Can I retire at age 51 with 532,000?

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 $532,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$43,932$43,541$43,159$42,786$42,422$41,147
2 years$21,749$21,343$20,951$20,570$20,201$18,927
3 years$14,355$13,948$13,557$13,180$12,816$11,583
4 years$10,659$10,253$9,866$9,495$9,141$7,958
5 years$8,442$8,039$7,656$7,293$6,949$5,820
6 years$6,964$6,564$6,187$5,832$5,498$4,424
7 years$5,909$5,513$5,142$4,795$4,472$3,452
8 years$5,119$4,725$4,361$4,023$3,710$2,745
9 years$4,504$4,114$3,756$3,426$3,124$2,212
10 years$4,012$3,627$3,274$2,954$2,662$1,802
11 years$3,610$3,229$2,883$2,570$2,289$1,480
12 years$3,276$2,898$2,558$2,255$1,984$1,223
13 years$2,993$2,619$2,286$1,990$1,730$1,016
14 years$2,750$2,380$2,054$1,767$1,516$847
15 years$2,540$2,174$1,854$1,576$1,335$709
16 years$2,357$1,995$1,681$1,411$1,180$596
17 years$2,195$1,837$1,530$1,268$1,046$501
18 years$2,052$1,698$1,396$1,142$930$422
19 years$1,923$1,574$1,278$1,032$829$357
20 years$1,808$1,462$1,173$935$741$302
21 years$1,704$1,362$1,079$849$663$255
22 years$1,609$1,271$995$772$594$216
23 years$1,523$1,189$918$703$533$183
24 years$1,444$1,114$849$641$479$156
25 years$1,372$1,045$787$585$431$132
26 years$1,305$983$730$535$389$112
27 years$1,243$925$677$490$350$95
28 years$1,186$871$630$449$316$81
29 years$1,132$822$586$412$285$69
30 years$1,083$776$546$378$258$59
31 years$1,037$734$509$347$233$50
32 years$993$694$475$319$211$42
33 years$953$658$443$293$191$36
34 years$915$623$414$270$173$31
35 years$879$591$387$248$157$26
36 years$845$561$362$229$142$22
37 years$813$533$339$211$129$19
38 years$783$506$318$194$117$16
39 years$754$482$298$179$106$14
40 years$727$458$279$165$96$12
41 years$702$436$261$152$87$10
42 years$677$415$245$141$79$8
43 years$654$396$230$130$72$7
44 years$632$377$216$120$65$6
45 years$611$360$203$111$59$5
46 years$591$343$191$102$54$4
47 years$572$328$179$94$49$4
48 years$554$313$168$87$44$3
49 years$536$299$158$81$40$3
50 years$519$285$149$75$36$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $532,000, adding $6,625 every year, while hoping to spend $21,512 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: 43/44/13 Blend
50$532,000$532,000$532,000$532,000
51$593,098$564,902$556,656$616,094
52$630,705$569,693$552,415$637,630
53$671,427$573,999$547,311$658,279
54$715,560$577,771$541,293$680,176
55$763,426$580,962$534,306$703,445
56$815,384$583,517$526,293$728,224
57$871,825$585,381$517,196$754,665
58$933,182$586,495$506,953$782,936
59$999,928$586,795$495,497$813,224
60$1,072,586$586,214$482,762$845,737
61$1,151,732$584,680$468,677$880,705
62$1,237,997$582,118$453,166$918,383
63$1,332,079$578,448$436,153$959,053
64$1,434,742$573,583$417,555$1,003,028
65$1,546,831$567,434$397,289$1,050,654
66$1,669,274$559,905$375,264$1,102,316
67$1,803,094$550,893$351,389$1,158,438
68$1,949,415$540,293$325,566$1,219,492
69$2,109,476$527,988$297,693$1,285,997
70$2,284,642$513,859$267,665$1,358,530
71$2,476,415$497,777$235,372$1,437,730
72$2,686,449$479,608$200,696$1,524,303
73$2,916,566$459,208$163,519$1,619,029
74$3,168,772$436,426$123,713$1,722,772
75$3,445,277$411,100$81,147$1,836,488
76$3,748,513$383,063$35,684$1,961,233
77$4,081,162$352,133$0$2,098,176
78$4,446,176$318,123$0$2,250,387
79$4,846,806$280,832$0$2,422,913
80$5,286,635$240,047$0$2,612,399
81$5,769,608$195,546$0$2,820,609
82$6,300,073$147,092$0$3,049,496
83$6,882,816$94,435$0$3,301,213
84$7,523,114$37,313$0$3,578,137
85$8,226,777$0$0$3,882,894
86$9,000,207$0$0$4,230,270
87$9,850,457$0$0$4,632,081
88$10,785,298$0$0$5,073,941
89$11,813,291$0$0$5,559,907
90$12,943,867$0$0$6,094,447
91$14,187,420$0$0$6,682,484
92$15,555,398$0$0$7,329,443
93$17,060,417$0$0$8,041,300
94$18,716,377$0$0$8,824,640
95$20,538,592$0$0$9,686,719
96$22,543,937$0$0$10,635,533
97$24,751,006$0$0$11,679,889
98$27,180,284$0$0$12,829,495
99$29,854,346$0$0$14,095,047
100$32,798,065$0$0$15,488,328