Can I retire at age 51 with 591,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $591,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$48,804$48,370$47,945$47,531$47,127$45,257
2 years$24,161$23,711$23,274$22,852$22,442$20,581
3 years$15,947$15,495$15,060$14,641$14,238$12,445
4 years$11,841$11,391$10,960$10,548$10,155$8,443
5 years$9,378$8,930$8,505$8,102$7,719$6,094
6 years$7,737$7,292$6,874$6,479$6,108$4,569
7 years$6,565$6,124$5,712$5,327$4,967$3,515
8 years$5,686$5,249$4,844$4,469$4,121$2,753
9 years$5,003$4,571$4,172$3,806$3,470$2,185
10 years$4,457$4,029$3,638$3,281$2,957$1,752
11 years$4,011$3,587$3,202$2,856$2,543$1,416
12 years$3,639$3,219$2,842$2,505$2,204$1,151
13 years$3,324$2,909$2,539$2,211$1,922$940
14 years$3,055$2,644$2,281$1,963$1,685$770
15 years$2,822$2,416$2,060$1,751$1,483$634
16 years$2,618$2,216$1,868$1,567$1,311$522
17 years$2,439$2,041$1,699$1,408$1,162$431
18 years$2,279$1,886$1,551$1,269$1,034$357
19 years$2,137$1,748$1,420$1,147$921$296
20 years$2,009$1,624$1,303$1,039$823$245
21 years$1,893$1,513$1,199$943$736$204
22 years$1,788$1,412$1,105$857$660$169
23 years$1,692$1,321$1,020$781$592$141
24 years$1,604$1,238$944$712$533$117
25 years$1,524$1,161$874$650$479$97
26 years$1,449$1,092$810$594$432$81
27 years$1,381$1,027$753$544$389$68
28 years$1,317$968$700$499$351$56
29 years$1,258$913$651$457$317$47
30 years$1,203$862$606$420$286$39
31 years$1,152$815$565$385$259$33
32 years$1,103$771$528$354$234$27
33 years$1,058$731$493$326$212$23
34 years$1,016$692$460$300$192$19
35 years$976$657$430$276$174$16
36 years$939$623$402$254$158$13
37 years$903$592$377$234$143$11
38 years$870$563$353$216$129$9
39 years$838$535$331$199$117$8
40 years$808$509$310$183$106$6
41 years$779$485$290$169$97$5
42 years$752$461$272$156$88$4
43 years$727$440$256$144$80$4
44 years$702$419$240$133$72$3
45 years$679$400$225$123$66$3
46 years$657$381$212$114$60$2
47 years$635$364$199$105$54$2
48 years$615$347$187$97$49$1
49 years$596$332$176$90$45$1
50 years$577$317$165$83$40$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $591,000, adding $5,950 every year, while hoping to spend $33,796 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: 62/28/10 Blend
50$591,000$591,000$591,000$591,000
51$657,419$626,096$616,936$696,340
52$688,518$620,816$601,645$717,837
53$721,655$614,145$584,708$736,859
54$757,004$605,978$566,036$756,776
55$794,753$596,206$545,534$777,675
56$835,110$584,712$523,101$799,654
57$878,301$571,373$498,634$822,820
58$924,575$556,057$472,025$847,294
59$974,204$538,627$443,161$873,209
60$1,027,488$518,934$411,922$900,715
61$1,084,755$496,826$378,185$929,979
62$1,146,366$472,136$341,820$961,184
63$1,212,717$444,693$302,693$994,537
64$1,284,243$414,311$260,661$1,030,267
65$1,361,420$380,797$215,578$1,068,627
66$1,444,775$343,946$167,290$1,109,899
67$1,534,883$303,540$115,636$1,154,399
68$1,632,379$259,352$60,447$1,202,474
69$1,737,959$211,137$1,549$1,254,511
70$1,852,389$158,641$0$1,310,939
71$1,976,511$101,592$0$1,378,777
72$2,111,251$39,707$0$1,452,614
73$2,257,629$0$0$1,532,890
74$2,416,765$0$0$1,628,696
75$2,589,892$0$0$1,746,273
76$2,778,367$0$0$1,874,314
77$2,983,681$0$0$2,013,838
78$3,207,478$0$0$2,165,966
79$3,451,565$0$0$2,331,932
80$3,717,933$0$0$2,513,096
81$4,008,770$0$0$2,710,953
82$4,326,489$0$0$2,927,149
83$4,673,742$0$0$3,163,497
84$5,053,453$0$0$3,421,992
85$5,468,839$0$0$3,704,833
86$5,923,442$0$0$4,014,437
87$6,421,163$0$0$4,353,470
88$6,966,298$0$0$4,724,866
89$7,563,578$0$0$5,131,855
90$8,218,211$0$0$5,577,997
91$8,935,936$0$0$6,067,209
92$9,723,072$0$0$6,603,809
93$10,586,580$0$0$7,192,552
94$11,534,126$0$0$7,838,674
95$12,574,155$0$0$8,547,943
96$13,715,968$0$0$9,326,714
97$14,969,813$0$0$10,181,986
98$16,346,976$0$0$11,121,471
99$17,859,893$0$0$12,153,662
100$19,522,261$0$0$13,287,917