Can I retire at age 51 with 508,000?

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 $508,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$41,950$41,576$41,212$40,856$40,509$39,322
2 years$20,767$20,381$20,006$19,642$19,290$18,104
3 years$13,707$13,319$12,945$12,585$12,238$11,090
4 years$10,178$9,791$9,421$9,067$8,728$7,627
5 years$8,061$7,676$7,311$6,964$6,635$5,584
6 years$6,650$6,268$5,908$5,569$5,250$4,249
7 years$5,643$5,264$4,910$4,579$4,270$3,320
8 years$4,888$4,512$4,164$3,841$3,542$2,642
9 years$4,301$3,929$3,586$3,272$2,983$2,132
10 years$3,831$3,463$3,127$2,820$2,542$1,739
11 years$3,447$3,083$2,753$2,454$2,186$1,430
12 years$3,128$2,767$2,443$2,153$1,894$1,183
13 years$2,858$2,501$2,183$1,901$1,652$984
14 years$2,626$2,273$1,961$1,687$1,448$822
15 years$2,426$2,076$1,771$1,505$1,275$689
16 years$2,251$1,905$1,605$1,347$1,127$579
17 years$2,096$1,754$1,461$1,211$999$488
18 years$1,959$1,621$1,333$1,091$888$412
19 years$1,837$1,503$1,221$986$792$349
20 years$1,727$1,396$1,120$893$707$295
21 years$1,627$1,301$1,030$810$633$250
22 years$1,537$1,214$950$737$567$212
23 years$1,454$1,135$877$671$509$180
24 years$1,379$1,064$811$612$458$153
25 years$1,310$998$751$559$412$130
26 years$1,246$938$697$511$371$111
27 years$1,187$883$647$468$335$94
28 years$1,132$832$601$429$302$80
29 years$1,081$785$560$393$273$68
30 years$1,034$741$521$361$246$58
31 years$990$701$486$331$223$50
32 years$949$663$453$304$201$42
33 years$910$628$423$280$182$36
34 years$873$595$396$258$165$31
35 years$839$564$370$237$149$26
36 years$807$536$346$218$135$22
37 years$776$509$324$201$123$19
38 years$748$484$303$185$111$16
39 years$720$460$284$171$101$14
40 years$695$438$266$158$92$12
41 years$670$416$250$146$83$10
42 years$647$397$234$134$75$9
43 years$625$378$220$124$68$7
44 years$604$360$206$114$62$6
45 years$584$344$194$106$56$5
46 years$564$328$182$98$51$5
47 years$546$313$171$90$46$4
48 years$529$299$161$83$42$3
49 years$512$285$151$77$38$3
50 years$496$272$142$71$35$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $508,000, adding $2,784 every year, while hoping to spend $32,118 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: 86/7/7 Blend
50$508,000$508,000$508,000$508,000
51$562,688$535,764$527,890$610,533
52$585,909$527,843$511,401$634,229
53$610,421$518,457$493,283$655,561
54$636,324$507,502$473,448$677,974
55$663,724$494,864$451,803$701,555
56$692,737$480,425$428,251$726,397
57$723,490$464,060$402,692$752,606
58$756,124$445,637$375,020$780,296
59$790,789$425,014$345,124$809,593
60$827,653$402,043$312,889$840,636
61$866,898$376,567$278,194$873,577
62$908,722$348,419$240,914$908,584
63$953,344$317,425$200,918$945,842
64$1,001,004$283,397$158,067$985,553
65$1,051,964$246,141$112,220$1,027,941
66$1,106,510$205,447$63,225$1,073,254
67$1,164,958$161,098$10,927$1,121,762
68$1,227,654$112,862$0$1,173,764
69$1,294,976$60,494$0$1,232,942
70$1,367,342$3,737$0$1,297,395
71$1,445,208$0$0$1,366,720
72$1,529,076$0$0$1,445,813
73$1,619,496$0$0$1,531,402
74$1,717,075$0$0$1,623,772
75$1,822,477$0$0$1,723,552
76$1,936,433$0$0$1,831,436
77$2,059,747$0$0$1,948,184
78$2,193,301$0$0$2,074,634
79$2,338,067$0$0$2,211,706
80$2,495,113$0$0$2,360,411
81$2,665,611$0$0$2,521,861
82$2,850,854$0$0$2,697,282
83$3,052,263$0$0$2,888,018
84$3,271,400$0$0$3,095,551
85$3,509,985$0$0$3,321,511
86$3,769,910$0$0$3,567,690
87$4,053,257$0$0$3,836,063
88$4,362,318$0$0$4,128,799
89$4,699,616$0$0$4,448,292
90$5,067,927$0$0$4,797,170
91$5,470,308$0$0$5,178,331
92$5,910,123$0$0$5,594,964
93$6,391,077$0$0$6,050,580
94$6,917,250$0$0$6,549,044
95$7,493,132$0$0$7,094,612
96$8,123,670$0$0$7,691,971
97$8,814,308$0$0$8,346,283
98$9,571,046$0$0$9,063,231
99$10,400,487$0$0$9,849,075
100$11,309,908$0$0$10,710,709