Can I retire at age 51 with 580,000?

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 $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%18.3%
1 years$47,896$47,469$47,053$46,647$46,250$44,698
2 years$23,711$23,269$22,841$22,426$22,024$20,475
3 years$15,650$15,207$14,780$14,369$13,973$12,477
4 years$11,621$11,179$10,756$10,352$9,966$8,533
5 years$9,204$8,764$8,347$7,951$7,576$6,211
6 years$7,593$7,157$6,746$6,359$5,994$4,698
7 years$6,443$6,010$5,606$5,228$4,875$3,647
8 years$5,580$5,152$4,754$4,385$4,044$2,884
9 years$4,910$4,486$4,095$3,735$3,406$2,312
10 years$4,374$3,954$3,570$3,220$2,902$1,872
11 years$3,936$3,520$3,143$2,802$2,496$1,529
12 years$3,571$3,159$2,789$2,458$2,163$1,256
13 years$3,263$2,855$2,492$2,170$1,886$1,037
14 years$2,998$2,595$2,239$1,926$1,653$860
15 years$2,770$2,371$2,022$1,718$1,456$715
16 years$2,570$2,175$1,833$1,538$1,287$596
17 years$2,393$2,003$1,668$1,382$1,141$499
18 years$2,237$1,851$1,522$1,246$1,014$417
19 years$2,097$1,715$1,394$1,125$904$350
20 years$1,971$1,594$1,279$1,019$808$294
21 years$1,858$1,485$1,177$925$723$247
22 years$1,754$1,386$1,084$841$648$208
23 years$1,660$1,296$1,001$766$581$175
24 years$1,574$1,215$926$699$523$148
25 years$1,495$1,140$858$638$470$124
26 years$1,422$1,071$795$583$424$105
27 years$1,355$1,008$739$534$382$88
28 years$1,293$950$687$489$345$75
29 years$1,235$896$639$449$311$63
30 years$1,181$846$595$412$281$53
31 years$1,130$800$555$378$254$45
32 years$1,083$757$518$348$230$38
33 years$1,039$717$483$320$208$32
34 years$997$680$452$294$188$27
35 years$958$645$422$271$171$23
36 years$921$612$395$249$155$19
37 years$886$581$370$230$140$16
38 years$854$552$346$212$127$14
39 years$822$525$324$195$115$12
40 years$793$500$304$180$104$10
41 years$765$476$285$166$95$8
42 years$738$453$267$153$86$7
43 years$713$431$251$142$78$6
44 years$689$411$236$131$71$5
45 years$666$392$221$121$64$4
46 years$644$374$208$111$58$4
47 years$624$357$195$103$53$3
48 years$604$341$183$95$48$3
49 years$585$326$172$88$44$2
50 years$566$311$162$81$40$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $580,000, adding $3,445 every year, while hoping to spend $23,452 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: 67/24/9 Blend
50$580,000$580,000$580,000$580,000
51$642,714$611,974$602,984$684,403
52$683,318$617,007$598,231$717,577
53$727,277$621,502$592,533$750,701
54$774,910$625,406$585,833$786,297
55$826,565$628,665$578,073$824,604
56$882,626$631,221$569,190$865,885
57$943,516$633,013$559,119$910,431
58$1,009,698$633,974$547,793$958,561
59$1,081,684$634,036$535,141$1,010,629
60$1,160,036$633,124$521,089$1,067,024
61$1,245,373$631,161$505,559$1,128,176
62$1,338,375$628,061$488,469$1,194,560
63$1,439,792$623,739$469,735$1,266,698
64$1,550,447$618,098$449,268$1,345,167
65$1,671,249$611,041$426,974$1,430,605
66$1,803,196$602,462$402,758$1,523,712
67$1,947,389$592,250$376,517$1,625,264
68$2,105,037$580,285$348,145$1,736,115
69$2,277,475$566,442$317,532$1,857,208
70$2,466,170$550,590$284,561$1,989,581
71$2,672,738$532,588$249,112$2,134,383
72$2,898,958$512,286$211,059$2,292,878
73$3,146,792$489,528$170,270$2,466,462
74$3,418,398$464,148$126,606$2,656,673
75$3,716,152$435,968$79,925$2,865,209
76$4,042,672$404,804$30,076$3,093,943
77$4,400,844$370,458$0$3,344,940
78$4,793,842$332,723$0$3,622,698
79$5,225,165$291,377$0$3,930,735
80$5,698,668$246,191$0$4,268,946
81$6,218,594$196,916$0$4,640,405
82$6,789,621$143,296$0$5,048,499
83$7,416,900$85,055$0$5,496,961
84$8,106,105$21,904$0$5,989,910
85$8,863,489$0$0$6,531,884
86$9,695,939$0$0$7,140,158
87$10,611,042$0$0$7,815,225
88$11,617,158$0$0$8,557,472
89$12,723,498$0$0$9,373,698
90$13,940,208$0$0$10,271,396
91$15,278,469$0$0$11,258,819
92$16,750,597$0$0$12,345,061
93$18,370,165$0$0$13,540,141
94$20,152,125$0$0$14,855,100
95$22,112,954$0$0$16,302,102
96$24,270,804$0$0$17,894,549
97$26,645,679$0$0$19,647,209
98$29,259,617$0$0$21,576,354
99$32,136,904$0$0$23,699,913
100$35,304,297$0$0$26,037,642