Can I retire at age 51 with 499,000?

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 $499,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$41,207$40,840$40,482$40,132$39,791$38,502
2 years$20,399$20,020$19,651$19,294$18,948$17,661
3 years$13,465$13,083$12,716$12,362$12,021$10,778
4 years$9,998$9,617$9,254$8,906$8,574$7,382
5 years$7,918$7,540$7,181$6,841$6,518$5,382
6 years$6,532$6,157$5,804$5,471$5,157$4,078
7 years$5,543$5,171$4,823$4,498$4,194$3,171
8 years$4,801$4,432$4,090$3,773$3,479$2,512
9 years$4,224$3,859$3,523$3,214$2,930$2,017
10 years$3,763$3,402$3,071$2,770$2,497$1,637
11 years$3,386$3,028$2,704$2,411$2,147$1,339
12 years$3,072$2,718$2,400$2,115$1,861$1,102
13 years$2,807$2,456$2,144$1,867$1,623$912
14 years$2,580$2,233$1,926$1,657$1,422$758
15 years$2,383$2,040$1,739$1,478$1,252$632
16 years$2,211$1,871$1,577$1,323$1,107$528
17 years$2,059$1,723$1,435$1,189$981$442
18 years$1,924$1,592$1,310$1,072$873$371
19 years$1,804$1,476$1,199$968$778$312
20 years$1,696$1,371$1,100$877$695$263
21 years$1,598$1,277$1,012$796$622$221
22 years$1,509$1,192$933$724$557$187
23 years$1,429$1,115$861$659$500$157
24 years$1,355$1,045$797$601$450$133
25 years$1,286$981$738$549$405$112
26 years$1,224$922$684$502$364$95
27 years$1,166$867$635$459$329$80
28 years$1,112$817$591$421$296$68
29 years$1,062$771$550$386$268$58
30 years$1,016$728$512$354$242$49
31 years$972$688$477$325$219$41
32 years$932$651$445$299$198$35
33 years$894$617$416$275$179$30
34 years$858$585$389$253$162$25
35 years$824$554$363$233$147$21
36 years$793$526$340$214$133$18
37 years$763$500$318$198$121$15
38 years$734$475$298$182$109$13
39 years$708$452$279$168$99$11
40 years$682$430$262$155$90$9
41 years$658$409$245$143$82$8
42 years$635$390$230$132$74$7
43 years$614$371$216$122$67$6
44 years$593$354$203$112$61$5
45 years$573$337$190$104$55$4
46 years$554$322$179$96$50$3
47 years$536$307$168$89$46$3
48 years$519$293$158$82$41$2
49 years$503$280$148$76$38$2
50 years$487$268$139$70$34$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $499,000, adding $6,857 every year, while hoping to spend $21,494 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: 61/12/27 Blend
50$499,000$499,000$499,000$499,000
51$556,971$530,524$522,789$586,526
52$590,913$533,650$517,433$610,551
53$627,596$536,209$511,178$633,842
54$667,278$538,151$503,969$658,807
55$710,241$539,421$495,753$685,614
56$756,795$539,962$486,470$714,448
57$807,283$539,715$476,062$745,514
58$862,079$538,614$464,463$779,038
59$921,596$536,591$451,608$815,272
60$986,289$533,575$437,427$854,493
61$1,056,658$529,487$421,848$897,006
62$1,133,252$524,247$404,795$943,149
63$1,216,676$517,768$386,188$993,296
64$1,307,597$509,957$365,945$1,047,861
65$1,406,745$500,719$343,978$1,107,299
66$1,514,929$489,950$320,197$1,172,114
67$1,633,036$477,542$294,507$1,242,863
68$1,762,042$463,378$266,810$1,320,160
69$1,903,024$447,337$237,002$1,404,685
70$2,057,166$429,290$204,974$1,497,187
71$2,225,770$409,099$170,615$1,598,494
72$2,410,274$386,620$133,806$1,709,521
73$2,612,258$361,700$94,424$1,831,276
74$2,833,463$334,178$52,342$1,964,873
75$3,075,805$303,881$7,424$2,111,542
76$3,341,396$270,630$0$2,272,641
77$3,632,560$234,234$0$2,461,339
78$3,951,860$194,489$0$2,670,660
79$4,302,114$151,184$0$2,900,331
80$4,686,430$104,092$0$3,152,412
81$5,108,229$52,976$0$3,429,172
82$5,571,281$0$0$3,733,115
83$6,079,738$0$0$4,067,316
84$6,638,174$0$0$4,442,090
85$7,251,626$0$0$4,853,827
86$7,925,645$0$0$5,306,260
87$8,666,347$0$0$5,803,497
88$9,480,468$0$0$6,350,065
89$10,375,428$0$0$6,950,955
90$11,359,405$0$0$7,611,660
91$12,441,407$0$0$8,338,235
92$13,631,358$0$0$9,137,353
93$14,940,193$0$0$10,016,362
94$16,379,960$0$0$10,983,360
95$17,963,933$0$0$12,047,270
96$19,706,738$0$0$13,217,922
97$21,624,490$0$0$14,506,149
98$23,734,943$0$0$15,923,884
99$26,057,662$0$0$17,484,279
100$28,614,204$0$0$19,201,823