Can I retire at age 51 with 533,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%13.4%
1 years$44,015$43,623$43,240$42,867$42,502$41,902
2 years$21,789$21,384$20,990$20,609$20,239$19,635
3 years$14,382$13,974$13,582$13,204$12,841$12,252
4 years$10,679$10,273$9,884$9,513$9,158$8,590
5 years$8,458$8,054$7,671$7,307$6,962$6,415
6 years$6,977$6,577$6,199$5,843$5,509$4,984
7 years$5,920$5,523$5,151$4,804$4,480$3,978
8 years$5,128$4,734$4,369$4,030$3,717$3,237
9 years$4,512$4,122$3,763$3,433$3,130$2,672
10 years$4,020$3,633$3,281$2,959$2,667$2,231
11 years$3,617$3,235$2,888$2,575$2,294$1,879
12 years$3,282$2,903$2,563$2,259$1,988$1,594
13 years$2,998$2,624$2,290$1,994$1,733$1,360
14 years$2,755$2,385$2,058$1,770$1,519$1,166
15 years$2,545$2,179$1,858$1,579$1,338$1,004
16 years$2,361$1,999$1,684$1,414$1,182$867
17 years$2,199$1,841$1,533$1,270$1,048$751
18 years$2,056$1,701$1,399$1,145$932$652
19 years$1,927$1,576$1,281$1,034$831$567
20 years$1,811$1,465$1,175$937$742$494
21 years$1,707$1,365$1,081$850$664$431
22 years$1,612$1,274$996$773$595$377
23 years$1,526$1,191$920$704$534$330
24 years$1,447$1,116$851$642$480$289
25 years$1,374$1,047$788$586$432$253
26 years$1,307$984$731$536$389$222
27 years$1,245$926$679$491$351$195
28 years$1,188$873$631$450$317$171
29 years$1,135$824$587$412$286$150
30 years$1,085$778$547$378$258$132
31 years$1,039$735$510$348$234$116
32 years$995$696$476$319$211$102
33 years$955$659$444$294$191$90
34 years$916$624$415$270$173$79
35 years$880$592$388$249$157$70
36 years$847$562$363$229$142$61
37 years$815$534$340$211$129$54
38 years$784$507$318$195$117$48
39 years$756$483$298$179$106$42
40 years$729$459$279$165$96$37
41 years$703$437$262$153$87$33
42 years$679$416$246$141$79$29
43 years$655$397$231$130$72$25
44 years$633$378$216$120$65$22
45 years$612$360$203$111$59$20
46 years$592$344$191$102$54$17
47 years$573$328$179$95$49$15
48 years$555$313$169$87$44$13
49 years$537$299$158$81$40$12
50 years$520$286$149$75$37$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $533,000, adding $5,986 every year, while hoping to spend $39,362 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: 57/32/11 Blend
50$533,000$533,000$533,000$533,000
51$593,541$565,292$557,030$625,431
52$612,201$551,110$533,810$633,477
53$631,445$534,914$508,492$637,352
54$651,292$516,564$480,966$640,635
55$671,759$495,911$451,114$643,273
56$692,866$472,798$418,813$645,213
57$714,632$447,060$383,938$646,396
58$737,078$418,519$346,353$646,762
59$760,225$386,991$305,920$646,244
60$784,093$352,279$262,494$644,775
61$808,705$314,175$215,922$642,280
62$834,083$272,460$166,046$638,684
63$860,251$226,902$112,700$633,903
64$887,233$177,256$55,712$627,851
65$915,053$123,264$0$620,436
66$943,736$64,651$0$612,161
67$973,308$1,130$0$609,340
68$1,003,795$0$0$605,342
69$1,035,226$0$0$623,881
70$1,067,627$0$0$643,402
71$1,101,028$0$0$663,525
72$1,135,457$0$0$684,268
73$1,170,946$0$0$705,647
74$1,207,523$0$0$727,682
75$1,245,222$0$0$750,391
76$1,284,073$0$0$773,794
77$1,324,111$0$0$797,911
78$1,365,367$0$0$822,760
79$1,407,877$0$0$848,364
80$1,451,675$0$0$874,742
81$1,496,797$0$0$901,915
82$1,543,278$0$0$929,906
83$1,591,155$0$0$958,735
84$1,640,465$0$0$988,426
85$1,691,245$0$0$1,019,000
86$1,743,535$0$0$1,050,479
87$1,797,370$0$0$1,082,888
88$1,852,791$0$0$1,116,247
89$1,909,835$0$0$1,150,581
90$1,968,542$0$0$1,185,911
91$2,028,950$0$0$1,222,262
92$2,091,098$0$0$1,259,655
93$2,155,023$0$0$1,298,112
94$2,220,763$0$0$1,337,657
95$2,288,356$0$0$1,378,310
96$2,357,837$0$0$1,420,092
97$2,429,241$0$0$1,463,024
98$2,502,602$0$0$1,507,124
99$2,577,952$0$0$1,552,411
100$2,655,319$0$0$1,598,901