Can I retire at age 51 with 574,000?

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 $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%18.4%
1 years$47,400$46,978$46,566$46,164$45,772$44,218
2 years$23,466$23,029$22,605$22,194$21,796$20,246
3 years$15,488$15,049$14,627$14,220$13,828$12,331
4 years$11,500$11,063$10,645$10,245$9,862$8,429
5 years$9,108$8,673$8,261$7,869$7,497$6,132
6 years$7,514$7,083$6,676$6,293$5,932$4,636
7 years$6,376$5,948$5,548$5,174$4,825$3,597
8 years$5,523$5,098$4,705$4,340$4,002$2,843
9 years$4,859$4,439$4,052$3,697$3,371$2,277
10 years$4,329$3,913$3,533$3,187$2,872$1,843
11 years$3,895$3,483$3,110$2,773$2,470$1,504
12 years$3,534$3,126$2,760$2,433$2,140$1,235
13 years$3,229$2,825$2,466$2,148$1,866$1,019
14 years$2,967$2,568$2,216$1,906$1,636$844
15 years$2,741$2,346$2,001$1,700$1,441$702
16 years$2,543$2,153$1,814$1,522$1,273$585
17 years$2,369$1,982$1,651$1,368$1,129$488
18 years$2,214$1,832$1,507$1,233$1,004$409
19 years$2,075$1,698$1,379$1,114$895$342
20 years$1,951$1,578$1,266$1,009$799$287
21 years$1,838$1,469$1,164$916$715$241
22 years$1,736$1,372$1,073$832$641$203
23 years$1,643$1,283$991$758$575$171
24 years$1,558$1,202$916$691$517$144
25 years$1,480$1,128$849$631$465$121
26 years$1,408$1,060$787$577$419$102
27 years$1,341$998$731$528$378$86
28 years$1,279$940$680$484$341$73
29 years$1,222$887$632$444$308$61
30 years$1,168$838$589$408$278$52
31 years$1,118$792$549$374$252$44
32 years$1,072$749$512$344$228$37
33 years$1,028$710$478$316$206$31
34 years$987$672$447$291$186$26
35 years$948$638$418$268$169$22
36 years$912$605$391$247$153$19
37 years$877$575$366$227$139$16
38 years$845$546$343$210$126$13
39 years$814$520$321$193$114$11
40 years$785$494$301$178$103$9
41 years$757$471$282$164$94$8
42 years$731$448$265$152$85$7
43 years$706$427$248$140$77$6
44 years$682$407$233$129$70$5
45 years$659$388$219$119$64$4
46 years$638$370$206$110$58$3
47 years$617$353$193$102$52$3
48 years$597$337$181$94$48$2
49 years$578$322$171$87$43$2
50 years$560$308$160$80$39$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $574,000, adding $5,895 every year, while hoping to spend $42,431 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: 38/40/22 Blend
50$574,000$574,000$574,000$574,000
51$638,629$608,207$599,310$658,501
52$658,623$592,863$574,240$658,102
53$679,234$575,344$546,909$653,262
54$700,480$555,501$517,195$647,173
55$722,381$533,172$484,973$639,748
56$744,955$508,189$450,110$630,894
57$768,221$480,371$412,470$620,512
58$792,200$449,529$371,908$608,499
59$816,911$415,463$328,274$594,745
60$842,377$377,961$281,412$579,134
61$868,617$336,799$231,157$561,544
62$895,654$291,740$177,338$541,846
63$923,509$242,534$119,778$519,904
64$952,205$188,917$58,289$495,573
65$981,765$130,609$0$468,703
66$1,012,212$67,315$0$440,854
67$1,043,569$0$0$424,850
68$1,075,860$0$0$407,426
69$1,109,108$0$0$419,992
70$1,143,339$0$0$432,926
71$1,178,576$0$0$446,237
72$1,214,843$0$0$459,934
73$1,252,166$0$0$474,027
74$1,290,568$0$0$488,522
75$1,330,073$0$0$503,430
76$1,370,705$0$0$518,758
77$1,412,489$0$0$534,516
78$1,455,446$0$0$550,710
79$1,499,600$0$0$567,348
80$1,544,972$0$0$584,439
81$1,591,583$0$0$601,988
82$1,639,453$0$0$620,002
83$1,688,599$0$0$638,486
84$1,739,039$0$0$657,447
85$1,790,787$0$0$676,887
86$1,843,857$0$0$696,810
87$1,898,257$0$0$717,218
88$1,953,995$0$0$738,111
89$2,011,075$0$0$759,489
90$2,069,497$0$0$781,350
91$2,129,256$0$0$803,689
92$2,190,345$0$0$826,500
93$2,252,747$0$0$849,773
94$2,316,443$0$0$873,499
95$2,381,404$0$0$897,661
96$2,447,594$0$0$922,242
97$2,514,970$0$0$947,221
98$2,583,475$0$0$972,571
99$2,653,046$0$0$998,262
100$2,723,604$0$0$1,024,258