Can I retire at age 51 with 475,000?

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 $475,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$39,225$38,876$38,535$38,202$37,877$37,112
2 years$19,418$19,057$18,706$18,366$18,037$17,270
3 years$12,817$12,454$12,104$11,768$11,443$10,698
4 years$9,517$9,155$8,809$8,478$8,161$7,443
5 years$7,537$7,178$6,836$6,512$6,204$5,515
6 years$6,218$5,861$5,524$5,208$4,909$4,250
7 years$5,276$4,922$4,591$4,281$3,992$3,364
8 years$4,570$4,219$3,893$3,592$3,312$2,714
9 years$4,021$3,673$3,353$3,059$2,789$2,220
10 years$3,582$3,238$2,924$2,637$2,377$1,837
11 years$3,223$2,883$2,574$2,295$2,044$1,533
12 years$2,925$2,587$2,284$2,013$1,771$1,288
13 years$2,672$2,338$2,041$1,777$1,545$1,088
14 years$2,456$2,125$1,834$1,578$1,354$923
15 years$2,268$1,941$1,656$1,407$1,192$786
16 years$2,104$1,781$1,501$1,260$1,054$672
17 years$1,960$1,640$1,366$1,132$934$576
18 years$1,832$1,516$1,247$1,020$831$494
19 years$1,717$1,405$1,141$922$740$425
20 years$1,614$1,306$1,048$835$661$367
21 years$1,521$1,216$964$758$592$316
22 years$1,437$1,135$888$689$530$273
23 years$1,360$1,062$820$627$476$236
24 years$1,289$995$758$572$428$205
25 years$1,225$933$702$523$385$177
26 years$1,165$877$651$478$347$154
27 years$1,110$826$605$437$313$133
28 years$1,059$778$562$401$282$116
29 years$1,011$734$523$367$255$100
30 years$967$693$487$337$230$87
31 years$926$655$454$310$208$76
32 years$887$620$424$285$188$66
33 years$851$587$396$262$170$57
34 years$817$556$370$241$154$50
35 years$785$528$346$222$140$43
36 years$754$501$323$204$127$38
37 years$726$476$303$188$115$33
38 years$699$452$284$173$104$28
39 years$674$430$266$160$94$25
40 years$649$409$249$147$86$21
41 years$626$389$233$136$78$19
42 years$605$371$219$126$70$16
43 years$584$353$206$116$64$14
44 years$564$337$193$107$58$12
45 years$546$321$181$99$53$11
46 years$528$306$170$91$48$9
47 years$511$292$160$84$43$8
48 years$494$279$150$78$39$7
49 years$479$267$141$72$36$6
50 years$464$255$133$67$33$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $475,000, adding $2,579 every year, while hoping to spend $28,294 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: 70/19/11 Blend
50$475,000$475,000$475,000$475,000
51$526,110$500,935$493,573$561,570
52$549,669$495,376$480,003$579,858
53$574,682$488,597$465,030$596,180
54$601,269$480,507$448,577$613,288
55$629,558$471,012$430,565$631,256
56$659,692$460,011$410,908$650,162
57$691,827$447,397$389,519$670,095
58$726,131$433,058$366,306$691,154
59$762,793$416,874$341,173$713,448
60$802,015$398,718$314,021$737,099
61$844,023$378,458$284,743$762,240
62$889,063$355,951$253,231$789,020
63$937,403$331,049$219,370$817,606
64$989,340$303,592$183,040$848,181
65$1,045,198$273,414$144,118$880,947
66$1,105,335$240,338$102,473$916,129
67$1,170,143$204,178$57,969$953,978
68$1,240,050$164,735$10,464$994,771
69$1,315,530$121,803$0$1,038,812
70$1,397,103$75,160$0$1,091,165
71$1,485,339$24,574$0$1,149,099
72$1,580,866$0$0$1,211,821
73$1,684,373$0$0$1,286,126
74$1,796,619$0$0$1,372,296
75$1,918,438$0$0$1,465,838
76$2,050,747$0$0$1,567,459
77$2,194,555$0$0$1,677,937
78$2,350,973$0$0$1,798,127
79$2,521,221$0$0$1,928,971
80$2,706,644$0$0$2,071,505
81$2,908,720$0$0$2,226,870
82$3,129,077$0$0$2,396,321
83$3,369,506$0$0$2,581,238
84$3,631,979$0$0$2,783,142
85$3,918,665$0$0$3,003,707
86$4,231,954$0$0$3,244,775
87$4,574,477$0$0$3,508,375
88$4,949,129$0$0$3,796,740
89$5,359,100$0$0$4,112,329
90$5,807,900$0$0$4,457,850
91$6,299,396$0$0$4,836,286
92$6,837,846$0$0$5,250,920
93$7,427,939$0$0$5,705,368
94$8,074,839$0$0$6,203,614
95$8,784,235$0$0$6,750,044
96$9,562,391$0$0$7,349,491
97$10,416,207$0$0$8,007,276
98$11,353,283$0$0$8,729,261
99$12,381,991$0$0$9,521,904
100$13,511,554$0$0$10,392,318