Can I retire at age 51 with 473,000?

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 $473,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$39,060$38,712$38,373$38,041$37,718$37,402
2 years$19,337$18,976$18,627$18,289$17,961$17,642
3 years$12,763$12,401$12,053$11,718$11,395$11,084
4 years$9,477$9,116$8,772$8,442$8,127$7,826
5 years$7,506$7,147$6,807$6,484$6,178$5,887
6 years$6,192$5,836$5,501$5,186$4,888$4,609
7 years$5,254$4,901$4,572$4,263$3,976$3,707
8 years$4,551$4,201$3,877$3,576$3,298$3,041
9 years$4,004$3,658$3,339$3,046$2,778$2,531
10 years$3,567$3,224$2,911$2,626$2,367$2,131
11 years$3,210$2,870$2,563$2,285$2,035$1,811
12 years$2,912$2,576$2,275$2,005$1,764$1,550
13 years$2,661$2,328$2,032$1,770$1,538$1,334
14 years$2,445$2,116$1,826$1,571$1,348$1,155
15 years$2,259$1,933$1,649$1,401$1,187$1,003
16 years$2,096$1,774$1,495$1,254$1,049$875
17 years$1,952$1,634$1,360$1,127$930$765
18 years$1,824$1,510$1,242$1,016$827$671
19 years$1,710$1,399$1,137$918$737$590
20 years$1,608$1,300$1,043$831$659$519
21 years$1,515$1,211$959$754$589$458
22 years$1,431$1,130$884$686$528$404
23 years$1,354$1,057$817$625$474$358
24 years$1,284$991$755$570$426$317
25 years$1,219$930$699$520$384$281
26 years$1,160$874$649$476$345$249
27 years$1,105$822$602$435$311$221
28 years$1,054$775$560$399$281$196
29 years$1,007$731$521$366$254$174
30 years$963$690$485$336$229$155
31 years$922$653$452$308$207$138
32 years$883$617$422$283$188$123
33 years$847$585$394$261$170$109
34 years$813$554$368$240$154$97
35 years$781$526$344$221$139$87
36 years$751$499$322$203$126$77
37 years$723$474$302$187$114$69
38 years$696$450$282$173$104$61
39 years$671$428$265$159$94$55
40 years$647$407$248$147$85$49
41 years$624$388$232$135$77$43
42 years$602$369$218$125$70$39
43 years$582$352$205$115$64$35
44 years$562$335$192$107$58$31
45 years$543$320$180$98$52$28
46 years$525$305$169$91$48$25
47 years$508$291$159$84$43$22
48 years$492$278$150$78$39$20
49 years$477$265$141$72$36$17
50 years$462$254$132$66$32$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $473,000, adding $6,550 every year, while hoping to spend $33,881 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: 38/47/15 Blend
50$473,000$473,000$473,000$473,000
51$528,002$502,933$495,602$545,447
52$545,809$491,528$476,155$547,126
53$564,297$478,428$454,922$545,193
54$583,500$463,515$431,806$542,377
55$603,452$446,663$406,707$538,613
56$624,194$427,739$379,521$533,838
57$645,766$406,602$350,139$527,981
58$668,212$383,104$318,447$520,971
59$691,580$357,086$284,325$512,730
60$715,920$328,383$247,649$503,180
61$741,288$296,817$208,289$492,236
62$767,742$262,204$166,110$479,810
63$795,346$224,347$120,969$465,810
64$824,169$183,037$72,719$450,139
65$854,284$138,055$21,204$432,697
66$885,771$89,170$0$413,377
67$918,717$36,137$0$397,475
68$953,215$0$0$383,442
69$989,366$0$0$378,807
70$1,027,282$0$0$393,566
71$1,067,080$0$0$409,079
72$1,108,891$0$0$425,398
73$1,152,854$0$0$442,581
74$1,199,124$0$0$460,691
75$1,247,867$0$0$479,796
76$1,299,265$0$0$499,973
77$1,353,514$0$0$521,301
78$1,410,832$0$0$543,870
79$1,471,452$0$0$567,777
80$1,535,632$0$0$593,128
81$1,603,653$0$0$620,040
82$1,675,820$0$0$648,638
83$1,752,469$0$0$679,062
84$1,833,966$0$0$711,464
85$1,920,713$0$0$746,009
86$2,013,147$0$0$782,880
87$2,111,751$0$0$822,277
88$2,217,049$0$0$864,417
89$2,329,620$0$0$909,542
90$2,450,096$0$0$957,913
91$2,579,170$0$0$1,009,819
92$2,717,604$0$0$1,065,577
93$2,866,231$0$0$1,125,534
94$3,025,969$0$0$1,190,072
95$3,197,822$0$0$1,259,609
96$3,382,896$0$0$1,334,606
97$3,582,402$0$0$1,415,568
98$3,797,673$0$0$1,503,049
99$4,030,172$0$0$1,597,662
100$4,281,508$0$0$1,700,076