Can I retire at age 51 with 549,000?

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 $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%12.6%
1 years$45,336$44,932$44,538$44,154$43,778$43,303
2 years$22,444$22,026$21,620$21,228$20,847$20,368
3 years$14,814$14,394$13,990$13,601$13,226$12,759
4 years$11,000$10,581$10,181$9,799$9,433$8,981
5 years$8,712$8,296$7,901$7,526$7,171$6,736
6 years$7,187$6,774$6,385$6,019$5,674$5,256
7 years$6,098$5,689$5,306$4,948$4,614$4,213
8 years$5,282$4,876$4,500$4,151$3,828$3,444
9 years$4,648$4,246$3,876$3,536$3,224$2,857
10 years$4,140$3,742$3,379$3,048$2,747$2,397
11 years$3,726$3,332$2,975$2,653$2,362$2,029
12 years$3,380$2,990$2,640$2,327$2,047$1,730
13 years$3,088$2,702$2,359$2,054$1,785$1,484
14 years$2,838$2,456$2,119$1,823$1,565$1,279
15 years$2,622$2,244$1,913$1,626$1,378$1,107
16 years$2,432$2,059$1,735$1,456$1,218$961
17 years$2,265$1,896$1,579$1,308$1,080$837
18 years$2,117$1,752$1,441$1,179$960$731
19 years$1,985$1,624$1,319$1,065$856$639
20 years$1,866$1,509$1,211$965$764$561
21 years$1,758$1,405$1,114$876$684$492
22 years$1,661$1,312$1,026$796$613$433
23 years$1,572$1,227$948$725$550$381
24 years$1,490$1,150$876$661$495$336
25 years$1,415$1,079$812$604$445$296
26 years$1,346$1,014$753$552$401$261
27 years$1,283$954$699$505$362$231
28 years$1,224$899$650$463$326$204
29 years$1,169$848$605$425$295$180
30 years$1,118$801$563$390$266$160
31 years$1,070$757$525$358$241$141
32 years$1,025$717$490$329$218$125
33 years$983$679$458$303$197$111
34 years$944$643$427$278$178$98
35 years$907$610$400$256$162$87
36 years$872$579$374$236$146$77
37 years$839$550$350$217$133$68
38 years$808$523$328$200$120$61
39 years$778$497$307$185$109$54
40 years$751$473$288$170$99$48
41 years$724$450$270$157$90$42
42 years$699$429$253$145$81$38
43 years$675$408$238$134$74$33
44 years$652$389$223$124$67$30
45 years$631$371$209$114$61$26
46 years$610$354$197$106$55$23
47 years$590$338$185$97$50$21
48 years$571$323$174$90$46$18
49 years$553$308$163$83$41$16
50 years$536$294$153$77$38$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $549,000, adding $5,844 every year, while hoping to spend $33,102 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: 60/30/10 Blend
50$549,000$549,000$549,000$549,000
51$611,026$581,929$573,420$645,929
52$638,130$575,223$557,409$663,354
53$666,890$567,080$539,752$678,070
54$697,439$557,392$520,360$693,307
55$729,923$546,050$499,137$709,116
56$764,503$532,934$475,986$725,557
57$801,354$517,920$450,804$742,695
58$840,669$500,874$423,482$760,604
59$882,657$481,657$393,909$779,369
60$927,549$460,120$361,966$799,082
61$975,599$436,106$327,532$819,849
62$1,027,083$409,448$290,477$841,788
63$1,082,306$379,971$250,668$865,030
64$1,141,601$347,489$207,966$889,724
65$1,205,334$311,806$162,222$916,035
66$1,273,908$272,715$113,287$944,148
67$1,347,764$229,995$60,999$974,269
68$1,427,386$183,415$5,192$1,006,629
69$1,513,307$132,730$0$1,041,486
70$1,606,113$77,682$0$1,084,925
71$1,706,446$17,998$0$1,132,436
72$1,815,014$0$0$1,183,840
73$1,932,592$0$0$1,254,942
74$2,060,035$0$0$1,338,487
75$2,198,282$0$0$1,429,152
76$2,348,367$0$0$1,527,621
77$2,511,424$0$0$1,634,644
78$2,688,705$0$0$1,751,045
79$2,881,583$0$0$1,877,735
80$3,091,572$0$0$2,015,711
81$3,320,336$0$0$2,166,074
82$3,569,706$0$0$2,330,034
83$3,841,699$0$0$2,508,922
84$4,138,534$0$0$2,704,207
85$4,462,653$0$0$2,917,500
86$4,816,745$0$0$3,150,579
87$5,203,769$0$0$3,405,401
88$5,626,985$0$0$3,684,118
89$6,089,981$0$0$3,989,103
90$6,596,707$0$0$4,322,966
91$7,151,514$0$0$4,688,583
92$7,759,192$0$0$5,089,120
93$8,425,017$0$0$5,528,064
94$9,154,800$0$0$6,009,256
95$9,954,940$0$0$6,536,925
96$10,832,483$0$0$7,115,731
97$11,795,194$0$0$7,750,804
98$12,851,621$0$0$8,447,796
99$14,011,184$0$0$9,212,934
100$15,284,256$0$0$10,053,074