Can I retire at age 51 with 487,000?

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 $487,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$40,216$39,858$39,508$39,167$38,834$38,097
2 years$19,909$19,538$19,179$18,830$18,492$17,752
3 years$13,141$12,768$12,410$12,065$11,732$11,013
4 years$9,757$9,386$9,031$8,692$8,368$7,674
5 years$7,728$7,359$7,009$6,676$6,361$5,695
6 years$6,375$6,009$5,664$5,339$5,033$4,396
7 years$5,410$5,046$4,707$4,390$4,093$3,485
8 years$4,686$4,326$3,992$3,682$3,396$2,816
9 years$4,123$3,766$3,438$3,136$2,860$2,309
10 years$3,673$3,320$2,997$2,704$2,437$1,913
11 years$3,305$2,955$2,639$2,353$2,096$1,599
12 years$2,998$2,653$2,342$2,064$1,816$1,346
13 years$2,739$2,397$2,092$1,822$1,584$1,140
14 years$2,518$2,179$1,880$1,617$1,388$969
15 years$2,326$1,991$1,697$1,443$1,222$827
16 years$2,158$1,826$1,539$1,292$1,080$709
17 years$2,010$1,682$1,400$1,161$958$608
18 years$1,878$1,554$1,278$1,046$852$524
19 years$1,761$1,440$1,170$945$759$451
20 years$1,655$1,338$1,074$856$678$390
21 years$1,560$1,247$988$777$607$337
22 years$1,473$1,164$910$706$544$292
23 years$1,394$1,088$841$643$488$253
24 years$1,322$1,020$777$587$439$220
25 years$1,256$957$720$536$395$191
26 years$1,194$899$668$490$356$166
27 years$1,138$847$620$448$321$144
28 years$1,085$798$577$411$289$125
29 years$1,037$753$537$377$261$109
30 years$991$711$500$346$236$95
31 years$949$672$466$318$213$83
32 years$909$636$435$292$193$72
33 years$872$602$406$268$175$63
34 years$837$571$379$247$158$55
35 years$804$541$355$227$143$48
36 years$773$514$332$209$130$41
37 years$744$488$310$193$118$36
38 years$717$464$291$178$107$32
39 years$691$441$272$164$97$27
40 years$666$419$255$151$88$24
41 years$642$399$239$139$80$21
42 years$620$380$225$129$72$18
43 years$599$362$211$119$66$16
44 years$579$345$198$110$60$14
45 years$559$329$186$101$54$12
46 years$541$314$174$94$49$11
47 years$524$300$164$86$45$9
48 years$507$286$154$80$40$8
49 years$491$273$145$74$37$7
50 years$475$261$136$68$33$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $487,000, adding $2,658 every year, while hoping to spend $30,851 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: 47/28/25 Blend
50$487,000$487,000$487,000$487,000
51$539,416$513,605$506,056$560,801
52$561,611$505,946$490,184$568,437
53$585,036$496,878$472,746$573,474
54$609,784$486,300$453,657$578,327
55$635,956$474,102$432,829$582,995
56$663,663$460,173$410,168$587,479
57$693,025$444,390$385,577$591,779
58$724,175$426,626$358,955$595,902
59$757,256$406,746$330,196$599,853
60$792,427$384,608$299,188$603,646
61$829,861$360,060$265,817$607,294
62$869,746$332,942$229,961$610,819
63$912,289$303,085$191,494$614,244
64$957,717$270,311$150,283$617,600
65$1,006,278$234,430$106,192$620,927
66$1,058,246$195,244$59,076$624,268
67$1,113,918$152,542$8,786$627,678
68$1,173,621$106,101$0$631,221
69$1,237,717$55,686$0$646,945
70$1,306,598$1,048$0$666,243
71$1,380,698$0$0$686,917
72$1,460,492$0$0$727,024
73$1,546,503$0$0$770,645
74$1,639,304$0$0$817,755
75$1,739,524$0$0$868,677
76$1,847,857$0$0$923,769
77$1,965,063$0$0$983,426
78$2,091,979$0$0$1,048,078
79$2,229,525$0$0$1,118,202
80$2,378,711$0$0$1,194,320
81$2,540,650$0$0$1,277,007
82$2,716,566$0$0$1,366,896
83$2,907,803$0$0$1,464,681
84$3,115,842$0$0$1,571,129
85$3,342,311$0$0$1,687,082
86$3,589,003$0$0$1,813,466
87$3,857,889$0$0$1,951,303
88$4,151,140$0$0$2,101,713
89$4,471,145$0$0$2,265,934
90$4,820,532$0$0$2,445,326
91$5,202,197$0$0$2,641,385
92$5,619,326$0$0$2,855,763
93$6,075,428$0$0$3,090,272
94$6,574,363$0$0$3,346,913
95$7,120,387$0$0$3,627,887
96$7,718,181$0$0$3,935,617
97$8,372,902$0$0$4,272,772
98$9,090,231$0$0$4,642,293
99$9,876,421$0$0$5,047,416
100$10,738,360$0$0$5,491,708