Can I retire at age 51 with 514,000?

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 $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%16.4%
1 years$42,446$42,068$41,699$41,339$40,987$39,915
2 years$21,013$20,621$20,242$19,874$19,518$18,445
3 years$13,869$13,476$13,098$12,734$12,383$11,343
4 years$10,298$9,906$9,532$9,174$8,832$7,833
5 years$8,156$7,767$7,397$7,046$6,714$5,758
6 years$6,729$6,342$5,978$5,635$5,312$4,402
7 years$5,709$5,326$4,968$4,633$4,320$3,454
8 years$4,945$4,566$4,213$3,886$3,584$2,762
9 years$4,351$3,975$3,629$3,310$3,018$2,240
10 years$3,876$3,504$3,164$2,854$2,572$1,836
11 years$3,488$3,119$2,785$2,483$2,212$1,517
12 years$3,165$2,800$2,472$2,178$1,917$1,262
13 years$2,891$2,530$2,208$1,923$1,671$1,056
14 years$2,657$2,300$1,984$1,707$1,465$887
15 years$2,454$2,101$1,791$1,522$1,290$748
16 years$2,277$1,928$1,624$1,363$1,140$632
17 years$2,121$1,775$1,478$1,225$1,011$536
18 years$1,982$1,640$1,349$1,104$899$455
19 years$1,858$1,520$1,235$997$801$387
20 years$1,747$1,413$1,134$903$716$330
21 years$1,646$1,316$1,043$820$640$281
22 years$1,555$1,228$961$745$574$240
23 years$1,472$1,149$887$679$515$205
24 years$1,395$1,076$821$619$463$176
25 years$1,325$1,010$760$565$417$150
26 years$1,261$949$705$517$375$129
27 years$1,201$893$655$473$338$110
28 years$1,146$842$608$434$305$95
29 years$1,094$794$566$398$276$81
30 years$1,046$750$527$365$249$69
31 years$1,002$709$492$335$225$60
32 years$960$671$459$308$204$51
33 years$920$635$428$283$184$44
34 years$884$602$400$261$167$38
35 years$849$571$374$240$151$32
36 years$816$542$350$221$137$28
37 years$786$515$328$204$124$24
38 years$756$489$307$188$113$20
39 years$729$465$287$173$102$18
40 years$703$443$269$160$93$15
41 years$678$421$253$147$84$13
42 years$654$401$237$136$76$11
43 years$632$382$222$125$69$10
44 years$611$364$209$116$63$8
45 years$590$348$196$107$57$7
46 years$571$332$184$99$52$6
47 years$553$316$173$91$47$5
48 years$535$302$163$84$43$4
49 years$518$288$153$78$39$4
50 years$502$276$144$72$35$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $514,000, adding $3,986 every year, while hoping to spend $42,915 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: 75/6/19 Blend
50$514,000$514,000$514,000$514,000
51$570,540$543,298$535,331$610,513
52$583,073$524,258$507,603$618,500
53$595,447$502,847$477,508$621,594
54$607,600$478,903$444,921$623,859
55$619,461$452,256$409,713$625,203
56$630,954$422,724$371,746$625,523
57$641,991$390,117$330,879$624,708
58$652,474$354,233$286,963$622,634
59$662,294$314,858$239,844$619,168
60$671,328$271,767$189,359$614,163
61$679,441$224,720$135,340$607,457
62$686,479$173,467$77,609$598,876
63$692,275$117,741$15,983$588,225
64$696,638$57,262$0$575,294
65$699,359$0$0$569,945
66$700,206$0$0$566,490
67$698,918$0$0$565,041
68$695,209$0$0$561,578
69$688,758$0$0$555,837
70$679,213$0$0$547,525
71$666,181$0$0$536,318
72$649,227$0$0$521,855
73$627,869$0$0$503,738
74$601,573$0$0$481,527
75$569,750$0$0$454,731
76$531,746$0$0$422,811
77$486,837$0$0$385,169
78$434,224$0$0$341,143
79$373,024$0$0$290,002
80$302,258$0$0$230,937
81$220,846$0$0$163,056
82$127,595$0$0$85,370
83$21,185$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