Can I retire at age 51 with 546,000?

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 $546,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$45,088$44,687$44,295$43,912$43,539$43,174
2 years$22,321$21,905$21,502$21,112$20,733$20,365
3 years$14,733$14,315$13,913$13,526$13,154$12,795
4 years$10,939$10,523$10,125$9,745$9,381$9,033
5 years$8,664$8,250$7,858$7,485$7,132$6,796
6 years$7,148$6,737$6,350$5,986$5,643$5,320
7 years$6,065$5,658$5,277$4,921$4,589$4,279
8 years$5,253$4,850$4,475$4,128$3,807$3,510
9 years$4,622$4,223$3,855$3,516$3,206$2,922
10 years$4,118$3,722$3,361$3,031$2,732$2,460
11 years$3,705$3,313$2,959$2,638$2,349$2,090
12 years$3,362$2,974$2,626$2,314$2,036$1,789
13 years$3,071$2,688$2,346$2,043$1,775$1,540
14 years$2,823$2,443$2,108$1,813$1,556$1,333
15 years$2,607$2,232$1,903$1,617$1,370$1,158
16 years$2,419$2,048$1,725$1,448$1,211$1,010
17 years$2,253$1,886$1,570$1,301$1,074$883
18 years$2,106$1,742$1,433$1,173$955$774
19 years$1,974$1,615$1,312$1,059$851$681
20 years$1,856$1,501$1,204$960$760$599
21 years$1,749$1,398$1,108$871$680$528
22 years$1,652$1,305$1,021$792$610$467
23 years$1,563$1,220$943$721$547$413
24 years$1,482$1,143$872$658$492$365
25 years$1,408$1,073$807$601$443$324
26 years$1,339$1,008$749$549$399$287
27 years$1,276$949$695$503$360$255
28 years$1,217$894$646$461$324$226
29 years$1,162$844$602$422$293$201
30 years$1,111$797$560$388$265$179
31 years$1,064$753$522$356$239$159
32 years$1,019$713$487$327$216$142
33 years$978$675$455$301$196$126
34 years$939$640$425$277$177$112
35 years$902$607$397$255$161$100
36 years$867$576$372$235$146$89
37 years$834$547$348$216$132$79
38 years$803$520$326$199$120$71
39 years$774$494$305$184$108$63
40 years$746$470$286$170$98$56
41 years$720$448$268$156$89$50
42 years$695$426$252$144$81$45
43 years$671$406$236$133$73$40
44 years$649$387$222$123$67$36
45 years$627$369$208$114$61$32
46 years$607$352$196$105$55$28
47 years$587$336$184$97$50$25
48 years$568$321$173$90$45$23
49 years$550$306$162$83$41$20
50 years$533$293$153$77$37$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $546,000, adding $2,496 every year, while hoping to spend $33,396 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: 22/48/30 Blend
50$546,000$546,000$546,000$546,000
51$604,267$575,329$566,866$611,800
52$630,369$567,987$550,323$611,437
53$658,014$559,166$532,106$608,112
54$687,324$548,758$512,125$603,847
55$718,434$536,649$490,283$598,587
56$751,488$522,719$466,481$592,275
57$786,646$506,838$440,615$584,854
58$824,083$488,873$412,575$576,264
59$863,991$468,679$382,248$566,444
60$906,579$446,105$349,514$555,331
61$952,076$420,990$314,248$542,862
62$1,000,735$393,165$276,322$528,972
63$1,052,830$362,451$235,599$513,596
64$1,108,664$328,657$191,938$496,668
65$1,168,570$291,583$145,189$478,120
66$1,232,911$251,017$95,200$457,888
67$1,302,087$206,736$41,808$435,905
68$1,376,536$158,502$0$412,107
69$1,456,741$106,067$0$391,286
70$1,543,230$49,166$0$383,121
71$1,636,585$0$0$374,218
72$1,737,445$0$0$371,173
73$1,846,511$0$0$396,038
74$1,964,555$0$0$423,030
75$2,092,425$0$0$452,353
76$2,231,054$0$0$484,232
77$2,381,466$0$0$518,913
78$2,544,790$0$0$556,668
79$2,722,267$0$0$597,797
80$2,915,260$0$0$642,627
81$3,125,271$0$0$691,521
82$3,353,952$0$0$744,878
83$3,603,120$0$0$803,137
84$3,874,775$0$0$866,779
85$4,171,120$0$0$936,337
86$4,494,578$0$0$1,012,397
87$4,847,815$0$0$1,095,602
88$5,233,768$0$0$1,186,661
89$5,655,670$0$0$1,286,358
90$6,117,080$0$0$1,395,551
91$6,621,917$0$0$1,515,188
92$7,174,494$0$0$1,646,312
93$7,779,565$0$0$1,790,074
94$8,442,361$0$0$1,947,738
95$9,168,645$0$0$2,120,699
96$9,964,762$0$0$2,310,492
97$10,837,702$0$0$2,518,808
98$11,795,162$0$0$2,747,512
99$12,845,622$0$0$2,998,654
100$13,998,421$0$0$3,274,496