Can I retire at age 51 with 470,000?

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 $470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$38,812$38,466$38,129$37,800$37,478$36,279
2 years$19,214$18,856$18,509$18,173$17,847$16,649
3 years$12,682$12,323$11,977$11,644$11,323$10,165
4 years$9,417$9,058$8,716$8,389$8,076$6,966
5 years$7,458$7,102$6,764$6,443$6,139$5,081
6 years$6,153$5,799$5,466$5,153$4,857$3,852
7 years$5,221$4,870$4,543$4,236$3,950$2,997
8 years$4,522$4,175$3,852$3,554$3,277$2,376
9 years$3,979$3,635$3,318$3,027$2,760$1,909
10 years$3,545$3,204$2,893$2,609$2,352$1,550
11 years$3,190$2,852$2,547$2,271$2,022$1,269
12 years$2,894$2,560$2,260$1,992$1,753$1,045
13 years$2,644$2,314$2,019$1,759$1,528$865
14 years$2,430$2,103$1,814$1,561$1,340$719
15 years$2,244$1,921$1,638$1,392$1,180$600
16 years$2,082$1,763$1,485$1,247$1,043$502
17 years$1,939$1,623$1,351$1,120$924$421
18 years$1,813$1,500$1,234$1,009$822$353
19 years$1,699$1,390$1,129$912$733$297
20 years$1,597$1,292$1,037$826$654$250
21 years$1,505$1,203$953$750$586$211
22 years$1,422$1,123$879$682$525$178
23 years$1,346$1,050$811$621$471$151
24 years$1,276$984$750$566$423$127
25 years$1,212$924$695$517$381$108
26 years$1,153$868$645$473$343$91
27 years$1,098$817$599$433$309$77
28 years$1,048$770$556$396$279$65
29 years$1,001$726$518$364$252$55
30 years$957$686$482$334$228$47
31 years$916$648$450$306$206$40
32 years$878$613$420$282$186$34
33 years$842$581$392$259$169$28
34 years$808$551$366$238$153$24
35 years$776$522$342$219$138$20
36 years$746$496$320$202$125$17
37 years$718$471$300$186$114$15
38 years$692$447$281$172$103$12
39 years$666$425$263$158$93$11
40 years$643$405$246$146$85$9
41 years$620$385$231$135$77$8
42 years$598$367$217$124$70$6
43 years$578$350$203$115$63$5
44 years$558$333$191$106$57$5
45 years$540$318$179$98$52$4
46 years$522$303$168$90$47$3
47 years$505$289$158$83$43$3
48 years$489$276$149$77$39$2
49 years$474$264$140$71$35$2
50 years$459$252$131$66$32$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $470,000, adding $2,236 every year, while hoping to spend $21,923 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: 49/36/15 Blend
50$470,000$470,000$470,000$470,000
51$520,246$495,336$488,051$543,474
52$549,986$496,282$481,075$560,670
53$582,024$496,539$473,131$576,889
54$616,571$496,051$464,162$594,025
55$653,861$494,757$454,111$612,170
56$694,148$492,593$442,917$631,431
57$737,713$489,492$430,516$651,921
58$784,863$485,380$416,842$673,771
59$835,937$480,182$401,824$697,124
60$891,308$473,817$385,391$722,138
61$951,386$466,198$367,465$748,990
62$1,016,619$457,234$347,968$777,878
63$1,087,505$446,829$326,815$809,019
64$1,164,588$434,880$303,920$842,656
65$1,248,466$421,280$279,193$879,057
66$1,339,801$405,914$252,537$918,521
67$1,439,318$388,661$223,854$961,378
68$1,547,815$369,392$193,040$1,007,996
69$1,666,173$347,973$159,987$1,058,781
70$1,795,358$324,259$124,582$1,114,185
71$1,936,435$298,099$86,706$1,174,706
72$2,090,578$269,332$46,238$1,240,900
73$2,259,078$237,790$3,047$1,313,378
74$2,443,355$203,292$0$1,392,820
75$2,644,974$165,651$0$1,486,868
76$2,865,659$124,666$0$1,590,433
77$3,107,308$80,126$0$1,703,970
78$3,372,009$31,808$0$1,828,525
79$3,662,064$0$0$1,965,251
80$3,980,007$0$0$2,123,553
81$4,328,629$0$0$2,310,996
82$4,711,005$0$0$2,516,641
83$5,130,519$0$0$2,742,313
84$5,590,903$0$0$2,990,027
85$6,096,263$0$0$3,262,000
86$6,651,126$0$0$3,560,674
87$7,260,475$0$0$3,888,740
88$7,929,802$0$0$4,249,162
89$8,665,157$0$0$4,645,207
90$9,473,203$0$0$5,080,471
91$10,361,282$0$0$5,558,917
92$11,337,482$0$0$6,084,913
93$12,410,714$0$0$6,663,268
94$13,590,795$0$0$7,299,283
95$14,888,542$0$0$7,998,796
96$16,315,870$0$0$8,768,242
97$17,885,910$0$0$9,614,710
98$19,613,127$0$0$10,546,008
99$21,513,461$0$0$11,570,742
100$23,604,471$0$0$12,698,394