Can I retire at age 51 with 505,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $505,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$41,702$41,331$40,969$40,615$40,269$39,882
2 years$20,645$20,260$19,888$19,526$19,176$18,786
3 years$13,626$13,240$12,869$12,511$12,166$11,785
4 years$10,118$9,733$9,365$9,013$8,677$8,308
5 years$8,013$7,631$7,268$6,923$6,596$6,241
6 years$6,611$6,231$5,873$5,536$5,219$4,877
7 years$5,609$5,233$4,881$4,552$4,245$3,917
8 years$4,859$4,486$4,139$3,818$3,521$3,207
9 years$4,275$3,905$3,565$3,252$2,965$2,665
10 years$3,809$3,442$3,108$2,804$2,527$2,240
11 years$3,427$3,065$2,736$2,440$2,173$1,900
12 years$3,109$2,751$2,428$2,140$1,883$1,623
13 years$2,841$2,486$2,170$1,889$1,642$1,394
14 years$2,611$2,260$1,949$1,677$1,439$1,204
15 years$2,411$2,064$1,760$1,496$1,267$1,044
16 years$2,237$1,894$1,596$1,339$1,120$909
17 years$2,084$1,744$1,452$1,203$993$793
18 years$1,948$1,612$1,326$1,085$883$694
19 years$1,826$1,494$1,214$980$787$608
20 years$1,716$1,388$1,114$888$703$535
21 years$1,617$1,293$1,024$805$629$470
22 years$1,528$1,207$944$732$564$415
23 years$1,446$1,129$872$667$506$366
24 years$1,371$1,058$806$608$455$323
25 years$1,302$992$747$556$409$286
26 years$1,239$933$693$508$369$253
27 years$1,180$878$643$465$333$224
28 years$1,126$827$598$426$300$198
29 years$1,075$780$556$391$271$176
30 years$1,028$737$518$359$245$156
31 years$984$697$483$329$221$138
32 years$943$659$451$303$200$123
33 years$904$624$421$278$181$109
34 years$868$592$393$256$164$97
35 years$834$561$368$236$149$86
36 years$802$533$344$217$135$77
37 years$772$506$322$200$122$68
38 years$743$481$301$184$111$60
39 years$716$457$282$170$100$54
40 years$690$435$265$157$91$48
41 years$666$414$248$145$83$43
42 years$643$394$233$133$75$38
43 years$621$376$218$123$68$34
44 years$600$358$205$114$62$30
45 years$580$341$193$105$56$27
46 years$561$326$181$97$51$24
47 years$543$311$170$90$46$21
48 years$526$297$160$83$42$19
49 years$509$283$150$77$38$17
50 years$493$271$141$71$35$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $505,000, adding $4,470 every year, while hoping to spend $33,007 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: 57/31/12 Blend
50$505,000$505,000$505,000$505,000
51$561,121$534,356$526,528$591,173
52$583,236$525,420$509,048$603,064
53$606,501$514,940$489,875$611,977
54$630,997$502,806$468,920$620,908
55$656,815$488,900$446,085$629,862
56$684,053$473,098$421,271$638,849
57$712,816$455,270$394,374$647,880
58$743,221$435,276$365,283$656,969
59$775,395$412,970$333,886$666,134
60$809,477$388,197$300,062$675,398
61$845,617$360,792$263,687$684,785
62$883,981$330,581$224,632$694,328
63$924,749$297,382$182,759$704,064
64$968,120$261,000$137,928$714,036
65$1,014,309$221,231$89,990$724,296
66$1,063,554$177,857$38,790$734,903
67$1,116,115$130,650$0$745,924
68$1,172,275$79,368$0$759,470
69$1,232,346$23,756$0$779,034
70$1,296,671$0$0$799,772
71$1,365,623$0$0$834,261
72$1,439,614$0$0$879,996
73$1,519,096$0$0$929,156
74$1,604,562$0$0$982,052
75$1,696,557$0$0$1,039,024
76$1,795,679$0$0$1,100,447
77$1,902,582$0$0$1,166,731
78$2,017,987$0$0$1,238,328
79$2,142,685$0$0$1,315,735
80$2,277,548$0$0$1,399,497
81$2,423,529$0$0$1,490,214
82$2,581,682$0$0$1,588,544
83$2,753,161$0$0$1,695,214
84$2,939,238$0$0$1,811,021
85$3,141,310$0$0$1,936,840
86$3,360,914$0$0$2,073,638
87$3,599,743$0$0$2,222,475
88$3,859,657$0$0$2,384,520
89$4,142,704$0$0$2,561,056
90$4,451,136$0$0$2,753,499
91$4,787,434$0$0$2,963,404
92$5,154,325$0$0$3,192,484
93$5,554,815$0$0$3,442,625
94$5,992,209$0$0$3,715,903
95$6,470,148$0$0$4,014,602
96$6,992,638$0$0$4,341,238
97$7,564,093$0$0$4,698,581
98$8,189,369$0$0$5,089,681
99$8,873,816$0$0$5,517,897
100$9,623,324$0$0$5,986,926