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%15.5%
1 years$46,079$45,669$45,268$44,877$44,496$43,491
2 years$22,811$22,387$21,975$21,576$21,188$20,181
3 years$15,057$14,630$14,219$13,824$13,443$12,465
4 years$11,180$10,755$10,348$9,959$9,588$8,647
5 years$8,854$8,432$8,030$7,650$7,288$6,387
6 years$7,305$6,885$6,490$6,117$5,767$4,906
7 years$6,198$5,782$5,393$5,030$4,690$3,870
8 years$5,369$4,956$4,574$4,219$3,891$3,111
9 years$4,724$4,315$3,939$3,594$3,277$2,536
10 years$4,208$3,804$3,434$3,098$2,792$2,090
11 years$3,787$3,386$3,024$2,696$2,401$1,737
12 years$3,436$3,039$2,683$2,365$2,081$1,454
13 years$3,139$2,747$2,397$2,088$1,814$1,223
14 years$2,885$2,497$2,154$1,853$1,591$1,034
15 years$2,665$2,281$1,945$1,653$1,400$877
16 years$2,472$2,093$1,763$1,480$1,238$746
17 years$2,303$1,927$1,605$1,330$1,097$637
18 years$2,152$1,781$1,465$1,198$976$544
19 years$2,017$1,650$1,341$1,083$870$466
20 years$1,896$1,534$1,231$981$777$400
21 years$1,787$1,429$1,132$890$695$344
22 years$1,688$1,333$1,043$809$623$295
23 years$1,597$1,247$963$737$559$254
24 years$1,515$1,169$891$672$503$219
25 years$1,439$1,097$825$614$452$189
26 years$1,369$1,031$765$561$408$163
27 years$1,304$970$711$514$367$141
28 years$1,244$914$661$471$332$121
29 years$1,188$862$615$432$299$105
30 years$1,136$814$573$396$271$91
31 years$1,087$770$534$364$245$78
32 years$1,042$728$498$334$221$68
33 years$999$690$465$307$200$59
34 years$959$654$435$283$181$51
35 years$922$620$406$260$164$44
36 years$886$589$380$240$149$38
37 years$853$559$356$221$135$33
38 years$821$531$333$204$122$28
39 years$791$505$312$188$111$25
40 years$763$481$293$173$101$21
41 years$736$457$274$160$91$18
42 years$710$436$257$148$83$16
43 years$686$415$241$136$75$14
44 years$663$396$227$126$68$12
45 years$641$377$213$116$62$10
46 years$620$360$200$107$56$9
47 years$600$344$188$99$51$8
48 years$581$328$176$92$46$7
49 years$562$313$166$85$42$6
50 years$545$299$156$78$38$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $558,000, adding $5,266 every year, while hoping to spend $42,628 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: 62/9/29 Blend
50$558,000$558,000$558,000$558,000
51$620,348$590,774$582,125$653,673
52$638,268$574,366$556,270$660,547
53$656,586$555,725$528,121$662,977
54$675,300$534,698$497,554$664,731
55$694,402$511,119$464,444$665,750
56$713,884$484,818$428,657$665,973
57$733,737$455,610$390,053$665,335
58$753,946$423,303$348,487$663,763
59$774,495$387,691$303,808$661,184
60$795,365$348,560$255,858$657,514
61$816,533$305,680$204,470$652,669
62$837,972$258,810$149,471$646,554
63$859,649$207,696$90,682$639,069
64$881,527$152,067$27,915$630,109
65$903,564$91,640$0$619,557
66$925,711$26,113$0$619,380
67$947,911$0$0$627,359
68$970,100$0$0$639,213
69$992,206$0$0$653,574
70$1,014,147$0$0$667,798
71$1,035,828$0$0$681,820
72$1,057,146$0$0$695,570
73$1,077,981$0$0$708,964
74$1,098,201$0$0$721,911
75$1,117,657$0$0$734,308
76$1,136,182$0$0$746,042
77$1,153,589$0$0$756,982
78$1,169,669$0$0$766,986
79$1,184,189$0$0$775,893
80$1,196,890$0$0$783,526
81$1,207,481$0$0$789,684
82$1,215,641$0$0$794,146
83$1,221,010$0$0$796,667
84$1,223,191$0$0$796,973
85$1,221,739$0$0$794,761
86$1,216,164$0$0$789,692
87$1,205,919$0$0$781,393
88$1,190,398$0$0$769,449
89$1,168,931$0$0$753,399
90$1,140,773$0$0$732,735
91$1,105,100$0$0$706,891
92$1,061,000$0$0$675,243
93$1,007,462$0$0$637,099
94$943,367$0$0$591,693
95$867,479$0$0$538,178
96$778,429$0$0$475,618
97$674,703$0$0$402,977
98$554,629$0$0$319,110
99$416,357$0$0$222,753
100$257,843$0$0$112,506