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%17%
1 years$37,656$37,321$36,993$36,674$36,362$35,326
2 years$18,642$18,294$17,958$17,632$17,315$16,279
3 years$12,304$11,956$11,620$11,297$10,986$9,982
4 years$9,136$8,789$8,456$8,139$7,835$6,872
5 years$7,236$6,890$6,562$6,251$5,956$5,036
6 years$5,969$5,627$5,303$4,999$4,713$3,837
7 years$5,065$4,725$4,407$4,110$3,833$3,001
8 years$4,387$4,050$3,738$3,448$3,180$2,391
9 years$3,860$3,527$3,219$2,937$2,678$1,932
10 years$3,439$3,108$2,807$2,532$2,282$1,578
11 years$3,094$2,767$2,471$2,203$1,962$1,299
12 years$2,808$2,484$2,193$1,933$1,700$1,076
13 years$2,565$2,245$1,959$1,706$1,483$896
14 years$2,357$2,040$1,760$1,515$1,300$750
15 years$2,177$1,864$1,589$1,351$1,144$630
16 years$2,020$1,710$1,441$1,209$1,011$530
17 years$1,882$1,575$1,311$1,087$897$447
18 years$1,759$1,455$1,197$979$797$378
19 years$1,649$1,349$1,096$885$711$320
20 years$1,550$1,253$1,006$801$635$272
21 years$1,460$1,167$925$727$568$231
22 years$1,379$1,090$853$661$509$196
23 years$1,305$1,019$787$602$457$167
24 years$1,238$955$728$549$411$142
25 years$1,176$896$674$502$370$121
26 years$1,118$842$625$459$333$103
27 years$1,065$793$581$420$300$88
28 years$1,016$747$540$385$271$75
29 years$971$705$502$353$245$64
30 years$928$665$468$324$221$55
31 years$889$629$436$297$200$47
32 years$851$595$407$273$181$40
33 years$817$564$380$251$164$34
34 years$784$534$355$231$148$29
35 years$753$507$332$213$134$25
36 years$724$481$311$196$122$21
37 years$697$457$291$181$110$18
38 years$671$434$272$166$100$15
39 years$647$413$255$153$91$13
40 years$623$393$239$142$82$11
41 years$601$374$224$131$75$10
42 years$581$356$210$121$68$8
43 years$561$339$197$111$61$7
44 years$542$323$185$103$56$6
45 years$524$308$174$95$51$5
46 years$507$294$163$88$46$4
47 years$490$281$153$81$42$4
48 years$475$268$144$75$38$3
49 years$460$256$136$69$34$3
50 years$445$244$127$64$31$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $456,000, adding $4,072 every year, while hoping to spend $20,608 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: 69/15/16 Blend
50$456,000$456,000$456,000$456,000
51$506,712$482,544$475,476$539,498
52$536,470$484,262$469,478$563,575
53$568,573$485,374$462,588$587,078
54$603,237$485,827$454,755$612,271
55$640,703$485,568$445,924$639,319
56$681,231$484,538$436,040$668,403
57$725,112$482,675$425,043$699,722
58$772,662$479,915$412,870$733,498
59$824,231$476,188$399,458$769,975
60$880,201$471,419$384,739$809,420
61$940,995$465,532$368,641$852,132
62$1,007,077$458,444$351,090$898,438
63$1,078,957$450,066$332,010$948,699
64$1,157,197$440,306$311,320$1,003,315
65$1,242,416$429,066$288,934$1,062,727
66$1,335,294$416,242$264,764$1,127,420
67$1,436,579$401,722$238,719$1,197,933
68$1,547,095$385,392$210,701$1,274,856
69$1,667,750$367,127$180,610$1,358,843
70$1,799,540$346,796$148,341$1,450,617
71$1,943,567$324,263$113,784$1,550,972
72$2,101,039$299,380$76,824$1,660,787
73$2,273,289$271,993$37,341$1,781,031
74$2,461,784$241,940$0$1,912,773
75$2,668,138$209,048$0$2,058,011
76$2,894,132$173,135$0$2,224,085
77$3,141,722$134,008$0$2,406,072
78$3,413,068$91,463$0$2,605,580
79$3,710,543$45,288$0$2,824,381
80$4,036,765$0$0$3,064,430
81$4,394,616$0$0$3,328,663
82$4,787,270$0$0$3,626,822
83$5,218,223$0$0$3,954,091
84$5,691,327$0$0$4,313,397
85$6,210,824$0$0$4,707,965
86$6,781,388$0$0$5,141,350
87$7,408,167$0$0$5,617,465
88$8,096,832$0$0$6,140,622
89$8,853,631$0$0$6,715,572
90$9,685,449$0$0$7,347,548
91$10,599,866$0$0$8,042,315
92$11,605,240$0$0$8,806,226
93$12,710,773$0$0$9,646,279
94$13,926,608$0$0$10,570,185
95$15,263,916$0$0$11,586,439
96$16,735,009$0$0$12,704,401
97$18,353,451$0$0$13,934,383
98$20,134,184$0$0$15,287,749
99$22,093,676$0$0$16,777,018
100$24,250,068$0$0$18,415,985