Can I retire at age 51 with 458,000?

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 $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%11%
1 years$37,821$37,484$37,156$36,835$36,522$36,368
2 years$18,723$18,375$18,037$17,709$17,391$17,236
3 years$12,358$12,008$11,671$11,346$11,034$10,882
4 years$9,176$8,827$8,493$8,174$7,869$7,722
5 years$7,268$6,921$6,591$6,279$5,982$5,840
6 years$5,996$5,651$5,327$5,021$4,733$4,596
7 years$5,087$4,746$4,427$4,128$3,850$3,717
8 years$4,407$4,068$3,754$3,463$3,194$3,067
9 years$3,877$3,542$3,233$2,950$2,689$2,568
10 years$3,454$3,122$2,819$2,543$2,292$2,175
11 years$3,108$2,779$2,482$2,213$1,971$1,859
12 years$2,820$2,495$2,202$1,941$1,708$1,601
13 years$2,576$2,254$1,968$1,714$1,489$1,387
14 years$2,368$2,049$1,768$1,521$1,306$1,208
15 years$2,187$1,872$1,596$1,357$1,149$1,057
16 years$2,029$1,718$1,447$1,215$1,016$928
17 years$1,890$1,582$1,317$1,091$901$817
18 years$1,766$1,462$1,202$984$801$722
19 years$1,656$1,355$1,101$889$714$639
20 years$1,557$1,259$1,010$805$638$566
21 years$1,467$1,173$929$731$571$503
22 years$1,385$1,094$856$664$511$448
23 years$1,311$1,024$791$605$459$399
24 years$1,243$959$731$552$413$356
25 years$1,181$900$677$504$371$318
26 years$1,123$846$628$461$335$284
27 years$1,070$796$583$422$302$254
28 years$1,021$750$542$386$272$228
29 years$975$708$505$354$246$204
30 years$932$668$470$325$222$183
31 years$892$632$438$299$201$164
32 years$855$598$409$274$182$147
33 years$820$566$382$252$164$132
34 years$787$537$357$232$149$119
35 years$757$509$333$214$135$106
36 years$727$483$312$197$122$96
37 years$700$459$292$181$111$86
38 years$674$436$273$167$100$77
39 years$649$415$256$154$91$70
40 years$626$394$240$142$83$63
41 years$604$375$225$131$75$56
42 years$583$358$211$121$68$51
43 years$563$341$198$112$62$46
44 years$544$325$186$103$56$41
45 years$526$310$175$95$51$37
46 years$509$295$164$88$46$33
47 years$492$282$154$81$42$30
48 years$477$269$145$75$38$27
49 years$462$257$136$69$35$24
50 years$447$246$128$64$31$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $458,000, adding $5,350 every year, while hoping to spend $32,836 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: 43/42/15 Blend
50$458,000$458,000$458,000$458,000
51$510,235$485,961$478,862$529,736
52$527,341$474,835$459,966$532,822
53$545,092$462,065$439,337$532,485
54$563,519$447,533$416,882$531,412
55$582,654$431,118$392,504$529,550
56$602,533$412,691$366,101$526,842
57$623,193$392,115$337,568$523,230
58$644,676$369,246$306,793$518,653
59$667,025$343,931$273,663$513,045
60$690,286$316,008$238,055$506,340
61$714,509$285,306$199,843$498,466
62$739,748$251,645$158,897$489,349
63$766,060$214,834$115,078$478,910
64$793,509$174,671$68,244$467,069
65$822,160$130,943$18,244$453,740
66$852,087$83,426$0$438,834
67$883,367$31,882$0$427,879
68$916,086$0$0$418,639
69$950,335$0$0$419,182
70$986,212$0$0$435,202
71$1,023,825$0$0$452,013
72$1,063,291$0$0$469,671
73$1,104,737$0$0$488,234
74$1,148,298$0$0$507,765
75$1,194,126$0$0$528,336
76$1,242,383$0$0$550,021
77$1,293,245$0$0$572,903
78$1,346,905$0$0$597,073
79$1,403,573$0$0$622,629
80$1,463,479$0$0$649,679
81$1,526,874$0$0$678,339
82$1,594,028$0$0$708,738
83$1,665,243$0$0$741,015
84$1,740,843$0$0$775,324
85$1,821,185$0$0$811,833
86$1,906,659$0$0$850,725
87$1,997,693$0$0$892,200
88$2,094,753$0$0$936,478
89$2,198,353$0$0$983,802
90$2,309,052$0$0$1,034,434
91$2,427,467$0$0$1,088,664
92$2,554,271$0$0$1,146,811
93$2,690,204$0$0$1,209,222
94$2,836,077$0$0$1,276,280
95$2,992,781$0$0$1,348,406
96$3,161,292$0$0$1,426,059
97$3,342,684$0$0$1,509,747
98$3,538,134$0$0$1,600,025
99$3,748,937$0$0$1,697,505
100$3,976,514$0$0$1,802,857