Can I retire at age 51 with 561,000?

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 $561,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$46,327$45,914$45,512$45,119$44,735$44,434
2 years$22,934$22,507$22,093$21,692$21,302$20,999
3 years$15,138$14,709$14,296$13,898$13,515$13,219
4 years$11,240$10,812$10,404$10,013$9,639$9,352
5 years$8,902$8,477$8,074$7,691$7,327$7,050
6 years$7,344$6,922$6,525$6,150$5,798$5,531
7 years$6,232$5,813$5,422$5,057$4,715$4,459
8 years$5,398$4,983$4,598$4,242$3,912$3,666
9 years$4,749$4,339$3,961$3,613$3,294$3,059
10 years$4,231$3,824$3,453$3,115$2,807$2,581
11 years$3,807$3,404$3,040$2,711$2,414$2,199
12 years$3,454$3,056$2,698$2,378$2,092$1,887
13 years$3,156$2,761$2,410$2,099$1,824$1,628
14 years$2,900$2,510$2,166$1,863$1,599$1,413
15 years$2,679$2,293$1,955$1,662$1,408$1,231
16 years$2,485$2,104$1,773$1,488$1,244$1,076
17 years$2,315$1,938$1,613$1,337$1,103$944
18 years$2,164$1,790$1,473$1,205$981$830
19 years$2,028$1,659$1,348$1,089$874$731
20 years$1,907$1,542$1,237$986$781$646
21 years$1,797$1,436$1,138$895$699$571
22 years$1,697$1,341$1,049$814$627$506
23 years$1,606$1,254$968$741$562$449
24 years$1,523$1,175$896$676$505$399
25 years$1,446$1,102$830$617$455$354
26 years$1,376$1,036$769$564$410$315
27 years$1,311$975$714$517$369$281
28 years$1,250$919$664$473$333$250
29 years$1,194$867$618$434$301$223
30 years$1,142$819$576$398$272$199
31 years$1,093$774$537$366$246$178
32 years$1,047$732$501$336$222$159
33 years$1,005$693$468$309$201$142
34 years$964$657$437$284$182$127
35 years$927$623$408$262$165$113
36 years$891$592$382$241$150$101
37 years$857$562$358$222$136$90
38 years$826$534$335$205$123$81
39 years$795$508$314$189$111$72
40 years$767$483$294$174$101$65
41 years$740$460$276$161$92$58
42 years$714$438$259$148$83$52
43 years$690$417$243$137$76$46
44 years$667$398$228$126$69$42
45 years$644$379$214$117$62$37
46 years$623$362$201$108$56$33
47 years$603$345$189$100$51$30
48 years$584$330$177$92$47$27
49 years$565$315$167$85$42$24
50 years$548$301$157$79$38$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $561,000, adding $3,078 every year, while hoping to spend $35,874 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: 81/8/11 Blend
50$561,000$561,000$561,000$561,000
51$621,397$591,664$582,968$670,312
52$646,610$582,486$564,328$693,659
53$673,192$571,656$543,861$714,259
54$701,245$559,055$521,468$735,809
55$730,881$544,557$497,046$758,384
56$762,220$528,029$470,486$782,071
57$795,394$509,330$441,675$806,961
58$830,548$488,311$410,495$833,158
59$867,839$464,814$376,822$860,776
60$907,440$438,671$340,527$889,939
61$949,540$409,707$301,475$920,787
62$994,344$377,734$259,526$953,471
63$1,042,079$342,554$214,532$988,161
64$1,092,991$303,960$166,339$1,025,041
65$1,147,353$261,730$114,788$1,064,318
66$1,205,459$215,631$59,710$1,106,217
67$1,267,637$165,418$930$1,150,989
68$1,334,242$110,829$0$1,198,910
69$1,405,665$51,591$0$1,257,537
70$1,482,337$0$0$1,320,543
71$1,564,728$0$0$1,389,319
72$1,653,356$0$0$1,468,198
73$1,748,788$0$0$1,553,142
74$1,851,648$0$0$1,644,709
75$1,962,621$0$0$1,743,510
76$2,082,460$0$0$1,850,217
77$2,211,991$0$0$1,965,567
78$2,352,123$0$0$2,090,372
79$2,503,856$0$0$2,225,523
80$2,668,288$0$0$2,372,000
81$2,846,627$0$0$2,530,881
82$3,040,201$0$0$2,703,351
83$3,250,470$0$0$2,890,715
84$3,479,043$0$0$3,094,406
85$3,727,686$0$0$3,316,001
86$3,998,345$0$0$3,557,238
87$4,293,160$0$0$3,820,025
88$4,614,486$0$0$4,106,464
89$4,964,915$0$0$4,418,870
90$5,347,299$0$0$4,759,787
91$5,764,780$0$0$5,132,020
92$6,220,814$0$0$5,538,652
93$6,719,206$0$0$5,983,080
94$7,264,146$0$0$6,469,044
95$7,860,247$0$0$7,000,661
96$8,512,588$0$0$7,582,463
97$9,226,761$0$0$8,219,443
98$10,008,925$0$0$8,917,097
99$10,865,862$0$0$9,681,478
100$11,805,042$0$0$10,519,254