Can I retire at age 51 with 429,000?

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 $429,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$35,426$35,111$34,803$34,502$34,209$34,036
2 years$17,538$17,211$16,895$16,588$16,290$16,116
3 years$11,576$11,248$10,932$10,628$10,335$10,165
4 years$8,595$8,268$7,956$7,657$7,371$7,206
5 years$6,807$6,482$6,174$5,881$5,603$5,444
6 years$5,616$5,293$4,989$4,703$4,434$4,280
7 years$4,765$4,445$4,146$3,867$3,606$3,458
8 years$4,128$3,811$3,516$3,244$2,991$2,849
9 years$3,632$3,318$3,029$2,763$2,519$2,383
10 years$3,235$2,924$2,640$2,382$2,146$2,016
11 years$2,911$2,603$2,325$2,073$1,846$1,721
12 years$2,641$2,337$2,063$1,818$1,600$1,481
13 years$2,413$2,112$1,843$1,605$1,395$1,281
14 years$2,218$1,919$1,656$1,425$1,223$1,114
15 years$2,049$1,753$1,495$1,271$1,077$974
16 years$1,901$1,609$1,356$1,138$952$854
17 years$1,770$1,482$1,234$1,022$844$751
18 years$1,654$1,369$1,126$921$750$662
19 years$1,551$1,269$1,031$832$669$585
20 years$1,458$1,179$946$754$597$518
21 years$1,374$1,098$870$684$534$460
22 years$1,298$1,025$802$622$479$408
23 years$1,228$959$741$567$430$363
24 years$1,165$898$685$517$387$324
25 years$1,106$843$634$472$348$289
26 years$1,052$792$588$432$313$258
27 years$1,002$746$546$395$282$230
28 years$956$703$508$362$255$206
29 years$913$663$473$332$230$184
30 years$873$626$440$305$208$165
31 years$836$592$410$280$188$147
32 years$801$560$383$257$170$132
33 years$768$530$358$236$154$118
34 years$738$503$334$218$139$106
35 years$709$477$312$200$126$95
36 years$681$452$292$184$114$85
37 years$656$430$273$170$104$77
38 years$631$408$256$157$94$69
39 years$608$388$240$144$85$62
40 years$587$369$225$133$77$55
41 years$566$352$211$123$70$50
42 years$546$335$198$113$64$45
43 years$527$319$186$105$58$40
44 years$510$304$174$97$52$36
45 years$493$290$164$89$48$32
46 years$477$277$154$82$43$29
47 years$461$264$144$76$39$26
48 years$446$252$136$70$36$23
49 years$432$241$128$65$32$21
50 years$419$230$120$60$29$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $429,000, adding $5,649 every year, while hoping to spend $21,091 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: 57/20/23 Blend
50$429,000$429,000$429,000$429,000
51$478,585$455,848$449,198$502,591
52$504,960$455,744$441,806$519,518
53$533,318$454,928$433,459$535,229
54$563,840$453,343$424,103$551,899
55$596,723$450,927$413,682$569,627
56$632,184$447,618$402,135$588,522
57$670,462$443,347$389,402$608,703
58$711,819$438,040$375,417$630,306
59$756,543$431,623$360,111$653,479
60$804,950$424,012$343,415$678,386
61$857,389$415,123$325,254$705,211
62$914,242$404,863$305,549$734,158
63$975,930$393,137$284,221$765,449
64$1,042,917$379,842$261,183$799,336
65$1,115,710$364,870$236,349$836,094
66$1,194,870$348,107$209,624$876,028
67$1,281,013$329,431$180,913$919,477
68$1,374,818$308,714$150,115$966,818
69$1,477,029$285,821$117,124$1,018,463
70$1,588,469$260,608$81,830$1,074,874
71$1,710,039$232,925$44,118$1,136,559
72$1,842,736$202,611$3,869$1,204,080
73$1,987,653$169,497$0$1,278,060
74$2,145,996$133,405$0$1,368,780
75$2,319,092$94,146$0$1,469,045
76$2,508,401$51,520$0$1,578,780
77$2,715,531$5,318$0$1,698,953
78$2,942,254$0$0$1,830,627
79$3,190,519$0$0$1,984,814
80$3,462,474$0$0$2,155,032
81$3,760,484$0$0$2,341,598
82$4,087,153$0$0$2,546,145
83$4,445,350$0$0$2,770,477
84$4,838,235$0$0$3,016,576
85$5,269,287$0$0$3,286,628
86$5,742,338$0$0$3,583,039
87$6,261,612$0$0$3,908,461
88$6,831,759$0$0$4,265,815
89$7,457,903$0$0$4,658,318
90$8,145,685$0$0$5,089,513
91$8,901,325$0$0$5,563,307
92$9,731,670$0$0$6,083,999
93$10,644,266$0$0$6,656,328
94$11,647,427$0$0$7,285,516
95$12,750,309$0$0$7,977,313
96$13,963,002$0$0$8,738,057
97$15,296,624$0$0$9,574,729
98$16,763,420$0$0$10,495,021
99$18,376,887$0$0$11,507,409
100$20,151,890$0$0$12,621,230