Can I retire at age 51 with 563,000?

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 $563,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$46,492$46,078$45,674$45,279$44,894$44,352
2 years$23,016$22,587$22,172$21,769$21,378$20,832
3 years$15,191$14,761$14,347$13,948$13,563$13,031
4 years$11,280$10,851$10,441$10,048$9,673$9,158
5 years$8,934$8,507$8,102$7,718$7,354$6,858
6 years$7,370$6,947$6,548$6,172$5,819$5,342
7 years$6,254$5,834$5,441$5,075$4,732$4,276
8 years$5,417$5,001$4,615$4,257$3,926$3,489
9 years$4,766$4,354$3,975$3,626$3,306$2,889
10 years$4,246$3,838$3,465$3,126$2,817$2,420
11 years$3,821$3,417$3,051$2,720$2,423$2,044
12 years$3,466$3,067$2,707$2,386$2,099$1,740
13 years$3,167$2,771$2,419$2,106$1,831$1,489
14 years$2,910$2,519$2,173$1,870$1,605$1,281
15 years$2,688$2,301$1,962$1,668$1,413$1,106
16 years$2,494$2,111$1,779$1,493$1,249$959
17 years$2,323$1,944$1,619$1,342$1,107$833
18 years$2,171$1,797$1,478$1,209$985$726
19 years$2,036$1,665$1,353$1,092$878$634
20 years$1,913$1,547$1,242$989$784$554
21 years$1,803$1,441$1,142$898$701$486
22 years$1,703$1,345$1,053$816$629$426
23 years$1,612$1,258$972$744$564$374
24 years$1,528$1,179$899$678$507$329
25 years$1,452$1,106$832$619$456$289
26 years$1,381$1,040$772$566$411$255
27 years$1,315$979$717$518$371$225
28 years$1,255$922$666$475$335$198
29 years$1,198$870$620$436$302$175
30 years$1,146$822$578$400$273$154
31 years$1,097$777$539$367$247$136
32 years$1,051$735$503$337$223$120
33 years$1,008$696$469$310$202$106
34 years$968$660$438$285$183$94
35 years$930$626$410$263$166$83
36 years$894$594$383$242$150$73
37 years$860$564$359$223$136$65
38 years$829$536$336$206$123$57
39 years$798$510$315$190$112$51
40 years$770$485$295$175$101$45
41 years$743$462$277$161$92$40
42 years$717$440$260$149$84$35
43 years$692$419$244$137$76$31
44 years$669$399$229$127$69$28
45 years$647$381$215$117$62$24
46 years$625$363$202$108$57$22
47 years$605$347$189$100$51$19
48 years$586$331$178$92$47$17
49 years$567$316$167$85$42$15
50 years$550$302$157$79$39$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $563,000, adding $5,491 every year, while hoping to spend $42,429 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: 69/13/18 Blend
50$563,000$563,000$563,000$563,000
51$626,090$596,251$587,524$666,205
52$644,807$580,323$562,062$677,735
53$664,011$562,193$534,325$684,822
54$683,707$541,707$504,192$691,521
55$703,899$518,705$471,537$697,788
56$724,590$493,015$436,226$703,578
57$745,782$464,456$398,123$708,842
58$767,475$432,837$357,083$713,528
59$789,667$397,956$312,956$717,578
60$812,356$359,599$265,583$720,934
61$835,537$317,540$214,800$723,528
62$859,203$271,540$160,437$725,292
63$883,343$221,347$102,313$726,151
64$907,945$166,694$40,242$726,024
65$932,994$107,301$0$724,824
66$958,469$42,868$0$727,451
67$984,348$0$0$737,386
68$1,010,602$0$0$750,673
69$1,037,198$0$0$770,337
70$1,064,097$0$0$790,213
71$1,091,255$0$0$810,268
72$1,118,620$0$0$830,462
73$1,146,132$0$0$850,747
74$1,173,722$0$0$871,073
75$1,201,313$0$0$891,379
76$1,228,817$0$0$911,597
77$1,256,132$0$0$931,649
78$1,283,146$0$0$951,450
79$1,309,730$0$0$970,901
80$1,335,741$0$0$989,892
81$1,361,015$0$0$1,008,298
82$1,385,372$0$0$1,025,981
83$1,408,608$0$0$1,042,785
84$1,430,495$0$0$1,058,536
85$1,450,778$0$0$1,073,039
86$1,469,172$0$0$1,086,078
87$1,485,360$0$0$1,097,409
88$1,498,989$0$0$1,106,763
89$1,509,665$0$0$1,113,841
90$1,516,951$0$0$1,118,307
91$1,520,358$0$0$1,119,790
92$1,519,346$0$0$1,117,878
93$1,513,314$0$0$1,112,114
94$1,501,595$0$0$1,101,988
95$1,483,450$0$0$1,086,937
96$1,458,057$0$0$1,066,336
97$1,424,509$0$0$1,039,492
98$1,381,796$0$0$1,005,639
99$1,328,805$0$0$963,926
100$1,264,300$0$0$913,414