Can I retire at age 51 with 483,000?

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 $483,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$39,886$39,530$39,184$38,845$38,515$37,661
2 years$19,745$19,378$19,021$18,676$18,341$17,484
3 years$13,033$12,664$12,308$11,966$11,636$10,804
4 years$9,677$9,309$8,957$8,621$8,299$7,498
5 years$7,664$7,298$6,951$6,621$6,309$5,542
6 years$6,323$5,960$5,617$5,295$4,992$4,259
7 years$5,365$5,005$4,668$4,354$4,060$3,361
8 years$4,647$4,290$3,959$3,652$3,368$2,704
9 years$4,089$3,735$3,410$3,111$2,836$2,206
10 years$3,643$3,293$2,973$2,681$2,417$1,819
11 years$3,278$2,931$2,617$2,334$2,078$1,513
12 years$2,974$2,631$2,323$2,047$1,801$1,267
13 years$2,717$2,378$2,075$1,807$1,571$1,067
14 years$2,497$2,161$1,865$1,604$1,377$902
15 years$2,306$1,974$1,683$1,431$1,212$766
16 years$2,140$1,811$1,526$1,281$1,071$652
17 years$1,993$1,668$1,389$1,151$950$557
18 years$1,863$1,541$1,268$1,037$845$476
19 years$1,746$1,429$1,161$937$753$408
20 years$1,642$1,328$1,065$849$672$351
21 years$1,547$1,237$980$770$602$301
22 years$1,461$1,154$903$700$539$259
23 years$1,383$1,080$834$638$484$223
24 years$1,311$1,011$771$582$435$193
25 years$1,245$949$714$531$392$166
26 years$1,185$892$662$486$353$143
27 years$1,128$840$615$445$318$124
28 years$1,077$791$572$407$287$107
29 years$1,028$746$532$374$259$93
30 years$983$705$496$343$234$80
31 years$941$666$462$315$212$69
32 years$902$630$431$289$191$60
33 years$865$597$403$266$173$52
34 years$830$566$376$245$157$45
35 years$798$537$352$225$142$39
36 years$767$509$329$208$129$34
37 years$738$484$308$191$117$29
38 years$711$460$288$176$106$25
39 years$685$437$270$163$96$22
40 years$660$416$253$150$87$19
41 years$637$396$237$138$79$16
42 years$615$377$223$128$72$14
43 years$594$359$209$118$65$12
44 years$574$343$196$109$59$11
45 years$555$327$184$101$54$9
46 years$537$312$173$93$49$8
47 years$519$297$163$86$44$7
48 years$503$284$153$79$40$6
49 years$487$271$144$73$36$5
50 years$472$259$135$68$33$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $483,000, adding $5,467 every year, while hoping to spend $25,541 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: 50/38/12 Blend
50$483,000$483,000$483,000$483,000
51$537,905$512,306$504,820$562,794
52$565,596$510,234$494,556$578,369
53$595,255$507,204$483,092$592,145
54$627,057$503,142$470,361$606,534
55$661,192$497,971$456,293$621,604
56$697,868$491,607$440,814$637,425
57$737,317$483,962$423,847$654,081
58$779,790$474,942$405,313$671,663
59$825,564$464,450$385,126$690,275
60$874,944$452,380$363,200$710,030
61$928,263$438,621$339,442$731,059
62$985,889$423,057$313,756$753,504
63$1,048,225$405,563$286,043$777,527
64$1,115,716$386,007$256,197$803,307
65$1,188,849$364,251$224,110$831,042
66$1,268,160$340,148$189,666$860,958
67$1,354,239$313,543$152,747$893,300
68$1,447,736$284,270$113,228$928,348
69$1,549,363$252,158$70,979$966,407
70$1,659,906$217,021$25,865$1,007,822
71$1,780,228$178,667$0$1,052,973
72$1,911,280$136,890$0$1,105,137
73$2,054,107$91,475$0$1,165,651
74$2,209,861$42,192$0$1,231,743
75$2,379,808$0$0$1,304,016
76$2,565,343$0$0$1,387,819
77$2,768,001$0$0$1,498,674
78$2,989,471$0$0$1,619,869
79$3,231,613$0$0$1,752,429
80$3,496,477$0$0$1,897,481
81$3,786,316$0$0$2,056,266
82$4,103,615$0$0$2,230,153
83$4,451,108$0$0$2,420,647
84$4,831,806$0$0$2,629,407
85$5,249,026$0$0$2,858,258
86$5,706,420$0$0$3,109,212
87$6,208,011$0$0$3,384,486
88$6,758,230$0$0$3,686,519
89$7,361,957$0$0$4,017,998
90$8,024,567$0$0$4,381,885
91$8,751,982$0$0$4,781,442
92$9,550,723$0$0$5,220,260
93$10,427,977$0$0$5,702,298
94$11,391,657$0$0$6,231,915
95$12,450,483$0$0$6,813,914
96$13,614,062$0$0$7,453,588
97$14,892,975$0$0$8,156,764
98$16,298,880$0$0$8,929,866
99$17,844,623$0$0$9,779,970
100$19,544,355$0$0$10,714,871