Can I retire at age 51 with 572,000?

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 $572,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$47,235$46,814$46,404$46,003$45,612$44,691
2 years$23,384$22,948$22,526$22,117$21,720$20,796
3 years$15,434$14,997$14,576$14,171$13,780$12,882
4 years$11,460$11,024$10,608$10,209$9,828$8,963
5 years$9,077$8,643$8,232$7,842$7,471$6,642
6 years$7,488$7,058$6,653$6,271$5,912$5,118
7 years$6,354$5,927$5,528$5,156$4,808$4,051
8 years$5,503$5,081$4,688$4,325$3,989$3,268
9 years$4,842$4,424$4,038$3,684$3,359$2,674
10 years$4,314$3,899$3,521$3,176$2,862$2,212
11 years$3,882$3,471$3,099$2,764$2,461$1,846
12 years$3,522$3,116$2,751$2,424$2,133$1,551
13 years$3,218$2,816$2,458$2,140$1,860$1,310
14 years$2,957$2,559$2,208$1,900$1,630$1,112
15 years$2,731$2,338$1,994$1,694$1,436$947
16 years$2,534$2,145$1,808$1,517$1,269$809
17 years$2,360$1,976$1,645$1,363$1,125$693
18 years$2,206$1,825$1,501$1,228$1,000$595
19 years$2,068$1,692$1,375$1,110$892$512
20 years$1,944$1,572$1,261$1,005$796$441
21 years$1,832$1,464$1,160$912$713$381
22 years$1,730$1,367$1,069$830$639$329
23 years$1,638$1,278$987$755$573$285
24 years$1,553$1,198$913$689$515$246
25 years$1,475$1,124$846$629$464$213
26 years$1,403$1,056$784$575$418$185
27 years$1,336$994$728$527$377$160
28 years$1,275$937$677$483$340$139
29 years$1,218$884$630$442$307$121
30 years$1,164$835$587$406$277$105
31 years$1,115$789$547$373$251$91
32 years$1,068$747$511$343$227$79
33 years$1,024$707$477$315$205$69
34 years$983$670$445$290$186$60
35 years$945$636$416$267$168$52
36 years$908$603$390$246$152$45
37 years$874$573$365$227$138$39
38 years$842$545$341$209$125$34
39 years$811$518$320$193$114$30
40 years$782$493$300$178$103$26
41 years$754$469$281$164$93$22
42 years$728$447$264$151$85$20
43 years$703$426$247$140$77$17
44 years$680$406$232$129$70$15
45 years$657$387$218$119$63$13
46 years$635$369$205$110$58$11
47 years$615$352$192$102$52$10
48 years$595$336$181$94$48$8
49 years$576$321$170$87$43$7
50 years$558$307$160$80$39$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $572,000, adding $3,049 every year, while hoping to spend $36,623 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: 77/14/9 Blend
50$572,000$572,000$572,000$572,000
51$633,489$603,173$594,307$681,124
52$659,138$593,762$575,250$703,457
53$686,176$582,662$554,327$722,932
54$714,706$569,753$531,436$743,228
55$744,840$554,904$506,473$764,411
56$776,701$537,981$479,327$786,554
57$810,421$518,840$449,882$809,740
58$846,148$497,326$418,016$834,059
59$884,040$473,281$383,605$859,611
60$924,273$446,532$346,516$886,507
61$967,036$416,899$306,612$914,868
62$1,012,538$384,192$263,748$944,832
63$1,061,008$348,208$217,774$976,547
64$1,112,695$308,734$168,534$1,010,181
65$1,167,873$265,546$115,863$1,045,918
66$1,226,842$218,404$59,591$1,083,961
67$1,289,932$167,057$0$1,124,536
68$1,357,502$111,240$0$1,167,937
69$1,429,948$50,672$0$1,220,506
70$1,507,704$0$0$1,276,839
71$1,591,246$0$0$1,339,597
72$1,681,096$0$0$1,415,503
73$1,777,829$0$0$1,497,239
74$1,882,075$0$0$1,585,339
75$1,994,525$0$0$1,680,390
76$2,115,940$0$0$1,783,036
77$2,247,156$0$0$1,893,987
78$2,389,090$0$0$2,014,020
79$2,542,753$0$0$2,143,992
80$2,709,253$0$0$2,284,845
81$2,889,811$0$0$2,437,613
82$3,085,769$0$0$2,603,434
83$3,298,603$0$0$2,783,560
84$3,529,935$0$0$2,979,368
85$3,781,551$0$0$3,192,373
86$4,055,417$0$0$3,424,242
87$4,353,693$0$0$3,676,808
88$4,678,759$0$0$3,952,089
89$5,033,234$0$0$4,252,307
90$5,419,997$0$0$4,579,906
91$5,842,222$0$0$4,937,576
92$6,303,400$0$0$5,328,281
93$6,807,373$0$0$5,755,280
94$7,358,375$0$0$6,222,163
95$7,961,062$0$0$6,732,884
96$8,620,567$0$0$7,291,794
97$9,342,536$0$0$7,903,686
98$10,133,190$0$0$8,573,837
99$10,999,379$0$0$9,308,059
100$11,948,646$0$0$10,112,752