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%13%
1 years$44,675$44,277$43,889$43,510$43,140$42,601
2 years$22,116$21,705$21,305$20,918$20,543$20,000
3 years$14,598$14,184$13,786$13,403$13,033$12,504
4 years$10,839$10,427$10,033$9,656$9,295$8,784
5 years$8,585$8,175$7,786$7,417$7,066$6,574
6 years$7,082$6,675$6,292$5,931$5,591$5,119
7 years$6,009$5,606$5,229$4,876$4,547$4,094
8 years$5,205$4,805$4,434$4,091$3,772$3,339
9 years$4,580$4,184$3,819$3,484$3,177$2,763
10 years$4,080$3,688$3,330$3,003$2,707$2,313
11 years$3,671$3,283$2,931$2,614$2,328$1,953
12 years$3,331$2,947$2,602$2,293$2,017$1,661
13 years$3,043$2,663$2,324$2,024$1,759$1,421
14 years$2,797$2,421$2,088$1,797$1,542$1,221
15 years$2,583$2,211$1,886$1,602$1,358$1,054
16 years$2,397$2,029$1,710$1,435$1,200$913
17 years$2,232$1,868$1,556$1,289$1,064$793
18 years$2,086$1,727$1,420$1,162$946$690
19 years$1,956$1,600$1,300$1,050$843$602
20 years$1,839$1,487$1,193$951$753$526
21 years$1,733$1,385$1,097$863$674$461
22 years$1,637$1,293$1,011$785$604$404
23 years$1,549$1,209$934$715$542$354
24 years$1,469$1,133$864$652$487$311
25 years$1,395$1,063$800$595$439$274
26 years$1,327$999$742$544$395$241
27 years$1,264$940$689$498$356$212
28 years$1,206$886$640$456$321$187
29 years$1,152$836$596$419$290$165
30 years$1,101$789$555$384$262$145
31 years$1,054$746$518$353$237$128
32 years$1,010$706$483$324$214$113
33 years$969$669$451$298$194$100
34 years$930$634$421$274$176$88
35 years$894$601$394$253$159$78
36 years$859$571$368$233$144$69
37 years$827$542$345$214$131$61
38 years$796$515$323$197$119$54
39 years$767$490$303$182$107$48
40 years$740$466$284$168$97$42
41 years$714$444$266$155$88$37
42 years$689$422$249$143$80$33
43 years$665$402$234$132$73$29
44 years$643$384$220$122$66$26
45 years$621$366$206$113$60$23
46 years$601$349$194$104$54$20
47 years$582$333$182$96$49$18
48 years$563$318$171$89$45$16
49 years$545$304$161$82$41$14
50 years$528$290$151$76$37$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $541,000, adding $4,546 every year, while hoping to spend $28,471 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: 23/47/30 Blend
50$541,000$541,000$541,000$541,000
51$600,871$572,198$563,813$608,953
52$631,867$569,943$552,408$614,139
53$665,070$566,623$539,666$617,021
54$700,676$562,156$525,513$619,511
55$738,898$556,455$509,871$621,596
56$779,972$549,427$492,658$623,264
57$824,155$540,975$473,788$624,505
58$871,730$530,994$453,171$625,314
59$923,009$519,375$430,714$625,684
60$978,332$506,001$406,320$625,616
61$1,038,076$490,748$379,885$625,112
62$1,102,651$473,487$351,303$624,179
63$1,172,513$454,079$320,463$622,828
64$1,248,158$432,377$287,247$621,079
65$1,330,134$408,228$251,534$618,956
66$1,419,044$381,468$213,197$616,491
67$1,515,549$351,922$172,102$613,727
68$1,620,379$319,410$128,111$610,714
69$1,734,334$283,738$81,079$607,516
70$1,858,295$244,700$30,854$604,208
71$1,993,233$202,083$0$600,881
72$2,140,215$155,657$0$604,922
73$2,300,414$105,181$0$620,191
74$2,475,124$50,402$0$637,001
75$2,665,766$0$0$655,581
76$2,873,906$0$0$680,815
77$3,101,268$0$0$736,942
78$3,349,748$0$0$798,375
79$3,621,437$0$0$865,642
80$3,918,633$0$0$939,324
81$4,243,869$0$0$1,020,060
82$4,599,934$0$0$1,108,557
83$4,989,897$0$0$1,205,591
84$5,417,141$0$0$1,312,017
85$5,885,390$0$0$1,428,778
86$6,398,745$0$0$1,556,910
87$6,961,723$0$0$1,697,558
88$7,579,299$0$0$1,851,980
89$8,256,953$0$0$2,021,562
90$9,000,723$0$0$2,207,834
91$9,817,255$0$0$2,412,477
92$10,713,876$0$0$2,637,347
93$11,698,652$0$0$2,884,485
94$12,780,473$0$0$3,156,143
95$13,969,129$0$0$3,454,799
96$15,275,406$0$0$3,783,185
97$16,711,189$0$0$4,144,310
98$18,289,569$0$0$4,541,490
99$20,024,970$0$0$4,978,378
100$21,933,283$0$0$5,458,998