Can I retire at age 51 with 531,000?

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 $531,000?

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$43,849$43,459$43,078$42,706$42,343$41,970
2 years$21,708$21,303$20,912$20,532$20,163$19,788
3 years$14,328$13,922$13,531$13,155$12,792$12,426
4 years$10,639$10,234$9,847$9,477$9,124$8,769
5 years$8,426$8,024$7,642$7,279$6,936$6,593
6 years$6,951$6,552$6,176$5,821$5,488$5,159
7 years$5,898$5,502$5,132$4,786$4,463$4,147
8 years$5,109$4,716$4,352$4,015$3,703$3,400
9 years$4,495$4,107$3,749$3,420$3,118$2,829
10 years$4,005$3,620$3,268$2,948$2,657$2,380
11 years$3,603$3,222$2,877$2,566$2,285$2,021
12 years$3,269$2,892$2,554$2,250$1,980$1,729
13 years$2,987$2,614$2,281$1,987$1,727$1,487
14 years$2,745$2,376$2,050$1,764$1,514$1,286
15 years$2,536$2,170$1,851$1,573$1,333$1,117
16 years$2,353$1,991$1,678$1,408$1,178$973
17 years$2,191$1,834$1,527$1,265$1,044$851
18 years$2,048$1,695$1,394$1,140$929$745
19 years$1,920$1,571$1,276$1,030$828$654
20 years$1,805$1,459$1,171$933$739$576
21 years$1,701$1,359$1,077$847$662$507
22 years$1,606$1,269$993$770$593$448
23 years$1,520$1,187$917$701$532$396
24 years$1,441$1,112$848$640$478$350
25 years$1,369$1,044$785$584$431$310
26 years$1,302$981$728$534$388$275
27 years$1,241$923$676$489$350$244
28 years$1,183$870$629$448$315$216
29 years$1,130$821$585$411$285$192
30 years$1,081$775$545$377$257$171
31 years$1,035$733$508$346$233$152
32 years$991$693$474$318$211$135
33 years$951$656$443$293$191$120
34 years$913$622$413$269$172$107
35 years$877$590$387$248$156$95
36 years$843$560$362$228$142$85
37 years$812$532$338$210$128$75
38 years$781$506$317$194$116$67
39 years$753$481$297$179$105$60
40 years$726$457$278$165$96$53
41 years$700$435$261$152$87$47
42 years$676$415$245$140$79$42
43 years$653$395$230$130$71$38
44 years$631$377$216$120$65$34
45 years$610$359$202$110$59$30
46 years$590$343$190$102$53$27
47 years$571$327$179$94$49$24
48 years$553$312$168$87$44$21
49 years$535$298$158$81$40$19
50 years$518$285$148$74$36$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $531,000, adding $6,152 every year, while hoping to spend $25,903 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: 72/21/7 Blend
50$531,000$531,000$531,000$531,000
51$591,508$563,365$555,134$633,045
52$624,281$563,409$546,171$661,328
53$659,529$562,587$536,039$688,456
54$697,477$560,830$524,672$717,433
55$738,371$558,063$512,000$748,433
56$782,484$554,207$497,951$781,650
57$830,114$549,179$482,449$817,297
58$881,588$542,892$465,414$855,609
59$937,267$535,250$446,762$896,844
60$997,547$526,156$426,407$941,289
61$1,062,862$515,503$404,257$989,260
62$1,133,692$503,181$380,218$1,041,104
63$1,210,563$489,071$354,189$1,097,207
64$1,294,053$473,048$326,067$1,157,992
65$1,384,800$454,981$295,744$1,223,929
66$1,483,503$434,729$263,105$1,295,534
67$1,590,935$412,145$228,033$1,373,377
68$1,707,942$387,071$190,404$1,458,088
69$1,835,457$359,343$150,088$1,550,362
70$1,974,508$328,786$106,951$1,650,965
71$2,126,226$295,214$60,851$1,760,744
72$2,291,853$258,431$11,642$1,880,631
73$2,472,760$218,233$0$2,011,658
74$2,670,455$174,399$0$2,158,013
75$2,886,597$126,700$0$2,319,024
76$3,123,013$74,892$0$2,495,218
77$3,381,717$18,718$0$2,688,134
78$3,664,923$0$0$2,899,471
79$3,975,072$0$0$3,140,828
80$4,314,850$0$0$3,410,008
81$4,687,217$0$0$3,705,031
82$5,095,431$0$0$4,028,484
83$5,543,081$0$0$4,383,213
84$6,034,122$0$0$4,772,355
85$6,572,906$0$0$5,199,364
86$7,164,230$0$0$5,668,046
87$7,813,378$0$0$6,182,590
88$8,526,168$0$0$6,747,615
89$9,309,011$0$0$7,368,207
90$10,168,969$0$0$8,049,967
91$11,113,821$0$0$8,799,068
92$12,152,139$0$0$9,622,310
93$13,293,363$0$0$10,527,182
94$14,547,896$0$0$11,521,939
95$15,927,197$0$0$12,615,672
96$17,443,893$0$0$13,818,399
97$19,111,893$0$0$15,141,155
98$20,946,524$0$0$16,596,101
99$22,964,672$0$0$18,196,634
100$25,184,942$0$0$19,957,514