Can I retire at age 51 with 504,000?

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 $504,000?

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$41,620$41,249$40,887$40,534$40,190$39,218
2 years$20,604$20,220$19,848$19,488$19,138$18,165
3 years$13,599$13,214$12,843$12,486$12,142$11,198
4 years$10,098$9,714$9,347$8,995$8,660$7,752
5 years$7,998$7,616$7,253$6,909$6,583$5,714
6 years$6,598$6,219$5,862$5,525$5,209$4,380
7 years$5,598$5,223$4,871$4,543$4,236$3,447
8 years$4,849$4,477$4,131$3,811$3,514$2,764
9 years$4,267$3,898$3,558$3,246$2,960$2,248
10 years$3,801$3,436$3,102$2,798$2,522$1,848
11 years$3,420$3,059$2,731$2,435$2,169$1,533
12 years$3,103$2,745$2,424$2,136$1,879$1,279
13 years$2,835$2,481$2,165$1,886$1,639$1,073
14 years$2,605$2,255$1,946$1,674$1,437$905
15 years$2,407$2,060$1,757$1,493$1,265$765
16 years$2,233$1,890$1,593$1,337$1,118$650
17 years$2,080$1,741$1,449$1,201$991$553
18 years$1,944$1,608$1,323$1,082$881$471
19 years$1,822$1,491$1,211$978$786$402
20 years$1,713$1,385$1,112$886$702$344
21 years$1,614$1,290$1,022$804$628$295
22 years$1,525$1,204$942$731$563$253
23 years$1,443$1,126$870$666$505$217
24 years$1,368$1,055$805$607$454$186
25 years$1,299$990$745$554$409$160
26 years$1,236$931$691$507$368$137
27 years$1,178$876$642$464$332$118
28 years$1,123$826$597$425$299$102
29 years$1,073$779$555$390$270$88
30 years$1,026$735$517$358$244$75
31 years$982$695$482$329$221$65
32 years$941$658$450$302$200$56
33 years$903$623$420$278$181$48
34 years$866$590$392$256$164$42
35 years$832$560$367$235$148$36
36 years$800$532$343$217$134$31
37 years$770$505$321$200$122$27
38 years$742$480$301$184$110$23
39 years$715$456$282$170$100$20
40 years$689$434$264$156$91$17
41 years$665$413$248$144$82$15
42 years$642$394$232$133$75$13
43 years$620$375$218$123$68$11
44 years$599$357$205$114$62$9
45 years$579$341$192$105$56$8
46 years$560$325$181$97$51$7
47 years$542$310$170$89$46$6
48 years$524$296$159$83$42$5
49 years$508$283$150$76$38$5
50 years$492$270$141$71$35$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $504,000, adding $6,954 every year, while hoping to spend $39,202 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: 42/32/26 Blend
50$504,000$504,000$504,000$504,000
51$562,581$535,869$528,057$581,678
52$578,254$520,416$504,036$580,576
53$594,211$502,892$477,897$575,144
54$610,441$483,154$449,527$568,497
55$626,928$461,051$418,808$560,548
56$643,655$436,422$385,619$551,202
57$660,601$409,100$349,830$540,356
58$677,740$378,904$311,307$527,905
59$695,046$345,647$269,912$513,734
60$712,484$309,127$225,498$497,721
61$730,017$269,134$177,912$479,738
62$747,601$225,444$126,994$459,645
63$765,188$177,822$72,580$437,298
64$782,720$126,018$14,494$412,539
65$800,134$69,769$0$385,202
66$817,358$8,799$0$368,286
67$834,311$0$0$353,574
68$850,901$0$0$357,030
69$867,024$0$0$363,333
70$882,567$0$0$369,331
71$897,398$0$0$374,962
72$911,374$0$0$380,159
73$924,332$0$0$384,844
74$936,092$0$0$388,933
75$946,452$0$0$392,332
76$955,187$0$0$394,935
77$962,047$0$0$396,624
78$966,755$0$0$397,270
79$968,999$0$0$396,729
80$968,438$0$0$394,838
81$964,688$0$0$391,421
82$957,325$0$0$386,278
83$945,880$0$0$379,191
84$929,832$0$0$369,918
85$908,601$0$0$358,187
86$881,549$0$0$343,703
87$847,967$0$0$326,133
88$807,068$0$0$305,114
89$757,985$0$0$280,241
90$699,757$0$0$251,067
91$631,319$0$0$217,098
92$551,497$0$0$177,787
93$458,990$0$0$132,531
94$352,361$0$0$80,662
95$230,023$0$0$21,443
96$90,220$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0