Can I retire at age 51 with 575,000?

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 $575,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$47,483$47,060$46,647$46,245$45,851$44,962
2 years$23,506$23,069$22,644$22,233$21,834$20,942
3 years$15,515$15,076$14,652$14,245$13,852$12,985
4 years$11,520$11,082$10,663$10,263$9,880$9,044
5 years$9,124$8,689$8,275$7,883$7,510$6,708
6 years$7,527$7,095$6,687$6,304$5,943$5,175
7 years$6,387$5,958$5,557$5,183$4,833$4,101
8 years$5,532$5,107$4,713$4,348$4,009$3,312
9 years$4,868$4,447$4,059$3,703$3,377$2,713
10 years$4,336$3,920$3,539$3,192$2,877$2,247
11 years$3,902$3,489$3,116$2,778$2,474$1,877
12 years$3,540$3,132$2,765$2,437$2,144$1,579
13 years$3,234$2,830$2,470$2,151$1,870$1,336
14 years$2,973$2,573$2,220$1,910$1,639$1,135
15 years$2,746$2,350$2,004$1,703$1,443$969
16 years$2,547$2,156$1,817$1,525$1,275$829
17 years$2,373$1,986$1,653$1,370$1,131$711
18 years$2,218$1,835$1,509$1,235$1,006$612
19 years$2,079$1,701$1,382$1,116$896$527
20 years$1,954$1,580$1,268$1,011$801$455
21 years$1,842$1,472$1,166$917$716$393
22 years$1,739$1,374$1,075$834$642$340
23 years$1,646$1,285$993$759$576$295
24 years$1,561$1,204$918$693$518$255
25 years$1,482$1,130$850$633$466$222
26 years$1,410$1,062$789$578$420$192
27 years$1,343$999$732$529$379$167
28 years$1,282$942$681$485$342$145
29 years$1,224$888$633$445$308$126
30 years$1,170$839$590$408$279$110
31 years$1,120$793$550$375$252$95
32 years$1,074$751$513$345$228$83
33 years$1,030$711$479$317$206$72
34 years$989$674$448$292$187$63
35 years$950$639$419$268$169$55
36 years$913$606$392$247$153$48
37 years$879$576$367$228$139$42
38 years$846$547$343$210$126$36
39 years$815$521$322$194$114$32
40 years$786$495$301$179$104$28
41 years$758$471$283$165$94$24
42 years$732$449$265$152$85$21
43 years$707$428$249$140$77$18
44 years$683$408$234$130$70$16
45 years$660$389$219$120$64$14
46 years$639$371$206$111$58$12
47 years$618$354$193$102$53$11
48 years$598$338$182$94$48$9
49 years$579$323$171$87$43$8
50 years$561$308$161$81$39$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $575,000, adding $4,141 every year, while hoping to spend $29,384 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: 47/37/16 Blend
50$575,000$575,000$575,000$575,000
51$637,921$607,446$598,534$664,842
52$671,725$605,947$587,320$682,452
53$707,992$603,389$574,747$698,234
54$746,942$599,690$560,736$714,728
55$788,817$594,762$545,207$732,011
56$833,883$588,512$528,078$750,172
57$882,430$580,840$509,260$769,307
58$934,780$571,643$488,662$789,526
59$991,282$560,808$466,187$810,955
60$1,052,324$548,219$441,736$833,729
61$1,118,331$533,752$415,203$858,003
62$1,189,768$517,273$386,480$883,951
63$1,267,149$498,644$355,451$911,764
64$1,351,037$477,716$321,998$941,658
65$1,442,053$454,335$285,995$973,873
66$1,540,879$428,334$247,313$1,008,675
67$1,648,265$399,538$205,814$1,046,365
68$1,765,036$367,764$161,357$1,087,273
69$1,892,100$332,815$113,793$1,131,770
70$2,030,457$294,485$62,967$1,180,268
71$2,181,204$252,555$8,717$1,233,224
72$2,345,552$206,796$0$1,291,148
73$2,524,833$156,963$0$1,363,001
74$2,720,511$102,800$0$1,443,151
75$2,934,200$44,034$0$1,530,837
76$3,167,676$0$0$1,626,868
77$3,422,893$0$0$1,740,128
78$3,702,003$0$0$1,883,660
79$4,007,378$0$0$2,040,762
80$4,341,625$0$0$2,212,785
81$4,707,618$0$0$2,401,216
82$5,108,522$0$0$2,607,693
83$5,547,821$0$0$2,834,020
84$6,029,352$0$0$3,082,183
85$6,557,343$0$0$3,354,370
86$7,136,449$0$0$3,652,991
87$7,771,796$0$0$3,980,700
88$8,469,033$0$0$4,340,421
89$9,234,380$0$0$4,735,375
90$10,074,690$0$0$5,169,109
91$10,997,511$0$0$5,645,532
92$12,011,159$0$0$6,168,950
93$13,124,794$0$0$6,744,104
94$14,348,507$0$0$7,376,221
95$15,693,416$0$0$8,071,057
96$17,171,769$0$0$8,834,954
97$18,797,059$0$0$9,674,898
98$20,584,152$0$0$10,598,588
99$22,549,427$0$0$11,614,505
100$24,710,929$0$0$12,731,994