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%12.4%
1 years$37,986$37,648$37,318$36,996$36,681$36,313
2 years$18,805$18,455$18,115$17,786$17,467$17,097
3 years$12,412$12,060$11,722$11,396$11,082$10,720
4 years$9,216$8,866$8,531$8,210$7,904$7,554
5 years$7,299$6,951$6,620$6,306$6,008$5,671
6 years$6,022$5,676$5,350$5,043$4,754$4,430
7 years$5,110$4,767$4,446$4,146$3,866$3,555
8 years$4,426$4,086$3,770$3,478$3,208$2,910
9 years$3,894$3,557$3,247$2,963$2,701$2,416
10 years$3,469$3,136$2,831$2,554$2,302$2,030
11 years$3,122$2,792$2,493$2,223$1,979$1,720
12 years$2,832$2,506$2,212$1,949$1,715$1,469
13 years$2,588$2,264$1,976$1,721$1,496$1,261
14 years$2,378$2,058$1,776$1,528$1,311$1,088
15 years$2,197$1,880$1,603$1,363$1,154$943
16 years$2,038$1,725$1,454$1,220$1,020$820
17 years$1,898$1,589$1,323$1,096$905$715
18 years$1,774$1,468$1,207$988$804$625
19 years$1,663$1,361$1,105$893$717$548
20 years$1,563$1,264$1,014$808$640$481
21 years$1,473$1,178$933$734$573$423
22 years$1,391$1,099$860$667$514$373
23 years$1,317$1,028$794$608$461$328
24 years$1,249$963$734$554$414$290
25 years$1,186$904$680$506$373$256
26 years$1,128$850$631$463$336$226
27 years$1,075$800$586$424$303$200
28 years$1,025$753$545$388$273$177
29 years$979$711$507$356$247$157
30 years$936$671$472$327$223$139
31 years$896$635$440$300$202$123
32 years$859$600$411$276$182$109
33 years$824$569$383$253$165$97
34 years$791$539$358$233$149$86
35 years$760$511$335$215$135$77
36 years$731$485$313$198$123$68
37 years$703$461$293$182$111$60
38 years$677$438$275$168$101$54
39 years$652$416$257$155$91$48
40 years$629$396$241$143$83$42
41 years$607$377$226$132$75$38
42 years$586$359$212$122$68$33
43 years$566$342$199$112$62$30
44 years$547$326$187$104$56$26
45 years$528$311$175$96$51$24
46 years$511$297$165$88$46$21
47 years$495$283$155$82$42$19
48 years$479$270$145$75$38$17
49 years$464$258$137$70$35$15
50 years$449$247$129$64$32$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $460,000, adding $6,855 every year, while hoping to spend $30,084 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: 36/44/20 Blend
50$460,000$460,000$460,000$460,000
51$513,991$489,611$482,481$529,165
52$534,409$481,593$466,635$532,828
53$555,901$472,173$449,250$533,479
54$578,546$461,252$430,242$533,560
55$602,427$448,723$409,525$533,039
56$627,638$434,474$387,007$531,881
57$654,278$418,385$362,594$530,052
58$682,459$400,330$336,185$527,516
59$712,299$380,176$307,677$524,238
60$743,931$357,781$276,961$520,183
61$777,497$332,997$243,924$515,315
62$813,153$305,666$208,447$509,600
63$851,071$275,621$170,407$503,001
64$891,439$242,685$129,674$495,487
65$934,462$206,672$86,114$487,024
66$980,364$167,386$39,585$477,582
67$1,029,391$124,618$0$467,132
68$1,081,814$78,149$0$457,797
69$1,137,927$27,747$0$456,560
70$1,198,056$0$0$454,980
71$1,262,556$0$0$466,071
72$1,331,818$0$0$492,452
73$1,406,269$0$0$520,857
74$1,486,380$0$0$551,472
75$1,572,668$0$0$584,501
76$1,665,699$0$0$620,167
77$1,766,097$0$0$658,716
78$1,874,546$0$0$700,419
79$1,991,799$0$0$745,574
80$2,118,683$0$0$794,505
81$2,256,105$0$0$847,574
82$2,405,066$0$0$905,175
83$2,566,664$0$0$967,742
84$2,742,109$0$0$1,035,753
85$2,932,728$0$0$1,109,734
86$3,139,985$0$0$1,190,265
87$3,365,488$0$0$1,277,980
88$3,611,007$0$0$1,373,581
89$3,878,489$0$0$1,477,839
90$4,170,077$0$0$1,591,602
91$4,488,131$0$0$1,715,803
92$4,835,247$0$0$1,851,472
93$5,214,283$0$0$1,999,740
94$5,628,384$0$0$2,161,853
95$6,081,015$0$0$2,339,183
96$6,575,987$0$0$2,533,240
97$7,117,500$0$0$2,745,688
98$7,710,176$0$0$2,978,358
99$8,359,106$0$0$3,233,269
100$9,069,895$0$0$3,512,640