Can I retire at age 51 with 508,000?

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 $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%11.8%
1 years$41,950$41,576$41,212$40,856$40,509$40,203
2 years$20,767$20,381$20,006$19,642$19,290$18,981
3 years$13,707$13,319$12,945$12,585$12,238$11,937
4 years$10,178$9,791$9,421$9,067$8,728$8,437
5 years$8,061$7,676$7,311$6,964$6,635$6,354
6 years$6,650$6,268$5,908$5,569$5,250$4,979
7 years$5,643$5,264$4,910$4,579$4,270$4,009
8 years$4,888$4,512$4,164$3,841$3,542$3,293
9 years$4,301$3,929$3,586$3,272$2,983$2,744
10 years$3,831$3,463$3,127$2,820$2,542$2,313
11 years$3,447$3,083$2,753$2,454$2,186$1,968
12 years$3,128$2,767$2,443$2,153$1,894$1,686
13 years$2,858$2,501$2,183$1,901$1,652$1,454
14 years$2,626$2,273$1,961$1,687$1,448$1,260
15 years$2,426$2,076$1,771$1,505$1,275$1,096
16 years$2,251$1,905$1,605$1,347$1,127$957
17 years$2,096$1,754$1,461$1,211$999$838
18 years$1,959$1,621$1,333$1,091$888$736
19 years$1,837$1,503$1,221$986$792$648
20 years$1,727$1,396$1,120$893$707$571
21 years$1,627$1,301$1,030$810$633$504
22 years$1,537$1,214$950$737$567$446
23 years$1,454$1,135$877$671$509$395
24 years$1,379$1,064$811$612$458$350
25 years$1,310$998$751$559$412$311
26 years$1,246$938$697$511$371$276
27 years$1,187$883$647$468$335$246
28 years$1,132$832$601$429$302$218
29 years$1,081$785$560$393$273$194
30 years$1,034$741$521$361$246$173
31 years$990$701$486$331$223$154
32 years$949$663$453$304$201$138
33 years$910$628$423$280$182$123
34 years$873$595$396$258$165$109
35 years$839$564$370$237$149$98
36 years$807$536$346$218$135$87
37 years$776$509$324$201$123$78
38 years$748$484$303$185$111$69
39 years$720$460$284$171$101$62
40 years$695$438$266$158$92$55
41 years$670$416$250$146$83$49
42 years$647$397$234$134$75$44
43 years$625$378$220$124$68$40
44 years$604$360$206$114$62$35
45 years$584$344$194$106$56$32
46 years$564$328$182$98$51$28
47 years$546$313$171$90$46$25
48 years$529$299$161$83$42$23
49 years$512$285$151$77$38$20
50 years$496$272$142$71$35$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $508,000, adding $2,684 every year, while hoping to spend $40,990 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: 65/26/9 Blend
50$508,000$508,000$508,000$508,000
51$562,585$535,661$527,787$597,940
52$576,355$518,295$501,854$604,462
53$590,156$498,704$473,680$606,496
54$603,949$476,737$443,144$607,660
55$617,686$452,231$410,124$607,865
56$631,316$425,017$374,489$607,015
57$644,782$394,915$336,106$605,008
58$658,016$361,732$294,833$601,731
59$670,946$325,270$250,522$597,062
60$683,488$285,313$203,020$590,869
61$695,549$241,638$152,165$583,011
62$707,023$194,007$97,791$573,330
63$717,795$142,168$39,723$561,660
64$727,733$85,858$0$547,817
65$736,691$24,794$0$533,739
66$744,507$0$0$521,284
67$750,999$0$0$518,239
68$755,967$0$0$521,176
69$759,184$0$0$522,840
70$760,402$0$0$523,053
71$759,343$0$0$521,613
72$755,700$0$0$518,301
73$749,130$0$0$512,870
74$739,256$0$0$505,050
75$725,656$0$0$494,537
76$707,865$0$0$480,998
77$685,368$0$0$464,063
78$657,593$0$0$443,322
79$623,908$0$0$418,320
80$583,614$0$0$388,557
81$535,935$0$0$353,476
82$480,016$0$0$312,463
83$414,910$0$0$264,839
84$339,570$0$0$209,854
85$252,839$0$0$146,677
86$153,439$0$0$74,392
87$39,956$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0