Can I retire at age 51 with 579,000?

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 $579,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$47,813$47,387$46,972$46,566$46,170$44,585
2 years$23,670$23,229$22,802$22,388$21,986$20,405
3 years$15,623$15,180$14,754$14,344$13,949$12,422
4 years$11,601$11,159$10,737$10,334$9,948$8,487
5 years$9,188$8,749$8,333$7,938$7,563$6,171
6 years$7,580$7,144$6,734$6,348$5,984$4,663
7 years$6,431$6,000$5,596$5,219$4,867$3,616
8 years$5,571$5,143$4,746$4,378$4,037$2,856
9 years$4,902$4,478$4,088$3,729$3,400$2,286
10 years$4,367$3,947$3,564$3,214$2,897$1,849
11 years$3,929$3,514$3,137$2,798$2,491$1,508
12 years$3,565$3,154$2,784$2,454$2,159$1,237
13 years$3,257$2,850$2,488$2,166$1,883$1,020
14 years$2,993$2,591$2,235$1,923$1,650$845
15 years$2,765$2,367$2,018$1,715$1,453$702
16 years$2,565$2,171$1,830$1,536$1,284$584
17 years$2,389$2,000$1,665$1,380$1,139$488
18 years$2,233$1,848$1,520$1,243$1,013$408
19 years$2,093$1,713$1,391$1,124$902$341
20 years$1,968$1,591$1,277$1,018$806$286
21 years$1,854$1,482$1,175$924$721$240
22 years$1,751$1,384$1,082$840$647$202
23 years$1,658$1,294$999$765$580$170
24 years$1,572$1,212$924$697$522$143
25 years$1,493$1,138$856$637$469$120
26 years$1,420$1,069$794$582$423$101
27 years$1,353$1,006$737$533$381$85
28 years$1,290$948$685$488$344$72
29 years$1,233$895$638$448$311$60
30 years$1,179$845$594$411$281$51
31 years$1,128$799$554$378$254$43
32 years$1,081$756$517$347$230$36
33 years$1,037$716$483$319$208$31
34 years$995$678$451$294$188$26
35 years$956$643$422$270$170$22
36 years$920$611$394$249$154$18
37 years$885$580$369$229$140$15
38 years$852$551$346$211$127$13
39 years$821$524$324$195$115$11
40 years$792$499$304$180$104$9
41 years$764$475$285$166$95$8
42 years$737$452$267$153$86$7
43 years$712$431$251$141$78$6
44 years$688$411$235$130$71$5
45 years$665$392$221$120$64$4
46 years$643$374$207$111$58$3
47 years$622$356$195$103$53$3
48 years$603$340$183$95$48$2
49 years$584$325$172$88$44$2
50 years$565$310$162$81$40$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $579,000, adding $5,483 every year, while hoping to spend $41,109 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: 65/23/12 Blend
50$579,000$579,000$579,000$579,000
51$643,714$613,027$604,052$683,450
52$665,633$599,325$580,548$696,960
53$688,410$583,575$554,879$706,404
54$712,089$565,631$526,929$715,686
55$736,718$545,343$496,577$724,788
56$762,346$522,548$463,695$733,691
57$789,029$497,076$428,152$742,378
58$816,824$468,747$389,810$750,829
59$845,795$437,371$348,524$759,025
60$876,009$402,745$304,142$766,949
61$907,540$364,657$256,508$774,581
62$940,465$322,881$205,457$781,903
63$974,869$277,179$150,817$788,898
64$1,010,845$227,300$92,408$795,547
65$1,048,491$172,978$30,044$801,835
66$1,087,915$113,932$0$807,748
67$1,129,234$49,866$0$817,946
68$1,172,573$0$0$832,153
69$1,218,069$0$0$851,479
70$1,265,872$0$0$885,058
71$1,316,143$0$0$920,384
72$1,369,058$0$0$957,583
73$1,424,809$0$0$996,790
74$1,483,603$0$0$1,038,154
75$1,545,668$0$0$1,081,838
76$1,611,252$0$0$1,128,018
77$1,680,625$0$0$1,176,888
78$1,754,083$0$0$1,228,657
79$1,831,948$0$0$1,283,556
80$1,914,571$0$0$1,341,836
81$2,002,339$0$0$1,403,773
82$2,095,672$0$0$1,469,666
83$2,195,032$0$0$1,539,847
84$2,300,923$0$0$1,614,674
85$2,413,898$0$0$1,694,543
86$2,534,562$0$0$1,779,887
87$2,663,578$0$0$1,871,180
88$2,801,675$0$0$1,968,941
89$2,949,650$0$0$2,073,742
90$3,108,378$0$0$2,186,207
91$3,278,818$0$0$2,307,023
92$3,462,025$0$0$2,436,944
93$3,659,156$0$0$2,576,797
94$3,871,480$0$0$2,727,491
95$4,100,392$0$0$2,890,023
96$4,347,425$0$0$3,065,489
97$4,614,262$0$0$3,255,095
98$4,902,754$0$0$3,460,163
99$5,214,934$0$0$3,682,149
100$5,553,037$0$0$3,922,654