Can I retire at age 51 with 520,000?

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 $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%12.7%
1 years$42,941$42,559$42,185$41,821$41,466$40,998
2 years$21,258$20,862$20,478$20,106$19,745$19,275
3 years$14,031$13,634$13,251$12,882$12,527$12,069
4 years$10,419$10,022$9,643$9,281$8,935$8,491
5 years$8,251$7,857$7,484$7,129$6,792$6,364
6 years$6,807$6,416$6,048$5,701$5,374$4,964
7 years$5,776$5,388$5,026$4,687$4,371$3,977
8 years$5,003$4,619$4,262$3,932$3,626$3,249
9 years$4,402$4,021$3,671$3,349$3,054$2,694
10 years$3,922$3,545$3,201$2,887$2,602$2,258
11 years$3,529$3,156$2,818$2,512$2,238$1,911
12 years$3,202$2,832$2,501$2,204$1,939$1,628
13 years$2,925$2,560$2,234$1,946$1,691$1,395
14 years$2,688$2,327$2,007$1,727$1,482$1,202
15 years$2,483$2,125$1,812$1,540$1,305$1,039
16 years$2,304$1,950$1,643$1,379$1,153$902
17 years$2,146$1,796$1,495$1,239$1,023$785
18 years$2,005$1,660$1,365$1,117$909$685
19 years$1,880$1,538$1,250$1,009$811$599
20 years$1,767$1,429$1,147$914$724$525
21 years$1,665$1,331$1,055$829$648$460
22 years$1,573$1,243$972$754$581$404
23 years$1,489$1,162$898$687$521$356
24 years$1,412$1,089$830$626$469$313
25 years$1,341$1,022$769$572$422$276
26 years$1,275$960$713$523$380$243
27 years$1,215$904$662$479$342$215
28 years$1,159$852$616$439$309$190
29 years$1,107$804$573$402$279$168
30 years$1,058$759$534$369$252$148
31 years$1,013$717$497$339$228$131
32 years$971$679$464$312$206$116
33 years$931$643$433$287$187$103
34 years$894$609$405$264$169$91
35 years$859$578$379$243$153$81
36 years$826$548$354$224$139$71
37 years$795$521$331$206$126$63
38 years$765$495$310$190$114$56
39 years$737$471$291$175$103$50
40 years$711$448$273$161$94$44
41 years$686$426$256$149$85$39
42 years$662$406$240$137$77$35
43 years$639$387$225$127$70$31
44 years$618$369$211$117$64$27
45 years$597$352$198$108$58$24
46 years$578$335$186$100$52$21
47 years$559$320$175$92$48$19
48 years$541$306$164$85$43$17
49 years$524$292$155$79$39$15
50 years$508$279$145$73$36$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $520,000, adding $2,812 every year, while hoping to spend $33,299 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: 39/45/16 Blend
50$520,000$520,000$520,000$520,000
51$575,941$548,381$540,321$595,543
52$599,257$539,821$522,991$601,234
53$623,835$529,727$503,966$603,961
54$649,769$517,986$483,151$606,200
55$677,161$504,483$460,452$607,924
56$706,122$489,093$435,768$609,107
57$736,773$471,686$408,994$609,721
58$769,248$452,122$380,019$609,739
59$803,691$430,256$348,729$609,136
60$840,260$405,931$315,004$607,887
61$879,129$378,985$278,719$605,968
62$920,488$349,242$239,744$603,357
63$964,543$316,520$197,941$600,035
64$1,011,522$280,625$153,167$595,983
65$1,061,674$241,352$105,275$591,187
66$1,115,270$198,485$54,107$585,638
67$1,172,611$151,794$0$579,328
68$1,234,024$101,038$0$572,341
69$1,299,867$45,962$0$574,460
70$1,370,536$0$0$576,481
71$1,446,462$0$0$585,242
72$1,528,121$0$0$619,190
73$1,616,034$0$0$655,790
74$1,710,774$0$0$695,286
75$1,812,969$0$0$737,949
76$1,923,310$0$0$784,072
77$2,042,557$0$0$833,983
78$2,171,543$0$0$888,037
79$2,311,187$0$0$946,627
80$2,462,496$0$0$1,010,186
81$2,626,579$0$0$1,079,189
82$2,804,654$0$0$1,154,158
83$2,998,064$0$0$1,235,668
84$3,208,283$0$0$1,324,352
85$3,436,933$0$0$1,420,904
86$3,685,799$0$0$1,526,091
87$3,956,846$0$0$1,640,755
88$4,252,236$0$0$1,765,823
89$4,574,347$0$0$1,902,316
90$4,925,797$0$0$2,051,358
91$5,309,468$0$0$2,214,184
92$5,728,533$0$0$2,392,157
93$6,186,484$0$0$2,586,774
94$6,687,166$0$0$2,799,688
95$7,234,811$0$0$3,032,714
96$7,834,081$0$0$3,287,853
97$8,490,108$0$0$3,567,309
98$9,208,544$0$0$3,873,509
99$9,995,613$0$0$4,209,125
100$10,858,168$0$0$4,577,100