Can I retire at age 51 with 497,000?

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 $497,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$41,042$40,676$40,320$39,971$39,631$39,071
2 years$20,318$19,939$19,573$19,217$18,872$18,309
3 years$13,411$13,031$12,665$12,313$11,973$11,425
4 years$9,958$9,579$9,217$8,870$8,539$8,009
5 years$7,887$7,510$7,153$6,813$6,492$5,982
6 years$6,506$6,132$5,780$5,449$5,137$4,647
7 years$5,521$5,150$4,803$4,480$4,177$3,709
8 years$4,782$4,415$4,074$3,758$3,466$3,018
9 years$4,207$3,844$3,509$3,201$2,918$2,492
10 years$3,748$3,388$3,059$2,759$2,487$2,080
11 years$3,373$3,016$2,693$2,401$2,139$1,752
12 years$3,060$2,707$2,390$2,106$1,853$1,486
13 years$2,796$2,446$2,135$1,860$1,616$1,268
14 years$2,569$2,224$1,919$1,651$1,417$1,087
15 years$2,373$2,031$1,732$1,472$1,247$936
16 years$2,202$1,864$1,571$1,318$1,102$808
17 years$2,051$1,716$1,429$1,184$977$700
18 years$1,917$1,586$1,305$1,067$869$608
19 years$1,797$1,470$1,194$964$775$529
20 years$1,689$1,366$1,096$873$692$461
21 years$1,592$1,272$1,008$793$619$402
22 years$1,503$1,188$929$721$555$351
23 years$1,423$1,111$858$656$498$307
24 years$1,349$1,041$793$599$448$269
25 years$1,281$977$735$547$403$236
26 years$1,219$918$682$500$363$207
27 years$1,161$864$633$458$327$182
28 years$1,108$814$588$419$295$160
29 years$1,058$768$548$384$267$140
30 years$1,012$725$510$353$241$123
31 years$968$686$475$324$218$108
32 years$928$649$444$298$197$95
33 years$890$614$414$274$178$84
34 years$854$582$387$252$161$74
35 years$821$552$362$232$146$65
36 years$789$524$338$214$132$57
37 years$760$498$317$197$120$50
38 years$731$473$297$181$109$44
39 years$705$450$278$167$99$39
40 years$679$428$261$154$90$34
41 years$656$407$244$142$81$30
42 years$633$388$229$131$74$27
43 years$611$370$215$121$67$24
44 years$591$352$202$112$61$21
45 years$571$336$190$103$55$18
46 years$552$321$178$96$50$16
47 years$534$306$167$88$45$14
48 years$517$292$157$82$41$13
49 years$501$279$148$75$37$11
50 years$485$266$139$70$34$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $497,000, adding $5,462 every year, while hoping to spend $23,903 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: 83/9/8 Blend
50$497,000$497,000$497,000$497,000
51$553,328$526,987$519,284$598,277
52$584,335$527,377$511,247$628,861
53$617,703$526,985$502,140$658,665
54$653,649$525,747$491,902$690,656
55$692,409$523,596$480,468$725,037
56$734,243$520,460$467,772$762,036
57$779,437$516,264$453,743$801,900
58$828,305$510,927$438,310$844,904
59$881,193$504,363$421,394$891,349
60$938,480$496,482$402,916$941,567
61$1,000,584$487,189$382,792$995,924
62$1,067,963$476,381$360,936$1,054,822
63$1,141,123$463,951$337,254$1,118,707
64$1,220,618$449,785$311,653$1,188,067
65$1,307,059$433,762$284,031$1,263,442
66$1,401,118$415,756$254,285$1,345,424
67$1,503,534$395,630$222,306$1,434,670
68$1,615,121$373,243$187,980$1,531,900
69$1,736,775$348,442$151,188$1,637,908
70$1,869,479$321,070$111,807$1,753,572
71$2,014,319$290,955$69,706$1,879,856
72$2,172,489$257,922$24,750$2,017,825
73$2,345,303$221,779$0$2,168,650
74$2,534,207$182,330$0$2,335,608
75$2,740,794$139,362$0$2,520,523
76$2,966,818$92,654$0$2,722,863
77$3,214,211$41,971$0$2,944,373
78$3,485,097$0$0$3,186,974
79$3,781,820$0$0$3,454,065
80$4,106,958$0$0$3,751,298
81$4,463,350$0$0$4,077,113
82$4,854,126$0$0$4,434,371
83$5,282,729$0$0$4,826,224
84$5,752,954$0$0$5,256,142
85$6,268,981$0$0$5,727,947
86$6,835,414$0$0$6,245,849
87$7,457,323$0$0$6,814,488
88$8,140,294$0$0$7,438,973
89$8,890,482$0$0$8,124,931
90$9,714,665$0$0$8,878,563
91$10,620,312$0$0$9,706,699
92$11,615,649$0$0$10,616,865
93$12,709,741$0$0$11,617,351
94$13,912,572$0$0$12,717,289
95$15,235,146$0$0$13,926,742
96$16,689,582$0$0$15,256,797
97$18,289,234$0$0$16,719,668
98$20,048,817$0$0$18,328,811
99$21,984,540$0$0$20,099,055
100$24,114,266$0$0$22,046,737