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%14.2%
1 years$48,887$48,451$48,026$47,612$47,207$46,387
2 years$24,201$23,751$23,314$22,890$22,479$21,656
3 years$15,974$15,521$15,086$14,666$14,262$13,460
4 years$11,861$11,410$10,978$10,566$10,172$9,399
5 years$9,394$8,945$8,520$8,116$7,732$6,990
6 years$7,750$7,305$6,885$6,490$6,118$5,407
7 years$6,576$6,134$5,722$5,336$4,976$4,296
8 years$5,696$5,258$4,852$4,476$4,128$3,480
9 years$5,012$4,578$4,179$3,813$3,476$2,859
10 years$4,465$4,036$3,644$3,287$2,962$2,376
11 years$4,017$3,593$3,208$2,860$2,547$1,991
12 years$3,645$3,225$2,847$2,509$2,208$1,680
13 years$3,330$2,914$2,543$2,215$1,925$1,426
14 years$3,060$2,649$2,285$1,966$1,687$1,216
15 years$2,827$2,420$2,063$1,754$1,486$1,041
16 years$2,623$2,220$1,871$1,570$1,313$894
17 years$2,443$2,045$1,702$1,411$1,164$770
18 years$2,283$1,889$1,554$1,271$1,035$664
19 years$2,140$1,751$1,423$1,149$923$575
20 years$2,012$1,627$1,306$1,040$824$498
21 years$1,896$1,516$1,201$944$738$432
22 years$1,791$1,415$1,107$859$661$375
23 years$1,695$1,323$1,022$782$593$326
24 years$1,607$1,240$945$713$533$284
25 years$1,526$1,163$875$651$480$247
26 years$1,452$1,093$812$595$432$215
27 years$1,383$1,029$754$545$390$188
28 years$1,319$970$701$499$352$164
29 years$1,260$915$652$458$318$143
30 years$1,205$864$607$420$287$125
31 years$1,154$817$566$386$259$109
32 years$1,105$773$528$355$235$95
33 years$1,060$732$493$326$212$83
34 years$1,018$694$461$300$192$73
35 years$978$658$431$276$174$64
36 years$940$624$403$254$158$56
37 years$905$593$377$234$143$49
38 years$871$564$353$216$130$43
39 years$839$536$331$199$118$37
40 years$809$510$310$184$107$33
41 years$781$485$291$170$97$29
42 years$754$462$273$156$88$25
43 years$728$440$256$144$80$22
44 years$703$420$240$133$72$19
45 years$680$400$226$123$66$17
46 years$658$382$212$114$60$15
47 years$636$364$199$105$54$13
48 years$616$348$187$97$49$11
49 years$597$332$176$90$45$10
50 years$578$317$165$83$41$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $592,000, adding $5,642 every year, while hoping to spend $35,062 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: 78/11/11 Blend
50$592,000$592,000$592,000$592,000
51$658,204$626,828$617,652$707,797
52$688,035$620,237$601,037$734,612
53$719,734$612,147$582,691$758,944
54$753,453$602,450$562,518$784,623
55$789,362$591,026$540,420$811,769
56$827,644$577,754$516,291$840,515
57$868,501$562,500$490,023$871,005
58$912,152$545,127$461,503$903,401
59$958,841$525,487$430,612$937,879
60$1,008,831$503,425$397,227$974,638
61$1,062,415$478,776$361,217$1,013,891
62$1,119,910$451,365$322,447$1,055,879
63$1,181,668$421,009$280,776$1,100,866
64$1,248,072$387,512$236,056$1,149,141
65$1,319,545$350,669$188,133$1,201,028
66$1,396,549$310,262$136,845$1,256,880
67$1,479,593$266,062$82,026$1,317,090
68$1,569,236$217,824$23,499$1,382,090
69$1,666,093$165,292$0$1,452,358
70$1,770,839$108,195$0$1,532,994
71$1,884,215$46,247$0$1,623,247
72$2,007,036$0$0$1,721,024
73$2,140,201$0$0$1,829,582
74$2,284,694$0$0$1,953,466
75$2,441,601$0$0$2,088,011
76$2,612,114$0$0$2,234,240
77$2,797,546$0$0$2,393,282
78$2,999,340$0$0$2,566,378
79$3,219,085$0$0$2,754,893
80$3,458,530$0$0$2,960,328
81$3,719,597$0$0$3,184,338
82$4,004,404$0$0$3,428,741
83$4,315,282$0$0$3,695,541
84$4,654,796$0$0$3,986,942
85$5,025,771$0$0$4,305,372
86$5,431,314$0$0$4,653,501
87$5,874,850$0$0$5,034,273
88$6,360,147$0$0$5,450,926
89$6,891,355$0$0$5,907,028
90$7,473,045$0$0$6,406,505
91$8,110,248$0$0$6,953,683
92$8,808,506$0$0$7,553,325
93$9,573,924$0$0$8,210,677
94$10,413,224$0$0$8,931,517
95$11,333,809$0$0$9,722,208
96$12,343,834$0$0$10,589,759
97$13,452,283$0$0$11,541,891
98$14,669,048$0$0$12,587,107
99$16,005,030$0$0$13,734,776
100$17,472,233$0$0$14,995,216