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%16.5%
1 years$47,978$47,551$47,134$46,727$46,330$45,100
2 years$23,752$23,309$22,881$22,465$22,062$20,831
3 years$15,677$15,233$14,805$14,394$13,997$12,804
4 years$11,641$11,198$10,774$10,370$9,983$8,837
5 years$9,219$8,779$8,361$7,965$7,589$6,493
6 years$7,606$7,169$6,757$6,370$6,005$4,961
7 years$6,454$6,020$5,615$5,237$4,883$3,891
8 years$5,590$5,161$4,762$4,393$4,051$3,109
9 years$4,919$4,493$4,102$3,742$3,412$2,520
10 years$4,382$3,961$3,576$3,226$2,907$2,064
11 years$3,943$3,526$3,148$2,807$2,500$1,705
12 years$3,577$3,165$2,794$2,462$2,167$1,417
13 years$3,268$2,860$2,496$2,174$1,889$1,185
14 years$3,004$2,600$2,243$1,930$1,656$994
15 years$2,774$2,375$2,025$1,721$1,458$838
16 years$2,574$2,179$1,836$1,541$1,289$708
17 years$2,397$2,007$1,671$1,384$1,143$599
18 years$2,241$1,854$1,525$1,248$1,016$509
19 years$2,101$1,718$1,396$1,127$906$433
20 years$1,975$1,597$1,281$1,021$809$368
21 years$1,861$1,487$1,179$927$724$314
22 years$1,758$1,388$1,086$843$649$268
23 years$1,663$1,299$1,003$767$582$229
24 years$1,577$1,217$928$700$524$195
25 years$1,498$1,142$859$639$471$167
26 years$1,425$1,073$797$584$424$143
27 years$1,357$1,010$740$535$383$122
28 years$1,295$952$688$490$345$105
29 years$1,237$898$640$449$312$90
30 years$1,183$848$596$412$282$77
31 years$1,132$801$556$379$255$66
32 years$1,085$758$519$348$230$57
33 years$1,040$718$484$320$208$48
34 years$999$681$452$295$189$42
35 years$960$646$423$271$171$36
36 years$923$613$396$250$155$31
37 years$888$582$370$230$140$26
38 years$855$553$347$212$127$23
39 years$824$526$325$196$115$19
40 years$794$500$305$180$105$17
41 years$766$476$286$166$95$14
42 years$740$454$268$154$86$12
43 years$714$432$251$142$78$10
44 years$690$412$236$131$71$9
45 years$667$393$222$121$64$8
46 years$645$375$208$112$59$7
47 years$625$358$195$103$53$6
48 years$605$341$184$95$48$5
49 years$586$326$173$88$44$4
50 years$567$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 $581,000, adding $4,970 every year, while hoping to spend $40,914 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: 67/16/17 Blend
50$581,000$581,000$581,000$581,000
51$645,389$614,596$605,590$685,649
52$667,686$601,179$582,345$699,760
53$690,887$585,733$556,950$709,948
54$715,039$568,116$529,290$720,080
55$740,196$548,177$499,245$730,149
56$766,414$525,755$466,687$740,147
57$793,754$500,683$431,487$750,067
58$822,282$472,781$393,506$759,905
59$852,067$441,860$352,602$769,656
60$883,187$407,720$308,623$779,315
61$915,724$370,150$261,413$788,882
62$949,766$328,926$210,809$798,356
63$985,411$283,813$156,640$807,738
64$1,022,763$234,559$98,728$817,033
65$1,061,936$180,903$36,886$826,247
66$1,103,052$122,566$0$835,391
67$1,146,244$59,253$0$849,760
68$1,191,659$0$0$871,573
69$1,239,454$0$0$895,840
70$1,289,801$0$0$932,405
71$1,342,887$0$0$970,973
72$1,398,915$0$0$1,011,695
73$1,458,109$0$0$1,054,733
74$1,520,710$0$0$1,100,265
75$1,586,984$0$0$1,148,488
76$1,657,219$0$0$1,199,613
77$1,731,731$0$0$1,253,873
78$1,810,867$0$0$1,311,523
79$1,895,002$0$0$1,372,840
80$1,984,552$0$0$1,438,129
81$2,079,968$0$0$1,507,724
82$2,181,745$0$0$1,581,988
83$2,290,427$0$0$1,661,322
84$2,406,608$0$0$1,746,165
85$2,530,940$0$0$1,836,996
86$2,664,138$0$0$1,934,343
87$2,806,986$0$0$2,038,783
88$2,960,344$0$0$2,150,951
89$3,125,156$0$0$2,271,543
90$3,302,460$0$0$2,401,323
91$3,493,392$0$0$2,541,130
92$3,699,203$0$0$2,691,886
93$3,921,266$0$0$2,854,603
94$4,161,088$0$0$3,030,394
95$4,420,328$0$0$3,220,481
96$4,700,806$0$0$3,426,208
97$5,004,526$0$0$3,649,052
98$5,333,689$0$0$3,890,637
99$5,690,716$0$0$4,152,750
100$6,078,268$0$0$4,437,354