Can I retire at age 51 with 467,000?

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 $467,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$38,564$38,221$37,886$37,559$37,239$35,875
2 years$19,091$18,736$18,391$18,057$17,733$16,374
3 years$12,601$12,244$11,900$11,569$11,251$9,939
4 years$9,357$9,001$8,660$8,335$8,024$6,770
5 years$7,410$7,057$6,721$6,402$6,100$4,907
6 years$6,113$5,762$5,431$5,120$4,826$3,696
7 years$5,187$4,839$4,514$4,209$3,925$2,856
8 years$4,493$4,148$3,828$3,531$3,256$2,248
9 years$3,953$3,612$3,297$3,008$2,742$1,793
10 years$3,522$3,183$2,874$2,593$2,337$1,445
11 years$3,169$2,834$2,531$2,256$2,010$1,173
12 years$2,875$2,544$2,246$1,979$1,741$959
13 years$2,627$2,299$2,006$1,747$1,519$787
14 years$2,414$2,089$1,803$1,551$1,331$649
15 years$2,230$1,909$1,628$1,383$1,172$537
16 years$2,069$1,751$1,476$1,239$1,036$445
17 years$1,927$1,613$1,343$1,113$918$370
18 years$1,801$1,490$1,226$1,003$817$308
19 years$1,688$1,381$1,122$906$728$257
20 years$1,587$1,284$1,030$821$650$214
21 years$1,496$1,196$947$745$582$179
22 years$1,413$1,116$873$677$522$150
23 years$1,337$1,044$806$617$468$125
24 years$1,268$978$746$563$421$105
25 years$1,204$918$691$514$379$88
26 years$1,145$863$640$470$341$74
27 years$1,091$812$595$430$308$62
28 years$1,041$765$553$394$277$52
29 years$994$722$514$361$251$43
30 years$951$681$479$332$226$36
31 years$910$644$447$304$205$31
32 years$872$610$417$280$185$26
33 years$836$577$389$257$168$21
34 years$803$547$364$237$152$18
35 years$771$519$340$218$137$15
36 years$742$493$318$201$124$13
37 years$714$468$298$185$113$11
38 years$687$445$279$170$102$9
39 years$662$423$261$157$93$8
40 years$638$402$245$145$84$6
41 years$616$383$230$134$76$5
42 years$595$365$215$123$69$4
43 years$574$347$202$114$63$4
44 years$555$331$190$105$57$3
45 years$536$316$178$97$52$3
46 years$519$301$167$90$47$2
47 years$502$287$157$83$43$2
48 years$486$274$148$77$39$2
49 years$471$262$139$71$35$1
50 years$456$250$130$65$32$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $467,000, adding $2,005 every year, while hoping to spend $27,721 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: 44/27/29 Blend
50$467,000$467,000$467,000$467,000
51$516,702$491,951$484,713$535,009
52$539,911$486,562$471,456$542,904
53$564,558$479,979$456,825$548,668
54$590,760$472,116$440,747$554,392
55$618,647$462,879$423,141$560,088
56$648,358$452,169$403,925$565,771
57$680,048$439,883$383,014$571,461
58$713,886$425,910$360,318$577,182
59$750,056$410,133$335,742$582,962
60$788,761$392,429$309,189$588,834
61$830,223$372,666$280,555$594,840
62$874,686$350,707$249,734$601,025
63$922,417$326,405$216,613$607,445
64$973,710$299,605$181,076$614,164
65$1,028,887$270,145$143,001$621,253
66$1,088,301$237,850$102,259$628,799
67$1,152,342$202,538$58,719$636,897
68$1,221,435$164,017$12,240$645,658
69$1,296,050$122,082$0$655,209
70$1,376,701$76,518$0$677,254
71$1,463,955$27,098$0$705,188
72$1,558,434$0$0$735,453
73$1,660,822$0$0$776,158
74$1,771,872$0$0$829,086
75$1,892,411$0$0$886,586
76$2,023,349$0$0$949,098
77$2,165,686$0$0$1,017,108
78$2,320,525$0$0$1,091,147
79$2,489,076$0$0$1,171,802
80$2,672,673$0$0$1,259,719
81$2,872,783$0$0$1,355,607
82$3,091,020$0$0$1,460,250
83$3,329,162$0$0$1,574,506
84$3,589,164$0$0$1,699,324
85$3,873,180$0$0$1,835,747
86$4,183,580$0$0$1,984,922
87$4,522,973$0$0$2,148,113
88$4,894,234$0$0$2,326,713
89$5,300,526$0$0$2,522,254
90$5,745,333$0$0$2,736,424
91$6,232,491$0$0$2,971,082
92$6,766,224$0$0$3,228,275
93$7,351,187$0$0$3,510,256
94$7,992,501$0$0$3,819,510
95$8,695,812$0$0$4,158,771
96$9,467,335$0$0$4,531,051
97$10,313,917$0$0$4,939,668
98$11,243,098$0$0$5,388,277
99$12,263,187$0$0$5,880,905
100$13,383,334$0$0$6,421,986