Can I retire at age 51 with 597,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%15.7%
1 years$49,300$48,861$48,432$48,014$47,606$46,493
2 years$24,406$23,951$23,511$23,084$22,669$21,554
3 years$16,109$15,652$15,213$14,790$14,382$13,300
4 years$11,961$11,506$11,071$10,655$10,258$9,217
5 years$9,473$9,021$8,592$8,184$7,798$6,801
6 years$7,815$7,366$6,943$6,545$6,170$5,218
7 years$6,631$6,186$5,770$5,381$5,018$4,111
8 years$5,744$5,303$4,893$4,514$4,163$3,301
9 years$5,054$4,617$4,215$3,845$3,506$2,688
10 years$4,502$4,070$3,674$3,314$2,987$2,213
11 years$4,051$3,623$3,235$2,885$2,569$1,837
12 years$3,676$3,252$2,871$2,530$2,226$1,535
13 years$3,358$2,939$2,565$2,234$1,941$1,290
14 years$3,086$2,671$2,305$1,983$1,702$1,089
15 years$2,851$2,440$2,081$1,768$1,498$923
16 years$2,645$2,239$1,887$1,583$1,324$784
17 years$2,463$2,062$1,717$1,423$1,174$668
18 years$2,302$1,905$1,567$1,282$1,044$570
19 years$2,158$1,766$1,435$1,158$931$488
20 years$2,029$1,641$1,317$1,049$831$418
21 years$1,912$1,528$1,211$952$744$358
22 years$1,806$1,427$1,116$866$667$308
23 years$1,709$1,334$1,031$788$598$264
24 years$1,621$1,250$953$719$538$227
25 years$1,539$1,173$883$657$484$196
26 years$1,464$1,103$819$601$436$168
27 years$1,395$1,038$760$550$393$145
28 years$1,331$978$707$504$355$125
29 years$1,271$922$658$462$320$108
30 years$1,215$871$613$424$289$93
31 years$1,163$824$571$389$262$80
32 years$1,115$779$533$358$237$69
33 years$1,069$738$498$329$214$60
34 years$1,026$699$465$303$194$52
35 years$986$663$435$279$176$45
36 years$948$630$407$257$159$39
37 years$912$598$381$236$144$33
38 years$879$568$356$218$131$29
39 years$847$540$334$201$119$25
40 years$816$514$313$185$108$21
41 years$787$489$293$171$98$19
42 years$760$466$275$158$89$16
43 years$734$444$258$146$80$14
44 years$709$423$242$135$73$12
45 years$686$404$228$124$66$10
46 years$663$385$214$115$60$9
47 years$642$368$201$106$55$8
48 years$621$351$189$98$50$7
49 years$602$335$177$91$45$6
50 years$583$320$167$84$41$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $597,000, adding $2,807 every year, while hoping to spend $32,725 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: 50/25/25 Blend
50$597,000$597,000$597,000$597,000
51$660,789$629,148$619,895$689,047
52$693,371$625,158$605,842$705,023
53$728,179$619,874$590,222$718,860
54$765,406$613,201$572,947$733,239
55$805,263$605,033$553,927$748,228
56$847,981$595,262$533,065$763,899
57$893,816$583,770$510,263$780,338
58$943,045$570,434$485,416$797,637
59$995,973$555,124$458,416$815,905
60$1,052,938$537,701$429,149$835,259
61$1,114,308$518,018$397,495$855,834
62$1,180,488$495,921$363,331$877,780
63$1,251,922$471,246$326,527$901,267
64$1,329,099$443,818$286,948$926,484
65$1,412,558$413,456$244,451$953,640
66$1,502,888$379,964$198,889$982,974
67$1,600,738$343,138$150,107$1,014,750
68$1,706,822$302,761$97,945$1,049,261
69$1,821,926$258,604$42,234$1,086,838
70$1,946,912$210,425$0$1,127,846
71$2,082,730$157,968$0$1,177,290
72$2,230,424$100,964$0$1,243,350
73$2,391,143$39,128$0$1,315,309
74$2,566,152$0$0$1,393,783
75$2,756,842$0$0$1,487,115
76$2,964,744$0$0$1,600,664
77$3,191,543$0$0$1,724,594
78$3,439,094$0$0$1,859,925
79$3,709,439$0$0$2,007,782
80$4,004,825$0$0$2,169,402
81$4,327,726$0$0$2,346,147
82$4,680,868$0$0$2,539,517
83$5,067,249$0$0$2,751,165
84$5,490,172$0$0$2,982,907
85$5,953,274$0$0$3,236,748
86$6,460,560$0$0$3,514,892
87$7,016,441$0$0$3,819,769
88$7,625,775$0$0$4,154,054
89$8,293,911$0$0$4,520,693
90$9,026,741$0$0$4,922,931
91$9,830,756$0$0$5,364,343
92$10,713,104$0$0$5,848,866
93$11,681,659$0$0$6,380,837
94$12,745,095$0$0$6,965,034
95$13,912,967$0$0$7,606,719
96$15,195,800$0$0$8,311,691
97$16,605,188$0$0$9,086,337
98$18,153,906$0$0$9,937,692
99$19,856,024$0$0$10,873,508
100$21,727,048$0$0$11,902,326