Can I retire at age 51 with 476,000?

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 $476,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$39,308$38,958$38,616$38,282$37,957$36,654
2 years$19,459$19,097$18,746$18,405$18,075$16,775
3 years$12,844$12,480$12,130$11,792$11,467$10,212
4 years$9,537$9,174$8,827$8,496$8,179$6,977
5 years$7,553$7,193$6,850$6,525$6,217$5,073
6 years$6,231$5,873$5,536$5,218$4,919$3,833
7 years$5,287$4,932$4,601$4,290$4,001$2,973
8 years$4,580$4,228$3,902$3,599$3,319$2,348
9 years$4,030$3,681$3,360$3,066$2,795$1,880
10 years$3,590$3,245$2,930$2,643$2,382$1,520
11 years$3,230$2,889$2,579$2,300$2,048$1,240
12 years$2,931$2,593$2,289$2,017$1,775$1,017
13 years$2,678$2,343$2,045$1,781$1,548$839
14 years$2,461$2,130$1,838$1,581$1,357$694
15 years$2,273$1,946$1,659$1,410$1,195$577
16 years$2,109$1,785$1,504$1,262$1,056$480
17 years$1,964$1,644$1,369$1,134$936$401
18 years$1,836$1,519$1,249$1,022$832$335
19 years$1,721$1,408$1,144$924$742$281
20 years$1,618$1,308$1,050$837$663$235
21 years$1,525$1,219$966$759$593$198
22 years$1,440$1,138$890$690$532$166
23 years$1,363$1,064$822$629$477$140
24 years$1,292$997$760$573$429$117
25 years$1,227$935$704$524$386$99
26 years$1,167$879$653$479$348$83
27 years$1,112$827$606$438$313$70
28 years$1,061$780$564$402$283$59
29 years$1,013$736$524$368$255$50
30 years$969$695$488$338$231$42
31 years$928$657$455$310$209$35
32 years$889$621$425$285$189$30
33 years$852$588$397$262$171$25
34 years$818$558$371$241$155$21
35 years$786$529$347$222$140$18
36 years$756$502$324$205$127$15
37 years$727$477$303$189$115$13
38 years$700$453$284$174$104$11
39 years$675$431$266$160$95$9
40 years$651$410$250$148$86$8
41 years$628$390$234$136$78$6
42 years$606$372$219$126$71$5
43 years$585$354$206$116$64$5
44 years$566$338$193$107$58$4
45 years$547$322$182$99$53$3
46 years$529$307$170$91$48$3
47 years$512$293$160$85$44$2
48 years$495$280$151$78$40$2
49 years$480$267$141$72$36$2
50 years$465$255$133$67$33$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $476,000, adding $4,070 every year, while hoping to spend $29,498 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: 42/40/18 Blend
50$476,000$476,000$476,000$476,000
51$528,750$503,522$496,144$548,015
52$551,297$496,809$481,379$555,323
53$575,155$488,779$465,131$560,041
54$600,427$479,335$447,319$564,532
55$627,224$468,376$427,858$568,788
56$655,670$455,795$406,661$572,806
57$685,898$441,479$383,633$576,583
58$718,055$425,307$358,680$580,117
59$752,301$407,151$331,701$583,412
60$788,812$386,878$302,589$586,472
61$827,780$364,344$271,234$589,307
62$869,415$339,398$237,523$591,928
63$913,950$311,883$201,333$594,355
64$961,636$281,628$162,541$596,610
65$1,012,751$248,457$121,015$598,723
66$1,067,601$212,181$76,619$600,730
67$1,126,520$172,601$29,209$602,677
68$1,189,873$129,507$0$604,617
69$1,258,066$82,678$0$610,723
70$1,331,538$31,879$0$623,217
71$1,410,777$0$0$636,605
72$1,496,316$0$0$661,206
73$1,588,742$0$0$702,997
74$1,688,699$0$0$748,243
75$1,796,896$0$0$797,270
76$1,914,111$0$0$850,438
77$2,041,201$0$0$908,142
78$2,179,108$0$0$970,818
79$2,328,866$0$0$1,038,943
80$2,491,616$0$0$1,113,043
81$2,668,610$0$0$1,193,697
82$2,861,228$0$0$1,281,543
83$3,070,986$0$0$1,377,281
84$3,299,553$0$0$1,481,682
85$3,548,767$0$0$1,595,595
86$3,820,649$0$0$1,719,956
87$4,117,426$0$0$1,855,791
88$4,441,546$0$0$2,004,235
89$4,795,708$0$0$2,166,533
90$5,182,879$0$0$2,344,058
91$5,606,329$0$0$2,538,322
92$6,069,657$0$0$2,750,989
93$6,576,826$0$0$2,983,891
94$7,132,200$0$0$3,239,046
95$7,740,586$0$0$3,518,677
96$8,407,275$0$0$3,825,233
97$9,138,096$0$0$4,161,407
98$9,939,470$0$0$4,530,171
99$10,818,467$0$0$4,934,794
100$11,782,874$0$0$5,378,879