Can I retire at age 51 with 501,000?

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 $501,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$41,372$41,004$40,644$40,293$39,950$39,096
2 years$20,481$20,100$19,730$19,372$19,024$18,167
3 years$13,519$13,135$12,767$12,412$12,070$11,237
4 years$10,038$9,656$9,291$8,942$8,608$7,807
5 years$7,950$7,570$7,210$6,868$6,544$5,776
6 years$6,559$6,182$5,827$5,493$5,178$4,444
7 years$5,565$5,191$4,842$4,516$4,211$3,511
8 years$4,820$4,450$4,107$3,788$3,493$2,827
9 years$4,241$3,875$3,537$3,227$2,942$2,309
10 years$3,778$3,415$3,084$2,781$2,507$1,907
11 years$3,400$3,040$2,715$2,421$2,156$1,588
12 years$3,085$2,729$2,409$2,123$1,868$1,332
13 years$2,818$2,466$2,153$1,875$1,629$1,123
14 years$2,590$2,242$1,934$1,664$1,428$951
15 years$2,392$2,048$1,746$1,484$1,257$808
16 years$2,220$1,879$1,583$1,329$1,111$689
17 years$2,067$1,730$1,441$1,194$985$589
18 years$1,932$1,599$1,315$1,076$876$505
19 years$1,811$1,482$1,204$972$781$433
20 years$1,703$1,377$1,105$880$698$373
21 years$1,605$1,283$1,016$799$624$321
22 years$1,516$1,197$937$727$560$277
23 years$1,434$1,120$865$662$502$239
24 years$1,360$1,049$800$604$451$206
25 years$1,292$985$741$551$406$178
26 years$1,229$925$687$504$366$154
27 years$1,171$871$638$461$330$133
28 years$1,117$821$593$423$298$115
29 years$1,067$774$552$388$269$100
30 years$1,020$731$514$356$243$86
31 years$976$691$479$327$220$75
32 years$935$654$447$300$199$65
33 years$897$619$418$276$180$56
34 years$861$587$390$254$163$49
35 years$828$557$365$234$147$42
36 years$796$528$341$215$134$37
37 years$766$502$319$198$121$32
38 years$737$477$299$183$110$28
39 years$710$454$280$169$100$24
40 years$685$432$263$156$90$21
41 years$661$411$246$144$82$18
42 years$638$391$231$132$74$16
43 years$616$373$217$122$67$14
44 years$595$355$203$113$61$12
45 years$575$339$191$104$56$10
46 years$557$323$179$96$50$9
47 years$539$308$169$89$46$8
48 years$521$294$158$82$42$7
49 years$505$281$149$76$38$6
50 years$489$269$140$70$34$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $501,000, adding $5,275 every year, while hoping to spend $29,766 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: 69/9/22 Blend
50$501,000$501,000$501,000$501,000
51$557,543$530,990$523,225$592,594
52$582,742$525,338$509,082$611,054
53$609,513$518,411$493,468$627,288
54$637,986$510,116$476,301$644,337
55$668,301$500,352$457,499$662,279
56$700,614$489,016$436,971$681,201
57$735,094$475,994$414,626$701,201
58$771,925$461,170$390,368$722,388
59$811,312$444,417$364,095$744,880
60$853,476$425,604$335,703$768,811
61$898,663$404,591$305,081$794,329
62$947,139$381,229$272,115$821,597
63$999,200$355,362$236,683$850,796
64$1,055,168$326,824$198,662$882,129
65$1,115,398$295,441$157,919$915,819
66$1,180,277$261,027$114,318$952,112
67$1,250,234$223,386$67,717$991,283
68$1,325,739$182,312$17,966$1,033,636
69$1,407,306$137,587$0$1,079,507
70$1,495,503$88,981$0$1,137,514
71$1,590,952$36,249$0$1,204,860
72$1,694,339$0$0$1,277,820
73$1,806,416$0$0$1,359,007
74$1,928,012$0$0$1,451,007
75$2,060,037$0$0$1,550,923
76$2,203,492$0$0$1,659,516
77$2,359,479$0$0$1,777,623
78$2,529,212$0$0$1,906,165
79$2,714,022$0$0$2,046,155
80$2,915,378$0$0$2,198,710
81$3,134,895$0$0$2,365,057
82$3,374,351$0$0$2,546,547
83$3,635,701$0$0$2,744,666
84$3,921,100$0$0$2,961,053
85$4,232,919$0$0$3,197,508
86$4,573,766$0$0$3,456,016
87$4,946,516$0$0$3,738,762
88$5,354,333$0$0$4,048,150
89$5,800,700$0$0$4,386,829
90$6,289,454$0$0$4,757,714
91$6,824,819$0$0$5,164,018
92$7,411,447$0$0$5,609,277
93$8,054,462$0$0$6,097,386
94$8,759,506$0$0$6,632,635
95$9,532,794$0$0$7,219,748
96$10,381,173$0$0$7,863,931
97$11,312,181$0$0$8,570,915
98$12,334,123$0$0$9,347,015
99$13,456,150$0$0$10,199,186
100$14,688,337$0$0$11,135,089