Can I retire at age 51 with 496,000?

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 $496,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$40,959$40,594$40,238$39,891$39,552$38,722
2 years$20,277$19,899$19,533$19,178$18,834$18,002
3 years$13,384$13,004$12,639$12,288$11,949$11,140
4 years$9,938$9,560$9,198$8,853$8,522$7,743
5 years$7,871$7,495$7,138$6,800$6,478$5,732
6 years$6,493$6,120$5,769$5,438$5,126$4,412
7 years$5,510$5,140$4,794$4,471$4,169$3,488
8 years$4,772$4,406$4,066$3,750$3,459$2,811
9 years$4,199$3,836$3,502$3,194$2,913$2,297
10 years$3,741$3,381$3,053$2,754$2,482$1,898
11 years$3,366$3,010$2,688$2,397$2,134$1,582
12 years$3,054$2,702$2,385$2,102$1,850$1,327
13 years$2,790$2,441$2,131$1,856$1,613$1,120
14 years$2,564$2,219$1,915$1,647$1,414$949
15 years$2,368$2,027$1,729$1,469$1,245$807
16 years$2,197$1,860$1,567$1,315$1,100$689
17 years$2,047$1,713$1,426$1,182$976$589
18 years$1,913$1,583$1,302$1,065$867$505
19 years$1,793$1,467$1,192$962$773$434
20 years$1,686$1,363$1,094$872$691$374
21 years$1,589$1,270$1,006$791$618$322
22 years$1,500$1,185$927$719$554$278
23 years$1,420$1,109$856$655$497$240
24 years$1,346$1,039$792$597$447$207
25 years$1,279$975$733$546$402$179
26 years$1,216$916$680$499$362$155
27 years$1,159$862$632$457$327$134
28 years$1,105$812$587$418$295$116
29 years$1,056$766$546$384$266$101
30 years$1,010$724$509$352$240$87
31 years$966$684$475$323$217$76
32 years$926$647$443$297$197$66
33 years$888$613$413$273$178$57
34 years$853$581$386$251$161$49
35 years$819$551$361$231$146$43
36 years$788$523$338$213$132$37
37 years$758$497$316$196$120$32
38 years$730$472$296$181$109$28
39 years$703$449$277$167$99$24
40 years$678$427$260$154$89$21
41 years$654$407$244$142$81$18
42 years$631$387$229$131$74$16
43 years$610$369$215$121$67$14
44 years$589$352$201$112$61$12
45 years$570$335$189$103$55$10
46 years$551$320$178$95$50$9
47 years$533$305$167$88$45$8
48 years$516$291$157$81$41$7
49 years$500$278$147$75$37$6
50 years$484$266$139$70$34$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $496,000, adding $4,114 every year, while hoping to spend $21,019 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: 71/10/19 Blend
50$496,000$496,000$496,000$496,000
51$550,836$524,548$516,860$587,148
52$584,657$527,886$511,810$615,196
53$621,223$530,684$505,887$642,995
54$660,793$532,893$499,040$672,903
55$703,649$534,460$491,213$705,125
56$750,103$535,330$482,350$739,887
57$800,498$535,446$472,394$777,441
58$855,211$534,745$461,281$818,063
59$914,656$533,161$448,947$862,057
60$979,289$530,624$435,325$909,759
61$1,049,612$527,060$420,344$961,541
62$1,126,176$522,390$403,929$1,017,811
63$1,209,590$516,530$386,004$1,079,021
64$1,300,521$509,393$366,488$1,145,669
65$1,399,704$500,883$345,296$1,218,304
66$1,507,950$490,903$322,339$1,297,531
67$1,626,149$479,345$297,526$1,384,019
68$1,755,284$466,100$270,760$1,478,505
69$1,896,432$451,049$241,940$1,581,801
70$2,050,784$434,066$210,961$1,694,805
71$2,219,650$415,021$177,714$1,818,504
72$2,404,469$393,772$142,082$1,953,991
73$2,606,830$370,172$103,947$2,102,468
74$2,828,481$344,064$63,184$2,265,262
75$3,071,346$315,284$19,661$2,443,836
76$3,337,546$283,655$0$2,639,803
77$3,629,415$248,994$0$2,860,375
78$3,949,526$211,105$0$3,106,689
79$4,300,710$169,781$0$3,376,949
80$4,686,087$124,805$0$3,673,575
81$5,109,093$75,947$0$3,999,229
82$5,573,515$22,962$0$4,356,849
83$6,083,522$0$0$4,749,669
84$6,643,706$0$0$5,185,041
85$7,259,129$0$0$5,666,147
86$7,935,365$0$0$6,194,821
87$8,678,555$0$0$6,775,867
88$9,495,464$0$0$7,414,579
89$10,393,546$0$0$8,116,789
90$11,381,013$0$0$8,888,920
91$12,466,913$0$0$9,738,051
92$13,661,213$0$0$10,671,982
93$14,974,896$0$0$11,699,304
94$16,420,062$0$0$12,829,484
95$18,010,044$0$0$14,072,954
96$19,759,530$0$0$15,441,205
97$21,684,707$0$0$16,946,902
98$23,803,407$0$0$18,603,997
99$26,135,281$0$0$20,427,863
100$28,701,980$0$0$22,435,441