Can I retire at age 51 with 482,000?

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 $482,000?

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%
1 years$39,803$39,449$39,103$38,765$38,435$38,257
2 years$19,705$19,338$18,982$18,637$18,303$18,123
3 years$13,006$12,637$12,283$11,941$11,612$11,436
4 years$9,657$9,290$8,939$8,603$8,282$8,111
5 years$7,649$7,283$6,937$6,608$6,296$6,131
6 years$6,310$5,947$5,606$5,284$4,982$4,823
7 years$5,354$4,995$4,658$4,344$4,051$3,898
8 years$4,637$4,281$3,951$3,644$3,361$3,214
9 years$4,080$3,728$3,403$3,104$2,830$2,690
10 years$3,635$3,286$2,967$2,676$2,412$2,277
11 years$3,271$2,925$2,612$2,329$2,074$1,945
12 years$2,968$2,625$2,318$2,043$1,797$1,674
13 years$2,711$2,373$2,071$1,803$1,567$1,450
14 years$2,492$2,157$1,861$1,601$1,374$1,262
15 years$2,302$1,970$1,680$1,428$1,210$1,103
16 years$2,135$1,808$1,523$1,278$1,069$968
17 years$1,989$1,665$1,386$1,149$948$852
18 years$1,859$1,538$1,265$1,035$843$752
19 years$1,743$1,426$1,158$935$751$665
20 years$1,638$1,325$1,063$847$671$589
21 years$1,544$1,234$978$769$601$523
22 years$1,458$1,152$901$699$538$465
23 years$1,380$1,077$832$637$483$414
24 years$1,308$1,009$770$581$434$369
25 years$1,243$947$713$530$391$329
26 years$1,182$890$661$485$352$294
27 years$1,126$838$614$444$317$263
28 years$1,074$789$571$407$286$235
29 years$1,026$745$531$373$259$211
30 years$981$703$495$342$234$189
31 years$939$665$461$314$211$169
32 years$900$629$430$289$191$151
33 years$863$596$402$266$173$136
34 years$829$565$375$244$157$122
35 years$796$536$351$225$142$109
36 years$766$508$328$207$128$98
37 years$737$483$307$191$116$88
38 years$709$459$288$176$106$79
39 years$683$436$270$162$96$71
40 years$659$415$253$150$87$64
41 years$636$395$237$138$79$57
42 years$614$376$222$127$71$52
43 years$593$359$209$118$65$46
44 years$573$342$196$109$59$42
45 years$554$326$184$100$53$38
46 years$535$311$173$93$49$34
47 years$518$297$162$86$44$30
48 years$502$283$152$79$40$27
49 years$486$271$143$73$36$25
50 years$471$258$135$68$33$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $482,000, adding $6,162 every year, while hoping to spend $30,254 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: 23/49/28 Blend
50$482,000$482,000$482,000$482,000
51$537,520$511,974$504,503$545,031
52$560,157$504,871$489,214$544,885
53$584,089$496,405$472,399$541,791
54$609,416$486,479$453,974$537,836
55$636,248$474,988$433,853$532,969
56$664,704$461,821$411,946$527,137
57$694,914$446,860$388,156$520,285
58$727,021$429,983$362,386$512,358
59$761,183$411,057$334,531$503,297
60$797,568$389,944$304,483$493,043
61$836,366$366,497$272,129$481,536
62$877,780$340,560$237,350$468,713
63$922,036$311,970$200,024$454,512
64$969,380$280,553$160,021$438,868
65$1,020,082$246,125$117,206$421,717
66$1,074,438$208,493$71,440$402,993
67$1,132,773$167,451$22,576$382,631
68$1,195,443$122,784$0$360,567
69$1,262,841$74,263$0$345,570
70$1,335,395$21,646$0$336,514
71$1,413,577$0$0$326,636
72$1,497,906$0$0$334,975
73$1,588,951$0$0$356,643
74$1,687,338$0$0$380,129
75$1,793,755$0$0$405,603
76$1,908,956$0$0$433,257
77$2,033,774$0$0$463,300
78$2,169,121$0$0$495,962
79$2,316,003$0$0$531,495
80$2,475,523$0$0$570,178
81$2,648,899$0$0$612,318
82$2,837,466$0$0$658,251
83$3,042,697$0$0$708,350
84$3,266,208$0$0$763,021
85$3,509,783$0$0$822,715
86$3,775,380$0$0$887,927
87$4,065,157$0$0$959,201
88$4,381,490$0$0$1,037,137
89$4,726,991$0$0$1,122,396
90$5,104,539$0$0$1,215,705
91$5,517,302$0$0$1,317,864
92$5,968,768$0$0$1,429,755
93$6,462,778$0$0$1,552,349
94$7,003,560$0$0$1,686,716
95$7,595,772$0$0$1,834,034
96$8,244,542$0$0$1,995,598
97$8,955,517$0$0$2,172,839
98$9,734,918$0$0$2,367,330
99$10,589,594$0$0$2,580,803
100$11,527,092$0$0$2,815,169