Can I retire at age 51 with 564,000?

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 $564,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$46,575$46,160$45,755$45,360$44,974$44,560
2 years$23,057$22,627$22,211$21,808$21,416$20,999
3 years$15,218$14,787$14,372$13,972$13,587$13,180
4 years$11,300$10,870$10,459$10,066$9,691$9,296
5 years$8,950$8,522$8,117$7,732$7,367$6,986
6 years$7,383$6,959$6,560$6,183$5,829$5,463
7 years$6,265$5,844$5,451$5,084$4,741$4,390
8 years$5,426$5,010$4,623$4,265$3,933$3,597
9 years$4,775$4,362$3,982$3,632$3,312$2,990
10 years$4,253$3,845$3,471$3,131$2,822$2,515
11 years$3,827$3,423$3,056$2,725$2,427$2,134
12 years$3,473$3,072$2,712$2,390$2,103$1,824
13 years$3,173$2,776$2,423$2,110$1,834$1,569
14 years$2,916$2,524$2,177$1,873$1,608$1,355
15 years$2,693$2,305$1,966$1,671$1,416$1,176
16 years$2,499$2,115$1,782$1,496$1,251$1,024
17 years$2,327$1,948$1,622$1,344$1,109$895
18 years$2,175$1,800$1,480$1,211$986$783
19 years$2,039$1,668$1,355$1,094$879$687
20 years$1,917$1,550$1,244$991$785$604
21 years$1,806$1,444$1,144$900$703$532
22 years$1,706$1,348$1,054$818$630$469
23 years$1,615$1,261$974$745$565$414
24 years$1,531$1,181$900$679$508$366
25 years$1,454$1,108$834$620$457$324
26 years$1,383$1,042$773$567$412$287
27 years$1,318$980$718$519$371$254
28 years$1,257$924$668$476$335$226
29 years$1,201$871$621$436$303$200
30 years$1,148$823$579$400$273$178
31 years$1,099$778$540$368$247$158
32 years$1,053$736$503$338$224$140
33 years$1,010$697$470$311$202$125
34 years$970$661$439$286$183$111
35 years$932$627$411$263$166$98
36 years$896$595$384$242$150$88
37 years$862$565$360$223$136$78
38 years$830$537$337$206$124$69
39 years$800$511$315$190$112$62
40 years$771$486$296$175$102$55
41 years$744$462$277$162$92$49
42 years$718$440$260$149$84$44
43 years$693$420$244$138$76$39
44 years$670$400$229$127$69$35
45 years$648$381$215$117$63$31
46 years$627$364$202$108$57$27
47 years$606$347$190$100$52$24
48 years$587$331$178$93$47$22
49 years$568$317$168$86$43$19
50 years$551$302$158$79$39$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $564,000, adding $4,015 every year, while hoping to spend $28,284 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: 29/43/28 Blend
50$564,000$564,000$564,000$564,000
51$625,669$595,777$587,035$638,317
52$659,394$594,877$576,607$647,725
53$695,610$592,984$564,882$655,109
54$734,543$590,020$551,785$662,483
55$776,438$585,903$537,242$669,867
56$821,565$580,543$521,171$677,283
57$870,223$573,848$503,488$684,760
58$922,737$565,718$484,106$692,333
59$979,465$556,047$462,933$700,042
60$1,040,802$544,725$439,873$707,934
61$1,107,181$531,633$414,825$716,067
62$1,179,077$516,646$387,685$724,505
63$1,257,013$499,633$358,343$733,324
64$1,341,566$480,452$326,685$742,612
65$1,433,368$458,956$292,591$752,470
66$1,533,114$434,988$255,936$763,014
67$1,641,572$408,383$216,590$774,376
68$1,759,583$378,964$174,416$786,706
69$1,888,073$346,546$129,272$800,177
70$2,028,064$310,934$81,010$814,982
71$2,180,677$271,921$29,474$831,342
72$2,347,148$229,287$0$849,507
73$2,528,837$182,801$0$877,383
74$2,727,239$132,219$0$917,556
75$2,944,002$77,283$0$961,619
76$3,180,942$17,721$0$1,010,029
77$3,440,053$0$0$1,063,295
78$3,723,535$0$0$1,144,105
79$4,033,810$0$0$1,241,818
80$4,373,542$0$0$1,348,899
81$4,745,668$0$0$1,466,286
82$5,153,420$0$0$1,595,010
83$5,600,360$0$0$1,736,208
84$6,090,408$0$0$1,891,130
85$6,627,884$0$0$2,061,157
86$7,217,544$0$0$2,247,805
87$7,864,629$0$0$2,452,749
88$8,574,909$0$0$2,677,831
89$9,354,743$0$0$2,925,080
90$10,211,133$0$0$3,196,733
91$11,151,794$0$0$3,495,254
92$12,185,226$0$0$3,823,356
93$13,320,790$0$0$4,184,029
94$14,568,800$0$0$4,580,568
95$15,940,620$0$0$5,016,601
96$17,448,769$0$0$5,496,128
97$19,107,038$0$0$6,023,553
98$20,930,623$0$0$6,603,730
99$22,936,266$0$0$7,242,007
100$25,142,413$0$0$7,944,276