Can I retire at age 51 with 328,000?

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 $328,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$27,086$26,845$26,609$26,380$26,155$25,722
2 years$13,409$13,159$12,917$12,682$12,455$12,020
3 years$8,850$8,600$8,358$8,126$7,902$7,478
4 years$6,572$6,322$6,083$5,854$5,636$5,227
5 years$5,205$4,956$4,720$4,497$4,284$3,891
6 years$4,294$4,047$3,815$3,596$3,390$3,014
7 years$3,643$3,399$3,170$2,956$2,757$2,397
8 years$3,156$2,913$2,688$2,480$2,287$1,944
9 years$2,777$2,537$2,316$2,112$1,926$1,599
10 years$2,474$2,236$2,019$1,821$1,641$1,330
11 years$2,226$1,991$1,777$1,585$1,411$1,116
12 years$2,020$1,787$1,577$1,390$1,223$943
13 years$1,845$1,615$1,409$1,227$1,067$802
14 years$1,696$1,468$1,266$1,089$935$684
15 years$1,566$1,341$1,143$972$823$587
16 years$1,453$1,230$1,036$870$728$505
17 years$1,353$1,133$943$782$645$435
18 years$1,265$1,047$861$704$574$376
19 years$1,186$970$788$636$511$326
20 years$1,115$901$723$576$457$283
21 years$1,051$840$665$523$409$246
22 years$992$784$613$476$366$214
23 years$939$733$566$433$329$186
24 years$890$687$524$395$296$162
25 years$846$645$485$361$266$141
26 years$804$606$450$330$240$123
27 years$766$570$418$302$216$108
28 years$731$537$388$277$195$94
29 years$698$507$361$254$176$82
30 years$668$479$337$233$159$72
31 years$639$452$314$214$144$63
32 years$612$428$293$197$130$55
33 years$587$405$273$181$118$48
34 years$564$384$255$166$107$42
35 years$542$364$239$153$97$37
36 years$521$346$223$141$87$32
37 years$501$329$209$130$79$28
38 years$483$312$196$120$72$25
39 years$465$297$183$110$65$22
40 years$448$282$172$102$59$19
41 years$433$269$161$94$54$17
42 years$418$256$151$87$49$15
43 years$403$244$142$80$44$13
44 years$390$233$133$74$40$11
45 years$377$222$125$68$36$10
46 years$364$212$117$63$33$9
47 years$353$202$110$58$30$8
48 years$341$193$104$54$27$7
49 years$331$184$97$50$25$6
50 years$320$176$92$46$22$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $328,000, adding $3,516 every year, while hoping to spend $24,141 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: 74/19/7 Blend
50$328,000$328,000$328,000$328,000
51$365,083$347,699$342,615$391,488
52$376,635$339,050$328,407$400,711
53$388,557$329,169$312,913$407,414
54$400,861$317,968$296,066$414,068
55$413,558$305,358$277,794$420,663
56$426,662$291,243$258,022$427,183
57$440,188$275,519$236,671$433,613
58$454,148$258,080$213,660$439,939
59$468,557$238,812$188,904$446,143
60$483,430$217,595$162,313$452,208
61$498,784$194,301$133,795$458,113
62$514,635$168,797$103,251$463,839
63$530,999$140,939$70,581$469,363
64$547,893$110,578$35,679$474,664
65$565,338$77,555$0$479,715
66$583,350$41,703$0$484,609
67$601,951$2,846$0$492,051
68$621,161$0$0$499,355
69$641,001$0$0$514,694
70$661,494$0$0$531,152
71$682,664$0$0$548,155
72$704,534$0$0$565,720
73$727,130$0$0$583,870
74$750,480$0$0$602,624
75$774,610$0$0$622,007
76$799,550$0$0$642,040
77$825,331$0$0$662,750
78$851,985$0$0$684,161
79$879,545$0$0$706,302
80$908,048$0$0$729,200
81$937,529$0$0$752,886
82$968,029$0$0$777,390
83$999,587$0$0$802,748
84$1,032,249$0$0$828,992
85$1,066,060$0$0$856,161
86$1,101,067$0$0$884,293
87$1,137,323$0$0$913,431
88$1,174,881$0$0$943,617
89$1,213,799$0$0$974,897
90$1,254,138$0$0$1,007,322
91$1,295,962$0$0$1,040,944
92$1,339,339$0$0$1,075,817
93$1,384,344$0$0$1,112,002
94$1,431,054$0$0$1,149,560
95$1,479,552$0$0$1,188,560
96$1,529,926$0$0$1,229,072
97$1,582,271$0$0$1,271,174
98$1,636,688$0$0$1,314,948
99$1,693,287$0$0$1,360,481
100$1,752,182$0$0$1,407,868