Can I retire at age 51 with 540,000?

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 $540,000?

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$44,593$44,195$43,808$43,430$43,060$42,682
2 years$22,076$21,664$21,266$20,880$20,505$20,123
3 years$14,571$14,158$13,761$13,378$13,009$12,637
4 years$10,819$10,408$10,014$9,638$9,278$8,917
5 years$8,569$8,160$7,771$7,403$7,053$6,705
6 years$7,069$6,663$6,280$5,920$5,581$5,246
7 years$5,998$5,596$5,219$4,867$4,539$4,218
8 years$5,195$4,796$4,426$4,083$3,765$3,458
9 years$4,571$4,176$3,812$3,478$3,171$2,876
10 years$4,072$3,681$3,324$2,998$2,702$2,420
11 years$3,665$3,277$2,926$2,609$2,324$2,055
12 years$3,325$2,941$2,597$2,289$2,014$1,758
13 years$3,038$2,658$2,320$2,020$1,756$1,513
14 years$2,792$2,416$2,085$1,794$1,539$1,308
15 years$2,579$2,207$1,882$1,599$1,355$1,136
16 years$2,392$2,025$1,706$1,432$1,198$990
17 years$2,228$1,865$1,553$1,287$1,062$865
18 years$2,083$1,723$1,417$1,160$944$758
19 years$1,952$1,597$1,298$1,048$842$666
20 years$1,835$1,484$1,191$949$752$586
21 years$1,730$1,382$1,095$861$673$516
22 years$1,633$1,290$1,010$783$603$455
23 years$1,546$1,207$932$713$541$402
24 years$1,466$1,131$862$650$487$356
25 years$1,392$1,061$798$594$438$315
26 years$1,324$997$741$543$394$279
27 years$1,262$939$688$497$356$248
28 years$1,204$884$639$456$321$220
29 years$1,150$834$595$418$290$195
30 years$1,099$788$554$383$262$173
31 years$1,052$745$517$352$237$154
32 years$1,008$705$482$324$214$137
33 years$967$668$450$298$194$122
34 years$928$633$420$274$175$109
35 years$892$600$393$252$159$97
36 years$858$570$368$232$144$86
37 years$825$541$344$214$130$77
38 years$795$514$322$197$118$68
39 years$766$489$302$182$107$61
40 years$738$465$283$168$97$54
41 years$712$443$265$155$88$48
42 years$687$422$249$143$80$43
43 years$664$402$234$132$73$38
44 years$642$383$219$122$66$34
45 years$620$365$206$112$60$30
46 years$600$348$193$104$54$27
47 years$581$332$182$96$49$24
48 years$562$317$171$89$45$22
49 years$544$303$160$82$41$19
50 years$527$289$151$76$37$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $540,000, adding $6,938 every year, while hoping to spend $30,138 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: 38/48/14 Blend
50$540,000$540,000$540,000$540,000
51$602,237$573,617$565,247$622,326
52$631,598$569,657$552,116$633,355
53$662,944$564,494$537,535$641,840
54$696,446$558,035$521,424$650,355
55$732,290$550,186$503,698$658,920
56$770,682$540,843$484,270$667,556
57$811,846$529,899$463,048$676,289
58$856,029$517,239$439,935$685,152
59$903,503$502,742$414,831$694,181
60$954,563$486,279$387,631$703,423
61$1,009,537$467,716$358,225$712,929
62$1,068,784$446,907$326,499$722,760
63$1,132,696$423,702$292,333$732,988
64$1,201,706$397,939$255,602$743,695
65$1,276,290$369,447$216,174$754,975
66$1,356,969$338,048$173,914$766,937
67$1,444,319$303,551$128,679$779,705
68$1,538,970$265,756$80,320$793,421
69$1,641,616$224,449$28,682$808,246
70$1,753,021$179,407$0$824,364
71$1,874,024$130,392$0$845,929
72$2,005,548$77,155$0$874,058
73$2,148,609$19,432$0$904,756
74$2,304,325$0$0$938,348
75$2,473,926$0$0$997,945
76$2,658,765$0$0$1,074,150
77$2,860,331$0$0$1,157,322
78$3,080,264$0$0$1,248,146
79$3,320,367$0$0$1,347,376
80$3,582,627$0$0$1,455,844
81$3,869,231$0$0$1,574,463
82$4,182,585$0$0$1,704,240
83$4,525,340$0$0$1,846,284
84$4,900,414$0$0$2,001,814
85$5,311,021$0$0$2,172,176
86$5,760,699$0$0$2,358,849
87$6,253,344$0$0$2,563,464
88$6,793,249$0$0$2,787,816
89$7,385,138$0$0$3,033,883
90$8,034,218$0$0$3,303,842
91$8,746,222$0$0$3,600,093
92$9,527,465$0$0$3,925,278
93$10,384,902$0$0$4,282,308
94$11,326,195$0$0$4,674,390
95$12,359,784$0$0$5,105,056
96$13,494,966$0$0$5,578,197
97$14,741,983$0$0$6,098,100
98$16,112,117$0$0$6,669,487
99$17,617,798$0$0$7,297,560
100$19,272,719$0$0$7,988,053