Can I retire at age 51 with 428,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $428,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$35,344$35,029$34,722$34,422$34,129$33,971
2 years$17,497$17,171$16,855$16,549$16,252$16,092
3 years$11,549$11,221$10,906$10,603$10,311$10,155
4 years$8,575$8,249$7,937$7,639$7,354$7,202
5 years$6,792$6,467$6,160$5,867$5,590$5,444
6 years$5,603$5,281$4,978$4,692$4,423$4,282
7 years$4,754$4,435$4,137$3,858$3,597$3,462
8 years$4,118$3,802$3,508$3,236$2,984$2,854
9 years$3,623$3,310$3,022$2,757$2,513$2,388
10 years$3,228$2,918$2,634$2,376$2,141$2,022
11 years$2,904$2,597$2,319$2,068$1,842$1,727
12 years$2,635$2,331$2,058$1,814$1,596$1,487
13 years$2,408$2,107$1,839$1,601$1,392$1,287
14 years$2,213$1,915$1,652$1,422$1,220$1,121
15 years$2,044$1,749$1,492$1,268$1,074$980
16 years$1,896$1,605$1,352$1,135$949$859
17 years$1,766$1,478$1,231$1,020$842$756
18 years$1,651$1,366$1,123$919$748$667
19 years$1,547$1,266$1,028$831$667$590
20 years$1,455$1,176$944$752$596$523
21 years$1,371$1,096$868$683$533$464
22 years$1,295$1,023$800$621$478$413
23 years$1,225$957$739$565$429$368
24 years$1,162$896$683$516$386$328
25 years$1,103$841$633$471$347$292
26 years$1,050$791$587$431$313$261
27 years$1,000$744$545$394$282$233
28 years$954$701$507$361$254$209
29 years$911$661$472$331$230$187
30 years$871$625$439$304$207$167
31 years$834$590$409$279$188$150
32 years$799$559$382$256$170$135
33 years$766$529$357$236$154$121
34 years$736$501$333$217$139$108
35 years$707$476$312$200$126$97
36 years$680$451$291$184$114$87
37 years$654$429$273$170$103$78
38 years$630$407$255$156$94$70
39 years$607$387$239$144$85$63
40 years$585$369$224$133$77$57
41 years$565$351$210$123$70$51
42 years$545$334$197$113$63$46
43 years$526$318$185$104$58$41
44 years$509$304$174$96$52$37
45 years$492$289$163$89$47$33
46 years$475$276$153$82$43$30
47 years$460$263$144$76$39$27
48 years$445$252$135$70$36$24
49 years$431$240$127$65$32$22
50 years$418$229$120$60$29$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $428,000, adding $2,164 every year, while hoping to spend $22,559 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: 64/14/22 Blend
50$428,000$428,000$428,000$428,000
51$473,888$451,204$444,570$501,392
52$498,222$449,311$435,461$518,291
53$524,282$446,568$425,290$534,015
54$552,220$442,911$413,999$550,677
55$582,204$438,271$401,524$568,370
56$614,416$432,573$387,803$587,198
57$649,057$425,741$372,765$607,276
58$686,349$417,690$356,341$628,731
59$726,535$408,335$338,456$651,704
60$769,879$397,581$319,033$676,354
61$816,676$385,332$297,989$702,852
62$867,247$371,483$275,242$731,392
63$921,945$355,924$250,701$762,186
64$981,158$338,540$224,275$795,471
65$1,045,315$319,206$195,866$831,508
66$1,114,883$297,794$165,374$870,586
67$1,190,381$274,165$132,694$913,025
68$1,272,375$248,175$97,714$959,180
69$1,361,491$219,669$60,321$1,009,442
70$1,458,416$188,486$20,395$1,064,245
71$1,563,905$154,453$0$1,124,069
72$1,678,792$117,389$0$1,194,659
73$1,803,991$77,104$0$1,276,835
74$1,940,511$33,394$0$1,366,486
75$2,089,459$0$0$1,464,362
76$2,252,058$0$0$1,573,440
77$2,429,649$0$0$1,698,223
78$2,623,714$0$0$1,834,609
79$2,835,879$0$0$1,983,746
80$3,067,939$0$0$2,146,898
81$3,321,867$0$0$2,325,457
82$3,599,837$0$0$2,520,956
83$3,904,242$0$0$2,735,082
84$4,237,720$0$0$2,969,695
85$4,603,173$0$0$3,226,840
86$5,003,797$0$0$3,508,772
87$5,443,115$0$0$3,817,975
88$5,925,005$0$0$4,157,182
89$6,453,739$0$0$4,529,407
90$7,034,021$0$0$4,937,966
91$7,671,035$0$0$5,386,516
92$8,370,490$0$0$5,879,081
93$9,138,676$0$0$6,420,096
94$9,982,520$0$0$7,014,447
95$10,909,654$0$0$7,667,517
96$11,928,487$0$0$8,385,234
97$13,048,282$0$0$9,174,131
98$14,279,243$0$0$10,041,403
99$15,632,613$0$0$10,994,980
100$17,120,778$0$0$12,043,596