Can I retire at age 51 with 514,000?

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 $514,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$42,446$42,068$41,699$41,339$40,987$39,533
2 years$21,013$20,621$20,242$19,874$19,518$18,068
3 years$13,869$13,476$13,098$12,734$12,383$10,983
4 years$10,298$9,906$9,532$9,174$8,832$7,493
5 years$8,156$7,767$7,397$7,046$6,714$5,439
6 years$6,729$6,342$5,978$5,635$5,312$4,103
7 years$5,709$5,326$4,968$4,633$4,320$3,176
8 years$4,945$4,566$4,213$3,886$3,584$2,504
9 years$4,351$3,975$3,629$3,310$3,018$2,001
10 years$3,876$3,504$3,164$2,854$2,572$1,616
11 years$3,488$3,119$2,785$2,483$2,212$1,315
12 years$3,165$2,800$2,472$2,178$1,917$1,077
13 years$2,891$2,530$2,208$1,923$1,671$886
14 years$2,657$2,300$1,984$1,707$1,465$732
15 years$2,454$2,101$1,791$1,522$1,290$607
16 years$2,277$1,928$1,624$1,363$1,140$504
17 years$2,121$1,775$1,478$1,225$1,011$420
18 years$1,982$1,640$1,349$1,104$899$350
19 years$1,858$1,520$1,235$997$801$293
20 years$1,747$1,413$1,134$903$716$245
21 years$1,646$1,316$1,043$820$640$205
22 years$1,555$1,228$961$745$574$172
23 years$1,472$1,149$887$679$515$144
24 years$1,395$1,076$821$619$463$121
25 years$1,325$1,010$760$565$417$102
26 years$1,261$949$705$517$375$85
27 years$1,201$893$655$473$338$72
28 years$1,146$842$608$434$305$60
29 years$1,094$794$566$398$276$51
30 years$1,046$750$527$365$249$43
31 years$1,002$709$492$335$225$36
32 years$960$671$459$308$204$30
33 years$920$635$428$283$184$25
34 years$884$602$400$261$167$21
35 years$849$571$374$240$151$18
36 years$816$542$350$221$137$15
37 years$786$515$328$204$124$13
38 years$756$489$307$188$113$11
39 years$729$465$287$173$102$9
40 years$703$443$269$160$93$8
41 years$678$421$253$147$84$6
42 years$654$401$237$136$76$5
43 years$632$382$222$125$69$5
44 years$611$364$209$116$63$4
45 years$590$348$196$107$57$3
46 years$571$332$184$99$52$3
47 years$553$316$173$91$47$2
48 years$535$302$163$84$43$2
49 years$518$288$153$78$39$2
50 years$502$276$144$72$35$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $514,000, adding $3,649 every year, while hoping to spend $27,600 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: 66/8/26 Blend
50$514,000$514,000$514,000$514,000
51$570,192$542,950$534,983$603,731
52$598,985$540,188$523,539$624,015
53$629,791$536,366$510,786$642,746
54$662,784$531,403$496,652$662,605
55$698,158$525,212$481,060$683,703
56$736,125$517,703$463,931$706,165
57$776,918$508,778$445,180$730,131
58$820,792$498,336$424,722$755,753
59$868,026$486,268$402,463$783,203
60$918,929$472,459$378,310$812,669
61$973,838$456,788$352,162$844,359
62$1,033,125$439,126$323,915$878,505
63$1,097,198$419,338$293,461$915,363
64$1,166,506$397,279$260,685$955,218
65$1,241,541$372,797$225,469$998,382
66$1,322,845$345,730$187,689$1,045,203
67$1,411,013$315,910$147,215$1,096,066
68$1,506,703$283,155$103,913$1,151,396
69$1,610,633$247,276$57,640$1,211,663
70$1,723,596$208,072$8,251$1,277,388
71$1,846,466$165,330$0$1,349,145
72$1,980,200$118,826$0$1,439,904
73$2,125,856$68,324$0$1,541,279
74$2,284,594$13,573$0$1,651,803
75$2,457,693$0$0$1,772,383
76$2,646,560$0$0$1,908,040
77$2,852,745$0$0$2,057,471
78$3,077,952$0$0$2,220,721
79$3,324,059$0$0$2,399,154
80$3,593,131$0$0$2,594,273
81$3,887,444$0$0$2,807,732
82$4,209,502$0$0$3,041,352
83$4,562,066$0$0$3,297,138
84$4,948,172$0$0$3,577,301
85$5,371,164$0$0$3,884,272
86$5,834,728$0$0$4,220,729
87$6,342,920$0$0$4,589,623
88$6,900,209$0$0$4,994,204
89$7,511,516$0$0$5,438,049
90$8,182,262$0$0$5,925,101
91$8,918,418$0$0$6,459,703
92$9,726,562$0$0$7,046,636
93$10,613,937$0$0$7,691,170
94$11,588,526$0$0$8,399,108
95$12,659,120$0$0$9,176,845
96$13,835,404$0$0$10,031,423
97$15,128,049$0$0$10,970,602
98$16,548,808$0$0$12,002,930
99$18,110,632$0$0$13,137,825
100$19,827,789$0$0$14,385,664