Can I retire at age 51 with 593,000?

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 $593,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$48,969$48,533$48,108$47,692$47,287$46,949
2 years$24,242$23,791$23,353$22,929$22,517$22,177
3 years$16,001$15,548$15,111$14,691$14,286$13,954
4 years$11,881$11,429$10,997$10,584$10,189$9,867
5 years$9,410$8,961$8,534$8,129$7,745$7,434
6 years$7,763$7,317$6,897$6,501$6,129$5,829
7 years$6,587$6,145$5,731$5,345$4,984$4,697
8 years$5,705$5,267$4,861$4,484$4,135$3,859
9 years$5,020$4,586$4,186$3,819$3,482$3,218
10 years$4,472$4,042$3,650$3,292$2,967$2,714
11 years$4,024$3,599$3,213$2,865$2,552$2,311
12 years$3,651$3,230$2,852$2,513$2,211$1,981
13 years$3,336$2,919$2,548$2,219$1,928$1,709
14 years$3,066$2,653$2,289$1,970$1,690$1,482
15 years$2,832$2,424$2,067$1,756$1,488$1,290
16 years$2,627$2,224$1,874$1,573$1,315$1,127
17 years$2,447$2,048$1,705$1,413$1,166$988
18 years$2,287$1,892$1,557$1,273$1,037$868
19 years$2,144$1,754$1,425$1,151$924$765
20 years$2,015$1,630$1,308$1,042$826$675
21 years$1,899$1,518$1,203$946$739$596
22 years$1,794$1,417$1,109$860$662$528
23 years$1,698$1,325$1,024$783$594$468
24 years$1,610$1,242$947$714$534$415
25 years$1,529$1,165$877$652$481$369
26 years$1,454$1,095$813$596$433$328
27 years$1,385$1,031$755$546$390$292
28 years$1,322$971$702$500$352$260
29 years$1,262$916$653$459$318$231
30 years$1,207$865$609$421$287$206
31 years$1,155$818$567$387$260$184
32 years$1,107$774$529$355$235$164
33 years$1,062$733$494$327$213$146
34 years$1,019$695$462$301$193$131
35 years$979$659$432$277$174$117
36 years$942$625$404$255$158$104
37 years$906$594$378$235$143$93
38 years$873$565$354$216$130$83
39 years$841$537$332$200$118$74
40 years$811$511$311$184$107$67
41 years$782$486$291$170$97$59
42 years$755$463$273$157$88$53
43 years$729$441$257$145$80$48
44 years$705$421$241$134$72$43
45 years$681$401$226$123$66$38
46 years$659$383$212$114$60$34
47 years$637$365$200$105$54$30
48 years$617$348$188$97$49$27
49 years$598$333$176$90$45$24
50 years$579$318$166$83$41$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $593,000, adding $4,482 every year, while hoping to spend $29,366 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: 71/17/12 Blend
50$593,000$593,000$593,000$593,000
51$658,109$626,680$617,489$702,863
52$693,991$626,142$606,929$732,573
53$732,549$624,594$595,032$761,073
54$774,024$621,954$581,721$791,488
55$818,683$618,138$566,917$824,002
56$866,816$613,055$550,536$858,817
57$918,745$606,608$532,493$896,154
58$974,822$598,697$512,696$936,261
59$1,035,432$589,212$491,050$979,408
60$1,101,003$578,039$467,457$1,025,897
61$1,172,000$565,058$441,811$1,076,057
62$1,248,937$550,139$414,005$1,130,256
63$1,332,380$533,147$383,926$1,188,897
64$1,422,950$513,938$351,454$1,252,425
65$1,521,330$492,360$316,467$1,321,334
66$1,628,271$468,252$278,835$1,396,165
67$1,744,602$441,443$238,423$1,477,521
68$1,871,231$411,754$195,089$1,566,062
69$2,009,159$378,992$148,688$1,662,520
70$2,159,489$342,958$99,064$1,767,702
71$2,323,432$303,439$46,058$1,882,499
72$2,502,323$260,208$0$2,007,894
73$2,697,631$213,029$0$2,146,318
74$2,910,973$161,651$0$2,304,004
75$3,144,128$105,808$0$2,476,395
76$3,399,056$45,220$0$2,664,972
77$3,677,916$0$0$2,871,372
78$3,983,082$0$0$3,101,216
79$4,317,170$0$0$3,362,134
80$4,683,062$0$0$3,647,920
81$5,083,929$0$0$3,961,056
82$5,523,265$0$0$4,304,275
83$6,004,918$0$0$4,680,587
84$6,533,125$0$0$5,093,307
85$7,112,554$0$0$5,546,086
86$7,748,346$0$0$6,042,946
87$8,446,163$0$0$6,588,318
88$9,212,244$0$0$7,187,081
89$10,053,459$0$0$7,844,610
90$10,977,377$0$0$8,566,827
91$11,992,336$0$0$9,360,256
92$13,107,523$0$0$10,232,082
93$14,333,055$0$0$11,190,223
94$15,680,081$0$0$12,243,399
95$17,160,884$0$0$13,401,221
96$18,788,993$0$0$14,674,274
97$20,579,317$0$0$16,074,221
98$22,548,280$0$0$17,613,912
99$24,713,978$0$0$19,307,506
100$27,096,350$0$0$21,170,601