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%14.2%
1 years$42,693$42,313$41,942$41,580$41,226$40,510
2 years$21,135$20,742$20,360$19,990$19,632$18,912
3 years$13,950$13,555$13,174$12,808$12,455$11,755
4 years$10,358$9,964$9,588$9,227$8,883$8,208
5 years$8,204$7,812$7,440$7,088$6,753$6,104
6 years$6,768$6,379$6,013$5,668$5,343$4,722
7 years$5,743$5,357$4,997$4,660$4,345$3,752
8 years$4,974$4,592$4,238$3,909$3,605$3,039
9 years$4,377$3,998$3,650$3,330$3,036$2,497
10 years$3,899$3,524$3,182$2,870$2,587$2,075
11 years$3,508$3,137$2,801$2,498$2,225$1,739
12 years$3,183$2,816$2,486$2,191$1,928$1,467
13 years$2,908$2,545$2,221$1,934$1,681$1,245
14 years$2,673$2,313$1,996$1,717$1,474$1,062
15 years$2,469$2,113$1,802$1,531$1,298$909
16 years$2,291$1,939$1,634$1,371$1,147$781
17 years$2,133$1,786$1,487$1,232$1,017$672
18 years$1,994$1,650$1,357$1,110$904$580
19 years$1,869$1,529$1,242$1,003$806$502
20 years$1,757$1,421$1,140$909$720$435
21 years$1,656$1,324$1,049$825$644$377
22 years$1,564$1,235$967$750$577$328
23 years$1,480$1,156$892$683$518$285
24 years$1,403$1,083$825$623$466$248
25 years$1,333$1,016$764$569$419$216
26 years$1,268$955$709$520$378$188
27 years$1,208$899$658$476$340$164
28 years$1,152$847$612$436$307$143
29 years$1,101$799$570$400$277$125
30 years$1,052$754$531$367$251$109
31 years$1,007$713$495$337$227$95
32 years$965$675$461$310$205$83
33 years$926$639$431$285$185$73
34 years$889$606$403$262$168$64
35 years$854$574$376$241$152$56
36 years$821$545$352$222$138$49
37 years$790$518$330$205$125$43
38 years$761$492$309$189$113$37
39 years$733$468$289$174$103$33
40 years$707$445$271$161$93$29
41 years$682$424$254$148$85$25
42 years$658$404$238$137$77$22
43 years$636$385$224$126$70$19
44 years$614$367$210$116$63$17
45 years$594$350$197$108$57$15
46 years$574$334$185$99$52$13
47 years$556$318$174$92$47$11
48 years$538$304$163$85$43$10
49 years$521$290$154$78$39$9
50 years$505$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 $517,000, adding $4,065 every year, while hoping to spend $41,804 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: 60/25/15 Blend
50$517,000$517,000$517,000$517,000
51$573,927$546,526$538,513$605,961
52$587,988$528,827$512,074$610,337
53$602,083$508,859$483,348$610,077
54$616,170$486,468$452,215$608,806
55$630,203$461,488$418,548$606,432
56$644,130$433,747$382,215$602,853
57$657,891$403,061$343,079$597,962
58$671,420$369,235$300,996$591,641
59$684,641$332,063$255,816$583,763
60$697,470$291,330$207,381$574,191
61$709,811$246,805$155,528$562,777
62$721,560$198,246$100,085$549,361
63$732,596$145,397$40,875$533,769
64$742,787$87,987$0$515,814
65$751,984$25,732$0$498,865
66$760,023$0$0$486,343
67$766,719$0$0$482,959
68$771,867$0$0$485,607
69$775,239$0$0$487,057
70$776,581$0$0$487,140
71$775,611$0$0$485,669
72$772,017$0$0$482,437
73$765,451$0$0$477,212
74$755,527$0$0$469,740
75$741,820$0$0$459,738
76$723,855$0$0$446,891
77$701,108$0$0$430,851
78$672,999$0$0$411,235
79$638,884$0$0$387,615
80$598,053$0$0$359,521
81$549,718$0$0$326,431
82$493,009$0$0$287,768
83$426,963$0$0$242,895
84$350,516$0$0$191,106
85$262,491$0$0$131,624
86$161,589$0$0$63,586
87$46,373$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$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