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%14.2%
1 years$38,234$37,894$37,561$37,237$36,920$36,279
2 years$18,928$18,575$18,234$17,902$17,581$16,937
3 years$12,493$12,139$11,798$11,470$11,154$10,527
4 years$9,277$8,924$8,586$8,264$7,955$7,351
5 years$7,347$6,996$6,663$6,347$6,047$5,467
6 years$6,061$5,713$5,385$5,076$4,785$4,229
7 years$5,143$4,798$4,475$4,173$3,892$3,360
8 years$4,455$4,113$3,795$3,501$3,228$2,722
9 years$3,920$3,581$3,269$2,982$2,719$2,236
10 years$3,492$3,156$2,850$2,570$2,317$1,858
11 years$3,142$2,810$2,509$2,237$1,992$1,557
12 years$2,851$2,522$2,227$1,962$1,727$1,314
13 years$2,604$2,279$1,989$1,732$1,506$1,115
14 years$2,394$2,072$1,787$1,538$1,320$951
15 years$2,211$1,892$1,614$1,371$1,162$814
16 years$2,051$1,736$1,463$1,228$1,027$699
17 years$1,911$1,599$1,331$1,103$911$602
18 years$1,786$1,478$1,215$994$810$520
19 years$1,674$1,369$1,113$898$722$449
20 years$1,574$1,273$1,021$814$645$389
21 years$1,483$1,185$939$738$577$338
22 years$1,401$1,106$866$671$517$293
23 years$1,326$1,035$799$612$464$255
24 years$1,257$970$739$558$417$222
25 years$1,194$910$685$509$375$193
26 years$1,136$855$635$466$338$169
27 years$1,082$805$590$426$305$147
28 years$1,032$758$548$391$275$128
29 years$986$715$510$358$248$112
30 years$942$676$475$329$224$98
31 years$902$639$443$302$203$85
32 years$864$604$413$277$184$75
33 years$829$572$386$255$166$65
34 years$796$542$361$235$150$57
35 years$765$514$337$216$136$50
36 years$735$488$315$199$123$44
37 years$708$464$295$183$112$38
38 years$681$441$276$169$101$33
39 years$657$419$259$156$92$29
40 years$633$399$243$144$83$26
41 years$611$380$228$133$76$22
42 years$589$362$213$122$69$20
43 years$569$344$200$113$62$17
44 years$550$328$188$104$57$15
45 years$532$313$177$96$51$13
46 years$514$299$166$89$47$11
47 years$498$285$156$82$42$10
48 years$482$272$146$76$38$9
49 years$467$260$138$70$35$8
50 years$452$248$129$65$32$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $463,000, adding $3,731 every year, while hoping to spend $32,092 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: 65/12/23 Blend
50$463,000$463,000$463,000$463,000
51$514,075$489,536$482,359$544,206
52$532,364$479,377$464,372$554,788
53$551,444$467,645$444,708$562,390
54$571,361$454,229$423,275$569,961
55$592,165$439,011$399,979$577,501
56$613,910$421,867$374,723$585,010
57$636,656$402,666$347,403$592,489
58$660,465$381,267$317,912$599,940
59$685,408$357,524$286,137$607,368
60$711,558$331,282$251,961$614,779
61$738,998$302,375$215,262$622,182
62$767,814$270,630$175,912$629,587
63$798,103$235,862$133,777$637,007
64$829,968$197,879$88,717$644,461
65$863,523$156,473$40,588$651,968
66$898,891$111,429$0$659,554
67$936,206$62,517$0$669,893
68$975,614$9,496$0$691,177
69$1,017,276$0$0$713,516
70$1,061,365$0$0$743,326
71$1,108,071$0$0$776,248
72$1,157,602$0$0$811,177
73$1,210,185$0$0$848,275
74$1,266,069$0$0$887,719
75$1,325,524$0$0$929,704
76$1,388,850$0$0$974,441
77$1,456,370$0$0$1,022,164
78$1,528,442$0$0$1,073,126
79$1,605,456$0$0$1,127,608
80$1,687,841$0$0$1,185,915
81$1,776,066$0$0$1,248,384
82$1,870,646$0$0$1,315,381
83$1,972,145$0$0$1,387,312
84$2,081,185$0$0$1,464,619
85$2,198,445$0$0$1,547,788
86$2,324,672$0$0$1,637,356
87$2,460,687$0$0$1,733,907
88$2,607,390$0$0$1,838,088
89$2,765,773$0$0$1,950,605
90$2,936,922$0$0$2,072,238
91$3,122,033$0$0$2,203,841
92$3,322,419$0$0$2,346,355
93$3,539,527$0$0$2,500,814
94$3,774,943$0$0$2,668,355
95$4,030,415$0$0$2,850,227
96$4,307,863$0$0$3,047,805
97$4,609,402$0$0$3,262,602
98$4,937,354$0$0$3,496,283
99$5,294,278$0$0$3,750,676
100$5,682,987$0$0$4,027,798