Can I retire at age 51 with 485,000?

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 $485,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$40,051$39,694$39,346$39,006$38,675$37,971
2 years$19,827$19,458$19,100$18,753$18,416$17,711
3 years$13,087$12,716$12,359$12,015$11,684$10,997
4 years$9,717$9,348$8,994$8,656$8,333$7,671
5 years$7,696$7,329$6,980$6,649$6,335$5,699
6 years$6,349$5,984$5,641$5,317$5,013$4,404
7 years$5,387$5,026$4,687$4,372$4,077$3,495
8 years$4,666$4,308$3,975$3,667$3,382$2,828
9 years$4,106$3,751$3,424$3,124$2,848$2,321
10 years$3,658$3,306$2,985$2,693$2,427$1,926
11 years$3,291$2,943$2,628$2,343$2,087$1,612
12 years$2,986$2,642$2,332$2,055$1,809$1,359
13 years$2,728$2,387$2,084$1,815$1,577$1,152
14 years$2,507$2,170$1,872$1,611$1,382$981
15 years$2,316$1,982$1,690$1,437$1,217$838
16 years$2,149$1,819$1,533$1,286$1,076$719
17 years$2,001$1,675$1,395$1,156$954$618
18 years$1,870$1,548$1,273$1,042$848$533
19 years$1,753$1,434$1,165$941$756$460
20 years$1,648$1,333$1,070$852$675$398
21 years$1,553$1,242$984$774$604$345
22 years$1,467$1,159$907$703$542$299
23 years$1,388$1,084$837$641$486$260
24 years$1,317$1,016$774$584$437$225
25 years$1,250$953$717$534$393$196
26 years$1,189$896$665$488$354$171
27 years$1,133$843$618$447$319$149
28 years$1,081$794$574$409$288$129
29 years$1,032$749$534$375$260$113
30 years$987$708$498$344$235$98
31 years$945$669$464$316$213$86
32 years$906$633$433$291$192$75
33 years$869$600$404$267$174$65
34 years$834$568$378$246$158$57
35 years$801$539$353$226$143$50
36 years$770$512$330$208$129$43
37 years$741$486$309$192$117$38
38 years$714$462$290$177$106$33
39 years$688$439$271$163$96$29
40 years$663$418$254$151$87$25
41 years$640$398$238$139$79$22
42 years$617$379$224$128$72$19
43 years$596$361$210$118$65$17
44 years$576$344$197$109$59$15
45 years$557$328$185$101$54$13
46 years$539$313$174$93$49$11
47 years$521$299$163$86$44$10
48 years$505$285$153$80$40$9
49 years$489$272$144$74$37$8
50 years$474$260$136$68$33$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $485,000, adding $2,344 every year, while hoping to spend $35,557 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: 72/21/7 Blend
50$485,000$485,000$485,000$485,000
51$536,888$511,183$503,665$574,826
52$553,818$498,398$482,706$587,391
53$571,283$483,796$459,852$596,481
54$589,301$467,248$435,004$605,440
55$607,888$448,622$408,055$614,245
56$627,064$427,776$378,896$622,870
57$646,846$404,558$347,411$631,289
58$667,254$378,812$313,479$639,475
59$688,308$350,368$276,975$647,398
60$710,030$319,050$237,767$655,024
61$732,439$284,670$195,719$662,321
62$755,559$247,030$150,687$669,251
63$779,413$205,920$102,521$675,777
64$804,022$161,120$51,065$681,856
65$829,414$112,396$0$687,445
66$855,611$59,501$0$692,785
67$882,641$2,174$0$701,629
68$910,530$0$0$710,118
69$939,307$0$0$732,044
70$969,000$0$0$755,186
71$999,639$0$0$779,066
72$1,031,255$0$0$803,708
73$1,063,879$0$0$829,136
74$1,097,546$0$0$855,376
75$1,132,289$0$0$882,455
76$1,168,143$0$0$910,401
77$1,205,146$0$0$939,243
78$1,243,336$0$0$969,010
79$1,282,752$0$0$999,732
80$1,323,435$0$0$1,031,443
81$1,365,428$0$0$1,064,176
82$1,408,775$0$0$1,097,963
83$1,453,521$0$0$1,132,843
84$1,499,715$0$0$1,168,851
85$1,547,405$0$0$1,206,026
86$1,596,643$0$0$1,244,409
87$1,647,483$0$0$1,284,041
88$1,699,980$0$0$1,324,965
89$1,754,192$0$0$1,367,227
90$1,810,179$0$0$1,410,874
91$1,868,005$0$0$1,455,955
92$1,927,734$0$0$1,502,521
93$1,989,435$0$0$1,550,626
94$2,053,179$0$0$1,600,325
95$2,119,041$0$0$1,651,677
96$2,187,098$0$0$1,704,743
97$2,257,433$0$0$1,759,586
98$2,330,130$0$0$1,816,273
99$2,405,279$0$0$1,874,874
100$2,482,975$0$0$1,935,463