Can I retire at age 51 with 480,000?

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 $480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$39,638$39,285$38,940$38,604$38,276$37,626
2 years$19,623$19,257$18,903$18,560$18,227$17,574
3 years$12,952$12,585$12,232$11,891$11,564$10,929
4 years$9,617$9,251$8,901$8,567$8,247$7,635
5 years$7,617$7,253$6,908$6,580$6,269$5,681
6 years$6,284$5,923$5,583$5,262$4,961$4,397
7 years$5,332$4,974$4,639$4,326$4,034$3,496
8 years$4,618$4,264$3,934$3,629$3,347$2,833
9 years$4,064$3,712$3,389$3,091$2,819$2,329
10 years$3,620$3,272$2,954$2,665$2,402$1,936
11 years$3,257$2,913$2,601$2,319$2,065$1,624
12 years$2,955$2,614$2,308$2,034$1,790$1,371
13 years$2,700$2,363$2,062$1,796$1,561$1,165
14 years$2,481$2,148$1,853$1,594$1,368$994
15 years$2,292$1,962$1,673$1,422$1,205$851
16 years$2,127$1,800$1,517$1,273$1,065$732
17 years$1,981$1,658$1,380$1,144$944$630
18 years$1,851$1,532$1,260$1,031$839$545
19 years$1,735$1,420$1,153$931$748$471
20 years$1,631$1,319$1,059$844$668$409
21 years$1,537$1,229$974$766$598$355
22 years$1,452$1,147$897$696$536$308
23 years$1,374$1,073$829$634$481$268
24 years$1,303$1,005$766$578$433$234
25 years$1,238$943$710$528$389$204
26 years$1,177$887$658$483$351$178
27 years$1,121$834$611$442$316$155
28 years$1,070$786$568$405$285$135
29 years$1,022$742$529$371$258$118
30 years$977$700$493$341$233$103
31 years$935$662$459$313$210$90
32 years$896$627$428$288$190$79
33 years$860$593$400$265$172$69
34 years$825$562$374$243$156$61
35 years$793$533$349$224$141$53
36 years$762$506$327$206$128$46
37 years$734$481$306$190$116$41
38 years$706$457$287$175$105$36
39 years$681$435$268$162$95$31
40 years$656$413$252$149$86$27
41 years$633$394$236$137$78$24
42 years$611$375$221$127$71$21
43 years$590$357$208$117$65$18
44 years$570$340$195$108$59$16
45 years$551$325$183$100$53$14
46 years$533$310$172$92$48$12
47 years$516$295$162$85$44$11
48 years$500$282$152$79$40$9
49 years$484$269$143$73$36$8
50 years$469$257$134$67$33$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $480,000, adding $2,917 every year, while hoping to spend $31,179 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: 66/7/27 Blend
50$480,000$480,000$480,000$480,000
51$531,969$506,529$499,089$563,134
52$553,055$498,175$482,634$576,153
53$575,248$488,366$464,583$586,620
54$598,626$476,999$444,850$597,368
55$623,277$463,963$423,343$608,428
56$649,295$449,141$399,969$619,832
57$676,785$432,410$374,629$631,621
58$705,858$413,639$347,220$643,837
59$736,637$392,690$317,634$656,529
60$769,258$369,415$285,759$669,755
61$803,867$343,661$251,476$683,576
62$840,624$315,263$214,664$698,063
63$879,706$284,050$175,193$713,296
64$921,305$249,836$132,931$729,363
65$965,630$212,430$87,736$746,364
66$1,012,912$171,628$39,463$764,412
67$1,063,404$127,212$0$783,632
68$1,117,383$78,957$0$807,636
69$1,175,150$26,620$0$845,466
70$1,237,040$0$0$885,965
71$1,303,416$0$0$931,694
72$1,374,678$0$0$983,011
73$1,451,267$0$0$1,038,185
74$1,533,663$0$0$1,097,567
75$1,622,396$0$0$1,161,540
76$1,718,047$0$0$1,230,528
77$1,821,254$0$0$1,304,993
78$1,932,720$0$0$1,385,446
79$2,053,215$0$0$1,472,446
80$2,183,587$0$0$1,566,609
81$2,324,765$0$0$1,668,612
82$2,477,776$0$0$1,779,199
83$2,643,743$0$0$1,899,188
84$2,823,906$0$0$2,029,479
85$3,019,627$0$0$2,171,062
86$3,232,403$0$0$2,325,025
87$3,463,883$0$0$2,492,567
88$3,715,880$0$0$2,675,006
89$3,990,388$0$0$2,873,791
90$4,289,605$0$0$3,090,519
91$4,615,945$0$0$3,326,948
92$4,972,070$0$0$3,585,009
93$5,360,906$0$0$3,866,832
94$5,785,677$0$0$4,174,760
95$6,249,930$0$0$4,511,373
96$6,757,572$0$0$4,879,509
97$7,312,902$0$0$5,282,297
98$7,920,657$0$0$5,723,179
99$8,586,051$0$0$6,205,946
100$9,314,826$0$0$6,734,775