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%14.6%
1 years$48,391$47,960$47,540$47,129$46,728$45,841
2 years$23,956$23,510$23,078$22,658$22,252$21,361
3 years$15,812$15,364$14,933$14,517$14,117$13,252
4 years$11,741$11,294$10,867$10,459$10,069$9,234
5 years$9,299$8,855$8,433$8,033$7,654$6,853
6 years$7,671$7,231$6,815$6,424$6,056$5,290
7 years$6,509$6,072$5,664$5,282$4,925$4,194
8 years$5,638$5,205$4,803$4,431$4,086$3,389
9 years$4,961$4,532$4,137$3,774$3,441$2,778
10 years$4,419$3,995$3,607$3,253$2,932$2,302
11 years$3,977$3,556$3,175$2,831$2,522$1,925
12 years$3,608$3,192$2,818$2,483$2,185$1,620
13 years$3,296$2,885$2,518$2,193$1,906$1,371
14 years$3,029$2,622$2,262$1,946$1,670$1,166
15 years$2,798$2,395$2,042$1,736$1,471$996
16 years$2,596$2,198$1,852$1,554$1,300$853
17 years$2,418$2,024$1,685$1,396$1,153$732
18 years$2,260$1,870$1,538$1,258$1,025$630
19 years$2,119$1,733$1,408$1,137$913$543
20 years$1,992$1,611$1,292$1,030$816$469
21 years$1,877$1,500$1,189$935$730$406
22 years$1,773$1,400$1,096$850$654$351
23 years$1,678$1,310$1,012$774$587$305
24 years$1,591$1,227$936$706$528$264
25 years$1,511$1,152$866$645$475$229
26 years$1,437$1,082$804$589$428$199
27 years$1,369$1,019$746$540$386$173
28 years$1,306$960$694$494$348$151
29 years$1,247$905$646$453$314$131
30 years$1,193$855$601$416$284$114
31 years$1,142$808$561$382$257$99
32 years$1,094$765$523$351$232$87
33 years$1,049$724$488$323$210$75
34 years$1,007$687$456$297$190$66
35 years$968$651$427$274$172$57
36 years$931$618$399$252$156$50
37 years$896$587$374$232$142$44
38 years$862$558$350$214$128$38
39 years$831$530$328$197$116$33
40 years$801$505$307$182$106$29
41 years$773$480$288$168$96$25
42 years$746$458$270$155$87$22
43 years$721$436$254$143$79$19
44 years$696$416$238$132$72$17
45 years$673$396$223$122$65$15
46 years$651$378$210$113$59$13
47 years$630$361$197$104$54$11
48 years$610$344$185$96$49$10
49 years$591$329$174$89$44$8
50 years$572$314$164$82$40$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $586,000, adding $4,291 every year, while hoping to spend $32,139 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: 58/23/19 Blend
50$586,000$586,000$586,000$586,000
51$650,198$619,140$610,057$684,415
52$682,323$615,282$596,298$704,281
53$716,647$610,158$581,002$722,062
54$753,361$603,672$564,081$740,726
55$792,674$595,722$545,448$760,364
56$834,814$586,200$525,008$781,079
57$880,034$574,993$502,664$802,983
58$928,608$561,978$478,314$826,205
59$980,839$547,028$451,851$850,885
60$1,037,059$530,007$423,163$877,181
61$1,097,633$510,771$392,133$905,270
62$1,162,962$489,169$358,639$935,346
63$1,233,486$465,040$322,555$967,627
64$1,309,687$438,213$283,747$1,002,356
65$1,392,099$408,509$242,076$1,039,800
66$1,481,304$375,738$197,397$1,080,261
67$1,577,946$339,697$149,558$1,124,068
68$1,682,730$300,176$98,402$1,171,593
69$1,796,433$256,949$43,763$1,223,244
70$1,919,908$209,778$0$1,279,477
71$2,054,095$158,414$0$1,343,745
72$2,200,028$102,591$0$1,423,319
73$2,358,842$42,030$0$1,509,976
74$2,531,790$0$0$1,604,444
75$2,720,248$0$0$1,713,492
76$2,925,729$0$0$1,844,035
77$3,149,903$0$0$1,986,499
78$3,394,603$0$0$2,142,058
79$3,661,850$0$0$2,312,001
80$3,953,868$0$0$2,497,749
81$4,273,105$0$0$2,700,866
82$4,622,256$0$0$2,923,074
83$5,004,289$0$0$3,166,269
84$5,422,472$0$0$3,432,538
85$5,880,404$0$0$3,724,182
86$6,382,048$0$0$4,043,730
87$6,931,767$0$0$4,393,973
88$7,534,368$0$0$4,777,981
89$8,195,144$0$0$5,199,136
90$8,919,927$0$0$5,661,163
91$9,715,137$0$0$6,168,166
92$10,587,847$0$0$6,724,665
93$11,545,850$0$0$7,335,638
94$12,597,727$0$0$8,006,570
95$13,752,933$0$0$8,743,501
96$15,021,883$0$0$9,553,088
97$16,416,049$0$0$10,442,662
98$17,948,071$0$0$11,420,300
99$19,631,873$0$0$12,494,900
100$21,482,796$0$0$13,676,266