Can I retire at age 51 with 591,000?

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 $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%16.3%
1 years$48,804$48,370$47,945$47,531$47,127$45,913
2 years$24,161$23,711$23,274$22,852$22,442$21,227
3 years$15,947$15,495$15,060$14,641$14,238$13,060
4 years$11,841$11,391$10,960$10,548$10,155$9,023
5 years$9,378$8,930$8,505$8,102$7,719$6,637
6 years$7,737$7,292$6,874$6,479$6,108$5,076
7 years$6,565$6,124$5,712$5,327$4,967$3,985
8 years$5,686$5,249$4,844$4,469$4,121$3,189
9 years$5,003$4,571$4,172$3,806$3,470$2,587
10 years$4,457$4,029$3,638$3,281$2,957$2,122
11 years$4,011$3,587$3,202$2,856$2,543$1,755
12 years$3,639$3,219$2,842$2,505$2,204$1,461
13 years$3,324$2,909$2,539$2,211$1,922$1,223
14 years$3,055$2,644$2,281$1,963$1,685$1,028
15 years$2,822$2,416$2,060$1,751$1,483$867
16 years$2,618$2,216$1,868$1,567$1,311$734
17 years$2,439$2,041$1,699$1,408$1,162$622
18 years$2,279$1,886$1,551$1,269$1,034$529
19 years$2,137$1,748$1,420$1,147$921$450
20 years$2,009$1,624$1,303$1,039$823$384
21 years$1,893$1,513$1,199$943$736$328
22 years$1,788$1,412$1,105$857$660$280
23 years$1,692$1,321$1,020$781$592$240
24 years$1,604$1,238$944$712$533$205
25 years$1,524$1,161$874$650$479$176
26 years$1,449$1,092$810$594$432$151
27 years$1,381$1,027$753$544$389$129
28 years$1,317$968$700$499$351$111
29 years$1,258$913$651$457$317$95
30 years$1,203$862$606$420$286$82
31 years$1,152$815$565$385$259$70
32 years$1,103$771$528$354$234$60
33 years$1,058$731$493$326$212$52
34 years$1,016$692$460$300$192$44
35 years$976$657$430$276$174$38
36 years$939$623$402$254$158$33
37 years$903$592$377$234$143$28
38 years$870$563$353$216$129$24
39 years$838$535$331$199$117$21
40 years$808$509$310$183$106$18
41 years$779$485$290$169$97$15
42 years$752$461$272$156$88$13
43 years$727$440$256$144$80$11
44 years$702$419$240$133$72$10
45 years$679$400$225$123$66$8
46 years$657$381$212$114$60$7
47 years$635$364$199$105$54$6
48 years$615$347$187$97$49$5
49 years$596$332$176$90$45$5
50 years$577$317$165$83$40$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $591,000, adding $3,470 every year, while hoping to spend $25,130 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: 59/32/9 Blend
50$591,000$591,000$591,000$591,000
51$654,861$623,538$614,378$691,951
52$694,919$627,354$608,221$721,095
53$738,220$630,514$601,016$749,706
54$785,070$632,960$592,701$780,283
55$835,802$634,629$583,211$813,016
56$890,784$635,456$572,479$848,116
57$950,420$635,371$560,434$885,817
58$1,015,157$634,297$547,002$926,375
59$1,085,481$632,156$532,105$970,075
60$1,161,933$628,864$515,663$1,017,230
61$1,245,103$624,332$497,591$1,068,188
62$1,335,643$618,463$477,800$1,123,332
63$1,434,269$611,159$456,197$1,183,086
64$1,541,771$602,312$432,686$1,247,919
65$1,659,016$591,809$407,165$1,318,346
66$1,786,959$579,532$379,529$1,394,940
67$1,926,652$565,352$349,666$1,478,331
68$2,079,253$549,137$317,463$1,569,216
69$2,246,036$530,744$282,797$1,668,365
70$2,428,404$510,022$245,542$1,776,629
71$2,627,901$486,813$205,568$1,894,945
72$2,846,229$460,949$162,736$2,024,351
73$3,085,260$432,251$116,904$2,165,991
74$3,347,056$400,532$67,920$2,321,130
75$3,633,890$365,592$15,629$2,491,162
76$3,948,262$327,221$0$2,677,629
77$4,292,927$285,197$0$2,886,089
78$4,670,918$239,284$0$3,116,414
79$5,085,579$189,236$0$3,369,191
80$5,540,589$134,790$0$3,646,725
81$6,040,002$75,668$0$3,951,560
82$6,588,286$11,579$0$4,286,500
83$7,190,359$0$0$4,654,641
84$7,851,641$0$0$5,079,745
85$8,578,101$0$0$5,551,280
86$9,376,316$0$0$6,069,444
87$10,253,531$0$0$6,638,946
88$11,217,729$0$0$7,264,976
89$12,277,702$0$0$7,953,249
90$13,443,139$0$0$8,710,065
91$14,724,714$0$0$9,542,362
92$16,134,187$0$0$10,457,785
93$17,684,513$0$0$11,464,757
94$19,389,969$0$0$12,572,560
95$21,266,282$0$0$13,791,418
96$23,330,784$0$0$15,132,597
97$25,602,568$0$0$16,608,513
98$28,102,673$0$0$18,232,841
99$30,854,282$0$0$20,020,655
100$33,882,936$0$0$21,988,560