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%12.1%
1 years$41,290$40,922$40,563$40,213$39,871$39,520
2 years$20,440$20,060$19,691$19,333$18,986$18,633
3 years$13,492$13,109$12,741$12,387$12,046$11,701
4 years$10,018$9,637$9,272$8,924$8,591$8,257
5 years$7,934$7,555$7,196$6,855$6,531$6,209
6 years$6,545$6,169$5,815$5,482$5,168$4,858
7 years$5,554$5,181$4,832$4,507$4,203$3,905
8 years$4,811$4,441$4,098$3,781$3,486$3,201
9 years$4,233$3,867$3,530$3,220$2,936$2,663
10 years$3,771$3,408$3,077$2,776$2,502$2,241
11 years$3,393$3,034$2,709$2,416$2,152$1,903
12 years$3,079$2,723$2,404$2,119$1,864$1,628
13 years$2,813$2,461$2,148$1,871$1,626$1,401
14 years$2,585$2,237$1,930$1,661$1,425$1,211
15 years$2,388$2,044$1,743$1,481$1,255$1,052
16 years$2,215$1,875$1,580$1,326$1,109$916
17 years$2,063$1,727$1,438$1,191$983$801
18 years$1,928$1,596$1,312$1,074$874$702
19 years$1,808$1,479$1,202$970$779$616
20 years$1,699$1,374$1,103$879$696$542
21 years$1,601$1,280$1,014$798$623$478
22 years$1,512$1,195$935$725$558$422
23 years$1,431$1,118$863$660$501$373
24 years$1,357$1,047$798$602$451$330
25 years$1,289$983$739$550$405$292
26 years$1,226$923$686$503$365$259
27 years$1,168$869$637$460$329$229
28 years$1,114$819$592$422$297$204
29 years$1,064$773$551$387$268$181
30 years$1,018$730$513$355$242$161
31 years$974$690$478$326$219$143
32 years$934$653$446$300$198$127
33 years$895$618$417$276$179$113
34 years$860$586$389$254$162$100
35 years$826$556$364$233$147$89
36 years$794$527$341$215$133$80
37 years$764$501$319$198$121$71
38 years$736$476$298$183$110$63
39 years$709$453$280$168$99$56
40 years$684$431$262$155$90$50
41 years$659$410$246$143$82$45
42 years$637$390$231$132$74$40
43 years$615$372$216$122$67$35
44 years$594$355$203$113$61$32
45 years$574$338$191$104$55$28
46 years$555$323$179$96$50$25
47 years$538$308$168$89$46$22
48 years$520$294$158$82$42$20
49 years$504$281$149$76$38$18
50 years$488$268$140$70$34$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $500,000, adding $4,606 every year, while hoping to spend $43,271 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: 51/40/9 Blend
50$500,000$500,000$500,000$500,000
51$555,751$529,251$521,501$582,570
52$566,398$509,144$492,931$581,250
53$576,680$486,602$461,954$574,797
54$586,515$461,459$428,444$566,769
55$595,810$433,542$392,267$557,029
56$604,462$402,664$353,287$545,429
57$612,354$368,632$311,359$531,807
58$619,358$331,239$266,334$515,992
59$625,330$290,266$218,053$497,795
60$630,108$245,484$166,352$477,016
61$633,516$196,649$111,062$453,435
62$635,353$143,504$52,001$426,818
63$635,401$85,777$0$396,909
64$633,413$23,182$0$364,490
65$629,119$0$0$333,603
66$622,216$0$0$318,569
67$612,370$0$0$312,055
68$599,211$0$0$303,648
69$582,327$0$0$293,116
70$561,264$0$0$280,202
71$535,518$0$0$264,622
72$504,532$0$0$246,062
73$467,689$0$0$224,174
74$424,306$0$0$198,574
75$373,628$0$0$168,835
76$314,822$0$0$134,489
77$246,964$0$0$95,014
78$169,036$0$0$49,838
79$79,912$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
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