Can I retire at age 51 with 458,000?

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 $458,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$37,821$37,484$37,156$36,835$36,522$35,552
2 years$18,723$18,375$18,037$17,709$17,391$16,421
3 years$12,358$12,008$11,671$11,346$11,034$10,094
4 years$9,176$8,827$8,493$8,174$7,869$6,966
5 years$7,268$6,921$6,591$6,279$5,982$5,119
6 years$5,996$5,651$5,327$5,021$4,733$3,911
7 years$5,087$4,746$4,427$4,128$3,850$3,067
8 years$4,407$4,068$3,754$3,463$3,194$2,451
9 years$3,877$3,542$3,233$2,950$2,689$1,986
10 years$3,454$3,122$2,819$2,543$2,292$1,627
11 years$3,108$2,779$2,482$2,213$1,971$1,344
12 years$2,820$2,495$2,202$1,941$1,708$1,117
13 years$2,576$2,254$1,968$1,714$1,489$934
14 years$2,368$2,049$1,768$1,521$1,306$784
15 years$2,187$1,872$1,596$1,357$1,149$660
16 years$2,029$1,718$1,447$1,215$1,016$558
17 years$1,890$1,582$1,317$1,091$901$473
18 years$1,766$1,462$1,202$984$801$401
19 years$1,656$1,355$1,101$889$714$341
20 years$1,557$1,259$1,010$805$638$290
21 years$1,467$1,173$929$731$571$247
22 years$1,385$1,094$856$664$511$211
23 years$1,311$1,024$791$605$459$180
24 years$1,243$959$731$552$413$154
25 years$1,181$900$677$504$371$132
26 years$1,123$846$628$461$335$113
27 years$1,070$796$583$422$302$97
28 years$1,021$750$542$386$272$83
29 years$975$708$505$354$246$71
30 years$932$668$470$325$222$61
31 years$892$632$438$299$201$52
32 years$855$598$409$274$182$45
33 years$820$566$382$252$164$38
34 years$787$537$357$232$149$33
35 years$757$509$333$214$135$28
36 years$727$483$312$197$122$24
37 years$700$459$292$181$111$21
38 years$674$436$273$167$100$18
39 years$649$415$256$154$91$15
40 years$626$394$240$142$83$13
41 years$604$375$225$131$75$11
42 years$583$358$211$121$68$10
43 years$563$341$198$112$62$8
44 years$544$325$186$103$56$7
45 years$526$310$175$95$51$6
46 years$509$295$164$88$46$5
47 years$492$282$154$81$42$4
48 years$477$269$145$75$38$4
49 years$462$257$136$69$35$3
50 years$447$246$128$64$31$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $458,000, adding $5,159 every year, while hoping to spend $30,932 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: 51/22/27 Blend
50$458,000$458,000$458,000$458,000
51$510,038$485,764$478,665$531,942
52$529,150$476,655$461,788$538,619
53$549,175$466,062$443,310$542,348
54$570,173$453,882$423,144$545,788
55$592,211$440,002$401,198$548,925
56$615,358$424,303$377,380$551,747
57$639,692$406,662$351,590$554,240
58$665,298$386,946$323,726$556,393
59$692,267$365,015$293,680$558,194
60$720,699$340,722$261,339$559,635
61$750,703$313,909$226,585$560,707
62$782,396$284,412$189,297$561,405
63$815,908$252,056$149,347$561,726
64$851,380$216,656$106,599$561,669
65$888,966$178,018$60,916$561,237
66$928,835$135,935$12,150$560,435
67$971,169$90,189$0$559,276
68$1,016,171$40,551$0$569,266
69$1,064,061$0$0$583,419
70$1,115,079$0$0$601,505
71$1,169,488$0$0$631,291
72$1,227,579$0$0$663,121
73$1,289,667$0$0$697,171
74$1,356,100$0$0$733,637
75$1,427,258$0$0$772,731
76$1,503,558$0$0$814,686
77$1,585,459$0$0$859,760
78$1,673,462$0$0$908,234
79$1,768,120$0$0$960,417
80$1,870,037$0$0$1,016,647
81$1,979,880$0$0$1,077,299
82$2,098,379$0$0$1,142,782
83$2,226,335$0$0$1,213,544
84$2,364,632$0$0$1,290,082
85$2,514,238$0$0$1,372,939
86$2,676,219$0$0$1,462,712
87$2,851,746$0$0$1,560,058
88$3,042,107$0$0$1,665,700
89$3,248,719$0$0$1,780,434
90$3,473,139$0$0$1,905,132
91$3,717,081$0$0$2,040,757
92$3,982,430$0$0$2,188,366
93$4,271,260$0$0$2,349,125
94$4,585,854$0$0$2,524,313
95$4,928,722$0$0$2,715,342
96$5,302,629$0$0$2,923,762
97$5,710,617$0$0$3,151,282
98$6,156,033$0$0$3,399,781
99$6,642,564$0$0$3,671,331
100$7,174,268$0$0$3,968,208