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%13.9%
1 years$42,611$42,231$41,861$41,499$41,147$40,482
2 years$21,094$20,702$20,321$19,952$19,594$18,925
3 years$13,923$13,529$13,149$12,783$12,431$11,780
4 years$10,338$9,945$9,569$9,210$8,866$8,238
5 years$8,188$7,797$7,426$7,074$6,740$6,136
6 years$6,755$6,367$6,001$5,657$5,333$4,755
7 years$5,732$5,347$4,987$4,651$4,337$3,784
8 years$4,965$4,583$4,229$3,902$3,598$3,070
9 years$4,368$3,991$3,643$3,323$3,030$2,527
10 years$3,891$3,517$3,176$2,865$2,582$2,104
11 years$3,502$3,131$2,796$2,493$2,220$1,766
12 years$3,177$2,811$2,481$2,187$1,924$1,494
13 years$2,903$2,540$2,217$1,931$1,678$1,270
14 years$2,668$2,309$1,992$1,714$1,471$1,085
15 years$2,464$2,109$1,798$1,528$1,295$931
16 years$2,286$1,935$1,631$1,369$1,145$801
17 years$2,129$1,782$1,484$1,230$1,015$691
18 years$1,990$1,647$1,354$1,108$902$598
19 years$1,866$1,526$1,240$1,001$804$518
20 years$1,754$1,418$1,138$907$718$450
21 years$1,653$1,321$1,047$823$643$391
22 years$1,561$1,233$965$748$576$341
23 years$1,477$1,153$891$682$517$297
24 years$1,401$1,081$824$622$465$259
25 years$1,330$1,014$763$568$418$226
26 years$1,266$953$708$519$377$198
27 years$1,206$897$657$475$340$173
28 years$1,150$845$611$435$307$151
29 years$1,098$797$568$399$277$132
30 years$1,050$753$529$366$250$116
31 years$1,005$712$494$336$226$101
32 years$963$674$461$309$205$89
33 years$924$638$430$284$185$78
34 years$887$605$402$262$168$68
35 years$852$573$376$241$152$60
36 years$820$544$351$222$138$52
37 years$789$517$329$204$125$46
38 years$759$491$308$188$113$40
39 years$732$467$289$174$102$35
40 years$705$444$270$160$93$31
41 years$681$423$254$148$84$27
42 years$657$403$238$136$77$24
43 years$634$384$223$126$69$21
44 years$613$366$210$116$63$18
45 years$593$349$197$107$57$16
46 years$573$333$185$99$52$14
47 years$555$318$174$92$47$12
48 years$537$303$163$85$43$11
49 years$520$290$153$78$39$10
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 $3,437 every year, while hoping to spend $27,686 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: 36/41/23 Blend
50$516,000$516,000$516,000$516,000
51$572,177$544,829$536,831$588,699
52$601,082$542,068$525,357$598,380
53$632,006$538,244$512,571$606,024
54$665,128$533,275$498,400$613,720
55$700,641$527,076$482,766$621,490
56$738,758$519,554$465,590$629,360
57$779,713$510,613$446,789$637,360
58$823,761$500,151$426,274$645,529
59$871,184$488,058$403,953$653,908
60$922,292$474,220$379,733$662,549
61$977,424$458,514$353,512$671,510
62$1,036,952$440,812$325,185$680,858
63$1,101,286$420,978$294,645$690,672
64$1,170,878$398,866$261,776$701,042
65$1,246,222$374,325$226,459$712,069
66$1,327,862$347,192$188,571$723,871
67$1,416,397$317,298$147,981$736,582
68$1,512,485$284,461$104,554$750,351
69$1,616,850$248,491$58,148$765,352
70$1,730,288$209,186$8,615$781,778
71$1,853,675$166,334$0$799,848
72$1,987,975$119,709$0$830,668
73$2,134,247$69,074$0$866,621
74$2,293,660$14,178$0$905,945
75$2,467,498$0$0$949,036
76$2,657,173$0$0$1,016,744
77$2,864,241$0$0$1,097,714
78$3,090,416$0$0$1,186,227
79$3,337,582$0$0$1,283,029
80$3,607,815$0$0$1,388,942
81$3,903,401$0$0$1,504,873
82$4,226,856$0$0$1,631,818
83$4,580,950$0$0$1,770,875
84$4,968,735$0$0$1,923,253
85$5,393,570$0$0$2,090,283
86$5,859,157$0$0$2,273,433
87$6,369,570$0$0$2,474,317
88$6,929,297$0$0$2,694,715
89$7,543,283$0$0$2,936,585
90$8,216,972$0$0$3,202,088
91$8,956,362$0$0$3,493,599
92$9,768,059$0$0$3,813,739
93$10,659,341$0$0$4,165,393
94$11,638,225$0$0$4,551,739
95$12,713,541$0$0$4,976,279
96$13,895,018$0$0$5,442,871
97$15,193,373$0$0$5,955,763
98$16,620,415$0$0$6,519,639
99$18,189,150$0$0$7,139,656
100$19,913,909$0$0$7,821,498