Can I retire at age 51 with 541,000?

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 $541,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$44,675$44,277$43,889$43,510$43,140$42,080
2 years$22,116$21,705$21,305$20,918$20,543$19,482
3 years$14,598$14,184$13,786$13,403$13,033$12,004
4 years$10,839$10,427$10,033$9,656$9,295$8,306
5 years$8,585$8,175$7,786$7,417$7,066$6,119
6 years$7,082$6,675$6,292$5,931$5,591$4,687
7 years$6,009$5,606$5,229$4,876$4,547$3,687
8 years$5,205$4,805$4,434$4,091$3,772$2,955
9 years$4,580$4,184$3,819$3,484$3,177$2,402
10 years$4,080$3,688$3,330$3,003$2,707$1,974
11 years$3,671$3,283$2,931$2,614$2,328$1,635
12 years$3,331$2,947$2,602$2,293$2,017$1,364
13 years$3,043$2,663$2,324$2,024$1,759$1,144
14 years$2,797$2,421$2,088$1,797$1,542$964
15 years$2,583$2,211$1,886$1,602$1,358$815
16 years$2,397$2,029$1,710$1,435$1,200$691
17 years$2,232$1,868$1,556$1,289$1,064$587
18 years$2,086$1,727$1,420$1,162$946$500
19 years$1,956$1,600$1,300$1,050$843$427
20 years$1,839$1,487$1,193$951$753$365
21 years$1,733$1,385$1,097$863$674$312
22 years$1,637$1,293$1,011$785$604$267
23 years$1,549$1,209$934$715$542$229
24 years$1,469$1,133$864$652$487$197
25 years$1,395$1,063$800$595$439$169
26 years$1,327$999$742$544$395$145
27 years$1,264$940$689$498$356$125
28 years$1,206$886$640$456$321$107
29 years$1,152$836$596$419$290$92
30 years$1,101$789$555$384$262$79
31 years$1,054$746$518$353$237$68
32 years$1,010$706$483$324$214$59
33 years$969$669$451$298$194$51
34 years$930$634$421$274$176$44
35 years$894$601$394$253$159$38
36 years$859$571$368$233$144$32
37 years$827$542$345$214$131$28
38 years$796$515$323$197$119$24
39 years$767$490$303$182$107$21
40 years$740$466$284$168$97$18
41 years$714$444$266$155$88$15
42 years$689$422$249$143$80$13
43 years$665$402$234$132$73$11
44 years$643$384$220$122$66$10
45 years$621$366$206$113$60$8
46 years$601$349$194$104$54$7
47 years$582$333$182$96$49$6
48 years$563$318$171$89$45$5
49 years$545$304$161$82$41$5
50 years$528$290$151$76$37$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $541,000, adding $4,533 every year, while hoping to spend $42,527 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: 43/38/19 Blend
50$541,000$541,000$541,000$541,000
51$600,858$572,185$563,799$623,195
52$616,897$554,973$537,438$622,195
53$633,147$535,493$508,769$616,599
54$649,584$513,589$477,668$609,650
55$666,181$489,094$444,010$601,246
56$682,906$461,835$407,659$591,275
57$699,724$431,626$368,478$579,620
58$716,594$398,273$326,319$566,155
59$733,466$361,569$281,031$550,744
60$750,290$321,295$232,455$533,245
61$767,002$277,222$180,425$513,505
62$783,535$229,104$124,768$491,359
63$799,810$176,685$65,302$466,633
64$815,741$119,693$1,840$439,140
65$831,228$57,840$0$408,680
66$846,163$0$0$388,397
67$860,420$0$0$369,810
68$873,862$0$0$374,985
69$886,334$0$0$379,663
70$897,663$0$0$383,761
71$907,657$0$0$387,186
72$916,101$0$0$389,836
73$922,756$0$0$391,595
74$927,356$0$0$392,336
75$929,605$0$0$391,918
76$929,174$0$0$390,184
77$925,700$0$0$386,959
78$918,776$0$0$382,049
79$907,953$0$0$375,241
80$892,734$0$0$366,297
81$872,566$0$0$354,953
82$846,837$0$0$340,918
83$814,869$0$0$323,868
84$775,913$0$0$303,447
85$729,138$0$0$279,259
86$673,626$0$0$250,867
87$608,360$0$0$217,787
88$532,217$0$0$179,486
89$443,954$0$0$135,371
90$342,197$0$0$84,790
91$225,430$0$0$27,022
92$91,975$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0