Can I retire at age 51 with 567,000?

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 $567,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$46,822$46,405$45,998$45,601$45,213$44,355
2 years$23,179$22,748$22,329$21,924$21,530$20,669
3 years$15,299$14,866$14,449$14,047$13,660$12,822
4 years$11,360$10,928$10,515$10,120$9,742$8,935
5 years$8,997$8,568$8,160$7,773$7,406$6,631
6 years$7,423$6,996$6,594$6,216$5,860$5,118
7 years$6,298$5,875$5,480$5,111$4,766$4,058
8 years$5,455$5,036$4,647$4,287$3,954$3,279
9 years$4,800$4,385$4,003$3,652$3,330$2,688
10 years$4,276$3,865$3,490$3,148$2,837$2,228
11 years$3,848$3,441$3,072$2,740$2,440$1,862
12 years$3,491$3,088$2,727$2,403$2,114$1,568
13 years$3,189$2,791$2,436$2,121$1,844$1,327
14 years$2,931$2,537$2,189$1,883$1,616$1,128
15 years$2,708$2,318$1,976$1,679$1,423$963
16 years$2,512$2,126$1,792$1,504$1,258$825
17 years$2,340$1,958$1,630$1,351$1,115$708
18 years$2,187$1,809$1,488$1,218$992$610
19 years$2,050$1,677$1,363$1,100$884$526
20 years$1,927$1,558$1,250$996$789$454
21 years$1,816$1,452$1,150$904$706$393
22 years$1,715$1,355$1,060$822$633$340
23 years$1,623$1,267$979$749$568$295
24 years$1,539$1,187$905$683$511$256
25 years$1,462$1,114$838$624$460$222
26 years$1,391$1,047$778$570$414$193
27 years$1,325$986$722$522$373$168
28 years$1,264$929$671$478$337$146
29 years$1,207$876$625$439$304$127
30 years$1,154$827$582$403$275$110
31 years$1,105$782$542$370$249$96
32 years$1,059$740$506$340$225$84
33 years$1,015$701$473$312$203$73
34 years$975$664$442$287$184$64
35 years$937$630$413$265$167$55
36 years$901$598$386$244$151$48
37 years$867$568$361$225$137$42
38 years$834$540$338$207$124$37
39 years$804$513$317$191$113$32
40 years$775$488$297$176$102$28
41 years$748$465$279$162$93$24
42 years$722$443$261$150$84$21
43 years$697$422$245$138$76$19
44 years$674$402$230$128$69$16
45 years$651$383$216$118$63$14
46 years$630$366$203$109$57$12
47 years$610$349$191$101$52$11
48 years$590$333$179$93$47$9
49 years$571$318$169$86$43$8
50 years$554$304$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 $567,000, adding $2,902 every year, while hoping to spend $33,024 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: 67/14/19 Blend
50$567,000$567,000$567,000$567,000
51$627,827$597,776$588,988$666,752
52$656,729$591,930$573,582$687,317
53$687,471$584,691$556,553$705,699
54$720,207$575,955$537,811$724,999
55$755,105$565,613$517,265$745,308
56$792,347$553,550$494,815$766,725
57$832,135$539,643$470,360$789,360
58$874,689$523,761$443,793$813,335
59$920,251$505,769$415,003$838,788
60$969,084$485,519$383,874$865,870
61$1,021,480$462,859$350,283$894,747
62$1,077,758$437,626$314,104$925,608
63$1,138,266$409,646$275,203$958,659
64$1,203,389$378,739$233,443$994,130
65$1,273,549$344,711$188,677$1,032,275
66$1,349,209$307,360$140,756$1,073,377
67$1,430,877$266,470$89,520$1,117,750
68$1,519,113$221,814$34,806$1,165,740
69$1,614,532$173,151$0$1,217,732
70$1,717,807$120,229$0$1,278,933
71$1,829,683$62,780$0$1,352,876
72$1,950,974$520$0$1,433,058
73$2,082,580$0$0$1,520,098
74$2,225,486$0$0$1,624,975
75$2,380,779$0$0$1,739,061
76$2,549,652$0$0$1,863,157
77$2,733,421$0$0$1,998,231
78$2,933,532$0$0$2,145,351
79$3,151,574$0$0$2,305,692
80$3,389,300$0$0$2,480,545
81$3,648,636$0$0$2,671,333
82$3,931,703$0$0$2,879,622
83$4,240,837$0$0$3,107,133
84$4,578,608$0$0$3,355,765
85$4,947,845$0$0$3,627,607
86$5,351,665$0$0$3,924,957
87$5,793,497$0$0$4,250,348
88$6,277,118$0$0$4,606,568
89$6,806,689$0$0$4,996,686
90$7,386,789$0$0$5,424,085
91$8,022,462$0$0$5,892,487
92$8,719,264$0$0$6,405,993
93$9,483,313$0$0$6,969,119
94$10,321,348$0$0$7,586,841
95$11,240,790$0$0$8,264,636
96$12,249,815$0$0$9,008,541
97$13,357,429$0$0$9,825,203
98$14,573,550$0$0$10,721,944
99$15,909,106$0$0$11,706,832
100$17,376,133$0$0$12,788,754