Can I retire at age 51 with 454,000?

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 $454,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$37,491$37,157$36,831$36,513$36,203$35,356
2 years$18,560$18,214$17,879$17,554$17,239$16,391
3 years$12,250$11,903$11,569$11,247$10,937$10,114
4 years$9,096$8,750$8,419$8,103$7,801$7,009
5 years$7,204$6,860$6,534$6,224$5,930$5,172
6 years$5,943$5,602$5,280$4,977$4,692$3,968
7 years$5,043$4,704$4,388$4,092$3,816$3,126
8 years$4,368$4,033$3,721$3,433$3,166$2,510
9 years$3,843$3,511$3,205$2,924$2,666$2,044
10 years$3,424$3,095$2,794$2,520$2,272$1,683
11 years$3,081$2,755$2,460$2,194$1,954$1,397
12 years$2,795$2,473$2,183$1,924$1,693$1,168
13 years$2,554$2,235$1,951$1,699$1,476$981
14 years$2,347$2,031$1,753$1,508$1,294$828
15 years$2,168$1,856$1,582$1,345$1,139$702
16 years$2,011$1,703$1,435$1,204$1,007$596
17 years$1,873$1,568$1,305$1,082$893$508
18 years$1,751$1,449$1,192$975$794$434
19 years$1,641$1,343$1,091$881$708$371
20 years$1,543$1,248$1,001$798$632$318
21 years$1,454$1,162$921$724$566$272
22 years$1,373$1,085$849$658$507$234
23 years$1,300$1,015$784$600$455$201
24 years$1,232$951$725$547$409$173
25 years$1,170$892$671$499$368$149
26 years$1,113$839$623$457$332$128
27 years$1,061$789$578$418$299$110
28 years$1,012$744$537$383$270$95
29 years$966$702$500$351$244$82
30 years$924$663$466$322$220$71
31 years$885$626$434$296$199$61
32 years$848$593$405$272$180$53
33 years$813$561$378$250$163$45
34 years$781$532$354$230$147$39
35 years$750$504$331$212$134$34
36 years$721$479$309$195$121$29
37 years$694$455$289$180$110$25
38 years$668$432$271$166$99$22
39 years$644$411$254$153$90$19
40 years$621$391$238$141$82$16
41 years$599$372$223$130$74$14
42 years$578$354$209$120$67$12
43 years$558$338$196$111$61$11
44 years$539$322$184$102$55$9
45 years$521$307$173$94$50$8
46 years$504$293$163$87$46$7
47 years$488$279$153$81$42$6
48 years$472$267$144$74$38$5
49 years$458$255$135$69$34$4
50 years$443$243$127$64$31$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $454,000, adding $2,004 every year, while hoping to spend $29,504 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: 58/23/19 Blend
50$454,000$454,000$454,000$454,000
51$502,375$478,313$471,276$528,884
52$522,225$470,358$455,672$539,158
53$543,111$461,025$438,556$546,970
54$565,108$450,214$419,847$554,826
55$588,296$437,822$399,459$562,734
56$612,764$423,737$377,302$570,707
57$638,608$407,842$353,284$578,761
58$665,934$390,014$327,307$586,912
59$694,855$370,121$299,268$595,184
60$725,498$348,025$269,061$603,601
61$758,000$323,579$236,575$612,195
62$792,509$296,628$201,694$621,000
63$829,190$267,007$164,296$630,059
64$868,221$234,545$124,253$639,418
65$909,799$199,057$81,435$649,133
66$954,138$160,350$35,703$659,267
67$1,001,473$118,220$0$669,893
68$1,052,062$72,451$0$683,751
69$1,106,186$22,815$0$706,175
70$1,164,156$0$0$730,060
71$1,226,311$0$0$763,389
72$1,293,022$0$0$805,385
73$1,364,700$0$0$850,535
74$1,441,792$0$0$899,125
75$1,524,791$0$0$951,469
76$1,614,238$0$0$1,007,912
77$1,710,727$0$0$1,068,832
78$1,814,911$0$0$1,134,648
79$1,927,507$0$0$1,205,815
80$2,049,303$0$0$1,282,838
81$2,181,166$0$0$1,366,269
82$2,324,047$0$0$1,456,716
83$2,478,996$0$0$1,554,849
84$2,647,163$0$0$1,661,401
85$2,829,816$0$0$1,777,183
86$3,028,347$0$0$1,903,083
87$3,244,289$0$0$2,040,081
88$3,479,331$0$0$2,189,253
89$3,735,326$0$0$2,351,785
90$4,014,317$0$0$2,528,981
91$4,318,553$0$0$2,722,277
92$4,650,505$0$0$2,933,251
93$5,012,898$0$0$3,163,645
94$5,408,728$0$0$3,415,371
95$5,841,295$0$0$3,690,538
96$6,314,232$0$0$3,991,466
97$6,831,537$0$0$4,320,710
98$7,397,615$0$0$4,681,084
99$8,017,315$0$0$5,075,685
100$8,695,976$0$0$5,507,926