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%13.3%
1 years$43,684$43,295$42,916$42,545$42,183$41,604
2 years$21,626$21,223$20,833$20,454$20,087$19,505
3 years$14,274$13,870$13,480$13,105$12,744$12,177
4 years$10,599$10,196$9,810$9,442$9,089$8,541
5 years$8,394$7,993$7,613$7,252$6,910$6,382
6 years$6,925$6,527$6,152$5,800$5,467$4,961
7 years$5,876$5,482$5,113$4,768$4,446$3,962
8 years$5,090$4,699$4,336$4,000$3,689$3,226
9 years$4,478$4,091$3,735$3,407$3,106$2,665
10 years$3,990$3,606$3,256$2,937$2,647$2,226
11 years$3,590$3,210$2,866$2,556$2,276$1,876
12 years$3,257$2,881$2,544$2,242$1,973$1,593
13 years$2,976$2,604$2,273$1,979$1,720$1,360
14 years$2,735$2,367$2,042$1,757$1,508$1,166
15 years$2,526$2,162$1,844$1,567$1,328$1,005
16 years$2,344$1,984$1,672$1,403$1,173$868
17 years$2,183$1,827$1,521$1,261$1,040$752
18 years$2,040$1,688$1,389$1,136$925$654
19 years$1,913$1,565$1,271$1,027$825$569
20 years$1,798$1,454$1,167$930$737$496
21 years$1,694$1,354$1,073$844$659$433
22 years$1,600$1,264$989$767$591$379
23 years$1,514$1,182$913$699$530$332
24 years$1,436$1,108$845$637$477$291
25 years$1,364$1,040$782$582$429$255
26 years$1,297$977$725$532$386$224
27 years$1,236$920$674$487$348$197
28 years$1,179$866$626$446$314$173
29 years$1,126$817$583$409$284$152
30 years$1,077$772$543$376$256$134
31 years$1,031$730$506$345$232$118
32 years$988$690$472$317$210$104
33 years$947$654$441$292$190$91
34 years$909$620$412$268$172$80
35 years$874$588$385$247$156$71
36 years$840$558$360$227$141$62
37 years$808$530$337$210$128$55
38 years$778$504$316$193$116$49
39 years$750$479$296$178$105$43
40 years$723$456$277$164$95$38
41 years$698$434$260$152$86$33
42 years$673$413$244$140$78$29
43 years$650$394$229$129$71$26
44 years$629$375$215$119$65$23
45 years$608$358$202$110$59$20
46 years$588$341$189$102$53$18
47 years$569$326$178$94$48$16
48 years$551$311$167$87$44$14
49 years$533$297$157$80$40$12
50 years$516$284$148$74$36$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $529,000, adding $2,477 every year, while hoping to spend $36,582 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: 53/24/23 Blend
50$529,000$529,000$529,000$529,000
51$585,513$557,476$549,277$612,703
52$606,312$545,869$528,754$620,100
53$628,007$532,468$506,319$624,154
54$650,650$517,145$481,866$627,802
55$674,298$499,767$455,291$631,018
56$699,013$480,192$426,479$633,774
57$724,860$458,269$395,314$636,046
58$751,912$433,841$361,674$637,804
59$780,247$406,738$325,429$639,023
60$809,948$376,785$286,447$639,675
61$841,108$343,792$244,588$639,734
62$873,825$307,562$199,706$639,171
63$908,207$267,885$151,648$637,963
64$944,372$224,538$100,256$636,083
65$982,446$177,289$45,363$633,508
66$1,022,570$125,890$0$630,215
67$1,064,893$70,080$0$629,429
68$1,109,580$9,583$0$639,978
69$1,156,812$0$0$650,749
70$1,206,785$0$0$676,542
71$1,259,712$0$0$706,563
72$1,315,827$0$0$738,418
73$1,375,386$0$0$772,256
74$1,438,669$0$0$808,239
75$1,505,981$0$0$846,544
76$1,577,656$0$0$887,366
77$1,654,061$0$0$930,918
78$1,735,598$0$0$977,433
79$1,822,705$0$0$1,027,166
80$1,915,864$0$0$1,080,399
81$2,015,604$0$0$1,137,437
82$2,122,503$0$0$1,198,619
83$2,237,198$0$0$1,264,315
84$2,360,384$0$0$1,334,929
85$2,492,828$0$0$1,410,908
86$2,635,369$0$0$1,492,742
87$2,788,930$0$0$1,580,967
88$2,954,523$0$0$1,676,173
89$3,133,263$0$0$1,779,010
90$3,326,372$0$0$1,890,191
91$3,535,193$0$0$2,010,498
92$3,761,204$0$0$2,140,792
93$4,006,029$0$0$2,282,022
94$4,271,454$0$0$2,435,227
95$4,559,442$0$0$2,601,553
96$4,872,151$0$0$2,782,259
97$5,211,958$0$0$2,978,730
98$5,581,475$0$0$3,192,491
99$5,983,577$0$0$3,425,219
100$6,421,425$0$0$3,678,758