Can I retire at age 51 with 534,000?

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 $534,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$44,097$43,704$43,321$42,947$42,582$42,331
2 years$21,830$21,424$21,030$20,648$20,277$20,024
3 years$14,409$14,001$13,608$13,229$12,865$12,617
4 years$10,699$10,292$9,903$9,531$9,175$8,935
5 years$8,474$8,069$7,685$7,321$6,975$6,743
6 years$6,991$6,589$6,211$5,854$5,519$5,296
7 years$5,932$5,533$5,161$4,813$4,488$4,274
8 years$5,138$4,743$4,377$4,038$3,724$3,518
9 years$4,521$4,130$3,770$3,439$3,136$2,939
10 years$4,027$3,640$3,287$2,965$2,672$2,483
11 years$3,624$3,241$2,894$2,580$2,298$2,118
12 years$3,288$2,909$2,568$2,263$1,991$1,819
13 years$3,004$2,629$2,294$1,998$1,736$1,572
14 years$2,761$2,389$2,061$1,774$1,522$1,366
15 years$2,550$2,183$1,861$1,582$1,340$1,192
16 years$2,366$2,003$1,687$1,416$1,184$1,043
17 years$2,204$1,844$1,536$1,272$1,050$916
18 years$2,059$1,704$1,402$1,147$934$807
19 years$1,931$1,579$1,283$1,036$832$712
20 years$1,815$1,468$1,178$938$743$630
21 years$1,710$1,367$1,083$852$665$558
22 years$1,615$1,276$998$774$596$495
23 years$1,529$1,194$922$705$535$440
24 years$1,450$1,118$853$643$481$391
25 years$1,377$1,049$790$587$433$348
26 years$1,310$986$732$537$390$310
27 years$1,248$928$680$492$352$277
28 years$1,190$875$632$450$317$247
29 years$1,137$825$588$413$286$220
30 years$1,087$779$548$379$259$197
31 years$1,041$737$511$348$234$176
32 years$997$697$477$320$212$157
33 years$956$660$445$294$192$141
34 years$918$626$416$271$173$126
35 years$882$593$389$249$157$113
36 years$848$563$364$230$142$101
37 years$816$535$340$211$129$91
38 years$786$508$319$195$117$81
39 years$757$483$299$180$106$73
40 years$730$460$280$166$96$65
41 years$704$438$262$153$87$58
42 years$680$417$246$141$79$52
43 years$657$397$231$130$72$47
44 years$634$379$217$120$65$42
45 years$613$361$204$111$59$38
46 years$593$344$191$103$54$34
47 years$574$329$180$95$49$30
48 years$556$314$169$88$44$27
49 years$538$300$159$81$40$24
50 years$521$286$149$75$37$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $534,000, adding $4,407 every year, while hoping to spend $31,528 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: 48/30/22 Blend
50$534,000$534,000$534,000$534,000
51$593,014$564,712$556,435$617,589
52$619,956$558,837$541,530$629,308
53$648,589$551,618$525,069$638,514
54$679,053$542,955$506,966$647,864
55$711,500$532,743$487,133$657,384
56$746,096$520,871$465,476$667,106
57$783,026$507,222$441,897$677,069
58$822,488$491,669$416,294$687,314
59$864,703$474,082$388,561$697,894
60$909,910$454,320$358,585$708,866
61$958,375$432,235$326,252$720,296
62$1,010,386$407,671$291,438$732,261
63$1,066,261$380,463$254,017$744,848
64$1,126,349$350,435$213,856$758,157
65$1,191,033$317,403$170,817$772,300
66$1,260,733$281,171$124,754$787,405
67$1,335,912$241,532$75,517$803,618
68$1,417,076$198,268$22,948$821,103
69$1,504,783$151,148$0$840,043
70$1,599,646$99,930$0$868,431
71$1,702,338$44,355$0$904,973
72$1,813,601$0$0$944,583
73$1,934,247$0$0$992,832
74$2,065,172$0$0$1,061,132
75$2,207,361$0$0$1,135,359
76$2,361,897$0$0$1,216,087
77$2,529,971$0$0$1,303,943
78$2,712,895$0$0$1,399,622
79$2,912,110$0$0$1,503,884
80$3,129,203$0$0$1,617,567
81$3,365,922$0$0$1,741,596
82$3,624,189$0$0$1,876,985
83$3,906,119$0$0$2,024,853
84$4,214,043$0$0$2,186,431
85$4,550,524$0$0$2,363,073
86$4,918,386$0$0$2,556,272
87$5,320,736$0$0$2,767,671
88$5,760,998$0$0$2,999,078
89$6,242,939$0$0$3,252,485
90$6,770,709$0$0$3,530,086
91$7,348,877$0$0$3,834,297
92$7,982,477$0$0$4,167,777
93$8,677,051$0$0$4,533,458
94$9,438,702$0$0$4,934,566
95$10,274,155$0$0$5,374,656
96$11,190,813$0$0$5,857,643
97$12,196,835$0$0$6,387,840
98$13,301,205$0$0$6,969,998
99$14,513,820$0$0$7,609,349
100$15,845,582$0$0$8,311,660