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%15.6%
1 years$39,390$39,039$38,697$38,363$38,037$37,162
2 years$19,500$19,137$18,785$18,444$18,113$17,237
3 years$12,871$12,506$12,155$11,817$11,491$10,641
4 years$9,557$9,193$8,846$8,514$8,196$7,378
5 years$7,569$7,208$6,865$6,539$6,230$5,447
6 years$6,244$5,886$5,548$5,229$4,930$4,182
7 years$5,298$4,943$4,610$4,299$4,009$3,296
8 years$4,589$4,237$3,910$3,607$3,326$2,648
9 years$4,038$3,689$3,368$3,072$2,801$2,158
10 years$3,597$3,252$2,936$2,648$2,387$1,777
11 years$3,237$2,895$2,585$2,305$2,053$1,476
12 years$2,937$2,598$2,294$2,022$1,779$1,235
13 years$2,683$2,348$2,049$1,785$1,551$1,038
14 years$2,466$2,134$1,841$1,584$1,360$877
15 years$2,278$1,950$1,663$1,413$1,197$743
16 years$2,113$1,789$1,507$1,265$1,058$632
17 years$1,968$1,647$1,372$1,137$938$539
18 years$1,840$1,522$1,252$1,024$834$460
19 years$1,725$1,411$1,146$926$743$394
20 years$1,621$1,311$1,052$838$664$338
21 years$1,528$1,221$968$761$594$290
22 years$1,443$1,140$892$692$533$249
23 years$1,366$1,066$823$630$478$214
24 years$1,295$999$762$575$430$184
25 years$1,230$937$705$525$387$159
26 years$1,170$881$654$480$348$137
27 years$1,114$829$607$439$314$118
28 years$1,063$781$565$402$283$102
29 years$1,015$737$525$369$256$88
30 years$971$696$489$339$231$76
31 years$929$658$456$311$209$66
32 years$891$623$426$286$189$57
33 years$854$590$398$263$171$49
34 years$820$559$371$242$155$42
35 years$788$530$347$223$140$37
36 years$758$503$325$205$127$32
37 years$729$478$304$189$115$27
38 years$702$454$285$174$104$24
39 years$676$432$267$161$95$20
40 years$652$411$250$148$86$18
41 years$629$391$234$137$78$15
42 years$607$372$220$126$71$13
43 years$587$355$206$116$64$11
44 years$567$338$194$107$58$10
45 years$548$323$182$99$53$9
46 years$530$308$171$92$48$7
47 years$513$294$161$85$44$6
48 years$496$280$151$78$40$6
49 years$481$268$142$72$36$5
50 years$466$256$133$67$33$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $477,000, adding $2,048 every year, while hoping to spend $37,632 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: 53/39/8 Blend
50$477,000$477,000$477,000$477,000
51$527,767$502,486$495,092$554,593
52$541,559$487,067$471,637$557,599
53$555,496$469,632$446,136$556,593
54$569,554$450,042$418,479$554,602
55$583,704$428,149$388,554$551,537
56$597,914$403,800$356,242$547,308
57$612,144$376,830$321,419$541,815
58$626,354$347,065$283,957$534,952
59$640,493$314,323$243,721$526,603
60$654,508$278,409$200,570$516,647
61$668,336$239,119$154,358$504,951
62$681,907$196,236$104,929$491,373
63$695,142$149,532$52,125$475,761
64$707,953$98,766$0$457,950
65$720,241$43,682$0$438,125
66$731,894$0$0$420,507
67$742,790$0$0$407,314
68$752,788$0$0$412,318
69$761,734$0$0$416,682
70$769,456$0$0$420,303
71$775,762$0$0$423,069
72$780,437$0$0$424,854
73$783,243$0$0$425,518
74$783,917$0$0$424,905
75$782,164$0$0$422,843
76$777,658$0$0$419,141
77$770,038$0$0$413,586
78$758,902$0$0$405,943
79$743,805$0$0$395,950
80$724,254$0$0$383,320
81$699,704$0$0$367,730
82$669,549$0$0$348,828
83$633,120$0$0$326,221
84$589,676$0$0$299,476
85$538,399$0$0$268,111
86$478,381$0$0$231,597
87$408,621$0$0$189,348
88$328,011$0$0$140,713
89$235,327$0$0$84,978
90$129,216$0$0$21,350
91$8,182$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0