Can I retire at age 51 with 472,000?

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 $472,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$38,977$38,630$38,291$37,961$37,638$36,492
2 years$19,296$18,936$18,588$18,250$17,923$16,778
3 years$12,736$12,375$12,028$11,693$11,371$10,263
4 years$9,457$9,097$8,753$8,424$8,110$7,048
5 years$7,490$7,132$6,793$6,471$6,165$5,151
6 years$6,179$5,824$5,490$5,175$4,878$3,914
7 years$5,243$4,891$4,562$4,254$3,967$3,052
8 years$4,541$4,192$3,869$3,569$3,291$2,425
9 years$3,996$3,650$3,332$3,040$2,772$1,953
10 years$3,560$3,218$2,905$2,620$2,362$1,590
11 years$3,203$2,864$2,558$2,281$2,031$1,305
12 years$2,906$2,571$2,270$2,000$1,760$1,078
13 years$2,655$2,323$2,028$1,766$1,535$895
14 years$2,440$2,112$1,822$1,568$1,345$746
15 years$2,254$1,929$1,645$1,398$1,185$624
16 years$2,091$1,770$1,492$1,252$1,047$523
17 years$1,948$1,630$1,357$1,125$928$440
18 years$1,820$1,506$1,239$1,014$825$371
19 years$1,706$1,396$1,134$916$736$313
20 years$1,604$1,297$1,041$830$657$264
21 years$1,512$1,208$957$753$588$224
22 years$1,428$1,128$882$685$527$189
23 years$1,351$1,055$815$623$473$160
24 years$1,281$988$754$569$425$136
25 years$1,217$928$698$519$383$115
26 years$1,158$872$647$475$345$98
27 years$1,103$820$601$435$311$83
28 years$1,052$773$559$398$280$71
29 years$1,005$729$520$365$253$60
30 years$961$689$484$335$229$51
31 years$920$651$452$308$207$43
32 years$881$616$421$283$187$37
33 years$845$583$393$260$169$31
34 years$811$553$368$239$153$27
35 years$780$524$344$220$139$23
36 years$750$498$321$203$126$19
37 years$721$473$301$187$114$16
38 years$695$449$282$172$103$14
39 years$669$427$264$159$94$12
40 years$645$407$247$147$85$10
41 years$623$387$232$135$77$9
42 years$601$369$218$125$70$7
43 years$580$351$204$115$64$6
44 years$561$335$192$106$58$5
45 years$542$319$180$98$52$5
46 years$524$304$169$91$48$4
47 years$507$291$159$84$43$3
48 years$491$277$149$77$39$3
49 years$476$265$140$72$36$2
50 years$461$253$132$66$32$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $472,000, adding $6,110 every year, while hoping to spend $22,761 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: 86/5/9 Blend
50$472,000$472,000$472,000$472,000
51$526,446$501,430$494,114$570,597
52$555,926$501,783$486,450$600,685
53$587,651$501,390$477,765$629,993
54$621,824$500,191$468,003$661,482
55$658,671$498,121$457,103$695,356
56$698,439$495,113$444,999$731,840
57$741,400$491,094$431,627$771,181
58$787,852$485,987$416,916$813,651
59$838,124$479,711$400,793$859,551
60$892,575$472,179$383,182$909,211
61$951,603$463,301$364,004$962,994
62$1,015,643$452,979$343,175$1,021,301
63$1,085,175$441,112$320,607$1,084,574
64$1,160,726$427,590$296,211$1,153,296
65$1,242,876$412,298$269,891$1,228,005
66$1,332,265$395,115$241,547$1,309,289
67$1,429,593$375,913$211,076$1,397,797
68$1,535,634$354,556$178,370$1,494,245
69$1,651,238$330,898$143,314$1,599,421
70$1,777,341$304,789$105,793$1,714,192
71$1,914,974$276,068$65,680$1,839,516
72$2,065,270$244,564$22,849$1,976,447
73$2,229,478$210,098$0$2,126,145
74$2,408,972$172,480$0$2,292,085
75$2,605,265$131,509$0$2,475,967
76$2,820,023$86,974$0$2,677,162
77$3,055,080$38,651$0$2,897,397
78$3,312,457$0$0$3,138,573
79$3,594,378$0$0$3,403,539
80$3,903,292$0$0$3,696,211
81$4,241,897$0$0$4,017,019
82$4,613,166$0$0$4,368,779
83$5,020,369$0$0$4,754,593
84$5,467,111$0$0$5,177,875
85$5,957,364$0$0$5,642,390
86$6,495,499$0$0$6,152,280
87$7,086,335$0$0$6,712,112
88$7,735,176$0$0$7,326,915
89$8,447,870$0$0$8,002,227
90$9,230,856$0$0$8,744,152
91$10,091,226$0$0$9,559,413
92$11,036,798$0$0$10,455,417
93$12,076,180$0$0$11,440,322
94$13,218,859$0$0$12,523,119
95$14,475,284$0$0$13,713,712
96$15,856,970$0$0$15,023,012
97$17,376,602$0$0$16,463,042
98$19,048,157$0$0$18,047,046
99$20,887,033$0$0$19,789,620
100$22,910,197$0$0$21,706,842