Can I retire at age 51 with 507,000?

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 $507,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$41,868$41,495$41,131$40,776$40,429$39,858
2 years$20,727$20,341$19,966$19,604$19,252$18,677
3 years$13,680$13,293$12,920$12,560$12,214$11,654
4 years$10,158$9,772$9,402$9,049$8,711$8,171
5 years$8,045$7,661$7,296$6,950$6,622$6,102
6 years$6,637$6,256$5,897$5,558$5,240$4,741
7 years$5,632$5,254$4,900$4,570$4,261$3,784
8 years$4,878$4,503$4,156$3,834$3,535$3,079
9 years$4,292$3,921$3,579$3,265$2,977$2,542
10 years$3,824$3,456$3,121$2,815$2,537$2,122
11 years$3,441$3,077$2,747$2,450$2,182$1,788
12 years$3,122$2,762$2,438$2,149$1,891$1,516
13 years$2,852$2,496$2,178$1,897$1,649$1,294
14 years$2,621$2,268$1,957$1,684$1,445$1,109
15 years$2,421$2,072$1,767$1,502$1,272$955
16 years$2,246$1,901$1,602$1,345$1,125$824
17 years$2,092$1,751$1,458$1,208$997$714
18 years$1,955$1,618$1,331$1,089$887$620
19 years$1,833$1,500$1,218$984$790$539
20 years$1,723$1,393$1,118$891$706$470
21 years$1,624$1,298$1,028$809$632$410
22 years$1,534$1,212$948$735$566$358
23 years$1,451$1,133$875$670$508$314
24 years$1,376$1,062$809$611$457$275
25 years$1,307$996$750$558$411$241
26 years$1,243$936$695$510$370$211
27 years$1,185$881$646$467$334$185
28 years$1,130$830$600$428$301$163
29 years$1,079$783$559$392$272$143
30 years$1,032$740$520$360$246$126
31 years$988$699$485$331$222$111
32 years$947$662$453$304$201$97
33 years$908$627$423$279$182$86
34 years$872$594$395$257$165$75
35 years$837$563$369$237$149$66
36 years$805$535$345$218$135$58
37 years$775$508$323$201$122$51
38 years$746$483$303$185$111$45
39 years$719$459$284$171$101$40
40 years$693$437$266$157$91$35
41 years$669$416$249$145$83$31
42 years$645$396$234$134$75$27
43 years$623$377$219$124$68$24
44 years$602$360$206$114$62$21
45 years$582$343$193$105$56$19
46 years$563$327$182$97$51$16
47 years$545$312$171$90$46$15
48 years$528$298$160$83$42$13
49 years$511$285$151$77$38$11
50 years$495$272$142$71$35$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $507,000, adding $2,374 every year, while hoping to spend $21,156 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: 71/6/23 Blend
50$507,000$507,000$507,000$507,000
51$561,163$534,292$526,433$597,626
52$595,892$537,962$521,559$625,944
53$633,454$541,104$515,812$654,224
54$674,116$543,667$509,142$684,675
55$718,171$545,602$501,493$717,511
56$765,941$546,854$492,810$752,967
57$817,782$547,364$483,034$791,303
58$874,082$547,071$472,102$832,805
59$935,270$545,910$459,950$877,789
60$1,001,819$543,811$446,509$926,605
61$1,074,247$540,700$431,710$979,636
62$1,153,126$536,500$415,478$1,037,307
63$1,239,083$531,127$397,734$1,100,086
64$1,332,811$524,493$378,399$1,168,489
65$1,435,069$516,505$357,388$1,243,087
66$1,546,698$507,065$334,612$1,324,507
67$1,668,617$496,068$309,978$1,413,443
68$1,801,844$483,403$283,389$1,510,658
69$1,947,494$468,952$254,746$1,616,997
70$2,106,800$452,592$223,941$1,733,389
71$2,281,116$434,192$190,865$1,860,859
72$2,471,934$413,611$155,404$2,000,540
73$2,680,897$390,704$117,435$2,153,680
74$2,909,814$365,314$76,835$2,321,653
75$3,160,678$337,277$33,472$2,505,978
76$3,435,683$306,420$0$2,708,329
77$3,737,246$272,557$0$2,933,693
78$4,068,029$235,496$0$3,189,933
79$4,430,963$195,031$0$3,471,108
80$4,829,279$150,945$0$3,779,729
81$5,266,533$103,009$0$4,118,567
82$5,746,644$50,981$0$4,490,672
83$6,273,928$0$0$4,899,403
84$6,853,141$0$0$5,348,821
85$7,489,521$0$0$5,846,321
86$8,188,838$0$0$6,393,052
87$8,957,450$0$0$6,993,987
88$9,802,361$0$0$7,654,605
89$10,731,288$0$0$8,380,945
90$11,752,731$0$0$9,179,656
91$12,876,058$0$0$10,058,068
92$14,111,587$0$0$11,024,253
93$15,470,688$0$0$12,087,108
94$16,965,888$0$0$13,256,433
95$18,610,991$0$0$14,543,026
96$20,421,204$0$0$15,958,788
97$22,413,282$0$0$17,516,826
98$24,605,690$0$0$19,231,587
99$27,018,771$0$0$21,118,987
100$29,674,940$0$0$23,196,564