Can I retire at age 51 with 570,000?

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 $570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$47,070$46,651$46,242$45,842$45,453$44,264
2 years$23,302$22,868$22,447$22,040$21,644$20,455
3 years$15,380$14,945$14,525$14,121$13,732$12,579
4 years$11,420$10,986$10,570$10,173$9,794$8,686
5 years$9,045$8,613$8,203$7,814$7,445$6,386
6 years$7,462$7,033$6,629$6,249$5,891$4,881
7 years$6,331$5,906$5,509$5,138$4,791$3,830
8 years$5,484$5,063$4,672$4,310$3,975$3,063
9 years$4,825$4,408$4,024$3,671$3,347$2,484
10 years$4,299$3,886$3,508$3,164$2,852$2,036
11 years$3,868$3,459$3,089$2,754$2,453$1,682
12 years$3,510$3,105$2,741$2,416$2,126$1,400
13 years$3,206$2,806$2,449$2,133$1,853$1,171
14 years$2,947$2,550$2,200$1,893$1,625$983
15 years$2,722$2,330$1,987$1,688$1,431$829
16 years$2,525$2,138$1,801$1,512$1,264$701
17 years$2,352$1,969$1,639$1,358$1,121$594
18 years$2,198$1,819$1,496$1,224$997$505
19 years$2,061$1,686$1,370$1,106$888$429
20 years$1,937$1,567$1,257$1,002$794$366
21 years$1,826$1,459$1,156$909$710$312
22 years$1,724$1,362$1,066$827$637$266
23 years$1,632$1,274$984$753$571$228
24 years$1,547$1,194$910$687$514$195
25 years$1,470$1,120$843$627$462$167
26 years$1,398$1,053$782$573$416$143
27 years$1,332$991$726$525$375$122
28 years$1,270$934$675$481$339$105
29 years$1,213$881$628$441$306$90
30 years$1,160$832$585$405$276$77
31 years$1,111$786$545$372$250$66
32 years$1,064$744$509$342$226$57
33 years$1,021$705$475$314$205$49
34 years$980$668$444$289$185$42
35 years$942$633$415$266$168$36
36 years$905$601$388$245$152$31
37 years$871$571$363$226$138$26
38 years$839$543$340$208$125$23
39 years$808$516$319$192$113$19
40 years$779$491$299$177$103$17
41 years$752$467$280$163$93$14
42 years$726$445$263$151$85$12
43 years$701$424$247$139$77$11
44 years$677$404$231$128$70$9
45 years$655$385$217$119$63$8
46 years$633$368$204$110$57$7
47 years$613$351$192$101$52$6
48 years$593$335$180$94$47$5
49 years$574$320$169$86$43$4
50 years$557$306$159$80$39$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $570,000, adding $6,247 every year, while hoping to spend $27,284 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: 57/31/12 Blend
50$570,000$570,000$570,000$570,000
51$634,584$604,374$595,539$668,504
52$670,281$604,958$586,459$692,735
53$708,706$604,657$576,161$715,566
54$750,106$603,397$564,575$739,798
55$794,756$601,103$551,628$765,568
56$842,957$597,693$537,243$793,030
57$895,039$593,080$521,341$822,353
58$951,366$587,174$503,839$853,725
59$1,012,337$579,877$484,649$887,355
60$1,078,390$571,086$463,680$923,475
61$1,150,009$560,692$440,836$962,339
62$1,227,724$548,580$416,018$1,004,232
63$1,312,119$534,628$389,122$1,049,468
64$1,403,836$518,706$360,039$1,098,394
65$1,503,582$500,677$328,654$1,151,395
66$1,612,133$480,396$294,850$1,208,899
67$1,730,345$457,709$258,502$1,271,376
68$1,859,158$432,455$219,480$1,339,350
69$1,999,608$404,461$177,648$1,413,397
70$2,152,835$373,547$132,866$1,494,158
71$2,320,093$339,519$84,986$1,582,339
72$2,502,763$302,176$33,853$1,678,724
73$2,702,364$261,302$0$1,784,176
74$2,920,571$216,672$0$1,902,307
75$3,159,226$168,046$0$2,036,318
76$3,420,358$115,171$0$2,183,064
77$3,706,200$57,780$0$2,343,860
78$4,019,213$0$0$2,520,160
79$4,362,104$0$0$2,715,072
80$4,737,858$0$0$2,950,313
81$5,149,760$0$0$3,208,234
82$5,601,427$0$0$3,491,109
83$6,096,847$0$0$3,801,439
84$6,640,407$0$0$4,141,982
85$7,236,943$0$0$4,515,773
86$7,891,782$0$0$4,926,157
87$8,610,789$0$0$5,376,818
88$9,400,427$0$0$5,871,814
89$10,267,815$0$0$6,415,617
90$11,220,797$0$0$7,013,151
91$12,268,010$0$0$7,669,843
92$13,418,975$0$0$8,391,670
93$14,684,176$0$0$9,185,218
94$16,075,166$0$0$10,057,742
95$17,604,673$0$0$11,017,235
96$19,286,719$0$0$12,072,506
97$21,136,756$0$0$13,233,256
98$23,171,803$0$0$14,510,178
99$25,410,617$0$0$15,915,051
100$27,873,862$0$0$17,460,853