Can I retire at age 51 with 547,000?

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 $547,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$45,171$44,768$44,376$43,993$43,619$42,409
2 years$22,362$21,945$21,542$21,150$20,771$19,562
3 years$14,760$14,341$13,939$13,551$13,178$12,006
4 years$10,959$10,543$10,144$9,763$9,399$8,274
5 years$8,680$8,265$7,872$7,499$7,145$6,070
6 years$7,161$6,749$6,362$5,997$5,653$4,630
7 years$6,076$5,668$5,287$4,930$4,598$3,625
8 years$5,263$4,859$4,484$4,136$3,814$2,892
9 years$4,631$4,230$3,862$3,523$3,212$2,339
10 years$4,125$3,729$3,367$3,037$2,737$1,913
11 years$3,712$3,320$2,964$2,643$2,354$1,577
12 years$3,368$2,979$2,630$2,318$2,040$1,308
13 years$3,077$2,693$2,350$2,047$1,779$1,091
14 years$2,828$2,447$2,112$1,817$1,559$914
15 years$2,612$2,236$1,907$1,620$1,373$768
16 years$2,423$2,051$1,729$1,451$1,213$648
17 years$2,257$1,889$1,573$1,303$1,076$548
18 years$2,110$1,746$1,436$1,175$957$464
19 years$1,978$1,618$1,314$1,061$853$393
20 years$1,859$1,503$1,206$961$762$334
21 years$1,752$1,400$1,110$872$682$284
22 years$1,655$1,307$1,023$793$611$242
23 years$1,566$1,223$944$722$548$206
24 years$1,485$1,145$873$659$493$176
25 years$1,410$1,075$809$602$444$150
26 years$1,342$1,010$750$550$400$128
27 years$1,278$951$697$504$360$109
28 years$1,219$896$648$461$325$93
29 years$1,164$845$603$423$293$80
30 years$1,113$798$561$388$265$68
31 years$1,066$755$523$357$240$58
32 years$1,021$714$488$328$217$50
33 years$980$676$456$301$196$43
34 years$940$641$426$277$178$36
35 years$904$608$398$255$161$31
36 years$869$577$373$235$146$27
37 years$836$548$349$217$132$23
38 years$805$521$327$200$120$20
39 years$776$495$306$184$109$17
40 years$748$471$287$170$99$14
41 years$721$448$269$157$89$12
42 years$696$427$252$145$81$10
43 years$673$407$237$133$74$9
44 years$650$388$222$123$67$8
45 years$628$370$209$114$61$7
46 years$608$353$196$105$55$6
47 years$588$337$184$97$50$5
48 years$569$321$173$90$45$4
49 years$551$307$163$83$41$4
50 years$534$293$153$77$37$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $547,000, adding $3,281 every year, while hoping to spend $42,261 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: 35/46/19 Blend
50$547,000$547,000$547,000$547,000
51$606,178$577,187$568,709$623,775
52$623,043$560,504$542,795$620,264
53$640,212$541,587$514,597$612,312
54$657,671$520,282$483,993$602,851
55$675,403$496,426$450,857$591,769
56$693,390$469,846$415,057$578,951
57$711,608$440,361$376,453$564,273
58$730,030$407,777$334,902$547,603
59$748,625$371,890$290,254$528,801
60$767,357$332,485$242,349$507,719
61$786,184$289,333$191,025$484,197
62$805,059$242,195$136,109$458,069
63$823,929$190,816$77,421$429,154
64$842,730$134,927$14,776$397,265
65$861,394$74,244$0$362,197
66$879,842$8,468$0$334,295
67$897,986$0$0$306,655
68$915,724$0$0$307,825
69$932,945$0$0$313,038
70$949,524$0$0$317,958
71$965,317$0$0$322,529
72$980,169$0$0$326,689
73$993,902$0$0$330,368
74$1,006,318$0$0$333,488
75$1,017,199$0$0$335,963
76$1,026,299$0$0$337,698
77$1,033,346$0$0$338,584
78$1,038,036$0$0$338,503
79$1,040,032$0$0$337,324
80$1,038,959$0$0$334,900
81$1,034,401$0$0$331,069
82$1,025,897$0$0$325,650
83$1,012,934$0$0$318,444
84$994,944$0$0$309,230
85$971,298$0$0$297,762
86$941,298$0$0$283,770
87$904,173$0$0$266,953
88$859,067$0$0$246,979
89$805,034$0$0$223,481
90$741,028$0$0$196,053
91$665,890$0$0$164,245
92$578,340$0$0$127,560
93$476,963$0$0$85,451
94$360,194$0$0$37,310
95$226,304$0$0$0
96$73,382$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0