Can I retire at age 51 with 542,000?

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 $542,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$44,758$44,359$43,970$43,591$43,220$42,894
2 years$22,157$21,745$21,345$20,957$20,581$20,252
3 years$14,625$14,210$13,811$13,427$13,057$12,736
4 years$10,859$10,446$10,051$9,674$9,313$9,001
5 years$8,601$8,190$7,800$7,430$7,079$6,779
6 years$7,095$6,688$6,304$5,942$5,602$5,312
7 years$6,020$5,616$5,238$4,885$4,556$4,278
8 years$5,215$4,814$4,443$4,098$3,779$3,513
9 years$4,588$4,192$3,826$3,491$3,183$2,928
10 years$4,088$3,695$3,336$3,009$2,712$2,468
11 years$3,678$3,289$2,937$2,619$2,332$2,099
12 years$3,337$2,952$2,606$2,297$2,021$1,799
13 years$3,049$2,668$2,329$2,028$1,762$1,551
14 years$2,802$2,425$2,092$1,800$1,545$1,344
15 years$2,588$2,215$1,889$1,605$1,360$1,169
16 years$2,401$2,033$1,713$1,437$1,202$1,021
17 years$2,237$1,872$1,559$1,292$1,066$894
18 years$2,090$1,730$1,423$1,164$948$785
19 years$1,960$1,603$1,302$1,052$845$691
20 years$1,842$1,490$1,195$953$755$609
21 years$1,736$1,388$1,099$864$675$538
22 years$1,640$1,295$1,013$786$605$476
23 years$1,552$1,211$936$716$543$422
24 years$1,471$1,135$865$653$488$374
25 years$1,397$1,065$801$596$439$332
26 years$1,329$1,001$743$545$396$295
27 years$1,266$942$690$499$357$262
28 years$1,208$888$642$457$322$233
29 years$1,154$837$597$419$291$207
30 years$1,103$791$556$385$263$185
31 years$1,056$748$519$353$238$165
32 years$1,012$707$484$325$215$147
33 years$971$670$452$299$194$131
34 years$932$635$422$275$176$117
35 years$895$602$395$253$159$104
36 years$861$572$369$233$144$93
37 years$828$543$345$215$131$83
38 years$798$516$324$198$119$74
39 years$769$491$303$182$108$66
40 years$741$467$284$168$98$59
41 years$715$444$266$155$89$53
42 years$690$423$250$143$80$47
43 years$666$403$234$132$73$42
44 years$644$384$220$122$66$38
45 years$623$367$207$113$60$34
46 years$602$350$194$104$55$30
47 years$583$334$182$96$50$27
48 years$564$319$171$89$45$24
49 years$546$304$161$82$41$22
50 years$529$291$151$76$37$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $542,000, adding $3,247 every year, while hoping to spend $38,415 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: 54/28/18 Blend
50$542,000$542,000$542,000$542,000
51$600,633$571,907$563,506$629,984
52$621,025$559,057$541,510$637,561
53$642,208$544,291$517,490$641,458
54$664,225$527,472$491,337$644,854
55$687,117$508,459$462,938$647,711
56$710,931$487,102$432,175$649,993
57$735,717$463,241$398,924$651,657
58$761,527$436,707$363,055$652,662
59$788,419$407,322$324,433$652,965
60$816,455$374,897$282,919$652,522
61$845,700$339,234$238,363$651,285
62$876,225$300,121$190,613$649,206
63$908,109$257,335$139,507$646,237
64$941,434$210,643$84,878$642,326
65$976,290$159,794$26,552$637,422
66$1,012,775$104,527$0$631,472
67$1,050,994$44,564$0$631,277
68$1,091,060$0$0$635,815
69$1,133,099$0$0$646,244
70$1,177,244$0$0$671,631
71$1,223,642$0$0$698,330
72$1,272,452$0$0$726,436
73$1,323,846$0$0$756,050
74$1,378,013$0$0$787,284
75$1,435,158$0$0$820,258
76$1,495,504$0$0$855,105
77$1,559,295$0$0$891,969
78$1,626,797$0$0$931,006
79$1,698,301$0$0$972,388
80$1,774,123$0$0$1,016,304
81$1,854,612$0$0$1,062,959
82$1,940,145$0$0$1,112,576
83$2,031,137$0$0$1,165,402
84$2,128,044$0$0$1,221,706
85$2,231,362$0$0$1,281,782
86$2,341,635$0$0$1,345,953
87$2,459,460$0$0$1,414,572
88$2,585,491$0$0$1,488,027
89$2,720,446$0$0$1,566,743
90$2,865,109$0$0$1,651,187
91$3,020,344$0$0$1,741,870
92$3,187,098$0$0$1,839,354
93$3,366,409$0$0$1,944,256
94$3,559,417$0$0$2,057,252
95$3,767,376$0$0$2,179,086
96$3,991,661$0$0$2,310,576
97$4,233,784$0$0$2,452,617
98$4,495,404$0$0$2,606,198
99$4,778,348$0$0$2,772,401
100$5,084,621$0$0$2,952,418