Can I retire at age 51 with 565,000?

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 $565,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$46,657$46,242$45,836$45,440$45,054$44,180
2 years$23,098$22,667$22,251$21,846$21,454$20,578
3 years$15,245$14,813$14,398$13,997$13,611$12,759
4 years$11,320$10,889$10,478$10,084$9,708$8,887
5 years$8,966$8,537$8,131$7,746$7,380$6,592
6 years$7,396$6,971$6,571$6,194$5,839$5,085
7 years$6,276$5,855$5,461$5,093$4,749$4,029
8 years$5,436$5,018$4,631$4,272$3,940$3,254
9 years$4,783$4,370$3,989$3,639$3,318$2,666
10 years$4,261$3,852$3,477$3,137$2,827$2,208
11 years$3,834$3,429$3,062$2,730$2,431$1,845
12 years$3,479$3,077$2,717$2,394$2,107$1,552
13 years$3,178$2,781$2,427$2,114$1,837$1,313
14 years$2,921$2,528$2,181$1,877$1,611$1,116
15 years$2,698$2,309$1,969$1,674$1,418$952
16 years$2,503$2,119$1,785$1,498$1,253$814
17 years$2,331$1,951$1,625$1,346$1,111$699
18 years$2,179$1,803$1,483$1,213$988$601
19 years$2,043$1,671$1,358$1,096$881$518
20 years$1,920$1,553$1,246$993$787$447
21 years$1,810$1,446$1,146$901$704$386
22 years$1,709$1,350$1,056$819$631$334
23 years$1,618$1,263$975$746$566$289
24 years$1,534$1,183$902$681$509$251
25 years$1,457$1,110$835$622$458$218
26 years$1,386$1,044$775$568$413$189
27 years$1,320$982$719$520$372$164
28 years$1,259$925$669$477$336$143
29 years$1,203$873$622$437$303$124
30 years$1,150$824$580$401$274$108
31 years$1,101$779$541$368$248$94
32 years$1,055$737$504$339$224$82
33 years$1,012$698$471$311$203$71
34 years$971$662$440$286$184$62
35 years$933$628$411$264$166$54
36 years$897$596$385$243$151$47
37 years$863$566$360$224$137$41
38 years$831$538$337$206$124$36
39 years$801$511$316$190$112$31
40 years$772$487$296$175$102$27
41 years$745$463$278$162$92$24
42 years$719$441$261$149$84$21
43 years$695$420$244$138$76$18
44 years$671$401$229$127$69$16
45 years$649$382$215$118$63$14
46 years$628$364$202$109$57$12
47 years$607$348$190$100$52$10
48 years$588$332$179$93$47$9
49 years$569$317$168$86$43$8
50 years$552$303$158$79$39$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $565,000, adding $4,740 every year, while hoping to spend $25,063 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: 79/10/11 Blend
50$565,000$565,000$565,000$565,000
51$627,519$597,574$588,817$675,495
52$664,859$600,189$581,875$710,301
53$705,168$602,091$573,861$744,757
54$748,722$603,220$564,712$781,830
55$795,825$603,511$554,363$821,770
56$846,810$602,894$542,745$864,853
57$902,045$601,296$529,787$911,383
58$961,932$598,638$515,414$961,695
59$1,026,917$594,839$499,548$1,016,157
60$1,097,486$589,810$482,107$1,075,176
61$1,174,176$583,458$463,004$1,139,199
62$1,257,579$575,684$442,152$1,208,721
63$1,348,343$566,383$419,455$1,284,285
64$1,447,184$555,446$394,816$1,366,490
65$1,554,888$542,754$368,134$1,455,999
66$1,672,320$528,182$339,300$1,553,539
67$1,800,434$511,600$308,204$1,659,913
68$1,940,278$492,868$274,728$1,776,007
69$2,093,006$471,839$238,751$1,902,796
70$2,259,889$448,355$200,146$2,041,356
71$2,442,326$422,253$158,779$2,192,872
72$2,641,858$393,358$114,513$2,358,652
73$2,860,180$361,485$67,201$2,540,135
74$3,099,159$326,439$16,694$2,738,912
75$3,360,853$288,014$0$2,956,731
76$3,647,525$245,992$0$3,199,890
77$3,961,669$200,142$0$3,468,525
78$4,306,032$150,222$0$3,763,040
79$4,683,639$95,974$0$4,086,040
80$5,097,821$37,128$0$4,440,398
81$5,552,248$0$0$4,829,278
82$6,050,962$0$0$5,259,095
83$6,598,414$0$0$5,735,421
84$7,199,509$0$0$6,258,438
85$7,859,650$0$0$6,832,850
86$8,584,788$0$0$7,463,838
87$9,381,479$0$0$8,157,109
88$10,256,945$0$0$8,918,950
89$11,219,143$0$0$9,756,289
90$12,276,839$0$0$10,676,755
91$13,439,690$0$0$11,688,757
92$14,718,336$0$0$12,801,556
93$16,124,500$0$0$14,025,358
94$17,671,096$0$0$15,371,407
95$19,372,356$0$0$16,852,089
96$21,243,956$0$0$18,481,054
97$23,303,171$0$0$20,273,340
98$25,569,035$0$0$22,245,517
99$28,062,519$0$0$24,415,841
100$30,806,729$0$0$26,804,429