Can I retire at age 51 with 577,000?

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 $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%16.2%
1 years$47,648$47,224$46,810$46,405$46,011$44,844
2 years$23,588$23,149$22,723$22,310$21,910$20,742
3 years$15,569$15,128$14,703$14,294$13,901$12,768
4 years$11,561$11,121$10,700$10,298$9,914$8,825
5 years$9,156$8,719$8,304$7,910$7,536$6,495
6 years$7,553$7,120$6,711$6,326$5,963$4,970
7 years$6,409$5,979$5,577$5,201$4,850$3,905
8 years$5,551$5,125$4,729$4,363$4,023$3,126
9 years$4,885$4,462$4,073$3,716$3,388$2,538
10 years$4,352$3,933$3,551$3,203$2,887$2,083
11 years$3,916$3,502$3,127$2,788$2,483$1,723
12 years$3,553$3,143$2,775$2,445$2,152$1,436
13 years$3,246$2,840$2,479$2,159$1,876$1,202
14 years$2,983$2,582$2,227$1,916$1,645$1,011
15 years$2,755$2,358$2,011$1,709$1,448$854
16 years$2,556$2,164$1,823$1,530$1,280$723
17 years$2,381$1,993$1,659$1,375$1,135$614
18 years$2,225$1,841$1,515$1,239$1,009$522
19 years$2,086$1,707$1,387$1,120$899$445
20 years$1,961$1,586$1,272$1,014$803$379
21 years$1,848$1,477$1,170$920$719$324
22 years$1,745$1,379$1,079$837$644$277
23 years$1,652$1,290$996$762$578$237
24 years$1,566$1,208$921$695$520$203
25 years$1,488$1,134$853$635$468$174
26 years$1,415$1,066$791$580$421$150
27 years$1,348$1,003$735$531$380$128
28 years$1,286$945$683$487$343$110
29 years$1,228$892$636$446$310$95
30 years$1,175$842$592$410$280$81
31 years$1,124$796$552$376$253$70
32 years$1,077$753$515$346$229$60
33 years$1,033$713$481$318$207$52
34 years$992$676$449$293$187$44
35 years$953$641$420$269$170$38
36 years$916$609$393$248$154$33
37 years$882$578$368$229$139$28
38 years$849$549$344$211$126$24
39 years$818$522$323$194$115$21
40 years$789$497$302$179$104$18
41 years$761$473$284$165$94$15
42 years$735$451$266$153$86$13
43 years$709$429$250$141$78$11
44 years$686$409$234$130$70$10
45 years$663$390$220$120$64$8
46 years$641$372$207$111$58$7
47 years$620$355$194$102$53$6
48 years$600$339$182$95$48$5
49 years$581$324$171$88$44$5
50 years$563$309$161$81$40$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $577,000, adding $3,331 every year, while hoping to spend $38,833 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: 25/47/28 Blend
50$577,000$577,000$577,000$577,000
51$639,290$608,709$599,765$649,597
52$663,179$597,218$578,540$646,963
53$688,204$583,862$555,301$640,623
54$714,439$568,509$529,942$633,020
55$741,965$551,019$502,348$624,076
56$770,870$531,244$472,401$613,706
57$801,250$509,026$439,978$601,824
58$833,209$484,200$404,949$588,340
59$866,860$456,589$367,178$573,159
60$902,327$426,009$326,525$556,183
61$939,743$392,262$282,843$537,308
62$979,255$355,141$235,976$516,429
63$1,021,022$314,426$185,764$493,435
64$1,065,219$269,885$132,040$468,211
65$1,112,035$221,274$74,628$440,637
66$1,161,679$168,333$13,344$410,591
67$1,214,378$110,789$0$377,945
68$1,270,379$48,352$0$358,120
69$1,329,955$0$0$340,693
70$1,393,402$0$0$331,568
71$1,461,047$0$0$348,556
72$1,533,245$0$0$366,746
73$1,610,387$0$0$386,246
74$1,692,901$0$0$407,170
75$1,781,256$0$0$429,646
76$1,875,968$0$0$453,815
77$1,977,601$0$0$479,830
78$2,086,774$0$0$507,860
79$2,204,168$0$0$538,090
80$2,330,529$0$0$570,724
81$2,466,677$0$0$605,985
82$2,613,513$0$0$644,121
83$2,772,027$0$0$685,400
84$2,943,304$0$0$730,121
85$3,128,541$0$0$778,610
86$3,329,049$0$0$831,226
87$3,546,274$0$0$888,364
88$3,781,802$0$0$950,460
89$4,037,379$0$0$1,017,992
90$4,314,924$0$0$1,091,485
91$4,616,550$0$0$1,171,519
92$4,944,578$0$0$1,258,730
93$5,301,566$0$0$1,353,820
94$5,690,325$0$0$1,457,559
95$6,113,948$0$0$1,570,799
96$6,575,843$0$0$1,694,473
97$7,079,756$0$0$1,829,610
98$7,629,814$0$0$1,977,344
99$8,230,557$0$0$2,138,921
100$8,886,985$0$0$2,315,716