Can I retire at age 51 with 578,000?

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 $578,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$47,731$47,306$46,891$46,486$46,091$45,105
2 years$23,629$23,189$22,762$22,349$21,948$20,959
3 years$15,596$15,154$14,729$14,319$13,925$12,964
4 years$11,581$11,140$10,719$10,316$9,931$9,007
5 years$9,172$8,734$8,318$7,924$7,550$6,663
6 years$7,567$7,132$6,722$6,337$5,974$5,127
7 years$6,420$5,989$5,586$5,210$4,858$4,051
8 years$5,561$5,134$4,738$4,370$4,030$3,262
9 years$4,893$4,470$4,081$3,723$3,394$2,664
10 years$4,359$3,940$3,558$3,209$2,892$2,200
11 years$3,922$3,508$3,132$2,793$2,487$1,832
12 years$3,559$3,148$2,780$2,450$2,155$1,536
13 years$3,251$2,845$2,483$2,163$1,880$1,295
14 years$2,988$2,586$2,231$1,920$1,648$1,097
15 years$2,760$2,362$2,015$1,712$1,451$933
16 years$2,561$2,168$1,826$1,533$1,282$795
17 years$2,385$1,996$1,662$1,377$1,137$680
18 years$2,229$1,845$1,517$1,241$1,011$583
19 years$2,090$1,710$1,389$1,122$901$500
20 years$1,964$1,589$1,275$1,016$805$430
21 years$1,851$1,480$1,172$922$720$370
22 years$1,748$1,381$1,081$838$646$319
23 years$1,655$1,292$998$763$579$275
24 years$1,569$1,210$923$696$521$238
25 years$1,490$1,136$855$636$469$205
26 years$1,418$1,068$793$581$422$178
27 years$1,350$1,005$736$532$381$154
28 years$1,288$947$684$488$343$133
29 years$1,230$893$637$447$310$115
30 years$1,177$843$593$410$280$100
31 years$1,126$797$553$377$253$86
32 years$1,079$754$516$346$229$75
33 years$1,035$714$482$319$207$65
34 years$994$677$450$293$188$56
35 years$955$642$421$270$170$49
36 years$918$610$394$248$154$42
37 years$883$579$368$229$140$37
38 years$851$550$345$211$127$32
39 years$820$523$323$195$115$28
40 years$790$498$303$179$104$24
41 years$762$474$284$166$94$21
42 years$736$451$266$153$86$18
43 years$711$430$250$141$78$16
44 years$687$410$235$130$71$14
45 years$664$391$220$120$64$12
46 years$642$373$207$111$58$10
47 years$621$356$194$103$53$9
48 years$601$340$183$95$48$8
49 years$583$324$172$88$44$7
50 years$564$310$162$81$40$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $578,000, adding $5,829 every year, while hoping to spend $47,200 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: 79/9/12 Blend
50$578,000$578,000$578,000$578,000
51$642,969$612,335$603,376$691,862
52$658,331$592,119$573,368$704,611
53$673,678$569,330$540,774$711,919
54$688,959$543,793$505,455$718,577
55$704,116$515,322$467,271$724,498
56$719,082$483,719$426,071$729,588
57$733,784$448,777$381,700$733,745
58$748,138$410,275$333,995$736,855
59$762,051$367,981$282,787$738,793
60$775,418$321,650$227,897$739,423
61$788,120$271,020$169,142$738,595
62$800,027$215,819$106,327$736,145
63$810,992$155,755$39,250$731,893
64$820,849$90,524$0$725,641
65$829,417$19,800$0$721,312
66$836,491$0$0$720,160
67$841,844$0$0$722,543
68$845,225$0$0$725,160
69$846,352$0$0$725,805
70$844,914$0$0$724,206
71$840,564$0$0$720,062
72$832,919$0$0$713,037
73$821,553$0$0$702,762
74$805,993$0$0$688,823
75$785,717$0$0$670,765
76$760,144$0$0$648,084
77$728,632$0$0$620,220
78$690,471$0$0$586,553
79$644,875$0$0$546,399
80$590,972$0$0$499,000
81$527,802$0$0$443,517
82$454,300$0$0$379,025
83$369,290$0$0$304,497
84$271,471$0$0$218,803
85$159,407$0$0$120,690
86$31,510$0$0$8,775
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0