Can I retire at age 51 with 576,000?

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 $576,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$47,566$47,142$46,728$46,325$45,931$45,622
2 years$23,547$23,109$22,684$22,272$21,872$21,561
3 years$15,542$15,102$14,678$14,270$13,876$13,572
4 years$11,541$11,101$10,682$10,280$9,897$9,602
5 years$9,140$8,704$8,289$7,896$7,523$7,239
6 years$7,540$7,107$6,699$6,315$5,953$5,679
7 years$6,398$5,969$5,567$5,192$4,841$4,578
8 years$5,542$5,116$4,721$4,355$4,016$3,764
9 years$4,876$4,455$4,066$3,710$3,382$3,140
10 years$4,344$3,926$3,545$3,198$2,882$2,650
11 years$3,909$3,496$3,121$2,783$2,479$2,257
12 years$3,546$3,137$2,770$2,441$2,148$1,937
13 years$3,240$2,835$2,475$2,155$1,873$1,672
14 years$2,978$2,577$2,224$1,913$1,642$1,451
15 years$2,750$2,354$2,008$1,706$1,446$1,264
16 years$2,552$2,160$1,820$1,528$1,278$1,105
17 years$2,377$1,989$1,656$1,373$1,133$969
18 years$2,221$1,838$1,512$1,237$1,007$852
19 years$2,083$1,704$1,384$1,118$898$751
20 years$1,958$1,583$1,270$1,012$802$663
21 years$1,845$1,475$1,168$919$718$587
22 years$1,742$1,376$1,077$835$643$520
23 years$1,649$1,287$994$761$577$461
24 years$1,564$1,206$920$694$519$409
25 years$1,485$1,132$852$634$467$364
26 years$1,413$1,064$790$579$421$324
27 years$1,346$1,001$734$530$379$288
28 years$1,284$943$682$486$342$257
29 years$1,226$890$635$446$309$229
30 years$1,172$841$591$409$279$204
31 years$1,122$795$551$376$252$182
32 years$1,075$752$514$345$228$163
33 years$1,032$712$480$317$207$145
34 years$990$675$449$292$187$130
35 years$951$640$419$269$169$116
36 years$915$608$392$248$154$104
37 years$880$577$367$228$139$93
38 years$848$548$344$210$126$83
39 years$817$521$322$194$114$74
40 years$787$496$302$179$104$66
41 years$760$472$283$165$94$59
42 years$733$450$266$152$85$53
43 years$708$429$249$141$78$48
44 years$684$408$234$130$70$43
45 years$662$390$220$120$64$38
46 years$640$372$206$111$58$34
47 years$619$355$194$102$53$31
48 years$599$339$182$95$48$27
49 years$580$323$171$87$43$25
50 years$562$309$161$81$39$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $576,000, adding $3,372 every year, while hoping to spend $41,485 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: 41/44/15 Blend
50$576,000$576,000$576,000$576,000
51$638,230$607,702$598,774$661,443
52$659,190$593,340$574,693$663,808
53$680,897$576,883$548,416$662,042
54$703,384$558,186$519,823$659,238
55$726,686$537,094$488,794$655,321
56$750,838$513,442$455,198$650,213
57$775,880$487,057$418,904$643,830
58$801,852$457,755$379,770$636,085
59$828,799$425,343$337,650$626,885
60$856,767$389,615$292,392$616,133
61$885,806$350,355$243,835$603,727
62$915,968$307,332$191,814$589,558
63$947,312$260,306$136,154$573,515
64$979,896$209,020$76,674$555,479
65$1,013,787$153,203$13,184$535,324
66$1,049,054$92,571$0$512,920
67$1,085,771$26,821$0$496,864
68$1,124,020$0$0$481,098
69$1,163,886$0$0$484,872
70$1,205,463$0$0$502,366
71$1,248,851$0$0$520,638
72$1,294,159$0$0$539,735
73$1,341,502$0$0$559,708
74$1,391,007$0$0$580,613
75$1,442,811$0$0$602,512
76$1,497,062$0$0$625,468
77$1,553,919$0$0$649,553
78$1,613,557$0$0$674,843
79$1,676,164$0$0$701,423
80$1,741,944$0$0$729,383
81$1,811,120$0$0$758,822
82$1,883,935$0$0$789,847
83$1,960,651$0$0$822,577
84$2,041,556$0$0$857,137
85$2,126,961$0$0$893,669
86$2,217,210$0$0$932,324
87$2,312,672$0$0$973,268
88$2,413,754$0$0$1,016,682
89$2,520,901$0$0$1,062,765
90$2,634,596$0$0$1,111,734
91$2,755,370$0$0$1,163,825
92$2,883,802$0$0$1,219,299
93$3,020,527$0$0$1,278,438
94$3,166,239$0$0$1,341,556
95$3,321,698$0$0$1,408,991
96$3,487,738$0$0$1,481,119
97$3,665,273$0$0$1,558,349
98$3,855,301$0$0$1,641,131
99$4,058,922$0$0$1,729,957
100$4,277,340$0$0$1,825,368