Can I retire at age 51 with 549,000?

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 $549,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$45,336$44,932$44,538$44,154$43,778$42,754
2 years$22,444$22,026$21,620$21,228$20,847$19,821
3 years$14,814$14,394$13,990$13,601$13,226$12,231
4 years$11,000$10,581$10,181$9,799$9,433$8,476
5 years$8,712$8,296$7,901$7,526$7,171$6,254
6 years$7,187$6,774$6,385$6,019$5,674$4,799
7 years$6,098$5,689$5,306$4,948$4,614$3,781
8 years$5,282$4,876$4,500$4,151$3,828$3,036
9 years$4,648$4,246$3,876$3,536$3,224$2,472
10 years$4,140$3,742$3,379$3,048$2,747$2,035
11 years$3,726$3,332$2,975$2,653$2,362$1,689
12 years$3,380$2,990$2,640$2,327$2,047$1,412
13 years$3,088$2,702$2,359$2,054$1,785$1,186
14 years$2,838$2,456$2,119$1,823$1,565$1,001
15 years$2,622$2,244$1,913$1,626$1,378$848
16 years$2,432$2,059$1,735$1,456$1,218$721
17 years$2,265$1,896$1,579$1,308$1,080$614
18 years$2,117$1,752$1,441$1,179$960$524
19 years$1,985$1,624$1,319$1,065$856$448
20 years$1,866$1,509$1,211$965$764$384
21 years$1,758$1,405$1,114$876$684$329
22 years$1,661$1,312$1,026$796$613$283
23 years$1,572$1,227$948$725$550$243
24 years$1,490$1,150$876$661$495$209
25 years$1,415$1,079$812$604$445$180
26 years$1,346$1,014$753$552$401$155
27 years$1,283$954$699$505$362$133
28 years$1,224$899$650$463$326$115
29 years$1,169$848$605$425$295$99
30 years$1,118$801$563$390$266$86
31 years$1,070$757$525$358$241$74
32 years$1,025$717$490$329$218$64
33 years$983$679$458$303$197$55
34 years$944$643$427$278$178$47
35 years$907$610$400$256$162$41
36 years$872$579$374$236$146$35
37 years$839$550$350$217$133$31
38 years$808$523$328$200$120$26
39 years$778$497$307$185$109$23
40 years$751$473$288$170$99$20
41 years$724$450$270$157$90$17
42 years$699$429$253$145$81$15
43 years$675$408$238$134$74$13
44 years$652$389$223$124$67$11
45 years$631$371$209$114$61$9
46 years$610$354$197$106$55$8
47 years$590$338$185$97$50$7
48 years$571$323$174$90$46$6
49 years$553$308$163$83$41$5
50 years$536$294$153$77$38$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $549,000, adding $4,546 every year, while hoping to spend $29,458 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: 22/50/28 Blend
50$549,000$549,000$549,000$549,000
51$609,687$580,590$572,081$617,617
52$640,532$577,696$559,902$622,082
53$673,536$573,673$546,329$624,101
54$708,888$568,434$531,282$625,627
55$746,795$561,888$514,681$626,639
56$787,486$553,938$496,439$627,116
57$831,208$544,480$476,470$627,040
58$878,238$533,406$454,678$626,392
59$928,876$520,600$430,967$625,158
60$983,452$505,940$405,235$623,323
61$1,042,329$489,296$377,375$620,877
62$1,105,907$470,532$347,278$617,812
63$1,174,623$449,502$314,825$614,126
64$1,248,959$426,052$279,897$609,820
65$1,329,446$400,021$242,366$604,900
66$1,416,664$371,238$202,100$599,379
67$1,511,255$339,519$158,961$593,277
68$1,613,922$304,674$112,805$586,624
69$1,725,439$266,500$63,481$579,456
70$1,846,658$224,783$10,832$571,822
71$1,978,516$179,296$0$563,784
72$2,122,043$129,801$0$568,966
73$2,278,375$76,044$0$578,244
74$2,448,759$17,760$0$588,540
75$2,634,569$0$0$600,040
76$2,837,316$0$0$637,896
77$3,058,665$0$0$689,986
78$3,300,448$0$0$746,979
79$3,564,682$0$0$809,365
80$3,853,586$0$0$877,679
81$4,169,606$0$0$952,512
82$4,515,433$0$0$1,034,516
83$4,894,031$0$0$1,124,407
84$5,308,664$0$0$1,222,974
85$5,762,926$0$0$1,331,088
86$6,260,775$0$0$1,449,705
87$6,806,570$0$0$1,579,881
88$7,405,113$0$0$1,722,777
89$8,061,692$0$0$1,879,673
90$8,782,132$0$0$2,051,981
91$9,572,849$0$0$2,241,251
92$10,440,909$0$0$2,449,197
93$11,394,097$0$0$2,677,702
94$12,440,990$0$0$2,928,843
95$13,591,033$0$0$3,204,908
96$14,854,635$0$0$3,508,417
97$16,243,259$0$0$3,842,148
98$17,769,537$0$0$4,209,158
99$19,447,383$0$0$4,612,821
100$21,292,128$0$0$5,056,847