Can I retire at age 51 with 554,000?

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 $554,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$45,749$45,341$44,944$44,556$44,177$42,677
2 years$22,648$22,226$21,817$21,421$21,037$19,541
3 years$14,949$14,525$14,117$13,725$13,346$11,902
4 years$11,100$10,677$10,274$9,888$9,519$8,136
5 years$8,791$8,371$7,973$7,595$7,236$5,918
6 years$7,252$6,836$6,443$6,074$5,726$4,475
7 years$6,154$5,741$5,354$4,993$4,656$3,472
8 years$5,330$4,921$4,541$4,189$3,863$2,744
9 years$4,690$4,284$3,911$3,568$3,253$2,198
10 years$4,178$3,777$3,410$3,076$2,772$1,779
11 years$3,760$3,362$3,002$2,677$2,384$1,451
12 years$3,411$3,018$2,664$2,348$2,066$1,192
13 years$3,116$2,727$2,380$2,073$1,801$983
14 years$2,864$2,479$2,139$1,840$1,579$815
15 years$2,645$2,264$1,931$1,641$1,390$677
16 years$2,454$2,078$1,751$1,469$1,229$564
17 years$2,286$1,913$1,593$1,320$1,090$471
18 years$2,137$1,768$1,454$1,190$969$394
19 years$2,003$1,639$1,331$1,075$864$331
20 years$1,883$1,523$1,222$974$771$277
21 years$1,774$1,418$1,124$884$690$233
22 years$1,676$1,324$1,036$803$619$196
23 years$1,586$1,238$956$732$555$165
24 years$1,504$1,160$884$667$499$139
25 years$1,428$1,089$819$609$449$117
26 years$1,359$1,023$760$557$405$98
27 years$1,294$963$705$510$365$83
28 years$1,235$907$656$467$329$70
29 years$1,179$856$610$429$297$59
30 years$1,128$808$568$393$269$50
31 years$1,080$764$530$361$243$42
32 years$1,034$723$494$332$220$35
33 years$992$685$462$305$199$30
34 years$952$649$431$281$180$25
35 years$915$616$403$259$163$21
36 years$880$584$377$238$148$18
37 years$847$555$353$219$134$15
38 years$815$527$331$202$121$13
39 years$786$502$310$186$110$11
40 years$757$477$290$172$100$9
41 years$731$454$272$159$91$8
42 years$705$433$255$146$82$7
43 years$681$412$240$135$75$6
44 years$658$393$225$125$68$5
45 years$636$375$211$115$61$4
46 years$615$357$198$106$56$3
47 years$596$341$186$98$51$3
48 years$577$326$175$91$46$2
49 years$558$311$165$84$42$2
50 years$541$297$155$78$38$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $554,000, adding $4,220 every year, while hoping to spend $39,956 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: 40/38/22 Blend
50$554,000$554,000$554,000$554,000
51$614,861$585,499$576,912$635,304
52$635,064$571,676$553,726$636,557
53$655,988$555,836$528,423$633,803
54$677,666$537,838$500,892$630,017
55$700,129$517,534$471,014$625,127
56$723,415$494,765$438,665$619,058
57$747,559$469,365$403,716$611,731
58$772,602$441,156$366,033$603,062
59$798,587$409,952$325,474$592,963
60$825,558$375,555$281,893$581,343
61$853,564$337,756$235,135$568,104
62$882,656$296,335$185,041$553,145
63$912,890$251,058$131,443$536,358
64$944,324$201,678$74,165$517,634
65$977,021$147,937$13,026$496,852
66$1,011,049$89,558$0$473,892
67$1,046,481$26,251$0$460,882
68$1,083,394$0$0$449,489
69$1,121,873$0$0$454,244
70$1,162,007$0$0$470,666
71$1,203,896$0$0$487,822
72$1,247,642$0$0$505,756
73$1,293,361$0$0$524,516
74$1,341,175$0$0$544,156
75$1,391,216$0$0$564,733
76$1,443,629$0$0$586,308
77$1,498,568$0$0$608,949
78$1,556,204$0$0$632,729
79$1,616,719$0$0$657,726
80$1,680,313$0$0$684,028
81$1,747,202$0$0$711,728
82$1,817,622$0$0$740,929
83$1,891,829$0$0$771,740
84$1,970,102$0$0$804,285
85$2,052,747$0$0$838,695
86$2,140,095$0$0$875,114
87$2,232,509$0$0$913,700
88$2,330,384$0$0$954,626
89$2,434,151$0$0$998,080
90$2,544,285$0$0$1,044,267
91$2,661,300$0$0$1,093,414
92$2,785,762$0$0$1,145,767
93$2,918,289$0$0$1,201,595
94$3,059,557$0$0$1,261,196
95$3,210,309$0$0$1,324,892
96$3,371,355$0$0$1,393,040
97$3,543,586$0$0$1,466,028
98$3,727,978$0$0$1,544,284
99$3,925,601$0$0$1,628,278
100$4,137,629$0$0$1,718,522