Can I retire at age 51 with 489,000?

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 $489,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$40,381$40,021$39,671$39,328$38,994$38,522
2 years$19,991$19,618$19,258$18,908$18,568$18,094
3 years$13,195$12,821$12,461$12,114$11,781$11,318
4 years$9,797$9,425$9,068$8,728$8,402$7,955
5 years$7,760$7,389$7,037$6,704$6,387$5,956
6 years$6,401$6,034$5,687$5,361$5,054$4,640
7 years$5,432$5,067$4,726$4,408$4,110$3,714
8 years$4,705$4,343$4,008$3,697$3,410$3,031
9 years$4,140$3,782$3,452$3,149$2,872$2,510
10 years$3,688$3,333$3,010$2,715$2,447$2,102
11 years$3,318$2,968$2,650$2,363$2,104$1,776
12 years$3,011$2,664$2,352$2,072$1,823$1,511
13 years$2,751$2,407$2,101$1,830$1,590$1,293
14 years$2,528$2,188$1,888$1,624$1,394$1,113
15 years$2,335$1,999$1,704$1,448$1,227$961
16 years$2,166$1,834$1,545$1,297$1,085$833
17 years$2,018$1,689$1,406$1,165$962$724
18 years$1,886$1,561$1,284$1,050$855$631
19 years$1,768$1,446$1,175$949$762$550
20 years$1,662$1,344$1,078$859$681$481
21 years$1,566$1,252$992$780$609$422
22 years$1,479$1,169$914$709$546$370
23 years$1,400$1,093$844$646$490$325
24 years$1,327$1,024$781$589$441$286
25 years$1,261$961$723$538$396$251
26 years$1,199$903$671$492$357$221
27 years$1,143$850$623$450$322$195
28 years$1,090$801$579$413$291$172
29 years$1,041$756$539$378$262$152
30 years$995$714$502$347$237$134
31 years$953$675$468$319$214$118
32 years$913$638$436$293$194$105
33 years$876$604$408$269$175$92
34 years$841$573$381$248$159$82
35 years$808$543$356$228$144$72
36 years$777$516$333$210$130$64
37 years$747$490$312$194$118$56
38 years$720$466$292$179$107$50
39 years$693$443$273$165$97$44
40 years$669$421$256$152$88$39
41 years$645$401$240$140$80$35
42 years$623$382$225$129$73$31
43 years$601$364$212$119$66$27
44 years$581$347$199$110$60$24
45 years$562$331$186$102$54$21
46 years$543$315$175$94$49$19
47 years$526$301$165$87$45$17
48 years$509$287$155$80$41$15
49 years$493$274$145$74$37$13
50 years$477$262$137$69$34$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $489,000, adding $5,977 every year, while hoping to spend $35,562 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: 61/19/20 Blend
50$489,000$489,000$489,000$489,000
51$545,043$519,126$511,547$575,110
52$562,800$506,726$490,846$583,739
53$581,176$492,526$468,260$588,686
54$600,197$476,401$443,687$593,275
55$619,890$458,217$417,024$597,477
56$640,283$437,834$388,159$601,259
57$661,408$415,104$356,977$604,590
58$683,295$389,867$323,360$607,433
59$705,979$361,959$287,180$609,753
60$729,496$331,202$248,308$611,512
61$753,884$297,410$206,606$612,671
62$779,184$260,387$161,931$613,188
63$805,439$219,925$114,134$613,021
64$832,696$175,803$63,060$612,124
65$861,004$127,790$8,545$610,450
66$890,416$75,641$0$607,953
67$920,987$19,097$0$615,172
68$952,779$0$0$624,099
69$985,856$0$0$641,699
70$1,020,288$0$0$664,183
71$1,056,148$0$0$687,607
72$1,093,518$0$0$712,023
73$1,132,483$0$0$737,490
74$1,173,137$0$0$764,069
75$1,215,579$0$0$791,826
76$1,259,918$0$0$820,835
77$1,306,271$0$0$851,171
78$1,354,764$0$0$882,921
79$1,405,533$0$0$916,174
80$1,458,727$0$0$951,030
81$1,514,507$0$0$987,595
82$1,573,046$0$0$1,025,986
83$1,634,534$0$0$1,066,329
84$1,699,177$0$0$1,108,761
85$1,767,197$0$0$1,153,432
86$1,838,839$0$0$1,200,504
87$1,914,367$0$0$1,250,154
88$1,994,070$0$0$1,302,575
89$2,078,263$0$0$1,357,978
90$2,167,288$0$0$1,416,591
91$2,261,521$0$0$1,478,667
92$2,361,370$0$0$1,544,478
93$2,467,282$0$0$1,614,324
94$2,579,747$0$0$1,688,532
95$2,699,299$0$0$1,767,459
96$2,826,522$0$0$1,851,499
97$2,962,057$0$0$1,941,079
98$3,106,604$0$0$2,036,668
99$3,260,930$0$0$2,138,783
100$3,425,878$0$0$2,247,986