Can I retire at age 51 with 520,000?

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 $520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$42,941$42,559$42,185$41,821$41,466$39,978
2 years$21,258$20,862$20,478$20,106$19,745$18,263
3 years$14,031$13,634$13,251$12,882$12,527$11,097
4 years$10,419$10,022$9,643$9,281$8,935$7,566
5 years$8,251$7,857$7,484$7,129$6,792$5,490
6 years$6,807$6,416$6,048$5,701$5,374$4,139
7 years$5,776$5,388$5,026$4,687$4,371$3,202
8 years$5,003$4,619$4,262$3,932$3,626$2,523
9 years$4,402$4,021$3,671$3,349$3,054$2,015
10 years$3,922$3,545$3,201$2,887$2,602$1,626
11 years$3,529$3,156$2,818$2,512$2,238$1,322
12 years$3,202$2,832$2,501$2,204$1,939$1,082
13 years$2,925$2,560$2,234$1,946$1,691$890
14 years$2,688$2,327$2,007$1,727$1,482$735
15 years$2,483$2,125$1,812$1,540$1,305$608
16 years$2,304$1,950$1,643$1,379$1,153$505
17 years$2,146$1,796$1,495$1,239$1,023$420
18 years$2,005$1,660$1,365$1,117$909$351
19 years$1,880$1,538$1,250$1,009$811$293
20 years$1,767$1,429$1,147$914$724$245
21 years$1,665$1,331$1,055$829$648$205
22 years$1,573$1,243$972$754$581$171
23 years$1,489$1,162$898$687$521$144
24 years$1,412$1,089$830$626$469$120
25 years$1,341$1,022$769$572$422$101
26 years$1,275$960$713$523$380$85
27 years$1,215$904$662$479$342$71
28 years$1,159$852$616$439$309$60
29 years$1,107$804$573$402$279$50
30 years$1,058$759$534$369$252$42
31 years$1,013$717$497$339$228$35
32 years$971$679$464$312$206$30
33 years$931$643$433$287$187$25
34 years$894$609$405$264$169$21
35 years$859$578$379$243$153$18
36 years$826$548$354$224$139$15
37 years$795$521$331$206$126$13
38 years$765$495$310$190$114$11
39 years$737$471$291$175$103$9
40 years$711$448$273$161$94$7
41 years$686$426$256$149$85$6
42 years$662$406$240$137$77$5
43 years$639$387$225$127$70$4
44 years$618$369$211$117$64$4
45 years$597$352$198$108$58$3
46 years$578$335$186$100$52$3
47 years$559$320$175$92$48$2
48 years$541$306$164$85$43$2
49 years$524$292$155$79$39$2
50 years$508$279$145$73$36$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $520,000, adding $4,112 every year, while hoping to spend $21,667 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$520,000$520,000$520,000$520,000
51$577,282$549,722$541,662$602,062
52$613,111$553,604$536,754$623,605
53$651,868$556,951$530,955$644,487
54$693,830$559,713$524,213$666,743
55$739,299$561,838$516,473$690,512
56$788,609$563,269$507,677$715,947
57$842,127$563,949$497,763$743,221
58$900,256$563,814$486,670$772,522
59$963,438$562,798$474,330$804,061
60$1,032,164$560,829$460,675$838,069
61$1,106,968$557,834$445,631$874,805
62$1,188,443$553,731$429,124$914,553
63$1,277,238$548,438$411,073$957,629
64$1,374,068$541,863$391,396$1,004,382
65$1,479,721$533,913$370,006$1,055,199
66$1,595,065$524,487$346,813$1,110,507
67$1,721,052$513,477$321,722$1,170,780
68$1,858,734$500,772$294,634$1,236,542
69$2,009,266$486,252$265,446$1,308,371
70$2,173,923$469,789$234,050$1,386,907
71$2,354,105$451,251$200,333$1,472,860
72$2,551,357$430,495$164,177$1,567,010
73$2,767,378$407,373$125,460$1,670,225
74$3,004,041$381,724$84,052$1,783,460
75$3,263,406$353,381$39,821$1,907,772
76$3,547,745$322,168$0$2,044,330
77$3,859,557$287,897$0$2,196,314
78$4,201,598$250,370$0$2,374,265
79$4,576,900$209,378$0$2,569,590
80$4,988,806$164,699$0$2,784,068
81$5,440,995$116,100$0$3,019,665
82$5,937,522$63,335$0$3,278,546
83$6,482,854$6,143$0$3,563,101
84$7,081,911$0$0$3,875,965
85$7,740,112$0$0$4,235,997
86$8,463,429$0$0$4,633,637
87$9,258,440$0$0$5,070,752
88$10,132,391$0$0$5,551,334
89$11,093,268$0$0$6,079,781
90$12,149,867$0$0$6,660,940
91$13,311,878$0$0$7,300,149
92$14,589,981$0$0$8,003,290
93$15,995,940$0$0$8,776,846
94$17,542,716$0$0$9,627,957
95$19,244,592$0$0$10,564,491
96$21,117,303$0$0$11,595,118
97$23,178,189$0$0$12,729,390
98$25,446,353$0$0$13,977,831
99$27,942,845$0$0$15,352,041
100$30,690,861$0$0$16,864,796