Can I retire at age 51 with 476,000?

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 $476,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$39,308$38,958$38,616$38,282$37,957$37,797
2 years$19,459$19,097$18,746$18,405$18,075$17,913
3 years$12,844$12,480$12,130$11,792$11,467$11,309
4 years$9,537$9,174$8,827$8,496$8,179$8,025
5 years$7,553$7,193$6,850$6,525$6,217$6,069
6 years$6,231$5,873$5,536$5,218$4,919$4,777
7 years$5,287$4,932$4,601$4,290$4,001$3,863
8 years$4,580$4,228$3,902$3,599$3,319$3,187
9 years$4,030$3,681$3,360$3,066$2,795$2,669
10 years$3,590$3,245$2,930$2,643$2,382$2,260
11 years$3,230$2,889$2,579$2,300$2,048$1,932
12 years$2,931$2,593$2,289$2,017$1,775$1,664
13 years$2,678$2,343$2,045$1,781$1,548$1,442
14 years$2,461$2,130$1,838$1,581$1,357$1,256
15 years$2,273$1,946$1,659$1,410$1,195$1,099
16 years$2,109$1,785$1,504$1,262$1,056$964
17 years$1,964$1,644$1,369$1,134$936$849
18 years$1,836$1,519$1,249$1,022$832$750
19 years$1,721$1,408$1,144$924$742$664
20 years$1,618$1,308$1,050$837$663$589
21 years$1,525$1,219$966$759$593$523
22 years$1,440$1,138$890$690$532$465
23 years$1,363$1,064$822$629$477$415
24 years$1,292$997$760$573$429$370
25 years$1,227$935$704$524$386$330
26 years$1,167$879$653$479$348$295
27 years$1,112$827$606$438$313$264
28 years$1,061$780$564$402$283$237
29 years$1,013$736$524$368$255$212
30 years$969$695$488$338$231$190
31 years$928$657$455$310$209$170
32 years$889$621$425$285$189$153
33 years$852$588$397$262$171$137
34 years$818$558$371$241$155$123
35 years$786$529$347$222$140$111
36 years$756$502$324$205$127$99
37 years$727$477$303$189$115$89
38 years$700$453$284$174$104$80
39 years$675$431$266$160$95$72
40 years$651$410$250$148$86$65
41 years$628$390$234$136$78$58
42 years$606$372$219$126$71$53
43 years$585$354$206$116$64$47
44 years$566$338$193$107$58$43
45 years$547$322$182$99$53$38
46 years$529$307$170$91$48$34
47 years$512$293$160$85$44$31
48 years$495$280$151$78$40$28
49 years$480$267$141$72$36$25
50 years$465$255$133$67$33$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $476,000, adding $3,853 every year, while hoping to spend $31,932 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: 52/39/9 Blend
50$476,000$476,000$476,000$476,000
51$528,526$503,298$495,920$554,600
52$548,461$493,985$478,558$563,451
53$569,358$483,144$459,544$569,303
54$591,283$470,669$438,790$574,915
55$614,306$456,443$416,201$580,273
56$638,502$440,346$391,681$585,360
57$663,955$422,249$365,127$590,163
58$690,754$402,015$336,435$594,667
59$718,997$379,500$305,492$598,860
60$748,792$354,553$272,183$602,729
61$780,254$327,011$236,387$606,264
62$813,511$296,705$197,976$609,456
63$848,700$263,455$156,820$612,300
64$885,973$227,070$112,779$614,790
65$925,496$187,349$65,710$616,927
66$967,448$144,081$15,463$618,712
67$1,012,027$97,040$0$620,153
68$1,059,449$45,990$0$624,925
69$1,109,950$0$0$631,206
70$1,163,788$0$0$641,546
71$1,221,249$0$0$673,675
72$1,282,640$0$0$708,031
73$1,348,304$0$0$744,809
74$1,418,613$0$0$784,222
75$1,493,976$0$0$826,504
76$1,574,841$0$0$871,911
77$1,661,702$0$0$920,724
78$1,755,100$0$0$973,252
79$1,855,626$0$0$1,029,834
80$1,963,934$0$0$1,090,843
81$2,080,739$0$0$1,156,688
82$2,206,827$0$0$1,227,819
83$2,343,062$0$0$1,304,728
84$2,490,395$0$0$1,387,961
85$2,649,867$0$0$1,478,112
86$2,822,628$0$0$1,575,839
87$3,009,939$0$0$1,681,864
88$3,213,186$0$0$1,796,980
89$3,433,896$0$0$1,922,060
90$3,673,747$0$0$2,058,065
91$3,934,584$0$0$2,206,050
92$4,218,440$0$0$2,367,179
93$4,527,549$0$0$2,542,731
94$4,864,370$0$0$2,734,113
95$5,231,609$0$0$2,942,875
96$5,632,246$0$0$3,170,722
97$6,069,558$0$0$3,419,531
98$6,547,155$0$0$3,691,368
99$7,069,010$0$0$3,988,509
100$7,639,497$0$0$4,313,457