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%15.2%
1 years$45,749$45,341$44,944$44,556$44,177$43,232
2 years$22,648$22,226$21,817$21,421$21,037$20,089
3 years$14,949$14,525$14,117$13,725$13,346$12,426
4 years$11,100$10,677$10,274$9,888$9,519$8,633
5 years$8,791$8,371$7,973$7,595$7,236$6,387
6 years$7,252$6,836$6,443$6,074$5,726$4,914
7 years$6,154$5,741$5,354$4,993$4,656$3,882
8 years$5,330$4,921$4,541$4,189$3,863$3,126
9 years$4,690$4,284$3,911$3,568$3,253$2,554
10 years$4,178$3,777$3,410$3,076$2,772$2,109
11 years$3,760$3,362$3,002$2,677$2,384$1,756
12 years$3,411$3,018$2,664$2,348$2,066$1,472
13 years$3,116$2,727$2,380$2,073$1,801$1,241
14 years$2,864$2,479$2,139$1,840$1,579$1,051
15 years$2,645$2,264$1,931$1,641$1,390$894
16 years$2,454$2,078$1,751$1,469$1,229$762
17 years$2,286$1,913$1,593$1,320$1,090$652
18 years$2,137$1,768$1,454$1,190$969$558
19 years$2,003$1,639$1,331$1,075$864$479
20 years$1,883$1,523$1,222$974$771$412
21 years$1,774$1,418$1,124$884$690$355
22 years$1,676$1,324$1,036$803$619$306
23 years$1,586$1,238$956$732$555$264
24 years$1,504$1,160$884$667$499$228
25 years$1,428$1,089$819$609$449$197
26 years$1,359$1,023$760$557$405$170
27 years$1,294$963$705$510$365$147
28 years$1,235$907$656$467$329$127
29 years$1,179$856$610$429$297$110
30 years$1,128$808$568$393$269$96
31 years$1,080$764$530$361$243$83
32 years$1,034$723$494$332$220$72
33 years$992$685$462$305$199$62
34 years$952$649$431$281$180$54
35 years$915$616$403$259$163$47
36 years$880$584$377$238$148$41
37 years$847$555$353$219$134$35
38 years$815$527$331$202$121$31
39 years$786$502$310$186$110$26
40 years$757$477$290$172$100$23
41 years$731$454$272$159$91$20
42 years$705$433$255$146$82$17
43 years$681$412$240$135$75$15
44 years$658$393$225$125$68$13
45 years$636$375$211$115$61$11
46 years$615$357$198$106$56$10
47 years$596$341$186$98$51$9
48 years$577$326$175$91$46$7
49 years$558$311$165$84$42$6
50 years$541$297$155$78$38$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $554,000, adding $4,431 every year, while hoping to spend $20,702 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: 51/33/16 Blend
50$554,000$554,000$554,000$554,000
51$615,079$585,717$577,130$643,542
52$655,790$592,390$574,437$670,244
53$699,960$598,696$570,960$696,727
54$747,919$604,596$566,651$725,064
55$800,033$610,047$561,459$755,435
56$856,700$615,003$555,332$788,042
57$918,362$619,417$548,214$823,106
58$985,503$623,236$540,047$860,872
59$1,058,657$626,407$530,771$901,611
60$1,138,410$628,872$520,322$945,623
61$1,225,409$630,568$508,634$993,237
62$1,320,365$631,429$495,637$1,044,821
63$1,424,060$631,387$481,259$1,100,777
64$1,537,356$630,367$465,423$1,161,552
65$1,661,201$628,290$448,050$1,227,638
66$1,796,640$625,073$429,056$1,299,579
67$1,944,823$620,628$408,356$1,377,978
68$2,107,016$614,859$385,856$1,463,497
69$2,284,613$607,669$361,464$1,556,871
70$2,479,149$598,950$335,078$1,658,910
71$2,692,315$588,592$306,597$1,770,507
72$2,925,974$576,475$275,910$1,892,651
73$3,182,175$562,474$242,905$2,026,432
74$3,463,179$546,457$207,464$2,173,054
75$3,771,471$528,282$169,462$2,333,846
76$4,109,794$507,800$128,772$2,510,276
77$4,481,165$484,855$85,258$2,703,963
78$4,888,909$459,278$38,779$2,916,694
79$5,336,690$430,894$0$3,150,444
80$5,828,540$399,516$0$3,409,238
81$6,368,907$364,948$0$3,700,816
82$6,962,684$326,979$0$4,021,231
83$7,615,268$285,392$0$4,373,438
84$8,332,601$239,951$0$4,760,697
85$9,121,230$190,412$0$5,186,601
86$9,988,368$136,515$0$5,655,115
87$10,941,963$77,985$0$6,170,610
88$11,990,770$14,533$0$6,737,907
89$13,144,436$0$0$7,362,321
90$14,413,590$0$0$8,069,376
91$15,809,943$0$0$8,853,167
92$17,346,398$0$0$9,715,667
93$19,037,173$0$0$10,664,865
94$20,897,932$0$0$11,709,565
95$22,945,937$0$0$12,859,467
96$25,200,204$0$0$14,125,257
97$27,681,692$0$0$15,518,713
98$30,413,489$0$0$17,052,811
99$33,421,040$0$0$18,741,849
100$36,732,381$0$0$20,601,583