Can I retire at age 51 with 561,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%13.3%
1 years$46,327$45,914$45,512$45,119$44,735$44,121
2 years$22,934$22,507$22,093$21,692$21,302$20,685
3 years$15,138$14,709$14,296$13,898$13,515$12,913
4 years$11,240$10,812$10,404$10,013$9,639$9,058
5 years$8,902$8,477$8,074$7,691$7,327$6,768
6 years$7,344$6,922$6,525$6,150$5,798$5,261
7 years$6,232$5,813$5,422$5,057$4,715$4,201
8 years$5,398$4,983$4,598$4,242$3,912$3,421
9 years$4,749$4,339$3,961$3,613$3,294$2,826
10 years$4,231$3,824$3,453$3,115$2,807$2,361
11 years$3,807$3,404$3,040$2,711$2,414$1,990
12 years$3,454$3,056$2,698$2,378$2,092$1,689
13 years$3,156$2,761$2,410$2,099$1,824$1,442
14 years$2,900$2,510$2,166$1,863$1,599$1,237
15 years$2,679$2,293$1,955$1,662$1,408$1,065
16 years$2,485$2,104$1,773$1,488$1,244$921
17 years$2,315$1,938$1,613$1,337$1,103$798
18 years$2,164$1,790$1,473$1,205$981$693
19 years$2,028$1,659$1,348$1,089$874$603
20 years$1,907$1,542$1,237$986$781$526
21 years$1,797$1,436$1,138$895$699$460
22 years$1,697$1,341$1,049$814$627$402
23 years$1,606$1,254$968$741$562$352
24 years$1,523$1,175$896$676$505$308
25 years$1,446$1,102$830$617$455$271
26 years$1,376$1,036$769$564$410$238
27 years$1,311$975$714$517$369$209
28 years$1,250$919$664$473$333$183
29 years$1,194$867$618$434$301$161
30 years$1,142$819$576$398$272$142
31 years$1,093$774$537$366$246$125
32 years$1,047$732$501$336$222$110
33 years$1,005$693$468$309$201$97
34 years$964$657$437$284$182$85
35 years$927$623$408$262$165$75
36 years$891$592$382$241$150$66
37 years$857$562$358$222$136$58
38 years$826$534$335$205$123$51
39 years$795$508$314$189$111$45
40 years$767$483$294$174$101$40
41 years$740$460$276$161$92$35
42 years$714$438$259$148$83$31
43 years$690$417$243$137$76$27
44 years$667$398$228$126$69$24
45 years$644$379$214$117$62$21
46 years$623$362$201$108$56$19
47 years$603$345$189$100$51$17
48 years$584$330$177$92$47$15
49 years$565$315$167$85$42$13
50 years$548$301$157$79$38$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $561,000, adding $3,098 every year, while hoping to spend $37,981 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: 32/46/22 Blend
50$561,000$561,000$561,000$561,000
51$621,418$591,685$582,989$637,003
52$644,391$580,266$562,108$637,573
53$668,434$567,014$539,254$634,541
54$693,617$551,800$514,321$630,494
55$720,014$534,487$487,199$625,366
56$747,706$514,928$457,771$619,089
57$776,782$492,969$425,917$611,594
58$807,337$468,448$391,508$602,806
59$839,476$441,192$354,414$592,649
60$873,311$411,019$314,495$581,044
61$908,966$377,736$271,608$567,907
62$946,574$341,139$225,601$553,155
63$986,283$301,013$176,317$536,698
64$1,028,252$257,131$123,591$518,447
65$1,072,655$209,251$67,253$498,307
66$1,119,681$157,120$7,121$476,182
67$1,169,540$100,470$0$451,974
68$1,222,456$39,016$0$438,974
69$1,278,680$0$0$426,340
70$1,338,481$0$0$426,283
71$1,402,158$0$0$447,298
72$1,470,035$0$0$469,748
73$1,542,468$0$0$493,759
74$1,619,848$0$0$519,466
75$1,702,603$0$0$547,018
76$1,791,200$0$0$576,579
77$1,886,155$0$0$608,329
78$1,988,031$0$0$642,466
79$2,097,447$0$0$679,204
80$2,215,083$0$0$718,784
81$2,341,684$0$0$761,465
82$2,478,070$0$0$807,534
83$2,625,139$0$0$857,307
84$2,783,879$0$0$911,130
85$2,955,377$0$0$969,383
86$3,140,825$0$0$1,032,487
87$3,341,535$0$0$1,100,900
88$3,558,949$0$0$1,175,128
89$3,794,650$0$0$1,255,729
90$4,050,383$0$0$1,343,315
91$4,328,064$0$0$1,438,558
92$4,629,802$0$0$1,542,201
93$4,957,915$0$0$1,655,057
94$5,314,956$0$0$1,778,025
95$5,703,732$0$0$1,912,092
96$6,127,333$0$0$2,058,343
97$6,589,158$0$0$2,217,976
98$7,092,950$0$0$2,392,306
99$7,642,828$0$0$2,582,783
100$8,243,324$0$0$2,791,002