Can I retire at age 51 with 566,000?

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 $566,000?

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$46,740$46,323$45,917$45,521$45,134$44,043
2 years$23,138$22,708$22,290$21,885$21,492$20,400
3 years$15,272$14,840$14,423$14,022$13,636$12,575
4 years$11,340$10,909$10,496$10,102$9,725$8,706
5 years$8,981$8,553$8,146$7,759$7,393$6,417
6 years$7,409$6,984$6,583$6,205$5,850$4,918
7 years$6,287$5,865$5,470$5,102$4,757$3,871
8 years$5,446$5,027$4,639$4,280$3,947$3,104
9 years$4,792$4,377$3,996$3,645$3,324$2,525
10 years$4,269$3,858$3,484$3,142$2,832$2,076
11 years$3,841$3,435$3,067$2,735$2,436$1,721
12 years$3,485$3,083$2,722$2,399$2,111$1,436
13 years$3,184$2,786$2,432$2,118$1,840$1,205
14 years$2,926$2,532$2,185$1,880$1,613$1,016
15 years$2,703$2,313$1,973$1,677$1,421$860
16 years$2,508$2,123$1,789$1,501$1,255$729
17 years$2,336$1,955$1,628$1,349$1,113$620
18 years$2,183$1,806$1,486$1,215$990$529
19 years$2,046$1,674$1,360$1,098$882$452
20 years$1,924$1,556$1,248$995$788$386
21 years$1,813$1,449$1,148$903$705$331
22 years$1,712$1,353$1,058$821$632$284
23 years$1,620$1,265$977$748$567$243
24 years$1,536$1,185$904$682$510$209
25 years$1,459$1,112$837$623$459$180
26 years$1,388$1,045$776$569$413$154
27 years$1,322$984$721$521$373$133
28 years$1,261$927$670$477$336$114
29 years$1,205$875$624$438$304$98
30 years$1,152$826$581$402$274$85
31 years$1,103$781$541$369$248$73
32 years$1,057$739$505$339$224$63
33 years$1,014$700$472$312$203$54
34 years$973$663$441$287$184$47
35 years$935$629$412$264$167$40
36 years$899$597$385$243$151$35
37 years$865$567$361$224$137$30
38 years$833$539$338$207$124$26
39 years$803$512$317$191$112$22
40 years$774$487$297$176$102$19
41 years$747$464$278$162$93$17
42 years$721$442$261$150$84$14
43 years$696$421$245$138$76$12
44 years$672$401$230$128$69$11
45 years$650$383$216$118$63$9
46 years$629$365$203$109$57$8
47 years$608$348$190$101$52$7
48 years$589$333$179$93$47$6
49 years$570$318$168$86$43$5
50 years$553$303$158$79$39$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $566,000, adding $3,219 every year, while hoping to spend $27,506 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: 59/30/11 Blend
50$566,000$566,000$566,000$566,000
51$627,052$597,054$588,281$662,208
52$661,746$597,044$578,723$686,235
53$699,056$596,111$567,922$709,044
54$739,220$594,181$555,808$733,249
55$782,501$591,176$542,308$758,985
56$829,184$587,012$527,344$786,406
57$879,586$581,601$510,834$815,678
58$934,052$574,847$492,695$846,988
59$992,963$566,653$472,839$880,542
60$1,056,737$556,911$451,171$916,568
61$1,125,836$545,511$427,596$955,319
62$1,200,763$532,333$402,013$997,075
63$1,282,076$517,252$374,315$1,042,147
64$1,370,386$500,136$344,393$1,090,879
65$1,466,366$480,843$312,131$1,143,649
66$1,570,757$459,226$277,409$1,200,880
67$1,684,372$435,126$240,100$1,263,036
68$1,808,108$408,377$200,073$1,330,634
69$1,942,951$378,804$157,192$1,404,243
70$2,089,985$346,219$111,311$1,484,495
71$2,250,407$310,426$62,283$1,572,086
72$2,425,529$271,218$9,951$1,667,790
73$2,616,800$228,375$0$1,772,458
74$2,825,812$181,664$0$1,892,423
75$3,054,320$130,840$0$2,024,935
76$3,304,254$75,645$0$2,170,001
77$3,577,740$15,804$0$2,328,917
78$3,877,121$0$0$2,503,113
79$4,204,974$0$0$2,710,337
80$4,564,137$0$0$2,943,113
81$4,957,739$0$0$3,198,256
82$5,389,221$0$0$3,478,005
83$5,862,378$0$0$3,784,824
84$6,381,385$0$0$4,121,429
85$6,950,844$0$0$4,490,810
86$7,575,822$0$0$4,896,260
87$8,261,902$0$0$5,341,410
88$9,015,232$0$0$5,830,256
89$9,842,587$0$0$6,367,200
90$10,751,427$0$0$6,957,094
91$11,749,973$0$0$7,605,281
92$12,847,281$0$0$8,317,647
93$14,053,327$0$0$9,100,679
94$15,379,101$0$0$9,961,521
95$16,836,714$0$0$10,908,045
96$18,439,504$0$0$11,948,923
97$20,202,170$0$0$13,093,711
98$22,140,907$0$0$14,352,937
99$24,273,555$0$0$15,738,199
100$26,619,772$0$0$17,262,277