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%11.7%
1 years$48,061$47,633$47,215$46,808$46,409$46,078
2 years$23,793$23,349$22,920$22,504$22,100$21,766
3 years$15,704$15,259$14,831$14,418$14,021$13,695
4 years$11,661$11,217$10,793$10,388$10,000$9,684
5 years$9,235$8,794$8,376$7,979$7,602$7,297
6 years$7,619$7,181$6,769$6,381$6,015$5,721
7 years$6,465$6,031$5,625$5,246$4,892$4,610
8 years$5,600$5,169$4,770$4,401$4,058$3,788
9 years$4,927$4,501$4,109$3,748$3,418$3,158
10 years$4,389$3,967$3,582$3,231$2,912$2,664
11 years$3,950$3,532$3,154$2,812$2,504$2,268
12 years$3,583$3,170$2,799$2,467$2,170$1,944
13 years$3,274$2,865$2,501$2,178$1,893$1,677
14 years$3,009$2,604$2,247$1,933$1,659$1,454
15 years$2,779$2,379$2,028$1,724$1,461$1,266
16 years$2,578$2,183$1,839$1,544$1,291$1,106
17 years$2,402$2,010$1,674$1,387$1,145$970
18 years$2,245$1,857$1,528$1,250$1,018$852
19 years$2,104$1,721$1,399$1,129$907$750
20 years$1,978$1,600$1,284$1,023$810$662
21 years$1,864$1,490$1,181$928$725$585
22 years$1,761$1,391$1,088$844$650$518
23 years$1,666$1,301$1,005$769$583$459
24 years$1,580$1,219$929$701$524$407
25 years$1,500$1,144$861$640$472$362
26 years$1,427$1,075$798$585$425$322
27 years$1,360$1,012$741$536$383$286
28 years$1,297$953$689$491$346$255
29 years$1,239$899$641$450$312$227
30 years$1,185$849$597$413$282$202
31 years$1,134$803$557$379$255$180
32 years$1,087$760$519$349$231$161
33 years$1,042$719$485$321$209$144
34 years$1,001$682$453$295$189$128
35 years$961$647$424$272$171$115
36 years$924$614$396$250$155$102
37 years$889$583$371$230$141$91
38 years$856$554$347$212$127$82
39 years$825$527$325$196$116$73
40 years$796$501$305$181$105$65
41 years$768$477$286$167$95$58
42 years$741$454$268$154$86$52
43 years$716$433$252$142$78$47
44 years$691$413$236$131$71$42
45 years$669$394$222$121$65$37
46 years$647$375$208$112$59$33
47 years$626$358$196$103$53$30
48 years$606$342$184$95$48$27
49 years$587$327$173$88$44$24
50 years$568$312$163$82$40$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $582,000, adding $6,114 every year, while hoping to spend $33,234 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: 24/49/27 Blend
50$582,000$582,000$582,000$582,000
51$647,671$616,825$607,804$657,592
52$678,372$611,688$592,804$661,283
53$711,092$605,186$576,189$662,023
54$745,999$597,217$557,867$662,112
55$783,283$587,672$537,747$661,520
56$823,146$576,437$515,731$660,215
57$865,815$563,390$491,716$658,165
58$911,536$548,403$465,595$655,340
59$960,578$531,341$437,258$651,710
60$1,013,238$512,058$406,588$647,248
61$1,069,843$490,403$373,463$641,926
62$1,130,748$466,214$337,755$635,722
63$1,196,347$439,321$299,333$628,614
64$1,267,070$409,544$258,056$620,585
65$1,343,391$376,691$213,781$611,622
66$1,425,830$340,562$166,355$601,717
67$1,514,958$300,943$115,622$590,867
68$1,611,404$257,609$61,415$579,077
69$1,715,857$210,322$3,562$566,358
70$1,829,077$158,831$0$552,734
71$1,951,900$102,870$0$554,995
72$2,085,242$42,159$0$558,610
73$2,230,114$0$0$562,667
74$2,387,626$0$0$580,023
75$2,559,001$0$0$623,728
76$2,745,584$0$0$671,403
77$2,948,852$0$0$723,439
78$3,170,436$0$0$780,264
79$3,412,127$0$0$842,352
80$3,675,896$0$0$910,221
81$3,963,916$0$0$984,444
82$4,278,575$0$0$1,065,651
83$4,622,506$0$0$1,154,536
84$4,998,604$0$0$1,251,864
85$5,410,059$0$0$1,358,476
86$5,860,383$0$0$1,475,297
87$6,353,443$0$0$1,603,350
88$6,893,497$0$0$1,743,758
89$7,485,234$0$0$1,897,758
90$8,133,819$0$0$2,066,715
91$8,844,941$0$0$2,252,130
92$9,624,863$0$0$2,455,658
93$10,480,486$0$0$2,679,120
94$11,419,410$0$0$2,924,525
95$12,450,007$0$0$3,194,083
96$13,581,498$0$0$3,490,231
97$14,824,041$0$0$3,815,652
98$16,188,826$0$0$4,173,303
99$17,688,180$0$0$4,566,440
100$19,335,683$0$0$4,998,652