Can I retire at age 51 with 516,000?

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 $516,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$42,611$42,231$41,861$41,499$41,147$40,887
2 years$21,094$20,702$20,321$19,952$19,594$19,332
3 years$13,923$13,529$13,149$12,783$12,431$12,175
4 years$10,338$9,945$9,569$9,210$8,866$8,618
5 years$8,188$7,797$7,426$7,074$6,740$6,500
6 years$6,755$6,367$6,001$5,657$5,333$5,102
7 years$5,732$5,347$4,987$4,651$4,337$4,116
8 years$4,965$4,583$4,229$3,902$3,598$3,385
9 years$4,368$3,991$3,643$3,323$3,030$2,826
10 years$3,891$3,517$3,176$2,865$2,582$2,387
11 years$3,502$3,131$2,796$2,493$2,220$2,034
12 years$3,177$2,811$2,481$2,187$1,924$1,746
13 years$2,903$2,540$2,217$1,931$1,678$1,509
14 years$2,668$2,309$1,992$1,714$1,471$1,310
15 years$2,464$2,109$1,798$1,528$1,295$1,142
16 years$2,286$1,935$1,631$1,369$1,145$999
17 years$2,129$1,782$1,484$1,230$1,015$877
18 years$1,990$1,647$1,354$1,108$902$771
19 years$1,866$1,526$1,240$1,001$804$680
20 years$1,754$1,418$1,138$907$718$601
21 years$1,653$1,321$1,047$823$643$532
22 years$1,561$1,233$965$748$576$472
23 years$1,477$1,153$891$682$517$419
24 years$1,401$1,081$824$622$465$372
25 years$1,330$1,014$763$568$418$331
26 years$1,266$953$708$519$377$295
27 years$1,206$897$657$475$340$263
28 years$1,150$845$611$435$307$234
29 years$1,098$797$568$399$277$209
30 years$1,050$753$529$366$250$187
31 years$1,005$712$494$336$226$167
32 years$963$674$461$309$205$149
33 years$924$638$430$284$185$133
34 years$887$605$402$262$168$119
35 years$852$573$376$241$152$107
36 years$820$544$351$222$138$95
37 years$789$517$329$204$125$85
38 years$759$491$308$188$113$76
39 years$732$467$289$174$102$68
40 years$705$444$270$160$93$61
41 years$681$423$254$148$84$55
42 years$657$403$238$136$77$49
43 years$634$384$223$126$69$44
44 years$613$366$210$116$63$39
45 years$593$349$197$107$57$35
46 years$573$333$185$99$52$32
47 years$555$318$174$92$47$28
48 years$537$303$163$85$43$25
49 years$520$290$153$78$39$23
50 years$504$277$144$72$35$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $516,000, adding $3,256 every year, while hoping to spend $55,085 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: 45/25/30 Blend
50$516,000$516,000$516,000$516,000
51$571,991$544,643$536,645$592,640
52$571,724$512,720$496,012$575,764
53$569,583$477,387$452,172$551,970
54$565,320$438,418$404,959$525,128
55$558,658$395,576$354,201$494,985
56$549,290$348,608$299,715$461,267
57$536,876$297,249$241,314$423,677
58$521,040$241,217$178,801$381,895
59$501,365$180,215$111,970$335,571
60$477,390$113,931$40,606$284,329
61$448,602$42,033$0$227,758
62$414,438$0$0$176,795
63$374,272$0$0$144,044
64$327,412$0$0$119,497
65$273,093$0$0$91,210
66$210,471$0$0$58,763
67$138,611$0$0$21,691
68$56,482$0$0$0
69$0$0$0$0
70$0$0$0$0
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$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