Can I retire at age 51 with 569,000?

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 $569,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$46,987$46,569$46,161$45,762$45,373$44,402
2 years$23,261$22,828$22,408$22,001$21,606$20,633
3 years$15,353$14,918$14,499$14,096$13,708$12,763
4 years$11,400$10,967$10,552$10,156$9,777$8,866
5 years$9,029$8,598$8,189$7,800$7,432$6,560
6 years$7,449$7,021$6,618$6,238$5,881$5,047
7 years$6,320$5,896$5,499$5,129$4,783$3,988
8 years$5,475$5,054$4,664$4,302$3,968$3,211
9 years$4,817$4,400$4,017$3,665$3,341$2,623
10 years$4,291$3,879$3,502$3,159$2,847$2,166
11 years$3,861$3,453$3,083$2,749$2,448$1,804
12 years$3,503$3,099$2,736$2,411$2,122$1,512
13 years$3,201$2,801$2,445$2,129$1,850$1,275
14 years$2,942$2,546$2,197$1,890$1,622$1,080
15 years$2,717$2,326$1,983$1,685$1,428$918
16 years$2,521$2,134$1,798$1,509$1,262$783
17 years$2,348$1,965$1,636$1,356$1,119$669
18 years$2,194$1,816$1,494$1,222$995$573
19 years$2,057$1,683$1,367$1,104$887$492
20 years$1,934$1,564$1,255$1,000$792$423
21 years$1,822$1,457$1,154$908$709$364
22 years$1,721$1,360$1,064$825$635$314
23 years$1,629$1,272$982$752$570$271
24 years$1,545$1,192$908$685$513$234
25 years$1,467$1,118$841$626$461$202
26 years$1,395$1,051$780$572$416$175
27 years$1,329$989$725$524$375$151
28 years$1,268$932$674$480$338$131
29 years$1,211$879$627$440$305$113
30 years$1,158$830$584$404$276$98
31 years$1,109$785$544$371$249$85
32 years$1,062$743$508$341$226$74
33 years$1,019$703$474$314$204$64
34 years$978$667$443$288$185$55
35 years$940$632$414$266$167$48
36 years$904$600$388$245$152$42
37 years$870$570$363$225$137$36
38 years$837$542$340$208$125$31
39 years$807$515$318$192$113$27
40 years$778$490$298$177$103$24
41 years$750$466$280$163$93$20
42 years$724$444$262$150$84$18
43 years$700$423$246$139$77$15
44 years$676$403$231$128$70$13
45 years$654$385$217$118$63$12
46 years$632$367$204$109$57$10
47 years$612$350$191$101$52$9
48 years$592$334$180$93$47$8
49 years$573$319$169$86$43$7
50 years$556$305$159$80$39$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $569,000, adding $3,769 every year, while hoping to spend $20,106 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: 51/27/22 Blend
50$569,000$569,000$569,000$569,000
51$630,926$600,769$591,949$659,058
52$673,888$608,814$590,387$686,962
53$720,558$616,579$588,098$714,920
54$771,293$624,030$585,038$744,899
55$826,486$631,129$581,158$777,099
56$886,570$637,836$576,409$811,741
57$952,019$644,109$570,738$849,067
58$1,023,357$649,902$564,089$889,347
59$1,101,159$655,168$556,407$932,877
60$1,186,061$659,854$547,629$979,986
61$1,278,758$663,907$537,695$1,031,035
62$1,380,020$667,267$526,536$1,086,426
63$1,490,692$669,873$514,085$1,146,599
64$1,611,705$671,658$500,268$1,212,044
65$1,744,083$672,554$485,012$1,283,299
66$1,888,955$672,484$468,235$1,360,959
67$2,047,564$671,372$449,857$1,445,682
68$2,221,278$669,131$429,789$1,538,193
69$2,411,604$665,674$407,943$1,639,294
70$2,620,201$660,906$384,223$1,749,870
71$2,848,898$654,727$358,530$1,870,895
72$3,099,707$647,030$330,763$2,003,450
73$3,374,846$637,703$300,812$2,148,723
74$3,676,756$626,626$268,565$2,308,027
75$4,008,128$613,674$233,904$2,482,812
76$4,371,924$598,711$196,708$2,674,677
77$4,771,409$581,597$156,846$2,885,389
78$5,210,179$562,181$114,187$3,116,893
79$5,692,194$540,305$68,588$3,371,341
80$6,221,817$515,799$19,906$3,651,104
81$6,803,856$488,487$0$3,958,797
82$7,443,607$458,180$0$4,304,832
83$8,146,904$424,680$0$4,690,346
84$8,920,174$387,775$0$5,114,215
85$9,770,500$347,245$0$5,580,354
86$10,705,684$302,852$0$6,093,083
87$11,734,322$254,351$0$6,657,162
88$12,865,887$201,478$0$7,277,839
89$14,110,812$143,955$0$7,960,902
90$15,480,598$81,491$0$8,712,728
91$16,987,911$13,777$0$9,540,351
92$18,646,712$0$0$10,451,523
93$20,472,380$0$0$11,472,471
94$22,481,864$0$0$12,600,788
95$24,693,835$0$0$13,842,875
96$27,128,871$0$0$15,210,293
97$29,809,642$0$0$16,715,785
98$32,761,132$0$0$18,373,390
99$36,010,866$0$0$20,198,577
100$39,589,179$0$0$22,208,392