Can I retire at age 51 with 554,000?

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 $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%16.2%
1 years$45,749$45,341$44,944$44,556$44,177$43,056
2 years$22,648$22,226$21,817$21,421$21,037$19,915
3 years$14,949$14,525$14,117$13,725$13,346$12,259
4 years$11,100$10,677$10,274$9,888$9,519$8,474
5 years$8,791$8,371$7,973$7,595$7,236$6,236
6 years$7,252$6,836$6,443$6,074$5,726$4,772
7 years$6,154$5,741$5,354$4,993$4,656$3,749
8 years$5,330$4,921$4,541$4,189$3,863$3,001
9 years$4,690$4,284$3,911$3,568$3,253$2,437
10 years$4,178$3,777$3,410$3,076$2,772$2,000
11 years$3,760$3,362$3,002$2,677$2,384$1,655
12 years$3,411$3,018$2,664$2,348$2,066$1,378
13 years$3,116$2,727$2,380$2,073$1,801$1,154
14 years$2,864$2,479$2,139$1,840$1,579$971
15 years$2,645$2,264$1,931$1,641$1,390$820
16 years$2,454$2,078$1,751$1,469$1,229$694
17 years$2,286$1,913$1,593$1,320$1,090$589
18 years$2,137$1,768$1,454$1,190$969$501
19 years$2,003$1,639$1,331$1,075$864$427
20 years$1,883$1,523$1,222$974$771$364
21 years$1,774$1,418$1,124$884$690$311
22 years$1,676$1,324$1,036$803$619$266
23 years$1,586$1,238$956$732$555$228
24 years$1,504$1,160$884$667$499$195
25 years$1,428$1,089$819$609$449$167
26 years$1,359$1,023$760$557$405$144
27 years$1,294$963$705$510$365$123
28 years$1,235$907$656$467$329$106
29 years$1,179$856$610$429$297$91
30 years$1,128$808$568$393$269$78
31 years$1,080$764$530$361$243$67
32 years$1,034$723$494$332$220$58
33 years$992$685$462$305$199$50
34 years$952$649$431$281$180$43
35 years$915$616$403$259$163$37
36 years$880$584$377$238$148$31
37 years$847$555$353$219$134$27
38 years$815$527$331$202$121$23
39 years$786$502$310$186$110$20
40 years$757$477$290$172$100$17
41 years$731$454$272$159$91$15
42 years$705$433$255$146$82$13
43 years$681$412$240$135$75$11
44 years$658$393$225$125$68$9
45 years$636$375$211$115$61$8
46 years$615$357$198$106$56$7
47 years$596$341$186$98$51$6
48 years$577$326$175$91$46$5
49 years$558$311$165$84$42$4
50 years$541$297$155$78$38$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $554,000, adding $2,203 every year, while hoping to spend $41,087 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: 39/45/16 Blend
50$554,000$554,000$554,000$554,000
51$612,780$583,418$574,831$633,665
52$631,568$568,290$550,372$633,643
53$650,894$551,043$523,716$629,493
54$670,772$531,530$494,747$624,130
55$691,212$509,596$463,342$617,466
56$712,225$485,076$429,374$609,407
57$733,823$457,795$392,708$599,853
58$756,015$427,570$353,207$588,699
59$778,813$394,205$310,723$575,833
60$802,225$357,494$265,106$561,138
61$826,260$317,220$216,195$544,487
62$850,926$273,151$163,825$525,748
63$876,231$225,046$107,823$504,780
64$902,179$172,646$48,009$481,437
65$928,777$115,681$0$455,559
66$956,026$53,863$0$429,682
67$983,930$0$0$409,851
68$1,012,486$0$0$394,202
69$1,041,693$0$0$405,465
70$1,071,547$0$0$416,965
71$1,102,039$0$0$428,698
72$1,133,159$0$0$440,657
73$1,164,892$0$0$452,835
74$1,197,221$0$0$465,223
75$1,230,123$0$0$477,810
76$1,263,571$0$0$490,583
77$1,297,532$0$0$503,526
78$1,331,966$0$0$516,620
79$1,366,829$0$0$529,845
80$1,402,066$0$0$543,175
81$1,437,616$0$0$556,582
82$1,473,407$0$0$570,034
83$1,509,357$0$0$583,494
84$1,545,372$0$0$596,919
85$1,581,346$0$0$610,261
86$1,617,156$0$0$623,467
87$1,652,667$0$0$636,474
88$1,687,723$0$0$649,216
89$1,722,148$0$0$661,613
90$1,755,746$0$0$673,579
91$1,788,297$0$0$685,017
92$1,819,552$0$0$695,817
93$1,849,233$0$0$705,859
94$1,877,031$0$0$715,006
95$1,902,599$0$0$723,105
96$1,925,548$0$0$729,989
97$1,945,449$0$0$735,468
98$1,961,819$0$0$739,333
99$1,974,124$0$0$741,351
100$1,981,768$0$0$741,264