Can I retire at age 51 with 598,000?

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 $598,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$49,382$48,942$48,513$48,094$47,685$47,445
2 years$24,447$23,991$23,550$23,122$22,707$22,464
3 years$16,136$15,679$15,238$14,815$14,406$14,169
4 years$11,981$11,525$11,090$10,673$10,275$10,044
5 years$9,489$9,036$8,606$8,198$7,811$7,588
6 years$7,828$7,379$6,955$6,556$6,180$5,966
7 years$6,643$6,197$5,780$5,390$5,026$4,820
8 years$5,754$5,312$4,902$4,522$4,170$3,972
9 years$5,062$4,625$4,222$3,851$3,512$3,321
10 years$4,510$4,076$3,681$3,320$2,992$2,810
11 years$4,058$3,629$3,240$2,889$2,573$2,399
12 years$3,682$3,257$2,876$2,534$2,230$2,064
13 years$3,364$2,944$2,569$2,237$1,945$1,786
14 years$3,091$2,676$2,308$1,986$1,705$1,554
15 years$2,856$2,444$2,084$1,771$1,501$1,357
16 years$2,649$2,243$1,890$1,586$1,326$1,190
17 years$2,468$2,065$1,720$1,425$1,176$1,046
18 years$2,306$1,908$1,570$1,284$1,046$923
19 years$2,162$1,769$1,437$1,160$932$815
20 years$2,032$1,644$1,319$1,051$833$722
21 years$1,915$1,531$1,213$954$745$641
22 years$1,809$1,429$1,118$867$668$569
23 years$1,712$1,337$1,032$790$599$506
24 years$1,623$1,252$955$720$539$451
25 years$1,542$1,175$884$658$485$402
26 years$1,467$1,105$820$602$437$359
27 years$1,397$1,039$762$551$394$321
28 years$1,333$979$708$504$355$287
29 years$1,273$924$659$463$321$256
30 years$1,217$873$614$425$290$229
31 years$1,165$825$572$390$262$205
32 years$1,117$781$534$358$237$184
33 years$1,071$739$498$330$215$165
34 years$1,028$701$466$303$194$148
35 years$988$665$435$279$176$133
36 years$950$631$407$257$159$119
37 years$914$599$381$237$144$107
38 years$880$569$357$218$131$96
39 years$848$541$334$201$119$86
40 years$818$515$313$186$108$77
41 years$789$490$294$171$98$69
42 years$761$467$276$158$89$62
43 years$735$445$259$146$80$56
44 years$711$424$243$135$73$50
45 years$687$404$228$124$66$45
46 years$664$386$214$115$60$41
47 years$643$368$201$106$55$36
48 years$622$351$189$98$50$33
49 years$603$336$178$91$45$29
50 years$584$321$167$84$41$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $598,000, adding $3,544 every year, while hoping to spend $31,246 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: 48/27/25 Blend
50$598,000$598,000$598,000$598,000
51$662,652$630,958$621,689$689,593
52$696,997$628,629$609,270$706,496
53$733,798$625,139$595,388$721,461
54$773,272$620,398$579,960$737,089
55$815,658$614,310$562,901$753,456
56$861,219$606,775$544,122$770,651
57$910,241$597,685$523,528$788,770
58$963,041$586,926$501,021$807,922
59$1,019,965$574,379$476,499$828,232
60$1,081,393$559,916$449,854$849,837
61$1,147,746$543,403$420,975$872,890
62$1,219,482$524,695$389,743$897,565
63$1,297,107$503,643$356,037$924,055
64$1,381,177$480,086$319,730$952,576
65$1,472,302$453,856$280,686$983,368
66$1,571,155$424,773$238,767$1,016,700
67$1,678,474$392,649$193,827$1,052,871
68$1,795,073$357,282$145,714$1,092,217
69$1,921,844$318,463$94,270$1,135,109
70$2,059,772$275,967$39,327$1,181,960
71$2,209,938$229,559$0$1,233,233
72$2,373,533$178,989$0$1,294,589
73$2,551,868$123,994$0$1,372,979
74$2,746,384$64,296$0$1,458,585
75$2,958,669$0$0$1,552,162
76$3,190,470$0$0$1,654,666
77$3,443,710$0$0$1,787,582
78$3,720,507$0$0$1,932,925
79$4,023,192$0$0$2,091,928
80$4,354,331$0$0$2,265,948
81$4,716,750$0$0$2,456,478
82$5,113,562$0$0$2,665,163
83$5,548,193$0$0$2,893,815
84$6,024,418$0$0$3,144,428
85$6,546,393$0$0$3,419,201
86$7,118,694$0$0$3,720,553
87$7,746,365$0$0$4,051,150
88$8,434,957$0$0$4,413,927
89$9,190,587$0$0$4,812,118
90$10,019,992$0$0$5,249,286
91$10,930,593$0$0$5,729,355
92$11,930,565$0$0$6,256,646
93$13,028,914$0$0$6,835,923
94$14,235,559$0$0$7,472,431
95$15,561,429$0$0$8,171,949
96$17,018,564$0$0$8,940,843
97$18,620,228$0$0$9,786,129
98$20,381,034$0$0$10,715,532
99$22,317,080$0$0$11,737,569
100$24,446,104$0$0$12,861,619