Can I retire at age 51 with 423,000?

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 $423,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$34,931$34,620$34,316$34,020$33,731$32,560
2 years$17,293$16,970$16,658$16,356$16,062$14,895
3 years$11,414$11,090$10,779$10,479$10,191$9,063
4 years$8,475$8,153$7,844$7,550$7,268$6,189
5 years$6,712$6,392$6,088$5,799$5,525$4,498
6 years$5,537$5,219$4,920$4,637$4,372$3,397
7 years$4,699$4,383$4,088$3,813$3,555$2,632
8 years$4,070$3,757$3,467$3,198$2,950$2,078
9 years$3,581$3,271$2,986$2,724$2,484$1,663
10 years$3,190$2,884$2,604$2,348$2,116$1,344
11 years$2,871$2,567$2,292$2,044$1,820$1,095
12 years$2,604$2,304$2,034$1,793$1,577$898
13 years$2,379$2,082$1,817$1,583$1,375$740
14 years$2,187$1,893$1,633$1,405$1,206$612
15 years$2,020$1,729$1,474$1,253$1,062$508
16 years$1,874$1,586$1,337$1,122$938$423
17 years$1,745$1,461$1,216$1,008$832$353
18 years$1,631$1,350$1,110$908$740$295
19 years$1,529$1,251$1,016$821$659$247
20 years$1,438$1,163$933$743$589$207
21 years$1,355$1,083$858$675$527$173
22 years$1,280$1,011$791$613$472$145
23 years$1,211$945$730$559$424$122
24 years$1,148$886$675$510$381$103
25 years$1,091$831$625$465$343$86
26 years$1,037$781$580$425$309$73
27 years$988$735$539$389$279$61
28 years$943$693$501$357$251$51
29 years$900$654$466$327$227$43
30 years$861$617$434$300$205$36
31 years$824$584$405$276$185$31
32 years$790$552$378$253$168$26
33 years$758$523$353$233$152$22
34 years$727$496$329$214$137$18
35 years$699$470$308$197$124$16
36 years$672$446$288$182$113$13
37 years$646$424$270$168$102$11
38 years$622$403$253$154$93$9
39 years$600$383$237$142$84$8
40 years$578$364$222$131$76$7
41 years$558$347$208$121$69$6
42 years$539$330$195$112$63$5
43 years$520$315$183$103$57$4
44 years$503$300$172$95$52$3
45 years$486$286$161$88$47$3
46 years$470$273$152$81$43$2
47 years$455$260$142$75$39$2
48 years$440$249$134$69$35$2
49 years$426$237$126$64$32$1
50 years$413$227$118$59$29$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $423,000, adding $6,011 every year, while hoping to spend $27,453 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: 48/23/29 Blend
50$423,000$423,000$423,000$423,000
51$472,346$449,927$443,371$490,858
52$491,316$442,764$429,014$497,337
53$511,300$434,330$413,256$501,215
54$532,374$424,533$396,021$504,899
55$554,618$413,277$377,230$508,386
56$578,121$400,460$356,799$511,673
57$602,980$385,973$334,643$514,759
58$629,300$369,702$310,669$517,646
59$657,197$351,525$284,785$520,336
60$686,796$331,314$256,889$522,836
61$718,234$308,934$226,881$525,154
62$751,663$284,241$194,650$527,304
63$787,247$257,083$160,085$529,302
64$825,166$227,300$123,068$531,170
65$865,619$194,723$83,476$532,935
66$908,820$159,173$41,181$534,630
67$955,007$120,460$0$536,293
68$1,004,441$78,385$0$539,197
69$1,057,405$32,737$0$555,853
70$1,114,213$0$0$573,614
71$1,175,207$0$0$596,835
72$1,240,764$0$0$630,730
73$1,311,297$0$0$667,234
74$1,387,260$0$0$706,583
75$1,469,150$0$0$749,043
76$1,557,515$0$0$794,900
77$1,652,957$0$0$844,472
78$1,756,136$0$0$898,109
79$1,867,778$0$0$956,193
80$1,988,682$0$0$1,019,145
81$2,119,726$0$0$1,087,429
82$2,261,874$0$0$1,161,554
83$2,416,189$0$0$1,242,081
84$2,583,837$0$0$1,329,627
85$2,766,103$0$0$1,424,869
86$2,964,399$0$0$1,528,554
87$3,180,281$0$0$1,641,503
88$3,415,458$0$0$1,764,619
89$3,671,813$0$0$1,898,897
90$3,951,418$0$0$2,045,431
91$4,256,552$0$0$2,205,426
92$4,589,726$0$0$2,380,209
93$4,953,703$0$0$2,571,240
94$5,351,523$0$0$2,780,125
95$5,786,536$0$0$3,008,635
96$6,262,429$0$0$3,258,719
97$6,783,261$0$0$3,532,522
98$7,353,504$0$0$3,832,407
99$7,978,079$0$0$4,160,977
100$8,662,408$0$0$4,521,098