Can I retire at age 51 with 553,000?

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 $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%12.2%
1 years$45,666$45,259$44,863$44,475$44,097$43,691
2 years$22,607$22,186$21,778$21,382$20,999$20,590
3 years$14,922$14,499$14,092$13,700$13,322$12,923
4 years$11,080$10,658$10,255$9,870$9,502$9,115
5 years$8,775$8,356$7,958$7,581$7,223$6,850
6 years$7,239$6,823$6,432$6,063$5,715$5,357
7 years$6,143$5,730$5,345$4,984$4,648$4,304
8 years$5,321$4,912$4,533$4,181$3,856$3,526
9 years$4,681$4,277$3,904$3,562$3,247$2,932
10 years$4,171$3,770$3,404$3,070$2,767$2,466
11 years$3,753$3,356$2,997$2,672$2,380$2,092
12 years$3,405$3,012$2,659$2,344$2,062$1,789
13 years$3,111$2,722$2,376$2,069$1,798$1,538
14 years$2,859$2,474$2,135$1,837$1,576$1,329
15 years$2,641$2,260$1,927$1,638$1,388$1,153
16 years$2,450$2,074$1,747$1,467$1,227$1,004
17 years$2,282$1,910$1,590$1,318$1,088$877
18 years$2,133$1,765$1,452$1,188$967$768
19 years$1,999$1,636$1,329$1,073$862$674
20 years$1,879$1,520$1,220$972$770$592
21 years$1,771$1,416$1,122$882$689$522
22 years$1,673$1,322$1,034$802$618$460
23 years$1,583$1,236$955$730$554$406
24 years$1,501$1,158$883$666$498$359
25 years$1,426$1,087$818$608$448$318
26 years$1,356$1,021$758$556$404$281
27 years$1,292$961$704$509$364$249
28 years$1,233$906$655$466$329$221
29 years$1,177$854$609$428$297$196
30 years$1,126$807$567$393$268$174
31 years$1,078$763$529$361$242$155
32 years$1,033$722$494$331$219$137
33 years$990$684$461$305$198$122
34 years$951$648$431$280$180$109
35 years$913$615$403$258$163$97
36 years$878$583$377$238$147$86
37 years$845$554$353$219$134$76
38 years$814$526$330$202$121$68
39 years$784$501$309$186$110$61
40 years$756$476$290$172$100$54
41 years$729$453$272$158$90$48
42 years$704$432$255$146$82$43
43 years$680$411$239$135$74$38
44 years$657$392$225$125$68$34
45 years$635$374$211$115$61$30
46 years$614$357$198$106$56$27
47 years$594$340$186$98$51$24
48 years$575$325$175$91$46$21
49 years$557$310$164$84$42$19
50 years$540$296$155$78$38$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $553,000, adding $6,119 every year, while hoping to spend $30,140 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: 69/10/21 Blend
50$553,000$553,000$553,000$553,000
51$615,718$586,409$577,837$654,585
52$646,452$583,074$565,126$678,006
53$679,311$578,566$550,979$699,531
54$714,480$572,795$535,316$722,354
55$752,162$565,666$518,053$746,600
56$792,578$557,079$499,104$772,409
57$835,973$546,928$478,376$799,937
58$882,615$535,100$455,774$829,353
59$932,797$521,476$431,198$860,848
60$986,843$505,929$404,544$894,631
61$1,045,107$488,325$375,702$930,934
62$1,107,978$468,523$344,558$970,013
63$1,175,885$446,374$310,994$1,012,154
64$1,249,297$421,719$274,885$1,057,669
65$1,328,732$394,390$236,100$1,106,905
66$1,414,758$364,209$194,504$1,160,248
67$1,507,998$330,991$149,955$1,218,122
68$1,609,141$294,536$102,305$1,280,995
69$1,718,941$254,636$51,400$1,349,388
70$1,838,229$211,070$0$1,423,873
71$1,967,919$163,603$0$1,505,740
72$2,109,017$111,989$0$1,607,369
73$2,262,628$55,968$0$1,718,042
74$2,429,970$0$0$1,838,657
75$2,612,383$0$0$1,970,722
76$2,811,339$0$0$2,121,510
77$3,028,463$0$0$2,286,098
78$3,265,541$0$0$2,465,841
79$3,524,537$0$0$2,662,235
80$3,807,618$0$0$2,876,924
81$4,117,165$0$0$3,111,721
82$4,455,803$0$0$3,368,620
83$4,826,421$0$0$3,649,816
84$5,232,200$0$0$3,957,729
85$5,676,643$0$0$4,295,022
86$6,163,608$0$0$4,664,627
87$6,697,344$0$0$5,069,774
88$7,282,530$0$0$5,514,021
89$7,924,319$0$0$6,001,286
90$8,628,389$0$0$6,535,884
91$9,400,992$0$0$7,122,568
92$10,249,013$0$0$7,766,576
93$11,180,040$0$0$8,473,673
94$12,202,430$0$0$9,250,214
95$13,325,386$0$0$10,103,198
96$14,559,052$0$0$11,040,333
97$15,914,596$0$0$12,070,115
98$17,404,328$0$0$13,201,900
99$19,041,806$0$0$14,445,997
100$20,841,967$0$0$15,813,764