Can I retire at age 51 with 420,000?

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 $420,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$34,683$34,374$34,073$33,779$33,491$32,869
2 years$17,170$16,850$16,540$16,240$15,948$15,324
3 years$11,333$11,012$10,703$10,405$10,118$9,511
4 years$8,415$8,095$7,789$7,496$7,216$6,631
5 years$6,665$6,346$6,044$5,758$5,486$4,924
6 years$5,498$5,182$4,885$4,605$4,341$3,803
7 years$4,665$4,352$4,059$3,786$3,530$3,016
8 years$4,041$3,731$3,443$3,176$2,929$2,439
9 years$3,556$3,248$2,965$2,705$2,466$2,000
10 years$3,167$2,863$2,585$2,332$2,101$1,659
11 years$2,850$2,549$2,276$2,029$1,807$1,388
12 years$2,586$2,288$2,020$1,780$1,566$1,169
13 years$2,363$2,067$1,805$1,571$1,366$990
14 years$2,171$1,879$1,621$1,395$1,197$843
15 years$2,006$1,717$1,464$1,244$1,054$720
16 years$1,861$1,575$1,327$1,114$932$617
17 years$1,733$1,451$1,208$1,001$826$530
18 years$1,620$1,340$1,102$902$734$456
19 years$1,518$1,242$1,009$815$655$394
20 years$1,427$1,154$926$738$585$340
21 years$1,345$1,075$852$670$523$295
22 years$1,270$1,004$785$609$469$255
23 years$1,202$939$725$555$421$221
24 years$1,140$880$671$506$378$192
25 years$1,083$825$621$462$341$167
26 years$1,030$776$576$422$307$145
27 years$981$730$535$387$277$126
28 years$936$688$497$354$250$110
29 years$894$649$463$325$225$96
30 years$855$613$431$298$204$83
31 years$818$579$402$274$184$73
32 years$784$548$375$252$167$63
33 years$752$519$350$231$151$55
34 years$722$492$327$213$136$48
35 years$694$467$306$196$124$42
36 years$667$443$286$181$112$37
37 years$642$421$268$166$101$32
38 years$618$400$251$153$92$28
39 years$596$380$235$141$83$24
40 years$574$362$220$130$76$21
41 years$554$344$206$120$69$19
42 years$535$328$194$111$62$16
43 years$516$312$182$102$57$14
44 years$499$298$171$95$51$12
45 years$482$284$160$87$47$11
46 years$467$271$150$81$42$9
47 years$452$259$141$75$38$8
48 years$437$247$133$69$35$7
49 years$423$236$125$64$32$6
50 years$410$225$117$59$29$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $420,000, adding $5,834 every year, while hoping to spend $28,663 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: 82/13/5 Blend
50$420,000$420,000$420,000$420,000
51$468,858$446,598$440,088$506,771
52$486,184$437,984$424,334$523,787
53$504,317$427,987$407,091$538,006
54$523,308$416,510$388,280$552,721
55$543,215$403,448$367,816$567,965
56$564,098$388,691$345,613$583,772
57$586,023$372,125$321,578$600,183
58$609,063$353,624$295,616$617,241
59$633,295$333,060$267,627$634,994
60$658,806$310,294$237,508$653,495
61$685,688$285,182$205,148$672,802
62$714,041$257,570$170,433$692,981
63$743,977$227,294$133,246$714,102
64$775,615$194,184$93,463$736,244
65$809,086$158,057$50,952$759,494
66$844,534$118,723$5,580$783,949
67$882,114$75,978$0$809,715
68$921,998$29,609$0$839,196
69$964,371$0$0$870,701
70$1,009,440$0$0$907,035
71$1,057,426$0$0$950,235
72$1,108,576$0$0$996,289
73$1,163,156$0$0$1,045,438
74$1,221,461$0$0$1,097,947
75$1,283,813$0$0$1,154,107
76$1,350,564$0$0$1,214,237
77$1,422,101$0$0$1,278,686
78$1,498,849$0$0$1,347,838
79$1,581,274$0$0$1,422,113
80$1,669,886$0$0$1,501,973
81$1,765,248$0$0$1,587,925
82$1,867,976$0$0$1,680,526
83$1,978,745$0$0$1,780,387
84$2,098,301$0$0$1,888,180
85$2,227,459$0$0$2,004,643
86$2,367,119$0$0$2,130,587
87$2,518,266$0$0$2,266,904
88$2,681,985$0$0$2,414,574
89$2,859,470$0$0$2,574,674
90$3,052,032$0$0$2,748,389
91$3,261,114$0$0$2,937,022
92$3,488,301$0$0$3,142,008
93$3,735,341$0$0$3,364,923
94$4,004,152$0$0$3,607,501
95$4,296,848$0$0$3,871,652
96$4,615,753$0$0$4,159,477
97$4,963,427$0$0$4,473,286
98$5,342,684$0$0$4,815,624
99$5,756,625$0$0$5,189,293
100$6,208,661$0$0$5,597,373