Can I retire at age 51 with 541,000?

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 $541,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$44,675$44,277$43,889$43,510$43,140$41,742
2 years$22,116$21,705$21,305$20,918$20,543$19,148
3 years$14,598$14,184$13,786$13,403$13,033$11,685
4 years$10,839$10,427$10,033$9,656$9,295$8,004
5 years$8,585$8,175$7,786$7,417$7,066$5,835
6 years$7,082$6,675$6,292$5,931$5,591$4,421
7 years$6,009$5,606$5,229$4,876$4,547$3,438
8 years$5,205$4,805$4,434$4,091$3,772$2,723
9 years$4,580$4,184$3,819$3,484$3,177$2,187
10 years$4,080$3,688$3,330$3,003$2,707$1,775
11 years$3,671$3,283$2,931$2,614$2,328$1,452
12 years$3,331$2,947$2,602$2,293$2,017$1,195
13 years$3,043$2,663$2,324$2,024$1,759$989
14 years$2,797$2,421$2,088$1,797$1,542$821
15 years$2,583$2,211$1,886$1,602$1,358$685
16 years$2,397$2,029$1,710$1,435$1,200$572
17 years$2,232$1,868$1,556$1,289$1,064$479
18 years$2,086$1,727$1,420$1,162$946$402
19 years$1,956$1,600$1,300$1,050$843$338
20 years$1,839$1,487$1,193$951$753$285
21 years$1,733$1,385$1,097$863$674$240
22 years$1,637$1,293$1,011$785$604$202
23 years$1,549$1,209$934$715$542$171
24 years$1,469$1,133$864$652$487$144
25 years$1,395$1,063$800$595$439$122
26 years$1,327$999$742$544$395$103
27 years$1,264$940$689$498$356$87
28 years$1,206$886$640$456$321$74
29 years$1,152$836$596$419$290$62
30 years$1,101$789$555$384$262$53
31 years$1,054$746$518$353$237$45
32 years$1,010$706$483$324$214$38
33 years$969$669$451$298$194$32
34 years$930$634$421$274$176$27
35 years$894$601$394$253$159$23
36 years$859$571$368$233$144$19
37 years$827$542$345$214$131$16
38 years$796$515$323$197$119$14
39 years$767$490$303$182$107$12
40 years$740$466$284$168$97$10
41 years$714$444$266$155$88$8
42 years$689$422$249$143$80$7
43 years$665$402$234$132$73$6
44 years$643$384$220$122$66$5
45 years$621$366$206$113$60$4
46 years$601$349$194$104$54$4
47 years$582$333$182$96$49$3
48 years$563$318$171$89$45$3
49 years$545$304$161$82$41$2
50 years$528$290$151$76$37$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $541,000, adding $6,328 every year, while hoping to spend $35,865 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: 43/31/26 Blend
50$541,000$541,000$541,000$541,000
51$602,709$574,036$565,651$623,824
52$626,026$564,004$546,440$629,477
53$650,518$552,278$525,384$631,693
54$676,269$538,738$502,382$633,395
55$703,367$523,255$477,331$634,556
56$731,911$505,694$450,121$635,149
57$762,004$485,912$420,639$635,147
58$793,764$463,757$388,766$634,522
59$827,315$439,068$354,377$633,250
60$862,795$411,677$317,342$631,304
61$900,354$381,402$277,527$628,662
62$940,154$348,055$234,788$625,301
63$982,375$311,435$188,979$621,201
64$1,027,212$271,330$139,944$616,344
65$1,074,878$227,515$87,522$610,715
66$1,125,607$179,755$31,546$604,303
67$1,179,655$127,799$0$597,100
68$1,237,301$71,383$0$596,925
69$1,298,853$10,228$0$605,809
70$1,364,647$0$0$615,053
71$1,435,051$0$0$643,820
72$1,510,469$0$0$678,418
73$1,591,345$0$0$715,566
74$1,678,165$0$0$755,493
75$1,771,462$0$0$798,452
76$1,871,823$0$0$844,718
77$1,979,890$0$0$894,595
78$2,096,369$0$0$948,417
79$2,222,037$0$0$1,006,549
80$2,357,747$0$0$1,069,395
81$2,504,434$0$0$1,137,397
82$2,663,128$0$0$1,211,042
83$2,834,962$0$0$1,290,863
84$3,021,178$0$0$1,377,450
85$3,223,146$0$0$1,471,448
86$3,442,369$0$0$1,573,569
87$3,680,502$0$0$1,684,595
88$3,939,367$0$0$1,805,388
89$4,220,964$0$0$1,936,894
90$4,527,497$0$0$2,080,155
91$4,861,390$0$0$2,236,319
92$5,225,311$0$0$2,406,647
93$5,622,196$0$0$2,592,528
94$6,055,276$0$0$2,795,492
95$6,528,108$0$0$3,017,221
96$7,044,608$0$0$3,259,570
97$7,609,086$0$0$3,524,578
98$8,226,287$0$0$3,814,491
99$8,901,436$0$0$4,131,784
100$9,640,287$0$0$4,479,178