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%14.1%
1 years$42,611$42,231$41,861$41,499$41,147$40,448
2 years$21,094$20,702$20,321$19,952$19,594$18,892
3 years$13,923$13,529$13,149$12,783$12,431$11,748
4 years$10,338$9,945$9,569$9,210$8,866$8,207
5 years$8,188$7,797$7,426$7,074$6,740$6,107
6 years$6,755$6,367$6,001$5,657$5,333$4,727
7 years$5,732$5,347$4,987$4,651$4,337$3,758
8 years$4,965$4,583$4,229$3,902$3,598$3,046
9 years$4,368$3,991$3,643$3,323$3,030$2,504
10 years$3,891$3,517$3,176$2,865$2,582$2,082
11 years$3,502$3,131$2,796$2,493$2,220$1,746
12 years$3,177$2,811$2,481$2,187$1,924$1,474
13 years$2,903$2,540$2,217$1,931$1,678$1,252
14 years$2,668$2,309$1,992$1,714$1,471$1,068
15 years$2,464$2,109$1,798$1,528$1,295$915
16 years$2,286$1,935$1,631$1,369$1,145$786
17 years$2,129$1,782$1,484$1,230$1,015$678
18 years$1,990$1,647$1,354$1,108$902$585
19 years$1,866$1,526$1,240$1,001$804$507
20 years$1,754$1,418$1,138$907$718$439
21 years$1,653$1,321$1,047$823$643$381
22 years$1,561$1,233$965$748$576$331
23 years$1,477$1,153$891$682$517$288
24 years$1,401$1,081$824$622$465$251
25 years$1,330$1,014$763$568$418$219
26 years$1,266$953$708$519$377$191
27 years$1,206$897$657$475$340$167
28 years$1,150$845$611$435$307$146
29 years$1,098$797$568$399$277$127
30 years$1,050$753$529$366$250$111
31 years$1,005$712$494$336$226$97
32 years$963$674$461$309$205$85
33 years$924$638$430$284$185$74
34 years$887$605$402$262$168$65
35 years$852$573$376$241$152$57
36 years$820$544$351$222$138$50
37 years$789$517$329$204$125$44
38 years$759$491$308$188$113$38
39 years$732$467$289$174$102$33
40 years$705$444$270$160$93$29
41 years$681$423$254$148$84$26
42 years$657$403$238$136$77$22
43 years$634$384$223$126$69$20
44 years$613$366$210$116$63$17
45 years$593$349$197$107$57$15
46 years$573$333$185$99$52$13
47 years$555$318$174$92$47$12
48 years$537$303$163$85$43$10
49 years$520$290$153$78$39$9
50 years$504$277$144$72$35$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $516,000, adding $3,929 every year, while hoping to spend $40,402 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: 52/29/19 Blend
50$516,000$516,000$516,000$516,000
51$572,685$545,337$537,339$599,284
52$588,111$529,071$512,352$601,732
53$603,757$510,654$485,174$599,858
54$619,602$489,938$455,690$596,949
55$635,622$466,765$423,776$592,920
56$651,791$440,972$389,307$587,679
57$668,075$412,381$352,151$581,130
58$684,439$380,809$312,169$573,168
59$700,842$346,058$269,216$563,681
60$717,235$307,922$223,142$552,550
61$733,565$266,182$173,789$539,646
62$749,770$220,606$120,993$524,833
63$765,781$170,951$64,581$507,961
64$781,522$116,958$4,375$488,873
65$796,903$58,355$0$467,400
66$811,826$0$0$455,498
67$826,182$0$0$444,209
68$839,845$0$0$451,118
69$852,678$0$0$457,522
70$864,525$0$0$463,332
71$875,215$0$0$468,447
72$884,554$0$0$472,757
73$892,327$0$0$476,136
74$898,297$0$0$478,448
75$902,196$0$0$479,538
76$903,729$0$0$479,237
77$902,569$0$0$477,355
78$898,350$0$0$473,682
79$890,667$0$0$467,985
80$879,073$0$0$460,005
81$863,069$0$0$449,457
82$842,104$0$0$436,022
83$815,568$0$0$419,349
84$782,783$0$0$399,050
85$743,000$0$0$374,693
86$695,392$0$0$345,803
87$639,041$0$0$311,852
88$572,932$0$0$272,257
89$495,945$0$0$226,375
90$406,839$0$0$173,492
91$304,244$0$0$112,822
92$186,646$0$0$43,496
93$52,370$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