Can I retire at age 51 with 428,000?

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 $428,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$35,344$35,029$34,722$34,422$34,129$33,399
2 years$17,497$17,171$16,855$16,549$16,252$15,520
3 years$11,549$11,221$10,906$10,603$10,311$9,600
4 years$8,575$8,249$7,937$7,639$7,354$6,669
5 years$6,792$6,467$6,160$5,867$5,590$4,934
6 years$5,603$5,281$4,978$4,692$4,423$3,796
7 years$4,754$4,435$4,137$3,858$3,597$2,999
8 years$4,118$3,802$3,508$3,236$2,984$2,415
9 years$3,623$3,310$3,022$2,757$2,513$1,973
10 years$3,228$2,918$2,634$2,376$2,141$1,629
11 years$2,904$2,597$2,319$2,068$1,842$1,357
12 years$2,635$2,331$2,058$1,814$1,596$1,138
13 years$2,408$2,107$1,839$1,601$1,392$959
14 years$2,213$1,915$1,652$1,422$1,220$812
15 years$2,044$1,749$1,492$1,268$1,074$691
16 years$1,896$1,605$1,352$1,135$949$589
17 years$1,766$1,478$1,231$1,020$842$503
18 years$1,651$1,366$1,123$919$748$431
19 years$1,547$1,266$1,028$831$667$370
20 years$1,455$1,176$944$752$596$318
21 years$1,371$1,096$868$683$533$274
22 years$1,295$1,023$800$621$478$236
23 years$1,225$957$739$565$429$204
24 years$1,162$896$683$516$386$176
25 years$1,103$841$633$471$347$152
26 years$1,050$791$587$431$313$131
27 years$1,000$744$545$394$282$114
28 years$954$701$507$361$254$98
29 years$911$661$472$331$230$85
30 years$871$625$439$304$207$74
31 years$834$590$409$279$188$64
32 years$799$559$382$256$170$55
33 years$766$529$357$236$154$48
34 years$736$501$333$217$139$42
35 years$707$476$312$200$126$36
36 years$680$451$291$184$114$31
37 years$654$429$273$170$103$27
38 years$630$407$255$156$94$24
39 years$607$387$239$144$85$20
40 years$585$369$224$133$77$18
41 years$565$351$210$123$70$15
42 years$545$334$197$113$63$13
43 years$526$318$185$104$58$12
44 years$509$304$174$96$52$10
45 years$492$289$163$89$47$9
46 years$475$276$153$82$43$8
47 years$460$263$144$76$39$7
48 years$445$252$135$70$36$6
49 years$431$240$127$65$32$5
50 years$418$229$120$60$29$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $428,000, adding $2,291 every year, while hoping to spend $29,862 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: 50/24/26 Blend
50$428,000$428,000$428,000$428,000
51$474,019$451,335$444,701$494,139
52$490,596$441,678$427,826$498,747
53$507,863$430,546$409,384$500,575
54$525,859$417,837$389,292$501,966
55$544,626$403,440$367,463$502,892
56$564,208$387,239$343,803$503,324
57$584,655$369,111$318,218$503,232
58$606,018$348,926$290,607$502,586
59$628,355$326,547$260,865$501,354
60$651,727$301,827$228,884$499,503
61$676,200$274,614$194,549$497,002
62$701,847$244,744$157,740$493,817
63$728,744$212,045$118,333$489,914
64$756,977$176,337$76,199$485,259
65$786,638$137,426$31,201$479,819
66$817,827$95,112$0$473,558
67$850,652$49,178$0$471,111
68$885,231$0$0$477,318
69$921,693$0$0$483,683
70$960,179$0$0$504,127
71$1,000,841$0$0$525,746
72$1,043,847$0$0$548,632
73$1,089,378$0$0$572,884
74$1,137,633$0$0$598,611
75$1,188,831$0$0$625,932
76$1,243,208$0$0$654,977
77$1,301,025$0$0$685,888
78$1,362,566$0$0$718,822
79$1,428,143$0$0$753,948
80$1,498,096$0$0$791,454
81$1,572,799$0$0$831,544
82$1,652,662$0$0$874,444
83$1,738,133$0$0$920,399
84$1,829,704$0$0$969,680
85$1,927,916$0$0$1,022,582
86$2,033,360$0$0$1,079,431
87$2,146,686$0$0$1,140,584
88$2,268,608$0$0$1,206,432
89$2,399,910$0$0$1,277,407
90$2,541,451$0$0$1,353,981
91$2,694,177$0$0$1,436,672
92$2,859,127$0$0$1,526,053
93$3,037,440$0$0$1,622,750
94$3,230,373$0$0$1,727,453
95$3,439,302$0$0$1,840,920
96$3,665,744$0$0$1,963,985
97$3,911,366$0$0$2,097,563
98$4,178,000$0$0$2,242,664
99$4,467,663$0$0$2,400,397
100$4,782,572$0$0$2,571,981