Can I retire at age 51 with 572,000?

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 $572,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$47,235$46,814$46,404$46,003$45,612$44,241
2 years$23,384$22,948$22,526$22,117$21,720$20,350
3 years$15,434$14,997$14,576$14,171$13,780$12,454
4 years$11,460$11,024$10,608$10,209$9,828$8,557
5 years$9,077$8,643$8,232$7,842$7,471$6,257
6 years$7,488$7,058$6,653$6,271$5,912$4,757
7 years$6,354$5,927$5,528$5,156$4,808$3,712
8 years$5,503$5,081$4,688$4,325$3,989$2,951
9 years$4,842$4,424$4,038$3,684$3,359$2,378
10 years$4,314$3,899$3,521$3,176$2,862$1,937
11 years$3,882$3,471$3,099$2,764$2,461$1,591
12 years$3,522$3,116$2,751$2,424$2,133$1,315
13 years$3,218$2,816$2,458$2,140$1,860$1,092
14 years$2,957$2,559$2,208$1,900$1,630$911
15 years$2,731$2,338$1,994$1,694$1,436$763
16 years$2,534$2,145$1,808$1,517$1,269$640
17 years$2,360$1,976$1,645$1,363$1,125$539
18 years$2,206$1,825$1,501$1,228$1,000$454
19 years$2,068$1,692$1,375$1,110$892$384
20 years$1,944$1,572$1,261$1,005$796$324
21 years$1,832$1,464$1,160$912$713$275
22 years$1,730$1,367$1,069$830$639$233
23 years$1,638$1,278$987$755$573$197
24 years$1,553$1,198$913$689$515$167
25 years$1,475$1,124$846$629$464$142
26 years$1,403$1,056$784$575$418$121
27 years$1,336$994$728$527$377$103
28 years$1,275$937$677$483$340$87
29 years$1,218$884$630$442$307$74
30 years$1,164$835$587$406$277$63
31 years$1,115$789$547$373$251$54
32 years$1,068$747$511$343$227$46
33 years$1,024$707$477$315$205$39
34 years$983$670$445$290$186$33
35 years$945$636$416$267$168$28
36 years$908$603$390$246$152$24
37 years$874$573$365$227$138$20
38 years$842$545$341$209$125$17
39 years$811$518$320$193$114$15
40 years$782$493$300$178$103$13
41 years$754$469$281$164$93$11
42 years$728$447$264$151$85$9
43 years$703$426$247$140$77$8
44 years$680$406$232$129$70$7
45 years$657$387$218$119$63$6
46 years$635$369$205$110$58$5
47 years$615$352$192$102$52$4
48 years$595$336$181$94$48$3
49 years$576$321$170$87$43$3
50 years$558$307$160$80$39$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $572,000, adding $4,275 every year, while hoping to spend $33,065 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: 65/21/14 Blend
50$572,000$572,000$572,000$572,000
51$634,754$604,438$595,572$673,640
52$664,318$598,874$580,342$694,606
53$695,789$591,930$563,495$713,271
54$729,327$583,502$544,940$732,847
55$765,107$573,483$524,584$753,419
56$803,321$561,756$502,330$775,087
57$844,177$548,200$478,076$797,959
58$887,907$532,685$451,715$822,156
59$934,762$515,076$423,136$847,813
60$985,020$495,226$392,223$875,079
61$1,038,984$472,984$358,855$904,121
62$1,096,987$448,187$322,903$935,123
63$1,159,395$420,664$284,236$968,291
64$1,226,610$390,233$242,715$1,003,853
65$1,299,074$356,703$198,194$1,042,061
66$1,377,270$319,872$150,524$1,083,197
67$1,461,731$279,526$99,547$1,127,571
68$1,553,042$235,438$45,097$1,175,531
69$1,651,848$187,369$0$1,227,458
70$1,758,853$135,067$0$1,285,722
71$1,874,837$78,266$0$1,356,166
72$2,000,653$16,684$0$1,432,595
73$2,137,242$0$0$1,515,618
74$2,285,637$0$0$1,617,456
75$2,446,976$0$0$1,732,401
76$2,622,511$0$0$1,857,494
77$2,813,617$0$0$1,993,722
78$3,021,809$0$0$2,142,167
79$3,248,755$0$0$2,304,024
80$3,496,289$0$0$2,480,607
81$3,766,431$0$0$2,673,360
82$4,061,403$0$0$2,883,875
83$4,383,652$0$0$3,113,905
84$4,735,872$0$0$3,365,378
85$5,121,029$0$0$3,640,418
86$5,542,388$0$0$3,941,363
87$6,003,544$0$0$4,270,787
88$6,508,458$0$0$4,631,525
89$7,061,488$0$0$5,026,700
90$7,667,435$0$0$5,459,750
91$8,331,588$0$0$5,934,461
92$9,059,770$0$0$6,455,004
93$9,858,395$0$0$7,025,972
94$10,734,528$0$0$7,652,425
95$11,695,949$0$0$8,339,934
96$12,751,229$0$0$9,094,638
97$13,909,811$0$0$9,923,300
98$15,182,093$0$0$10,833,366
99$16,579,533$0$0$11,833,043
100$18,114,751$0$0$12,931,369