Can I retire at age 51 with 478,000?

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 $478,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$39,473$39,121$38,778$38,443$38,116$36,677
2 years$19,541$19,177$18,824$18,482$18,151$16,717
3 years$12,898$12,532$12,181$11,842$11,516$10,133
4 years$9,577$9,213$8,864$8,531$8,213$6,892
5 years$7,585$7,223$6,879$6,553$6,243$4,987
6 years$6,257$5,898$5,559$5,240$4,940$3,750
7 years$5,310$4,953$4,620$4,308$4,018$2,893
8 years$4,599$4,246$3,918$3,614$3,333$2,273
9 years$4,047$3,697$3,375$3,079$2,807$1,809
10 years$3,605$3,258$2,942$2,654$2,392$1,455
11 years$3,244$2,901$2,590$2,310$2,057$1,180
12 years$2,943$2,604$2,299$2,026$1,782$962
13 years$2,689$2,353$2,054$1,788$1,554$788
14 years$2,471$2,139$1,845$1,588$1,363$649
15 years$2,283$1,954$1,666$1,416$1,200$535
16 years$2,118$1,793$1,510$1,268$1,060$443
17 years$1,972$1,651$1,374$1,139$940$367
18 years$1,843$1,525$1,255$1,027$836$305
19 years$1,728$1,414$1,149$928$745$254
20 years$1,625$1,314$1,054$840$665$211
21 years$1,531$1,224$970$762$596$176
22 years$1,446$1,142$894$693$534$147
23 years$1,368$1,068$825$631$479$123
24 years$1,298$1,001$763$576$431$102
25 years$1,232$939$707$526$388$86
26 years$1,172$883$656$481$349$72
27 years$1,117$831$609$440$315$60
28 years$1,065$783$566$403$284$50
29 years$1,018$739$527$370$256$42
30 years$973$698$491$339$232$35
31 years$931$659$457$312$209$29
32 years$893$624$427$286$190$25
33 years$856$591$398$263$172$21
34 years$822$560$372$242$155$17
35 years$790$531$348$223$141$14
36 years$759$504$326$205$127$12
37 years$731$479$305$189$115$10
38 years$703$455$285$174$105$8
39 years$678$433$267$161$95$7
40 years$654$412$251$148$86$6
41 years$630$392$235$137$78$5
42 years$609$373$220$126$71$4
43 years$588$356$207$117$64$3
44 years$568$339$194$108$58$3
45 years$549$323$182$99$53$2
46 years$531$308$171$92$48$2
47 years$514$294$161$85$44$2
48 years$497$281$151$78$40$1
49 years$482$268$142$72$36$1
50 years$467$256$134$67$33$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $478,000, adding $4,676 every year, while hoping to spend $24,089 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: 83/11/6 Blend
50$478,000$478,000$478,000$478,000
51$531,579$506,245$498,836$575,119
52$560,170$505,421$489,917$603,425
53$590,869$503,749$479,891$630,764
54$623,867$501,162$468,697$660,030
55$659,372$497,589$456,268$691,401
56$697,612$492,955$442,538$725,073
57$738,839$487,180$427,433$761,263
58$783,328$480,179$410,879$800,207
59$831,382$471,863$392,799$842,170
60$883,335$462,136$373,109$887,438
61$939,553$450,898$351,726$936,330
62$1,000,437$438,042$328,558$989,196
63$1,066,430$423,454$303,514$1,046,423
64$1,138,019$407,017$276,495$1,108,435
65$1,215,739$388,603$247,399$1,175,701
66$1,300,178$368,078$216,121$1,248,738
67$1,391,984$345,301$182,548$1,328,113
68$1,491,868$320,122$146,565$1,414,455
69$1,600,614$292,384$108,051$1,508,453
70$1,719,084$261,918$66,878$1,610,871
71$1,848,227$228,549$22,915$1,722,546
72$1,989,088$192,089$0$1,844,405
73$2,142,815$152,342$0$1,979,003
74$2,310,673$109,098$0$2,127,593
75$2,494,056$62,138$0$2,289,955
76$2,694,497$11,230$0$2,467,465
77$2,913,682$0$0$2,661,639
78$3,153,472$0$0$2,879,456
79$3,415,912$0$0$3,119,345
80$3,703,255$0$0$3,382,007
81$4,017,984$0$0$3,669,712
82$4,362,830$0$0$3,984,960
83$4,740,803$0$0$4,330,503
84$5,155,219$0$0$4,709,371
85$5,609,726$0$0$5,124,905
86$6,108,346$0$0$5,580,781
87$6,655,508$0$0$6,081,051
88$7,256,090$0$0$6,630,175
89$7,915,466$0$0$7,233,069
90$8,639,554$0$0$7,895,147
91$9,434,876$0$0$8,622,372
92$10,308,614$0$0$9,421,315
93$11,268,683$0$0$10,299,212
94$12,323,798$0$0$11,264,039
95$13,483,566$0$0$12,324,578
96$14,758,566$0$0$13,490,508
97$16,160,456$0$0$14,772,491
98$17,702,079$0$0$16,182,274
99$19,397,585$0$0$17,732,798
100$21,262,564$0$0$19,438,324