Can I retire at age 51 with 546,000?

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 $546,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$45,088$44,687$44,295$43,912$43,539$42,383
2 years$22,321$21,905$21,502$21,112$20,733$19,577
3 years$14,733$14,315$13,913$13,526$13,154$12,033
4 years$10,939$10,523$10,125$9,745$9,381$8,305
5 years$8,664$8,250$7,858$7,485$7,132$6,102
6 years$7,148$6,737$6,350$5,986$5,643$4,662
7 years$6,065$5,658$5,277$4,921$4,589$3,656
8 years$5,253$4,850$4,475$4,128$3,807$2,922
9 years$4,622$4,223$3,855$3,516$3,206$2,368
10 years$4,118$3,722$3,361$3,031$2,732$1,940
11 years$3,705$3,313$2,959$2,638$2,349$1,602
12 years$3,362$2,974$2,626$2,314$2,036$1,332
13 years$3,071$2,688$2,346$2,043$1,775$1,113
14 years$2,823$2,443$2,108$1,813$1,556$935
15 years$2,607$2,232$1,903$1,617$1,370$787
16 years$2,419$2,048$1,725$1,448$1,211$665
17 years$2,253$1,886$1,570$1,301$1,074$563
18 years$2,106$1,742$1,433$1,173$955$478
19 years$1,974$1,615$1,312$1,059$851$406
20 years$1,856$1,501$1,204$960$760$346
21 years$1,749$1,398$1,108$871$680$295
22 years$1,652$1,305$1,021$792$610$252
23 years$1,563$1,220$943$721$547$215
24 years$1,482$1,143$872$658$492$184
25 years$1,408$1,073$807$601$443$157
26 years$1,339$1,008$749$549$399$134
27 years$1,276$949$695$503$360$115
28 years$1,217$894$646$461$324$99
29 years$1,162$844$602$422$293$84
30 years$1,111$797$560$388$265$72
31 years$1,064$753$522$356$239$62
32 years$1,019$713$487$327$216$53
33 years$978$675$455$301$196$46
34 years$939$640$425$277$177$39
35 years$902$607$397$255$161$34
36 years$867$576$372$235$146$29
37 years$834$547$348$216$132$25
38 years$803$520$326$199$120$21
39 years$774$494$305$184$108$18
40 years$746$470$286$170$98$16
41 years$720$448$268$156$89$13
42 years$695$426$252$144$81$11
43 years$671$406$236$133$73$10
44 years$649$387$222$123$67$8
45 years$627$369$208$114$61$7
46 years$607$352$196$105$55$6
47 years$587$336$184$97$50$5
48 years$568$321$173$90$45$5
49 years$550$306$162$83$41$4
50 years$533$293$153$77$37$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $546,000, adding $4,628 every year, while hoping to spend $26,017 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: 73/14/13 Blend
50$546,000$546,000$546,000$546,000
51$606,466$577,528$569,065$648,741
52$640,643$578,145$560,447$677,949
53$677,435$577,920$550,668$706,274
54$717,080$576,785$539,662$736,599
55$759,841$574,666$527,359$769,114
56$806,007$571,487$513,688$804,030
57$855,895$567,164$498,571$841,582
58$909,852$561,612$481,930$882,024
59$968,263$554,737$463,680$925,642
60$1,031,549$546,442$443,737$972,748
61$1,100,172$536,623$422,007$1,023,687
62$1,174,642$525,170$398,397$1,078,840
63$1,255,519$511,967$372,807$1,138,627
64$1,343,419$496,890$345,132$1,203,512
65$1,439,020$479,809$315,266$1,274,006
66$1,543,067$460,587$283,095$1,350,674
67$1,656,380$439,076$248,499$1,434,138
68$1,779,863$415,123$211,356$1,525,086
69$1,914,510$388,564$171,536$1,624,276
70$2,061,412$359,227$128,906$1,732,544
71$2,221,775$326,928$83,323$1,850,812
72$2,396,923$291,474$34,641$1,980,099
73$2,588,315$252,662$0$2,121,527
74$2,797,556$210,275$0$2,278,737
75$3,026,414$164,087$0$2,455,977
76$3,276,837$113,855$0$2,649,968
77$3,550,967$59,327$0$2,862,398
78$3,851,165$233$0$3,095,124
79$4,180,030$0$0$3,350,198
80$4,540,425$0$0$3,639,691
81$4,935,503$0$0$3,957,109
82$5,368,734$0$0$4,305,207
83$5,843,945$0$0$4,687,062
84$6,365,346$0$0$5,106,063
85$6,937,577$0$0$5,565,940
86$7,565,750$0$0$6,070,806
87$8,255,493$0$0$6,625,187
88$9,013,009$0$0$7,234,073
89$9,845,127$0$0$7,902,959
90$10,759,375$0$0$8,637,897
91$11,764,043$0$0$9,445,558
92$12,868,263$0$0$10,333,288
93$14,082,100$0$0$11,309,181
94$15,416,637$0$0$12,382,155
95$16,884,090$0$0$13,562,035
96$18,497,914$0$0$14,859,644
97$20,272,935$0$0$16,286,910
98$22,225,487$0$0$17,856,972
99$24,373,568$0$0$19,584,307
100$26,737,008$0$0$21,484,867