730$506$345$232$142
32 years$988$690$472$317$210$126
33 years$947$654$441$292$190$112
34 years$909$620$412$268$172$99
35 years$874$588$385$247$156$88
36 years$840$558$360$227$141$78
37 years$808$530$337$210$128$69
38 years$778$504$316$193$116$62
39 years$750$479$296$178$105$55
40 years$723$456$277$164$95$49
41 years$698$434$260$152$86$43
42 years$673$413$244$140$78$38
43 years$650$394$229$129$71$34
44 years$629$375$215$119$65$30
45 years$608$358$202$110$59$27
46 years$588$341$189$102$53$24
47 years$569$326$178$94$48$21
48 years$551$311$167$87$44$19
49 years$533$297$157$80$40$17
50 years$516$284$148$74$36$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $529,000, adding $4,133 every year, while hoping to spend $38,034 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: 45/42/13 Blend
50$529,000$529,000$529,000$529,000
51$587,221$559,184$550,985$611,294
52$606,650$546,116$528,975$615,383
53$626,786$531,133$504,953$615,629
54$647,660$514,101$478,811$615,058
55$669,308$494,879$450,438$613,608
56$691,764$473,315$419,714$611,215
57$715,068$449,251$386,519$607,812
58$739,261$422,520$350,723$603,327
59$764,385$392,944$312,192$597,688
60$790,489$360,334$270,787$590,815
61$817,621$324,493$226,360$582,625
62$845,836$285,210$178,761$573,034
63$875,190$242,265$127,828$561,950
64$905,745$195,422$73,397$549,278
65$937,568$144,434$15,292$534,919
66$970,729$89,040$0$518,769
67$1,005,304$28,964$0$507,198
68$1,041,376$0$0$496,298
69$1,079,034$0$0$500,531
70$1,118,373$0$0$518,950
71$1,159,497$0$0$538,220
72$1,202,518$0$0$558,396
73$1,247,556$0$0$579,536
74$1,294,744$0$0$601,703
75$1,344,222$0$0$624,969
76$1,396,146$0$0$649,406
77$1,450,683$0$0$675,098
78$1,508,015$0$0$702,134
79$1,568,339$0$0$730,609
80$1,631,871$0$0$760,630
81$1,698,846$0$0$792,312
82$1,769,519$0$0$825,779
83$1,844,168$0$0$861,168
84$1,923,098$0$0$898,629
85$2,006,639$0$0$938,323
86$2,095,154$0$0$980,430
87$2,189,039$0$0$1,025,142
88$2,288,725$0$0$1,072,674
89$2,394,686$0$0$1,123,258
90$2,507,439$0$0$1,177,148
91$2,627,551$0$0$1,234,623
92$2,755,641$0$0$1,295,989
93$2,892,389$0$0$1,361,580
94$3,038,539$0$0$1,431,764
95$3,194,907$0$0$1,506,943
96$3,362,387$0$0$1,587,558
97$3,541,960$0$0$1,674,093
98$3,734,703$0$0$1,767,080
99$3,941,797$0$0$1,867,102
100$4,164,538$0$0$1,974,798