Can I retire at age 51 with 534,000?

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 $534,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$44,097$43,704$43,321$42,947$42,582$41,485
2 years$21,830$21,424$21,030$20,648$20,277$19,179
3 years$14,409$14,001$13,608$13,229$12,865$11,800
4 years$10,699$10,292$9,903$9,531$9,175$8,153
5 years$8,474$8,069$7,685$7,321$6,975$5,997
6 years$6,991$6,589$6,211$5,854$5,519$4,586
7 years$5,932$5,533$5,161$4,813$4,488$3,601
8 years$5,138$4,743$4,377$4,038$3,724$2,881
9 years$4,521$4,130$3,770$3,439$3,136$2,338
10 years$4,027$3,640$3,287$2,965$2,672$1,917
11 years$3,624$3,241$2,894$2,580$2,298$1,586
12 years$3,288$2,909$2,568$2,263$1,991$1,320
13 years$3,004$2,629$2,294$1,998$1,736$1,105
14 years$2,761$2,389$2,061$1,774$1,522$929
15 years$2,550$2,183$1,861$1,582$1,340$783
16 years$2,366$2,003$1,687$1,416$1,184$663
17 years$2,204$1,844$1,536$1,272$1,050$562
18 years$2,059$1,704$1,402$1,147$934$478
19 years$1,931$1,579$1,283$1,036$832$407
20 years$1,815$1,468$1,178$938$743$347
21 years$1,710$1,367$1,083$852$665$296
22 years$1,615$1,276$998$774$596$253
23 years$1,529$1,194$922$705$535$216
24 years$1,450$1,118$853$643$481$185
25 years$1,377$1,049$790$587$433$159
26 years$1,310$986$732$537$390$136
27 years$1,248$928$680$492$352$117
28 years$1,190$875$632$450$317$100
29 years$1,137$825$588$413$286$86
30 years$1,087$779$548$379$259$74
31 years$1,041$737$511$348$234$63
32 years$997$697$477$320$212$54
33 years$956$660$445$294$192$47
34 years$918$626$416$271$173$40
35 years$882$593$389$249$157$34
36 years$848$563$364$230$142$30
37 years$816$535$340$211$129$25
38 years$786$508$319$195$117$22
39 years$757$483$299$180$106$19
40 years$730$460$280$166$96$16
41 years$704$438$262$153$87$14
42 years$680$417$246$141$79$12
43 years$657$397$231$130$72$10
44 years$634$379$217$120$65$9
45 years$613$361$204$111$59$8
46 years$593$344$191$103$54$7
47 years$574$329$180$95$49$6
48 years$556$314$169$88$44$5
49 years$538$300$159$81$40$4
50 years$521$286$149$75$37$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $534,000, adding $6,843 every year, while hoping to spend $44,085 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: 59/14/27 Blend
50$534,000$534,000$534,000$534,000
51$595,527$567,225$558,948$625,937
52$609,364$548,112$530,766$628,369
53$623,136$526,586$500,163$625,734
54$636,788$502,481$467,011$621,935
55$650,260$475,623$431,176$616,871
56$663,485$445,827$392,519$610,430
57$676,387$412,899$350,894$602,494
58$688,879$376,631$306,150$592,936
59$700,865$336,807$258,126$581,615
60$712,238$293,195$206,659$568,383
61$722,878$245,553$151,573$553,076
62$732,650$193,623$92,689$535,521
63$741,403$137,134$29,817$515,525
64$748,971$75,799$0$492,885
65$755,168$9,314$0$478,115
66$759,785$0$0$470,101
67$762,592$0$0$469,694
68$763,332$0$0$469,352
69$761,722$0$0$467,456
70$757,444$0$0$463,799
71$750,147$0$0$458,151
72$739,442$0$0$450,259
73$724,898$0$0$439,842
74$706,037$0$0$426,587
75$682,328$0$0$410,150
76$653,187$0$0$390,148
77$617,962$0$0$366,157
78$575,936$0$0$337,711
79$526,314$0$0$304,290
80$468,217$0$0$265,322
81$400,673$0$0$220,175
82$322,608$0$0$168,147
83$232,833$0$0$108,467
84$130,037$0$0$40,280
85$12,770$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0