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%11.1%
1 years$44,923$44,523$44,132$43,751$43,379$43,178
2 years$22,239$21,825$21,424$21,034$20,657$20,454
3 years$14,679$14,263$13,862$13,477$13,106$12,907
4 years$10,899$10,485$10,088$9,709$9,347$9,154
5 years$8,632$8,220$7,829$7,458$7,105$6,919
6 years$7,121$6,712$6,327$5,964$5,622$5,443
7 years$6,043$5,637$5,258$4,903$4,572$4,400
8 years$5,234$4,832$4,459$4,113$3,793$3,628
9 years$4,605$4,207$3,841$3,504$3,194$3,036
10 years$4,103$3,708$3,348$3,020$2,722$2,570
11 years$3,692$3,301$2,948$2,628$2,341$2,195
12 years$3,349$2,963$2,616$2,305$2,029$1,890
13 years$3,060$2,678$2,337$2,035$1,769$1,636
14 years$2,812$2,434$2,100$1,807$1,551$1,424
15 years$2,598$2,224$1,896$1,611$1,365$1,245
16 years$2,410$2,040$1,719$1,443$1,207$1,092
17 years$2,245$1,879$1,564$1,296$1,070$961
18 years$2,098$1,736$1,428$1,168$951$848
19 years$1,967$1,609$1,307$1,056$848$750
20 years$1,849$1,495$1,200$956$757$665
21 years$1,742$1,393$1,104$868$678$590
22 years$1,646$1,300$1,017$789$608$525
23 years$1,557$1,216$939$718$545$467
24 years$1,477$1,139$868$655$490$417
25 years$1,403$1,069$804$598$441$372
26 years$1,334$1,005$746$547$397$332
27 years$1,271$946$693$501$358$297
28 years$1,212$891$644$459$323$265
29 years$1,158$841$599$421$292$238
30 years$1,107$794$558$386$264$213
31 years$1,060$750$520$355$238$191
32 years$1,016$710$486$326$216$171
33 years$974$672$453$300$195$153
34 years$935$637$424$276$177$138
35 years$899$605$396$254$160$123
36 years$864$574$370$234$145$111
37 years$831$545$347$215$131$100
38 years$801$518$325$199$119$89
39 years$771$492$304$183$108$80
40 years$744$469$285$169$98$72
41 years$718$446$267$156$89$65
42 years$693$425$251$144$81$58
43 years$669$405$235$133$73$52
44 years$646$386$221$123$66$47
45 years$625$368$207$113$60$42
46 years$604$351$195$105$55$38
47 years$585$335$183$97$50$34
48 years$566$320$172$89$45$31
49 years$548$305$162$82$41$28
50 years$531$292$152$76$37$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $544,000, adding $6,741 every year, while hoping to spend $27,672 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: 55/28/17 Blend
50$544,000$544,000$544,000$544,000
51$606,441$577,609$569,177$636,696
52$638,856$576,469$558,802$656,933
53$673,649$574,346$547,152$675,421
54$711,034$571,162$534,154$694,933
55$751,246$566,835$519,735$715,576
56$794,541$561,279$503,814$737,465
57$841,203$554,400$486,311$760,730
58$891,541$546,101$467,137$785,516
59$945,896$536,278$446,205$811,982
60$1,004,644$524,822$423,419$840,307
61$1,068,195$511,616$398,681$870,690
62$1,137,002$496,536$371,888$903,350
63$1,211,563$479,453$342,933$938,532
64$1,292,424$460,228$311,703$976,507
65$1,380,188$438,716$278,081$1,017,577
66$1,475,516$414,761$241,946$1,062,075
67$1,579,135$388,202$203,168$1,110,372
68$1,691,847$358,863$161,614$1,162,880
69$1,814,532$326,564$117,144$1,220,055
70$1,948,159$291,111$69,614$1,282,401
71$2,093,796$252,300$18,871$1,350,479
72$2,252,616$209,915$0$1,424,909
73$2,425,911$163,729$0$1,512,778
74$2,615,103$113,501$0$1,612,516
75$2,821,758$58,977$0$1,721,571
76$3,047,599$0$0$1,840,908
77$3,294,523$0$0$1,971,628
78$3,564,620$0$0$2,134,540
79$3,860,189$0$0$2,312,867
80$4,183,764$0$0$2,508,141
81$4,538,133$0$0$2,722,054
82$4,926,368$0$0$2,956,465
83$5,351,851$0$0$3,213,424
84$5,818,308$0$0$3,495,189
85$6,329,842$0$0$3,804,243
86$6,890,971$0$0$4,143,327
87$7,506,673$0$0$4,515,455
88$8,182,431$0$0$4,923,950
89$8,924,283$0$0$5,372,471
90$9,738,882$0$0$5,865,049
91$10,633,557$0$0$6,406,124
92$11,616,379$0$0$7,000,588
93$12,696,243$0$0$7,653,831
94$13,882,946$0$0$8,371,788
95$15,187,280$0$0$9,161,001
96$16,621,136$0$0$10,028,675
97$18,197,616$0$0$10,982,750
98$19,931,152$0$0$12,031,971
99$21,837,646$0$0$13,185,976
100$23,934,619$0$0$14,455,381