Can I retire at age 51 with 596,000?

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 $596,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$49,217$48,779$48,351$47,934$47,526$46,816
2 years$24,365$23,911$23,471$23,045$22,631$21,917
3 years$16,082$15,626$15,188$14,765$14,358$13,663
4 years$11,941$11,487$11,053$10,637$10,240$9,569
5 years$9,457$9,006$8,577$8,171$7,785$7,139
6 years$7,802$7,354$6,932$6,534$6,160$5,540
7 years$6,620$6,176$5,760$5,372$5,009$4,417
8 years$5,734$5,294$4,885$4,506$4,156$3,590
9 years$5,046$4,609$4,208$3,839$3,500$2,960
10 years$4,495$4,063$3,668$3,309$2,982$2,469
11 years$4,045$3,617$3,230$2,880$2,565$2,077
12 years$3,670$3,246$2,866$2,526$2,222$1,759
13 years$3,353$2,934$2,561$2,230$1,938$1,499
14 years$3,081$2,667$2,301$1,980$1,699$1,283
15 years$2,846$2,436$2,077$1,765$1,496$1,103
16 years$2,641$2,235$1,883$1,581$1,322$951
17 years$2,459$2,058$1,714$1,420$1,172$823
18 years$2,299$1,902$1,564$1,280$1,042$713
19 years$2,155$1,763$1,432$1,157$929$620
20 years$2,026$1,638$1,314$1,047$830$539
21 years$1,909$1,526$1,209$951$743$470
22 years$1,803$1,424$1,114$864$666$410
23 years$1,706$1,332$1,029$787$597$358
24 years$1,618$1,248$951$718$537$313
25 years$1,537$1,171$881$656$483$274
26 years$1,462$1,101$817$600$435$240
27 years$1,393$1,036$759$549$392$210
28 years$1,328$976$706$503$354$184
29 years$1,269$921$657$461$320$162
30 years$1,213$870$612$423$289$142
31 years$1,161$822$570$389$261$125
32 years$1,113$778$532$357$236$109
33 years$1,067$737$497$328$214$96
34 years$1,025$698$464$302$194$84
35 years$984$662$434$278$175$74
36 years$947$629$406$256$159$65
37 years$911$597$380$236$144$57
38 years$877$567$356$218$131$50
39 years$845$540$333$201$118$44
40 years$815$513$312$185$107$39
41 years$786$489$293$171$97$34
42 years$759$465$275$158$88$30
43 years$733$443$258$145$80$27
44 years$708$423$242$134$73$23
45 years$685$403$227$124$66$21
46 years$662$384$213$115$60$18
47 years$641$367$201$106$55$16
48 years$620$350$188$98$49$14
49 years$601$334$177$90$45$12
50 years$582$320$167$84$41$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $596,000, adding $2,680 every year, while hoping to spend $25,060 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: 48/44/8 Blend
50$596,000$596,000$596,000$596,000
51$659,556$627,968$618,730$689,678
52$700,168$632,075$612,794$714,719
53$744,081$635,543$605,819$739,033
54$791,607$638,315$597,744$764,848
55$843,088$640,329$588,505$792,310
56$898,897$641,520$578,035$821,582
57$959,449$641,818$566,263$852,845
58$1,025,196$641,150$553,116$886,299
59$1,096,637$639,438$538,516$922,165
60$1,174,321$636,598$522,384$960,689
61$1,258,854$632,543$504,635$1,002,143
62$1,350,898$627,178$485,182$1,046,827
63$1,451,185$620,406$463,931$1,095,076
64$1,560,520$612,120$440,787$1,147,259
65$1,679,789$602,209$415,649$1,203,784
66$1,809,966$590,556$388,412$1,265,104
67$1,952,125$577,036$358,966$1,331,720
68$2,107,446$561,515$327,196$1,404,186
69$2,277,231$543,855$292,982$1,483,116
70$2,462,911$523,906$256,199$1,569,189
71$2,666,062$501,511$216,717$1,663,154
72$2,888,420$476,506$174,397$1,765,843
73$3,131,898$448,713$129,098$1,878,174
74$3,398,599$417,948$80,670$2,001,162
75$3,690,842$384,013$28,958$2,135,930
76$4,011,180$346,701$0$2,283,719
77$4,362,424$305,793$0$2,448,141
78$4,747,671$261,057$0$2,631,255
79$5,170,332$212,248$0$2,832,280
80$5,634,164$159,106$0$3,053,082
81$6,143,306$101,360$0$3,295,725
82$6,702,316$38,718$0$3,562,487
83$7,316,214$0$0$3,855,882
84$7,990,534$0$0$4,192,789
85$8,731,369$0$0$4,583,594
86$9,545,431$0$0$5,013,099
87$10,440,116$0$0$5,485,216
88$11,423,573$0$0$6,004,254
89$12,504,777$0$0$6,574,959
90$13,693,618$0$0$7,202,562
91$15,000,992$0$0$7,892,825
92$16,438,902$0$0$8,652,096
93$18,020,575$0$0$9,487,370
94$19,760,583$0$0$10,406,353
95$21,674,982$0$0$11,417,538
96$23,781,462$0$0$12,530,281
97$26,099,516$0$0$13,754,890
98$28,650,620$0$0$15,102,725
99$31,458,439$0$0$16,586,301
100$34,549,048$0$0$18,219,410