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%16.3%
1 years$47,896$47,469$47,053$46,647$46,250$45,059
2 years$23,711$23,269$22,841$22,426$22,024$20,832
3 years$15,650$15,207$14,780$14,369$13,973$12,817
4 years$11,621$11,179$10,756$10,352$9,966$8,855
5 years$9,204$8,764$8,347$7,951$7,576$6,513
6 years$7,593$7,157$6,746$6,359$5,994$4,981
7 years$6,443$6,010$5,606$5,228$4,875$3,911
8 years$5,580$5,152$4,754$4,385$4,044$3,130
9 years$4,910$4,486$4,095$3,735$3,406$2,539
10 years$4,374$3,954$3,570$3,220$2,902$2,082
11 years$3,936$3,520$3,143$2,802$2,496$1,722
12 years$3,571$3,159$2,789$2,458$2,163$1,434
13 years$3,263$2,855$2,492$2,170$1,886$1,200
14 years$2,998$2,595$2,239$1,926$1,653$1,009
15 years$2,770$2,371$2,022$1,718$1,456$851
16 years$2,570$2,175$1,833$1,538$1,287$720
17 years$2,393$2,003$1,668$1,382$1,141$611
18 years$2,237$1,851$1,522$1,246$1,014$519
19 years$2,097$1,715$1,394$1,125$904$442
20 years$1,971$1,594$1,279$1,019$808$377
21 years$1,858$1,485$1,177$925$723$322
22 years$1,754$1,386$1,084$841$648$275
23 years$1,660$1,296$1,001$766$581$235
24 years$1,574$1,215$926$699$523$201
25 years$1,495$1,140$858$638$470$172
26 years$1,422$1,071$795$583$424$148
27 years$1,355$1,008$739$534$382$127
28 years$1,293$950$687$489$345$109
29 years$1,235$896$639$449$311$93
30 years$1,181$846$595$412$281$80
31 years$1,130$800$555$378$254$69
32 years$1,083$757$518$348$230$59
33 years$1,039$717$483$320$208$51
34 years$997$680$452$294$188$44
35 years$958$645$422$271$171$37
36 years$921$612$395$249$155$32
37 years$886$581$370$230$140$28
38 years$854$552$346$212$127$24
39 years$822$525$324$195$115$20
40 years$793$500$304$180$104$18
41 years$765$476$285$166$95$15
42 years$738$453$267$153$86$13
43 years$713$431$251$142$78$11
44 years$689$411$236$131$71$10
45 years$666$392$221$121$64$8
46 years$644$374$208$111$58$7
47 years$624$357$195$103$53$6
48 years$604$341$183$95$48$5
49 years$585$326$172$88$44$4
50 years$566$311$162$81$40$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $580,000, adding $4,925 every year, while hoping to spend $37,028 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: 35/36/29 Blend
50$580,000$580,000$580,000$580,000
51$644,240$613,500$604,510$661,026
52$670,555$604,164$585,364$664,716
53$698,313$593,130$564,335$665,031
54$727,623$580,274$541,321$664,664
55$758,601$565,469$516,217$663,580
56$791,377$548,576$488,909$661,744
57$826,092$529,450$459,281$659,119
58$862,898$507,938$427,212$655,671
59$901,963$483,876$392,573$651,365
60$943,471$457,094$355,233$646,166
61$987,623$427,409$315,050$640,043
62$1,034,637$394,629$271,882$632,962
63$1,084,755$358,551$225,574$624,895
64$1,138,239$318,959$175,970$615,816
65$1,195,378$275,626$122,903$605,699
66$1,256,488$228,313$66,202$594,524
67$1,321,915$176,766$5,685$582,276
68$1,392,039$120,717$0$568,944
69$1,467,278$59,883$0$572,747
70$1,548,089$0$0$578,525
71$1,634,973$0$0$586,981
72$1,728,483$0$0$621,674
73$1,829,223$0$0$659,112
74$1,937,858$0$0$699,550
75$2,055,119$0$0$743,269
76$2,181,807$0$0$790,577
77$2,318,806$0$0$841,812
78$2,467,083$0$0$897,348
79$2,627,705$0$0$957,592
80$2,801,844$0$0$1,022,996
81$2,990,787$0$0$1,094,055
82$3,195,952$0$0$1,171,313
83$3,418,897$0$0$1,255,370
84$3,661,337$0$0$1,346,885
85$3,925,157$0$0$1,446,584
86$4,212,433$0$0$1,555,265
87$4,525,450$0$0$1,673,807
88$4,866,719$0$0$1,803,177
89$5,239,008$0$0$1,944,440
90$5,645,360$0$0$2,098,769
91$6,089,127$0$0$2,267,452
92$6,573,999$0$0$2,451,912
93$7,104,037$0$0$2,653,712
94$7,683,713$0$0$2,874,574
95$8,317,950$0$0$3,116,395
96$9,012,170$0$0$3,381,262
97$9,772,343$0$0$3,671,477
98$10,605,043$0$0$3,989,571
99$11,517,510$0$0$4,338,335
100$12,517,717$0$0$4,720,839