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%11.9%
1 years$44,097$43,704$43,321$42,947$42,582$42,243
2 years$21,830$21,424$21,030$20,648$20,277$19,935
3 years$14,409$14,001$13,608$13,229$12,865$12,531
4 years$10,699$10,292$9,903$9,531$9,175$8,852
5 years$8,474$8,069$7,685$7,321$6,975$6,663
6 years$6,991$6,589$6,211$5,854$5,519$5,219
7 years$5,932$5,533$5,161$4,813$4,488$4,200
8 years$5,138$4,743$4,377$4,038$3,724$3,447
9 years$4,521$4,130$3,770$3,439$3,136$2,871
10 years$4,027$3,640$3,287$2,965$2,672$2,419
11 years$3,624$3,241$2,894$2,580$2,298$2,056
12 years$3,288$2,909$2,568$2,263$1,991$1,761
13 years$3,004$2,629$2,294$1,998$1,736$1,517
14 years$2,761$2,389$2,061$1,774$1,522$1,314
15 years$2,550$2,183$1,861$1,582$1,340$1,142
16 years$2,366$2,003$1,687$1,416$1,184$997
17 years$2,204$1,844$1,536$1,272$1,050$872
18 years$2,059$1,704$1,402$1,147$934$765
19 years$1,931$1,579$1,283$1,036$832$673
20 years$1,815$1,468$1,178$938$743$593
21 years$1,710$1,367$1,083$852$665$523
22 years$1,615$1,276$998$774$596$463
23 years$1,529$1,194$922$705$535$409
24 years$1,450$1,118$853$643$481$363
25 years$1,377$1,049$790$587$433$322
26 years$1,310$986$732$537$390$286
27 years$1,248$928$680$492$352$254
28 years$1,190$875$632$450$317$225
29 years$1,137$825$588$413$286$201
30 years$1,087$779$548$379$259$178
31 years$1,041$737$511$348$234$159
32 years$997$697$477$320$212$142
33 years$956$660$445$294$192$126
34 years$918$626$416$271$173$112
35 years$882$593$389$249$157$100
36 years$848$563$364$230$142$89
37 years$816$535$340$211$129$80
38 years$786$508$319$195$117$71
39 years$757$483$299$180$106$63
40 years$730$460$280$166$96$57
41 years$704$438$262$153$87$51
42 years$680$417$246$141$79$45
43 years$657$397$231$130$72$40
44 years$634$379$217$120$65$36
45 years$613$361$204$111$59$32
46 years$593$344$191$103$54$29
47 years$574$329$180$95$49$26
48 years$556$314$169$88$44$23
49 years$538$300$159$81$40$20
50 years$521$286$149$75$37$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $534,000, adding $6,832 every year, while hoping to spend $35,808 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: 73/11/16 Blend
50$534,000$534,000$534,000$534,000
51$595,515$567,213$558,936$636,344
52$618,158$556,907$539,561$654,013
53$641,911$544,896$518,337$668,328
54$666,848$531,059$495,164$683,066
55$693,052$515,266$469,937$698,261
56$720,612$497,382$442,549$713,952
57$749,624$477,264$412,884$730,180
58$780,194$454,758$380,824$746,993
59$812,437$429,704$346,244$764,445
60$846,477$401,931$309,015$782,595
61$882,451$371,259$269,000$801,510
62$920,508$337,498$226,059$821,264
63$960,811$300,446$180,042$841,940
64$1,003,536$259,890$130,796$863,632
65$1,048,877$215,606$78,159$886,442
66$1,097,048$167,356$21,962$910,486
67$1,148,279$114,888$0$935,893
68$1,202,825$57,939$0$969,295
69$1,260,963$0$0$1,008,786
70$1,322,998$0$0$1,051,280
71$1,389,264$0$0$1,104,177
72$1,460,125$0$0$1,160,759
73$1,535,982$0$0$1,221,347
74$1,617,274$0$0$1,286,293
75$1,704,484$0$0$1,355,986
76$1,798,141$0$0$1,430,850
77$1,898,824$0$0$1,511,351
78$2,007,170$0$0$1,598,002
79$2,123,881$0$0$1,691,365
80$2,249,722$0$0$1,792,058
81$2,385,540$0$0$1,900,758
82$2,532,261$0$0$2,018,213
83$2,690,905$0$0$2,145,240
84$2,862,591$0$0$2,282,741
85$3,048,551$0$0$2,431,706
86$3,250,140$0$0$2,593,223
87$3,468,846$0$0$2,768,489
88$3,706,306$0$0$2,958,822
89$3,964,322$0$0$3,165,669
90$4,244,875$0$0$3,390,623
91$4,550,144$0$0$3,635,437
92$4,882,528$0$0$3,902,040
93$5,244,665$0$0$4,192,553
94$5,639,460$0$0$4,509,313
95$6,070,110$0$0$4,854,890
96$6,540,131$0$0$5,232,113
97$7,053,397$0$0$5,644,096
98$7,614,170$0$0$6,094,268
99$8,227,144$0$0$6,586,404
100$8,897,486$0$0$7,124,659