Can I retire at age 51 with 571,000?

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 $571,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$47,153$46,733$46,323$45,923$45,532$45,038
2 years$23,343$22,908$22,487$22,078$21,682$21,184
3 years$15,407$14,971$14,550$14,146$13,756$13,270
4 years$11,440$11,005$10,589$10,191$9,811$9,341
5 years$9,061$8,628$8,218$7,828$7,458$7,005
6 years$7,475$7,046$6,641$6,260$5,901$5,466
7 years$6,343$5,917$5,519$5,147$4,799$4,382
8 years$5,494$5,072$4,680$4,317$3,982$3,582
9 years$4,834$4,416$4,031$3,677$3,353$2,972
10 years$4,306$3,892$3,514$3,170$2,857$2,493
11 years$3,875$3,465$3,094$2,759$2,457$2,110
12 years$3,516$3,110$2,746$2,420$2,129$1,799
13 years$3,212$2,811$2,453$2,136$1,857$1,543
14 years$2,952$2,555$2,204$1,896$1,628$1,330
15 years$2,727$2,334$1,990$1,691$1,433$1,151
16 years$2,530$2,141$1,804$1,514$1,267$1,000
17 years$2,356$1,972$1,642$1,361$1,123$871
18 years$2,202$1,822$1,499$1,226$999$760
19 years$2,064$1,689$1,372$1,108$890$665
20 years$1,941$1,569$1,259$1,004$795$583
21 years$1,829$1,462$1,158$911$711$512
22 years$1,727$1,365$1,068$828$638$450
23 years$1,635$1,276$986$754$572$396
24 years$1,550$1,196$912$688$515$349
25 years$1,472$1,122$844$628$463$308
26 years$1,400$1,055$783$574$417$272
27 years$1,334$993$727$526$376$240
28 years$1,273$935$676$482$339$212
29 years$1,216$882$629$442$306$188
30 years$1,162$833$586$405$277$166
31 years$1,113$788$546$372$250$147
32 years$1,066$745$510$342$226$130
33 years$1,023$706$476$315$205$115
34 years$982$669$445$290$185$102
35 years$943$635$416$267$168$91
36 years$907$602$389$245$152$80
37 years$873$572$364$226$138$71
38 years$840$544$341$208$125$63
39 years$810$517$319$192$113$56
40 years$781$492$299$177$103$50
41 years$753$468$281$164$93$44
42 years$727$446$263$151$85$39
43 years$702$425$247$139$77$35
44 years$678$405$232$129$70$31
45 years$656$386$218$119$63$27
46 years$634$368$205$110$58$24
47 years$614$352$192$101$52$22
48 years$594$336$181$94$47$19
49 years$575$320$170$87$43$17
50 years$557$306$160$80$39$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $571,000, adding $4,874 every year, while hoping to spend $38,778 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: 71/19/10 Blend
50$571,000$571,000$571,000$571,000
51$634,270$604,007$595,156$677,731
52$657,706$592,343$573,834$695,478
53$682,232$578,809$550,499$709,670
54$707,920$563,271$525,040$724,154
55$734,845$545,589$497,347$738,952
56$763,091$525,613$467,299$754,087
57$792,746$503,188$434,773$769,583
58$823,908$478,146$399,640$785,472
59$856,683$450,312$361,764$801,787
60$891,186$419,499$321,005$818,567
61$927,543$385,510$277,215$835,855
62$965,890$348,138$230,239$853,701
63$1,006,377$307,162$179,918$872,162
64$1,049,165$262,351$126,083$891,300
65$1,094,431$213,458$68,558$911,188
66$1,142,370$160,224$7,162$931,907
67$1,193,192$102,376$0$953,547
68$1,247,129$39,623$0$982,438
69$1,304,432$0$0$1,013,688
70$1,365,378$0$0$1,052,610
71$1,430,270$0$0$1,102,889
72$1,499,437$0$0$1,156,497
73$1,573,243$0$0$1,213,718
74$1,652,085$0$0$1,274,863
75$1,736,396$0$0$1,340,271
76$1,826,656$0$0$1,410,314
77$1,923,385$0$0$1,485,403
78$2,027,160$0$0$1,565,984
79$2,138,608$0$0$1,652,550
80$2,258,421$0$0$1,745,641
81$2,387,359$0$0$1,845,850
82$2,526,252$0$0$1,953,828
83$2,676,018$0$0$2,070,291
84$2,837,661$0$0$2,196,023
85$3,012,284$0$0$2,331,890
86$3,201,103$0$0$2,478,838
87$3,405,451$0$0$2,637,912
88$3,626,793$0$0$2,810,258
89$3,866,743$0$0$2,997,136
90$4,127,074$0$0$3,199,933
91$4,409,735$0$0$3,420,174
92$4,716,871$0$0$3,659,535
93$5,050,841$0$0$3,919,862
94$5,414,241$0$0$4,203,185
95$5,809,927$0$0$4,511,737
96$6,241,040$0$0$4,847,976
97$6,711,040$0$0$5,214,606
98$7,223,732$0$0$5,614,605
99$7,783,306$0$0$6,051,249
100$8,394,373$0$0$6,528,146