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%19.7%
1 years$49,052$48,615$48,189$47,773$47,366$45,523
2 years$24,283$23,831$23,393$22,968$22,555$20,721
3 years$16,028$15,574$15,137$14,716$14,310$12,541
4 years$11,901$11,448$11,016$10,602$10,206$8,517
5 years$9,426$8,976$8,549$8,143$7,758$6,154
6 years$7,776$7,329$6,908$6,512$6,139$4,619
7 years$6,598$6,155$5,741$5,354$4,993$3,557
8 years$5,715$5,276$4,869$4,491$4,142$2,790
9 years$5,029$4,594$4,193$3,826$3,488$2,217
10 years$4,480$4,049$3,656$3,298$2,972$1,780
11 years$4,031$3,605$3,219$2,870$2,556$1,440
12 years$3,657$3,235$2,856$2,517$2,215$1,172
13 years$3,341$2,924$2,552$2,222$1,932$958
14 years$3,071$2,658$2,293$1,973$1,693$787
15 years$2,836$2,428$2,070$1,759$1,491$648
16 years$2,632$2,228$1,877$1,575$1,318$535
17 years$2,451$2,051$1,708$1,415$1,168$443
18 years$2,291$1,896$1,559$1,276$1,039$367
19 years$2,148$1,757$1,427$1,153$926$304
20 years$2,019$1,633$1,310$1,044$827$253
21 years$1,902$1,521$1,205$947$740$210
22 years$1,797$1,420$1,111$861$663$175
23 years$1,701$1,328$1,025$785$595$146
24 years$1,612$1,244$948$716$535$121
25 years$1,531$1,167$878$653$482$101
26 years$1,457$1,097$815$597$434$84
27 years$1,388$1,033$756$547$391$70
28 years$1,324$973$703$501$353$59
29 years$1,264$918$654$460$319$49
30 years$1,209$867$610$422$288$41
31 years$1,157$819$568$387$260$34
32 years$1,109$775$530$356$235$29
33 years$1,064$734$495$327$213$24
34 years$1,021$696$463$301$193$20
35 years$981$660$432$277$175$17
36 years$943$626$405$255$158$14
37 years$908$595$379$235$144$12
38 years$874$565$355$217$130$10
39 years$842$538$332$200$118$8
40 years$812$512$311$184$107$7
41 years$783$487$292$170$97$6
42 years$756$464$274$157$88$5
43 years$730$442$257$145$80$4
44 years$706$421$241$134$73$3
45 years$682$402$227$124$66$3
46 years$660$383$213$114$60$2
47 years$639$366$200$105$54$2
48 years$618$349$188$97$49$2
49 years$599$333$177$90$45$1
50 years$580$318$166$83$41$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $594,000, adding $5,950 every year, while hoping to spend $37,640 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: 75/6/19 Blend
50$594,000$594,000$594,000$594,000
51$660,725$629,243$620,036$706,921
52$688,071$620,028$600,759$729,119
53$716,944$609,099$579,574$748,243
54$747,461$596,333$556,378$768,219
55$779,748$581,600$531,063$789,121
56$813,944$564,760$503,516$811,034
57$850,200$545,667$473,617$834,049
58$888,680$524,165$441,244$858,269
59$929,567$500,090$406,266$883,809
60$973,056$473,268$368,550$910,793
61$1,019,364$443,514$327,953$939,361
62$1,068,728$410,636$284,328$969,667
63$1,121,408$374,425$237,522$1,001,884
64$1,177,685$334,667$187,373$1,036,200
65$1,237,873$291,129$133,714$1,072,825
66$1,302,312$243,571$76,369$1,111,993
67$1,371,377$191,734$15,156$1,153,959
68$1,445,477$135,349$0$1,199,009
69$1,525,063$74,128$0$1,257,628
70$1,610,630$7,771$0$1,323,936
71$1,702,720$0$0$1,395,285
72$1,801,928$0$0$1,476,374
73$1,908,911$0$0$1,564,388
74$2,024,386$0$0$1,659,408
75$2,149,143$0$0$1,762,087
76$2,284,052$0$0$1,873,142
77$2,430,065$0$0$1,993,361
78$2,588,233$0$0$2,123,611
79$2,759,708$0$0$2,264,845
80$2,945,759$0$0$2,418,111
81$3,147,781$0$0$2,584,560
82$3,367,308$0$0$2,765,462
83$3,606,028$0$0$2,962,209
84$3,865,798$0$0$3,176,336
85$4,148,661$0$0$3,409,532
86$4,456,866$0$0$3,663,654
87$4,792,886$0$0$3,940,747
88$5,159,446$0$0$4,243,060
89$5,559,541$0$0$4,573,071
90$5,996,472$0$0$4,933,504
91$6,473,870$0$0$5,327,363
92$6,995,734$0$0$5,757,950
93$7,566,467$0$0$6,228,903
94$8,190,915$0$0$6,744,229
95$8,874,416$0$0$7,308,337
96$9,622,846$0$0$7,926,085
97$10,442,679$0$0$8,602,820
98$11,341,041$0$0$9,344,432
99$12,325,782$0$0$10,157,409
100$13,405,548$0$0$11,048,895