Can I retire at age 51 with 516,000?

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 $516,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$42,611$42,231$41,861$41,499$41,147$40,532
2 years$21,094$20,702$20,321$19,952$19,594$18,976
3 years$13,923$13,529$13,149$12,783$12,431$11,829
4 years$10,338$9,945$9,569$9,210$8,866$8,284
5 years$8,188$7,797$7,426$7,074$6,740$6,181
6 years$6,755$6,367$6,001$5,657$5,333$4,797
7 years$5,732$5,347$4,987$4,651$4,337$3,824
8 years$4,965$4,583$4,229$3,902$3,598$3,108
9 years$4,368$3,991$3,643$3,323$3,030$2,563
10 years$3,891$3,517$3,176$2,865$2,582$2,137
11 years$3,502$3,131$2,796$2,493$2,220$1,798
12 years$3,177$2,811$2,481$2,187$1,924$1,523
13 years$2,903$2,540$2,217$1,931$1,678$1,298
14 years$2,668$2,309$1,992$1,714$1,471$1,111
15 years$2,464$2,109$1,798$1,528$1,295$955
16 years$2,286$1,935$1,631$1,369$1,145$824
17 years$2,129$1,782$1,484$1,230$1,015$712
18 years$1,990$1,647$1,354$1,108$902$617
19 years$1,866$1,526$1,240$1,001$804$536
20 years$1,754$1,418$1,138$907$718$467
21 years$1,653$1,321$1,047$823$643$407
22 years$1,561$1,233$965$748$576$355
23 years$1,477$1,153$891$682$517$310
24 years$1,401$1,081$824$622$465$271
25 years$1,330$1,014$763$568$418$237
26 years$1,266$953$708$519$377$208
27 years$1,206$897$657$475$340$182
28 years$1,150$845$611$435$307$160
29 years$1,098$797$568$399$277$140
30 years$1,050$753$529$366$250$123
31 years$1,005$712$494$336$226$108
32 years$963$674$461$309$205$95
33 years$924$638$430$284$185$83
34 years$887$605$402$262$168$73
35 years$852$573$376$241$152$64
36 years$820$544$351$222$138$57
37 years$789$517$329$204$125$50
38 years$759$491$308$188$113$44
39 years$732$467$289$174$102$38
40 years$705$444$270$160$93$34
41 years$681$423$254$148$84$30
42 years$657$403$238$136$77$26
43 years$634$384$223$126$69$23
44 years$613$366$210$116$63$20
45 years$593$349$197$107$57$18
46 years$573$333$185$99$52$16
47 years$555$318$174$92$47$14
48 years$537$303$163$85$43$12
49 years$520$290$153$78$39$11
50 years$504$277$144$72$35$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $516,000, adding $2,221 every year, while hoping to spend $27,943 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: 82/9/9 Blend
50$516,000$516,000$516,000$516,000
51$570,923$543,575$535,577$616,836
52$599,426$540,479$523,788$644,119
53$629,900$536,295$510,667$670,127
54$662,516$530,940$496,141$697,831
55$697,462$524,325$480,131$727,387
56$734,945$516,359$462,557$758,965
57$775,192$506,943$443,335$792,753
58$818,449$495,971$422,375$828,957
59$864,991$483,334$399,584$867,803
60$915,117$468,914$374,867$909,544
61$969,155$452,586$348,121$954,455
62$1,027,467$434,221$319,241$1,002,841
63$1,090,449$413,679$288,117$1,055,037
64$1,158,539$390,813$254,633$1,111,412
65$1,232,215$365,468$218,668$1,172,374
66$1,312,004$337,479$180,097$1,238,372
67$1,398,486$306,674$138,787$1,309,902
68$1,492,298$272,867$94,603$1,387,508
69$1,594,141$235,865$47,400$1,471,794
70$1,704,785$195,464$0$1,563,421
71$1,825,077$151,447$0$1,663,406
72$1,955,952$103,584$0$1,777,148
73$2,098,434$51,635$0$1,900,992
74$2,253,653$0$0$2,035,936
75$2,422,851$0$0$2,183,539
76$2,607,396$0$0$2,350,117
77$2,808,794$0$0$2,531,918
78$3,028,701$0$0$2,730,438
79$3,268,940$0$0$2,947,326
80$3,531,520$0$0$3,184,396
81$3,818,652$0$0$3,443,644
82$4,132,769$0$0$3,727,271
83$4,476,551$0$0$4,037,698
84$4,852,949$0$0$4,377,590
85$5,265,214$0$0$4,749,886
86$5,716,923$0$0$5,157,817
87$6,212,019$0$0$5,604,946
88$6,754,841$0$0$6,095,195
89$7,350,171$0$0$6,632,883
90$8,003,273$0$0$7,222,768
91$8,719,949$0$0$7,870,092
92$9,506,587$0$0$8,580,627
93$10,370,224$0$0$9,360,732
94$11,318,611$0$0$10,217,411
95$12,360,289$0$0$11,158,380
96$13,504,664$0$0$12,192,141
97$14,762,100$0$0$13,328,057
98$16,144,012$0$0$14,576,444
99$17,662,980$0$0$15,948,668
100$19,332,859$0$0$17,457,249