Can I retire at age 51 with 544,000?

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 $544,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$44,923$44,523$44,132$43,751$43,379$42,873
2 years$22,239$21,825$21,424$21,034$20,657$20,147
3 years$14,679$14,263$13,862$13,477$13,106$12,608
4 years$10,899$10,485$10,088$9,709$9,347$8,866
5 years$8,632$8,220$7,829$7,458$7,105$6,642
6 years$7,121$6,712$6,327$5,964$5,622$5,177
7 years$6,043$5,637$5,258$4,903$4,572$4,146
8 years$5,234$4,832$4,459$4,113$3,793$3,385
9 years$4,605$4,207$3,841$3,504$3,194$2,805
10 years$4,103$3,708$3,348$3,020$2,722$2,350
11 years$3,692$3,301$2,948$2,628$2,341$1,987
12 years$3,349$2,963$2,616$2,305$2,029$1,692
13 years$3,060$2,678$2,337$2,035$1,769$1,449
14 years$2,812$2,434$2,100$1,807$1,551$1,247
15 years$2,598$2,224$1,896$1,611$1,365$1,078
16 years$2,410$2,040$1,719$1,443$1,207$935
17 years$2,245$1,879$1,564$1,296$1,070$813
18 years$2,098$1,736$1,428$1,168$951$709
19 years$1,967$1,609$1,307$1,056$848$619
20 years$1,849$1,495$1,200$956$757$542
21 years$1,742$1,393$1,104$868$678$475
22 years$1,646$1,300$1,017$789$608$417
23 years$1,557$1,216$939$718$545$367
24 years$1,477$1,139$868$655$490$323
25 years$1,403$1,069$804$598$441$284
26 years$1,334$1,005$746$547$397$250
27 years$1,271$946$693$501$358$221
28 years$1,212$891$644$459$323$195
29 years$1,158$841$599$421$292$172
30 years$1,107$794$558$386$264$152
31 years$1,060$750$520$355$238$134
32 years$1,016$710$486$326$216$119
33 years$974$672$453$300$195$105
34 years$935$637$424$276$177$93
35 years$899$605$396$254$160$82
36 years$864$574$370$234$145$73
37 years$831$545$347$215$131$64
38 years$801$518$325$199$119$57
39 years$771$492$304$183$108$51
40 years$744$469$285$169$98$45
41 years$718$446$267$156$89$40
42 years$693$425$251$144$81$35
43 years$669$405$235$133$73$31
44 years$646$386$221$123$66$28
45 years$625$368$207$113$60$24
46 years$604$351$195$105$55$22
47 years$585$335$183$97$50$19
48 years$566$320$172$89$45$17
49 years$548$305$162$82$41$15
50 years$531$292$152$76$37$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $544,000, adding $4,890 every year, while hoping to spend $45,214 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: 73/6/21 Blend
50$544,000$544,000$544,000$544,000
51$604,532$575,700$567,268$645,248
52$618,087$555,802$538,164$653,071
53$631,509$533,414$506,570$655,730
54$644,737$508,365$472,354$657,501
55$657,702$480,477$435,380$658,287
56$670,326$449,559$395,504$657,983
57$682,523$415,410$352,576$656,473
58$694,194$377,819$306,441$653,632
59$705,230$336,560$256,935$649,323
60$715,509$291,397$203,888$643,395
61$724,894$242,079$147,121$635,685
62$733,233$188,341$86,450$626,012
63$740,356$129,903$21,680$614,182
64$746,075$66,470$0$599,979
65$750,178$0$0$593,799
66$752,432$0$0$590,780
67$752,576$0$0$590,438
68$750,322$0$0$588,153
69$745,349$0$0$583,666
70$737,302$0$0$576,690
71$725,785$0$0$566,907
72$710,362$0$0$553,966
73$690,548$0$0$537,475
74$665,806$0$0$517,003
75$635,543$0$0$492,071
76$599,100$0$0$462,150
77$555,750$0$0$426,653
78$504,688$0$0$384,932
79$445,023$0$0$336,271
80$375,772$0$0$279,876
81$295,846$0$0$214,873
82$204,042$0$0$140,292
83$99,032$0$0$55,064
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
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