Can I retire at age 51 with 557,000?

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 $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%13.7%
1 years$45,997$45,587$45,187$44,797$44,416$43,734
2 years$22,771$22,346$21,935$21,537$21,150$20,465
3 years$15,030$14,604$14,194$13,799$13,419$12,751
4 years$11,160$10,735$10,329$9,941$9,570$8,926
5 years$8,839$8,417$8,016$7,636$7,275$6,656
6 years$7,292$6,873$6,478$6,107$5,757$5,163
7 years$6,187$5,772$5,383$5,021$4,682$4,114
8 years$5,359$4,947$4,566$4,212$3,884$3,341
9 years$4,715$4,308$3,932$3,587$3,271$2,754
10 years$4,201$3,797$3,428$3,092$2,787$2,295
11 years$3,780$3,380$3,018$2,691$2,397$1,929
12 years$3,429$3,034$2,679$2,361$2,077$1,633
13 years$3,133$2,742$2,393$2,084$1,811$1,391
14 years$2,879$2,492$2,150$1,850$1,588$1,190
15 years$2,660$2,277$1,941$1,650$1,398$1,022
16 years$2,468$2,089$1,760$1,477$1,236$881
17 years$2,298$1,924$1,602$1,327$1,095$761
18 years$2,148$1,778$1,462$1,196$974$659
19 years$2,014$1,647$1,338$1,081$868$572
20 years$1,893$1,531$1,228$979$775$498
21 years$1,784$1,426$1,130$888$694$433
22 years$1,685$1,331$1,041$808$622$378
23 years$1,595$1,245$962$736$558$330
24 years$1,512$1,166$889$671$502$288
25 years$1,436$1,095$824$613$452$252
26 years$1,366$1,029$764$560$407$221
27 years$1,301$968$709$513$367$193
28 years$1,241$912$659$470$331$169
29 years$1,186$861$614$431$299$148
30 years$1,134$813$572$395$270$130
31 years$1,085$768$533$363$244$114
32 years$1,040$727$497$334$221$100
33 years$998$689$464$307$200$88
34 years$958$653$434$282$181$77
35 years$920$619$406$260$164$68
36 years$885$587$379$239$148$59
37 years$851$558$355$221$135$52
38 years$820$530$332$203$122$46
39 years$790$504$312$187$111$40
40 years$762$480$292$173$100$35
41 years$735$457$274$160$91$31
42 years$709$435$257$147$83$27
43 years$685$414$241$136$75$24
44 years$662$395$226$125$68$21
45 years$640$377$212$116$62$19
46 years$619$359$199$107$56$16
47 years$599$343$187$99$51$14
48 years$580$327$176$91$46$13
49 years$561$313$166$84$42$11
50 years$544$299$156$78$38$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $557,000, adding $4,566 every year, while hoping to spend $34,214 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: 68/14/18 Blend
50$557,000$557,000$557,000$557,000
51$618,524$589,003$580,369$657,577
52$645,210$581,461$563,408$676,693
53$673,471$572,402$544,732$693,160
54$703,432$561,717$524,248$710,329
55$735,229$549,288$501,857$728,266
56$769,011$534,991$477,458$747,046
57$804,940$518,696$450,943$766,751
58$843,195$500,263$422,201$787,474
59$883,971$479,546$391,114$809,318
60$927,482$456,389$357,562$832,398
61$973,960$430,628$321,416$856,840
62$1,023,664$402,088$282,543$882,788
63$1,076,874$370,587$240,804$910,399
64$1,133,898$335,929$196,054$939,848
65$1,195,075$297,908$148,141$971,332
66$1,260,776$256,309$96,907$1,005,066
67$1,331,408$210,901$42,187$1,041,293
68$1,407,419$161,442$0$1,080,278
69$1,489,299$107,677$0$1,125,434
70$1,577,588$49,334$0$1,182,824
71$1,672,879$0$0$1,244,741
72$1,775,822$0$0$1,313,764
73$1,887,133$0$0$1,396,642
74$2,007,599$0$0$1,486,363
75$2,138,083$0$0$1,583,574
76$2,279,537$0$0$1,688,987
77$2,433,005$0$0$1,803,385
78$2,599,637$0$0$1,927,628
79$2,780,696$0$0$2,062,663
80$2,977,575$0$0$2,209,532
81$3,191,803$0$0$2,369,381
82$3,425,063$0$0$2,543,470
83$3,679,208$0$0$2,733,188
84$3,956,277$0$0$2,940,060
85$4,258,513$0$0$3,165,769
86$4,588,386$0$0$3,412,163
87$4,948,615$0$0$3,681,279
88$5,342,192$0$0$3,975,358
89$5,772,411$0$0$4,296,869
90$6,242,900$0$0$4,648,530
91$6,757,653$0$0$5,033,331
92$7,321,066$0$0$5,454,567
93$7,937,983$0$0$5,915,866
94$8,613,736$0$0$6,421,223
95$9,354,197$0$0$6,975,038
96$10,165,834$0$0$7,582,156
97$11,055,769$0$0$8,247,912
98$12,031,848$0$0$8,978,186
99$13,102,711$0$0$9,779,451
100$14,277,876$0$0$10,658,838