Can I retire at age 51 with 594,000?

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 $594,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$49,052$48,615$48,189$47,773$47,366$47,147
2 years$24,283$23,831$23,393$22,968$22,555$22,334
3 years$16,028$15,574$15,137$14,716$14,310$14,093
4 years$11,901$11,448$11,016$10,602$10,206$9,996
5 years$9,426$8,976$8,549$8,143$7,758$7,555
6 years$7,776$7,329$6,908$6,512$6,139$5,943
7 years$6,598$6,155$5,741$5,354$4,993$4,804
8 years$5,715$5,276$4,869$4,491$4,142$3,961
9 years$5,029$4,594$4,193$3,826$3,488$3,315
10 years$4,480$4,049$3,656$3,298$2,972$2,806
11 years$4,031$3,605$3,219$2,870$2,556$2,397
12 years$3,657$3,235$2,856$2,517$2,215$2,063
13 years$3,341$2,924$2,552$2,222$1,932$1,787
14 years$3,071$2,658$2,293$1,973$1,693$1,555
15 years$2,836$2,428$2,070$1,759$1,491$1,359
16 years$2,632$2,228$1,877$1,575$1,318$1,193
17 years$2,451$2,051$1,708$1,415$1,168$1,050
18 years$2,291$1,896$1,559$1,276$1,039$926
19 years$2,148$1,757$1,427$1,153$926$819
20 years$2,019$1,633$1,310$1,044$827$726
21 years$1,902$1,521$1,205$947$740$644
22 years$1,797$1,420$1,111$861$663$573
23 years$1,701$1,328$1,025$785$595$510
24 years$1,612$1,244$948$716$535$455
25 years$1,531$1,167$878$653$482$406
26 years$1,457$1,097$815$597$434$362
27 years$1,388$1,033$756$547$391$324
28 years$1,324$973$703$501$353$290
29 years$1,264$918$654$460$319$259
30 years$1,209$867$610$422$288$232
31 years$1,157$819$568$387$260$208
32 years$1,109$775$530$356$235$187
33 years$1,064$734$495$327$213$167
34 years$1,021$696$463$301$193$150
35 years$981$660$432$277$175$135
36 years$943$626$405$255$158$121
37 years$908$595$379$235$144$109
38 years$874$565$355$217$130$98
39 years$842$538$332$200$118$88
40 years$812$512$311$184$107$79
41 years$783$487$292$170$97$71
42 years$756$464$274$157$88$64
43 years$730$442$257$145$80$57
44 years$706$421$241$134$73$51
45 years$682$402$227$124$66$46
46 years$660$383$213$114$60$42
47 years$639$366$200$105$54$37
48 years$618$349$188$97$49$34
49 years$599$333$177$90$45$30
50 years$580$318$166$83$41$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $594,000, adding $3,353 every year, while hoping to spend $45,118 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: 53/22/25 Blend
50$594,000$594,000$594,000$594,000
51$658,047$626,565$617,358$688,194
52$677,162$609,261$590,034$692,073
53$696,715$589,598$560,283$691,379
54$716,703$567,411$527,975$689,700
55$737,121$542,528$492,976$686,957
56$757,961$514,766$455,145$683,070
57$779,216$483,932$414,335$677,949
58$800,872$449,821$370,392$671,501
59$822,917$412,217$323,155$663,626
60$845,330$370,892$272,457$654,219
61$868,092$325,604$218,123$643,165
62$891,177$276,098$159,969$630,344
63$914,555$222,104$97,805$615,626
64$938,189$163,338$31,432$598,875
65$962,041$99,498$0$579,943
66$986,063$30,266$0$569,183
67$1,010,200$0$0$565,550
68$1,034,391$0$0$571,350
69$1,058,567$0$0$584,437
70$1,082,646$0$0$597,435
71$1,106,538$0$0$610,290
72$1,130,142$0$0$622,942
73$1,153,341$0$0$635,323
74$1,176,007$0$0$647,354
75$1,197,992$0$0$658,951
76$1,219,134$0$0$670,015
77$1,239,249$0$0$680,440
78$1,258,133$0$0$690,103
79$1,275,556$0$0$698,871
80$1,291,262$0$0$706,591
81$1,304,967$0$0$713,097
82$1,316,353$0$0$718,201
83$1,325,066$0$0$721,695
84$1,330,713$0$0$723,348
85$1,332,856$0$0$722,902
86$1,331,009$0$0$720,074
87$1,324,634$0$0$714,544
88$1,313,131$0$0$705,964
89$1,295,836$0$0$693,941
90$1,272,013$0$0$678,046
91$1,240,846$0$0$657,799
92$1,201,432$0$0$632,670
93$1,152,769$0$0$602,073
94$1,093,749$0$0$565,359
95$1,023,146$0$0$521,809
96$939,604$0$0$470,628
97$841,621$0$0$410,939
98$727,539$0$0$341,768
99$595,522$0$0$262,043
100$443,544$0$0$170,577