Can I retire at age 51 with 557,000?

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 $557,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$45,997$45,587$45,187$44,797$44,416$42,891
2 years$22,771$22,346$21,935$21,537$21,150$19,630
3 years$15,030$14,604$14,194$13,799$13,419$11,950
4 years$11,160$10,735$10,329$9,941$9,570$8,165
5 years$8,839$8,417$8,016$7,636$7,275$5,936
6 years$7,292$6,873$6,478$6,107$5,757$4,486
7 years$6,187$5,772$5,383$5,021$4,682$3,478
8 years$5,359$4,947$4,566$4,212$3,884$2,747
9 years$4,715$4,308$3,932$3,587$3,271$2,200
10 years$4,201$3,797$3,428$3,092$2,787$1,779
11 years$3,780$3,380$3,018$2,691$2,397$1,451
12 years$3,429$3,034$2,679$2,361$2,077$1,190
13 years$3,133$2,742$2,393$2,084$1,811$981
14 years$2,879$2,492$2,150$1,850$1,588$812
15 years$2,660$2,277$1,941$1,650$1,398$675
16 years$2,468$2,089$1,760$1,477$1,236$562
17 years$2,298$1,924$1,602$1,327$1,095$469
18 years$2,148$1,778$1,462$1,196$974$392
19 years$2,014$1,647$1,338$1,081$868$328
20 years$1,893$1,531$1,228$979$775$275
21 years$1,784$1,426$1,130$888$694$231
22 years$1,685$1,331$1,041$808$622$194
23 years$1,595$1,245$962$736$558$163
24 years$1,512$1,166$889$671$502$137
25 years$1,436$1,095$824$613$452$116
26 years$1,366$1,029$764$560$407$97
27 years$1,301$968$709$513$367$82
28 years$1,241$912$659$470$331$69
29 years$1,186$861$614$431$299$58
30 years$1,134$813$572$395$270$49
31 years$1,085$768$533$363$244$41
32 years$1,040$727$497$334$221$35
33 years$998$689$464$307$200$29
34 years$958$653$434$282$181$25
35 years$920$619$406$260$164$21
36 years$885$587$379$239$148$18
37 years$851$558$355$221$135$15
38 years$820$530$332$203$122$13
39 years$790$504$312$187$111$11
40 years$762$480$292$173$100$9
41 years$735$457$274$160$91$8
42 years$709$435$257$147$83$6
43 years$685$414$241$136$75$5
44 years$662$395$226$125$68$5
45 years$640$377$212$116$62$4
46 years$619$359$199$107$56$3
47 years$599$343$187$99$51$3
48 years$580$327$176$91$46$2
49 years$561$313$166$84$42$2
50 years$544$299$156$78$38$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $557,000, adding $5,011 every year, while hoping to spend $33,016 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: 69/20/11 Blend
50$557,000$557,000$557,000$557,000
51$618,983$589,462$580,828$659,929
52$646,990$583,217$565,157$681,513
53$676,748$575,559$547,855$700,660
54$708,400$566,385$528,831$720,735
55$742,102$555,583$507,993$741,826
56$778,028$543,038$485,242$764,026
57$816,366$528,626$460,476$787,443
58$857,322$512,215$433,589$812,194
59$901,122$493,668$404,468$838,409
60$948,015$472,836$372,996$866,233
61$998,274$449,566$339,052$895,826
62$1,052,195$423,692$302,509$927,367
63$1,110,108$395,042$263,231$961,053
64$1,172,372$363,432$221,082$997,104
65$1,239,380$328,667$175,915$1,035,762
66$1,311,568$290,542$127,580$1,077,298
67$1,389,411$248,842$75,916$1,122,009
68$1,473,431$203,336$20,760$1,170,227
69$1,564,205$153,782$0$1,222,318
70$1,662,362$99,926$0$1,283,160
71$1,768,597$41,497$0$1,351,624
72$1,883,674$0$0$1,425,789
73$2,008,431$0$0$1,511,026
74$2,143,791$0$0$1,613,442
75$2,290,768$0$0$1,724,676
76$2,450,479$0$0$1,845,576
77$2,624,150$0$0$1,977,074
78$2,813,134$0$0$2,120,198
79$3,018,916$0$0$2,276,076
80$3,243,130$0$0$2,445,952
81$3,487,578$0$0$2,631,193
82$3,754,239$0$0$2,833,305
83$4,045,294$0$0$3,053,945
84$4,363,142$0$0$3,294,937
85$4,710,426$0$0$3,558,289
86$5,090,053$0$0$3,846,212
87$5,505,226$0$0$4,161,140
88$5,959,470$0$0$4,505,753
89$6,456,667$0$0$4,883,002
90$7,001,093$0$0$5,296,137
91$7,597,454$0$0$5,748,736
92$8,250,934$0$0$6,244,741
93$8,967,244$0$0$6,788,492
94$9,752,671$0$0$7,384,769
95$10,614,140$0$0$8,038,838
96$11,559,280$0$0$8,756,497
97$12,596,493$0$0$9,544,136
98$13,735,035$0$0$10,408,789
99$14,985,099$0$0$11,358,208
100$16,357,915$0$0$12,400,932