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%15.4%
1 years$45,666$45,259$44,863$44,475$44,097$43,119
2 years$22,607$22,186$21,778$21,382$20,999$20,018
3 years$14,922$14,499$14,092$13,700$13,322$12,370
4 years$11,080$10,658$10,255$9,870$9,502$8,585
5 years$8,775$8,356$7,958$7,581$7,223$6,345
6 years$7,239$6,823$6,432$6,063$5,715$4,876
7 years$6,143$5,730$5,345$4,984$4,648$3,848
8 years$5,321$4,912$4,533$4,181$3,856$3,095
9 years$4,681$4,277$3,904$3,562$3,247$2,525
10 years$4,171$3,770$3,404$3,070$2,767$2,083
11 years$3,753$3,356$2,997$2,672$2,380$1,732
12 years$3,405$3,012$2,659$2,344$2,062$1,451
13 years$3,111$2,722$2,376$2,069$1,798$1,221
14 years$2,859$2,474$2,135$1,837$1,576$1,033
15 years$2,641$2,260$1,927$1,638$1,388$877
16 years$2,450$2,074$1,747$1,467$1,227$747
17 years$2,282$1,910$1,590$1,318$1,088$638
18 years$2,133$1,765$1,452$1,188$967$545
19 years$1,999$1,636$1,329$1,073$862$468
20 years$1,879$1,520$1,220$972$770$401
21 years$1,771$1,416$1,122$882$689$345
22 years$1,673$1,322$1,034$802$618$297
23 years$1,583$1,236$955$730$554$256
24 years$1,501$1,158$883$666$498$221
25 years$1,426$1,087$818$608$448$190
26 years$1,356$1,021$758$556$404$164
27 years$1,292$961$704$509$364$142
28 years$1,233$906$655$466$329$123
29 years$1,177$854$609$428$297$106
30 years$1,126$807$567$393$268$92
31 years$1,078$763$529$361$242$79
32 years$1,033$722$494$331$219$69
33 years$990$684$461$305$198$59
34 years$951$648$431$280$180$51
35 years$913$615$403$258$163$44
36 years$878$583$377$238$147$38
37 years$845$554$353$219$134$33
38 years$814$526$330$202$121$29
39 years$784$501$309$186$110$25
40 years$756$476$290$172$100$22
41 years$729$453$272$158$90$19
42 years$704$432$255$146$82$16
43 years$680$411$239$135$74$14
44 years$657$392$225$125$68$12
45 years$635$374$211$115$61$11
46 years$614$357$198$106$56$9
47 years$594$340$186$98$51$8
48 years$575$325$175$91$46$7
49 years$557$310$164$84$42$6
50 years$540$296$155$78$38$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $553,000, adding $4,743 every year, while hoping to spend $32,128 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: 64/16/20 Blend
50$553,000$553,000$553,000$553,000
51$614,298$584,989$576,418$650,192
52$642,773$579,470$561,544$669,393
53$673,075$572,603$545,095$686,298
54$705,357$564,289$526,984$704,015
55$739,786$554,422$507,121$722,627
56$776,546$542,890$485,411$742,224
57$815,835$529,574$461,754$762,907
58$857,875$514,348$436,047$784,788
59$902,906$497,078$408,182$807,993
60$951,192$477,625$378,046$832,661
61$1,003,024$455,838$345,521$858,947
62$1,058,718$431,560$310,482$887,023
63$1,118,625$404,625$272,801$917,082
64$1,183,128$374,854$232,343$949,337
65$1,252,649$342,063$188,967$984,023
66$1,327,648$306,054$142,527$1,021,404
67$1,408,636$266,618$92,869$1,061,772
68$1,496,169$223,535$39,833$1,105,451
69$1,590,862$176,572$0$1,152,800
70$1,693,390$125,483$0$1,207,795
71$1,804,493$70,010$0$1,276,605
72$1,924,988$9,877$0$1,351,248
73$2,055,771$0$0$1,432,310
74$2,197,829$0$0$1,530,153
75$2,352,246$0$0$1,638,432
76$2,520,217$0$0$1,756,251
77$2,703,053$0$0$1,884,534
78$2,902,201$0$0$2,024,300
79$3,119,250$0$0$2,176,669
80$3,355,951$0$0$2,342,876
81$3,614,229$0$0$2,524,278
82$3,896,204$0$0$2,722,369
83$4,204,210$0$0$2,938,796
84$4,540,817$0$0$3,175,368
85$4,908,853$0$0$3,434,080
86$5,311,431$0$0$3,717,127
87$5,751,982$0$0$4,026,928
88$6,234,281$0$0$4,366,144
89$6,762,486$0$0$4,737,707
90$7,341,175$0$0$5,144,845
91$7,975,391$0$0$5,591,114
92$8,670,688$0$0$6,080,429
93$9,433,182$0$0$6,617,104
94$10,269,611$0$0$7,205,888
95$11,187,393$0$0$7,852,014
96$12,194,704$0$0$8,561,246
97$13,300,545$0$0$9,339,931
98$14,514,834$0$0$10,195,064
99$15,848,497$0$0$11,134,348
100$17,313,567$0$0$12,166,269