Can I retire at age 51 with 471,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $471,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$38,895$38,548$38,210$37,880$37,558$36,800
2 years$19,255$18,896$18,549$18,212$17,885$17,124
3 years$12,709$12,349$12,002$11,668$11,347$10,608
4 years$9,437$9,078$8,735$8,406$8,093$7,380
5 years$7,474$7,117$6,778$6,457$6,152$5,469
6 years$6,166$5,812$5,478$5,164$4,868$4,215
7 years$5,232$4,881$4,552$4,245$3,959$3,336
8 years$4,532$4,184$3,861$3,561$3,284$2,691
9 years$3,987$3,643$3,325$3,033$2,766$2,202
10 years$3,552$3,211$2,899$2,615$2,357$1,821
11 years$3,196$2,858$2,552$2,276$2,027$1,520
12 years$2,900$2,565$2,265$1,996$1,756$1,277
13 years$2,649$2,318$2,024$1,762$1,532$1,079
14 years$2,435$2,107$1,818$1,564$1,343$915
15 years$2,249$1,925$1,642$1,395$1,182$780
16 years$2,087$1,766$1,488$1,249$1,045$666
17 years$1,944$1,627$1,354$1,122$926$571
18 years$1,816$1,503$1,236$1,011$824$490
19 years$1,703$1,393$1,132$914$734$422
20 years$1,601$1,295$1,039$828$656$364
21 years$1,509$1,206$955$751$587$314
22 years$1,425$1,126$881$683$526$271
23 years$1,348$1,053$813$622$472$234
24 years$1,279$986$752$567$424$203
25 years$1,214$926$696$518$382$176
26 years$1,155$870$646$474$344$152
27 years$1,100$819$600$434$310$132
28 years$1,050$771$558$397$280$115
29 years$1,003$728$519$364$253$99
30 years$959$687$483$334$228$86
31 years$918$650$451$307$206$75
32 years$879$615$420$282$187$65
33 years$843$582$393$260$169$57
34 years$810$552$367$239$153$49
35 years$778$523$343$220$139$43
36 years$748$497$321$202$126$37
37 years$720$472$300$187$114$32
38 years$693$448$281$172$103$28
39 years$668$426$263$159$94$24
40 years$644$406$247$146$85$21
41 years$621$386$232$135$77$19
42 years$600$368$217$125$70$16
43 years$579$350$204$115$63$14
44 years$560$334$191$106$58$12
45 years$541$319$180$98$52$11
46 years$523$304$169$91$47$9
47 years$506$290$158$84$43$8
48 years$490$277$149$77$39$7
49 years$475$264$140$71$36$6
50 years$460$252$132$66$32$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $471,000, adding $3,918 every year, while hoping to spend $26,701 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: 73/22/5 Blend
50$471,000$471,000$471,000$471,000
51$523,083$498,120$490,820$560,768
52$548,028$494,119$478,853$582,113
53$574,623$489,026$465,590$601,725
54$603,006$482,761$450,959$622,437
55$633,333$475,236$434,887$644,349
56$665,771$466,361$417,293$667,572
57$700,505$456,037$398,098$692,227
58$737,736$444,163$377,214$718,450
59$777,687$430,629$354,552$746,388
60$820,601$415,320$330,020$776,207
61$866,746$398,113$303,519$808,088
62$916,414$378,881$274,947$842,232
63$969,928$357,486$244,197$878,861
64$1,027,642$333,784$211,159$918,222
65$1,089,944$307,622$175,715$960,585
66$1,157,262$278,839$137,745$1,006,251
67$1,230,064$247,264$97,122$1,055,552
68$1,308,868$212,717$53,712$1,108,854
69$1,394,239$175,007$7,378$1,166,563
70$1,486,803$133,933$0$1,229,126
71$1,587,243$89,283$0$1,299,283
72$1,696,316$40,831$0$1,375,903
73$1,814,850$0$0$1,459,204
74$1,943,757$0$0$1,552,684
75$2,084,043$0$0$1,665,193
76$2,236,812$0$0$1,787,732
77$2,403,280$0$0$1,921,280
78$2,584,783$0$0$2,066,913
79$2,782,796$0$0$2,225,814
80$2,998,939$0$0$2,399,288
81$3,234,996$0$0$2,588,769
82$3,492,930$0$0$2,795,837
83$3,774,905$0$0$3,022,231
84$4,083,301$0$0$3,269,865
85$4,420,739$0$0$3,540,849
86$4,790,105$0$0$3,837,502
87$5,194,578$0$0$4,162,382
88$5,637,657$0$0$4,518,303
89$6,123,197$0$0$4,908,366
90$6,655,443$0$0$5,335,985
91$7,239,070$0$0$5,804,921
92$7,879,227$0$0$6,319,315
93$8,581,586$0$0$6,883,730
94$9,352,394$0$0$7,503,190
95$10,198,532$0$0$8,183,231
96$11,127,580$0$0$8,929,949
97$12,147,889$0$0$9,750,061
98$13,268,656$0$0$10,650,967
99$14,500,013$0$0$11,640,816
100$15,853,125$0$0$12,728,589