Can I retire at age 51 with 463,000?

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 $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%18.7%
1 years$38,234$37,894$37,561$37,237$36,920$35,624
2 years$18,928$18,575$18,234$17,902$17,581$16,289
3 years$12,493$12,139$11,798$11,470$11,154$9,907
4 years$9,277$8,924$8,586$8,264$7,955$6,762
5 years$7,347$6,996$6,663$6,347$6,047$4,911
6 years$6,061$5,713$5,385$5,076$4,785$3,707
7 years$5,143$4,798$4,475$4,173$3,892$2,871
8 years$4,455$4,113$3,795$3,501$3,228$2,265
9 years$3,920$3,581$3,269$2,982$2,719$1,811
10 years$3,492$3,156$2,850$2,570$2,317$1,463
11 years$3,142$2,810$2,509$2,237$1,992$1,191
12 years$2,851$2,522$2,227$1,962$1,727$976
13 years$2,604$2,279$1,989$1,732$1,506$804
14 years$2,394$2,072$1,787$1,538$1,320$665
15 years$2,211$1,892$1,614$1,371$1,162$551
16 years$2,051$1,736$1,463$1,228$1,027$458
17 years$1,911$1,599$1,331$1,103$911$382
18 years$1,786$1,478$1,215$994$810$319
19 years$1,674$1,369$1,113$898$722$267
20 years$1,574$1,273$1,021$814$645$223
21 years$1,483$1,185$939$738$577$187
22 years$1,401$1,106$866$671$517$157
23 years$1,326$1,035$799$612$464$132
24 years$1,257$970$739$558$417$111
25 years$1,194$910$685$509$375$93
26 years$1,136$855$635$466$338$78
27 years$1,082$805$590$426$305$66
28 years$1,032$758$548$391$275$55
29 years$986$715$510$358$248$47
30 years$942$676$475$329$224$39
31 years$902$639$443$302$203$33
32 years$864$604$413$277$184$28
33 years$829$572$386$255$166$23
34 years$796$542$361$235$150$20
35 years$765$514$337$216$136$17
36 years$735$488$315$199$123$14
37 years$708$464$295$183$112$12
38 years$681$441$276$169$101$10
39 years$657$419$259$156$92$8
40 years$633$399$243$144$83$7
41 years$611$380$228$133$76$6
42 years$589$362$213$122$69$5
43 years$569$344$200$113$62$4
44 years$550$328$188$104$57$4
45 years$532$313$177$96$51$3
46 years$514$299$166$89$47$3
47 years$498$285$156$82$42$2
48 years$482$272$146$76$38$2
49 years$467$260$138$70$35$1
50 years$452$248$129$65$32$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $463,000, adding $3,242 every year, while hoping to spend $37,310 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: 49/42/9 Blend
50$463,000$463,000$463,000$463,000
51$513,570$489,031$481,855$537,349
52$526,257$473,296$458,299$538,242
53$538,987$455,540$432,704$535,005
54$551,726$435,623$404,962$530,623
55$564,433$413,400$374,960$525,001
56$577,065$388,716$342,580$518,036
57$589,569$361,407$307,700$509,615
58$601,888$331,299$270,191$499,621
59$613,958$298,210$229,920$487,925
60$625,705$261,946$186,746$474,390
61$637,048$222,302$140,523$458,867
62$647,895$179,062$91,098$441,198
63$658,142$131,999$38,312$421,212
64$667,677$80,871$0$398,725
65$676,369$25,423$0$375,272
66$684,077$0$0$352,946
67$690,640$0$0$343,853
68$695,882$0$0$345,767
69$699,604$0$0$346,833
70$701,588$0$0$346,929
71$701,589$0$0$345,924
72$699,335$0$0$343,670
73$694,526$0$0$340,004
74$686,829$0$0$334,744
75$675,872$0$0$327,690
76$661,246$0$0$318,618
77$642,495$0$0$307,282
78$619,117$0$0$293,409
79$590,554$0$0$276,697
80$556,188$0$0$256,811
81$515,336$0$0$233,382
82$467,244$0$0$205,999
83$411,077$0$0$174,211
84$345,909$0$0$137,517
85$270,721$0$0$95,365
86$184,383$0$0$47,144
87$85,650$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0