Can I retire at age 51 with 584,000?

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 $584,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$48,226$47,797$47,377$46,968$46,569$45,169
2 years$23,874$23,430$22,999$22,581$22,176$20,777
3 years$15,758$15,312$14,882$14,468$14,069$12,715
4 years$11,701$11,256$10,830$10,423$10,034$8,736
5 years$9,267$8,825$8,405$8,006$7,628$6,389
6 years$7,645$7,206$6,792$6,403$6,036$4,857
7 years$6,487$6,052$5,644$5,264$4,909$3,790
8 years$5,619$5,187$4,787$4,416$4,072$3,013
9 years$4,944$4,516$4,123$3,761$3,429$2,428
10 years$4,404$3,981$3,594$3,242$2,922$1,978
11 years$3,963$3,544$3,164$2,822$2,513$1,624
12 years$3,596$3,181$2,808$2,475$2,178$1,342
13 years$3,285$2,875$2,509$2,185$1,899$1,115
14 years$3,019$2,613$2,254$1,940$1,665$930
15 years$2,789$2,387$2,035$1,730$1,466$779
16 years$2,587$2,190$1,845$1,549$1,295$654
17 years$2,410$2,017$1,679$1,392$1,149$550
18 years$2,252$1,864$1,533$1,254$1,021$464
19 years$2,111$1,727$1,403$1,133$910$392
20 years$1,985$1,605$1,288$1,026$813$331
21 years$1,870$1,495$1,185$931$728$280
22 years$1,767$1,396$1,092$847$652$237
23 years$1,672$1,305$1,008$771$585$201
24 years$1,585$1,223$932$703$526$171
25 years$1,506$1,148$864$642$474$145
26 years$1,432$1,079$801$587$427$123
27 years$1,364$1,015$744$538$385$105
28 years$1,302$957$691$493$347$89
29 years$1,243$902$643$452$313$76
30 years$1,189$852$599$415$283$64
31 years$1,138$806$559$381$256$55
32 years$1,090$762$521$350$232$47
33 years$1,046$722$487$322$210$40
34 years$1,004$684$455$296$190$34
35 years$965$649$425$273$172$29
36 years$928$616$398$251$156$24
37 years$893$585$372$231$141$21
38 years$859$556$349$213$128$18
39 years$828$529$327$197$116$15
40 years$798$503$306$181$105$13
41 years$770$479$287$167$95$11
42 years$744$456$269$154$87$9
43 years$718$434$253$143$79$8
44 years$694$414$237$132$71$7
45 years$671$395$223$122$65$6
46 years$649$377$209$112$59$5
47 years$628$360$197$104$53$4
48 years$608$343$185$96$49$4
49 years$589$328$174$89$44$3
50 years$570$313$163$82$40$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $584,000, adding $3,234 every year, while hoping to spend $43,886 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: 84/11/5 Blend
50$584,000$584,000$584,000$584,000
51$646,904$615,952$606,900$700,953
52$666,194$599,439$580,537$720,181
53$685,980$580,646$551,819$734,981
54$706,268$559,416$520,623$749,840
55$727,060$535,580$486,816$764,734
56$748,358$508,961$450,263$779,639
57$770,164$479,373$410,820$794,526
58$792,476$446,618$368,338$809,365
59$815,292$410,486$322,661$824,120
60$838,608$370,757$273,626$838,754
61$862,418$327,195$221,064$853,226
62$886,711$279,554$164,797$867,490
63$911,477$227,573$104,638$881,494
64$936,699$170,977$40,396$895,184
65$962,361$109,473$0$908,498
66$988,439$42,754$0$922,872
67$1,014,906$0$0$939,127
68$1,041,730$0$0$958,609
69$1,068,875$0$0$983,556
70$1,096,296$0$0$1,008,754
71$1,123,944$0$0$1,034,156
72$1,151,760$0$0$1,059,708
73$1,179,679$0$0$1,085,349
74$1,207,624$0$0$1,111,008
75$1,235,510$0$0$1,136,604
76$1,263,238$0$0$1,162,049
77$1,290,698$0$0$1,187,238
78$1,317,765$0$0$1,212,056
79$1,344,299$0$0$1,236,373
80$1,370,141$0$0$1,260,042
81$1,395,114$0$0$1,282,899
82$1,419,019$0$0$1,304,758
83$1,441,632$0$0$1,325,413
84$1,462,705$0$0$1,344,634
85$1,481,959$0$0$1,362,162
86$1,499,083$0$0$1,377,710
87$1,513,733$0$0$1,390,957
88$1,525,521$0$0$1,401,546
89$1,534,020$0$0$1,409,079
90$1,538,752$0$0$1,413,114
91$1,539,186$0$0$1,413,161
92$1,534,735$0$0$1,408,674
93$1,524,744$0$0$1,399,048
94$1,508,488$0$0$1,383,610
95$1,485,162$0$0$1,361,616
96$1,453,877$0$0$1,332,241
97$1,413,642$0$0$1,294,569
98$1,363,365$0$0$1,247,587
99$1,301,834$0$0$1,190,174
100$1,227,708$0$0$1,121,087