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%12.2%
1 years$44,015$43,623$43,240$42,867$42,502$42,111
2 years$21,789$21,384$20,990$20,609$20,239$19,845
3 years$14,382$13,974$13,582$13,204$12,841$12,456
4 years$10,679$10,273$9,884$9,513$9,158$8,785
5 years$8,458$8,054$7,671$7,307$6,962$6,602
6 years$6,977$6,577$6,199$5,843$5,509$5,163
7 years$5,920$5,523$5,151$4,804$4,480$4,148
8 years$5,128$4,734$4,369$4,030$3,717$3,399
9 years$4,512$4,122$3,763$3,433$3,130$2,826
10 years$4,020$3,633$3,281$2,959$2,667$2,377
11 years$3,617$3,235$2,888$2,575$2,294$2,017
12 years$3,282$2,903$2,563$2,259$1,988$1,724
13 years$2,998$2,624$2,290$1,994$1,733$1,482
14 years$2,755$2,385$2,058$1,770$1,519$1,281
15 years$2,545$2,179$1,858$1,579$1,338$1,112
16 years$2,361$1,999$1,684$1,414$1,182$968
17 years$2,199$1,841$1,533$1,270$1,048$845
18 years$2,056$1,701$1,399$1,145$932$740
19 years$1,927$1,576$1,281$1,034$831$650
20 years$1,811$1,465$1,175$937$742$571
21 years$1,707$1,365$1,081$850$664$503
22 years$1,612$1,274$996$773$595$443
23 years$1,526$1,191$920$704$534$392
24 years$1,447$1,116$851$642$480$346
25 years$1,374$1,047$788$586$432$306
26 years$1,307$984$731$536$389$271
27 years$1,245$926$679$491$351$240
28 years$1,188$873$631$450$317$213
29 years$1,135$824$587$412$286$189
30 years$1,085$778$547$378$258$168
31 years$1,039$735$510$348$234$149
32 years$995$696$476$319$211$132
33 years$955$659$444$294$191$118
34 years$916$624$415$270$173$105
35 years$880$592$388$249$157$93
36 years$847$562$363$229$142$83
37 years$815$534$340$211$129$74
38 years$784$507$318$195$117$66
39 years$756$483$298$179$106$58
40 years$729$459$279$165$96$52
41 years$703$437$262$153$87$46
42 years$679$416$246$141$79$41
43 years$655$397$231$130$72$37
44 years$633$378$216$120$65$33
45 years$612$360$203$111$59$29
46 years$592$344$191$102$54$26
47 years$573$328$179$95$49$23
48 years$555$313$169$87$44$21
49 years$537$299$158$81$40$18
50 years$520$286$149$75$37$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $533,000, adding $5,354 every year, while hoping to spend $41,774 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: 65/16/19 Blend
50$533,000$533,000$533,000$533,000
51$592,889$564,640$556,378$628,264
52$608,916$547,860$530,570$635,883
53$625,178$528,858$502,496$638,942
54$641,655$507,480$472,039$641,292
55$658,323$483,566$439,071$642,863
56$675,154$456,942$403,462$643,582
57$692,117$427,430$365,075$643,369
58$709,175$394,836$323,767$642,138
59$726,286$358,959$279,389$639,795
60$743,404$319,584$231,785$636,240
61$760,473$276,486$180,792$631,364
62$777,432$229,425$126,239$625,050
63$794,212$178,148$67,950$617,171
64$810,734$122,390$5,739$607,589
65$826,910$61,868$0$596,158
66$842,641$0$0$595,011
67$857,815$0$0$594,374
68$872,307$0$0$604,122
69$885,978$0$0$613,262
70$898,671$0$0$621,681
71$910,212$0$0$629,254
72$920,406$0$0$635,840
73$929,037$0$0$641,283
74$935,862$0$0$645,411
75$940,614$0$0$648,029
76$942,993$0$0$648,922
77$942,668$0$0$647,853
78$939,269$0$0$644,556
79$932,388$0$0$638,738
80$921,571$0$0$630,071
81$906,313$0$0$618,196
82$886,058$0$0$602,710
83$860,186$0$0$583,171
84$828,014$0$0$559,088
85$788,783$0$0$529,915
86$741,654$0$0$495,051
87$685,699$0$0$453,830
88$619,892$0$0$405,516
89$543,095$0$0$349,294
90$454,055$0$0$284,263
91$351,383$0$0$209,428
92$233,545$0$0$123,690
93$98,847$0$0$25,832
94$0$0$0$0
95$0$0$0$0
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