Can I retire at age 51 with 582,000?

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 $582,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$48,061$47,633$47,215$46,808$46,409$45,982
2 years$23,793$23,349$22,920$22,504$22,100$21,669
3 years$15,704$15,259$14,831$14,418$14,021$13,601
4 years$11,661$11,217$10,793$10,388$10,000$9,593
5 years$9,235$8,794$8,376$7,979$7,602$7,209
6 years$7,619$7,181$6,769$6,381$6,015$5,638
7 years$6,465$6,031$5,625$5,246$4,892$4,530
8 years$5,600$5,169$4,770$4,401$4,058$3,711
9 years$4,927$4,501$4,109$3,748$3,418$3,086
10 years$4,389$3,967$3,582$3,231$2,912$2,595
11 years$3,950$3,532$3,154$2,812$2,504$2,202
12 years$3,583$3,170$2,799$2,467$2,170$1,882
13 years$3,274$2,865$2,501$2,178$1,893$1,619
14 years$3,009$2,604$2,247$1,933$1,659$1,399
15 years$2,779$2,379$2,028$1,724$1,461$1,214
16 years$2,578$2,183$1,839$1,544$1,291$1,057
17 years$2,402$2,010$1,674$1,387$1,145$923
18 years$2,245$1,857$1,528$1,250$1,018$808
19 years$2,104$1,721$1,399$1,129$907$709
20 years$1,978$1,600$1,284$1,023$810$624
21 years$1,864$1,490$1,181$928$725$549
22 years$1,761$1,391$1,088$844$650$484
23 years$1,666$1,301$1,005$769$583$428
24 years$1,580$1,219$929$701$524$378
25 years$1,500$1,144$861$640$472$334
26 years$1,427$1,075$798$585$425$296
27 years$1,360$1,012$741$536$383$262
28 years$1,297$953$689$491$346$233
29 years$1,239$899$641$450$312$206
30 years$1,185$849$597$413$282$183
31 years$1,134$803$557$379$255$163
32 years$1,087$760$519$349$231$145
33 years$1,042$719$485$321$209$129
34 years$1,001$682$453$295$189$114
35 years$961$647$424$272$171$102
36 years$924$614$396$250$155$90
37 years$889$583$371$230$141$80
38 years$856$554$347$212$127$72
39 years$825$527$325$196$116$64
40 years$796$501$305$181$105$57
41 years$768$477$286$167$95$50
42 years$741$454$268$154$86$45
43 years$716$433$252$142$78$40
44 years$691$413$236$131$71$36
45 years$669$394$222$121$65$32
46 years$647$375$208$112$59$28
47 years$626$358$196$103$53$25
48 years$606$342$184$95$48$22
49 years$587$327$173$88$44$20
50 years$568$312$163$82$40$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $582,000, adding $6,880 every year, while hoping to spend $53,401 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: 51/42/7 Blend
50$582,000$582,000$582,000$582,000
51$648,461$617,615$608,594$680,053
52$657,785$591,060$572,163$675,749
53$666,272$561,413$532,723$664,738
54$673,777$528,469$490,115$651,497
55$680,144$492,005$444,175$635,829
56$685,196$451,791$394,732$617,521
57$688,737$407,579$341,607$596,341
58$690,549$359,112$284,612$572,039
59$690,390$306,113$223,552$544,344
60$687,992$248,295$158,222$512,963
61$683,054$185,349$88,410$477,576
62$675,248$116,952$13,894$437,841
63$664,204$42,764$0$393,384
64$649,516$0$0$348,700
65$630,734$0$0$317,242
66$607,357$0$0$302,931
67$578,833$0$0$285,690
68$544,550$0$0$265,174
69$503,830$0$0$241,001
70$455,924$0$0$212,748
71$400,004$0$0$179,950
72$335,153$0$0$142,090
73$260,360$0$0$98,597
74$174,505$0$0$48,841
75$76,352$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0