Can I retire at age 51 with 595,000?

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 $595,000?

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$49,135$48,697$48,270$47,853$47,446$45,872
2 years$24,324$23,871$23,432$23,006$22,593$21,023
3 years$16,055$15,600$15,162$14,740$14,334$12,817
4 years$11,921$11,468$11,034$10,620$10,223$8,770
5 years$9,442$8,991$8,563$8,157$7,772$6,387
6 years$7,789$7,342$6,920$6,523$6,149$4,834
7 years$6,609$6,165$5,751$5,363$5,001$3,755
8 years$5,725$5,285$4,877$4,499$4,149$2,971
9 years$5,037$4,602$4,201$3,832$3,494$2,383
10 years$4,487$4,056$3,662$3,303$2,977$1,931
11 years$4,038$3,611$3,224$2,875$2,560$1,578
12 years$3,663$3,241$2,861$2,522$2,219$1,297
13 years$3,347$2,929$2,556$2,226$1,935$1,072
14 years$3,076$2,662$2,297$1,976$1,696$889
15 years$2,841$2,432$2,074$1,762$1,493$740
16 years$2,636$2,231$1,880$1,578$1,320$618
17 years$2,455$2,055$1,711$1,418$1,170$517
18 years$2,295$1,899$1,562$1,278$1,041$433
19 years$2,151$1,760$1,430$1,155$927$363
20 years$2,022$1,635$1,312$1,046$828$305
21 years$1,906$1,523$1,207$949$741$257
22 years$1,800$1,422$1,112$863$664$216
23 years$1,703$1,330$1,027$786$596$182
24 years$1,615$1,246$950$717$536$154
25 years$1,534$1,169$880$655$482$130
26 years$1,459$1,099$816$599$435$109
27 years$1,390$1,034$758$548$392$92
28 years$1,326$975$704$502$354$78
29 years$1,267$919$655$460$319$66
30 years$1,211$868$611$422$288$56
31 years$1,159$821$569$388$261$47
32 years$1,111$777$531$357$236$40
33 years$1,066$735$496$328$213$34
34 years$1,023$697$463$302$193$28
35 years$983$661$433$278$175$24
36 years$945$628$405$256$159$20
37 years$909$596$379$236$144$17
38 years$876$566$355$217$130$15
39 years$844$539$333$200$118$12
40 years$813$512$312$185$107$10
41 years$785$488$292$170$97$9
42 years$758$465$274$157$88$7
43 years$732$443$257$145$80$6
44 years$707$422$242$134$73$5
45 years$683$402$227$124$66$5
46 years$661$384$213$114$60$4
47 years$640$366$200$106$54$3
48 years$619$350$188$98$49$3
49 years$600$334$177$90$45$2
50 years$581$319$166$83$41$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $595,000, adding $3,901 every year, while hoping to spend $46,131 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: 80/5/15 Blend
50$595,000$595,000$595,000$595,000
51$659,714$628,179$618,956$710,147
52$677,922$609,877$590,608$725,575
53$696,441$589,131$559,765$736,169
54$715,254$565,775$526,293$746,483
55$734,340$539,629$490,055$756,467
56$753,677$510,505$450,906$766,069
57$773,236$478,203$408,695$775,230
58$792,984$442,514$363,264$783,886
59$812,885$403,213$314,450$791,967
60$832,894$360,065$262,079$799,397
61$852,963$312,822$205,972$806,090
62$873,035$261,220$145,941$811,955
63$893,045$204,981$81,792$816,889
64$912,923$143,811$13,318$820,783
65$932,584$77,401$0$823,515
66$951,937$5,423$0$834,515
67$970,877$0$0$846,970
68$989,287$0$0$862,610
69$1,007,036$0$0$877,957
70$1,023,975$0$0$892,580
71$1,039,940$0$0$906,335
72$1,054,747$0$0$919,059
73$1,068,188$0$0$930,568
74$1,080,036$0$0$940,662
75$1,090,033$0$0$949,113
76$1,097,894$0$0$955,670
77$1,103,302$0$0$960,053
78$1,105,905$0$0$961,950
79$1,105,311$0$0$961,016
80$1,101,084$0$0$956,867
81$1,092,741$0$0$949,075
82$1,079,747$0$0$937,170
83$1,061,507$0$0$920,625
84$1,037,363$0$0$898,861
85$1,006,585$0$0$871,233
86$968,365$0$0$837,029
87$921,809$0$0$795,459
88$865,925$0$0$745,651
89$799,620$0$0$686,637
90$721,681$0$0$617,349
91$630,767$0$0$536,605
92$525,398$0$0$443,098
93$403,936$0$0$335,384
94$264,570$0$0$211,866
95$105,301$0$0$70,781
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