Can I retire at age 51 with 512,000?

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 $512,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$42,280$41,904$41,536$41,178$40,828$40,469
2 years$20,931$20,541$20,163$19,797$19,442$19,080
3 years$13,815$13,424$13,047$12,684$12,335$11,981
4 years$10,258$9,868$9,495$9,138$8,797$8,455
5 years$8,125$7,737$7,368$7,019$6,687$6,358
6 years$6,703$6,318$5,955$5,613$5,292$4,974
7 years$5,687$5,305$4,948$4,615$4,303$3,999
8 years$4,926$4,548$4,197$3,871$3,570$3,278
9 years$4,334$3,960$3,615$3,298$3,007$2,727
10 years$3,861$3,490$3,151$2,842$2,562$2,295
11 years$3,475$3,107$2,774$2,474$2,203$1,949
12 years$3,152$2,789$2,462$2,170$1,909$1,667
13 years$2,880$2,520$2,200$1,916$1,665$1,434
14 years$2,647$2,291$1,977$1,701$1,459$1,240
15 years$2,445$2,093$1,785$1,517$1,285$1,077
16 years$2,268$1,920$1,618$1,358$1,136$938
17 years$2,113$1,768$1,472$1,220$1,007$820
18 years$1,975$1,634$1,344$1,100$895$719
19 years$1,851$1,514$1,230$994$798$631
20 years$1,740$1,407$1,129$900$713$555
21 years$1,640$1,311$1,039$817$638$489
22 years$1,549$1,224$957$743$572$432
23 years$1,466$1,144$884$676$513$382
24 years$1,390$1,072$817$617$461$338
25 years$1,320$1,006$757$563$415$299
26 years$1,256$946$702$515$374$265
27 years$1,196$890$652$471$337$235
28 years$1,141$839$606$432$304$208
29 years$1,090$791$564$396$275$185
30 years$1,042$747$525$363$248$164
31 years$998$706$490$334$224$146
32 years$956$668$457$307$203$130
33 years$917$633$427$282$184$116
34 years$880$600$399$260$166$103
35 years$846$569$373$239$151$92
36 years$813$540$349$220$136$82
37 years$782$513$326$203$124$73
38 years$753$487$306$187$112$65
39 years$726$463$286$172$102$58
40 years$700$441$268$159$92$51
41 years$675$420$252$147$84$46
42 years$652$400$236$135$76$41
43 years$630$381$222$125$69$36
44 years$608$363$208$115$63$32
45 years$588$346$195$107$57$29
46 years$569$330$183$98$52$26
47 years$550$315$172$91$47$23
48 years$533$301$162$84$43$20
49 years$516$287$152$78$39$18
50 years$500$274$143$72$35$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $512,000, adding $3,858 every year, while hoping to spend $43,135 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: 39/38/23 Blend
50$512,000$512,000$512,000$512,000
51$568,204$541,068$533,132$586,348
52$580,265$521,685$505,096$580,438
53$592,111$499,906$474,676$569,712
54$603,674$475,569$441,745$557,252
55$614,878$448,502$406,173$542,923
56$625,639$418,521$367,823$526,586
57$635,860$385,435$326,551$508,088
58$645,436$349,039$282,209$487,266
59$654,247$309,119$234,639$463,948
60$662,161$265,446$183,680$437,945
61$669,029$217,780$129,161$409,060
62$674,686$165,868$70,904$377,076
63$678,949$109,440$8,725$341,765
64$681,613$48,215$0$302,880
65$682,452$0$0$274,299
66$681,212$0$0$252,371
67$677,614$0$0$249,553
68$671,348$0$0$245,547
69$662,067$0$0$240,204
70$649,391$0$0$233,359
71$632,894$0$0$224,829
72$612,110$0$0$214,410
73$586,517$0$0$201,878
74$555,540$0$0$186,983
75$518,544$0$0$169,452
76$474,824$0$0$148,980
77$423,601$0$0$125,230
78$364,014$0$0$97,831
79$295,111$0$0$66,371
80$215,840$0$0$30,398
81$125,038$0$0$0
82$21,421$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$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