Can I retire at age 51 with 421,000?

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 $421,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$34,766$34,456$34,154$33,859$33,571$33,234
2 years$17,211$16,890$16,580$16,278$15,986$15,647
3 years$11,360$11,038$10,728$10,430$10,142$9,811
4 years$8,435$8,114$7,807$7,514$7,234$6,913
5 years$6,681$6,362$6,059$5,771$5,499$5,190
6 years$5,511$5,195$4,896$4,616$4,351$4,054
7 years$4,676$4,362$4,069$3,795$3,539$3,254
8 years$4,051$3,739$3,451$3,183$2,936$2,663
9 years$3,564$3,256$2,972$2,711$2,472$2,211
10 years$3,175$2,870$2,591$2,337$2,106$1,858
11 years$2,857$2,555$2,281$2,034$1,812$1,574
12 years$2,592$2,293$2,025$1,784$1,570$1,344
13 years$2,368$2,072$1,809$1,575$1,369$1,154
14 years$2,176$1,884$1,625$1,398$1,200$996
15 years$2,010$1,721$1,467$1,247$1,057$863
16 years$1,865$1,579$1,330$1,117$934$751
17 years$1,737$1,454$1,211$1,003$828$655
18 years$1,624$1,344$1,105$904$736$572
19 years$1,522$1,245$1,012$817$656$502
20 years$1,431$1,157$928$740$586$440
21 years$1,348$1,078$854$672$525$387
22 years$1,274$1,006$787$611$470$341
23 years$1,205$941$727$556$422$301
24 years$1,143$882$672$507$379$265
25 years$1,085$827$623$463$341$234
26 years$1,033$778$577$423$307$207
27 years$984$732$536$388$277$183
28 years$938$690$498$355$250$162
29 years$896$651$464$326$226$144
30 years$857$614$432$299$204$127
31 years$820$581$403$275$185$113
32 years$786$550$376$252$167$100
33 years$754$520$351$232$151$89
34 years$724$493$328$213$137$79
35 years$695$468$306$196$124$70
36 years$669$444$287$181$112$62
37 years$643$422$268$167$102$55
38 years$620$401$251$154$92$49
39 years$597$381$235$142$84$44
40 years$576$363$221$131$76$39
41 years$555$345$207$121$69$34
42 years$536$329$194$111$62$31
43 years$518$313$182$103$57$27
44 years$500$299$171$95$51$24
45 years$484$285$161$88$47$22
46 years$468$272$151$81$42$19
47 years$453$259$142$75$39$17
48 years$438$247$133$69$35$15
49 years$424$236$125$64$32$13
50 years$411$226$118$59$29$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $421,000, adding $6,466 every year, while hoping to spend $34,164 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: 42/29/29 Blend
50$421,000$421,000$421,000$421,000
51$470,612$448,299$441,773$486,156
52$482,264$433,915$420,222$483,586
53$493,959$417,682$396,805$477,119
54$505,667$399,472$371,421$469,469
55$517,350$379,151$343,969$460,548
56$528,969$356,578$314,341$450,263
57$540,476$331,603$282,423$438,511
58$551,820$304,067$248,100$425,187
59$562,941$273,802$211,247$410,175
60$573,775$240,632$171,738$393,351
61$584,246$204,369$129,437$374,586
62$594,271$164,815$84,205$353,738
63$603,758$121,762$35,897$330,657
64$612,601$74,988$0$305,182
65$620,685$24,262$0$281,986
66$627,881$0$0$268,208
67$634,042$0$0$262,368
68$639,009$0$0$263,687
69$642,602$0$0$264,340
70$644,621$0$0$264,232
71$644,845$0$0$263,261
72$643,027$0$0$261,311
73$638,895$0$0$258,255
74$632,146$0$0$253,952
75$622,443$0$0$248,244
76$609,413$0$0$240,958
77$592,644$0$0$231,902
78$571,678$0$0$220,862
79$546,009$0$0$207,604
80$515,076$0$0$191,866
81$478,260$0$0$173,360
82$434,874$0$0$151,768
83$384,159$0$0$126,735
84$325,276$0$0$97,873
85$257,298$0$0$64,751
86$179,200$0$0$26,892
87$89,849$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