Can I retire at age 51 with 581,000?

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 $581,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$47,978$47,551$47,134$46,727$46,330$44,901
2 years$23,752$23,309$22,881$22,465$22,062$20,634
3 years$15,677$15,233$14,805$14,394$13,997$12,616
4 years$11,641$11,198$10,774$10,370$9,983$8,659
5 years$9,219$8,779$8,361$7,965$7,589$6,326
6 years$7,606$7,169$6,757$6,370$6,005$4,804
7 years$6,454$6,020$5,615$5,237$4,883$3,744
8 years$5,590$5,161$4,762$4,393$4,051$2,973
9 years$4,919$4,493$4,102$3,742$3,412$2,393
10 years$4,382$3,961$3,576$3,226$2,907$1,947
11 years$3,943$3,526$3,148$2,807$2,500$1,597
12 years$3,577$3,165$2,794$2,462$2,167$1,318
13 years$3,268$2,860$2,496$2,174$1,889$1,093
14 years$3,004$2,600$2,243$1,930$1,656$911
15 years$2,774$2,375$2,025$1,721$1,458$761
16 years$2,574$2,179$1,836$1,541$1,289$638
17 years$2,397$2,007$1,671$1,384$1,143$536
18 years$2,241$1,854$1,525$1,248$1,016$451
19 years$2,101$1,718$1,396$1,127$906$381
20 years$1,975$1,597$1,281$1,021$809$321
21 years$1,861$1,487$1,179$927$724$272
22 years$1,758$1,388$1,086$843$649$230
23 years$1,663$1,299$1,003$767$582$195
24 years$1,577$1,217$928$700$524$165
25 years$1,498$1,142$859$639$471$140
26 years$1,425$1,073$797$584$424$118
27 years$1,357$1,010$740$535$383$101
28 years$1,295$952$688$490$345$85
29 years$1,237$898$640$449$312$72
30 years$1,183$848$596$412$282$62
31 years$1,132$801$556$379$255$52
32 years$1,085$758$519$348$230$44
33 years$1,040$718$484$320$208$38
34 years$999$681$452$295$189$32
35 years$960$646$423$271$171$27
36 years$923$613$396$250$155$23
37 years$888$582$370$230$140$20
38 years$855$553$347$212$127$17
39 years$824$526$325$196$115$14
40 years$794$500$305$180$105$12
41 years$766$476$286$166$95$10
42 years$740$454$268$154$86$9
43 years$714$432$251$142$78$7
44 years$690$412$236$131$71$6
45 years$667$393$222$121$64$5
46 years$645$375$208$112$59$5
47 years$625$358$195$103$53$4
48 years$605$341$184$95$48$3
49 years$586$326$173$88$44$3
50 years$567$311$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 $581,000, adding $3,466 every year, while hoping to spend $49,364 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: 50/33/17 Blend
50$581,000$581,000$581,000$581,000
51$643,837$613,044$604,039$672,838
52$656,986$590,560$571,751$670,714
53$669,821$565,321$536,727$663,016
54$682,259$537,137$498,824$653,578
55$694,205$505,813$457,890$642,253
56$705,553$471,137$413,769$628,883
57$716,187$432,890$366,297$613,298
58$725,973$390,836$315,303$595,314
59$734,764$344,730$260,608$574,732
60$742,396$294,308$202,025$551,340
61$748,687$239,295$139,359$524,907
62$753,432$179,399$72,406$495,183
63$756,404$114,313$954$461,901
64$757,353$43,709$0$424,770
65$755,999$0$0$397,134
66$752,030$0$0$377,963
67$745,102$0$0$372,999
68$734,833$0$0$366,158
69$720,799$0$0$357,205
70$702,531$0$0$345,881
71$679,508$0$0$331,897
72$651,154$0$0$314,935
73$616,831$0$0$294,642
74$575,834$0$0$270,628
75$527,383$0$0$242,461
76$470,613$0$0$209,665
77$404,569$0$0$171,711
78$328,197$0$0$128,017
79$240,329$0$0$77,938
80$139,676$0$0$20,762
81$24,814$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$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