Can I retire at age 51 with 497,000?

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 $497,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$41,042$40,676$40,320$39,971$39,631$38,394
2 years$20,318$19,939$19,573$19,217$18,872$17,636
3 years$13,411$13,031$12,665$12,313$11,973$10,778
4 years$9,958$9,579$9,217$8,870$8,539$7,394
5 years$7,887$7,510$7,153$6,813$6,492$5,398
6 years$6,506$6,132$5,780$5,449$5,137$4,097
7 years$5,521$5,150$4,803$4,480$4,177$3,192
8 years$4,782$4,415$4,074$3,758$3,466$2,533
9 years$4,207$3,844$3,509$3,201$2,918$2,038
10 years$3,748$3,388$3,059$2,759$2,487$1,657
11 years$3,373$3,016$2,693$2,401$2,139$1,358
12 years$3,060$2,707$2,390$2,106$1,853$1,120
13 years$2,796$2,446$2,135$1,860$1,616$928
14 years$2,569$2,224$1,919$1,651$1,417$773
15 years$2,373$2,031$1,732$1,472$1,247$646
16 years$2,202$1,864$1,571$1,318$1,102$541
17 years$2,051$1,716$1,429$1,184$977$454
18 years$1,917$1,586$1,305$1,067$869$382
19 years$1,797$1,470$1,194$964$775$322
20 years$1,689$1,366$1,096$873$692$271
21 years$1,592$1,272$1,008$793$619$229
22 years$1,503$1,188$929$721$555$194
23 years$1,423$1,111$858$656$498$164
24 years$1,349$1,041$793$599$448$139
25 years$1,281$977$735$547$403$118
26 years$1,219$918$682$500$363$100
27 years$1,161$864$633$458$327$84
28 years$1,108$814$588$419$295$72
29 years$1,058$768$548$384$267$61
30 years$1,012$725$510$353$241$52
31 years$968$686$475$324$218$44
32 years$928$649$444$298$197$37
33 years$890$614$414$274$178$32
34 years$854$582$387$252$161$27
35 years$821$552$362$232$146$23
36 years$789$524$338$214$132$19
37 years$760$498$317$197$120$16
38 years$731$473$297$181$109$14
39 years$705$450$278$167$99$12
40 years$679$428$261$154$90$10
41 years$656$407$244$142$81$9
42 years$633$388$229$131$74$7
43 years$611$370$215$121$67$6
44 years$591$352$202$112$61$5
45 years$571$336$190$103$55$4
46 years$552$321$178$96$50$4
47 years$534$306$167$88$45$3
48 years$517$292$157$82$41$3
49 years$501$279$148$75$37$2
50 years$485$266$139$70$34$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $497,000, adding $4,675 every year, while hoping to spend $24,098 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: 34/46/20 Blend
50$497,000$497,000$497,000$497,000
51$552,516$526,175$518,472$567,777
52$583,233$526,318$510,200$579,592
53$616,275$525,660$500,844$589,773
54$651,854$524,136$490,342$600,251
55$690,203$521,679$478,628$611,067
56$731,577$518,214$465,636$622,269
57$776,257$513,666$451,293$633,908
58$824,551$507,951$435,528$646,047
59$876,798$500,984$418,261$658,754
60$933,371$492,672$399,412$672,108
61$994,680$482,917$378,897$686,198
62$1,061,174$471,617$356,627$701,124
63$1,133,349$458,661$332,509$717,000
64$1,211,750$443,935$306,448$733,955
65$1,296,976$427,316$278,341$752,134
66$1,389,686$408,673$248,084$771,698
67$1,490,606$387,870$215,567$792,830
68$1,600,534$364,761$180,675$815,737
69$1,720,348$339,194$143,287$840,649
70$1,851,014$311,005$103,278$867,822
71$1,993,597$280,024$60,517$897,547
72$2,149,267$246,069$14,868$930,146
73$2,319,314$208,948$0$965,981
74$2,505,157$168,459$0$1,012,678
75$2,708,358$124,388$0$1,067,319
76$2,930,637$76,510$0$1,127,264
77$3,173,888$24,585$0$1,193,106
78$3,440,197$0$0$1,265,507
79$3,731,861$0$0$1,361,212
80$4,051,408$0$0$1,479,773
81$4,401,625$0$0$1,609,789
82$4,785,578$0$0$1,752,407
83$5,206,647$0$0$1,908,892
84$5,668,552$0$0$2,080,638
85$6,175,393$0$0$2,269,179
86$6,731,684$0$0$2,476,204
87$7,342,398$0$0$2,703,577
88$8,013,013$0$0$2,953,348
89$8,749,565$0$0$3,227,776
90$9,558,700$0$0$3,529,352
91$10,447,743$0$0$3,860,817
92$11,424,760$0$0$4,225,193
93$12,498,641$0$0$4,625,809
94$13,679,178$0$0$5,066,331
95$14,977,158$0$0$5,550,800
96$16,404,467$0$0$6,083,668
97$17,974,200$0$0$6,669,838
98$19,700,784$0$0$7,314,716
99$21,600,117$0$0$8,024,255
100$23,689,712$0$0$8,805,015