Can I retire at age 51 with 585,000?

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 $585,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$48,309$47,878$47,459$47,049$46,649$45,990
2 years$23,915$23,470$23,038$22,620$22,214$21,551
3 years$15,785$15,338$14,907$14,493$14,093$13,447
4 years$11,721$11,275$10,849$10,441$10,051$9,428
5 years$9,283$8,840$8,419$8,020$7,641$7,041
6 years$7,658$7,218$6,804$6,413$6,046$5,470
7 years$6,498$6,062$5,654$5,273$4,917$4,366
8 years$5,628$5,196$4,795$4,423$4,079$3,553
9 years$4,952$4,524$4,130$3,768$3,435$2,933
10 years$4,412$3,988$3,601$3,248$2,927$2,449
11 years$3,970$3,550$3,170$2,827$2,517$2,063
12 years$3,602$3,186$2,813$2,479$2,181$1,750
13 years$3,291$2,880$2,513$2,189$1,902$1,493
14 years$3,024$2,617$2,258$1,943$1,668$1,280
15 years$2,793$2,391$2,039$1,733$1,468$1,102
16 years$2,592$2,194$1,849$1,552$1,298$951
17 years$2,414$2,020$1,682$1,394$1,151$824
18 years$2,256$1,867$1,536$1,256$1,023$715
19 years$2,115$1,730$1,406$1,135$912$622
20 years$1,988$1,608$1,290$1,028$814$542
21 years$1,874$1,498$1,187$933$729$473
22 years$1,770$1,398$1,094$848$653$414
23 years$1,675$1,308$1,010$773$586$362
24 years$1,588$1,225$934$705$527$317
25 years$1,508$1,150$865$644$474$278
26 years$1,435$1,080$802$588$427$244
27 years$1,367$1,017$745$539$385$214
28 years$1,304$958$693$493$348$188
29 years$1,245$904$644$453$314$165
30 years$1,191$854$600$415$284$145
31 years$1,140$807$560$381$256$128
32 years$1,092$764$522$351$232$112
33 years$1,048$723$488$322$210$99
34 years$1,006$685$456$297$190$87
35 years$966$650$426$273$172$77
36 years$929$617$398$251$156$67
37 years$894$586$373$232$141$59
38 years$861$557$349$214$128$52
39 years$830$530$327$197$116$46
40 years$800$504$307$182$105$41
41 years$772$480$288$168$96$36
42 years$745$457$270$155$87$31
43 years$719$435$253$143$79$28
44 years$695$415$238$132$71$24
45 years$672$396$223$122$65$22
46 years$650$377$210$112$59$19
47 years$629$360$197$104$53$17
48 years$609$344$185$96$49$15
49 years$590$328$174$89$44$13
50 years$571$314$163$82$40$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $585,000, adding $2,061 every year, while hoping to spend $48,266 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: 38/41/21 Blend
50$585,000$585,000$585,000$585,000
51$646,796$615,791$606,723$667,238
52$661,414$594,610$575,694$661,039
53$675,906$570,774$542,007$649,651
54$690,208$544,101$505,524$636,360
55$704,247$514,399$466,097$621,021
56$717,943$481,467$423,573$603,481
57$731,204$445,090$377,794$583,573
58$743,929$405,042$328,592$561,124
59$756,003$361,083$275,794$535,943
60$767,299$312,959$219,217$507,829
61$777,674$260,405$158,671$476,566
62$786,969$203,136$93,958$441,924
63$795,006$140,856$24,872$403,655
64$801,587$73,249$0$361,493
65$806,492$0$0$326,102
66$809,477$0$0$292,898
67$810,269$0$0$291,778
68$808,566$0$0$289,567
69$804,033$0$0$286,124
70$796,296$0$0$281,292
71$784,943$0$0$274,894
72$769,515$0$0$266,739
73$749,506$0$0$256,612
74$724,354$0$0$244,275
75$693,436$0$0$229,468
76$656,062$0$0$211,898
77$611,471$0$0$191,246
78$558,820$0$0$167,156
79$497,174$0$0$139,236
80$425,504$0$0$107,051
81$342,668$0$0$70,121
82$247,406$0$0$27,918
83$138,326$0$0$0
84$13,889$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