Can I retire at age 51 with 420,000?

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 $420,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$34,683$34,374$34,073$33,779$33,491$32,991
2 years$17,170$16,850$16,540$16,240$15,948$15,445
3 years$11,333$11,012$10,703$10,405$10,118$9,628
4 years$8,415$8,095$7,789$7,496$7,216$6,743
5 years$6,665$6,346$6,044$5,758$5,486$5,031
6 years$5,498$5,182$4,885$4,605$4,341$3,904
7 years$4,665$4,352$4,059$3,786$3,530$3,113
8 years$4,041$3,731$3,443$3,176$2,929$2,530
9 years$3,556$3,248$2,965$2,705$2,466$2,086
10 years$3,167$2,863$2,585$2,332$2,101$1,740
11 years$2,850$2,549$2,276$2,029$1,807$1,463
12 years$2,586$2,288$2,020$1,780$1,566$1,240
13 years$2,363$2,067$1,805$1,571$1,366$1,056
14 years$2,171$1,879$1,621$1,395$1,197$904
15 years$2,006$1,717$1,464$1,244$1,054$777
16 years$1,861$1,575$1,327$1,114$932$670
17 years$1,733$1,451$1,208$1,001$826$580
18 years$1,620$1,340$1,102$902$734$503
19 years$1,518$1,242$1,009$815$655$437
20 years$1,427$1,154$926$738$585$380
21 years$1,345$1,075$852$670$523$331
22 years$1,270$1,004$785$609$469$289
23 years$1,202$939$725$555$421$252
24 years$1,140$880$671$506$378$221
25 years$1,083$825$621$462$341$193
26 years$1,030$776$576$422$307$169
27 years$981$730$535$387$277$148
28 years$936$688$497$354$250$130
29 years$894$649$463$325$225$114
30 years$855$613$431$298$204$100
31 years$818$579$402$274$184$88
32 years$784$548$375$252$167$77
33 years$752$519$350$231$151$68
34 years$722$492$327$213$136$60
35 years$694$467$306$196$124$52
36 years$667$443$286$181$112$46
37 years$642$421$268$166$101$40
38 years$618$400$251$153$92$36
39 years$596$380$235$141$83$31
40 years$574$362$220$130$76$28
41 years$554$344$206$120$69$24
42 years$535$328$194$111$62$21
43 years$516$312$182$102$57$19
44 years$499$298$171$95$51$16
45 years$482$284$160$87$47$14
46 years$467$271$150$81$42$13
47 years$452$259$141$75$38$11
48 years$437$247$133$69$35$10
49 years$423$236$125$64$32$9
50 years$410$225$117$59$29$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $420,000, adding $2,871 every year, while hoping to spend $27,027 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: 55/29/16 Blend
50$420,000$420,000$420,000$420,000
51$465,801$443,541$437,031$489,295
52$484,557$436,518$422,915$498,592
53$504,319$428,246$407,421$505,560
54$525,163$418,633$390,473$512,537
55$547,169$407,585$371,993$519,532
56$570,426$395,002$351,900$526,552
57$595,029$380,777$330,109$533,611
58$621,084$364,797$306,529$540,723
59$648,705$346,944$281,069$547,905
60$678,019$327,089$253,630$555,180
61$709,162$305,101$224,112$562,573
62$742,283$280,838$192,407$570,115
63$777,548$254,151$158,404$577,842
64$815,136$224,883$121,988$585,794
65$855,243$192,865$83,039$594,022
66$898,086$157,924$41,428$602,581
67$943,900$119,872$0$611,537
68$992,945$78,512$0$621,472
69$1,045,505$33,639$0$639,544
70$1,101,891$0$0$658,795
71$1,162,445$0$0$684,139
72$1,227,543$0$0$722,952
73$1,297,597$0$0$764,748
74$1,373,059$0$0$809,801
75$1,454,426$0$0$858,411
76$1,542,243$0$0$910,909
77$1,637,112$0$0$967,658
78$1,739,690$0$0$1,029,056
79$1,850,702$0$0$1,095,541
80$1,970,944$0$0$1,167,596
81$2,101,293$0$0$1,245,750
82$2,242,710$0$0$1,330,586
83$2,396,255$0$0$1,422,745
84$2,563,093$0$0$1,522,932
85$2,744,504$0$0$1,631,923
86$2,941,899$0$0$1,750,570
87$3,156,827$0$0$1,879,814
88$3,390,997$0$0$2,020,688
89$3,646,285$0$0$2,174,328
90$3,924,758$0$0$2,341,987
91$4,228,693$0$0$2,525,042
92$4,560,592$0$0$2,725,010
93$4,923,213$0$0$2,943,561
94$5,319,591$0$0$3,182,534
95$5,753,067$0$0$3,443,951
96$6,227,320$0$0$3,730,042
97$6,746,402$0$0$4,043,260
98$7,314,772$0$0$4,386,309
99$7,937,344$0$0$4,762,164
100$8,619,527$0$0$5,174,102