Can I retire at age 51 with 553,000?

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 $553,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$45,666$45,259$44,863$44,475$44,097$43,600
2 years$22,607$22,186$21,778$21,382$20,999$20,498
3 years$14,922$14,499$14,092$13,700$13,322$12,834
4 years$11,080$10,658$10,255$9,870$9,502$9,030
5 years$8,775$8,356$7,958$7,581$7,223$6,768
6 years$7,239$6,823$6,432$6,063$5,715$5,279
7 years$6,143$5,730$5,345$4,984$4,648$4,229
8 years$5,321$4,912$4,533$4,181$3,856$3,455
9 years$4,681$4,277$3,904$3,562$3,247$2,865
10 years$4,171$3,770$3,404$3,070$2,767$2,402
11 years$3,753$3,356$2,997$2,672$2,380$2,032
12 years$3,405$3,012$2,659$2,344$2,062$1,731
13 years$3,111$2,722$2,376$2,069$1,798$1,484
14 years$2,859$2,474$2,135$1,837$1,576$1,278
15 years$2,641$2,260$1,927$1,638$1,388$1,105
16 years$2,450$2,074$1,747$1,467$1,227$959
17 years$2,282$1,910$1,590$1,318$1,088$835
18 years$2,133$1,765$1,452$1,188$967$728
19 years$1,999$1,636$1,329$1,073$862$637
20 years$1,879$1,520$1,220$972$770$558
21 years$1,771$1,416$1,122$882$689$489
22 years$1,673$1,322$1,034$802$618$430
23 years$1,583$1,236$955$730$554$378
24 years$1,501$1,158$883$666$498$333
25 years$1,426$1,087$818$608$448$294
26 years$1,356$1,021$758$556$404$259
27 years$1,292$961$704$509$364$229
28 years$1,233$906$655$466$329$202
29 years$1,177$854$609$428$297$178
30 years$1,126$807$567$393$268$158
31 years$1,078$763$529$361$242$139
32 years$1,033$722$494$331$219$123
33 years$990$684$461$305$198$109
34 years$951$648$431$280$180$97
35 years$913$615$403$258$163$86
36 years$878$583$377$238$147$76
37 years$845$554$353$219$134$67
38 years$814$526$330$202$121$60
39 years$784$501$309$186$110$53
40 years$756$476$290$172$100$47
41 years$729$453$272$158$90$41
42 years$704$432$255$146$82$37
43 years$680$411$239$135$74$33
44 years$657$392$225$125$68$29
45 years$635$374$211$115$61$26
46 years$614$357$198$106$56$23
47 years$594$340$186$98$51$20
48 years$575$325$175$91$46$18
49 years$557$310$164$84$42$16
50 years$540$296$155$78$38$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $553,000, adding $6,790 every year, while hoping to spend $33,105 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: 66/21/13 Blend
50$553,000$553,000$553,000$553,000
51$616,410$587,101$578,529$654,814
52$644,060$580,645$562,687$674,835
53$673,421$572,764$545,204$692,196
54$704,633$563,352$525,990$710,336
55$737,847$552,298$504,953$729,328
56$773,232$539,485$481,993$749,257
57$810,970$524,788$457,008$770,213
58$851,261$508,075$429,891$792,299
59$894,326$489,207$400,528$815,629
60$940,405$468,035$368,803$840,329
61$989,761$444,405$334,593$866,542
62$1,042,686$418,149$297,771$894,424
63$1,099,495$389,094$258,202$924,150
64$1,160,539$357,055$215,747$955,914
65$1,226,199$321,836$170,260$989,932
66$1,296,896$283,230$121,588$1,026,444
67$1,373,092$241,021$69,573$1,065,716
68$1,455,292$194,976$14,049$1,108,044
69$1,544,055$144,852$0$1,153,756
70$1,639,991$90,393$0$1,209,486
71$1,743,774$31,326$0$1,271,856
72$1,856,143$0$0$1,339,389
73$1,977,910$0$0$1,420,151
74$2,109,969$0$0$1,515,621
75$2,253,304$0$0$1,619,272
76$2,408,993$0$0$1,731,891
77$2,578,228$0$0$1,854,342
78$2,762,316$0$0$1,987,575
79$2,962,695$0$0$2,132,637
80$3,180,949$0$0$2,290,679
81$3,418,822$0$0$2,462,968
82$3,678,230$0$0$2,650,897
83$3,961,284$0$0$2,856,000
84$4,270,308$0$0$3,079,968
85$4,607,859$0$0$3,324,660
86$4,976,752$0$0$3,592,121
87$5,380,088$0$0$3,884,607
88$5,821,279$0$0$4,204,598
89$6,304,082$0$0$4,554,827
90$6,832,636$0$0$4,938,302
91$7,411,497$0$0$5,358,336
92$8,045,683$0$0$5,818,577
93$8,740,719$0$0$6,323,045
94$9,502,692$0$0$6,876,164
95$10,338,304$0$0$7,482,809
96$11,254,939$0$0$8,148,347
97$12,260,727$0$0$8,878,692
98$13,364,625$0$0$9,680,358
99$14,576,501$0$0$10,560,520
100$15,907,221$0$0$11,527,079