Can I retire at age 51 with 500,000?

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 $500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$41,290$40,922$40,563$40,213$39,871$39,082
2 years$20,440$20,060$19,691$19,333$18,986$18,194
3 years$13,492$13,109$12,741$12,387$12,046$11,276
4 years$10,018$9,637$9,272$8,924$8,591$7,850
5 years$7,934$7,555$7,196$6,855$6,531$5,819
6 years$6,545$6,169$5,815$5,482$5,168$4,487
7 years$5,554$5,181$4,832$4,507$4,203$3,553
8 years$4,811$4,441$4,098$3,781$3,486$2,868
9 years$4,233$3,867$3,530$3,220$2,936$2,348
10 years$3,771$3,408$3,077$2,776$2,502$1,944
11 years$3,393$3,034$2,709$2,416$2,152$1,623
12 years$3,079$2,723$2,404$2,119$1,864$1,364
13 years$2,813$2,461$2,148$1,871$1,626$1,153
14 years$2,585$2,237$1,930$1,661$1,425$979
15 years$2,388$2,044$1,743$1,481$1,255$835
16 years$2,215$1,875$1,580$1,326$1,109$714
17 years$2,063$1,727$1,438$1,191$983$612
18 years$1,928$1,596$1,312$1,074$874$526
19 years$1,808$1,479$1,202$970$779$453
20 years$1,699$1,374$1,103$879$696$391
21 years$1,601$1,280$1,014$798$623$337
22 years$1,512$1,195$935$725$558$292
23 years$1,431$1,118$863$660$501$252
24 years$1,357$1,047$798$602$451$219
25 years$1,289$983$739$550$405$190
26 years$1,226$923$686$503$365$164
27 years$1,168$869$637$460$329$143
28 years$1,114$819$592$422$297$124
29 years$1,064$773$551$387$268$108
30 years$1,018$730$513$355$242$94
31 years$974$690$478$326$219$81
32 years$934$653$446$300$198$71
33 years$895$618$417$276$179$61
34 years$860$586$389$254$162$53
35 years$826$556$364$233$147$47
36 years$794$527$341$215$133$40
37 years$764$501$319$198$121$35
38 years$736$476$298$183$110$31
39 years$709$453$280$168$99$27
40 years$684$431$262$155$90$23
41 years$659$410$246$143$82$20
42 years$637$390$231$132$74$18
43 years$615$372$216$122$67$15
44 years$594$355$203$113$61$13
45 years$574$338$191$104$55$12
46 years$555$323$179$96$50$10
47 years$538$308$168$89$46$9
48 years$520$294$158$82$42$8
49 years$504$281$149$76$38$7
50 years$488$268$140$70$34$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $500,000, adding $6,572 every year, while hoping to spend $36,929 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: 50/26/24 Blend
50$500,000$500,000$500,000$500,000
51$557,779$531,279$523,529$581,607
52$575,380$518,020$501,775$585,600
53$593,539$502,873$478,055$585,680
54$612,274$485,707$452,263$585,015
55$631,602$466,383$424,290$583,550
56$651,544$444,754$394,022$581,229
57$672,118$420,664$361,339$577,989
58$693,346$393,948$326,115$573,766
59$715,248$364,432$288,221$568,491
60$737,846$331,932$247,519$562,094
61$761,163$296,254$203,868$554,497
62$785,222$257,191$157,118$545,621
63$810,048$214,526$107,114$535,382
64$835,665$168,030$53,695$523,690
65$862,098$117,459$0$510,452
66$889,376$62,558$0$496,417
67$917,526$3,057$0$495,362
68$946,576$0$0$493,460
69$976,556$0$0$508,192
70$1,007,497$0$0$524,299
71$1,039,431$0$0$540,923
72$1,072,391$0$0$558,083
73$1,106,411$0$0$575,795
74$1,141,528$0$0$594,078
75$1,177,778$0$0$612,952
76$1,215,200$0$0$632,437
77$1,253,833$0$0$652,554
78$1,293,719$0$0$673,325
79$1,334,901$0$0$694,772
80$1,377,425$0$0$716,918
81$1,421,336$0$0$739,789
82$1,466,684$0$0$763,410
83$1,513,519$0$0$787,807
84$1,561,895$0$0$813,008
85$1,611,865$0$0$839,043
86$1,663,488$0$0$865,940
87$1,716,824$0$0$893,733
88$1,771,935$0$0$922,454
89$1,828,887$0$0$952,138
90$1,887,750$0$0$982,820
91$1,948,594$0$0$1,014,539
92$2,011,496$0$0$1,047,335
93$2,076,534$0$0$1,081,250
94$2,143,792$0$0$1,116,327
95$2,213,357$0$0$1,152,613
96$2,285,321$0$0$1,190,156
97$2,359,780$0$0$1,229,008
98$2,436,838$0$0$1,269,223
99$2,516,600$0$0$1,310,858
100$2,599,181$0$0$1,353,972