Can I retire at age 51 with 550,000?

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 $550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$45,418$45,014$44,619$44,234$43,858$42,815
2 years$22,484$22,066$21,660$21,266$20,885$19,840
3 years$14,841$14,420$14,015$13,626$13,250$12,236
4 years$11,020$10,600$10,200$9,816$9,450$8,475
5 years$8,728$8,311$7,915$7,540$7,184$6,250
6 years$7,200$6,786$6,397$6,030$5,684$4,793
7 years$6,109$5,699$5,316$4,957$4,623$3,774
8 years$5,292$4,885$4,508$4,159$3,835$3,029
9 years$4,656$4,254$3,883$3,542$3,230$2,465
10 years$4,148$3,749$3,385$3,053$2,752$2,028
11 years$3,732$3,338$2,980$2,657$2,367$1,682
12 years$3,386$2,996$2,645$2,331$2,051$1,405
13 years$3,094$2,707$2,363$2,058$1,788$1,180
14 years$2,843$2,461$2,123$1,827$1,568$995
15 years$2,626$2,248$1,917$1,629$1,380$843
16 years$2,437$2,063$1,738$1,459$1,220$715
17 years$2,270$1,900$1,582$1,311$1,082$609
18 years$2,121$1,755$1,444$1,181$962$520
19 years$1,989$1,627$1,322$1,067$857$444
20 years$1,869$1,512$1,213$967$766$380
21 years$1,762$1,408$1,116$877$685$326
22 years$1,664$1,314$1,028$798$614$279
23 years$1,575$1,229$949$726$551$240
24 years$1,493$1,152$878$663$496$206
25 years$1,418$1,081$813$605$446$177
26 years$1,349$1,016$754$553$402$153
27 years$1,285$956$700$506$362$131
28 years$1,226$901$651$464$327$113
29 years$1,171$850$606$425$295$97
30 years$1,120$803$564$390$267$84
31 years$1,072$759$526$359$241$72
32 years$1,027$718$491$330$218$62
33 years$985$680$458$303$197$54
34 years$946$644$428$279$179$46
35 years$908$611$400$257$162$40
36 years$874$580$375$236$147$35
37 years$841$551$351$218$133$30
38 years$809$524$328$201$120$26
39 years$780$498$308$185$109$22
40 years$752$474$288$171$99$19
41 years$725$451$270$158$90$17
42 years$700$429$254$145$82$14
43 years$676$409$238$134$74$12
44 years$653$390$223$124$67$11
45 years$632$372$210$114$61$9
46 years$611$355$197$106$55$8
47 years$591$339$185$98$50$7
48 years$572$323$174$90$46$6
49 years$554$309$163$83$41$5
50 years$537$295$154$77$38$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $550,000, adding $2,437 every year, while hoping to spend $32,941 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: 85/8/7 Blend
50$550,000$550,000$550,000$550,000
51$608,614$579,464$570,939$659,788
52$635,643$572,809$555,016$686,888
53$664,326$564,723$537,456$711,909
54$694,795$555,103$518,169$738,353
55$727,198$543,836$497,061$766,341
56$761,694$530,806$474,035$796,007
57$798,459$515,887$448,987$827,496
58$837,684$498,949$421,811$860,971
59$879,581$479,850$392,394$896,608
60$924,379$458,444$360,620$934,604
61$972,332$434,574$326,367$975,171
62$1,023,717$408,074$289,507$1,018,548
63$1,078,837$378,771$249,907$1,064,995
64$1,138,026$346,479$207,427$1,114,800
65$1,201,651$311,003$161,922$1,168,277
66$1,270,114$272,136$113,241$1,225,776
67$1,343,855$229,661$61,224$1,287,680
68$1,423,360$183,346$5,707$1,354,413
69$1,509,162$132,948$0$1,426,440
70$1,601,844$78,210$0$1,508,274
71$1,702,050$18,861$0$1,597,196
72$1,810,488$0$0$1,693,419
73$1,927,933$0$0$1,801,639
74$2,055,239$0$0$1,920,753
75$2,193,347$0$0$2,049,981
76$2,343,289$0$0$2,190,289
77$2,506,201$0$0$2,342,741
78$2,683,332$0$0$2,508,508
79$2,876,058$0$0$2,688,878
80$3,085,892$0$0$2,885,268
81$3,314,497$0$0$3,099,236
82$3,563,707$0$0$3,332,498
83$3,835,536$0$0$3,586,944
84$4,132,204$0$0$3,864,650
85$4,456,154$0$0$4,167,906
86$4,810,075$0$0$4,499,228
87$5,196,926$0$0$4,861,391
88$5,619,967$0$0$5,257,447
89$6,082,786$0$0$5,690,757
90$6,589,335$0$0$6,165,021
91$7,143,964$0$0$6,684,315
92$7,751,465$0$0$7,253,126
93$8,417,113$0$0$7,876,397
94$9,146,720$0$0$8,559,571
95$9,946,685$0$0$9,308,641
96$10,824,058$0$0$10,130,211
97$11,786,600$0$0$11,031,551
98$12,842,865$0$0$12,020,672
99$14,002,270$0$0$13,106,396
100$15,275,192$0$0$14,298,441