Can I retire at age 51 with 550,000?

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 $550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$45,418$45,014$44,619$44,234$43,858$42,920
2 years$22,484$22,066$21,660$21,266$20,885$19,944
3 years$14,841$14,420$14,015$13,626$13,250$12,336
4 years$11,020$10,600$10,200$9,816$9,450$8,570
5 years$8,728$8,311$7,915$7,540$7,184$6,340
6 years$7,200$6,786$6,397$6,030$5,684$4,878
7 years$6,109$5,699$5,316$4,957$4,623$3,854
8 years$5,292$4,885$4,508$4,159$3,835$3,104
9 years$4,656$4,254$3,883$3,542$3,230$2,535
10 years$4,148$3,749$3,385$3,053$2,752$2,093
11 years$3,732$3,338$2,980$2,657$2,367$1,743
12 years$3,386$2,996$2,645$2,331$2,051$1,462
13 years$3,094$2,707$2,363$2,058$1,788$1,232
14 years$2,843$2,461$2,123$1,827$1,568$1,044
15 years$2,626$2,248$1,917$1,629$1,380$887
16 years$2,437$2,063$1,738$1,459$1,220$757
17 years$2,270$1,900$1,582$1,311$1,082$647
18 years$2,121$1,755$1,444$1,181$962$554
19 years$1,989$1,627$1,322$1,067$857$476
20 years$1,869$1,512$1,213$967$766$409
21 years$1,762$1,408$1,116$877$685$352
22 years$1,664$1,314$1,028$798$614$304
23 years$1,575$1,229$949$726$551$262
24 years$1,493$1,152$878$663$496$226
25 years$1,418$1,081$813$605$446$195
26 years$1,349$1,016$754$553$402$169
27 years$1,285$956$700$506$362$146
28 years$1,226$901$651$464$327$127
29 years$1,171$850$606$425$295$110
30 years$1,120$803$564$390$267$95
31 years$1,072$759$526$359$241$82
32 years$1,027$718$491$330$218$71
33 years$985$680$458$303$197$62
34 years$946$644$428$279$179$54
35 years$908$611$400$257$162$46
36 years$874$580$375$236$147$40
37 years$841$551$351$218$133$35
38 years$809$524$328$201$120$30
39 years$780$498$308$185$109$26
40 years$752$474$288$171$99$23
41 years$725$451$270$158$90$20
42 years$700$429$254$145$82$17
43 years$676$409$238$134$74$15
44 years$653$390$223$124$67$13
45 years$632$372$210$114$61$11
46 years$611$355$197$106$55$10
47 years$591$339$185$98$50$8
48 years$572$323$174$90$46$7
49 years$554$309$163$83$41$6
50 years$537$295$154$77$38$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $550,000, adding $6,454 every year, while hoping to spend $22,103 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: 44/49/7 Blend
50$550,000$550,000$550,000$550,000
51$612,757$583,607$575,082$638,224
52$651,741$588,687$570,830$661,579
53$693,961$593,274$565,695$684,090
54$739,722$597,322$559,623$707,974
55$789,363$600,780$552,560$733,367
56$843,255$603,595$544,447$760,416
57$901,804$605,709$535,224$789,284
58$965,461$607,061$524,827$820,155
59$1,034,719$607,588$513,189$853,229
60$1,110,120$607,220$500,240$888,729
61$1,192,263$605,884$485,909$926,902
62$1,281,805$603,503$470,118$968,023
63$1,379,470$599,996$452,788$1,012,395
64$1,486,055$595,275$433,836$1,060,352
65$1,602,437$589,248$413,174$1,112,267
66$1,729,581$581,817$390,711$1,168,551
67$1,868,550$572,878$366,351$1,229,659
68$2,020,515$562,321$339,997$1,296,095
69$2,186,763$550,031$311,542$1,368,416
70$2,368,713$535,883$280,879$1,447,239
71$2,567,928$519,747$247,895$1,533,246
72$2,786,127$501,485$212,470$1,627,192
73$3,025,205$480,951$174,481$1,729,911
74$3,287,248$457,989$133,798$1,842,326
75$3,574,554$432,437$90,287$1,965,458
76$3,889,654$404,122$43,806$2,100,434
77$4,235,334$372,859$0$2,248,500
78$4,614,664$338,456$0$2,411,470
79$5,031,028$300,708$0$2,593,951
80$5,488,149$259,399$0$2,794,365
81$5,990,131$214,300$0$3,014,583
82$6,541,494$165,170$0$3,256,673
83$7,147,218$111,755$0$3,522,918
84$7,812,788$53,785$0$3,815,840
85$8,544,247$0$0$4,138,223
86$9,348,254$0$0$4,498,008
87$10,232,144$0$0$4,925,493
88$11,203,996$0$0$5,395,595
89$12,272,715$0$0$5,912,630
90$13,448,110$0$0$6,481,353
91$14,740,987$0$0$7,107,003
92$16,163,255$0$0$7,795,353
93$17,728,033$0$0$8,552,763
94$19,449,776$0$0$9,386,241
95$21,344,412$0$0$10,303,508
96$23,429,490$0$0$11,313,073
97$25,724,345$0$0$12,424,309
98$28,250,285$0$0$13,647,546
99$31,030,786$0$0$14,994,166
100$34,091,715$0$0$16,476,710