Can I retire at age 51 with 498,000?

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 $498,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$41,124$40,758$40,401$40,052$39,711$38,735
2 years$20,359$19,979$19,612$19,256$18,910$17,933
3 years$13,438$13,057$12,690$12,337$11,997$11,050
4 years$9,978$9,598$9,235$8,888$8,557$7,645
5 years$7,902$7,525$7,167$6,827$6,505$5,633
6 years$6,519$6,145$5,792$5,460$5,147$4,315
7 years$5,532$5,160$4,813$4,489$4,186$3,394
8 years$4,791$4,423$4,082$3,765$3,473$2,720
9 years$4,216$3,851$3,516$3,207$2,924$2,211
10 years$3,756$3,395$3,065$2,765$2,492$1,817
11 years$3,380$3,022$2,698$2,406$2,143$1,505
12 years$3,066$2,713$2,395$2,111$1,857$1,256
13 years$2,801$2,451$2,140$1,863$1,619$1,053
14 years$2,574$2,228$1,922$1,654$1,420$887
15 years$2,378$2,036$1,736$1,475$1,250$750
16 years$2,206$1,868$1,574$1,321$1,105$636
17 years$2,055$1,720$1,432$1,187$979$540
18 years$1,921$1,589$1,307$1,069$871$460
19 years$1,800$1,473$1,197$966$776$393
20 years$1,693$1,369$1,098$875$693$336
21 years$1,595$1,275$1,010$794$620$287
22 years$1,506$1,190$931$722$556$246
23 years$1,426$1,113$860$658$499$211
24 years$1,352$1,043$795$600$449$181
25 years$1,284$979$736$548$404$155
26 years$1,221$920$683$501$364$134
27 years$1,164$866$634$459$328$115
28 years$1,110$816$590$420$296$99
29 years$1,060$770$549$385$267$85
30 years$1,014$727$511$354$241$73
31 years$970$687$476$325$218$63
32 years$930$650$445$298$197$54
33 years$892$616$415$274$179$47
34 years$856$583$388$252$162$40
35 years$823$553$363$232$147$35
36 years$791$525$339$214$133$30
37 years$761$499$317$197$120$26
38 years$733$474$297$182$109$22
39 years$706$451$279$168$99$19
40 years$681$429$261$155$90$16
41 years$657$408$245$143$81$14
42 years$634$389$230$132$74$12
43 years$612$370$215$122$67$11
44 years$592$353$202$112$61$9
45 years$572$337$190$104$55$8
46 years$553$321$178$96$50$7
47 years$535$307$168$88$46$6
48 years$518$293$157$82$41$5
49 years$502$279$148$76$38$4
50 years$486$267$139$70$34$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $498,000, adding $5,396 every year, while hoping to spend $38,762 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: 65/6/29 Blend
50$498,000$498,000$498,000$498,000
51$554,362$527,968$520,249$585,807
52$569,664$512,596$496,435$592,359
53$585,229$495,172$470,524$594,747
54$601,040$475,553$442,405$596,516
55$617,082$453,591$411,961$597,610
56$633,335$429,128$379,072$597,967
57$649,775$401,994$343,611$597,523
58$666,374$372,015$305,444$596,207
59$683,102$339,001$264,434$593,943
60$699,922$302,756$220,436$590,651
61$716,792$263,069$173,299$586,241
62$733,666$219,721$122,866$580,620
63$750,490$172,476$68,971$573,684
64$767,202$121,090$11,444$565,323
65$783,734$65,301$0$555,418
66$800,008$4,833$0$559,295
67$815,936$0$0$566,143
68$831,421$0$0$576,329
69$846,351$0$0$586,418
70$860,603$0$0$596,002
71$874,038$0$0$604,981
72$886,501$0$0$613,244
73$897,820$0$0$620,667
74$907,802$0$0$627,110
75$916,232$0$0$632,419
76$922,870$0$0$636,422
77$927,451$0$0$638,927
78$929,678$0$0$639,722
79$929,222$0$0$638,570
80$925,719$0$0$635,209
81$918,762$0$0$629,348
82$907,903$0$0$620,663
83$892,641$0$0$608,797
84$872,425$0$0$593,352
85$846,642$0$0$573,890
86$814,614$0$0$549,922
87$775,590$0$0$520,911
88$728,739$0$0$486,261
89$673,142$0$0$445,310
90$607,780$0$0$397,331
91$531,530$0$0$341,515
92$443,148$0$0$276,972
93$341,259$0$0$202,715
94$224,344$0$0$117,654
95$90,725$0$0$20,586
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0