Can I retire at age 51 with 597,000?

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 $597,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$49,300$48,861$48,432$48,014$47,606$46,740
2 years$24,406$23,951$23,511$23,084$22,669$21,800
3 years$16,109$15,652$15,213$14,790$14,382$13,537
4 years$11,961$11,506$11,071$10,655$10,258$9,443
5 years$9,473$9,021$8,592$8,184$7,798$7,015
6 years$7,815$7,366$6,943$6,545$6,170$5,421
7 years$6,631$6,186$5,770$5,381$5,018$4,302
8 years$5,744$5,303$4,893$4,514$4,163$3,481
9 years$5,054$4,617$4,215$3,845$3,506$2,857
10 years$4,502$4,070$3,674$3,314$2,987$2,370
11 years$4,051$3,623$3,235$2,885$2,569$1,984
12 years$3,676$3,252$2,871$2,530$2,226$1,672
13 years$3,358$2,939$2,565$2,234$1,941$1,417
14 years$3,086$2,671$2,305$1,983$1,702$1,207
15 years$2,851$2,440$2,081$1,768$1,498$1,032
16 years$2,645$2,239$1,887$1,583$1,324$885
17 years$2,463$2,062$1,717$1,423$1,174$761
18 years$2,302$1,905$1,567$1,282$1,044$656
19 years$2,158$1,766$1,435$1,158$931$566
20 years$2,029$1,641$1,317$1,049$831$490
21 years$1,912$1,528$1,211$952$744$424
22 years$1,806$1,427$1,116$866$667$368
23 years$1,709$1,334$1,031$788$598$319
24 years$1,621$1,250$953$719$538$278
25 years$1,539$1,173$883$657$484$241
26 years$1,464$1,103$819$601$436$210
27 years$1,395$1,038$760$550$393$183
28 years$1,331$978$707$504$355$159
29 years$1,271$922$658$462$320$139
30 years$1,215$871$613$424$289$121
31 years$1,163$824$571$389$262$106
32 years$1,115$779$533$358$237$92
33 years$1,069$738$498$329$214$80
34 years$1,026$699$465$303$194$70
35 years$986$663$435$279$176$61
36 years$948$630$407$257$159$53
37 years$912$598$381$236$144$47
38 years$879$568$356$218$131$41
39 years$847$540$334$201$119$36
40 years$816$514$313$185$108$31
41 years$787$489$293$171$98$27
42 years$760$466$275$158$89$24
43 years$734$444$258$146$80$21
44 years$709$423$242$135$73$18
45 years$686$404$228$124$66$16
46 years$663$385$214$115$60$14
47 years$642$368$201$106$55$12
48 years$621$351$189$98$50$11
49 years$602$335$177$91$45$9
50 years$583$320$167$84$41$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $597,000, adding $3,937 every year, while hoping to spend $21,077 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: 77/16/7 Blend
50$597,000$597,000$597,000$597,000
51$661,955$630,314$621,061$712,058
52$707,049$638,774$619,440$753,974
53$756,035$646,941$617,059$796,803
54$809,290$654,781$613,870$843,141
55$867,225$662,252$609,822$893,329
56$930,295$669,315$604,863$947,741
57$998,997$675,924$598,939$1,006,790
58$1,073,883$682,032$591,991$1,070,929
59$1,155,555$687,588$583,959$1,140,658
60$1,244,681$692,539$574,781$1,216,530
61$1,341,992$696,827$564,390$1,299,151
62$1,448,295$700,392$552,717$1,389,190
63$1,564,478$703,167$539,690$1,487,384
64$1,691,518$705,086$525,232$1,594,547
65$1,830,490$706,073$509,265$1,711,572
66$1,982,581$706,051$491,707$1,839,447
67$2,149,095$704,938$472,469$1,979,259
68$2,331,468$702,646$451,462$2,132,205
69$2,531,283$699,080$428,592$2,299,606
70$2,750,282$694,144$403,758$2,482,917
71$2,990,385$687,731$376,857$2,683,740
72$3,253,705$679,730$347,783$2,903,844
73$3,542,569$670,023$316,420$3,145,176
74$3,859,543$658,486$282,652$3,409,882
75$4,207,451$644,987$246,355$3,700,328
76$4,589,404$629,384$207,401$4,019,121
77$5,008,829$611,529$165,655$4,369,135
78$5,469,501$591,266$120,976$4,753,537
79$5,975,580$568,428$73,218$5,175,817
80$6,531,647$542,838$22,229$5,639,823
81$7,142,749$514,311$0$6,149,795
82$7,814,447$482,650$0$6,712,810
83$8,552,867$447,647$0$7,333,544
84$9,364,759$409,081$0$8,016,023
85$10,257,557$366,719$0$8,766,520
86$11,239,455$320,315$0$9,591,944
87$12,319,479$269,610$0$10,499,910
88$13,507,574$214,329$0$11,498,812
89$14,814,697$154,182$0$12,597,898
90$16,252,922$88,862$0$13,807,362
91$17,835,549$18,046$0$15,138,437
92$19,577,237$0$0$16,603,502
93$21,494,134$0$0$18,226,519
94$23,604,036$0$0$20,016,473
95$25,926,548$0$0$21,986,824
96$28,483,277$0$0$24,155,904
97$31,298,026$0$0$26,543,913
98$34,397,028$0$0$29,173,108
99$37,809,186$0$0$32,068,015
100$41,566,350$0$0$35,255,659