Can I retire at age 51 with 494,000?

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 $494,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$40,794$40,431$40,076$39,730$39,392$39,144
2 years$20,195$19,819$19,454$19,101$18,758$18,508
3 years$13,330$12,952$12,588$12,238$11,901$11,656
4 years$9,898$9,521$9,161$8,817$8,488$8,251
5 years$7,839$7,465$7,109$6,772$6,452$6,223
6 years$6,467$6,095$5,745$5,416$5,106$4,885
7 years$5,487$5,119$4,774$4,453$4,152$3,940
8 years$4,753$4,388$4,049$3,735$3,445$3,241
9 years$4,182$3,820$3,488$3,182$2,901$2,706
10 years$3,726$3,368$3,040$2,743$2,472$2,285
11 years$3,352$2,998$2,677$2,387$2,126$1,947
12 years$3,042$2,691$2,376$2,094$1,842$1,672
13 years$2,779$2,432$2,122$1,848$1,606$1,444
14 years$2,554$2,210$1,907$1,641$1,408$1,254
15 years$2,359$2,019$1,722$1,463$1,240$1,093
16 years$2,189$1,853$1,561$1,310$1,096$956
17 years$2,038$1,706$1,420$1,177$972$839
18 years$1,905$1,577$1,297$1,061$864$739
19 years$1,786$1,461$1,187$959$770$651
20 years$1,679$1,358$1,089$868$688$576
21 years$1,582$1,265$1,002$788$615$510
22 years$1,494$1,181$924$716$552$452
23 years$1,414$1,104$853$652$495$401
24 years$1,341$1,034$789$595$445$356
25 years$1,274$971$730$543$401$317
26 years$1,212$912$677$497$361$282
27 years$1,154$859$629$455$325$252
28 years$1,101$809$585$417$294$224
29 years$1,052$763$544$382$265$200
30 years$1,006$721$507$351$239$179
31 years$963$681$473$322$217$160
32 years$922$645$441$296$196$143
33 years$885$611$412$272$177$127
34 years$849$579$385$250$160$114
35 years$816$549$360$231$145$102
36 years$785$521$336$212$132$91
37 years$755$495$315$196$119$82
38 years$727$470$295$180$108$73
39 years$700$447$276$166$98$65
40 years$675$425$259$153$89$59
41 years$652$405$243$141$81$52
42 years$629$386$228$131$73$47
43 years$607$368$214$121$66$42
44 years$587$350$201$111$60$38
45 years$567$334$188$103$55$34
46 years$549$319$177$95$50$30
47 years$531$304$166$88$45$27
48 years$514$290$156$81$41$24
49 years$498$277$147$75$37$22
50 years$482$265$138$69$34$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $494,000, adding $2,958 every year, while hoping to spend $28,178 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: 75/17/8 Blend
50$494,000$494,000$494,000$494,000
51$547,439$521,257$513,600$587,612
52$573,297$516,818$500,825$610,026
53$600,847$511,216$486,677$630,710
54$630,234$504,366$471,081$652,573
55$661,614$496,175$453,957$675,719
56$695,157$486,547$435,224$700,268
57$731,053$475,377$414,793$726,348
58$769,507$462,558$392,576$754,104
59$810,746$447,973$368,477$783,694
60$855,018$431,499$342,397$815,294
61$902,596$413,008$314,233$849,096
62$953,778$392,363$283,877$885,316
63$1,008,893$369,418$251,216$924,189
64$1,068,301$344,021$216,133$965,976
65$1,132,398$316,008$178,504$1,010,966
66$1,201,620$285,210$138,201$1,059,477
67$1,276,445$251,445$95,090$1,111,862
68$1,357,398$214,521$49,031$1,168,508
69$1,445,057$174,237$0$1,229,846
70$1,540,057$130,379$0$1,296,361
71$1,643,097$82,722$0$1,373,032
72$1,754,944$31,027$0$1,456,264
73$1,876,444$0$0$1,546,708
74$2,008,525$0$0$1,649,755
75$2,152,210$0$0$1,768,186
76$2,308,624$0$0$1,897,128
77$2,479,004$0$0$2,037,602
78$2,664,712$0$0$2,190,734
79$2,867,247$0$0$2,357,762
80$3,088,259$0$0$2,540,050
81$3,329,563$0$0$2,739,097
82$3,593,159$0$0$2,956,556
83$3,881,247$0$0$3,194,245
84$4,196,250$0$0$3,454,167
85$4,540,835$0$0$3,738,525
86$4,917,940$0$0$4,049,746
87$5,330,799$0$0$4,390,503
88$5,782,973$0$0$4,763,740
89$6,278,384$0$0$5,172,697
90$6,821,352$0$0$5,620,944
91$7,416,634$0$0$6,112,412
92$8,069,469$0$0$6,651,431
93$8,785,628$0$0$7,242,770
94$9,571,467$0$0$7,891,681
95$10,433,987$0$0$8,603,951
96$11,380,901$0$0$9,385,954
97$12,420,703$0$0$10,244,709
98$13,562,751$0$0$11,187,950
99$14,817,356$0$0$12,224,199
100$16,195,873$0$0$13,362,839