Can I retire at age 51 with 510,000?

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 $510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$42,115$41,740$41,374$41,017$40,668$39,962
2 years$20,849$20,461$20,085$19,720$19,366$18,656
3 years$13,761$13,371$12,996$12,635$12,286$11,596
4 years$10,218$9,829$9,458$9,103$8,763$8,097
5 years$8,093$7,706$7,340$6,992$6,661$6,022
6 years$6,676$6,293$5,932$5,591$5,271$4,658
7 years$5,665$5,285$4,929$4,597$4,287$3,701
8 years$4,907$4,530$4,180$3,856$3,556$2,998
9 years$4,317$3,944$3,600$3,285$2,995$2,463
10 years$3,846$3,477$3,139$2,831$2,552$2,047
11 years$3,461$3,095$2,764$2,464$2,195$1,715
12 years$3,140$2,778$2,453$2,161$1,902$1,447
13 years$2,869$2,510$2,191$1,908$1,658$1,229
14 years$2,637$2,282$1,969$1,694$1,454$1,048
15 years$2,435$2,085$1,778$1,511$1,280$897
16 years$2,259$1,913$1,612$1,353$1,131$770
17 years$2,104$1,761$1,466$1,215$1,003$663
18 years$1,967$1,628$1,339$1,095$892$572
19 years$1,844$1,508$1,226$990$795$495
20 years$1,733$1,402$1,125$896$710$429
21 years$1,633$1,306$1,035$813$635$372
22 years$1,543$1,219$953$740$570$323
23 years$1,460$1,140$880$674$511$281
24 years$1,384$1,068$814$614$460$244
25 years$1,315$1,002$754$561$414$213
26 years$1,251$942$699$513$372$186
27 years$1,192$887$649$470$336$162
28 years$1,137$835$604$430$303$141
29 years$1,086$788$562$395$274$123
30 years$1,038$744$523$362$247$108
31 years$994$704$488$333$224$94
32 years$952$666$455$306$202$82
33 years$913$630$425$281$183$72
34 years$877$598$397$259$166$63
35 years$842$567$371$238$150$55
36 years$810$538$347$219$136$48
37 years$779$511$325$202$123$42
38 years$751$486$304$186$112$37
39 years$723$462$285$172$101$32
40 years$697$439$267$158$92$28
41 years$673$418$251$146$83$25
42 years$649$398$235$135$76$22
43 years$627$379$221$124$69$19
44 years$606$362$207$115$62$17
45 years$586$345$194$106$57$14
46 years$567$329$183$98$51$13
47 years$548$314$172$91$47$11
48 years$531$300$161$84$42$10
49 years$514$286$152$77$38$8
50 years$498$273$143$71$35$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $510,000, adding $4,100 every year, while hoping to spend $33,111 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: 68/7/25 Blend
50$510,000$510,000$510,000$510,000
51$566,249$539,219$531,314$600,854
52$588,777$530,411$513,883$615,788
53$612,492$520,062$494,759$627,948
54$637,482$508,060$473,849$640,484
55$663,840$494,290$451,058$653,432
56$691,669$478,627$426,285$666,833
57$721,080$460,941$399,427$680,736
58$752,195$441,092$370,372$695,193
59$785,147$418,933$339,008$710,264
60$820,081$394,310$305,214$726,015
61$857,157$367,059$268,865$742,520
62$896,547$337,005$229,832$759,865
63$938,441$303,965$187,979$778,141
64$983,048$267,745$143,162$797,455
65$1,030,595$228,140$95,233$817,924
66$1,081,330$184,934$44,039$839,678
67$1,135,528$137,897$0$862,863
68$1,193,486$86,789$0$890,469
69$1,255,534$31,353$0$932,572
70$1,322,030$0$0$977,660
71$1,393,369$0$0$1,028,218
72$1,469,985$0$0$1,085,129
73$1,552,351$0$0$1,146,334
74$1,640,991$0$0$1,212,223
75$1,736,476$0$0$1,283,226
76$1,839,437$0$0$1,359,813
77$1,950,563$0$0$1,442,500
78$2,070,614$0$0$1,531,858
79$2,200,425$0$0$1,628,510
80$2,340,913$0$0$1,733,144
81$2,493,085$0$0$1,846,513
82$2,658,052$0$0$1,969,449
83$2,837,032$0$0$2,102,864
84$3,031,365$0$0$2,247,761
85$3,242,525$0$0$2,405,247
86$3,472,137$0$0$2,576,534
87$3,721,983$0$0$2,762,960
88$3,994,027$0$0$2,965,996
89$4,290,431$0$0$3,187,260
90$4,613,572$0$0$3,428,532
91$4,966,067$0$0$3,691,774
92$5,350,796$0$0$3,979,142
93$5,770,931$0$0$4,293,013
94$6,229,962$0$0$4,636,001
95$6,731,732$0$0$5,010,983
96$7,280,471$0$0$5,421,131
97$7,880,837$0$0$5,869,933
98$8,537,961$0$0$6,361,232
99$9,257,489$0$0$6,899,259
100$10,045,642$0$0$7,488,674