Can I retire at age 51 with 567,000?

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 $567,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$46,822$46,405$45,998$45,601$45,213$43,872
2 years$23,179$22,748$22,329$21,924$21,530$20,189
3 years$15,299$14,866$14,449$14,047$13,660$12,362
4 years$11,360$10,928$10,515$10,120$9,742$8,497
5 years$8,997$8,568$8,160$7,773$7,406$6,218
6 years$7,423$6,996$6,594$6,216$5,860$4,729
7 years$6,298$5,875$5,480$5,111$4,766$3,692
8 years$5,455$5,036$4,647$4,287$3,954$2,937
9 years$4,800$4,385$4,003$3,652$3,330$2,369
10 years$4,276$3,865$3,490$3,148$2,837$1,930
11 years$3,848$3,441$3,072$2,740$2,440$1,586
12 years$3,491$3,088$2,727$2,403$2,114$1,312
13 years$3,189$2,791$2,436$2,121$1,844$1,091
14 years$2,931$2,537$2,189$1,883$1,616$910
15 years$2,708$2,318$1,976$1,679$1,423$763
16 years$2,512$2,126$1,792$1,504$1,258$641
17 years$2,340$1,958$1,630$1,351$1,115$539
18 years$2,187$1,809$1,488$1,218$992$455
19 years$2,050$1,677$1,363$1,100$884$385
20 years$1,927$1,558$1,250$996$789$325
21 years$1,816$1,452$1,150$904$706$276
22 years$1,715$1,355$1,060$822$633$234
23 years$1,623$1,267$979$749$568$198
24 years$1,539$1,187$905$683$511$169
25 years$1,462$1,114$838$624$460$143
26 years$1,391$1,047$778$570$414$122
27 years$1,325$986$722$522$373$104
28 years$1,264$929$671$478$337$88
29 years$1,207$876$625$439$304$75
30 years$1,154$827$582$403$275$64
31 years$1,105$782$542$370$249$54
32 years$1,059$740$506$340$225$46
33 years$1,015$701$473$312$203$39
34 years$975$664$442$287$184$34
35 years$937$630$413$265$167$29
36 years$901$598$386$244$151$24
37 years$867$568$361$225$137$21
38 years$834$540$338$207$124$18
39 years$804$513$317$191$113$15
40 years$775$488$297$176$102$13
41 years$748$465$279$162$93$11
42 years$722$443$261$150$84$9
43 years$697$422$245$138$76$8
44 years$674$402$230$128$69$7
45 years$651$383$216$118$63$6
46 years$630$366$203$109$57$5
47 years$610$349$191$101$52$4
48 years$590$333$179$93$47$4
49 years$571$318$169$86$43$3
50 years$554$304$158$79$39$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $567,000, adding $6,198 every year, while hoping to spend $24,565 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: 53/39/8 Blend
50$567,000$567,000$567,000$567,000
51$631,227$601,176$592,388$663,115
52$669,475$604,497$586,096$688,760
53$710,802$607,157$578,770$713,442
54$755,494$609,098$570,349$739,708
55$803,869$610,258$560,770$767,711
56$856,274$610,572$549,967$797,622
57$913,093$609,969$537,869$829,632
58$974,746$608,375$524,405$863,948
59$1,041,696$605,711$509,499$900,804
60$1,114,451$601,893$493,070$940,455
61$1,193,573$596,834$475,035$983,186
62$1,279,677$590,438$455,308$1,029,310
63$1,373,440$582,606$433,797$1,079,176
64$1,475,610$573,232$410,408$1,133,168
65$1,587,006$562,204$385,041$1,191,712
66$1,708,532$549,404$357,591$1,255,278
67$1,841,183$534,705$327,951$1,324,387
68$1,986,053$517,976$296,008$1,399,614
69$2,144,348$499,074$261,641$1,481,596
70$2,317,395$477,851$224,729$1,571,036
71$2,506,653$454,150$185,141$1,668,714
72$2,713,731$427,803$142,743$1,775,488
73$2,940,400$398,634$97,393$1,892,310
74$3,188,610$366,456$48,946$2,020,230
75$3,460,509$331,073$0$2,160,409
76$3,758,462$292,276$0$2,314,365
77$4,085,072$249,845$0$2,487,754
78$4,443,209$203,547$0$2,677,974
79$4,836,032$153,137$0$2,886,770
80$5,267,021$98,354$0$3,116,068
81$5,740,008$38,925$0$3,367,995
82$6,259,217$0$0$3,644,898
83$6,829,297$0$0$3,960,286
84$7,455,372$0$0$4,325,056
85$8,143,086$0$0$4,725,798
86$8,898,655$0$0$5,166,142
87$9,728,929$0$0$5,650,089
88$10,641,453$0$0$6,182,044
89$11,644,540$0$0$6,766,861
90$12,747,349$0$0$7,409,889
91$13,959,968$0$0$8,117,018
92$15,293,515$0$0$8,894,742
93$16,760,236$0$0$9,750,211
94$18,373,627$0$0$10,691,307
95$20,148,556$0$0$11,726,712
96$22,101,402$0$0$12,865,992
97$24,250,216$0$0$14,119,688
98$26,614,886$0$0$15,499,414
99$29,217,322$0$0$17,017,967
100$32,081,671$0$0$18,689,447