Can I retire at age 51 with 419,000?

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 $419,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$34,601$34,292$33,992$33,698$33,412$32,099
2 years$17,129$16,810$16,501$16,201$15,910$14,604
3 years$11,306$10,986$10,677$10,380$10,094$8,835
4 years$8,395$8,076$7,770$7,478$7,199$5,997
5 years$6,649$6,331$6,030$5,744$5,473$4,330
6 years$5,485$5,170$4,873$4,594$4,330$3,249
7 years$4,654$4,342$4,050$3,777$3,522$2,501
8 years$4,031$3,722$3,434$3,168$2,922$1,960
9 years$3,547$3,240$2,958$2,699$2,460$1,557
10 years$3,160$2,856$2,579$2,326$2,096$1,249
11 years$2,843$2,543$2,270$2,024$1,803$1,010
12 years$2,580$2,282$2,015$1,776$1,562$821
13 years$2,357$2,062$1,800$1,568$1,362$671
14 years$2,166$1,875$1,617$1,392$1,194$551
15 years$2,001$1,713$1,460$1,241$1,052$453
16 years$1,856$1,571$1,324$1,111$929$374
17 years$1,729$1,447$1,205$998$824$309
18 years$1,616$1,337$1,100$900$733$256
19 years$1,515$1,239$1,007$813$653$212
20 years$1,424$1,152$924$736$583$176
21 years$1,342$1,073$850$668$522$146
22 years$1,267$1,001$783$608$468$122
23 years$1,200$936$723$553$420$101
24 years$1,137$877$669$505$378$84
25 years$1,080$823$620$461$340$70
26 years$1,028$774$575$421$306$59
27 years$979$728$534$386$276$49
28 years$934$686$496$353$249$41
29 years$892$647$462$324$225$34
30 years$853$611$430$297$203$28
31 years$816$578$401$273$184$24
32 years$782$547$374$251$166$20
33 years$750$518$349$231$150$16
34 years$720$491$326$212$136$14
35 years$692$466$305$196$123$11
36 years$665$442$285$180$112$10
37 years$640$420$267$166$101$8
38 years$617$399$250$153$92$7
39 years$594$379$234$141$83$6
40 years$573$361$220$130$75$5
41 years$553$344$206$120$68$4
42 years$533$327$193$111$62$3
43 years$515$312$181$102$56$3
44 years$498$297$170$94$51$2
45 years$481$283$160$87$46$2
46 years$465$270$150$81$42$2
47 years$450$258$141$74$38$1
48 years$436$246$132$69$35$1
49 years$422$235$125$64$32$1
50 years$409$225$117$59$29$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $419,000, adding $6,416 every year, while hoping to spend $25,862 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: 54/20/26 Blend
50$419,000$419,000$419,000$419,000
51$468,356$446,149$439,655$489,964
52$488,611$440,493$426,866$499,907
53$510,066$433,694$412,782$507,527
54$532,815$425,667$397,333$515,294
55$556,962$416,325$380,443$523,233
56$582,621$405,573$362,037$531,371
57$609,915$393,314$342,032$539,738
58$638,982$379,441$320,346$548,371
59$669,969$363,845$296,888$557,313
60$703,040$346,407$271,568$566,610
61$738,374$327,005$244,289$576,317
62$776,165$305,505$214,950$586,496
63$816,629$281,770$183,446$597,217
64$860,002$255,653$149,668$608,561
65$906,541$226,999$113,500$620,618
66$956,529$195,643$74,824$633,489
67$1,010,278$161,413$33,514$647,291
68$1,068,130$124,126$0$662,153
69$1,130,459$83,587$0$681,153
70$1,197,676$39,594$0$711,637
71$1,270,235$0$0$744,520
72$1,348,633$0$0$781,826
73$1,433,415$0$0$831,626
74$1,525,183$0$0$885,562
75$1,624,596$0$0$944,026
76$1,732,381$0$0$1,007,450
77$1,849,334$0$0$1,076,308
78$1,976,335$0$0$1,151,122
79$2,114,349$0$0$1,232,465
80$2,264,437$0$0$1,320,969
81$2,427,769$0$0$1,417,328
82$2,605,630$0$0$1,522,307
83$2,799,435$0$0$1,636,746
84$3,010,741$0$0$1,761,572
85$3,241,262$0$0$1,897,804
86$3,492,884$0$0$2,046,562
87$3,767,684$0$0$2,209,082
88$4,067,946$0$0$2,386,723
89$4,396,188$0$0$2,580,981
90$4,755,180$0$0$2,793,505
91$5,147,972$0$0$3,026,107
92$5,577,924$0$0$3,280,786
93$6,048,733$0$0$3,559,742
94$6,564,474$0$0$3,865,397
95$7,129,632$0$0$4,200,420
96$7,749,147$0$0$4,567,749
97$8,428,459$0$0$4,970,621
98$9,173,562$0$0$5,412,599
99$9,991,055$0$0$5,897,612
100$10,888,209$0$0$6,429,982