Can I retire at age 51 with 491,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $491,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$40,546$40,185$39,833$39,489$39,153$37,945
2 years$20,072$19,699$19,336$18,985$18,644$17,438
3 years$13,249$12,873$12,512$12,164$11,829$10,662
4 years$9,838$9,463$9,105$8,763$8,436$7,318
5 years$7,791$7,419$7,066$6,731$6,413$5,346
6 years$6,428$6,058$5,711$5,383$5,075$4,060
7 years$5,454$5,088$4,745$4,426$4,127$3,164
8 years$4,724$4,361$4,025$3,713$3,424$2,512
9 years$4,157$3,797$3,466$3,162$2,883$2,023
10 years$3,703$3,347$3,022$2,726$2,457$1,645
11 years$3,332$2,980$2,661$2,372$2,113$1,349
12 years$3,023$2,674$2,361$2,081$1,831$1,114
13 years$2,762$2,417$2,110$1,837$1,597$924
14 years$2,538$2,197$1,895$1,631$1,400$770
15 years$2,345$2,007$1,711$1,454$1,232$643
16 years$2,175$1,841$1,552$1,302$1,089$539
17 years$2,026$1,696$1,412$1,170$966$453
18 years$1,894$1,567$1,289$1,054$859$381
19 years$1,775$1,452$1,180$953$765$322
20 years$1,669$1,349$1,083$863$684$272
21 years$1,573$1,257$996$783$612$230
22 years$1,485$1,173$918$712$548$194
23 years$1,406$1,097$848$648$492$164
24 years$1,333$1,028$784$591$442$139
25 years$1,266$965$726$540$398$118
26 years$1,204$907$673$494$359$100
27 years$1,147$853$625$452$323$85
28 years$1,094$804$581$414$292$72
29 years$1,045$759$541$380$263$61
30 years$999$717$504$349$238$52
31 years$957$677$470$320$215$44
32 years$917$641$438$294$195$38
33 years$879$607$409$271$176$32
34 years$844$575$382$249$159$27
35 years$811$546$357$229$144$23
36 years$780$518$334$211$131$20
37 years$750$492$313$194$119$17
38 years$723$467$293$179$108$14
39 years$696$444$275$165$98$12
40 years$671$423$257$152$88$10
41 years$648$403$241$141$80$9
42 years$625$383$226$130$73$7
43 years$604$365$212$120$66$6
44 years$583$348$199$111$60$5
45 years$564$332$187$102$54$5
46 years$545$317$176$94$49$4
47 years$528$302$165$87$45$3
48 years$511$289$155$81$41$3
49 years$495$276$146$74$37$2
50 years$479$263$137$69$34$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $491,000, adding $3,949 every year, while hoping to spend $35,321 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: 58/26/16 Blend
50$491,000$491,000$491,000$491,000
51$545,155$519,132$511,522$574,300
52$563,180$506,989$491,077$582,346
53$581,859$493,066$468,763$586,890
54$601,223$477,240$444,480$591,028
55$621,302$459,379$418,124$594,730
56$642,129$439,344$389,586$597,959
57$663,742$416,986$358,752$600,680
58$686,176$392,151$325,503$602,854
59$709,472$364,673$289,714$604,442
60$733,674$334,378$251,255$605,402
61$758,827$301,081$209,991$605,691
62$784,981$264,587$165,779$605,265
63$812,188$224,691$118,472$604,075
64$840,506$181,175$67,915$602,075
65$869,994$133,810$13,947$599,212
66$900,718$82,351$0$595,436
67$932,749$26,544$0$598,143
68$966,162$0$0$602,853
69$1,001,039$0$0$616,848
70$1,037,467$0$0$639,408
71$1,075,542$0$0$662,998
72$1,115,367$0$0$687,682
73$1,157,052$0$0$713,532
74$1,200,719$0$0$740,622
75$1,246,498$0$0$769,037
76$1,294,531$0$0$798,866
77$1,344,971$0$0$830,206
78$1,397,985$0$0$863,163
79$1,453,755$0$0$897,853
80$1,512,479$0$0$934,400
81$1,574,372$0$0$972,941
82$1,639,667$0$0$1,013,625
83$1,708,622$0$0$1,056,615
84$1,781,513$0$0$1,102,087
85$1,858,645$0$0$1,150,235
86$1,940,351$0$0$1,201,269
87$2,026,993$0$0$1,255,420
88$2,118,967$0$0$1,312,942
89$2,216,706$0$0$1,374,108
90$2,320,686$0$0$1,439,222
91$2,431,425$0$0$1,508,614
92$2,549,491$0$0$1,582,645
93$2,675,506$0$0$1,661,712
94$2,810,153$0$0$1,746,250
95$2,954,180$0$0$1,836,734
96$3,108,404$0$0$1,933,687
97$3,273,726$0$0$2,037,683
98$3,451,131$0$0$2,149,348
99$3,641,701$0$0$2,269,374
100$3,846,624$0$0$2,398,517