Can I retire at age 51 with 571,000?

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 $571,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$47,153$46,733$46,323$45,923$45,532$44,889
2 years$23,343$22,908$22,487$22,078$21,682$21,035
3 years$15,407$14,971$14,550$14,146$13,756$13,126
4 years$11,440$11,005$10,589$10,191$9,811$9,202
5 years$9,061$8,628$8,218$7,828$7,458$6,872
6 years$7,475$7,046$6,641$6,260$5,901$5,339
7 years$6,343$5,917$5,519$5,147$4,799$4,261
8 years$5,494$5,072$4,680$4,317$3,982$3,468
9 years$4,834$4,416$4,031$3,677$3,353$2,863
10 years$4,306$3,892$3,514$3,170$2,857$2,390
11 years$3,875$3,465$3,094$2,759$2,457$2,013
12 years$3,516$3,110$2,746$2,420$2,129$1,708
13 years$3,212$2,811$2,453$2,136$1,857$1,457
14 years$2,952$2,555$2,204$1,896$1,628$1,249
15 years$2,727$2,334$1,990$1,691$1,433$1,075
16 years$2,530$2,141$1,804$1,514$1,267$928
17 years$2,356$1,972$1,642$1,361$1,123$804
18 years$2,202$1,822$1,499$1,226$999$698
19 years$2,064$1,689$1,372$1,108$890$607
20 years$1,941$1,569$1,259$1,004$795$529
21 years$1,829$1,462$1,158$911$711$462
22 years$1,727$1,365$1,068$828$638$404
23 years$1,635$1,276$986$754$572$353
24 years$1,550$1,196$912$688$515$309
25 years$1,472$1,122$844$628$463$271
26 years$1,400$1,055$783$574$417$238
27 years$1,334$993$727$526$376$209
28 years$1,273$935$676$482$339$183
29 years$1,216$882$629$442$306$161
30 years$1,162$833$586$405$277$142
31 years$1,113$788$546$372$250$124
32 years$1,066$745$510$342$226$110
33 years$1,023$706$476$315$205$96
34 years$982$669$445$290$185$85
35 years$943$635$416$267$168$75
36 years$907$602$389$245$152$66
37 years$873$572$364$226$138$58
38 years$840$544$341$208$125$51
39 years$810$517$319$192$113$45
40 years$781$492$299$177$103$40
41 years$753$468$281$164$93$35
42 years$727$446$263$151$85$31
43 years$702$425$247$139$77$27
44 years$678$405$232$129$70$24
45 years$656$386$218$119$63$21
46 years$634$368$205$110$58$19
47 years$614$352$192$101$52$16
48 years$594$336$181$94$47$14
49 years$575$320$170$87$43$13
50 years$557$306$160$80$39$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $571,000, adding $3,261 every year, while hoping to spend $38,017 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: 65/22/13 Blend
50$571,000$571,000$571,000$571,000
51$632,606$602,343$593,492$671,609
52$656,682$591,408$572,924$687,135
53$681,939$578,663$550,393$699,363
54$708,459$563,979$525,793$711,772
55$736,328$547,220$499,013$724,379
56$765,641$528,241$469,938$737,204
57$796,501$506,890$438,446$750,268
58$829,022$483,005$404,411$763,599
59$863,324$456,415$367,702$777,226
60$899,543$426,939$328,179$791,185
61$937,822$394,385$285,699$805,518
62$978,322$358,552$240,112$820,271
63$1,021,216$319,225$191,261$835,498
64$1,066,692$276,180$138,980$851,260
65$1,114,958$229,176$83,100$867,629
66$1,166,241$177,963$23,440$884,683
67$1,220,787$122,273$0$902,514
68$1,278,868$61,825$0$926,805
69$1,340,781$0$0$955,926
70$1,406,850$0$0$987,672
71$1,477,431$0$0$1,037,597
72$1,552,915$0$0$1,091,014
73$1,633,728$0$0$1,148,229
74$1,720,341$0$0$1,209,576
75$1,813,267$0$0$1,275,424
76$1,913,072$0$0$1,346,177
77$2,020,374$0$0$1,422,277
78$2,135,855$0$0$1,504,210
79$2,260,261$0$0$1,592,513
80$2,394,412$0$0$1,687,770
81$2,539,211$0$0$1,790,628
82$2,695,647$0$0$1,901,795
83$2,864,808$0$0$2,022,048
84$3,047,892$0$0$2,152,246
85$3,246,213$0$0$2,293,328
86$3,461,216$0$0$2,446,329
87$3,694,493$0$0$2,612,387
88$3,947,791$0$0$2,792,754
89$4,223,033$0$0$2,988,806
90$4,522,337$0$0$3,202,059
91$4,848,029$0$0$3,434,177
92$5,202,670$0$0$3,686,995
93$5,589,080$0$0$3,962,530
94$6,010,359$0$0$4,263,003
95$6,469,920$0$0$4,590,858
96$6,971,523$0$0$4,948,784
97$7,519,301$0$0$5,339,742
98$8,117,808$0$0$5,766,993
99$8,772,056$0$0$6,234,126
100$9,487,564$0$0$6,745,091