Can I retire at age 51 with 553,000?

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 $553,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$45,666$45,259$44,863$44,475$44,097$43,031
2 years$22,607$22,186$21,778$21,382$20,999$19,931
3 years$14,922$14,499$14,092$13,700$13,322$12,287
4 years$11,080$10,658$10,255$9,870$9,502$8,506
5 years$8,775$8,356$7,958$7,581$7,223$6,269
6 years$7,239$6,823$6,432$6,063$5,715$4,805
7 years$6,143$5,730$5,345$4,984$4,648$3,782
8 years$5,321$4,912$4,533$4,181$3,856$3,033
9 years$4,681$4,277$3,904$3,562$3,247$2,467
10 years$4,171$3,770$3,404$3,070$2,767$2,028
11 years$3,753$3,356$2,997$2,672$2,380$1,681
12 years$3,405$3,012$2,659$2,344$2,062$1,403
13 years$3,111$2,722$2,376$2,069$1,798$1,178
14 years$2,859$2,474$2,135$1,837$1,576$993
15 years$2,641$2,260$1,927$1,638$1,388$840
16 years$2,450$2,074$1,747$1,467$1,227$713
17 years$2,282$1,910$1,590$1,318$1,088$606
18 years$2,133$1,765$1,452$1,188$967$517
19 years$1,999$1,636$1,329$1,073$862$441
20 years$1,879$1,520$1,220$972$770$377
21 years$1,771$1,416$1,122$882$689$323
22 years$1,673$1,322$1,034$802$618$277
23 years$1,583$1,236$955$730$554$238
24 years$1,501$1,158$883$666$498$204
25 years$1,426$1,087$818$608$448$175
26 years$1,356$1,021$758$556$404$151
27 years$1,292$961$704$509$364$130
28 years$1,233$906$655$466$329$112
29 years$1,177$854$609$428$297$96
30 years$1,126$807$567$393$268$83
31 years$1,078$763$529$361$242$71
32 years$1,033$722$494$331$219$61
33 years$990$684$461$305$198$53
34 years$951$648$431$280$180$46
35 years$913$615$403$258$163$39
36 years$878$583$377$238$147$34
37 years$845$554$353$219$134$29
38 years$814$526$330$202$121$25
39 years$784$501$309$186$110$22
40 years$756$476$290$172$100$19
41 years$729$453$272$158$90$16
42 years$704$432$255$146$82$14
43 years$680$411$239$135$74$12
44 years$657$392$225$125$68$10
45 years$635$374$211$115$61$9
46 years$614$357$198$106$56$8
47 years$594$340$186$98$51$7
48 years$575$325$175$91$46$6
49 years$557$310$164$84$42$5
50 years$540$296$155$78$38$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $553,000, adding $5,629 every year, while hoping to spend $36,547 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: 78/11/11 Blend
50$553,000$553,000$553,000$553,000
51$615,212$585,903$577,332$661,539
52$639,078$575,727$557,787$682,618
53$664,154$563,827$536,362$700,471
54$690,523$550,080$512,956$719,002
55$718,279$534,357$487,463$738,263
56$747,522$516,519$459,771$758,312
57$778,361$496,420$429,765$779,212
58$810,915$473,905$397,323$801,035
59$845,314$448,812$362,319$823,859
60$881,700$420,968$324,621$847,771
61$920,227$390,190$284,090$872,868
62$961,065$356,284$240,581$899,255
63$1,004,398$319,046$193,945$927,052
64$1,050,428$278,261$144,024$956,389
65$1,099,376$233,700$90,653$987,411
66$1,151,484$185,123$33,661$1,020,278
67$1,207,016$132,274$0$1,055,169
68$1,266,261$74,885$0$1,095,469
69$1,329,538$12,673$0$1,142,629
70$1,397,193$0$0$1,192,962
71$1,469,609$0$0$1,253,373
72$1,547,203$0$0$1,319,759
73$1,630,434$0$0$1,390,981
74$1,719,805$0$0$1,467,471
75$1,815,869$0$0$1,549,703
76$1,919,231$0$0$1,638,199
77$2,030,558$0$0$1,733,529
78$2,150,581$0$0$1,836,322
79$2,280,102$0$0$1,947,268
80$2,420,005$0$0$2,067,125
81$2,571,258$0$0$2,196,727
82$2,734,929$0$0$2,336,988
83$2,912,188$0$0$2,488,917
84$3,104,324$0$0$2,653,619
85$3,312,753$0$0$2,832,313
86$3,539,033$0$0$3,026,336
87$3,784,878$0$0$3,237,160
88$4,052,172$0$0$3,466,406
89$4,342,990$0$0$3,715,856
90$4,659,611$0$0$3,987,469
91$5,004,548$0$0$4,283,404
92$5,380,562$0$0$4,606,034
93$5,790,695$0$0$4,957,973
94$6,238,292$0$0$5,342,096
95$6,727,038$0$0$5,761,570
96$7,260,989$0$0$6,219,879
97$7,844,607$0$0$6,720,861
98$8,482,810$0$0$7,268,740
99$9,181,007$0$0$7,868,166
100$9,945,159$0$0$8,524,261