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%18.9%
1 years$45,997$45,587$45,187$44,797$44,416$42,823
2 years$22,771$22,346$21,935$21,537$21,150$19,563
3 years$15,030$14,604$14,194$13,799$13,419$11,886
4 years$11,160$10,735$10,329$9,941$9,570$8,105
5 years$8,839$8,417$8,016$7,636$7,275$5,880
6 years$7,292$6,873$6,478$6,107$5,757$4,434
7 years$6,187$5,772$5,383$5,021$4,682$3,430
8 years$5,359$4,947$4,566$4,212$3,884$2,703
9 years$4,715$4,308$3,932$3,587$3,271$2,159
10 years$4,201$3,797$3,428$3,092$2,787$1,742
11 years$3,780$3,380$3,018$2,691$2,397$1,416
12 years$3,429$3,034$2,679$2,361$2,077$1,159
13 years$3,133$2,742$2,393$2,084$1,811$953
14 years$2,879$2,492$2,150$1,850$1,588$787
15 years$2,660$2,277$1,941$1,650$1,398$652
16 years$2,468$2,089$1,760$1,477$1,236$541
17 years$2,298$1,924$1,602$1,327$1,095$450
18 years$2,148$1,778$1,462$1,196$974$375
19 years$2,014$1,647$1,338$1,081$868$313
20 years$1,893$1,531$1,228$979$775$262
21 years$1,784$1,426$1,130$888$694$219
22 years$1,685$1,331$1,041$808$622$184
23 years$1,595$1,245$962$736$558$154
24 years$1,512$1,166$889$671$502$129
25 years$1,436$1,095$824$613$452$108
26 years$1,366$1,029$764$560$407$91
27 years$1,301$968$709$513$367$76
28 years$1,241$912$659$470$331$64
29 years$1,186$861$614$431$299$54
30 years$1,134$813$572$395$270$45
31 years$1,085$768$533$363$244$38
32 years$1,040$727$497$334$221$32
33 years$998$689$464$307$200$27
34 years$958$653$434$282$181$23
35 years$920$619$406$260$164$19
36 years$885$587$379$239$148$16
37 years$851$558$355$221$135$13
38 years$820$530$332$203$122$11
39 years$790$504$312$187$111$9
40 years$762$480$292$173$100$8
41 years$735$457$274$160$91$7
42 years$709$435$257$147$83$6
43 years$685$414$241$136$75$5
44 years$662$395$226$125$68$4
45 years$640$377$212$116$62$3
46 years$619$359$199$107$56$3
47 years$599$343$187$99$51$2
48 years$580$327$176$91$46$2
49 years$561$313$166$84$42$2
50 years$544$299$156$78$38$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $557,000, adding $2,645 every year, while hoping to spend $39,606 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: 79/9/12 Blend
50$557,000$557,000$557,000$557,000
51$616,542$587,021$578,388$663,659
52$637,289$573,645$555,623$681,628
53$658,825$558,286$530,769$695,962
54$681,188$540,804$503,712$710,547
55$704,419$521,054$474,337$725,390
56$728,564$498,880$442,521$740,500
57$753,668$474,116$408,137$755,887
58$779,783$446,588$371,050$771,562
59$806,963$416,113$331,122$787,537
60$835,266$382,495$288,207$803,828
61$864,754$345,528$242,153$820,449
62$895,496$304,996$192,802$837,421
63$927,563$260,667$139,987$854,764
64$961,033$212,299$83,536$872,502
65$995,992$159,635$23,268$890,661
66$1,032,530$102,404$0$909,273
67$1,070,746$40,320$0$933,627
68$1,110,746$0$0$962,028
69$1,152,645$0$0$994,230
70$1,196,570$0$0$1,032,179
71$1,242,655$0$0$1,071,999
72$1,291,047$0$0$1,113,819
73$1,341,908$0$0$1,157,777
74$1,395,410$0$0$1,204,026
75$1,451,743$0$0$1,252,728
76$1,511,113$0$0$1,304,064
77$1,573,745$0$0$1,358,228
78$1,639,882$0$0$1,415,434
79$1,709,793$0$0$1,475,912
80$1,783,768$0$0$1,539,916
81$1,862,125$0$0$1,607,722
82$1,945,211$0$0$1,679,633
83$2,033,406$0$0$1,755,979
84$2,127,126$0$0$1,837,120
85$2,226,823$0$0$1,923,451
86$2,332,996$0$0$2,015,405
87$2,446,188$0$0$2,113,454
88$2,566,995$0$0$2,218,118
89$2,696,071$0$0$2,329,964
90$2,834,130$0$0$2,449,614
91$2,981,958$0$0$2,577,752
92$3,140,414$0$0$2,715,125
93$3,310,444$0$0$2,862,555
94$3,493,082$0$0$3,020,944
95$3,689,466$0$0$3,191,280
96$3,900,844$0$0$3,374,649
97$4,128,587$0$0$3,572,245
98$4,374,200$0$0$3,785,377
99$4,639,337$0$0$4,015,485
100$4,925,816$0$0$4,264,150