Can I retire at age 51 with 531,000?

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 $531,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$43,849$43,459$43,078$42,706$42,343$42,076
2 years$21,708$21,303$20,912$20,532$20,163$19,894
3 years$14,328$13,922$13,531$13,155$12,792$12,529
4 years$10,639$10,234$9,847$9,477$9,124$8,868
5 years$8,426$8,024$7,642$7,279$6,936$6,689
6 years$6,951$6,552$6,176$5,821$5,488$5,251
7 years$5,898$5,502$5,132$4,786$4,463$4,235
8 years$5,109$4,716$4,352$4,015$3,703$3,484
9 years$4,495$4,107$3,749$3,420$3,118$2,909
10 years$4,005$3,620$3,268$2,948$2,657$2,456
11 years$3,603$3,222$2,877$2,566$2,285$2,093
12 years$3,269$2,892$2,554$2,250$1,980$1,797
13 years$2,987$2,614$2,281$1,987$1,727$1,552
14 years$2,745$2,376$2,050$1,764$1,514$1,348
15 years$2,536$2,170$1,851$1,573$1,333$1,175
16 years$2,353$1,991$1,678$1,408$1,178$1,028
17 years$2,191$1,834$1,527$1,265$1,044$902
18 years$2,048$1,695$1,394$1,140$929$794
19 years$1,920$1,571$1,276$1,030$828$700
20 years$1,805$1,459$1,171$933$739$619
21 years$1,701$1,359$1,077$847$662$548
22 years$1,606$1,269$993$770$593$486
23 years$1,520$1,187$917$701$532$431
24 years$1,441$1,112$848$640$478$383
25 years$1,369$1,044$785$584$431$341
26 years$1,302$981$728$534$388$303
27 years$1,241$923$676$489$350$270
28 years$1,183$870$629$448$315$241
29 years$1,130$821$585$411$285$215
30 years$1,081$775$545$377$257$192
31 years$1,035$733$508$346$233$172
32 years$991$693$474$318$211$153
33 years$951$656$443$293$191$137
34 years$913$622$413$269$172$123
35 years$877$590$387$248$156$110
36 years$843$560$362$228$142$98
37 years$812$532$338$210$128$88
38 years$781$506$317$194$116$79
39 years$753$481$297$179$105$70
40 years$726$457$278$165$96$63
41 years$700$435$261$152$87$56
42 years$676$415$245$140$79$51
43 years$653$395$230$130$71$45
44 years$631$377$216$120$65$41
45 years$610$359$202$110$59$36
46 years$590$343$190$102$53$33
47 years$571$327$179$94$49$29
48 years$553$312$168$87$44$26
49 years$535$298$158$81$40$23
50 years$518$285$148$74$36$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $531,000, adding $2,885 every year, while hoping to spend $22,100 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: 50/29/21 Blend
50$531,000$531,000$531,000$531,000
51$588,138$559,995$551,764$613,957
52$624,614$563,920$546,734$636,072
53$664,069$567,298$540,795$657,604
54$706,786$570,076$533,893$680,543
55$753,071$572,203$525,971$705,030
56$803,264$573,621$516,971$731,224
57$857,738$574,270$506,831$759,296
58$916,904$574,086$495,486$789,441
59$981,213$573,000$482,870$821,871
60$1,051,160$570,941$468,910$856,822
61$1,127,294$567,832$453,533$894,557
62$1,210,213$563,591$436,662$935,365
63$1,300,580$558,133$418,216$979,566
64$1,399,123$551,365$398,110$1,027,516
65$1,506,643$543,191$376,255$1,079,607
66$1,624,021$533,508$352,561$1,136,275
67$1,752,228$522,207$326,928$1,197,998
68$1,892,333$509,173$299,258$1,265,311
69$2,045,512$494,284$269,444$1,338,800
70$2,213,061$477,410$237,377$1,419,117
71$2,396,405$458,414$202,941$1,506,981
72$2,597,114$437,153$166,016$1,603,186
73$2,816,919$413,473$126,476$1,708,613
74$3,057,723$387,211$84,192$1,824,233
75$3,321,624$358,198$39,025$1,951,119
76$3,610,931$326,251$0$2,090,459
77$3,928,189$291,179$0$2,245,619
78$4,276,198$252,781$0$2,425,458
79$4,658,045$210,842$0$2,622,858
80$5,077,129$165,137$0$2,839,621
81$5,537,195$115,428$0$3,077,740
82$6,042,367$61,462$0$3,339,409
83$6,597,188$2,973$0$3,627,050
84$7,206,664$0$0$3,943,337
85$7,876,308$0$0$4,310,465
86$8,612,194$0$0$4,715,013
87$9,421,015$0$0$5,159,718
88$10,310,142$0$0$5,648,643
89$11,287,698$0$0$6,186,260
90$12,362,631$0$0$6,777,501
91$13,544,800$0$0$7,427,795
92$14,845,068$0$0$8,143,128
93$16,275,402$0$0$8,930,092
94$17,848,989$0$0$9,795,952
95$19,580,357$0$0$10,748,713
96$21,485,513$0$0$11,797,192
97$23,582,096$0$0$12,951,107
98$25,889,540$0$0$14,221,166
99$28,429,258$0$0$15,619,166
100$31,224,846$0$0$17,158,106