Can I retire at age 51 with 501,000?

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 $501,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$41,372$41,004$40,644$40,293$39,950$38,985
2 years$20,481$20,100$19,730$19,372$19,024$18,057
3 years$13,519$13,135$12,767$12,412$12,070$11,131
4 years$10,038$9,656$9,291$8,942$8,608$7,706
5 years$7,950$7,570$7,210$6,868$6,544$5,680
6 years$6,559$6,182$5,827$5,493$5,178$4,353
7 years$5,565$5,191$4,842$4,516$4,211$3,426
8 years$4,820$4,450$4,107$3,788$3,493$2,748
9 years$4,241$3,875$3,537$3,227$2,942$2,235
10 years$3,778$3,415$3,084$2,781$2,507$1,837
11 years$3,400$3,040$2,715$2,421$2,156$1,523
12 years$3,085$2,729$2,409$2,123$1,868$1,272
13 years$2,818$2,466$2,153$1,875$1,629$1,067
14 years$2,590$2,242$1,934$1,664$1,428$899
15 years$2,392$2,048$1,746$1,484$1,257$761
16 years$2,220$1,879$1,583$1,329$1,111$646
17 years$2,067$1,730$1,441$1,194$985$549
18 years$1,932$1,599$1,315$1,076$876$468
19 years$1,811$1,482$1,204$972$781$400
20 years$1,703$1,377$1,105$880$698$342
21 years$1,605$1,283$1,016$799$624$293
22 years$1,516$1,197$937$727$560$251
23 years$1,434$1,120$865$662$502$215
24 years$1,360$1,049$800$604$451$185
25 years$1,292$985$741$551$406$159
26 years$1,229$925$687$504$366$137
27 years$1,171$871$638$461$330$118
28 years$1,117$821$593$423$298$101
29 years$1,067$774$552$388$269$87
30 years$1,020$731$514$356$243$75
31 years$976$691$479$327$220$65
32 years$935$654$447$300$199$56
33 years$897$619$418$276$180$48
34 years$861$587$390$254$163$41
35 years$828$557$365$234$147$36
36 years$796$528$341$215$134$31
37 years$766$502$319$198$121$26
38 years$737$477$299$183$110$23
39 years$710$454$280$169$100$20
40 years$685$432$263$156$90$17
41 years$661$411$246$144$82$15
42 years$638$391$231$132$74$13
43 years$616$373$217$122$67$11
44 years$595$355$203$113$61$9
45 years$575$339$191$104$56$8
46 years$557$323$179$96$50$7
47 years$539$308$169$89$46$6
48 years$521$294$158$82$42$5
49 years$505$281$149$76$38$4
50 years$489$269$140$70$34$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $501,000, adding $5,224 every year, while hoping to spend $31,913 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: 46/37/17 Blend
50$501,000$501,000$501,000$501,000
51$557,491$530,938$523,172$580,213
52$580,399$522,998$506,743$588,642
53$604,575$513,600$488,694$594,154
54$630,114$502,639$468,937$599,452
55$657,120$490,002$447,381$604,530
56$685,706$475,572$423,928$609,383
57$715,997$459,224$398,479$614,008
58$748,129$440,827$370,928$618,403
59$782,250$420,239$341,166$622,571
60$818,522$397,313$309,078$626,517
61$857,124$371,894$274,544$630,248
62$898,248$343,815$237,440$633,777
63$942,109$312,901$197,633$637,122
64$988,940$278,969$154,989$640,305
65$1,038,995$241,822$109,365$643,355
66$1,092,555$201,253$60,611$646,308
67$1,149,927$157,046$8,573$649,207
68$1,211,448$108,970$0$652,105
69$1,277,487$56,781$0$663,584
70$1,348,450$223$0$677,415
71$1,424,782$0$0$692,160
72$1,506,972$0$0$732,782
73$1,595,556$0$0$776,706
74$1,691,124$0$0$824,140
75$1,794,324$0$0$875,411
76$1,905,868$0$0$930,879
77$2,026,538$0$0$990,939
78$2,157,194$0$0$1,056,025
79$2,298,781$0$0$1,126,617
80$2,452,338$0$0$1,203,240
81$2,619,010$0$0$1,286,473
82$2,800,053$0$0$1,376,951
83$2,996,851$0$0$1,475,374
84$3,210,924$0$0$1,582,513
85$3,443,947$0$0$1,699,214
86$3,697,762$0$0$1,826,410
87$3,974,396$0$0$1,965,128
88$4,276,080$0$0$2,116,496
89$4,605,269$0$0$2,281,757
90$4,964,665$0$0$2,462,281
91$5,357,244$0$0$2,659,573
92$5,786,281$0$0$2,875,293
93$6,255,381$0$0$3,111,266
94$6,768,516$0$0$3,369,503
95$7,330,054$0$0$3,652,218
96$7,944,812$0$0$3,961,849
97$8,618,088$0$0$4,301,082
98$9,355,719$0$0$4,672,873
99$10,164,134$0$0$5,080,478
100$11,050,413$0$0$5,527,485