Can I retire at age 51 with 542,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%18.5%
1 years$44,758$44,359$43,970$43,591$43,220$41,736
2 years$22,157$21,745$21,345$20,957$20,581$19,101
3 years$14,625$14,210$13,811$13,427$13,057$11,628
4 years$10,859$10,446$10,051$9,674$9,313$7,945
5 years$8,601$8,190$7,800$7,430$7,079$5,777
6 years$7,095$6,688$6,304$5,942$5,602$4,365
7 years$6,020$5,616$5,238$4,885$4,556$3,385
8 years$5,215$4,814$4,443$4,098$3,779$2,673
9 years$4,588$4,192$3,826$3,491$3,183$2,140
10 years$4,088$3,695$3,336$3,009$2,712$1,731
11 years$3,678$3,289$2,937$2,619$2,332$1,412
12 years$3,337$2,952$2,606$2,297$2,021$1,158
13 years$3,049$2,668$2,329$2,028$1,762$955
14 years$2,802$2,425$2,092$1,800$1,545$791
15 years$2,588$2,215$1,889$1,605$1,360$657
16 years$2,401$2,033$1,713$1,437$1,202$547
17 years$2,237$1,872$1,559$1,292$1,066$456
18 years$2,090$1,730$1,423$1,164$948$382
19 years$1,960$1,603$1,302$1,052$845$320
20 years$1,842$1,490$1,195$953$755$268
21 years$1,736$1,388$1,099$864$675$225
22 years$1,640$1,295$1,013$786$605$189
23 years$1,552$1,211$936$716$543$159
24 years$1,471$1,135$865$653$488$134
25 years$1,397$1,065$801$596$439$112
26 years$1,329$1,001$743$545$396$95
27 years$1,266$942$690$499$357$80
28 years$1,208$888$642$457$322$67
29 years$1,154$837$597$419$291$57
30 years$1,103$791$556$385$263$48
31 years$1,056$748$519$353$238$40
32 years$1,012$707$484$325$215$34
33 years$971$670$452$299$194$29
34 years$932$635$422$275$176$24
35 years$895$602$395$253$159$20
36 years$861$572$369$233$144$17
37 years$828$543$345$215$131$14
38 years$798$516$324$198$119$12
39 years$769$491$303$182$108$10
40 years$741$467$284$168$98$9
41 years$715$444$266$155$89$7
42 years$690$423$250$143$80$6
43 years$666$403$234$132$73$5
44 years$644$384$220$122$66$4
45 years$623$367$207$113$60$4
46 years$602$350$194$104$55$3
47 years$583$334$182$96$50$3
48 years$564$319$171$89$45$2
49 years$546$304$161$82$41$2
50 years$529$291$151$76$37$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $542,000, adding $5,324 every year, while hoping to spend $35,283 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: 52/20/28 Blend
50$542,000$542,000$542,000$542,000
51$602,776$574,050$565,649$629,141
52$626,718$564,637$547,057$638,614
53$651,920$553,581$526,660$644,919
54$678,473$540,763$504,360$651,080
55$706,475$526,060$480,055$657,100
56$736,037$509,337$453,637$662,980
57$767,274$490,457$424,996$668,728
58$800,318$469,270$394,015$674,353
59$835,307$445,621$360,571$679,866
60$872,396$419,344$324,538$685,285
61$911,752$390,264$285,782$690,631
62$953,559$358,196$244,164$695,930
63$998,018$322,944$199,540$701,214
64$1,045,349$284,301$151,757$706,522
65$1,095,792$242,048$100,658$711,900
66$1,149,610$195,956$46,078$717,403
67$1,207,092$145,780$0$723,096
68$1,268,554$91,262$0$732,689
69$1,334,343$32,130$0$757,561
70$1,404,839$0$0$784,089
71$1,480,459$0$0$819,468
72$1,561,661$0$0$865,090
73$1,648,946$0$0$914,169
74$1,742,866$0$0$967,021
75$1,844,027$0$0$1,023,991
76$1,953,092$0$0$1,085,459
77$2,070,793$0$0$1,151,844
78$2,197,932$0$0$1,223,603
79$2,335,390$0$0$1,301,241
80$2,484,137$0$0$1,385,313
81$2,645,238$0$0$1,476,427
82$2,819,865$0$0$1,575,254
83$3,009,305$0$0$1,682,530
84$3,214,975$0$0$1,799,067
85$3,438,433$0$0$1,925,755
86$3,681,393$0$0$2,063,576
87$3,945,741$0$0$2,213,609
88$4,233,550$0$0$2,377,040
89$4,547,105$0$0$2,555,178
90$4,888,917$0$0$2,749,459
91$5,261,751$0$0$2,961,467
92$5,668,649$0$0$3,192,944
93$6,112,963$0$0$3,445,808
94$6,598,380$0$0$3,722,170
95$7,128,959$0$0$4,024,355
96$7,709,169$0$0$4,354,923
97$8,343,932$0$0$4,716,692
98$9,038,667$0$0$5,112,764
99$9,799,339$0$0$5,546,557
100$10,632,520$0$0$6,021,834