Can I retire at age 51 with 574,000?

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 $574,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$47,400$46,978$46,566$46,164$45,772$44,008
2 years$23,466$23,029$22,605$22,194$21,796$20,040
3 years$15,488$15,049$14,627$14,220$13,828$12,135
4 years$11,500$11,063$10,645$10,245$9,862$8,245
5 years$9,108$8,673$8,261$7,869$7,497$5,960
6 years$7,514$7,083$6,676$6,293$5,932$4,477
7 years$6,376$5,948$5,548$5,174$4,825$3,450
8 years$5,523$5,098$4,705$4,340$4,002$2,707
9 years$4,859$4,439$4,052$3,697$3,371$2,153
10 years$4,329$3,913$3,533$3,187$2,872$1,729
11 years$3,895$3,483$3,110$2,773$2,470$1,400
12 years$3,534$3,126$2,760$2,433$2,140$1,140
13 years$3,229$2,825$2,466$2,148$1,866$933
14 years$2,967$2,568$2,216$1,906$1,636$767
15 years$2,741$2,346$2,001$1,700$1,441$632
16 years$2,543$2,153$1,814$1,522$1,273$522
17 years$2,369$1,982$1,651$1,368$1,129$432
18 years$2,214$1,832$1,507$1,233$1,004$358
19 years$2,075$1,698$1,379$1,114$895$298
20 years$1,951$1,578$1,266$1,009$799$247
21 years$1,838$1,469$1,164$916$715$206
22 years$1,736$1,372$1,073$832$641$171
23 years$1,643$1,283$991$758$575$143
24 years$1,558$1,202$916$691$517$119
25 years$1,480$1,128$849$631$465$99
26 years$1,408$1,060$787$577$419$83
27 years$1,341$998$731$528$378$69
28 years$1,279$940$680$484$341$58
29 years$1,222$887$632$444$308$48
30 years$1,168$838$589$408$278$40
31 years$1,118$792$549$374$252$34
32 years$1,072$749$512$344$228$28
33 years$1,028$710$478$316$206$24
34 years$987$672$447$291$186$20
35 years$948$638$418$268$169$16
36 years$912$605$391$247$153$14
37 years$877$575$366$227$139$11
38 years$845$546$343$210$126$10
39 years$814$520$321$193$114$8
40 years$785$494$301$178$103$7
41 years$757$471$282$164$94$6
42 years$731$448$265$152$85$5
43 years$706$427$248$140$77$4
44 years$682$407$233$129$70$3
45 years$659$388$219$119$64$3
46 years$638$370$206$110$58$2
47 years$617$353$193$102$52$2
48 years$597$337$181$94$48$2
49 years$578$322$171$87$43$1
50 years$560$308$160$80$39$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $574,000, adding $2,513 every year, while hoping to spend $47,047 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: 59/29/12 Blend
50$574,000$574,000$574,000$574,000
51$635,140$604,718$595,821$670,607
52$649,867$584,292$565,724$674,364
53$664,519$561,288$533,041$672,962
54$679,039$535,530$497,637$670,304
55$693,362$506,832$459,369$666,272
56$707,416$474,998$418,089$660,741
57$721,118$439,818$373,640$653,576
58$734,376$401,074$325,861$644,628
59$747,088$358,531$274,583$633,741
60$759,137$311,945$219,627$620,741
61$770,393$261,056$160,810$605,443
62$780,714$205,588$97,938$587,645
63$789,937$145,252$30,809$567,130
64$797,884$79,742$0$543,663
65$804,352$8,734$0$522,214
66$809,121$0$0$501,829
67$811,942$0$0$500,025
68$812,540$0$0$499,535
69$810,609$0$0$497,374
70$805,810$0$0$493,319
71$797,765$0$0$487,124
72$786,058$0$0$478,518
73$770,224$0$0$467,197
74$749,750$0$0$452,828
75$724,069$0$0$435,039
76$692,551$0$0$413,421
77$654,498$0$0$387,519
78$609,140$0$0$356,830
79$555,624$0$0$320,799
80$493,006$0$0$278,812
81$420,244$0$0$230,189
82$336,184$0$0$174,179
83$239,551$0$0$109,952
84$128,938$0$0$36,591
85$2,789$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0