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%16.3%
1 years$44,758$44,359$43,970$43,591$43,220$42,107
2 years$22,157$21,745$21,345$20,957$20,581$19,467
3 years$14,625$14,210$13,811$13,427$13,057$11,977
4 years$10,859$10,446$10,051$9,674$9,313$8,275
5 years$8,601$8,190$7,800$7,430$7,079$6,086
6 years$7,095$6,688$6,304$5,942$5,602$4,655
7 years$6,020$5,616$5,238$4,885$4,556$3,655
8 years$5,215$4,814$4,443$4,098$3,779$2,924
9 years$4,588$4,192$3,826$3,491$3,183$2,373
10 years$4,088$3,695$3,336$3,009$2,712$1,946
11 years$3,678$3,289$2,937$2,619$2,332$1,609
12 years$3,337$2,952$2,606$2,297$2,021$1,340
13 years$3,049$2,668$2,329$2,028$1,762$1,121
14 years$2,802$2,425$2,092$1,800$1,545$943
15 years$2,588$2,215$1,889$1,605$1,360$795
16 years$2,401$2,033$1,713$1,437$1,202$673
17 years$2,237$1,872$1,559$1,292$1,066$571
18 years$2,090$1,730$1,423$1,164$948$485
19 years$1,960$1,603$1,302$1,052$845$413
20 years$1,842$1,490$1,195$953$755$352
21 years$1,736$1,388$1,099$864$675$301
22 years$1,640$1,295$1,013$786$605$257
23 years$1,552$1,211$936$716$543$220
24 years$1,471$1,135$865$653$488$188
25 years$1,397$1,065$801$596$439$161
26 years$1,329$1,001$743$545$396$138
27 years$1,266$942$690$499$357$118
28 years$1,208$888$642$457$322$102
29 years$1,154$837$597$419$291$87
30 years$1,103$791$556$385$263$75
31 years$1,056$748$519$353$238$64
32 years$1,012$707$484$325$215$55
33 years$971$670$452$299$194$47
34 years$932$635$422$275$176$41
35 years$895$602$395$253$159$35
36 years$861$572$369$233$144$30
37 years$828$543$345$215$131$26
38 years$798$516$324$198$119$22
39 years$769$491$303$182$108$19
40 years$741$467$284$168$98$16
41 years$715$444$266$155$89$14
42 years$690$423$250$143$80$12
43 years$666$403$234$132$73$10
44 years$644$384$220$122$66$9
45 years$623$367$207$113$60$8
46 years$602$350$194$104$55$7
47 years$583$334$182$96$50$6
48 years$564$319$171$89$45$5
49 years$546$304$161$82$41$4
50 years$529$291$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 $542,000, adding $3,456 every year, while hoping to spend $26,486 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: 36/36/28 Blend
50$542,000$542,000$542,000$542,000
51$600,849$572,123$563,722$617,328
52$633,955$571,976$554,426$629,739
53$669,549$570,934$543,930$640,487
54$707,859$568,926$532,168$651,581
55$749,132$565,874$519,067$663,071
56$793,640$561,699$504,552$675,014
57$841,684$556,314$488,547$687,473
58$893,591$549,629$470,969$700,520
59$949,723$541,547$451,732$714,238
60$1,010,478$531,966$430,748$728,721
61$1,076,293$520,778$407,924$744,073
62$1,147,647$507,868$383,162$760,415
63$1,225,068$493,116$356,359$777,879
64$1,309,138$476,391$327,410$796,618
65$1,400,495$457,559$296,203$816,801
66$1,499,842$436,476$262,623$838,619
67$1,607,952$412,990$226,547$862,287
68$1,725,676$386,939$187,849$888,044
69$1,853,950$358,154$146,396$916,159
70$1,993,803$326,454$102,051$946,934
71$2,146,370$291,649$54,669$980,705
72$2,312,899$253,539$4,099$1,017,846
73$2,494,763$211,911$0$1,058,778
74$2,693,475$166,540$0$1,118,867
75$2,910,699$117,190$0$1,186,011
76$3,148,268$63,610$0$1,259,617
77$3,408,200$5,537$0$1,340,385
78$3,692,719$0$0$1,429,091
79$4,004,270$0$0$1,549,296
80$4,345,548$0$0$1,683,451
81$4,719,521$0$0$1,830,537
82$5,129,457$0$0$1,991,851
83$5,578,956$0$0$2,168,818
84$6,071,982$0$0$2,363,011
85$6,612,902$0$0$2,576,160
86$7,206,525$0$0$2,810,172
87$7,858,150$0$0$3,067,147
88$8,573,612$0$0$3,349,400
89$9,359,341$0$0$3,659,478
90$10,222,417$0$0$4,000,191
91$11,170,642$0$0$4,374,630
92$12,212,610$0$0$4,786,205
93$13,357,790$0$0$5,238,669
94$14,616,612$0$0$5,736,159
95$16,000,569$0$0$6,283,232
96$17,522,320$0$0$6,884,909
97$19,195,816$0$0$7,546,722
98$21,036,424$0$0$8,274,766
99$23,061,077$0$0$9,075,756
100$25,288,431$0$0$9,957,091