Can I retire at age 51 with 486,000?

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 $486,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$40,133$39,776$39,427$39,087$38,754$38,494
2 years$19,868$19,498$19,139$18,792$18,454$18,192
3 years$13,114$12,742$12,384$12,040$11,708$11,452
4 years$9,737$9,367$9,013$8,674$8,350$8,102
5 years$7,712$7,344$6,994$6,663$6,348$6,108
6 years$6,362$5,997$5,652$5,328$5,023$4,792
7 years$5,398$5,036$4,697$4,381$4,085$3,863
8 years$4,676$4,317$3,984$3,675$3,389$3,176
9 years$4,114$3,759$3,431$3,130$2,854$2,650
10 years$3,665$3,313$2,991$2,698$2,432$2,236
11 years$3,298$2,949$2,633$2,348$2,091$1,905
12 years$2,992$2,647$2,337$2,060$1,812$1,634
13 years$2,734$2,392$2,088$1,818$1,580$1,411
14 years$2,512$2,175$1,876$1,614$1,385$1,224
15 years$2,321$1,986$1,694$1,440$1,220$1,066
16 years$2,153$1,823$1,536$1,289$1,078$932
17 years$2,005$1,678$1,397$1,158$956$818
18 years$1,874$1,551$1,276$1,044$850$719
19 years$1,757$1,437$1,168$943$758$634
20 years$1,652$1,336$1,072$854$677$560
21 years$1,557$1,244$986$775$606$495
22 years$1,470$1,161$909$705$543$438
23 years$1,391$1,086$839$642$487$389
24 years$1,319$1,018$776$585$438$345
25 years$1,253$955$719$535$394$307
26 years$1,192$898$666$489$355$273
27 years$1,135$845$619$447$320$243
28 years$1,083$796$575$410$289$217
29 years$1,035$751$535$376$261$193
30 years$989$709$499$345$236$172
31 years$947$670$465$317$213$154
32 years$907$634$434$291$193$137
33 years$870$601$405$268$174$123
34 years$836$569$378$246$158$110
35 years$803$540$354$227$143$98
36 years$772$513$331$209$130$88
37 years$743$487$310$192$117$78
38 years$715$463$290$177$106$70
39 years$689$440$272$164$97$63
40 years$664$419$255$151$88$56
41 years$641$398$239$139$79$50
42 years$619$379$224$128$72$45
43 years$598$362$210$119$65$40
44 years$577$345$197$110$59$36
45 years$558$329$185$101$54$32
46 years$540$314$174$93$49$29
47 years$522$299$164$86$44$26
48 years$506$286$154$80$40$23
49 years$490$273$144$74$37$21
50 years$475$261$136$68$33$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $486,000, adding $6,056 every year, while hoping to spend $27,305 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: 66/15/19 Blend
50$486,000$486,000$486,000$486,000
51$541,819$516,061$508,528$574,629
52$568,032$512,295$496,511$593,602
53$596,004$507,430$483,177$610,637
54$625,885$501,383$468,452$628,604
55$657,840$494,066$452,260$647,593
56$692,050$485,385$434,521$667,707
57$728,714$475,244$415,152$689,058
58$768,048$463,537$394,065$711,771
59$810,292$450,153$371,170$735,983
60$855,709$434,977$346,371$761,850
61$904,585$417,885$319,568$789,541
62$957,236$398,745$290,657$819,245
63$1,014,010$377,419$259,530$851,171
64$1,075,288$353,761$226,073$885,551
65$1,141,488$327,617$190,167$922,643
66$1,213,071$298,821$151,689$962,731
67$1,290,543$267,202$110,509$1,006,131
68$1,374,460$232,576$66,492$1,053,191
69$1,465,433$194,751$19,498$1,104,300
70$1,564,134$153,521$0$1,159,884
71$1,671,304$108,672$0$1,226,633
72$1,787,756$59,976$0$1,303,478
73$1,914,384$7,191$0$1,387,075
74$2,052,173$0$0$1,478,100
75$2,202,206$0$0$1,585,542
76$2,365,675$0$0$1,703,926
77$2,543,891$0$0$1,833,021
78$2,738,297$0$0$1,973,875
79$2,950,484$0$0$2,127,644
80$3,182,200$0$0$2,295,599
81$3,435,369$0$0$2,479,139
82$3,712,112$0$0$2,679,807
83$4,014,763$0$0$2,899,298
84$4,345,890$0$0$3,139,481
85$4,708,324$0$0$3,402,413
86$5,105,179$0$0$3,690,359
87$5,539,887$0$0$4,005,814
88$6,016,224$0$0$4,351,525
89$6,538,354$0$0$4,730,518
90$7,110,857$0$0$5,146,125
91$7,738,782$0$0$5,602,017
92$8,427,688$0$0$6,102,235
93$9,183,698$0$0$6,651,234
94$10,013,557$0$0$7,253,917
95$10,924,695$0$0$7,915,688
96$11,925,297$0$0$8,642,499
97$13,024,378$0$0$9,440,905
98$14,231,870$0$0$10,318,131
99$15,558,715$0$0$11,282,133
100$17,016,967$0$0$12,341,676