Can I retire at age 51 with 551,000?

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 $551,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$45,501$45,096$44,700$44,314$43,938$43,661
2 years$22,525$22,106$21,699$21,305$20,923$20,643
3 years$14,868$14,446$14,041$13,650$13,274$13,001
4 years$11,040$10,620$10,218$9,834$9,467$9,203
5 years$8,743$8,326$7,930$7,554$7,197$6,941
6 years$7,213$6,799$6,408$6,041$5,695$5,448
7 years$6,120$5,710$5,325$4,966$4,631$4,395
8 years$5,301$4,894$4,516$4,166$3,842$3,615
9 years$4,665$4,261$3,890$3,549$3,236$3,018
10 years$4,155$3,756$3,391$3,059$2,757$2,549
11 years$3,739$3,344$2,986$2,662$2,371$2,172
12 years$3,393$3,001$2,650$2,335$2,055$1,865
13 years$3,099$2,712$2,367$2,062$1,792$1,611
14 years$2,848$2,465$2,127$1,830$1,571$1,398
15 years$2,631$2,252$1,920$1,632$1,383$1,219
16 years$2,441$2,066$1,741$1,461$1,222$1,067
17 years$2,274$1,903$1,584$1,313$1,084$936
18 years$2,125$1,758$1,446$1,183$964$824
19 years$1,992$1,630$1,324$1,069$859$727
20 years$1,873$1,514$1,215$968$767$642
21 years$1,765$1,411$1,118$879$686$568
22 years$1,667$1,317$1,030$799$615$504
23 years$1,577$1,232$951$728$552$447
24 years$1,496$1,154$880$664$496$397
25 years$1,421$1,083$815$606$447$354
26 years$1,351$1,018$756$554$402$315
27 years$1,287$958$702$507$363$281
28 years$1,228$903$652$465$327$250
29 years$1,173$851$607$426$296$223
30 years$1,122$804$565$391$267$199
31 years$1,074$760$527$359$241$178
32 years$1,029$719$492$330$218$159
33 years$987$681$459$304$198$142
34 years$947$646$429$279$179$127
35 years$910$612$401$257$162$114
36 years$875$581$375$237$147$102
37 years$842$552$351$218$133$91
38 years$811$525$329$201$121$82
39 years$781$499$308$185$109$73
40 years$753$475$289$171$99$65
41 years$727$452$271$158$90$59
42 years$702$430$254$146$82$52
43 years$678$410$238$134$74$47
44 years$655$391$224$124$67$42
45 years$633$373$210$115$61$38
46 years$612$355$197$106$55$34
47 years$592$339$185$98$50$30
48 years$573$324$174$90$46$27
49 years$555$309$164$84$42$24
50 years$538$295$154$77$38$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $551,000, adding $5,969 every year, while hoping to spend $47,878 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: 67/10/23 Blend
50$551,000$551,000$551,000$551,000
51$613,359$584,156$575,616$650,474
52$624,980$561,838$543,957$653,809
53$636,181$536,821$509,633$651,426
54$646,870$508,924$472,504$647,700
55$656,942$477,952$432,424$642,498
56$666,280$443,702$389,240$635,678
57$674,753$405,956$342,792$627,081
58$682,218$364,487$292,915$616,538
59$688,510$319,054$239,435$603,861
60$693,451$269,400$182,168$588,850
61$696,839$215,257$120,927$571,281
62$698,452$156,340$55,513$550,913
63$698,041$92,347$0$527,484
64$695,330$22,962$0$504,213
65$690,016$0$0$492,044
66$681,757$0$0$482,792
67$670,179$0$0$473,595
68$654,865$0$0$461,619
69$635,353$0$0$446,523
70$611,132$0$0$427,929
71$581,637$0$0$405,417
72$546,240$0$0$378,525
73$504,249$0$0$346,741
74$454,897$0$0$309,497
75$397,336$0$0$266,167
76$330,629$0$0$216,058
77$253,741$0$0$158,404
78$165,525$0$0$92,359
79$64,718$0$0$16,989
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0