Can I retire at age 51 with 563,000?

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 $563,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$46,492$46,078$45,674$45,279$44,894$44,705
2 years$23,016$22,587$22,172$21,769$21,378$21,187
3 years$15,191$14,761$14,347$13,948$13,563$13,376
4 years$11,280$10,851$10,441$10,048$9,673$9,492
5 years$8,934$8,507$8,102$7,718$7,354$7,178
6 years$7,370$6,947$6,548$6,172$5,819$5,650
7 years$6,254$5,834$5,441$5,075$4,732$4,570
8 years$5,417$5,001$4,615$4,257$3,926$3,770
9 years$4,766$4,354$3,975$3,626$3,306$3,156
10 years$4,246$3,838$3,465$3,126$2,817$2,673
11 years$3,821$3,417$3,051$2,720$2,423$2,285
12 years$3,466$3,067$2,707$2,386$2,099$1,968
13 years$3,167$2,771$2,419$2,106$1,831$1,706
14 years$2,910$2,519$2,173$1,870$1,605$1,485
15 years$2,688$2,301$1,962$1,668$1,413$1,299
16 years$2,494$2,111$1,779$1,493$1,249$1,141
17 years$2,323$1,944$1,619$1,342$1,107$1,005
18 years$2,171$1,797$1,478$1,209$985$887
19 years$2,036$1,665$1,353$1,092$878$785
20 years$1,913$1,547$1,242$989$784$696
21 years$1,803$1,441$1,142$898$701$619
22 years$1,703$1,345$1,053$816$629$550
23 years$1,612$1,258$972$744$564$490
24 years$1,528$1,179$899$678$507$438
25 years$1,452$1,106$832$619$456$391
26 years$1,381$1,040$772$566$411$349
27 years$1,315$979$717$518$371$312
28 years$1,255$922$666$475$335$280
29 years$1,198$870$620$436$302$251
30 years$1,146$822$578$400$273$225
31 years$1,097$777$539$367$247$201
32 years$1,051$735$503$337$223$181
33 years$1,008$696$469$310$202$162
34 years$968$660$438$285$183$146
35 years$930$626$410$263$166$131
36 years$894$594$383$242$150$118
37 years$860$564$359$223$136$106
38 years$829$536$336$206$123$95
39 years$798$510$315$190$112$85
40 years$770$485$295$175$101$77
41 years$743$462$277$161$92$69
42 years$717$440$260$149$84$62
43 years$692$419$244$137$76$56
44 years$669$399$229$127$69$50
45 years$647$381$215$117$62$45
46 years$625$363$202$108$57$41
47 years$605$347$189$100$51$37
48 years$586$331$178$92$47$33
49 years$567$316$167$85$42$30
50 years$550$302$157$79$39$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $563,000, adding $2,771 every year, while hoping to spend $24,839 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: 63/8/29 Blend
50$563,000$563,000$563,000$563,000
51$623,284$593,445$584,719$657,550
52$660,431$596,096$577,878$683,792
53$700,534$598,043$569,976$709,494
54$743,868$599,228$560,951$737,041
55$790,738$599,584$550,737$766,618
56$841,474$599,045$539,268$798,430
57$896,442$597,536$526,471$832,705
58$956,046$594,982$512,275$869,691
59$1,020,726$591,299$496,599$909,667
60$1,090,969$586,402$479,364$952,938
61$1,167,310$580,198$460,485$999,843
62$1,250,337$572,590$439,873$1,050,755
63$1,340,698$563,473$417,435$1,106,087
64$1,439,105$552,739$393,075$1,166,296
65$1,546,341$540,270$366,691$1,231,886
66$1,663,269$525,945$338,176$1,303,413
67$1,790,840$509,633$307,422$1,381,494
68$1,930,096$491,196$274,312$1,466,806
69$2,082,189$470,488$238,725$1,560,101
70$2,248,386$447,355$200,535$1,662,208
71$2,430,080$421,634$159,611$1,774,039
72$2,628,805$393,152$115,816$1,896,607
73$2,846,253$361,726$69,005$2,031,026
74$3,084,283$327,163$19,029$2,178,526
75$3,344,946$289,260$0$2,340,468
76$3,630,497$247,800$0$2,528,964
77$3,943,422$202,557$0$2,742,030
78$4,286,458$153,289$0$2,975,650
79$4,662,619$99,742$0$3,231,896
80$5,075,225$41,648$0$3,513,050
81$5,527,933$0$0$3,821,626
82$6,024,770$0$0$4,162,269
83$6,570,174$0$0$4,540,276
84$7,169,032$0$0$4,955,373
85$7,826,728$0$0$5,411,298
86$8,549,192$0$0$5,912,168
87$9,342,957$0$0$6,462,517
88$10,215,222$0$0$7,067,342
89$11,173,915$0$0$7,732,146
90$12,227,772$0$0$8,462,995
91$13,386,417$0$0$9,266,569
92$14,660,454$0$0$10,150,229
93$16,061,564$0$0$11,122,083
94$17,602,618$0$0$12,191,068
95$19,297,796$0$0$13,367,026
96$21,162,724$0$0$14,660,805
97$23,214,617$0$0$16,084,355
98$25,472,440$0$0$17,650,845
99$27,957,095$0$0$19,374,781
100$30,691,608$0$0$21,272,151