Can I retire at age 51 with 500,000?

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 $500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$41,290$40,922$40,563$40,213$39,871$39,259
2 years$20,440$20,060$19,691$19,333$18,986$18,371
3 years$13,492$13,109$12,741$12,387$12,046$11,446
4 years$10,018$9,637$9,272$8,924$8,591$8,013
5 years$7,934$7,555$7,196$6,855$6,531$5,975
6 years$6,545$6,169$5,815$5,482$5,168$4,634
7 years$5,554$5,181$4,832$4,507$4,203$3,693
8 years$4,811$4,441$4,098$3,781$3,486$3,000
9 years$4,233$3,867$3,530$3,220$2,936$2,472
10 years$3,771$3,408$3,077$2,776$2,502$2,060
11 years$3,393$3,034$2,709$2,416$2,152$1,732
12 years$3,079$2,723$2,404$2,119$1,864$1,466
13 years$2,813$2,461$2,148$1,871$1,626$1,249
14 years$2,585$2,237$1,930$1,661$1,425$1,068
15 years$2,388$2,044$1,743$1,481$1,255$918
16 years$2,215$1,875$1,580$1,326$1,109$791
17 years$2,063$1,727$1,438$1,191$983$683
18 years$1,928$1,596$1,312$1,074$874$592
19 years$1,808$1,479$1,202$970$779$514
20 years$1,699$1,374$1,103$879$696$447
21 years$1,601$1,280$1,014$798$623$389
22 years$1,512$1,195$935$725$558$339
23 years$1,431$1,118$863$660$501$296
24 years$1,357$1,047$798$602$451$259
25 years$1,289$983$739$550$405$226
26 years$1,226$923$686$503$365$198
27 years$1,168$869$637$460$329$173
28 years$1,114$819$592$422$297$152
29 years$1,064$773$551$387$268$133
30 years$1,018$730$513$355$242$117
31 years$974$690$478$326$219$102
32 years$934$653$446$300$198$90
33 years$895$618$417$276$179$79
34 years$860$586$389$254$162$69
35 years$826$556$364$233$147$61
36 years$794$527$341$215$133$53
37 years$764$501$319$198$121$47
38 years$736$476$298$183$110$41
39 years$709$453$280$168$99$36
40 years$684$431$262$155$90$32
41 years$659$410$246$143$82$28
42 years$637$390$231$132$74$25
43 years$615$372$216$122$67$22
44 years$594$355$203$113$61$19
45 years$574$338$191$104$55$17
46 years$555$323$179$96$50$15
47 years$538$308$168$89$46$13
48 years$520$294$158$82$42$11
49 years$504$281$149$76$38$10
50 years$488$268$140$70$34$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $500,000, adding $4,966 every year, while hoping to spend $26,339 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: 65/23/12 Blend
50$500,000$500,000$500,000$500,000
51$556,122$529,622$521,872$590,437
52$584,822$527,549$511,331$611,892
53$615,567$524,492$499,553$631,788
54$648,537$520,374$486,470$652,863
55$683,931$515,116$472,010$675,230
56$721,966$508,630$456,096$699,015
57$762,881$500,828$438,650$724,358
58$806,939$491,612$419,589$751,413
59$854,427$480,882$398,825$780,352
60$905,662$468,529$376,270$811,363
61$960,992$454,439$351,827$844,657
62$1,020,798$438,492$325,399$880,467
63$1,085,501$420,559$296,881$919,048
64$1,155,562$400,507$266,167$960,687
65$1,231,489$378,191$233,142$1,005,698
66$1,313,839$353,460$197,690$1,054,429
67$1,403,226$326,155$159,688$1,107,267
68$1,500,324$296,106$119,007$1,164,638
69$1,605,877$263,135$75,514$1,227,015
70$1,720,700$227,052$29,067$1,294,919
71$1,845,693$187,659$0$1,368,928
72$1,981,843$144,744$0$1,452,306
73$2,130,239$98,085$0$1,547,275
74$2,292,079$47,446$0$1,650,911
75$2,468,680$0$0$1,764,098
76$2,661,492$0$0$1,889,691
77$2,872,113$0$0$2,040,031
78$3,102,301$0$0$2,204,371
79$3,353,991$0$0$2,384,095
80$3,629,313$0$0$2,580,730
81$3,930,615$0$0$2,795,956
82$4,260,479$0$0$3,031,622
83$4,621,751$0$0$3,289,766
84$5,017,565$0$0$3,572,632
85$5,451,369$0$0$3,882,691
86$5,926,965$0$0$4,222,663
87$6,448,538$0$0$4,595,547
88$7,020,698$0$0$5,004,643
89$7,648,521$0$0$5,453,589
90$8,337,602$0$0$5,946,388
91$9,094,100$0$0$6,487,454
92$9,924,802$0$0$7,081,646
93$10,837,183$0$0$7,734,319
94$11,839,479$0$0$8,451,370
95$12,940,761$0$0$9,239,297
96$14,151,025$0$0$10,105,259
97$15,481,280$0$0$11,057,140
98$16,943,656$0$0$12,103,629
99$18,551,519$0$0$13,254,298
100$20,319,591$0$0$14,519,692