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%14.4%
1 years$40,629$40,267$39,914$39,569$39,233$38,519
2 years$20,113$19,739$19,376$19,024$18,682$17,966
3 years$13,276$12,899$12,537$12,189$11,853$11,156
4 years$9,858$9,482$9,124$8,781$8,454$7,782
5 years$7,807$7,434$7,081$6,745$6,426$5,781
6 years$6,441$6,071$5,722$5,394$5,085$4,467
7 years$5,465$5,098$4,755$4,435$4,135$3,546
8 years$4,734$4,370$4,033$3,720$3,431$2,869
9 years$4,165$3,805$3,473$3,169$2,889$2,354
10 years$3,710$3,354$3,028$2,731$2,462$1,954
11 years$3,339$2,986$2,666$2,377$2,117$1,635
12 years$3,029$2,680$2,366$2,085$1,835$1,378
13 years$2,768$2,422$2,114$1,841$1,600$1,168
14 years$2,543$2,201$1,899$1,634$1,402$995
15 years$2,349$2,011$1,715$1,457$1,235$850
16 years$2,180$1,845$1,555$1,305$1,091$729
17 years$2,030$1,699$1,415$1,172$968$627
18 years$1,897$1,570$1,291$1,057$860$540
19 years$1,779$1,455$1,182$955$767$467
20 years$1,672$1,352$1,085$865$685$404
21 years$1,576$1,260$998$785$613$350
22 years$1,488$1,176$920$714$549$303
23 years$1,409$1,100$849$650$493$263
24 years$1,336$1,030$785$593$443$229
25 years$1,268$967$727$541$399$199
26 years$1,207$909$675$495$359$173
27 years$1,150$855$627$453$324$151
28 years$1,097$806$582$415$292$131
29 years$1,047$760$542$381$264$114
30 years$1,001$718$505$349$239$100
31 years$959$679$471$321$216$87
32 years$919$642$439$295$195$76
33 years$881$608$410$271$177$66
34 years$846$576$383$249$160$58
35 years$813$547$358$230$145$50
36 years$781$519$335$211$131$44
37 years$752$493$314$195$119$38
38 years$724$468$294$180$108$34
39 years$698$445$275$166$98$29
40 years$673$424$258$153$89$26
41 years$649$403$242$141$80$22
42 years$626$384$227$130$73$20
43 years$605$366$213$120$66$17
44 years$585$349$200$111$60$15
45 years$565$333$188$102$55$13
46 years$547$317$176$95$50$11
47 years$529$303$166$87$45$10
48 years$512$289$156$81$41$9
49 years$496$276$146$75$37$8
50 years$480$264$137$69$34$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $492,000, adding $3,590 every year, while hoping to spend $26,553 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: 53/28/19 Blend
50$492,000$492,000$492,000$492,000
51$545,887$519,811$512,185$571,810
52$573,315$517,030$501,091$587,204
53$602,651$513,222$488,736$600,859
54$634,062$508,310$475,048$615,142
55$667,729$502,210$459,955$630,121
56$703,854$494,834$443,380$645,871
57$742,656$486,090$425,242$662,479
58$784,376$475,878$405,457$680,038
59$829,280$464,094$383,938$698,657
60$877,658$450,626$360,591$718,455
61$929,831$435,358$335,322$739,565
62$986,148$418,166$308,031$762,136
63$1,046,997$398,917$278,611$786,335
64$1,112,800$377,474$246,954$812,346
65$1,184,024$353,688$212,945$840,376
66$1,261,181$327,405$176,465$870,656
67$1,344,834$298,461$137,390$903,442
68$1,435,603$266,681$95,588$939,018
69$1,534,168$231,882$50,924$977,703
70$1,641,279$193,870$3,256$1,019,849
71$1,757,760$152,441$0$1,065,849
72$1,884,518$107,377$0$1,125,790
73$2,022,551$58,450$0$1,191,836
74$2,172,956$5,419$0$1,263,897
75$2,336,941$0$0$1,342,602
76$2,515,837$0$0$1,444,663
77$2,711,107$0$0$1,557,933
78$2,924,362$0$0$1,681,683
79$3,157,376$0$0$1,816,948
80$3,412,101$0$0$1,964,868
81$3,690,687$0$0$2,126,697
82$3,995,502$0$0$2,303,817
83$4,329,151$0$0$2,497,749
84$4,694,504$0$0$2,710,169
85$5,094,723$0$0$2,942,923
86$5,533,288$0$0$3,198,041
87$6,014,031$0$0$3,477,761
88$6,541,176$0$0$3,784,549
89$7,119,371$0$0$4,121,119
90$7,753,738$0$0$4,490,462
91$8,449,919$0$0$4,895,870
92$9,214,127$0$0$5,340,973
93$10,053,208$0$0$5,829,766
94$10,974,700$0$0$6,366,653
95$11,986,911$0$0$6,956,483
96$13,098,991$0$0$7,604,600
97$14,321,019$0$0$8,316,888
98$15,664,101$0$0$9,099,834
99$17,140,470$0$0$9,960,581
100$18,763,607$0$0$10,907,000