Can I retire at age 51 with 428,000?

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 $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%14.1%
1 years$35,344$35,029$34,722$34,422$34,129$33,550
2 years$17,497$17,171$16,855$16,549$16,252$15,670
3 years$11,549$11,221$10,906$10,603$10,311$9,745
4 years$8,575$8,249$7,937$7,639$7,354$6,808
5 years$6,792$6,467$6,160$5,867$5,590$5,066
6 years$5,603$5,281$4,978$4,692$4,423$3,921
7 years$4,754$4,435$4,137$3,858$3,597$3,117
8 years$4,118$3,802$3,508$3,236$2,984$2,526
9 years$3,623$3,310$3,022$2,757$2,513$2,077
10 years$3,228$2,918$2,634$2,376$2,141$1,727
11 years$2,904$2,597$2,319$2,068$1,842$1,448
12 years$2,635$2,331$2,058$1,814$1,596$1,223
13 years$2,408$2,107$1,839$1,601$1,392$1,038
14 years$2,213$1,915$1,652$1,422$1,220$886
15 years$2,044$1,749$1,492$1,268$1,074$759
16 years$1,896$1,605$1,352$1,135$949$652
17 years$1,766$1,478$1,231$1,020$842$562
18 years$1,651$1,366$1,123$919$748$486
19 years$1,547$1,266$1,028$831$667$420
20 years$1,455$1,176$944$752$596$364
21 years$1,371$1,096$868$683$533$316
22 years$1,295$1,023$800$621$478$275
23 years$1,225$957$739$565$429$239
24 years$1,162$896$683$516$386$208
25 years$1,103$841$633$471$347$182
26 years$1,050$791$587$431$313$158
27 years$1,000$744$545$394$282$138
28 years$954$701$507$361$254$121
29 years$911$661$472$331$230$105
30 years$871$625$439$304$207$92
31 years$834$590$409$279$188$81
32 years$799$559$382$256$170$71
33 years$766$529$357$236$154$62
34 years$736$501$333$217$139$54
35 years$707$476$312$200$126$47
36 years$680$451$291$184$114$41
37 years$654$429$273$170$103$36
38 years$630$407$255$156$94$32
39 years$607$387$239$144$85$28
40 years$585$369$224$133$77$24
41 years$565$351$210$123$70$21
42 years$545$334$197$113$63$19
43 years$526$318$185$104$58$16
44 years$509$304$174$96$52$14
45 years$492$289$163$89$47$13
46 years$475$276$153$82$43$11
47 years$460$263$144$76$39$10
48 years$445$252$135$70$36$8
49 years$431$240$127$65$32$7
50 years$418$229$120$60$29$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $428,000, adding $6,901 every year, while hoping to spend $22,684 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: 70/9/21 Blend
50$428,000$428,000$428,000$428,000
51$478,774$456,090$449,456$509,344
52$503,474$454,303$440,378$528,847
53$529,932$451,668$430,234$546,870
54$558,305$448,120$418,967$566,042
55$588,763$443,589$406,513$586,473
56$621,494$438,001$392,808$608,289
57$656,702$431,279$377,783$631,624
58$694,614$423,340$361,367$656,630
59$735,477$414,096$343,485$683,474
60$779,563$403,454$324,060$712,340
61$827,172$391,317$303,009$743,431
62$878,632$377,580$280,248$776,974
63$934,304$362,133$255,688$813,216
64$994,585$344,859$229,236$852,434
65$1,059,912$325,637$200,794$894,931
66$1,130,764$304,334$170,262$941,043
67$1,207,669$280,814$137,534$991,141
68$1,291,209$254,931$102,498$1,045,636
69$1,382,020$226,531$65,040$1,104,981
70$1,480,807$195,451$25,039$1,169,676
71$1,588,341$161,520$0$1,240,273
72$1,705,472$124,556$0$1,321,338
73$1,833,138$84,366$0$1,415,836
74$1,972,367$40,749$0$1,518,923
75$2,124,293$0$0$1,631,456
76$2,290,165$0$0$1,755,019
77$2,471,355$0$0$1,894,423
78$2,669,375$0$0$2,046,798
79$2,885,891$0$0$2,213,429
80$3,122,735$0$0$2,395,729
81$3,381,925$0$0$2,595,254
82$3,665,683$0$0$2,813,718
83$3,976,458$0$0$3,053,009
84$4,316,942$0$0$3,315,204
85$4,690,106$0$0$3,602,594
86$5,099,216$0$0$3,917,697
87$5,547,873$0$0$4,263,293
88$6,040,042$0$0$4,642,437
89$6,580,090$0$0$5,058,499
90$7,172,828$0$0$5,515,190
91$7,823,554$0$0$6,016,596
92$8,538,107$0$0$6,567,219
93$9,322,915$0$0$7,172,019
94$10,185,062$0$0$7,836,459
95$11,132,351$0$0$8,566,558
96$12,173,378$0$0$9,368,948
97$13,317,615$0$0$10,250,931
98$14,575,493$0$0$11,220,557
99$15,958,510$0$0$12,286,692
100$17,479,328$0$0$13,459,105