Can I retire at age 51 with 517,000?

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 $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%15.8%
1 years$42,693$42,313$41,942$41,580$41,226$40,246
2 years$21,135$20,742$20,360$19,990$19,632$18,650
3 years$13,950$13,555$13,174$12,808$12,455$11,502
4 years$10,358$9,964$9,588$9,227$8,883$7,967
5 years$8,204$7,812$7,440$7,088$6,753$5,875
6 years$6,768$6,379$6,013$5,668$5,343$4,506
7 years$5,743$5,357$4,997$4,660$4,345$3,548
8 years$4,974$4,592$4,238$3,909$3,605$2,847
9 years$4,377$3,998$3,650$3,330$3,036$2,317
10 years$3,899$3,524$3,182$2,870$2,587$1,906
11 years$3,508$3,137$2,801$2,498$2,225$1,581
12 years$3,183$2,816$2,486$2,191$1,928$1,321
13 years$2,908$2,545$2,221$1,934$1,681$1,109
14 years$2,673$2,313$1,996$1,717$1,474$936
15 years$2,469$2,113$1,802$1,531$1,298$792
16 years$2,291$1,939$1,634$1,371$1,147$673
17 years$2,133$1,786$1,487$1,232$1,017$572
18 years$1,994$1,650$1,357$1,110$904$488
19 years$1,869$1,529$1,242$1,003$806$417
20 years$1,757$1,421$1,140$909$720$357
21 years$1,656$1,324$1,049$825$644$306
22 years$1,564$1,235$967$750$577$263
23 years$1,480$1,156$892$683$518$226
24 years$1,403$1,083$825$623$466$194
25 years$1,333$1,016$764$569$419$167
26 years$1,268$955$709$520$378$143
27 years$1,208$899$658$476$340$123
28 years$1,152$847$612$436$307$106
29 years$1,101$799$570$400$277$92
30 years$1,052$754$531$367$251$79
31 years$1,007$713$495$337$227$68
32 years$965$675$461$310$205$59
33 years$926$639$431$285$185$51
34 years$889$606$403$262$168$44
35 years$854$574$376$241$152$38
36 years$821$545$352$222$138$33
37 years$790$518$330$205$125$28
38 years$761$492$309$189$113$24
39 years$733$468$289$174$103$21
40 years$707$445$271$161$93$18
41 years$682$424$254$148$85$16
42 years$658$404$238$137$77$13
43 years$636$385$224$126$70$12
44 years$614$367$210$116$63$10
45 years$594$350$197$108$57$9
46 years$574$334$185$99$52$7
47 years$556$318$174$92$47$6
48 years$538$304$163$85$43$6
49 years$521$290$154$78$39$5
50 years$505$277$144$72$35$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $517,000, adding $3,293 every year, while hoping to spend $21,527 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: 53/32/15 Blend
50$517,000$517,000$517,000$517,000
51$573,131$545,730$537,716$601,039
52$608,686$549,566$532,825$624,301
53$647,145$552,869$527,049$647,031
54$688,784$555,589$520,335$671,278
55$733,902$557,675$512,628$697,193
56$782,830$559,071$503,871$724,940
57$835,932$559,719$494,004$754,704
58$893,608$559,556$482,964$786,687
59$956,298$558,516$470,685$821,114
60$1,024,486$556,529$457,099$858,233
61$1,098,704$553,520$442,132$898,320
62$1,179,539$549,409$425,711$941,678
63$1,267,635$544,113$407,755$988,644
64$1,363,702$537,543$388,183$1,039,589
65$1,468,521$529,604$366,909$1,094,925
66$1,582,952$520,196$343,842$1,155,106
67$1,707,941$509,214$318,889$1,220,636
68$1,844,530$496,545$291,951$1,292,069
69$1,993,867$482,069$262,925$1,370,020
70$2,157,213$465,662$231,704$1,455,168
71$2,335,959$447,190$198,177$1,548,262
72$2,531,637$426,513$162,226$1,650,133
73$2,745,932$403,480$123,729$1,761,695
74$2,980,702$377,936$82,559$1,883,961
75$3,237,991$349,712$38,582$2,018,048
76$3,520,051$318,632$0$2,165,191
77$3,829,362$284,512$0$2,328,090
78$4,168,657$247,152$0$2,513,592
79$4,540,943$206,346$0$2,717,202
80$4,949,536$161,874$0$2,940,783
81$5,398,086$113,503$0$3,186,388
82$5,890,614$60,988$0$3,456,283
83$6,431,551$4,071$0$3,752,970
84$7,025,777$0$0$4,079,206
85$7,678,666$0$0$4,458,290
86$8,396,143$0$0$4,876,505
87$9,184,732$0$0$5,336,226
88$10,051,620$0$0$5,841,653
89$11,004,728$0$0$6,397,408
90$12,052,779$0$0$7,008,588
91$13,205,387$0$0$7,680,805
92$14,473,143$0$0$8,420,244
93$15,867,715$0$0$9,233,720
94$17,401,961$0$0$10,128,741
95$19,090,045$0$0$11,113,580
96$20,947,576$0$0$12,197,351
97$22,991,751$0$0$13,390,097
98$25,241,518$0$0$14,702,884
99$27,717,758$0$0$16,147,907
100$30,443,474$0$0$17,738,599