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%19.2%
1 years$44,758$44,359$43,970$43,591$43,220$41,620
2 years$22,157$21,745$21,345$20,957$20,581$18,987
3 years$14,625$14,210$13,811$13,427$13,057$11,520
4 years$10,859$10,446$10,051$9,674$9,313$7,843
5 years$8,601$8,190$7,800$7,430$7,079$5,682
6 years$7,095$6,688$6,304$5,942$5,602$4,277
7 years$6,020$5,616$5,238$4,885$4,556$3,303
8 years$5,215$4,814$4,443$4,098$3,779$2,598
9 years$4,588$4,192$3,826$3,491$3,183$2,071
10 years$4,088$3,695$3,336$3,009$2,712$1,668
11 years$3,678$3,289$2,937$2,619$2,332$1,354
12 years$3,337$2,952$2,606$2,297$2,021$1,106
13 years$3,049$2,668$2,329$2,028$1,762$907
14 years$2,802$2,425$2,092$1,800$1,545$747
15 years$2,588$2,215$1,889$1,605$1,360$618
16 years$2,401$2,033$1,713$1,437$1,202$512
17 years$2,237$1,872$1,559$1,292$1,066$425
18 years$2,090$1,730$1,423$1,164$948$354
19 years$1,960$1,603$1,302$1,052$845$294
20 years$1,842$1,490$1,195$953$755$246
21 years$1,736$1,388$1,099$864$675$205
22 years$1,640$1,295$1,013$786$605$171
23 years$1,552$1,211$936$716$543$143
24 years$1,471$1,135$865$653$488$120
25 years$1,397$1,065$801$596$439$100
26 years$1,329$1,001$743$545$396$84
27 years$1,266$942$690$499$357$70
28 years$1,208$888$642$457$322$59
29 years$1,154$837$597$419$291$49
30 years$1,103$791$556$385$263$41
31 years$1,056$748$519$353$238$35
32 years$1,012$707$484$325$215$29
33 years$971$670$452$299$194$24
34 years$932$635$422$275$176$20
35 years$895$602$395$253$159$17
36 years$861$572$369$233$144$14
37 years$828$543$345$215$131$12
38 years$798$516$324$198$119$10
39 years$769$491$303$182$108$8
40 years$741$467$284$168$98$7
41 years$715$444$266$155$89$6
42 years$690$423$250$143$80$5
43 years$666$403$234$132$73$4
44 years$644$384$220$122$66$4
45 years$623$367$207$113$60$3
46 years$602$350$194$104$55$2
47 years$583$334$182$96$50$2
48 years$564$319$171$89$45$2
49 years$546$304$161$82$41$1
50 years$529$291$151$76$37$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $542,000, adding $4,529 every year, while hoping to spend $41,404 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: 58/18/24 Blend
50$542,000$542,000$542,000$542,000
51$601,956$573,230$564,829$632,728
52$619,302$557,264$539,697$638,271
53$637,029$539,129$512,336$639,496
54$655,134$518,674$482,626$639,945
55$673,608$495,740$450,445$639,553
56$692,444$470,159$415,663$638,250
57$711,630$441,754$378,144$635,963
58$731,153$410,336$337,749$632,612
59$750,995$375,707$294,328$628,113
60$771,138$337,658$247,729$622,376
61$791,556$295,965$197,790$615,302
62$812,223$250,396$144,344$606,790
63$833,105$200,701$87,215$596,727
64$854,166$146,619$26,221$584,996
65$875,361$87,873$0$571,468
66$896,641$24,173$0$565,963
67$917,950$0$0$566,192
68$939,222$0$0$574,204
69$960,385$0$0$586,908
70$981,356$0$0$599,463
71$1,002,041$0$0$611,809
72$1,022,333$0$0$623,876
73$1,042,116$0$0$635,589
74$1,061,254$0$0$646,861
75$1,079,599$0$0$657,596
76$1,096,984$0$0$667,686
77$1,113,220$0$0$677,009
78$1,128,100$0$0$685,432
79$1,141,389$0$0$692,805
80$1,152,827$0$0$698,959
81$1,162,126$0$0$703,709
82$1,168,961$0$0$706,847
83$1,172,976$0$0$708,143
84$1,173,770$0$0$707,341
85$1,170,901$0$0$704,157
86$1,163,879$0$0$698,275
87$1,152,157$0$0$689,345
88$1,135,130$0$0$676,980
89$1,112,128$0$0$660,749
90$1,082,408$0$0$640,176
91$1,045,148$0$0$614,733
92$999,436$0$0$583,837
93$944,262$0$0$546,841
94$878,512$0$0$503,031
95$800,951$0$0$451,614
96$710,212$0$0$391,718
97$604,787$0$0$322,374
98$483,005$0$0$242,514
99$343,022$0$0$150,957
100$182,799$0$0$46,398