Can I retire at age 51 with 518,000?

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 $518,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$42,776$42,395$42,023$41,660$41,306$40,572
2 years$21,176$20,782$20,400$20,029$19,670$18,932
3 years$13,977$13,581$13,200$12,833$12,479$11,762
4 years$10,378$9,984$9,606$9,245$8,900$8,208
5 years$8,220$7,827$7,455$7,101$6,766$6,101
6 years$6,781$6,392$6,025$5,679$5,354$4,717
7 years$5,754$5,368$5,006$4,669$4,354$3,746
8 years$4,984$4,601$4,246$3,917$3,612$3,032
9 years$4,385$4,006$3,657$3,336$3,042$2,490
10 years$3,907$3,531$3,188$2,876$2,592$2,068
11 years$3,515$3,144$2,807$2,503$2,229$1,732
12 years$3,189$2,821$2,491$2,195$1,932$1,461
13 years$2,914$2,550$2,226$1,938$1,684$1,239
14 years$2,678$2,318$2,000$1,720$1,477$1,056
15 years$2,474$2,117$1,805$1,534$1,300$903
16 years$2,295$1,943$1,637$1,374$1,149$775
17 years$2,138$1,789$1,490$1,234$1,019$667
18 years$1,998$1,653$1,360$1,112$906$575
19 years$1,873$1,532$1,245$1,005$807$497
20 years$1,761$1,424$1,142$910$721$430
21 years$1,659$1,326$1,051$826$645$373
22 years$1,567$1,238$968$751$578$324
23 years$1,483$1,158$894$684$519$281
24 years$1,406$1,085$827$624$467$245
25 years$1,335$1,018$766$570$420$213
26 years$1,270$957$710$521$378$185
27 years$1,210$900$660$477$341$162
28 years$1,155$848$613$437$308$141
29 years$1,103$800$571$401$278$123
30 years$1,054$756$532$368$251$107
31 years$1,009$715$496$338$227$94
32 years$967$676$462$310$205$82
33 years$928$640$432$285$186$71
34 years$891$607$403$263$168$62
35 years$856$576$377$242$152$54
36 years$823$546$353$223$138$48
37 years$792$519$330$205$125$42
38 years$762$493$309$189$113$36
39 years$735$469$290$174$103$32
40 years$708$446$272$161$93$28
41 years$683$425$255$148$85$24
42 years$659$404$239$137$77$21
43 years$637$385$224$126$70$19
44 years$615$367$210$117$63$16
45 years$595$350$198$108$57$14
46 years$575$334$186$100$52$12
47 years$557$319$174$92$47$11
48 years$539$304$164$85$43$10
49 years$522$291$154$79$39$8
50 years$506$278$145$73$35$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $518,000, adding $4,142 every year, while hoping to spend $22,224 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: 58/24/18 Blend
50$518,000$518,000$518,000$518,000
51$575,108$547,654$539,625$605,522
52$610,123$550,843$534,057$629,817
53$647,965$553,444$527,557$653,507
54$688,898$555,403$520,070$678,829
55$733,214$556,666$511,541$705,946
56$781,232$557,173$501,908$735,036
57$833,305$556,862$491,110$766,297
58$889,820$555,666$479,079$799,947
59$951,202$553,514$465,749$836,227
60$1,017,920$550,331$451,047$875,405
61$1,090,488$546,038$434,897$917,776
62$1,169,474$540,550$417,222$963,666
63$1,255,500$533,776$397,939$1,013,437
64$1,349,253$525,624$376,962$1,067,486
65$1,451,489$515,991$354,202$1,126,255
66$1,563,037$504,771$329,564$1,190,230
67$1,684,814$491,852$302,952$1,259,950
68$1,817,826$477,114$274,262$1,336,010
69$1,963,182$460,430$243,387$1,419,065
70$2,122,102$441,667$210,216$1,509,843
71$2,295,930$420,682$174,632$1,609,145
72$2,486,146$397,327$136,513$1,717,855
73$2,694,379$371,442$95,733$1,836,953
74$2,922,423$342,860$52,157$1,967,517
75$3,172,254$311,404$5,648$2,110,741
76$3,446,048$276,887$0$2,267,941
77$3,746,201$239,110$0$2,449,019
78$4,075,352$197,865$0$2,648,839
79$4,436,408$152,930$0$2,868,117
80$4,832,571$104,073$0$3,108,841
81$5,267,367$51,047$0$3,373,202
82$5,744,682$0$0$3,663,617
83$6,268,794$0$0$3,984,446
84$6,844,418$0$0$4,351,659
85$7,476,745$0$0$4,755,092
86$8,171,498$0$0$5,198,402
87$8,934,977$0$0$5,685,616
88$9,774,125$0$0$6,221,170
89$10,696,592$0$0$6,809,953
90$11,710,803$0$0$7,457,350
91$12,826,044$0$0$8,169,294
92$14,052,542$0$0$8,952,321
93$15,401,568$0$0$9,813,636
94$16,885,538$0$0$10,761,171
95$18,518,133$0$0$11,803,672
96$20,314,427$0$0$12,950,771
97$22,291,026$0$0$14,213,082
98$24,466,231$0$0$15,602,301
99$26,860,205$0$0$17,131,314
100$29,495,165$0$0$18,814,320