Can I retire at age 51 with 550,000?

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 $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%12.3%
1 years$45,418$45,014$44,619$44,234$43,858$43,436
2 years$22,484$22,066$21,660$21,266$20,885$20,460
3 years$14,841$14,420$14,015$13,626$13,250$12,835
4 years$11,020$10,600$10,200$9,816$9,450$9,048
5 years$8,728$8,311$7,915$7,540$7,184$6,797
6 years$7,200$6,786$6,397$6,030$5,684$5,312
7 years$6,109$5,699$5,316$4,957$4,623$4,266
8 years$5,292$4,885$4,508$4,159$3,835$3,493
9 years$4,656$4,254$3,883$3,542$3,230$2,903
10 years$4,148$3,749$3,385$3,053$2,752$2,439
11 years$3,732$3,338$2,980$2,657$2,367$2,069
12 years$3,386$2,996$2,645$2,331$2,051$1,767
13 years$3,094$2,707$2,363$2,058$1,788$1,519
14 years$2,843$2,461$2,123$1,827$1,568$1,312
15 years$2,626$2,248$1,917$1,629$1,380$1,137
16 years$2,437$2,063$1,738$1,459$1,220$990
17 years$2,270$1,900$1,582$1,311$1,082$864
18 years$2,121$1,755$1,444$1,181$962$756
19 years$1,989$1,627$1,322$1,067$857$663
20 years$1,869$1,512$1,213$967$766$582
21 years$1,762$1,408$1,116$877$685$512
22 years$1,664$1,314$1,028$798$614$451
23 years$1,575$1,229$949$726$551$398
24 years$1,493$1,152$878$663$496$352
25 years$1,418$1,081$813$605$446$311
26 years$1,349$1,016$754$553$402$275
27 years$1,285$956$700$506$362$244
28 years$1,226$901$651$464$327$216
29 years$1,171$850$606$425$295$191
30 years$1,120$803$564$390$267$170
31 years$1,072$759$526$359$241$151
32 years$1,027$718$491$330$218$134
33 years$985$680$458$303$197$119
34 years$946$644$428$279$179$106
35 years$908$611$400$257$162$94
36 years$874$580$375$236$147$83
37 years$841$551$351$218$133$74
38 years$809$524$328$201$120$66
39 years$780$498$308$185$109$59
40 years$752$474$288$171$99$52
41 years$725$451$270$158$90$46
42 years$700$429$254$145$82$41
43 years$676$409$238$134$74$37
44 years$653$390$223$124$67$33
45 years$632$372$210$114$61$29
46 years$611$355$197$106$55$26
47 years$591$339$185$98$50$23
48 years$572$323$174$90$46$20
49 years$554$309$163$83$41$18
50 years$537$295$154$77$38$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $550,000, adding $2,749 every year, while hoping to spend $26,698 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: 49/27/24 Blend
50$550,000$550,000$550,000$550,000
51$608,936$579,786$571,261$634,519
52$642,641$579,789$561,991$652,647
53$678,889$578,897$551,517$669,433
54$717,911$577,039$539,768$687,130
55$759,962$574,137$526,674$705,835
56$805,319$570,112$512,159$725,656
57$854,291$564,876$496,145$746,717
58$907,212$558,338$478,550$769,152
59$964,453$550,403$459,287$793,113
60$1,026,422$540,967$438,268$818,767
61$1,093,564$529,922$415,397$846,303
62$1,166,372$517,152$390,577$875,929
63$1,245,387$502,537$363,706$907,878
64$1,331,202$485,947$334,676$942,407
65$1,424,472$467,246$303,375$979,802
66$1,525,916$446,289$269,686$1,020,384
67$1,636,326$422,924$233,488$1,064,506
68$1,756,574$396,990$194,652$1,112,560
69$1,887,617$368,315$153,045$1,164,983
70$2,030,510$336,718$108,528$1,222,260
71$2,186,415$302,010$60,957$1,284,927
72$2,356,609$263,988$10,178$1,353,579
73$2,542,499$222,439$0$1,428,877
74$2,745,633$177,138$0$1,522,822
75$2,967,717$127,847$0$1,628,469
76$3,210,627$74,315$0$1,744,151
77$3,476,430$16,276$0$1,870,908
78$3,767,403$0$0$2,009,890
79$4,086,050$0$0$2,176,195
80$4,435,132$0$0$2,363,742
81$4,817,689$0$0$2,569,334
82$5,237,066$0$0$2,794,777
83$5,696,951$0$0$3,042,062
84$6,201,404$0$0$3,313,380
85$6,754,897$0$0$3,611,145
86$7,362,357$0$0$3,938,015
87$8,029,209$0$0$4,296,920
88$8,761,430$0$0$4,691,087
89$9,565,605$0$0$5,124,068
90$10,448,987$0$0$5,599,779
91$11,419,566$0$0$6,122,535
92$12,486,145$0$0$6,697,087
93$13,658,420$0$0$7,328,669
94$14,947,077$0$0$8,023,050
95$16,363,885$0$0$8,786,583
96$17,921,812$0$0$9,626,271
97$19,635,145$0$0$10,549,825
98$21,519,625$0$0$11,565,745
99$23,592,596$0$0$12,683,393
100$25,873,165$0$0$13,913,087