Can I retire at age 51 with 508,000?

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 $508,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$41,950$41,576$41,212$40,856$40,509$39,740
2 years$20,767$20,381$20,006$19,642$19,290$18,518
3 years$13,707$13,319$12,945$12,585$12,238$11,488
4 years$10,178$9,791$9,421$9,067$8,728$8,005
5 years$8,061$7,676$7,311$6,964$6,635$5,941
6 years$6,650$6,268$5,908$5,569$5,250$4,586
7 years$5,643$5,264$4,910$4,579$4,270$3,635
8 years$4,888$4,512$4,164$3,841$3,542$2,938
9 years$4,301$3,929$3,586$3,272$2,983$2,408
10 years$3,831$3,463$3,127$2,820$2,542$1,996
11 years$3,447$3,083$2,753$2,454$2,186$1,668
12 years$3,128$2,767$2,443$2,153$1,894$1,404
13 years$2,858$2,501$2,183$1,901$1,652$1,189
14 years$2,626$2,273$1,961$1,687$1,448$1,011
15 years$2,426$2,076$1,771$1,505$1,275$863
16 years$2,251$1,905$1,605$1,347$1,127$739
17 years$2,096$1,754$1,461$1,211$999$635
18 years$1,959$1,621$1,333$1,091$888$546
19 years$1,837$1,503$1,221$986$792$471
20 years$1,727$1,396$1,120$893$707$407
21 years$1,627$1,301$1,030$810$633$352
22 years$1,537$1,214$950$737$567$305
23 years$1,454$1,135$877$671$509$264
24 years$1,379$1,064$811$612$458$229
25 years$1,310$998$751$559$412$199
26 years$1,246$938$697$511$371$173
27 years$1,187$883$647$468$335$150
28 years$1,132$832$601$429$302$131
29 years$1,081$785$560$393$273$114
30 years$1,034$741$521$361$246$99
31 years$990$701$486$331$223$86
32 years$949$663$453$304$201$75
33 years$910$628$423$280$182$65
34 years$873$595$396$258$165$57
35 years$839$564$370$237$149$50
36 years$807$536$346$218$135$43
37 years$776$509$324$201$123$38
38 years$748$484$303$185$111$33
39 years$720$460$284$171$101$29
40 years$695$438$266$158$92$25
41 years$670$416$250$146$83$22
42 years$647$397$234$134$75$19
43 years$625$378$220$124$68$17
44 years$604$360$206$114$62$14
45 years$584$344$194$106$56$13
46 years$564$328$182$98$51$11
47 years$546$313$171$90$46$10
48 years$529$299$161$83$42$8
49 years$512$285$151$77$38$7
50 years$496$272$142$71$35$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $508,000, adding $6,288 every year, while hoping to spend $34,013 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: 37/42/21 Blend
50$508,000$508,000$508,000$508,000
51$566,302$539,378$531,504$583,474
52$587,875$529,618$513,120$586,770
53$610,509$518,240$492,980$586,689
54$634,276$505,128$470,989$585,907
55$659,253$490,161$447,049$584,380
56$685,528$473,209$421,056$582,065
57$713,192$454,137$392,901$578,915
58$742,346$432,798$362,472$574,884
59$773,101$409,041$329,651$569,924
60$805,576$382,703$294,313$563,985
61$839,904$353,614$256,331$557,017
62$876,225$321,592$215,569$548,970
63$914,697$286,447$171,888$539,794
64$955,489$247,977$125,139$529,436
65$998,788$205,967$75,171$517,845
66$1,044,798$160,193$21,823$504,971
67$1,093,741$110,416$0$490,763
68$1,145,861$56,384$0$483,039
69$1,201,425$0$0$479,614
70$1,260,725$0$0$476,590
71$1,324,081$0$0$501,243
72$1,391,844$0$0$527,656
73$1,464,400$0$0$555,984
74$1,542,170$0$0$586,399
75$1,625,617$0$0$619,088
76$1,715,249$0$0$654,257
77$1,811,624$0$0$692,132
78$1,915,354$0$0$732,961
79$2,027,111$0$0$777,016
80$2,147,634$0$0$824,598
81$2,277,734$0$0$876,036
82$2,418,301$0$0$931,691
83$2,570,316$0$0$991,962
84$2,734,854$0$0$1,057,285
85$2,913,101$0$0$1,128,142
86$3,106,356$0$0$1,205,061
87$3,316,050$0$0$1,288,624
88$3,543,759$0$0$1,379,470
89$3,791,211$0$0$1,478,305
90$4,060,313$0$0$1,585,901
91$4,353,159$0$0$1,703,112
92$4,672,054$0$0$1,830,875
93$5,019,534$0$0$1,970,222
94$5,398,392$0$0$2,122,290
95$5,811,699$0$0$2,288,328
96$6,262,838$0$0$2,469,714
97$6,755,532$0$0$2,667,962
98$7,293,877$0$0$2,884,740
99$7,882,385$0$0$3,121,887
100$8,526,025$0$0$3,381,424