Can I retire at age 51 with 463,000?

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 $463,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$38,234$37,894$37,561$37,237$36,920$35,710
2 years$18,928$18,575$18,234$17,902$17,581$16,373
3 years$12,493$12,139$11,798$11,470$11,154$9,987
4 years$9,277$8,924$8,586$8,264$7,955$6,837
5 years$7,347$6,996$6,663$6,347$6,047$4,982
6 years$6,061$5,713$5,385$5,076$4,785$3,773
7 years$5,143$4,798$4,475$4,173$3,892$2,932
8 years$4,455$4,113$3,795$3,501$3,228$2,321
9 years$3,920$3,581$3,269$2,982$2,719$1,863
10 years$3,492$3,156$2,850$2,570$2,317$1,511
11 years$3,142$2,810$2,509$2,237$1,992$1,235
12 years$2,851$2,522$2,227$1,962$1,727$1,016
13 years$2,604$2,279$1,989$1,732$1,506$840
14 years$2,394$2,072$1,787$1,538$1,320$697
15 years$2,211$1,892$1,614$1,371$1,162$581
16 years$2,051$1,736$1,463$1,228$1,027$485
17 years$1,911$1,599$1,331$1,103$911$406
18 years$1,786$1,478$1,215$994$810$341
19 years$1,674$1,369$1,113$898$722$286
20 years$1,574$1,273$1,021$814$645$241
21 years$1,483$1,185$939$738$577$203
22 years$1,401$1,106$866$671$517$171
23 years$1,326$1,035$799$612$464$144
24 years$1,257$970$739$558$417$121
25 years$1,194$910$685$509$375$103
26 years$1,136$855$635$466$338$87
27 years$1,082$805$590$426$305$73
28 years$1,032$758$548$391$275$62
29 years$986$715$510$358$248$52
30 years$942$676$475$329$224$44
31 years$902$639$443$302$203$37
32 years$864$604$413$277$184$32
33 years$829$572$386$255$166$27
34 years$796$542$361$235$150$23
35 years$765$514$337$216$136$19
36 years$735$488$315$199$123$16
37 years$708$464$295$183$112$14
38 years$681$441$276$169$101$12
39 years$657$419$259$156$92$10
40 years$633$399$243$144$83$8
41 years$611$380$228$133$76$7
42 years$589$362$213$122$69$6
43 years$569$344$200$113$62$5
44 years$550$328$188$104$57$4
45 years$532$313$177$96$51$4
46 years$514$299$166$89$47$3
47 years$498$285$156$82$42$3
48 years$482$272$146$76$38$2
49 years$467$260$138$70$35$2
50 years$452$248$129$65$32$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $463,000, adding $4,736 every year, while hoping to spend $21,028 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: 70/24/6 Blend
50$463,000$463,000$463,000$463,000
51$515,111$490,572$483,396$550,423
52$545,279$492,237$477,216$576,051
53$577,819$493,278$470,124$601,035
54$612,951$493,643$462,068$627,790
55$650,917$493,276$452,992$656,486
56$691,982$492,118$442,838$687,308
57$736,437$490,105$431,547$720,462
58$784,604$487,171$419,054$756,175
59$836,835$483,244$405,294$794,696
60$893,518$478,249$390,197$836,302
61$955,080$472,105$373,692$881,298
62$1,021,989$464,730$355,701$930,018
63$1,094,762$456,031$336,147$982,835
64$1,173,966$445,915$314,947$1,040,156
65$1,260,227$434,281$292,013$1,102,433
66$1,354,231$421,022$267,257$1,170,165
67$1,456,736$406,026$240,584$1,243,900
68$1,568,574$389,172$211,894$1,324,246
69$1,690,663$370,335$181,086$1,411,870
70$1,824,010$349,381$148,052$1,507,512
71$1,969,726$326,169$112,680$1,611,986
72$2,129,036$300,548$74,852$1,726,189
73$2,303,284$272,362$34,446$1,851,114
74$2,493,955$241,443$0$1,987,855
75$2,702,679$207,614$0$2,138,173
76$2,931,254$170,690$0$2,305,233
77$3,181,661$130,472$0$2,488,306
78$3,456,079$86,754$0$2,689,021
79$3,756,909$39,315$0$2,909,175
80$4,086,796$0$0$3,150,749
81$4,448,652$0$0$3,419,117
82$4,845,684$0$0$3,724,992
83$5,281,427$0$0$4,060,716
84$5,759,772$0$0$4,429,290
85$6,285,007$0$0$4,834,021
86$6,861,855$0$0$5,278,553
87$7,495,518$0$0$5,766,899
88$8,191,728$0$0$6,303,478
89$8,956,799$0$0$6,893,162
90$9,797,687$0$0$7,541,315
91$10,722,055$0$0$8,253,849
92$11,738,347$0$0$9,037,277
93$12,855,863$0$0$9,898,772
94$14,084,853$0$0$10,846,240
95$15,436,607$0$0$11,888,390
96$16,923,565$0$0$13,034,818
97$18,559,435$0$0$14,296,097
98$20,359,317$0$0$15,683,876
99$22,339,853$0$0$17,210,991
100$24,519,375$0$0$18,891,582