Can I retire at age 51 with 520,000?

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 $520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$42,941$42,559$42,185$41,821$41,466$40,880
2 years$21,258$20,862$20,478$20,106$19,745$19,156
3 years$14,031$13,634$13,251$12,882$12,527$11,953
4 years$10,419$10,022$9,643$9,281$8,935$8,380
5 years$8,251$7,857$7,484$7,129$6,792$6,258
6 years$6,807$6,416$6,048$5,701$5,374$4,862
7 years$5,776$5,388$5,026$4,687$4,371$3,881
8 years$5,003$4,619$4,262$3,932$3,626$3,158
9 years$4,402$4,021$3,671$3,349$3,054$2,607
10 years$3,922$3,545$3,201$2,887$2,602$2,177
11 years$3,529$3,156$2,818$2,512$2,238$1,833
12 years$3,202$2,832$2,501$2,204$1,939$1,555
13 years$2,925$2,560$2,234$1,946$1,691$1,327
14 years$2,688$2,327$2,007$1,727$1,482$1,138
15 years$2,483$2,125$1,812$1,540$1,305$979
16 years$2,304$1,950$1,643$1,379$1,153$846
17 years$2,146$1,796$1,495$1,239$1,023$732
18 years$2,005$1,660$1,365$1,117$909$636
19 years$1,880$1,538$1,250$1,009$811$553
20 years$1,767$1,429$1,147$914$724$482
21 years$1,665$1,331$1,055$829$648$421
22 years$1,573$1,243$972$754$581$368
23 years$1,489$1,162$898$687$521$322
24 years$1,412$1,089$830$626$469$282
25 years$1,341$1,022$769$572$422$247
26 years$1,275$960$713$523$380$217
27 years$1,215$904$662$479$342$190
28 years$1,159$852$616$439$309$167
29 years$1,107$804$573$402$279$147
30 years$1,058$759$534$369$252$129
31 years$1,013$717$497$339$228$113
32 years$971$679$464$312$206$100
33 years$931$643$433$287$187$88
34 years$894$609$405$264$169$77
35 years$859$578$379$243$153$68
36 years$826$548$354$224$139$60
37 years$795$521$331$206$126$53
38 years$765$495$310$190$114$46
39 years$737$471$291$175$103$41
40 years$711$448$273$161$94$36
41 years$686$426$256$149$85$32
42 years$662$406$240$137$77$28
43 years$639$387$225$127$70$25
44 years$618$369$211$117$64$22
45 years$597$352$198$108$58$19
46 years$578$335$186$100$52$17
47 years$559$320$175$92$48$15
48 years$541$306$164$85$43$13
49 years$524$292$155$79$39$12
50 years$508$279$145$73$36$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $520,000, adding $4,735 every year, while hoping to spend $46,146 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: 44/37/19 Blend
50$520,000$520,000$520,000$520,000
51$577,924$550,364$542,304$599,987
52$587,773$528,233$511,372$593,845
53$597,081$503,471$477,858$582,273
54$605,742$475,900$441,625$568,767
55$613,641$445,333$402,533$553,171
56$620,649$411,570$360,434$535,315
57$626,620$374,402$315,174$515,019
58$631,394$333,607$266,591$492,085
59$634,793$288,950$214,518$466,304
60$636,616$240,183$158,779$437,449
61$636,643$187,044$99,190$405,273
62$634,629$129,257$35,561$369,515
63$630,300$66,529$0$329,888
64$623,354$0$0$292,644
65$613,455$0$0$259,601
66$600,232$0$0$251,997
67$583,273$0$0$242,544
68$562,121$0$0$231,019
69$536,272$0$0$217,177
70$505,166$0$0$200,744
71$468,183$0$0$181,420
72$424,641$0$0$158,871
73$373,781$0$0$132,729
74$314,767$0$0$102,586
75$246,674$0$0$67,993
76$168,480$0$0$28,452
77$79,053$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$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