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%16.6%
1 years$42,446$42,068$41,699$41,339$40,987$39,883
2 years$21,013$20,621$20,242$19,874$19,518$18,413
3 years$13,869$13,476$13,098$12,734$12,383$11,313
4 years$10,298$9,906$9,532$9,174$8,832$7,804
5 years$8,156$7,767$7,397$7,046$6,714$5,731
6 years$6,729$6,342$5,978$5,635$5,312$4,376
7 years$5,709$5,326$4,968$4,633$4,320$3,430
8 years$4,945$4,566$4,213$3,886$3,584$2,740
9 years$4,351$3,975$3,629$3,310$3,018$2,219
10 years$3,876$3,504$3,164$2,854$2,572$1,816
11 years$3,488$3,119$2,785$2,483$2,212$1,499
12 years$3,165$2,800$2,472$2,178$1,917$1,246
13 years$2,891$2,530$2,208$1,923$1,671$1,040
14 years$2,657$2,300$1,984$1,707$1,465$873
15 years$2,454$2,101$1,791$1,522$1,290$735
16 years$2,277$1,928$1,624$1,363$1,140$620
17 years$2,121$1,775$1,478$1,225$1,011$525
18 years$1,982$1,640$1,349$1,104$899$445
19 years$1,858$1,520$1,235$997$801$378
20 years$1,747$1,413$1,134$903$716$322
21 years$1,646$1,316$1,043$820$640$274
22 years$1,555$1,228$961$745$574$234
23 years$1,472$1,149$887$679$515$199
24 years$1,395$1,076$821$619$463$170
25 years$1,325$1,010$760$565$417$146
26 years$1,261$949$705$517$375$124
27 years$1,201$893$655$473$338$106
28 years$1,146$842$608$434$305$91
29 years$1,094$794$566$398$276$78
30 years$1,046$750$527$365$249$67
31 years$1,002$709$492$335$225$57
32 years$960$671$459$308$204$49
33 years$920$635$428$283$184$42
34 years$884$602$400$261$167$36
35 years$849$571$374$240$151$31
36 years$816$542$350$221$137$26
37 years$786$515$328$204$124$23
38 years$756$489$307$188$113$19
39 years$729$465$287$173$102$17
40 years$703$443$269$160$93$14
41 years$678$421$253$147$84$12
42 years$654$401$237$136$76$10
43 years$632$382$222$125$69$9
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 $6,258 every year, while hoping to spend $29,817 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: 59/29/12 Blend
50$514,000$514,000$514,000$514,000
51$572,883$545,641$537,674$604,643
52$599,592$540,652$523,961$621,784
53$628,026$534,420$508,789$636,572
54$658,330$526,851$492,079$651,981
55$690,661$517,849$473,745$668,072
56$725,193$507,308$453,700$684,918
57$762,116$495,119$431,852$702,596
58$801,638$481,167$408,106$721,194
59$843,988$465,327$382,360$740,812
60$889,416$447,469$354,510$761,559
61$938,196$427,455$324,446$783,559
62$990,632$405,139$292,055$806,949
63$1,047,052$380,368$257,215$831,883
64$1,107,823$352,976$219,802$858,532
65$1,173,341$322,793$179,687$887,088
66$1,244,048$289,635$136,732$917,762
67$1,320,423$253,310$90,795$950,794
68$1,402,998$213,614$41,728$986,445
69$1,492,353$170,331$0$1,025,011
70$1,589,130$123,233$0$1,068,181
71$1,694,032$72,082$0$1,120,745
72$1,807,832$16,623$0$1,177,782
73$1,931,381$0$0$1,239,764
74$2,065,616$0$0$1,321,065
75$2,211,565$0$0$1,415,267
76$2,370,362$0$0$1,517,800
77$2,543,253$0$0$1,629,474
78$2,731,608$0$0$1,751,180
79$2,936,938$0$0$1,883,898
80$3,160,902$0$0$2,028,708
81$3,405,329$0$0$2,186,796
82$3,672,231$0$0$2,359,471
83$3,963,824$0$0$2,548,173
84$4,282,545$0$0$2,754,484
85$4,631,079$0$0$2,980,151
86$5,012,383$0$0$3,227,095
87$5,429,712$0$0$3,497,430
88$5,886,649$0$0$3,793,486
89$6,387,142$0$0$4,117,829
90$6,935,536$0$0$4,473,282
91$7,536,619$0$0$4,862,959
92$8,195,663$0$0$5,290,284
93$8,918,474$0$0$5,759,033
94$9,711,448$0$0$6,273,362
95$10,581,629$0$0$6,837,850
96$11,536,776$0$0$7,457,541
97$12,585,436$0$0$8,137,990
98$13,737,025$0$0$8,885,319
99$15,001,914$0$0$9,706,269
100$16,391,529$0$0$10,608,266