Can I retire at age 51 with 492,000?

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 $492,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$40,629$40,267$39,914$39,569$39,233$38,238
2 years$20,113$19,739$19,376$19,024$18,682$17,686
3 years$13,276$12,899$12,537$12,189$11,853$10,887
4 years$9,858$9,482$9,124$8,781$8,454$7,525
5 years$7,807$7,434$7,081$6,745$6,426$5,538
6 years$6,441$6,071$5,722$5,394$5,085$4,238
7 years$5,465$5,098$4,755$4,435$4,135$3,329
8 years$4,734$4,370$4,033$3,720$3,431$2,666
9 years$4,165$3,805$3,473$3,169$2,889$2,164
10 years$3,710$3,354$3,028$2,731$2,462$1,776
11 years$3,339$2,986$2,666$2,377$2,117$1,470
12 years$3,029$2,680$2,366$2,085$1,835$1,224
13 years$2,768$2,422$2,114$1,841$1,600$1,025
14 years$2,543$2,201$1,899$1,634$1,402$862
15 years$2,349$2,011$1,715$1,457$1,235$728
16 years$2,180$1,845$1,555$1,305$1,091$616
17 years$2,030$1,699$1,415$1,172$968$523
18 years$1,897$1,570$1,291$1,057$860$445
19 years$1,779$1,455$1,182$955$767$379
20 years$1,672$1,352$1,085$865$685$324
21 years$1,576$1,260$998$785$613$276
22 years$1,488$1,176$920$714$549$236
23 years$1,409$1,100$849$650$493$202
24 years$1,336$1,030$785$593$443$173
25 years$1,268$967$727$541$399$149
26 years$1,207$909$675$495$359$127
27 years$1,150$855$627$453$324$109
28 years$1,097$806$582$415$292$94
29 years$1,047$760$542$381$264$81
30 years$1,001$718$505$349$239$69
31 years$959$679$471$321$216$60
32 years$919$642$439$295$195$51
33 years$881$608$410$271$177$44
34 years$846$576$383$249$160$38
35 years$813$547$358$230$145$33
36 years$781$519$335$211$131$28
37 years$752$493$314$195$119$24
38 years$724$468$294$180$108$21
39 years$698$445$275$166$98$18
40 years$673$424$258$153$89$15
41 years$649$403$242$141$80$13
42 years$626$384$227$130$73$11
43 years$605$366$213$120$66$10
44 years$585$349$200$111$60$8
45 years$565$333$188$102$55$7
46 years$547$317$176$95$50$6
47 years$529$303$166$87$45$5
48 years$512$289$156$81$41$5
49 years$496$276$146$75$37$4
50 years$480$264$137$69$34$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $492,000, adding $2,563 every year, while hoping to spend $24,944 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: 59/13/28 Blend
50$492,000$492,000$492,000$492,000
51$544,828$518,752$511,126$572,687
52$573,860$517,630$501,708$590,901
53$605,017$515,618$491,139$607,890
54$638,491$512,645$479,354$625,903
55$674,489$508,636$466,284$645,047
56$713,241$503,514$451,859$665,439
57$754,999$497,194$436,004$687,212
58$800,041$489,588$418,642$710,510
59$848,670$480,602$399,691$735,494
60$901,220$470,138$379,067$762,345
61$958,059$458,089$356,680$791,260
62$1,019,590$444,345$332,438$822,461
63$1,086,258$428,787$306,244$856,192
64$1,158,549$411,291$277,997$892,724
65$1,237,002$391,725$247,590$932,357
66$1,322,205$369,948$214,913$975,424
67$1,414,809$345,815$179,852$1,022,293
68$1,515,527$319,167$142,284$1,073,374
69$1,625,145$289,840$102,085$1,129,118
70$1,744,527$257,660$59,123$1,190,025
71$1,874,626$222,443$13,260$1,256,649
72$2,016,487$183,992$0$1,329,603
73$2,171,264$142,103$0$1,420,226
74$2,340,225$96,558$0$1,523,527
75$2,524,766$47,127$0$1,636,418
76$2,726,424$0$0$1,759,864
77$2,946,891$0$0$1,895,850
78$3,188,030$0$0$2,051,999
79$3,451,893$0$0$2,222,902
80$3,740,738$0$0$2,410,028
81$4,057,054$0$0$2,614,993
82$4,403,579$0$0$2,839,578
83$4,783,329$0$0$3,085,742
84$5,199,628$0$0$3,355,646
85$5,656,133$0$0$3,651,668
86$6,156,876$0$0$3,976,427
87$6,706,294$0$0$4,332,808
88$7,309,278$0$0$4,723,991
89$7,971,213$0$0$5,153,474
90$8,698,031$0$0$5,625,116
91$9,496,268$0$0$6,143,163
92$10,373,123$0$0$6,712,296
93$11,336,527$0$0$7,337,671
94$12,395,216$0$0$8,024,966
95$13,558,816$0$0$8,780,440
96$14,837,931$0$0$9,610,985
97$16,244,243$0$0$10,524,196
98$17,790,624$0$0$11,528,441
99$19,491,253$0$0$12,632,938
100$21,361,755$0$0$13,847,845