Can I retire at age 51 with 533,000?

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 $533,000?

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$44,015$43,623$43,240$42,867$42,502$41,191
2 years$21,789$21,384$20,990$20,609$20,239$18,930
3 years$14,382$13,974$13,582$13,204$12,841$11,574
4 years$10,679$10,273$9,884$9,513$9,158$7,944
5 years$8,458$8,054$7,671$7,307$6,962$5,803
6 years$6,977$6,577$6,199$5,843$5,509$4,407
7 years$5,920$5,523$5,151$4,804$4,480$3,435
8 years$5,128$4,734$4,369$4,030$3,717$2,727
9 years$4,512$4,122$3,763$3,433$3,130$2,196
10 years$4,020$3,633$3,281$2,959$2,667$1,786
11 years$3,617$3,235$2,888$2,575$2,294$1,465
12 years$3,282$2,903$2,563$2,259$1,988$1,209
13 years$2,998$2,624$2,290$1,994$1,733$1,003
14 years$2,755$2,385$2,058$1,770$1,519$836
15 years$2,545$2,179$1,858$1,579$1,338$698
16 years$2,361$1,999$1,684$1,414$1,182$586
17 years$2,199$1,841$1,533$1,270$1,048$492
18 years$2,056$1,701$1,399$1,145$932$414
19 years$1,927$1,576$1,281$1,034$831$349
20 years$1,811$1,465$1,175$937$742$295
21 years$1,707$1,365$1,081$850$664$249
22 years$1,612$1,274$996$773$595$211
23 years$1,526$1,191$920$704$534$178
24 years$1,447$1,116$851$642$480$151
25 years$1,374$1,047$788$586$432$128
26 years$1,307$984$731$536$389$109
27 years$1,245$926$679$491$351$92
28 years$1,188$873$631$450$317$78
29 years$1,135$824$587$412$286$66
30 years$1,085$778$547$378$258$56
31 years$1,039$735$510$348$234$48
32 years$995$696$476$319$211$41
33 years$955$659$444$294$191$35
34 years$916$624$415$270$173$29
35 years$880$592$388$249$157$25
36 years$847$562$363$229$142$21
37 years$815$534$340$211$129$18
38 years$784$507$318$195$117$15
39 years$756$483$298$179$106$13
40 years$729$459$279$165$96$11
41 years$703$437$262$153$87$9
42 years$679$416$246$141$79$8
43 years$655$397$231$130$72$7
44 years$633$378$216$120$65$6
45 years$612$360$203$111$59$5
46 years$592$344$191$102$54$4
47 years$573$328$179$95$49$4
48 years$555$313$169$87$44$3
49 years$537$299$158$81$40$3
50 years$520$286$149$75$37$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $533,000, adding $4,359 every year, while hoping to spend $26,189 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: 45/25/30 Blend
50$533,000$533,000$533,000$533,000
51$591,862$563,613$555,352$613,192
52$624,367$563,365$546,091$628,582
53$659,310$562,228$535,643$642,432
54$696,912$560,129$523,939$656,962
55$737,415$556,993$510,909$672,248
56$781,086$552,741$496,479$688,381
57$828,218$547,286$480,572$705,459
58$879,132$540,539$463,107$723,593
59$934,182$532,404$444,000$742,907
60$993,757$522,780$423,162$763,540
61$1,058,284$511,560$400,501$785,647
62$1,128,232$498,629$375,921$809,401
63$1,204,117$483,868$349,321$834,996
64$1,286,509$467,149$320,594$862,647
65$1,376,030$448,337$289,632$892,595
66$1,473,370$427,290$256,319$925,106
67$1,579,283$403,857$220,535$960,481
68$1,694,602$377,878$182,155$999,050
69$1,820,241$349,183$141,047$1,041,182
70$1,957,208$317,596$97,075$1,087,288
71$2,106,612$282,927$50,096$1,137,825
72$2,269,674$244,977$0$1,193,298
73$2,447,735$203,536$0$1,254,283
74$2,642,275$158,380$0$1,338,506
75$2,854,921$109,275$0$1,430,660
76$3,087,466$55,973$0$1,531,567
77$3,341,883$0$0$1,642,138
78$3,620,345$0$0$1,763,868
79$3,925,243$0$0$1,914,076
80$4,259,214$0$0$2,078,670
81$4,625,158$0$0$2,259,087
82$5,026,270$0$0$2,456,911
83$5,466,071$0$0$2,673,886
84$5,948,435$0$0$2,911,933
85$6,477,632$0$0$3,173,169
86$7,058,365$0$0$3,459,923
87$7,695,814$0$0$3,774,763
88$8,395,683$0$0$4,120,518
89$9,164,258$0$0$4,500,303
90$10,008,462$0$0$4,917,550
91$10,935,923$0$0$5,376,040
92$11,955,042$0$0$5,879,938
93$13,075,077$0$0$6,433,834
94$14,306,226$0$0$7,042,782
95$15,659,722$0$0$7,712,353
96$17,147,944$0$0$8,448,683
97$18,784,529$0$0$9,258,534
98$20,584,502$0$0$10,149,354
99$22,564,416$0$0$11,129,351
100$24,742,511$0$0$12,207,567