Can I retire at age 51 with 595,000?

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 $595,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$49,135$48,697$48,270$47,853$47,446$46,001
2 years$24,324$23,871$23,432$23,006$22,593$21,150
3 years$16,055$15,600$15,162$14,740$14,334$12,938
4 years$11,921$11,468$11,034$10,620$10,223$8,884
5 years$9,442$8,991$8,563$8,157$7,772$6,494
6 years$7,789$7,342$6,920$6,523$6,149$4,934
7 years$6,609$6,165$5,751$5,363$5,001$3,848
8 years$5,725$5,285$4,877$4,499$4,149$3,057
9 years$5,037$4,602$4,201$3,832$3,494$2,462
10 years$4,487$4,056$3,662$3,303$2,977$2,004
11 years$4,038$3,611$3,224$2,875$2,560$1,645
12 years$3,663$3,241$2,861$2,522$2,219$1,359
13 years$3,347$2,929$2,556$2,226$1,935$1,128
14 years$3,076$2,662$2,297$1,976$1,696$940
15 years$2,841$2,432$2,074$1,762$1,493$787
16 years$2,636$2,231$1,880$1,578$1,320$660
17 years$2,455$2,055$1,711$1,418$1,170$555
18 years$2,295$1,899$1,562$1,278$1,041$467
19 years$2,151$1,760$1,430$1,155$927$394
20 years$2,022$1,635$1,312$1,046$828$333
21 years$1,906$1,523$1,207$949$741$282
22 years$1,800$1,422$1,112$863$664$239
23 years$1,703$1,330$1,027$786$596$202
24 years$1,615$1,246$950$717$536$171
25 years$1,534$1,169$880$655$482$145
26 years$1,459$1,099$816$599$435$123
27 years$1,390$1,034$758$548$392$105
28 years$1,326$975$704$502$354$89
29 years$1,267$919$655$460$319$76
30 years$1,211$868$611$422$288$64
31 years$1,159$821$569$388$261$55
32 years$1,111$777$531$357$236$46
33 years$1,066$735$496$328$213$40
34 years$1,023$697$463$302$193$34
35 years$983$661$433$278$175$29
36 years$945$628$405$256$159$24
37 years$909$596$379$236$144$21
38 years$876$566$355$217$130$18
39 years$844$539$333$200$118$15
40 years$813$512$312$185$107$13
41 years$785$488$292$170$97$11
42 years$758$465$274$157$88$9
43 years$732$443$257$145$80$8
44 years$707$422$242$134$73$7
45 years$683$402$227$124$66$6
46 years$661$384$213$114$60$5
47 years$640$366$200$106$54$4
48 years$619$350$188$98$49$4
49 years$600$334$177$90$45$3
50 years$581$319$166$83$41$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $595,000, adding $4,330 every year, while hoping to spend $22,333 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: 37/41/22 Blend
50$595,000$595,000$595,000$595,000
51$660,156$628,621$619,399$680,077
52$703,730$635,662$616,387$702,028
53$751,000$642,298$612,525$723,327
54$802,319$648,488$607,762$745,881
55$858,077$654,185$602,043$769,818
56$918,700$659,340$595,310$795,276
57$984,659$663,899$587,505$822,412
58$1,056,473$667,808$578,565$851,398
59$1,134,709$671,007$568,423$882,427
60$1,219,996$673,433$557,012$915,711
61$1,313,022$675,018$544,258$951,486
62$1,414,548$675,692$530,089$990,015
63$1,525,409$675,377$514,423$1,031,587
64$1,646,525$673,995$497,181$1,076,524
65$1,778,908$671,459$478,274$1,125,184
66$1,923,675$667,678$457,614$1,177,960
67$2,082,052$662,557$435,107$1,235,292
68$2,255,392$655,992$410,653$1,297,664
69$2,445,183$647,877$384,151$1,365,614
70$2,653,064$638,096$355,493$1,439,735
71$2,880,842$626,527$324,567$1,520,687
72$3,130,503$613,043$291,256$1,609,198
73$3,404,238$597,505$255,436$1,706,075
74$3,704,458$579,771$216,981$1,812,210
75$4,033,820$559,687$175,757$1,928,589
76$4,395,249$537,091$131,625$2,056,306
77$4,791,969$511,813$84,438$2,196,566
78$5,227,528$483,670$34,046$2,350,705
79$5,705,838$452,472$0$2,520,200
80$6,231,207$418,017$0$2,711,314
81$6,808,379$380,089$0$2,930,048
82$7,442,583$338,462$0$3,170,437
83$8,139,578$292,898$0$3,434,725
84$8,905,709$243,144$0$3,725,391
85$9,747,965$188,932$0$4,045,170
86$10,674,049$129,981$0$4,397,079
87$11,692,445$65,993$0$4,784,451
88$12,812,501$0$0$5,210,960
89$14,044,516$0$0$5,682,175
90$15,399,839$0$0$6,233,398
91$16,890,973$0$0$6,839,952
92$18,531,693$0$0$7,507,453
93$20,337,179$0$0$8,242,089
94$22,324,155$0$0$9,050,678
95$24,511,048$0$0$9,940,731
96$26,918,165$0$0$10,920,526
97$29,567,877$0$0$11,999,185
98$32,484,838$0$0$13,186,756
99$35,696,212$0$0$14,494,316
100$39,231,930$0$0$15,934,065