Can I retire at age 51 with 592,000?

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 $592,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$48,887$48,451$48,026$47,612$47,207$46,949
2 years$24,201$23,751$23,314$22,890$22,479$22,219
3 years$15,974$15,521$15,086$14,666$14,262$14,007
4 years$11,861$11,410$10,978$10,566$10,172$9,925
5 years$9,394$8,945$8,520$8,116$7,732$7,494
6 years$7,750$7,305$6,885$6,490$6,118$5,888
7 years$6,576$6,134$5,722$5,336$4,976$4,755
8 years$5,696$5,258$4,852$4,476$4,128$3,916
9 years$5,012$4,578$4,179$3,813$3,476$3,273
10 years$4,465$4,036$3,644$3,287$2,962$2,767
11 years$4,017$3,593$3,208$2,860$2,547$2,361
12 years$3,645$3,225$2,847$2,509$2,208$2,030
13 years$3,330$2,914$2,543$2,215$1,925$1,756
14 years$3,060$2,649$2,285$1,966$1,687$1,526
15 years$2,827$2,420$2,063$1,754$1,486$1,332
16 years$2,623$2,220$1,871$1,570$1,313$1,167
17 years$2,443$2,045$1,702$1,411$1,164$1,026
18 years$2,283$1,889$1,554$1,271$1,035$904
19 years$2,140$1,751$1,423$1,149$923$798
20 years$2,012$1,627$1,306$1,040$824$706
21 years$1,896$1,516$1,201$944$738$626
22 years$1,791$1,415$1,107$859$661$556
23 years$1,695$1,323$1,022$782$593$494
24 years$1,607$1,240$945$713$533$440
25 years$1,526$1,163$875$651$480$392
26 years$1,452$1,093$812$595$432$350
27 years$1,383$1,029$754$545$390$312
28 years$1,319$970$701$499$352$279
29 years$1,260$915$652$458$318$249
30 years$1,205$864$607$420$287$223
31 years$1,154$817$566$386$259$199
32 years$1,105$773$528$355$235$178
33 years$1,060$732$493$326$212$160
34 years$1,018$694$461$300$192$143
35 years$978$658$431$276$174$128
36 years$940$624$403$254$158$115
37 years$905$593$377$234$143$103
38 years$871$564$353$216$130$92
39 years$839$536$331$199$118$83
40 years$809$510$310$184$107$74
41 years$781$485$291$170$97$67
42 years$754$462$273$156$88$60
43 years$728$440$256$144$80$54
44 years$703$420$240$133$72$48
45 years$680$400$226$123$66$43
46 years$658$382$212$114$60$39
47 years$636$364$199$105$54$35
48 years$616$348$187$97$49$31
49 years$597$332$176$90$45$28
50 years$578$317$165$83$41$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $592,000, adding $6,034 every year, while hoping to spend $43,455 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: 36/34/30 Blend
50$592,000$592,000$592,000$592,000
51$658,608$627,232$618,056$676,225
52$679,550$611,731$592,525$674,416
53$701,172$594,013$564,683$668,135
54$723,497$573,925$534,405$660,535
55$746,550$551,304$501,563$651,528
56$770,355$525,975$466,023$641,020
57$794,940$497,756$427,644$628,914
58$820,332$466,454$386,277$615,106
59$846,560$431,864$341,771$599,486
60$873,653$393,769$293,965$581,940
61$901,643$351,942$242,690$562,346
62$930,562$306,139$187,772$540,578
63$960,446$256,106$129,029$516,501
64$991,329$201,573$66,269$489,974
65$1,023,249$142,254$0$460,849
66$1,056,245$77,849$0$429,197
67$1,090,358$8,040$0$417,278
68$1,125,632$0$0$403,754
69$1,162,112$0$0$413,775
70$1,199,845$0$0$427,256
71$1,238,881$0$0$441,207
72$1,279,274$0$0$455,648
73$1,321,079$0$0$470,599
74$1,364,354$0$0$486,082
75$1,409,162$0$0$502,119
76$1,455,568$0$0$518,737
77$1,503,641$0$0$535,959
78$1,553,456$0$0$553,813
79$1,605,090$0$0$572,330
80$1,658,626$0$0$591,538
81$1,714,151$0$0$611,473
82$1,771,760$0$0$632,167
83$1,831,552$0$0$653,660
84$1,893,634$0$0$675,991
85$1,958,119$0$0$699,203
86$2,025,128$0$0$723,342
87$2,094,792$0$0$748,457
88$2,167,249$0$0$774,601
89$2,242,649$0$0$801,830
90$2,321,151$0$0$830,205
91$2,402,927$0$0$859,792
92$2,488,163$0$0$890,662
93$2,577,057$0$0$922,890
94$2,669,824$0$0$956,559
95$2,766,696$0$0$991,758
96$2,867,921$0$0$1,028,582
97$2,973,771$0$0$1,067,135
98$3,084,537$0$0$1,107,531
99$3,200,536$0$0$1,149,890
100$3,322,109$0$0$1,194,347