Can I retire at age 51 with 592,000?

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 $592,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$48,887$48,451$48,026$47,612$47,207$46,870
2 years$24,201$23,751$23,314$22,890$22,479$22,140
3 years$15,974$15,521$15,086$14,666$14,262$13,930
4 years$11,861$11,410$10,978$10,566$10,172$9,850
5 years$9,394$8,945$8,520$8,116$7,732$7,422
6 years$7,750$7,305$6,885$6,490$6,118$5,820
7 years$6,576$6,134$5,722$5,336$4,976$4,689
8 years$5,696$5,258$4,852$4,476$4,128$3,853
9 years$5,012$4,578$4,179$3,813$3,476$3,213
10 years$4,465$4,036$3,644$3,287$2,962$2,710
11 years$4,017$3,593$3,208$2,860$2,547$2,307
12 years$3,645$3,225$2,847$2,509$2,208$1,978
13 years$3,330$2,914$2,543$2,215$1,925$1,706
14 years$3,060$2,649$2,285$1,966$1,687$1,479
15 years$2,827$2,420$2,063$1,754$1,486$1,288
16 years$2,623$2,220$1,871$1,570$1,313$1,125
17 years$2,443$2,045$1,702$1,411$1,164$986
18 years$2,283$1,889$1,554$1,271$1,035$867
19 years$2,140$1,751$1,423$1,149$923$763
20 years$2,012$1,627$1,306$1,040$824$673
21 years$1,896$1,516$1,201$944$738$595
22 years$1,791$1,415$1,107$859$661$527
23 years$1,695$1,323$1,022$782$593$467
24 years$1,607$1,240$945$713$533$414
25 years$1,526$1,163$875$651$480$368
26 years$1,452$1,093$812$595$432$327
27 years$1,383$1,029$754$545$390$291
28 years$1,319$970$701$499$352$259
29 years$1,260$915$652$458$318$231
30 years$1,205$864$607$420$287$206
31 years$1,154$817$566$386$259$184
32 years$1,105$773$528$355$235$164
33 years$1,060$732$493$326$212$146
34 years$1,018$694$461$300$192$130
35 years$978$658$431$276$174$117
36 years$940$624$403$254$158$104
37 years$905$593$377$234$143$93
38 years$871$564$353$216$130$83
39 years$839$536$331$199$118$74
40 years$809$510$310$184$107$66
41 years$781$485$291$170$97$59
42 years$754$462$273$156$88$53
43 years$728$440$256$144$80$47
44 years$703$420$240$133$72$42
45 years$680$400$226$123$66$38
46 years$658$382$212$114$60$34
47 years$636$364$199$105$54$30
48 years$616$348$187$97$49$27
49 years$597$332$176$90$45$24
50 years$578$317$165$83$41$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $592,000, adding $4,135 every year, while hoping to spend $45,848 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: 26/46/28 Blend
50$592,000$592,000$592,000$592,000
51$656,649$625,273$616,097$667,899
52$674,846$607,130$587,955$659,314
53$693,361$586,561$557,333$645,922
54$712,181$563,398$524,100$630,613
55$731,284$537,466$488,118$613,257
56$750,650$508,577$449,245$593,715
57$770,252$476,533$407,330$571,841
58$790,059$441,124$362,217$547,480
59$810,035$402,129$313,741$520,467
60$830,139$359,314$261,733$490,629
61$850,325$312,432$206,012$457,781
62$870,539$261,222$146,394$421,728
63$890,718$205,406$82,683$382,262
64$910,795$144,695$14,676$339,165
65$930,690$78,779$0$292,204
66$950,315$7,333$0$258,432
67$969,569$0$0$226,091
68$988,340$0$0$226,012
69$1,006,502$0$0$229,415
70$1,023,913$0$0$232,546
71$1,040,415$0$0$235,358
72$1,055,830$0$0$237,798
73$1,069,959$0$0$239,808
74$1,082,583$0$0$241,322
75$1,093,454$0$0$242,268
76$1,102,299$0$0$242,565
77$1,108,810$0$0$242,122
78$1,112,649$0$0$240,842
79$1,113,439$0$0$238,612
80$1,110,758$0$0$235,312
81$1,104,142$0$0$230,803
82$1,093,074$0$0$224,937
83$1,076,981$0$0$217,546
84$1,055,228$0$0$208,446
85$1,027,110$0$0$197,432
86$991,848$0$0$184,278
87$948,578$0$0$168,733
88$896,345$0$0$150,521
89$834,092$0$0$129,336
90$760,647$0$0$104,838
91$674,717$0$0$76,655
92$574,872$0$0$44,372
93$459,530$0$0$7,534
94$326,942$0$0$0
95$175,178$0$0$0
96$2,103$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0