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%11.8%
1 years$40,959$40,594$40,238$39,891$39,552$39,253
2 years$20,277$19,899$19,533$19,178$18,834$18,533
3 years$13,384$13,004$12,639$12,288$11,949$11,655
4 years$9,938$9,560$9,198$8,853$8,522$8,237
5 years$7,871$7,495$7,138$6,800$6,478$6,203
6 years$6,493$6,120$5,769$5,438$5,126$4,861
7 years$5,510$5,140$4,794$4,471$4,169$3,915
8 years$4,772$4,406$4,066$3,750$3,459$3,215
9 years$4,199$3,836$3,502$3,194$2,913$2,679
10 years$3,741$3,381$3,053$2,754$2,482$2,259
11 years$3,366$3,010$2,688$2,397$2,134$1,921
12 years$3,054$2,702$2,385$2,102$1,850$1,646
13 years$2,790$2,441$2,131$1,856$1,613$1,419
14 years$2,564$2,219$1,915$1,647$1,414$1,230
15 years$2,368$2,027$1,729$1,469$1,245$1,070
16 years$2,197$1,860$1,567$1,315$1,100$934
17 years$2,047$1,713$1,426$1,182$976$818
18 years$1,913$1,583$1,302$1,065$867$719
19 years$1,793$1,467$1,192$962$773$632
20 years$1,686$1,363$1,094$872$691$558
21 years$1,589$1,270$1,006$791$618$492
22 years$1,500$1,185$927$719$554$436
23 years$1,420$1,109$856$655$497$386
24 years$1,346$1,039$792$597$447$342
25 years$1,279$975$733$546$402$304
26 years$1,216$916$680$499$362$270
27 years$1,159$862$632$457$327$240
28 years$1,105$812$587$418$295$213
29 years$1,056$766$546$384$266$190
30 years$1,010$724$509$352$240$169
31 years$966$684$475$323$217$151
32 years$926$647$443$297$197$134
33 years$888$613$413$273$178$120
34 years$853$581$386$251$161$107
35 years$819$551$361$231$146$95
36 years$788$523$338$213$132$85
37 years$758$497$316$196$120$76
38 years$730$472$296$181$109$68
39 years$703$449$277$167$99$61
40 years$678$427$260$154$89$54
41 years$654$407$244$142$81$48
42 years$631$387$229$131$74$43
43 years$610$369$215$121$67$39
44 years$589$352$201$112$61$34
45 years$570$335$189$103$55$31
46 years$551$320$178$95$50$28
47 years$533$305$167$88$45$25
48 years$516$291$157$81$41$22
49 years$500$278$147$75$37$20
50 years$484$266$139$70$34$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $496,000, adding $2,712 every year, while hoping to spend $25,886 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: 50/44/6 Blend
50$496,000$496,000$496,000$496,000
51$549,389$523,101$515,413$575,908
52$577,885$521,191$505,137$592,353
53$608,419$518,319$493,649$607,204
54$641,172$514,412$480,882$622,723
55$676,344$509,390$466,763$638,978
56$714,151$503,170$451,219$656,045
57$754,832$495,662$434,173$674,012
58$798,649$486,774$415,542$692,973
59$845,890$476,406$395,242$713,036
60$896,873$464,451$373,184$734,322
61$951,943$450,799$349,275$756,965
62$1,011,484$435,330$323,418$781,115
63$1,075,915$417,921$295,512$806,938
64$1,145,697$398,438$265,451$834,623
65$1,221,339$376,742$233,124$864,377
66$1,303,398$352,685$198,416$896,431
67$1,392,487$326,109$161,205$931,046
68$1,489,282$296,849$121,367$968,507
69$1,594,525$264,731$78,769$1,009,136
70$1,709,032$229,569$33,274$1,053,289
71$1,833,704$191,168$0$1,101,362
72$1,969,527$149,321$0$1,154,774
73$2,117,592$103,811$0$1,215,372
74$2,279,095$54,407$0$1,281,578
75$2,455,355$865$0$1,354,006
76$2,647,823$0$0$1,433,337
77$2,858,097$0$0$1,547,959
78$3,087,934$0$0$1,673,754
79$3,339,272$0$0$1,811,368
80$3,614,242$0$0$1,961,977
81$3,915,191$0$0$2,126,871
82$4,244,704$0$0$2,307,476
83$4,605,628$0$0$2,505,357
84$5,001,097$0$0$2,722,241
85$5,434,563$0$0$2,960,030
86$5,909,828$0$0$3,220,817
87$6,431,080$0$0$3,506,909
88$7,002,931$0$0$3,820,846
89$7,630,461$0$0$4,165,425
90$8,319,266$0$0$4,543,729
91$9,075,509$0$0$4,959,153
92$9,905,982$0$0$5,415,438
93$10,818,162$0$0$5,916,702
94$11,820,291$0$0$6,467,486
95$12,921,445$0$0$7,072,789
96$14,131,625$0$0$7,738,120
97$15,461,847$0$0$8,469,547
98$16,924,249$0$0$9,273,758
99$18,532,203$0$0$10,158,118
100$20,300,440$0$0$11,130,744