Can I retire at age 51 with 460,000?

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 $460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$37,986$37,648$37,318$36,996$36,681$36,059
2 years$18,805$18,455$18,115$17,786$17,467$16,842
3 years$12,412$12,060$11,722$11,396$11,082$10,473
4 years$9,216$8,866$8,531$8,210$7,904$7,317
5 years$7,299$6,951$6,620$6,306$6,008$5,444
6 years$6,022$5,676$5,350$5,043$4,754$4,214
7 years$5,110$4,767$4,446$4,146$3,866$3,350
8 years$4,426$4,086$3,770$3,478$3,208$2,715
9 years$3,894$3,557$3,247$2,963$2,701$2,232
10 years$3,469$3,136$2,831$2,554$2,302$1,856
11 years$3,122$2,792$2,493$2,223$1,979$1,556
12 years$2,832$2,506$2,212$1,949$1,715$1,314
13 years$2,588$2,264$1,976$1,721$1,496$1,116
14 years$2,378$2,058$1,776$1,528$1,311$952
15 years$2,197$1,880$1,603$1,363$1,154$816
16 years$2,038$1,725$1,454$1,220$1,020$701
17 years$1,898$1,589$1,323$1,096$905$604
18 years$1,774$1,468$1,207$988$804$522
19 years$1,663$1,361$1,105$893$717$452
20 years$1,563$1,264$1,014$808$640$391
21 years$1,473$1,178$933$734$573$340
22 years$1,391$1,099$860$667$514$295
23 years$1,317$1,028$794$608$461$257
24 years$1,249$963$734$554$414$224
25 years$1,186$904$680$506$373$195
26 years$1,128$850$631$463$336$170
27 years$1,075$800$586$424$303$149
28 years$1,025$753$545$388$273$130
29 years$979$711$507$356$247$113
30 years$936$671$472$327$223$99
31 years$896$635$440$300$202$87
32 years$859$600$411$276$182$76
33 years$824$569$383$253$165$66
34 years$791$539$358$233$149$58
35 years$760$511$335$215$135$51
36 years$731$485$313$198$123$44
37 years$703$461$293$182$111$39
38 years$677$438$275$168$101$34
39 years$652$416$257$155$91$30
40 years$629$396$241$143$83$26
41 years$607$377$226$132$75$23
42 years$586$359$212$122$68$20
43 years$566$342$199$112$62$18
44 years$547$326$187$104$56$15
45 years$528$311$175$96$51$13
46 years$511$297$165$88$46$12
47 years$495$283$155$82$42$10
48 years$479$270$145$75$38$9
49 years$464$258$137$70$35$8
50 years$449$247$129$64$32$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $460,000, adding $2,278 every year, while hoping to spend $33,280 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: 41/43/16 Blend
50$460,000$460,000$460,000$460,000
51$509,270$484,890$477,760$527,659
52$525,806$473,240$458,355$529,244
53$542,913$459,903$437,185$527,533
54$560,614$444,763$414,155$524,972
55$578,934$427,694$389,167$521,499
56$597,899$408,564$362,117$517,050
57$617,536$387,235$332,899$511,555
58$637,873$363,558$301,399$504,944
59$658,940$337,377$267,501$497,139
60$680,771$308,527$231,081$488,062
61$703,399$276,834$192,011$477,627
62$726,860$242,114$150,159$465,746
63$751,194$204,171$105,383$452,325
64$776,441$162,800$57,538$437,267
65$802,644$117,784$6,472$420,467
66$829,851$68,893$0$401,817
67$858,111$15,884$0$389,401
68$887,478$0$0$376,614
69$918,008$0$0$381,888
70$949,763$0$0$395,199
71$982,806$0$0$409,060
72$1,017,210$0$0$423,502
73$1,053,049$0$0$438,558
74$1,090,404$0$0$454,263
75$1,129,363$0$0$470,656
76$1,170,019$0$0$487,777
77$1,212,474$0$0$505,672
78$1,256,837$0$0$524,389
79$1,303,227$0$0$543,979
80$1,351,773$0$0$564,500
81$1,402,611$0$0$586,013
82$1,455,894$0$0$608,584
83$1,511,783$0$0$632,286
84$1,570,455$0$0$657,196
85$1,632,103$0$0$683,400
86$1,696,935$0$0$710,991
87$1,765,178$0$0$740,069
88$1,837,079$0$0$770,745
89$1,912,908$0$0$803,138
90$1,992,957$0$0$837,380
91$2,077,546$0$0$873,612
92$2,167,025$0$0$911,991
93$2,261,774$0$0$952,686
94$2,362,209$0$0$995,885
95$2,468,786$0$0$1,041,789
96$2,582,001$0$0$1,090,621
97$2,702,397$0$0$1,142,625
98$2,830,571$0$0$1,198,068
99$2,967,173$0$0$1,257,241
100$3,112,916$0$0$1,320,464