Can I retire at age 51 with 477,000?

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 $477,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$39,390$39,039$38,697$38,363$38,037$37,718
2 years$19,500$19,137$18,785$18,444$18,113$17,791
3 years$12,871$12,506$12,155$11,817$11,491$11,178
4 years$9,557$9,193$8,846$8,514$8,196$7,892
5 years$7,569$7,208$6,865$6,539$6,230$5,937
6 years$6,244$5,886$5,548$5,229$4,930$4,648
7 years$5,298$4,943$4,610$4,299$4,009$3,739
8 years$4,589$4,237$3,910$3,607$3,326$3,067
9 years$4,038$3,689$3,368$3,072$2,801$2,553
10 years$3,597$3,252$2,936$2,648$2,387$2,149
11 years$3,237$2,895$2,585$2,305$2,053$1,826
12 years$2,937$2,598$2,294$2,022$1,779$1,563
13 years$2,683$2,348$2,049$1,785$1,551$1,346
14 years$2,466$2,134$1,841$1,584$1,360$1,164
15 years$2,278$1,950$1,663$1,413$1,197$1,012
16 years$2,113$1,789$1,507$1,265$1,058$882
17 years$1,968$1,647$1,372$1,137$938$772
18 years$1,840$1,522$1,252$1,024$834$677
19 years$1,725$1,411$1,146$926$743$595
20 years$1,621$1,311$1,052$838$664$523
21 years$1,528$1,221$968$761$594$462
22 years$1,443$1,140$892$692$533$408
23 years$1,366$1,066$823$630$478$361
24 years$1,295$999$762$575$430$319
25 years$1,230$937$705$525$387$283
26 years$1,170$881$654$480$348$251
27 years$1,114$829$607$439$314$223
28 years$1,063$781$565$402$283$198
29 years$1,015$737$525$369$256$176
30 years$971$696$489$339$231$156
31 years$929$658$456$311$209$139
32 years$891$623$426$286$189$124
33 years$854$590$398$263$171$110
34 years$820$559$371$242$155$98
35 years$788$530$347$223$140$87
36 years$758$503$325$205$127$78
37 years$729$478$304$189$115$69
38 years$702$454$285$174$104$62
39 years$676$432$267$161$95$55
40 years$652$411$250$148$86$49
41 years$629$391$234$137$78$44
42 years$607$372$220$126$71$39
43 years$587$355$206$116$64$35
44 years$567$338$194$107$58$31
45 years$548$323$182$99$53$28
46 years$530$308$171$92$48$25
47 years$513$294$161$85$44$22
48 years$496$280$151$78$40$20
49 years$481$268$142$72$36$18
50 years$466$256$133$67$33$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $477,000, adding $3,508 every year, while hoping to spend $28,822 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: 37/39/24 Blend
50$477,000$477,000$477,000$477,000
51$529,273$503,992$496,598$544,935
52$552,592$498,021$482,568$550,745
53$577,324$490,791$467,101$554,098
54$603,582$482,211$450,120$557,147
55$631,491$472,183$431,543$559,883
56$661,186$460,603$411,283$562,297
57$692,817$447,362$389,250$564,383
58$726,546$432,345$365,352$566,137
59$762,551$415,428$339,489$567,558
60$801,030$396,482$311,560$568,646
61$842,194$375,369$281,457$569,407
62$886,281$351,945$249,069$569,849
63$933,547$326,056$214,278$569,986
64$984,276$297,539$176,963$569,836
65$1,038,777$266,224$136,997$569,425
66$1,097,392$231,929$94,246$568,784
67$1,160,495$194,461$48,571$567,953
68$1,228,495$153,620$0$566,980
69$1,301,845$109,191$0$565,970
70$1,381,041$60,949$0$578,225
71$1,466,625$8,654$0$591,417
72$1,559,199$0$0$605,689
73$1,659,418$0$0$641,775
74$1,768,007$0$0$684,954
75$1,885,761$0$0$731,835
76$2,013,554$0$0$782,774
77$2,152,349$0$0$838,162
78$2,303,204$0$0$898,429
79$2,467,282$0$0$964,049
80$2,645,864$0$0$1,035,542
81$2,840,360$0$0$1,113,482
82$3,052,320$0$0$1,198,500
83$3,283,450$0$0$1,291,291
84$3,535,629$0$0$1,392,618
85$3,810,924$0$0$1,503,323
86$4,111,611$0$0$1,624,333
87$4,440,196$0$0$1,756,668
88$4,799,436$0$0$1,901,451
89$5,192,368$0$0$2,059,917
90$5,622,335$0$0$2,233,430
91$6,093,021$0$0$2,423,488
92$6,608,478$0$0$2,631,743
93$7,173,172$0$0$2,860,013
94$7,792,020$0$0$3,110,302
95$8,470,436$0$0$3,384,815
96$9,214,386$0$0$3,685,981
97$10,030,436$0$0$4,016,479
98$10,925,824$0$0$4,379,254
99$11,908,519$0$0$4,777,555
100$12,987,298$0$0$5,214,959