Can I retire at age 51 with 579,000?

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 $579,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$47,813$47,387$46,972$46,566$46,170$45,688
2 years$23,670$23,229$22,802$22,388$21,986$21,500
3 years$15,623$15,180$14,754$14,344$13,949$13,475
4 years$11,601$11,159$10,737$10,334$9,948$9,490
5 years$9,188$8,749$8,333$7,938$7,563$7,121
6 years$7,580$7,144$6,734$6,348$5,984$5,559
7 years$6,431$6,000$5,596$5,219$4,867$4,459
8 years$5,571$5,143$4,746$4,378$4,037$3,647
9 years$4,902$4,478$4,088$3,729$3,400$3,027
10 years$4,367$3,947$3,564$3,214$2,897$2,541
11 years$3,929$3,514$3,137$2,798$2,491$2,152
12 years$3,565$3,154$2,784$2,454$2,159$1,836
13 years$3,257$2,850$2,488$2,166$1,883$1,576
14 years$2,993$2,591$2,235$1,923$1,650$1,359
15 years$2,765$2,367$2,018$1,715$1,453$1,177
16 years$2,565$2,171$1,830$1,536$1,284$1,023
17 years$2,389$2,000$1,665$1,380$1,139$891
18 years$2,233$1,848$1,520$1,243$1,013$779
19 years$2,093$1,713$1,391$1,124$902$682
20 years$1,968$1,591$1,277$1,018$806$598
21 years$1,854$1,482$1,175$924$721$526
22 years$1,751$1,384$1,082$840$647$463
23 years$1,658$1,294$999$765$580$408
24 years$1,572$1,212$924$697$522$359
25 years$1,493$1,138$856$637$469$317
26 years$1,420$1,069$794$582$423$280
27 years$1,353$1,006$737$533$381$248
28 years$1,290$948$685$488$344$219
29 years$1,233$895$638$448$311$194
30 years$1,179$845$594$411$281$172
31 years$1,128$799$554$378$254$152
32 years$1,081$756$517$347$230$135
33 years$1,037$716$483$319$208$120
34 years$995$678$451$294$188$106
35 years$956$643$422$270$170$94
36 years$920$611$394$249$154$83
37 years$885$580$369$229$140$74
38 years$852$551$346$211$127$66
39 years$821$524$324$195$115$58
40 years$792$499$304$180$104$52
41 years$764$475$285$166$95$46
42 years$737$452$267$153$86$41
43 years$712$431$251$141$78$36
44 years$688$411$235$130$71$32
45 years$665$392$221$120$64$29
46 years$643$374$207$111$58$25
47 years$622$356$195$103$53$23
48 years$603$340$183$95$48$20
49 years$584$325$172$88$44$18
50 years$565$310$162$81$40$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $579,000, adding $3,319 every year, while hoping to spend $52,557 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: 81/5/14 Blend
50$579,000$579,000$579,000$579,000
51$641,482$610,795$601,820$691,405
52$650,992$584,803$566,061$698,685
53$659,712$555,777$527,342$699,501
54$667,504$523,511$485,509$698,874
55$674,216$487,790$440,401$696,634
56$679,680$448,386$391,848$692,593
57$683,707$405,057$339,675$686,545
58$686,088$357,547$283,697$678,263
59$686,590$305,588$223,722$667,499
60$684,955$248,894$159,549$653,977
61$680,895$187,165$90,968$637,395
62$674,093$120,082$17,762$617,421
63$664,194$47,310$0$593,690
64$650,809$0$0$574,816
65$633,502$0$0$556,490
66$611,794$0$0$536,830
67$585,152$0$0$512,757
68$552,988$0$0$483,746
69$514,650$0$0$449,214
70$469,417$0$0$408,517
71$416,492$0$0$360,945
72$354,994$0$0$305,709
73$283,947$0$0$241,939
74$202,274$0$0$168,674
75$108,787$0$0$84,851
76$2,168$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
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