Can I retire at age 51 with 581,000?

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 $581,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$47,978$47,551$47,134$46,727$46,330$44,562
2 years$23,752$23,309$22,881$22,465$22,062$20,302
3 years$15,677$15,233$14,805$14,394$13,997$12,300
4 years$11,641$11,198$10,774$10,370$9,983$8,361
5 years$9,219$8,779$8,361$7,965$7,589$6,047
6 years$7,606$7,169$6,757$6,370$6,005$4,545
7 years$6,454$6,020$5,615$5,237$4,883$3,504
8 years$5,590$5,161$4,762$4,393$4,051$2,751
9 years$4,919$4,493$4,102$3,742$3,412$2,189
10 years$4,382$3,961$3,576$3,226$2,907$1,760
11 years$3,943$3,526$3,148$2,807$2,500$1,425
12 years$3,577$3,165$2,794$2,462$2,167$1,162
13 years$3,268$2,860$2,496$2,174$1,889$951
14 years$3,004$2,600$2,243$1,930$1,656$782
15 years$2,774$2,375$2,025$1,721$1,458$645
16 years$2,574$2,179$1,836$1,541$1,289$533
17 years$2,397$2,007$1,671$1,384$1,143$442
18 years$2,241$1,854$1,525$1,248$1,016$367
19 years$2,101$1,718$1,396$1,127$906$305
20 years$1,975$1,597$1,281$1,021$809$254
21 years$1,861$1,487$1,179$927$724$211
22 years$1,758$1,388$1,086$843$649$176
23 years$1,663$1,299$1,003$767$582$147
24 years$1,577$1,217$928$700$524$123
25 years$1,498$1,142$859$639$471$102
26 years$1,425$1,073$797$584$424$85
27 years$1,357$1,010$740$535$383$71
28 years$1,295$952$688$490$345$60
29 years$1,237$898$640$449$312$50
30 years$1,183$848$596$412$282$42
31 years$1,132$801$556$379$255$35
32 years$1,085$758$519$348$230$29
33 years$1,040$718$484$320$208$24
34 years$999$681$452$295$189$20
35 years$960$646$423$271$171$17
36 years$923$613$396$250$155$14
37 years$888$582$370$230$140$12
38 years$855$553$347$212$127$10
39 years$824$526$325$196$115$8
40 years$794$500$305$180$105$7
41 years$766$476$286$166$95$6
42 years$740$454$268$154$86$5
43 years$714$432$251$142$78$4
44 years$690$412$236$131$71$3
45 years$667$393$222$121$64$3
46 years$645$375$208$112$59$2
47 years$625$358$195$103$53$2
48 years$605$341$184$95$48$2
49 years$586$326$173$88$44$1
50 years$567$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 $581,000, adding $6,732 every year, while hoping to spend $38,898 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: 55/34/11 Blend
50$581,000$581,000$581,000$581,000
51$647,206$616,413$607,408$680,644
52$671,834$605,230$586,369$692,885
53$697,670$592,196$563,321$701,375
54$724,797$577,177$538,157$709,702
55$753,303$560,036$510,762$717,858
56$783,287$540,625$481,019$725,836
57$814,853$518,786$448,804$733,629
58$848,116$494,354$413,987$741,234
59$883,201$467,156$376,433$748,650
60$920,246$437,004$336,002$755,876
61$959,398$403,705$292,545$762,917
62$1,000,820$367,050$245,909$769,780
63$1,044,690$326,822$195,933$776,476
64$1,091,201$282,788$142,449$783,021
65$1,140,564$234,705$85,282$789,436
66$1,193,011$182,316$24,249$795,750
67$1,248,796$125,346$0$801,996
68$1,308,194$63,510$0$813,016
69$1,371,510$0$0$827,413
70$1,439,075$0$0$843,733
71$1,511,253$0$0$886,583
72$1,588,444$0$0$932,442
73$1,671,083$0$0$981,575
74$1,759,652$0$0$1,034,272
75$1,854,675$0$0$1,090,849
76$1,956,730$0$0$1,151,657
77$2,066,450$0$0$1,217,077
78$2,184,531$0$0$1,287,531
79$2,311,736$0$0$1,363,480
80$2,448,904$0$0$1,445,431
81$2,596,957$0$0$1,533,942
82$2,756,906$0$0$1,629,625
83$2,929,864$0$0$1,733,153
84$3,117,054$0$0$1,845,266
85$3,319,821$0$0$1,966,777
86$3,539,642$0$0$2,098,581
87$3,778,142$0$0$2,241,662
88$4,037,110$0$0$2,397,102
89$4,318,510$0$0$2,566,090
90$4,624,506$0$0$2,749,937
91$4,957,477$0$0$2,950,082
92$5,320,041$0$0$3,168,110
93$5,715,079$0$0$3,405,768
94$6,145,762$0$0$3,664,973
95$6,615,578$0$0$3,947,839
96$7,128,368$0$0$4,256,692
97$7,688,359$0$0$4,594,093
98$8,300,207$0$0$4,962,860
99$8,969,033$0$0$5,366,097
100$9,700,478$0$0$5,807,220