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%19.7%
1 years$49,135$48,697$48,270$47,853$47,446$45,600
2 years$24,324$23,871$23,432$23,006$22,593$20,755
3 years$16,055$15,600$15,162$14,740$14,334$12,563
4 years$11,921$11,468$11,034$10,620$10,223$8,531
5 years$9,442$8,991$8,563$8,157$7,772$6,164
6 years$7,789$7,342$6,920$6,523$6,149$4,627
7 years$6,609$6,165$5,751$5,363$5,001$3,563
8 years$5,725$5,285$4,877$4,499$4,149$2,795
9 years$5,037$4,602$4,201$3,832$3,494$2,221
10 years$4,487$4,056$3,662$3,303$2,977$1,783
11 years$4,038$3,611$3,224$2,875$2,560$1,442
12 years$3,663$3,241$2,861$2,522$2,219$1,174
13 years$3,347$2,929$2,556$2,226$1,935$960
14 years$3,076$2,662$2,297$1,976$1,696$788
15 years$2,841$2,432$2,074$1,762$1,493$649
16 years$2,636$2,231$1,880$1,578$1,320$536
17 years$2,455$2,055$1,711$1,418$1,170$443
18 years$2,295$1,899$1,562$1,278$1,041$367
19 years$2,151$1,760$1,430$1,155$927$305
20 years$2,022$1,635$1,312$1,046$828$253
21 years$1,906$1,523$1,207$949$741$211
22 years$1,800$1,422$1,112$863$664$175
23 years$1,703$1,330$1,027$786$596$146
24 years$1,615$1,246$950$717$536$122
25 years$1,534$1,169$880$655$482$101
26 years$1,459$1,099$816$599$435$85
27 years$1,390$1,034$758$548$392$71
28 years$1,326$975$704$502$354$59
29 years$1,267$919$655$460$319$49
30 years$1,211$868$611$422$288$41
31 years$1,159$821$569$388$261$34
32 years$1,111$777$531$357$236$29
33 years$1,066$735$496$328$213$24
34 years$1,023$697$463$302$193$20
35 years$983$661$433$278$175$17
36 years$945$628$405$256$159$14
37 years$909$596$379$236$144$12
38 years$876$566$355$217$130$10
39 years$844$539$333$200$118$8
40 years$813$512$312$185$107$7
41 years$785$488$292$170$97$6
42 years$758$465$274$157$88$5
43 years$732$443$257$145$80$4
44 years$707$422$242$134$73$3
45 years$683$402$227$124$66$3
46 years$661$384$213$114$60$2
47 years$640$366$200$106$54$2
48 years$619$350$188$98$49$2
49 years$600$334$177$90$45$1
50 years$581$319$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 $595,000, adding $3,895 every year, while hoping to spend $42,801 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: 32/42/26 Blend
50$595,000$595,000$595,000$595,000
51$659,708$628,173$618,950$675,469
52$681,458$613,413$594,145$673,040
53$703,992$596,496$567,075$666,348
54$727,345$577,270$537,617$658,289
55$751,554$555,576$505,647$648,771
56$776,658$531,244$471,031$637,700
57$802,698$504,097$433,632$624,973
58$829,719$473,943$393,305$610,484
59$857,769$440,585$349,899$594,122
60$886,897$403,809$303,256$575,768
61$917,158$363,393$253,213$555,300
62$948,609$319,101$199,596$532,586
63$981,312$270,681$142,228$507,492
64$1,015,333$217,872$80,919$479,873
65$1,050,743$160,393$15,476$449,579
66$1,087,618$97,952$0$416,454
67$1,126,039$30,236$0$395,413
68$1,166,095$0$0$376,764
69$1,207,881$0$0$376,000
70$1,251,499$0$0$389,807
71$1,297,058$0$0$404,251
72$1,344,679$0$0$419,370
73$1,394,489$0$0$435,208
74$1,446,629$0$0$451,813
75$1,501,249$0$0$469,237
76$1,558,513$0$0$487,536
77$1,618,598$0$0$506,769
78$1,681,697$0$0$527,004
79$1,748,019$0$0$548,312
80$1,817,792$0$0$570,771
81$1,891,263$0$0$594,467
82$1,968,701$0$0$619,492
83$2,050,401$0$0$645,948
84$2,136,683$0$0$673,946
85$2,227,896$0$0$703,606
86$2,324,420$0$0$735,060
87$2,426,671$0$0$768,452
88$2,535,105$0$0$803,941
89$2,650,219$0$0$841,698
90$2,772,554$0$0$881,913
91$2,902,706$0$0$924,792
92$3,041,325$0$0$970,562
93$3,189,124$0$0$1,019,470
94$3,346,881$0$0$1,071,790
95$3,515,453$0$0$1,127,819
96$3,695,775$0$0$1,187,884
97$3,888,876$0$0$1,252,344
98$4,095,881$0$0$1,321,593
99$4,318,025$0$0$1,396,062
100$4,556,667$0$0$1,476,227