Can I retire at age 51 with 586,000?

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 $586,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$48,391$47,960$47,540$47,129$46,728$46,049
2 years$23,956$23,510$23,078$22,658$22,252$21,569
3 years$15,812$15,364$14,933$14,517$14,117$13,452
4 years$11,741$11,294$10,867$10,459$10,069$9,426
5 years$9,299$8,855$8,433$8,033$7,654$7,036
6 years$7,671$7,231$6,815$6,424$6,056$5,464
7 years$6,509$6,072$5,664$5,282$4,925$4,358
8 years$5,638$5,205$4,803$4,431$4,086$3,544
9 years$4,961$4,532$4,137$3,774$3,441$2,924
10 years$4,419$3,995$3,607$3,253$2,932$2,440
11 years$3,977$3,556$3,175$2,831$2,522$2,054
12 years$3,608$3,192$2,818$2,483$2,185$1,741
13 years$3,296$2,885$2,518$2,193$1,906$1,485
14 years$3,029$2,622$2,262$1,946$1,670$1,272
15 years$2,798$2,395$2,042$1,736$1,471$1,094
16 years$2,596$2,198$1,852$1,554$1,300$944
17 years$2,418$2,024$1,685$1,396$1,153$817
18 years$2,260$1,870$1,538$1,258$1,025$709
19 years$2,119$1,733$1,408$1,137$913$616
20 years$1,992$1,611$1,292$1,030$816$537
21 years$1,877$1,500$1,189$935$730$468
22 years$1,773$1,400$1,096$850$654$409
23 years$1,678$1,310$1,012$774$587$357
24 years$1,591$1,227$936$706$528$313
25 years$1,511$1,152$866$645$475$274
26 years$1,437$1,082$804$589$428$240
27 years$1,369$1,019$746$540$386$210
28 years$1,306$960$694$494$348$185
29 years$1,247$905$646$453$314$162
30 years$1,193$855$601$416$284$142
31 years$1,142$808$561$382$257$125
32 years$1,094$765$523$351$232$110
33 years$1,049$724$488$323$210$97
34 years$1,007$687$456$297$190$85
35 years$968$651$427$274$172$75
36 years$931$618$399$252$156$66
37 years$896$587$374$232$142$58
38 years$862$558$350$214$128$51
39 years$831$530$328$197$116$45
40 years$801$505$307$182$106$39
41 years$773$480$288$168$96$35
42 years$746$458$270$155$87$31
43 years$721$436$254$143$79$27
44 years$696$416$238$132$72$24
45 years$673$396$223$122$65$21
46 years$651$378$210$113$59$18
47 years$630$361$197$104$54$16
48 years$610$344$185$96$49$14
49 years$591$329$174$89$44$13
50 years$572$314$164$82$40$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $586,000, adding $5,301 every year, while hoping to spend $30,124 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: 56/29/15 Blend
50$586,000$586,000$586,000$586,000
51$651,240$620,182$611,099$684,877
52$685,615$618,519$599,519$706,654
53$722,486$615,765$586,542$726,636
54$762,077$611,835$572,088$747,711
55$804,632$606,638$556,076$769,991
56$850,419$600,078$538,419$793,599
57$899,734$592,054$519,028$818,673
58$952,900$582,458$497,809$845,364
59$1,010,272$571,175$474,662$873,842
60$1,072,242$558,085$449,486$904,295
61$1,139,240$543,059$422,172$936,934
62$1,211,736$525,963$392,609$971,991
63$1,290,250$506,652$360,678$1,009,724
64$1,375,352$484,975$326,258$1,050,421
65$1,467,670$460,771$289,219$1,094,399
66$1,567,894$433,870$249,429$1,142,012
67$1,676,781$404,092$206,748$1,193,652
68$1,795,168$371,247$161,028$1,249,754
69$1,923,972$335,135$112,119$1,310,800
70$2,064,203$295,542$59,861$1,377,325
71$2,216,973$252,245$4,088$1,449,919
72$2,383,505$205,007$0$1,529,240
73$2,565,147$153,576$0$1,624,887
74$2,763,380$97,689$0$1,730,066
75$2,979,834$37,066$0$1,845,045
76$3,216,307$0$0$1,970,843
77$3,474,775$0$0$2,117,706
78$3,757,414$0$0$2,291,289
79$4,066,621$0$0$2,481,241
80$4,405,035$0$0$2,689,190
81$4,775,560$0$0$2,916,928
82$5,181,398$0$0$3,166,428
83$5,626,071$0$0$3,439,864
84$6,113,460$0$0$3,739,631
85$6,647,839$0$0$4,068,364
86$7,233,915$0$0$4,428,967
87$7,876,872$0$0$4,824,640
88$8,582,422$0$0$5,258,904
89$9,356,855$0$0$5,735,641
90$10,207,098$0$0$6,259,125
91$11,140,786$0$0$6,834,067
92$12,166,326$0$0$7,465,652
93$13,292,979$0$0$8,159,596
94$14,530,951$0$0$8,922,194
95$15,891,482$0$0$9,760,383
96$17,386,955$0$0$10,681,802
97$19,031,015$0$0$11,694,871
98$20,838,692$0$0$12,808,865
99$22,826,548$0$0$14,034,000
100$25,012,828$0$0$15,381,537