Can I retire at age 51 with 529,000?

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 $529,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$43,684$43,295$42,916$42,545$42,183$41,935
2 years$21,626$21,223$20,833$20,454$20,087$19,837
3 years$14,274$13,870$13,480$13,105$12,744$12,499
4 years$10,599$10,196$9,810$9,442$9,089$8,852
5 years$8,394$7,993$7,613$7,252$6,910$6,680
6 years$6,925$6,527$6,152$5,800$5,467$5,246
7 years$5,876$5,482$5,113$4,768$4,446$4,234
8 years$5,090$4,699$4,336$4,000$3,689$3,485
9 years$4,478$4,091$3,735$3,407$3,106$2,911
10 years$3,990$3,606$3,256$2,937$2,647$2,460
11 years$3,590$3,210$2,866$2,556$2,276$2,098
12 years$3,257$2,881$2,544$2,242$1,973$1,802
13 years$2,976$2,604$2,273$1,979$1,720$1,558
14 years$2,735$2,367$2,042$1,757$1,508$1,353
15 years$2,526$2,162$1,844$1,567$1,328$1,180
16 years$2,344$1,984$1,672$1,403$1,173$1,034
17 years$2,183$1,827$1,521$1,261$1,040$908
18 years$2,040$1,688$1,389$1,136$925$799
19 years$1,913$1,565$1,271$1,027$825$705
20 years$1,798$1,454$1,167$930$737$624
21 years$1,694$1,354$1,073$844$659$553
22 years$1,600$1,264$989$767$591$490
23 years$1,514$1,182$913$699$530$435
24 years$1,436$1,108$845$637$477$387
25 years$1,364$1,040$782$582$429$345
26 years$1,297$977$725$532$386$307
27 years$1,236$920$674$487$348$274
28 years$1,179$866$626$446$314$245
29 years$1,126$817$583$409$284$218
30 years$1,077$772$543$376$256$195
31 years$1,031$730$506$345$232$174
32 years$988$690$472$317$210$156
33 years$947$654$441$292$190$140
34 years$909$620$412$268$172$125
35 years$874$588$385$247$156$112
36 years$840$558$360$227$141$100
37 years$808$530$337$210$128$90
38 years$778$504$316$193$116$80
39 years$750$479$296$178$105$72
40 years$723$456$277$164$95$65
41 years$698$434$260$152$86$58
42 years$673$413$244$140$78$52
43 years$650$394$229$129$71$47
44 years$629$375$215$119$65$42
45 years$608$358$202$110$59$37
46 years$588$341$189$102$53$34
47 years$569$326$178$94$48$30
48 years$551$311$167$87$44$27
49 years$533$297$157$80$40$24
50 years$516$284$148$74$36$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $529,000, adding $6,681 every year, while hoping to spend $33,117 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: 60/25/15 Blend
50$529,000$529,000$529,000$529,000
51$589,849$561,812$553,613$622,627
52$614,778$554,105$536,923$637,807
53$641,139$544,910$518,563$650,066
54$669,044$534,120$498,444$662,658
55$698,615$521,619$476,470$675,618
56$729,983$507,288$452,542$688,987
57$763,295$490,999$426,555$702,811
58$798,708$472,615$398,402$717,142
59$836,396$451,993$367,968$732,040
60$876,550$428,982$335,136$747,574
61$919,376$403,421$299,782$763,818
62$965,104$375,140$261,776$780,860
63$1,013,982$343,959$220,983$798,796
64$1,066,285$309,690$177,263$817,736
65$1,122,312$272,131$130,467$837,803
66$1,182,393$231,070$80,443$859,136
67$1,246,889$186,284$27,029$881,889
68$1,316,196$137,536$0$906,238
69$1,390,749$84,577$0$937,173
70$1,471,026$27,141$0$975,046
71$1,557,551$0$0$1,015,799
72$1,650,901$0$0$1,069,378
73$1,751,709$0$0$1,135,333
74$1,860,671$0$0$1,206,657
75$1,978,551$0$0$1,283,855
76$2,106,189$0$0$1,367,482
77$2,244,510$0$0$1,458,148
78$2,394,529$0$0$1,556,524
79$2,557,365$0$0$1,663,349
80$2,734,245$0$0$1,779,434
81$2,926,522$0$0$1,905,671
82$3,135,684$0$0$2,043,044
83$3,363,365$0$0$2,192,633
84$3,611,366$0$0$2,355,629
85$3,881,670$0$0$2,533,339
86$4,176,455$0$0$2,727,204
87$4,498,123$0$0$2,938,812
88$4,849,314$0$0$3,169,906
89$5,232,937$0$0$3,422,409
90$5,652,193$0$0$3,698,436
91$6,110,606$0$0$4,000,317
92$6,612,056$0$0$4,330,615
93$7,160,817$0$0$4,692,156
94$7,761,593$0$0$5,088,047
95$8,419,564$0$0$5,521,715
96$9,140,437$0$0$5,996,929
97$9,930,495$0$0$6,517,843
98$10,796,656$0$0$7,089,031
99$11,746,544$0$0$7,715,530
100$12,788,552$0$0$8,402,891