Can I retire at age 51 with 571,000?

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 $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%14.6%
1 years$47,153$46,733$46,323$45,923$45,532$44,668
2 years$23,343$22,908$22,487$22,078$21,682$20,814
3 years$15,407$14,971$14,550$14,146$13,756$12,912
4 years$11,440$11,005$10,589$10,191$9,811$8,998
5 years$9,061$8,628$8,218$7,828$7,458$6,678
6 years$7,475$7,046$6,641$6,260$5,901$5,154
7 years$6,343$5,917$5,519$5,147$4,799$4,086
8 years$5,494$5,072$4,680$4,317$3,982$3,302
9 years$4,834$4,416$4,031$3,677$3,353$2,707
10 years$4,306$3,892$3,514$3,170$2,857$2,243
11 years$3,875$3,465$3,094$2,759$2,457$1,875
12 years$3,516$3,110$2,746$2,420$2,129$1,579
13 years$3,212$2,811$2,453$2,136$1,857$1,336
14 years$2,952$2,555$2,204$1,896$1,628$1,136
15 years$2,727$2,334$1,990$1,691$1,433$970
16 years$2,530$2,141$1,804$1,514$1,267$831
17 years$2,356$1,972$1,642$1,361$1,123$713
18 years$2,202$1,822$1,499$1,226$999$614
19 years$2,064$1,689$1,372$1,108$890$529
20 years$1,941$1,569$1,259$1,004$795$457
21 years$1,829$1,462$1,158$911$711$395
22 years$1,727$1,365$1,068$828$638$342
23 years$1,635$1,276$986$754$572$297
24 years$1,550$1,196$912$688$515$257
25 years$1,472$1,122$844$628$463$224
26 years$1,400$1,055$783$574$417$194
27 years$1,334$993$727$526$376$169
28 years$1,273$935$676$482$339$147
29 years$1,216$882$629$442$306$128
30 years$1,162$833$586$405$277$111
31 years$1,113$788$546$372$250$97
32 years$1,066$745$510$342$226$84
33 years$1,023$706$476$315$205$73
34 years$982$669$445$290$185$64
35 years$943$635$416$267$168$56
36 years$907$602$389$245$152$49
37 years$873$572$364$226$138$42
38 years$840$544$341$208$125$37
39 years$810$517$319$192$113$32
40 years$781$492$299$177$103$28
41 years$753$468$281$164$93$25
42 years$727$446$263$151$85$21
43 years$702$425$247$139$77$19
44 years$678$405$232$129$70$16
45 years$656$386$218$119$63$14
46 years$634$368$205$110$58$12
47 years$614$352$192$101$52$11
48 years$594$336$181$94$47$9
49 years$575$320$170$87$43$8
50 years$557$306$160$80$39$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $571,000, adding $5,995 every year, while hoping to spend $43,753 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: 47/47/6 Blend
50$571,000$571,000$571,000$571,000
51$635,426$605,163$596,312$664,002
52$653,686$588,263$569,736$667,328
53$672,343$569,069$540,803$665,841
54$691,390$547,421$509,388$663,196
55$710,820$523,153$475,360$659,298
56$730,622$496,086$438,583$654,046
57$750,784$466,032$398,914$647,333
58$771,290$432,794$356,204$639,043
59$792,121$396,160$310,296$629,053
60$813,255$355,910$261,029$617,232
61$834,665$311,808$208,232$603,441
62$856,321$263,606$151,727$587,530
63$878,186$211,043$91,330$569,340
64$900,218$153,841$26,847$548,702
65$922,371$91,709$0$525,433
66$944,588$24,339$0$502,028
67$966,807$0$0$477,601
68$988,958$0$0$475,361
69$1,010,960$0$0$485,595
70$1,032,721$0$0$495,669
71$1,054,139$0$0$505,527
72$1,075,099$0$0$515,108
73$1,095,469$0$0$524,345
74$1,115,105$0$0$533,159
75$1,133,843$0$0$541,465
76$1,151,499$0$0$549,167
77$1,167,869$0$0$556,158
78$1,182,725$0$0$562,318
79$1,195,811$0$0$567,512
80$1,206,845$0$0$571,594
81$1,215,509$0$0$574,397
82$1,221,453$0$0$575,738
83$1,224,285$0$0$575,412
84$1,223,570$0$0$573,193
85$1,218,826$0$0$568,829
86$1,209,517$0$0$562,040
87$1,195,050$0$0$552,518
88$1,174,765$0$0$539,918
89$1,147,932$0$0$523,862
90$1,113,742$0$0$503,926
91$1,071,300$0$0$479,647
92$1,019,614$0$0$450,507
93$957,585$0$0$415,936
94$884,000$0$0$375,302
95$797,514$0$0$327,906
96$696,642$0$0$272,978
97$579,741$0$0$209,664
98$444,995$0$0$137,019
99$290,398$0$0$54,004
100$113,733$0$0$0