Can I retire at age 51 with 559,000?

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 $559,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$46,162$45,751$45,349$44,958$44,575$42,841
2 years$22,852$22,427$22,014$21,614$21,226$19,500
3 years$15,084$14,656$14,245$13,849$13,467$11,802
4 years$11,200$10,774$10,366$9,977$9,605$8,015
5 years$8,870$8,447$8,045$7,663$7,301$5,791
6 years$7,318$6,897$6,501$6,128$5,777$4,347
7 years$6,209$5,792$5,403$5,039$4,698$3,348
8 years$5,378$4,965$4,582$4,227$3,898$2,625
9 years$4,732$4,323$3,946$3,600$3,283$2,087
10 years$4,216$3,811$3,441$3,103$2,797$1,675
11 years$3,793$3,392$3,029$2,701$2,405$1,355
12 years$3,442$3,045$2,688$2,369$2,084$1,103
13 years$3,144$2,752$2,402$2,092$1,818$902
14 years$2,890$2,501$2,158$1,857$1,593$741
15 years$2,669$2,285$1,948$1,656$1,403$610
16 years$2,477$2,096$1,766$1,483$1,240$503
17 years$2,307$1,931$1,607$1,332$1,099$417
18 years$2,156$1,784$1,467$1,200$978$345
19 years$2,021$1,653$1,343$1,085$871$286
20 years$1,900$1,536$1,233$982$778$238
21 years$1,790$1,431$1,134$892$696$198
22 years$1,691$1,336$1,045$811$624$165
23 years$1,600$1,249$965$738$560$137
24 years$1,517$1,171$892$673$504$114
25 years$1,441$1,099$827$615$453$95
26 years$1,371$1,032$767$562$408$79
27 years$1,306$972$712$515$368$66
28 years$1,246$916$662$472$332$55
29 years$1,190$864$616$432$300$46
30 years$1,138$816$574$397$271$39
31 years$1,089$771$535$364$245$32
32 years$1,044$730$499$335$222$27
33 years$1,001$691$466$308$201$22
34 years$961$655$435$283$182$19
35 years$923$621$407$261$164$16
36 years$888$590$381$240$149$13
37 years$854$560$356$221$135$11
38 years$823$532$334$204$122$9
39 years$793$506$313$188$111$8
40 years$764$481$293$174$101$6
41 years$737$458$275$160$91$5
42 years$712$436$258$148$83$4
43 years$687$416$242$136$75$4
44 years$664$396$227$126$68$3
45 years$642$378$213$116$62$3
46 years$621$361$200$107$56$2
47 years$601$344$188$99$51$2
48 years$582$329$177$92$46$2
49 years$563$314$166$85$42$1
50 years$546$300$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 $559,000, adding $2,907 every year, while hoping to spend $36,524 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: 65/17/18 Blend
50$559,000$559,000$559,000$559,000
51$619,017$589,390$580,725$656,298
52$643,295$579,408$561,318$671,675
53$668,826$567,714$540,037$684,017
54$695,698$554,184$516,780$696,628
55$724,009$538,688$491,442$709,535
56$753,863$521,090$463,911$722,768
57$785,378$501,244$434,072$736,364
58$818,677$478,995$401,804$750,361
59$853,898$454,182$366,981$764,805
60$891,191$426,633$329,470$779,750
61$930,719$396,164$289,134$795,253
62$972,660$362,584$245,828$811,382
63$1,017,210$325,690$199,402$828,212
64$1,064,583$285,265$149,699$845,829
65$1,115,011$241,085$96,555$864,329
66$1,168,752$192,907$39,798$883,820
67$1,226,084$140,478$0$904,427
68$1,287,314$83,532$0$930,274
69$1,352,780$21,784$0$965,943
70$1,422,849$0$0$1,003,994
71$1,497,925$0$0$1,053,090
72$1,578,453$0$0$1,110,146
73$1,664,919$0$0$1,171,435
74$1,757,856$0$0$1,237,340
75$1,857,850$0$0$1,308,279
76$1,965,546$0$0$1,384,713
77$2,081,650$0$0$1,467,147
78$2,206,939$0$0$1,556,137
79$2,342,266$0$0$1,652,294
80$2,488,567$0$0$1,756,287
81$2,646,874$0$0$1,868,855
82$2,818,320$0$0$1,990,808
83$3,004,149$0$0$2,123,037
84$3,205,731$0$0$2,266,521
85$3,424,572$0$0$2,422,340
86$3,662,328$0$0$2,591,678
87$3,920,821$0$0$2,775,840
88$4,202,056$0$0$2,976,261
89$4,508,238$0$0$3,194,518
90$4,841,795$0$0$3,432,351
91$5,205,396$0$0$3,691,670
92$5,601,982$0$0$3,974,580
93$6,034,786$0$0$4,283,397
94$6,507,371$0$0$4,620,671
95$7,023,656$0$0$4,989,209
96$7,587,957$0$0$5,392,100
97$8,205,026$0$0$5,832,746
98$8,880,092$0$0$6,314,895
99$9,618,918$0$0$6,842,669
100$10,427,845$0$0$7,420,611