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%13.5%
1 years$41,207$40,840$40,482$40,132$39,791$39,213
2 years$20,399$20,020$19,651$19,294$18,948$18,367
3 years$13,465$13,083$12,716$12,362$12,021$11,455
4 years$9,998$9,617$9,254$8,906$8,574$8,027
5 years$7,918$7,540$7,181$6,841$6,518$5,991
6 years$6,532$6,157$5,804$5,471$5,157$4,652
7 years$5,543$5,171$4,823$4,498$4,194$3,711
8 years$4,801$4,432$4,090$3,773$3,479$3,018
9 years$4,224$3,859$3,523$3,214$2,930$2,490
10 years$3,763$3,402$3,071$2,770$2,497$2,078
11 years$3,386$3,028$2,704$2,411$2,147$1,749
12 years$3,072$2,718$2,400$2,115$1,861$1,483
13 years$2,807$2,456$2,144$1,867$1,623$1,264
14 years$2,580$2,233$1,926$1,657$1,422$1,083
15 years$2,383$2,040$1,739$1,478$1,252$932
16 years$2,211$1,871$1,577$1,323$1,107$804
17 years$2,059$1,723$1,435$1,189$981$696
18 years$1,924$1,592$1,310$1,072$873$604
19 years$1,804$1,476$1,199$968$778$525
20 years$1,696$1,371$1,100$877$695$457
21 years$1,598$1,277$1,012$796$622$398
22 years$1,509$1,192$933$724$557$348
23 years$1,429$1,115$861$659$500$304
24 years$1,355$1,045$797$601$450$266
25 years$1,286$981$738$549$405$233
26 years$1,224$922$684$502$364$204
27 years$1,166$867$635$459$329$179
28 years$1,112$817$591$421$296$157
29 years$1,062$771$550$386$268$138
30 years$1,016$728$512$354$242$121
31 years$972$688$477$325$219$107
32 years$932$651$445$299$198$94
33 years$894$617$416$275$179$82
34 years$858$585$389$253$162$72
35 years$824$554$363$233$147$64
36 years$793$526$340$214$133$56
37 years$763$500$318$198$121$49
38 years$734$475$298$182$109$43
39 years$708$452$279$168$99$38
40 years$682$430$262$155$90$34
41 years$658$409$245$143$82$30
42 years$635$390$230$132$74$26
43 years$614$371$216$122$67$23
44 years$593$354$203$112$61$20
45 years$573$337$190$104$55$18
46 years$554$322$179$96$50$16
47 years$536$307$168$89$46$14
48 years$519$293$158$82$41$12
49 years$503$280$148$76$38$11
50 years$487$268$139$70$34$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $499,000, adding $5,667 every year, while hoping to spend $27,058 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: 78/11/11 Blend
50$499,000$499,000$499,000$499,000
51$555,744$529,297$521,562$597,546
52$583,640$526,443$510,245$622,979
53$613,475$522,542$497,642$646,821
54$645,417$517,515$483,681$672,193
55$679,653$511,276$468,287$699,237
56$716,386$503,737$451,383$728,107
57$755,839$494,801$432,886$758,976
58$798,256$484,369$412,710$792,033
59$843,909$472,333$390,766$827,487
60$893,091$458,580$366,959$865,569
61$946,127$442,992$341,194$906,532
62$1,003,374$425,441$313,366$950,656
63$1,065,224$405,793$283,369$998,252
64$1,132,106$383,906$251,092$1,049,660
65$1,204,495$359,632$216,418$1,105,256
66$1,282,911$332,811$179,225$1,165,456
67$1,367,925$303,276$139,386$1,230,718
68$1,460,166$270,849$96,768$1,301,546
69$1,560,326$235,344$51,233$1,378,498
70$1,669,167$196,563$2,637$1,462,190
71$1,787,524$154,297$0$1,553,298
72$1,916,319$108,325$0$1,658,350
73$2,056,564$58,414$0$1,773,098
74$2,209,375$4,318$0$1,898,162
75$2,375,979$0$0$2,034,568
76$2,557,726$0$0$2,190,008
77$2,756,102$0$0$2,360,256
78$2,972,743$0$0$2,546,195
79$3,209,450$0$0$2,749,374
80$3,468,206$0$0$2,971,496
81$3,751,194$0$0$3,214,438
82$4,060,818$0$0$3,480,265
83$4,399,724$0$0$3,771,252
84$4,770,827$0$0$4,089,904
85$5,177,335$0$0$4,438,979
86$5,622,784$0$0$4,821,514
87$6,111,065$0$0$5,240,856
88$6,646,466$0$0$5,700,688
89$7,233,708$0$0$6,205,068
90$7,877,991$0$0$6,758,468
91$8,585,045$0$0$7,365,809
92$9,361,178$0$0$8,032,515
93$10,213,342$0$0$8,764,560
94$11,149,191$0$0$9,568,525
95$12,177,161$0$0$10,451,658
96$13,306,543$0$0$11,421,946
97$14,547,572$0$0$12,488,187
98$15,911,525$0$0$13,660,071
99$17,410,823$0$0$14,948,278
100$19,059,155$0$0$16,364,571