Can I retire at age 51 with 431,000?

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 $431,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$35,592$35,275$34,965$34,663$34,369$32,992
2 years$17,620$17,291$16,973$16,665$16,366$14,996
3 years$11,630$11,300$10,983$10,677$10,383$9,064
4 years$8,635$8,307$7,993$7,693$7,405$6,146
5 years$6,839$6,513$6,203$5,909$5,629$4,433
6 years$5,642$5,318$5,013$4,725$4,454$3,322
7 years$4,787$4,466$4,166$3,885$3,623$2,554
8 years$4,147$3,828$3,533$3,259$3,005$2,000
9 years$3,649$3,333$3,043$2,776$2,531$1,586
10 years$3,250$2,938$2,653$2,393$2,156$1,271
11 years$2,925$2,616$2,335$2,082$1,855$1,026
12 years$2,654$2,348$2,073$1,827$1,607$834
13 years$2,424$2,122$1,852$1,613$1,401$680
14 years$2,228$1,928$1,664$1,431$1,229$557
15 years$2,058$1,762$1,502$1,277$1,082$458
16 years$1,909$1,616$1,362$1,143$956$377
17 years$1,779$1,489$1,239$1,027$848$311
18 years$1,662$1,375$1,131$926$754$258
19 years$1,558$1,275$1,036$836$672$213
20 years$1,465$1,185$951$757$600$177
21 years$1,380$1,103$874$687$537$147
22 years$1,304$1,030$806$625$481$122
23 years$1,234$963$744$569$432$101
24 years$1,170$903$688$519$388$84
25 years$1,111$847$637$474$349$70
26 years$1,057$796$591$434$315$58
27 years$1,007$749$549$397$284$48
28 years$961$706$510$364$256$40
29 years$917$666$475$333$231$34
30 years$877$629$442$306$209$28
31 years$840$595$412$281$189$23
32 years$805$563$385$258$171$19
33 years$772$533$359$238$155$16
34 years$741$505$336$219$140$13
35 years$712$479$314$201$127$11
36 years$685$455$294$185$115$9
37 years$659$432$275$171$104$8
38 years$634$410$257$157$94$6
39 years$611$390$241$145$86$5
40 years$589$371$226$134$78$4
41 years$568$353$212$123$70$4
42 years$549$337$199$114$64$3
43 years$530$321$186$105$58$3
44 years$512$306$175$97$53$2
45 years$495$291$164$90$48$2
46 years$479$278$154$83$43$2
47 years$463$265$145$77$39$1
48 years$449$253$136$71$36$1
49 years$434$242$128$65$33$1
50 years$421$231$120$60$30$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $431,000, adding $2,787 every year, while hoping to spend $27,595 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: 46/24/30 Blend
50$431,000$431,000$431,000$431,000
51$477,837$454,994$448,313$495,576
52$497,215$447,928$433,971$501,389
53$517,646$439,590$418,223$504,828
54$539,206$429,891$400,994$508,039
55$561,981$418,731$382,203$511,016
56$586,064$406,010$361,768$513,756
57$611,557$391,619$339,602$516,254
58$638,570$375,443$315,613$518,511
59$667,224$357,359$289,706$520,528
60$697,652$337,241$261,782$522,309
61$729,998$314,951$231,737$523,860
62$764,421$290,347$199,464$525,193
63$801,093$263,276$164,847$526,322
64$840,206$233,577$127,771$527,266
65$881,966$201,082$88,110$528,049
66$926,601$165,610$45,737$528,703
67$974,362$126,972$516$529,263
68$1,025,521$84,968$0$529,777
69$1,080,380$39,387$0$545,578
70$1,139,267$0$0$562,619
71$1,202,545$0$0$583,496
72$1,270,609$0$0$617,177
73$1,343,896$0$0$653,480
74$1,422,885$0$0$692,647
75$1,508,101$0$0$734,942
76$1,600,121$0$0$780,658
77$1,699,581$0$0$830,116
78$1,807,177$0$0$883,669
79$1,923,676$0$0$941,703
80$2,049,922$0$0$1,004,646
81$2,186,841$0$0$1,072,966
82$2,335,452$0$0$1,147,179
83$2,496,876$0$0$1,227,852
84$2,672,347$0$0$1,315,609
85$2,863,220$0$0$1,411,136
86$3,070,989$0$0$1,515,189
87$3,297,295$0$0$1,628,599
88$3,543,947$0$0$1,752,282
89$3,812,932$0$0$1,887,243
90$4,106,439$0$0$2,034,591
91$4,426,879$0$0$2,195,546
92$4,776,904$0$0$2,371,452
93$5,159,434$0$0$2,563,788
94$5,577,683$0$0$2,774,180
95$6,035,191$0$0$3,004,422
96$6,535,855$0$0$3,256,489
97$7,083,967$0$0$3,532,552
98$7,684,253$0$0$3,835,008
99$8,341,915$0$0$4,166,491
100$9,062,686$0$0$4,529,905