Can I retire at age 51 with 517,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $517,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$42,693$42,313$41,942$41,580$41,226$40,898
2 years$21,135$20,742$20,360$19,990$19,632$19,301
3 years$13,950$13,555$13,174$12,808$12,455$12,132
4 years$10,358$9,964$9,588$9,227$8,883$8,570
5 years$8,204$7,812$7,440$7,088$6,753$6,451
6 years$6,768$6,379$6,013$5,668$5,343$5,052
7 years$5,743$5,357$4,997$4,660$4,345$4,066
8 years$4,974$4,592$4,238$3,909$3,605$3,337
9 years$4,377$3,998$3,650$3,330$3,036$2,780
10 years$3,899$3,524$3,182$2,870$2,587$2,342
11 years$3,508$3,137$2,801$2,498$2,225$1,991
12 years$3,183$2,816$2,486$2,191$1,928$1,705
13 years$2,908$2,545$2,221$1,934$1,681$1,469
14 years$2,673$2,313$1,996$1,717$1,474$1,272
15 years$2,469$2,113$1,802$1,531$1,298$1,106
16 years$2,291$1,939$1,634$1,371$1,147$965
17 years$2,133$1,786$1,487$1,232$1,017$845
18 years$1,994$1,650$1,357$1,110$904$741
19 years$1,869$1,529$1,242$1,003$806$652
20 years$1,757$1,421$1,140$909$720$574
21 years$1,656$1,324$1,049$825$644$507
22 years$1,564$1,235$967$750$577$448
23 years$1,480$1,156$892$683$518$396
24 years$1,403$1,083$825$623$466$351
25 years$1,333$1,016$764$569$419$311
26 years$1,268$955$709$520$378$276
27 years$1,208$899$658$476$340$246
28 years$1,152$847$612$436$307$218
29 years$1,101$799$570$400$277$194
30 years$1,052$754$531$367$251$173
31 years$1,007$713$495$337$227$154
32 years$965$675$461$310$205$137
33 years$926$639$431$285$185$122
34 years$889$606$403$262$168$109
35 years$854$574$376$241$152$97
36 years$821$545$352$222$138$87
37 years$790$518$330$205$125$77
38 years$761$492$309$189$113$69
39 years$733$468$289$174$103$61
40 years$707$445$271$161$93$55
41 years$682$424$254$148$85$49
42 years$658$404$238$137$77$44
43 years$636$385$224$126$70$39
44 years$614$367$210$116$63$35
45 years$594$350$197$108$57$31
46 years$574$334$185$99$52$28
47 years$556$318$174$92$47$25
48 years$538$304$163$85$43$22
49 years$521$290$154$78$39$20
50 years$505$277$144$72$35$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $517,000, adding $6,106 every year, while hoping to spend $35,987 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: 50/22/28 Blend
50$517,000$517,000$517,000$517,000
51$576,032$548,631$540,618$600,003
52$596,498$537,224$520,439$605,980
53$617,844$524,052$498,377$608,404
54$640,124$508,991$474,333$610,335
55$663,394$491,908$448,200$611,743
56$687,713$472,664$419,867$612,597
57$713,147$451,112$389,220$612,866
58$739,767$427,095$356,138$612,518
59$767,649$400,449$320,494$611,520
60$796,877$370,999$282,158$609,841
61$827,540$338,559$240,993$607,448
62$859,736$302,936$196,853$604,307
63$893,572$263,923$149,590$600,387
64$929,162$221,301$99,048$595,656
65$966,633$174,841$45,062$590,082
66$1,006,120$124,299$0$583,636
67$1,047,774$69,419$0$580,039
68$1,091,755$9,929$0$590,124
69$1,138,242$0$0$600,447
70$1,187,426$0$0$624,227
71$1,239,520$0$0$651,984
72$1,294,753$0$0$681,441
73$1,353,377$0$0$712,736
74$1,415,667$0$0$746,019
75$1,481,924$0$0$781,455
76$1,552,479$0$0$819,225
77$1,627,690$0$0$859,527
78$1,707,955$0$0$902,577
79$1,793,705$0$0$948,612
80$1,885,415$0$0$997,893
81$1,983,605$0$0$1,050,706
82$2,088,846$0$0$1,107,362
83$2,201,763$0$0$1,168,206
84$2,323,043$0$0$1,233,615
85$2,453,440$0$0$1,304,003
86$2,593,780$0$0$1,379,823
87$2,744,974$0$0$1,461,576
88$2,908,017$0$0$1,549,810
89$3,084,008$0$0$1,645,127
90$3,274,149$0$0$1,748,189
91$3,479,766$0$0$1,859,724
92$3,702,313$0$0$1,980,531
93$3,943,389$0$0$2,111,492
94$4,204,753$0$0$2,253,572
95$4,488,340$0$0$2,407,836
96$4,796,275$0$0$2,575,453
97$5,130,898$0$0$2,757,711
98$5,494,784$0$0$2,956,026
99$5,890,762$0$0$3,171,954
100$6,321,949$0$0$3,407,212