Can I retire at age 51 with 466,000?

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 $466,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$38,482$38,139$37,805$37,478$37,159$36,756
2 years$19,050$18,696$18,352$18,018$17,695$17,289
3 years$12,574$12,218$11,875$11,545$11,226$10,830
4 years$9,337$8,981$8,642$8,317$8,007$7,623
5 years$7,395$7,042$6,706$6,388$6,087$5,717
6 years$6,100$5,750$5,420$5,109$4,816$4,461
7 years$5,176$4,829$4,504$4,200$3,917$3,576
8 years$4,484$4,139$3,820$3,524$3,249$2,924
9 years$3,945$3,604$3,290$3,001$2,736$2,425
10 years$3,514$3,177$2,868$2,587$2,332$2,035
11 years$3,162$2,828$2,525$2,252$2,005$1,722
12 years$2,869$2,538$2,241$1,975$1,738$1,468
13 years$2,621$2,294$2,002$1,744$1,515$1,259
14 years$2,409$2,085$1,799$1,548$1,328$1,085
15 years$2,225$1,905$1,624$1,380$1,170$939
16 years$2,065$1,748$1,473$1,236$1,034$816
17 years$1,923$1,609$1,340$1,110$917$710
18 years$1,797$1,487$1,223$1,001$815$620
19 years$1,685$1,378$1,120$904$726$543
20 years$1,584$1,281$1,028$819$649$476
21 years$1,493$1,193$945$743$581$418
22 years$1,410$1,114$871$676$520$367
23 years$1,334$1,042$804$615$467$323
24 years$1,265$976$744$561$420$285
25 years$1,201$916$689$513$378$251
26 years$1,143$861$639$469$340$222
27 years$1,089$810$593$429$307$196
28 years$1,039$763$552$393$277$173
29 years$992$720$513$360$250$153
30 years$949$680$478$331$226$136
31 years$908$643$446$304$204$120
32 years$870$608$416$279$185$106
33 years$835$576$388$257$167$94
34 years$801$546$363$236$151$83
35 years$770$518$339$217$137$74
36 years$740$491$317$200$124$66
37 years$712$467$297$185$113$58
38 years$686$444$278$170$102$52
39 years$661$422$261$157$93$46
40 years$637$401$244$145$84$41
41 years$615$382$229$133$76$36
42 years$593$364$215$123$69$32
43 years$573$347$202$114$63$28
44 years$554$330$189$105$57$25
45 years$535$315$178$97$52$22
46 years$518$301$167$90$47$20
47 years$501$287$157$83$43$18
48 years$485$274$147$76$39$16
49 years$470$262$138$71$35$14
50 years$455$250$130$65$32$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $466,000, adding $4,692 every year, while hoping to spend $31,491 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: 74/18/8 Blend
50$466,000$466,000$466,000$466,000
51$518,372$493,674$486,451$555,736
52$537,740$484,358$469,241$571,683
53$558,027$473,530$450,399$584,717
54$579,296$461,082$429,837$598,105
55$601,611$446,902$407,463$611,873
56$625,043$430,868$383,181$626,048
57$649,671$412,854$356,891$640,660
58$675,579$392,725$328,488$655,745
59$702,857$370,339$297,862$671,342
60$731,607$345,544$264,899$687,494
61$761,937$318,181$229,479$704,249
62$793,965$288,082$191,477$721,663
63$827,820$255,069$150,762$739,798
64$863,645$218,954$107,200$758,720
65$901,592$179,538$60,646$778,506
66$941,830$136,612$10,953$799,243
67$984,543$89,952$0$821,025
68$1,029,932$39,325$0$847,551
69$1,078,218$0$0$876,579
70$1,129,640$0$0$910,394
71$1,184,463$0$0$954,760
72$1,242,975$0$0$1,002,125
73$1,305,492$0$0$1,052,745
74$1,372,363$0$0$1,106,903
75$1,443,966$0$0$1,164,908
76$1,520,718$0$0$1,227,101
77$1,603,077$0$0$1,293,853
78$1,691,546$0$0$1,365,574
79$1,786,674$0$0$1,442,713
80$1,889,067$0$0$1,525,763
81$1,999,389$0$0$1,615,264
82$2,118,369$0$0$1,711,811
83$2,246,809$0$0$1,816,057
84$2,385,589$0$0$1,928,721
85$2,535,677$0$0$2,050,589
86$2,698,138$0$0$2,182,531
87$2,874,140$0$0$2,325,497
88$3,064,968$0$0$2,480,538
89$3,272,038$0$0$2,648,804
90$3,496,904$0$0$2,831,565
91$3,741,277$0$0$3,030,213
92$4,007,038$0$0$3,246,282
93$4,296,257$0$0$3,481,461
94$4,611,212$0$0$3,737,607
95$4,954,410$0$0$4,016,761
96$5,328,609$0$0$4,321,174
97$5,736,845$0$0$4,653,320
98$6,182,459$0$0$5,015,923
99$6,669,131$0$0$5,411,983
100$7,200,909$0$0$5,844,801