Can I retire at age 51 with 580,000?

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 $580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$47,896$47,469$47,053$46,647$46,250$44,591
2 years$23,711$23,269$22,841$22,426$22,024$20,371
3 years$15,650$15,207$14,780$14,369$13,973$12,377
4 years$11,621$11,179$10,756$10,352$9,966$8,440
5 years$9,204$8,764$8,347$7,951$7,576$6,123
6 years$7,593$7,157$6,746$6,359$5,994$4,617
7 years$6,443$6,010$5,606$5,228$4,875$3,572
8 years$5,580$5,152$4,754$4,385$4,044$2,814
9 years$4,910$4,486$4,095$3,735$3,406$2,248
10 years$4,374$3,954$3,570$3,220$2,902$1,814
11 years$3,936$3,520$3,143$2,802$2,496$1,475
12 years$3,571$3,159$2,789$2,458$2,163$1,207
13 years$3,263$2,855$2,492$2,170$1,886$992
14 years$2,998$2,595$2,239$1,926$1,653$819
15 years$2,770$2,371$2,022$1,718$1,456$679
16 years$2,570$2,175$1,833$1,538$1,287$564
17 years$2,393$2,003$1,668$1,382$1,141$469
18 years$2,237$1,851$1,522$1,246$1,014$391
19 years$2,097$1,715$1,394$1,125$904$326
20 years$1,971$1,594$1,279$1,019$808$273
21 years$1,858$1,485$1,177$925$723$228
22 years$1,754$1,386$1,084$841$648$191
23 years$1,660$1,296$1,001$766$581$160
24 years$1,574$1,215$926$699$523$134
25 years$1,495$1,140$858$638$470$113
26 years$1,422$1,071$795$583$424$95
27 years$1,355$1,008$739$534$382$79
28 years$1,293$950$687$489$345$67
29 years$1,235$896$639$449$311$56
30 years$1,181$846$595$412$281$47
31 years$1,130$800$555$378$254$40
32 years$1,083$757$518$348$230$33
33 years$1,039$717$483$320$208$28
34 years$997$680$452$294$188$23
35 years$958$645$422$271$171$20
36 years$921$612$395$249$155$17
37 years$886$581$370$230$140$14
38 years$854$552$346$212$127$12
39 years$822$525$324$195$115$10
40 years$793$500$304$180$104$8
41 years$765$476$285$166$95$7
42 years$738$453$267$153$86$6
43 years$713$431$251$142$78$5
44 years$689$411$236$131$71$4
45 years$666$392$221$121$64$3
46 years$644$374$208$111$58$3
47 years$624$357$195$103$53$2
48 years$604$341$183$95$48$2
49 years$585$326$172$88$44$2
50 years$566$311$162$81$40$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $580,000, adding $4,161 every year, while hoping to spend $33,891 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: 63/18/19 Blend
50$580,000$580,000$580,000$580,000
51$643,452$612,712$603,722$680,624
52$673,024$606,675$587,887$700,112
53$704,477$599,207$570,386$717,191
54$737,967$590,200$551,126$735,052
55$773,663$579,544$530,013$753,773
56$811,755$567,120$506,946$773,442
57$852,445$552,800$481,820$794,156
58$895,960$536,452$454,526$816,026
59$942,544$517,935$424,950$839,172
60$992,470$497,100$392,971$863,732
61$1,046,031$473,788$358,466$889,856
62$1,103,555$447,832$321,303$917,713
63$1,165,397$419,055$281,346$947,490
64$1,231,949$387,270$238,453$979,398
65$1,303,642$352,280$192,474$1,013,666
66$1,380,947$313,876$143,256$1,050,555
67$1,464,384$271,836$90,635$1,090,350
68$1,554,522$225,927$34,443$1,133,371
69$1,651,989$175,904$0$1,179,971
70$1,757,474$121,504$0$1,235,718
71$1,871,732$62,454$0$1,303,661
72$1,995,598$0$0$1,377,334
73$2,129,985$0$0$1,457,617
74$2,275,901$0$0$1,558,255
75$2,434,454$0$0$1,667,645
76$2,606,861$0$0$1,786,631
77$2,794,462$0$0$1,916,144
78$2,998,732$0$0$2,057,207
79$3,221,294$0$0$2,210,945
80$3,463,933$0$0$2,378,597
81$3,728,614$0$0$2,561,527
82$4,017,500$0$0$2,761,235
83$4,332,973$0$0$2,979,374
84$4,677,652$0$0$3,217,764
85$5,054,425$0$0$3,478,405
86$5,466,468$0$0$3,763,503
87$5,917,279$0$0$4,075,486
88$6,410,708$0$0$4,417,027
89$6,950,999$0$0$4,791,068
90$7,542,821$0$0$5,200,852
91$8,191,318$0$0$5,649,949
92$8,902,153$0$0$6,142,290
93$9,681,567$0$0$6,682,205
94$10,536,430$0$0$7,274,463
95$11,474,310$0$0$7,924,318
96$12,503,543$0$0$8,637,556
97$13,633,312$0$0$9,420,550
98$14,873,731$0$0$10,280,321
99$16,235,943$0$0$11,224,604
100$17,732,221$0$0$12,261,918