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%14.6%
1 years$48,226$47,797$47,377$46,968$46,569$45,685
2 years$23,874$23,430$22,999$22,581$22,176$21,288
3 years$15,758$15,312$14,882$14,468$14,069$13,206
4 years$11,701$11,256$10,830$10,423$10,034$9,203
5 years$9,267$8,825$8,405$8,006$7,628$6,830
6 years$7,645$7,206$6,792$6,403$6,036$5,272
7 years$6,487$6,052$5,644$5,264$4,909$4,179
8 years$5,619$5,187$4,787$4,416$4,072$3,377
9 years$4,944$4,516$4,123$3,761$3,429$2,768
10 years$4,404$3,981$3,594$3,242$2,922$2,294
11 years$3,963$3,544$3,164$2,822$2,513$1,918
12 years$3,596$3,181$2,808$2,475$2,178$1,615
13 years$3,285$2,875$2,509$2,185$1,899$1,367
14 years$3,019$2,613$2,254$1,940$1,665$1,162
15 years$2,789$2,387$2,035$1,730$1,466$992
16 years$2,587$2,190$1,845$1,549$1,295$850
17 years$2,410$2,017$1,679$1,392$1,149$730
18 years$2,252$1,864$1,533$1,254$1,021$628
19 years$2,111$1,727$1,403$1,133$910$541
20 years$1,985$1,605$1,288$1,026$813$468
21 years$1,870$1,495$1,185$931$728$404
22 years$1,767$1,396$1,092$847$652$350
23 years$1,672$1,305$1,008$771$585$304
24 years$1,585$1,223$932$703$526$263
25 years$1,506$1,148$864$642$474$229
26 years$1,432$1,079$801$587$427$199
27 years$1,364$1,015$744$538$385$173
28 years$1,302$957$691$493$347$150
29 years$1,243$902$643$452$313$131
30 years$1,189$852$599$415$283$114
31 years$1,138$806$559$381$256$99
32 years$1,090$762$521$350$232$86
33 years$1,046$722$487$322$210$75
34 years$1,004$684$455$296$190$65
35 years$965$649$425$273$172$57
36 years$928$616$398$251$156$50
37 years$893$585$372$231$141$43
38 years$859$556$349$213$128$38
39 years$828$529$327$197$116$33
40 years$798$503$306$181$105$29
41 years$770$479$287$167$95$25
42 years$744$456$269$154$87$22
43 years$718$434$253$143$79$19
44 years$694$414$237$132$71$17
45 years$671$395$223$122$65$15
46 years$649$377$209$112$59$13
47 years$628$360$197$104$53$11
48 years$608$343$185$96$49$10
49 years$589$328$174$89$44$8
50 years$570$313$163$82$40$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $584,000, adding $5,129 every year, while hoping to spend $37,204 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: 40/35/25 Blend
50$584,000$584,000$584,000$584,000
51$648,859$617,907$608,855$669,843
52$675,457$608,599$589,666$676,169
53$703,522$597,589$568,589$679,135
54$733,164$584,753$545,518$681,612
55$764,502$569,961$520,349$683,580
56$797,668$553,076$492,967$685,017
57$832,805$533,952$463,257$685,901
58$870,071$512,435$431,095$686,214
59$909,635$488,362$396,354$685,939
60$951,686$461,559$358,900$685,060
61$996,428$431,846$318,593$683,565
62$1,044,085$399,028$275,288$681,443
63$1,094,903$362,901$228,831$678,689
64$1,149,150$323,251$179,064$675,302
65$1,207,122$279,848$125,821$671,284
66$1,269,140$232,453$68,928$666,644
67$1,335,560$180,810$8,204$661,400
68$1,406,769$124,652$0$655,574
69$1,483,193$63,693$0$664,296
70$1,565,299$0$0$675,830
71$1,653,602$0$0$689,004
72$1,748,663$0$0$729,650
73$1,851,102$0$0$773,509
74$1,961,599$0$0$820,878
75$2,080,899$0$0$872,086
76$2,209,823$0$0$927,493
77$2,349,272$0$0$987,494
78$2,500,238$0$0$1,052,526
79$2,663,809$0$0$1,123,067
80$2,841,184$0$0$1,199,642
81$3,033,679$0$0$1,282,833
82$3,242,745$0$0$1,373,275
83$3,469,973$0$0$1,471,669
84$3,717,117$0$0$1,578,786
85$3,986,105$0$0$1,695,475
86$4,279,061$0$0$1,822,670
87$4,598,319$0$0$1,961,397
88$4,946,449$0$0$2,112,788
89$5,326,280$0$0$2,278,088
90$5,740,926$0$0$2,458,667
91$6,193,813$0$0$2,656,034
92$6,688,715$0$0$2,871,850
93$7,229,787$0$0$3,107,943
94$7,821,600$0$0$3,366,328
95$8,469,191$0$0$3,649,221
96$9,178,104$0$0$3,959,064
97$9,954,447$0$0$4,298,546
98$10,804,941$0$0$4,670,629
99$11,736,993$0$0$5,078,573
100$12,758,757$0$0$5,525,972