Can I retire at age 51 with 548,000?

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 $548,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$45,253$44,850$44,457$44,073$43,698$42,384
2 years$22,403$21,985$21,581$21,189$20,809$19,496
3 years$14,787$14,368$13,964$13,576$13,202$11,932
4 years$10,980$10,562$10,162$9,781$9,416$8,198
5 years$8,696$8,281$7,887$7,513$7,158$5,995
6 years$7,174$6,762$6,373$6,008$5,664$4,557
7 years$6,087$5,678$5,296$4,939$4,606$3,556
8 years$5,272$4,867$4,492$4,144$3,821$2,827
9 years$4,639$4,238$3,869$3,529$3,218$2,279
10 years$4,133$3,736$3,373$3,042$2,742$1,856
11 years$3,719$3,326$2,969$2,648$2,358$1,524
12 years$3,374$2,985$2,635$2,322$2,043$1,260
13 years$3,083$2,697$2,354$2,050$1,782$1,046
14 years$2,833$2,452$2,115$1,820$1,562$873
15 years$2,617$2,240$1,910$1,623$1,375$731
16 years$2,428$2,055$1,732$1,453$1,216$613
17 years$2,261$1,893$1,576$1,306$1,078$516
18 years$2,113$1,749$1,438$1,177$958$435
19 years$1,981$1,621$1,317$1,063$854$367
20 years$1,862$1,506$1,209$963$763$311
21 years$1,755$1,403$1,112$874$683$263
22 years$1,658$1,310$1,025$795$612$223
23 years$1,569$1,225$946$724$549$189
24 years$1,488$1,148$875$660$494$160
25 years$1,413$1,077$810$603$444$136
26 years$1,344$1,012$752$551$400$116
27 years$1,280$953$698$505$361$98
28 years$1,221$898$649$462$326$84
29 years$1,167$847$604$424$294$71
30 years$1,115$800$562$389$266$60
31 years$1,068$756$524$357$240$51
32 years$1,023$715$489$328$217$44
33 years$981$677$457$302$197$37
34 years$942$642$427$278$178$32
35 years$905$609$399$256$161$27
36 years$870$578$373$236$146$23
37 years$837$549$349$217$132$20
38 years$806$522$327$200$120$17
39 years$777$496$306$184$109$14
40 years$749$472$287$170$99$12
41 years$723$449$269$157$90$10
42 years$698$428$253$145$81$9
43 years$674$408$237$134$74$7
44 years$651$389$223$123$67$6
45 years$629$371$209$114$61$5
46 years$609$354$196$105$55$5
47 years$589$337$184$97$50$4
48 years$570$322$173$90$46$3
49 years$552$308$163$83$41$3
50 years$535$294$153$77$38$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $548,000, adding $4,101 every year, while hoping to spend $39,961 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: 59/24/17 Blend
50$548,000$548,000$548,000$548,000
51$608,126$579,082$570,588$641,102
52$627,637$564,939$547,185$649,744
53$647,798$548,764$521,658$654,400
54$668,635$530,414$493,894$658,557
55$690,171$509,740$463,776$662,174
56$712,435$486,583$431,178$665,206
57$735,453$460,776$395,973$667,607
58$759,255$432,140$358,023$669,327
59$783,872$400,487$317,190$670,314
60$809,335$365,619$273,324$670,514
61$835,679$327,327$226,273$669,868
62$862,940$285,387$175,874$668,317
63$891,155$239,566$121,961$665,795
64$920,364$189,616$64,358$662,237
65$950,609$135,276$2,882$657,571
66$981,935$76,268$0$651,723
67$1,014,389$12,301$0$655,993
68$1,048,020$0$0$660,220
69$1,082,882$0$0$678,868
70$1,119,030$0$0$701,578
71$1,156,525$0$0$725,137
72$1,195,430$0$0$749,588
73$1,235,813$0$0$774,973
74$1,277,746$0$0$801,338
75$1,321,307$0$0$828,734
76$1,366,578$0$0$857,212
77$1,413,647$0$0$886,829
78$1,462,608$0$0$917,645
79$1,513,564$0$0$949,726
80$1,566,624$0$0$983,142
81$1,621,903$0$0$1,017,967
82$1,679,529$0$0$1,054,283
83$1,739,637$0$0$1,092,176
84$1,802,373$0$0$1,131,740
85$1,867,895$0$0$1,173,077
86$1,936,372$0$0$1,216,296
87$2,007,990$0$0$1,261,516
88$2,082,948$0$0$1,308,864
89$2,161,461$0$0$1,358,481
90$2,243,762$0$0$1,410,515
91$2,330,106$0$0$1,465,132
92$2,420,768$0$0$1,522,508
93$2,516,046$0$0$1,582,836
94$2,616,267$0$0$1,646,327
95$2,721,782$0$0$1,713,207
96$2,832,978$0$0$1,783,726
97$2,950,273$0$0$1,858,156
98$3,074,125$0$0$1,936,790
99$3,205,032$0$0$2,019,952
100$3,343,538$0$0$2,107,993