Can I retire at age 51 with 456,000?

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 $456,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$37,656$37,321$36,993$36,674$36,362$36,042
2 years$18,642$18,294$17,958$17,632$17,315$16,993
3 years$12,304$11,956$11,620$11,297$10,986$10,671
4 years$9,136$8,789$8,456$8,139$7,835$7,530
5 years$7,236$6,890$6,562$6,251$5,956$5,662
6 years$5,969$5,627$5,303$4,999$4,713$4,430
7 years$5,065$4,725$4,407$4,110$3,833$3,561
8 years$4,387$4,050$3,738$3,448$3,180$2,920
9 years$3,860$3,527$3,219$2,937$2,678$2,429
10 years$3,439$3,108$2,807$2,532$2,282$2,044
11 years$3,094$2,767$2,471$2,203$1,962$1,736
12 years$2,808$2,484$2,193$1,933$1,700$1,484
13 years$2,565$2,245$1,959$1,706$1,483$1,277
14 years$2,357$2,040$1,760$1,515$1,300$1,104
15 years$2,177$1,864$1,589$1,351$1,144$959
16 years$2,020$1,710$1,441$1,209$1,011$836
17 years$1,882$1,575$1,311$1,087$897$730
18 years$1,759$1,455$1,197$979$797$640
19 years$1,649$1,349$1,096$885$711$562
20 years$1,550$1,253$1,006$801$635$494
21 years$1,460$1,167$925$727$568$436
22 years$1,379$1,090$853$661$509$385
23 years$1,305$1,019$787$602$457$340
24 years$1,238$955$728$549$411$301
25 years$1,176$896$674$502$370$266
26 years$1,118$842$625$459$333$236
27 years$1,065$793$581$420$300$209
28 years$1,016$747$540$385$271$186
29 years$971$705$502$353$245$165
30 years$928$665$468$324$221$146
31 years$889$629$436$297$200$130
32 years$851$595$407$273$181$116
33 years$817$564$380$251$164$103
34 years$784$534$355$231$148$92
35 years$753$507$332$213$134$82
36 years$724$481$311$196$122$73
37 years$697$457$291$181$110$65
38 years$671$434$272$166$100$58
39 years$647$413$255$153$91$51
40 years$623$393$239$142$82$46
41 years$601$374$224$131$75$41
42 years$581$356$210$121$68$36
43 years$561$339$197$111$61$32
44 years$542$323$185$103$56$29
45 years$524$308$174$95$51$26
46 years$507$294$163$88$46$23
47 years$490$281$153$81$42$20
48 years$475$268$144$75$38$18
49 years$460$256$136$69$34$16
50 years$445$244$127$64$31$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $456,000, adding $5,878 every year, while hoping to spend $34,824 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: 34/47/19 Blend
50$456,000$456,000$456,000$456,000
51$508,575$484,407$477,339$522,724
52$523,397$471,091$456,278$520,339
53$538,564$455,954$433,343$514,131
54$554,074$438,873$408,437$506,707
55$569,924$419,712$381,454$497,980
56$586,110$398,332$352,286$487,858
57$602,626$374,582$320,820$476,242
58$619,463$348,306$286,937$463,030
59$636,612$319,337$250,513$448,110
60$654,060$287,498$211,419$431,366
61$671,792$252,603$169,519$412,674
62$689,789$214,455$124,672$391,902
63$708,031$172,846$76,732$368,910
64$726,491$127,557$25,544$343,552
65$745,141$78,355$0$315,669
66$763,947$24,996$0$290,993
67$782,869$0$0$269,359
68$801,863$0$0$262,386
69$820,877$0$0$268,311
70$839,853$0$0$274,184
71$858,724$0$0$279,980
72$877,417$0$0$285,668
73$895,846$0$0$291,216
74$913,916$0$0$296,586
75$931,520$0$0$301,738
76$948,538$0$0$306,625
77$964,835$0$0$311,195
78$980,260$0$0$315,390
79$994,644$0$0$319,144
80$1,007,799$0$0$322,387
81$1,019,514$0$0$325,037
82$1,029,555$0$0$327,005
83$1,037,661$0$0$328,192
84$1,043,541$0$0$328,486
85$1,046,872$0$0$327,765
86$1,047,294$0$0$325,892
87$1,044,410$0$0$322,717
88$1,037,775$0$0$318,070
89$1,026,899$0$0$311,766
90$1,011,237$0$0$303,598
91$990,185$0$0$293,338
92$963,073$0$0$280,734
93$929,159$0$0$265,504
94$887,625$0$0$247,338
95$837,560$0$0$225,895
96$777,959$0$0$200,794
97$707,710$0$0$171,617
98$625,584$0$0$137,899
99$530,220$0$0$99,128
100$420,115$0$0$54,739