Can I retire at age 51 with 558,000?

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 $558,000?

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$46,079$45,669$45,268$44,877$44,496$43,367
2 years$22,811$22,387$21,975$21,576$21,188$20,059
3 years$15,057$14,630$14,219$13,824$13,443$12,347
4 years$11,180$10,755$10,348$9,959$9,588$8,535
5 years$8,854$8,432$8,030$7,650$7,288$6,281
6 years$7,305$6,885$6,490$6,117$5,767$4,806
7 years$6,198$5,782$5,393$5,030$4,690$3,776
8 years$5,369$4,956$4,574$4,219$3,891$3,023
9 years$4,724$4,315$3,939$3,594$3,277$2,454
10 years$4,208$3,804$3,434$3,098$2,792$2,014
11 years$3,787$3,386$3,024$2,696$2,401$1,667
12 years$3,436$3,039$2,683$2,365$2,081$1,388
13 years$3,139$2,747$2,397$2,088$1,814$1,163
14 years$2,885$2,497$2,154$1,853$1,591$978
15 years$2,665$2,281$1,945$1,653$1,400$826
16 years$2,472$2,093$1,763$1,480$1,238$699
17 years$2,303$1,927$1,605$1,330$1,097$593
18 years$2,152$1,781$1,465$1,198$976$505
19 years$2,017$1,650$1,341$1,083$870$430
20 years$1,896$1,534$1,231$981$777$367
21 years$1,787$1,429$1,132$890$695$314
22 years$1,688$1,333$1,043$809$623$268
23 years$1,597$1,247$963$737$559$230
24 years$1,515$1,169$891$672$503$197
25 years$1,439$1,097$825$614$452$169
26 years$1,369$1,031$765$561$408$145
27 years$1,304$970$711$514$367$124
28 years$1,244$914$661$471$332$107
29 years$1,188$862$615$432$299$91
30 years$1,136$814$573$396$271$79
31 years$1,087$770$534$364$245$68
32 years$1,042$728$498$334$221$58
33 years$999$690$465$307$200$50
34 years$959$654$435$283$181$43
35 years$922$620$406$260$164$37
36 years$886$589$380$240$149$32
37 years$853$559$356$221$135$27
38 years$821$531$333$204$122$23
39 years$791$505$312$188$111$20
40 years$763$481$293$173$101$17
41 years$736$457$274$160$91$15
42 years$710$436$257$148$83$13
43 years$686$415$241$136$75$11
44 years$663$396$227$126$68$10
45 years$641$377$213$116$62$8
46 years$620$360$200$107$56$7
47 years$600$344$188$99$51$6
48 years$581$328$176$92$46$5
49 years$562$313$166$85$42$4
50 years$545$299$156$78$38$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $558,000, adding $2,342 every year, while hoping to spend $34,381 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: 36/45/19 Blend
50$558,000$558,000$558,000$558,000
51$617,332$587,758$579,109$635,918
52$643,718$579,977$561,928$641,880
53$671,644$570,662$543,019$644,924
54$701,230$559,703$522,288$647,494
55$732,607$546,980$499,637$649,568
56$765,921$532,369$474,962$651,124
57$801,327$515,738$448,156$652,141
58$839,000$496,947$419,106$652,599
59$879,127$475,846$387,695$652,481
60$921,916$452,280$353,801$651,769
61$967,592$426,082$317,294$650,450
62$1,016,403$397,078$278,040$648,515
63$1,068,623$365,081$235,901$645,954
64$1,124,547$329,895$190,729$642,767
65$1,184,505$291,313$142,372$638,954
66$1,248,853$249,116$90,670$634,523
67$1,317,986$203,073$35,457$629,489
68$1,392,336$152,939$0$623,873
69$1,472,377$98,456$0$622,464
70$1,558,629$39,350$0$628,525
71$1,651,666$0$0$634,952
72$1,752,115$0$0$654,063
73$1,860,667$0$0$695,836
74$1,978,082$0$0$741,083
75$2,105,193$0$0$790,135
76$2,242,918$0$0$843,355
77$2,392,264$0$0$901,140
78$2,554,343$0$0$963,931
79$2,730,372$0$0$1,032,208
80$2,921,695$0$0$1,106,503
81$3,129,786$0$0$1,187,401
82$3,356,269$0$0$1,275,542
83$3,602,933$0$0$1,371,636
84$3,871,742$0$0$1,476,460
85$4,164,861$0$0$1,590,871
86$4,484,672$0$0$1,715,812
87$4,833,796$0$0$1,852,320
88$5,215,118$0$0$2,001,540
89$5,631,816$0$0$2,164,730
90$6,087,387$0$0$2,343,274
91$6,585,682$0$0$2,538,698
92$7,130,940$0$0$2,752,683
93$7,727,831$0$0$2,987,078
94$8,381,494$0$0$3,243,920
95$9,097,592$0$0$3,525,453
96$9,882,360$0$0$3,834,148
97$10,742,663$0$0$4,172,727
98$11,686,065$0$0$4,544,186
99$12,720,895$0$0$4,951,829
100$13,856,328$0$0$5,399,291