Can I retire at age 51 with 577,000?

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 $577,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$47,648$47,224$46,810$46,405$46,011$44,290
2 years$23,588$23,149$22,723$22,310$21,910$20,196
3 years$15,569$15,128$14,703$14,294$13,901$12,248
4 years$11,561$11,121$10,700$10,298$9,914$8,334
5 years$9,156$8,719$8,304$7,910$7,536$6,034
6 years$7,553$7,120$6,711$6,326$5,963$4,540
7 years$6,409$5,979$5,577$5,201$4,850$3,504
8 years$5,551$5,125$4,729$4,363$4,023$2,755
9 years$4,885$4,462$4,073$3,716$3,388$2,195
10 years$4,352$3,933$3,551$3,203$2,887$1,766
11 years$3,916$3,502$3,127$2,788$2,483$1,433
12 years$3,553$3,143$2,775$2,445$2,152$1,169
13 years$3,246$2,840$2,479$2,159$1,876$959
14 years$2,983$2,582$2,227$1,916$1,645$789
15 years$2,755$2,358$2,011$1,709$1,448$652
16 years$2,556$2,164$1,823$1,530$1,280$540
17 years$2,381$1,993$1,659$1,375$1,135$448
18 years$2,225$1,841$1,515$1,239$1,009$372
19 years$2,086$1,707$1,387$1,120$899$310
20 years$1,961$1,586$1,272$1,014$803$258
21 years$1,848$1,477$1,170$920$719$215
22 years$1,745$1,379$1,079$837$644$180
23 years$1,652$1,290$996$762$578$150
24 years$1,566$1,208$921$695$520$126
25 years$1,488$1,134$853$635$468$105
26 years$1,415$1,066$791$580$421$88
27 years$1,348$1,003$735$531$380$74
28 years$1,286$945$683$487$343$62
29 years$1,228$892$636$446$310$52
30 years$1,175$842$592$410$280$43
31 years$1,124$796$552$376$253$36
32 years$1,077$753$515$346$229$30
33 years$1,033$713$481$318$207$25
34 years$992$676$449$293$187$21
35 years$953$641$420$269$170$18
36 years$916$609$393$248$154$15
37 years$882$578$368$229$139$12
38 years$849$549$344$211$126$10
39 years$818$522$323$194$115$9
40 years$789$497$302$179$104$7
41 years$761$473$284$165$94$6
42 years$735$451$266$153$86$5
43 years$709$429$250$141$78$4
44 years$686$409$234$130$70$4
45 years$663$390$220$120$64$3
46 years$641$372$207$111$58$3
47 years$620$355$194$102$53$2
48 years$600$339$182$95$48$2
49 years$581$324$171$88$44$2
50 years$563$309$161$81$40$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $577,000, adding $5,043 every year, while hoping to spend $41,895 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: 60/19/21 Blend
50$577,000$577,000$577,000$577,000
51$641,056$610,475$601,531$675,690
52$661,868$595,812$577,107$685,087
53$683,398$579,027$550,460$690,303
54$705,676$559,971$521,472$695,056
55$728,733$538,487$490,018$699,309
56$752,600$514,409$455,971$703,021
57$777,312$487,562$419,192$706,150
58$802,905$457,760$379,543$708,654
59$829,417$424,806$336,873$710,487
60$856,889$388,493$291,030$711,599
61$885,363$348,601$241,851$711,941
62$914,886$304,897$189,168$711,461
63$945,505$257,138$132,806$710,104
64$977,272$205,064$72,581$707,811
65$1,010,242$148,400$8,301$704,525
66$1,044,474$86,859$0$700,181
67$1,080,030$20,135$0$708,228
68$1,116,977$0$0$717,949
69$1,155,386$0$0$738,354
70$1,195,333$0$0$763,961
71$1,236,902$0$0$790,615
72$1,280,179$0$0$818,372
73$1,325,259$0$0$847,295
74$1,372,245$0$0$877,449
75$1,421,245$0$0$908,907
76$1,472,378$0$0$941,745
77$1,525,770$0$0$976,047
78$1,581,559$0$0$1,011,902
79$1,639,894$0$0$1,049,407
80$1,700,936$0$0$1,088,669
81$1,764,857$0$0$1,129,800
82$1,831,846$0$0$1,172,924
83$1,902,109$0$0$1,218,175
84$1,975,865$0$0$1,265,698
85$2,053,357$0$0$1,315,652
86$2,134,845$0$0$1,368,209
87$2,220,614$0$0$1,423,554
88$2,310,975$0$0$1,481,891
89$2,406,263$0$0$1,543,443
90$2,506,848$0$0$1,608,451
91$2,613,129$0$0$1,677,178
92$2,725,544$0$0$1,749,913
93$2,844,571$0$0$1,826,968
94$2,970,731$0$0$1,908,688
95$3,104,593$0$0$1,995,448
96$3,246,781$0$0$2,087,658
97$3,397,976$0$0$2,185,766
98$3,558,924$0$0$2,290,263
99$3,730,440$0$0$2,401,689
100$3,913,419$0$0$2,520,631