Can I retire at age 51 with 591,000?

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 $591,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$48,804$48,370$47,945$47,531$47,127$45,564
2 years$24,161$23,711$23,274$22,852$22,442$20,882
3 years$15,947$15,495$15,060$14,641$14,238$12,730
4 years$11,841$11,391$10,960$10,548$10,155$8,711
5 years$9,378$8,930$8,505$8,102$7,719$6,344
6 years$7,737$7,292$6,874$6,479$6,108$4,801
7 years$6,565$6,124$5,712$5,327$4,967$3,730
8 years$5,686$5,249$4,844$4,469$4,121$2,951
9 years$5,003$4,571$4,172$3,806$3,470$2,367
10 years$4,457$4,029$3,638$3,281$2,957$1,918
11 years$4,011$3,587$3,202$2,856$2,543$1,567
12 years$3,639$3,219$2,842$2,505$2,204$1,288
13 years$3,324$2,909$2,539$2,211$1,922$1,064
14 years$3,055$2,644$2,281$1,963$1,685$883
15 years$2,822$2,416$2,060$1,751$1,483$735
16 years$2,618$2,216$1,868$1,567$1,311$613
17 years$2,439$2,041$1,699$1,408$1,162$513
18 years$2,279$1,886$1,551$1,269$1,034$430
19 years$2,137$1,748$1,420$1,147$921$361
20 years$2,009$1,624$1,303$1,039$823$303
21 years$1,893$1,513$1,199$943$736$255
22 years$1,788$1,412$1,105$857$660$215
23 years$1,692$1,321$1,020$781$592$181
24 years$1,604$1,238$944$712$533$153
25 years$1,524$1,161$874$650$479$129
26 years$1,449$1,092$810$594$432$109
27 years$1,381$1,027$753$544$389$92
28 years$1,317$968$700$499$351$78
29 years$1,258$913$651$457$317$65
30 years$1,203$862$606$420$286$55
31 years$1,152$815$565$385$259$47
32 years$1,103$771$528$354$234$40
33 years$1,058$731$493$326$212$33
34 years$1,016$692$460$300$192$28
35 years$976$657$430$276$174$24
36 years$939$623$402$254$158$20
37 years$903$592$377$234$143$17
38 years$870$563$353$216$129$14
39 years$838$535$331$199$117$12
40 years$808$509$310$183$106$10
41 years$779$485$290$169$97$9
42 years$752$461$272$156$88$7
43 years$727$440$256$144$80$6
44 years$702$419$240$133$72$5
45 years$679$400$225$123$66$4
46 years$657$381$212$114$60$4
47 years$635$364$199$105$54$3
48 years$615$347$187$97$49$3
49 years$596$332$176$90$45$2
50 years$577$317$165$83$40$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $591,000, adding $4,901 every year, while hoping to spend $39,161 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: 73/18/9 Blend
50$591,000$591,000$591,000$591,000
51$656,337$625,014$615,854$702,860
52$681,617$613,973$594,818$723,186
53$708,162$601,078$571,765$740,075
54$736,061$586,198$546,586$757,484
55$765,410$569,192$519,166$775,453
56$796,311$549,912$489,388$794,026
57$828,879$528,201$457,126$813,253
58$863,235$503,894$422,251$833,190
59$899,516$476,815$384,627$853,900
60$937,866$446,778$344,111$875,452
61$978,445$413,588$300,556$897,923
62$1,021,429$377,036$253,807$921,401
63$1,067,007$336,903$203,702$945,983
64$1,115,388$292,957$150,072$971,777
65$1,166,800$244,954$92,742$998,903
66$1,221,491$192,635$31,526$1,027,497
67$1,279,734$135,725$0$1,057,708
68$1,341,829$73,938$0$1,092,949
69$1,408,101$6,966$0$1,133,602
70$1,478,910$0$0$1,176,865
71$1,554,647$0$0$1,235,964
72$1,635,743$0$0$1,300,740
73$1,722,670$0$0$1,370,192
74$1,815,947$0$0$1,444,737
75$1,916,141$0$0$1,524,832
76$2,023,877$0$0$1,610,977
77$2,139,838$0$0$1,703,723
78$2,264,778$0$0$1,803,675
79$2,399,522$0$0$1,911,496
80$2,544,977$0$0$2,027,916
81$2,702,141$0$0$2,153,737
82$2,872,110$0$0$2,289,839
83$3,056,087$0$0$2,437,190
84$3,255,397$0$0$2,596,856
85$3,471,496$0$0$2,770,007
86$3,705,985$0$0$2,957,929
87$3,960,624$0$0$3,162,039
88$4,237,349$0$0$3,383,894
89$4,538,293$0$0$3,625,207
90$4,865,797$0$0$3,887,863
91$5,222,442$0$0$4,173,935
92$5,611,065$0$0$4,485,707
93$6,034,789$0$0$4,825,689
94$6,497,053$0$0$5,196,646
95$7,001,639$0$0$5,601,621
96$7,552,712$0$0$6,043,963
97$8,154,856$0$0$6,527,360
98$8,813,121$0$0$7,055,871
99$9,533,062$0$0$7,633,966
100$10,320,799$0$0$8,266,566