Can I retire at age 51 with 330,000?

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 $330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$27,251$27,008$26,772$26,540$26,315$25,271
2 years$13,491$13,239$12,996$12,760$12,531$11,492
3 years$8,904$8,652$8,409$8,175$7,950$6,949
4 years$6,612$6,360$6,120$5,890$5,670$4,714
5 years$5,237$4,986$4,749$4,524$4,310$3,403
6 years$4,320$4,072$3,838$3,618$3,411$2,551
7 years$3,666$3,420$3,189$2,974$2,774$1,963
8 years$3,175$2,931$2,705$2,495$2,301$1,537
9 years$2,794$2,552$2,330$2,125$1,938$1,220
10 years$2,489$2,250$2,031$1,832$1,651$978
11 years$2,239$2,003$1,788$1,594$1,420$790
12 years$2,032$1,797$1,587$1,399$1,231$642
13 years$1,856$1,624$1,418$1,235$1,073$525
14 years$1,706$1,477$1,274$1,096$941$430
15 years$1,576$1,349$1,150$977$828$354
16 years$1,462$1,238$1,043$875$732$292
17 years$1,362$1,140$949$786$649$241
18 years$1,273$1,053$866$709$577$199
19 years$1,193$976$793$640$514$165
20 years$1,122$907$728$580$459$137
21 years$1,057$845$669$526$411$114
22 years$998$789$617$479$369$95
23 years$945$738$570$436$331$79
24 years$896$691$527$398$297$65
25 years$851$649$488$363$268$54
26 years$809$610$453$332$241$45
27 years$771$574$420$304$217$38
28 years$735$541$391$278$196$31
29 years$702$510$364$255$177$26
30 years$672$482$339$234$160$22
31 years$643$455$316$215$145$18
32 years$616$431$295$198$131$15
33 years$591$408$275$182$118$13
34 years$567$387$257$167$107$11
35 years$545$367$240$154$97$9
36 years$524$348$225$142$88$7
37 years$504$331$210$131$80$6
38 years$486$314$197$120$72$5
39 years$468$299$185$111$66$4
40 years$451$284$173$102$59$4
41 years$435$271$162$95$54$3
42 years$420$258$152$87$49$2
43 years$406$246$143$81$44$2
44 years$392$234$134$74$40$2
45 years$379$223$126$69$37$1
46 years$367$213$118$63$33$1
47 years$355$203$111$59$30$1
48 years$343$194$104$54$27$1
49 years$333$185$98$50$25$1
50 years$322$177$92$46$23$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $330,000, adding $5,194 every year, while hoping to spend $20,361 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: 62/12/26 Blend
50$330,000$330,000$330,000$330,000
51$369,018$351,528$346,413$389,045
52$384,993$347,089$336,353$398,802
53$401,916$341,749$325,275$406,769
54$419,862$335,445$313,121$415,025
55$438,911$328,105$299,835$423,603
56$459,155$319,657$285,354$432,538
57$480,691$310,023$269,615$441,870
58$503,626$299,119$252,553$451,645
59$528,080$286,859$234,096$461,914
60$554,179$273,151$214,174$472,733
61$582,066$257,896$192,710$484,167
62$611,896$240,991$169,624$496,286
63$643,837$222,328$144,835$509,172
64$678,077$201,790$118,255$522,913
65$714,819$179,256$89,795$537,610
66$754,287$154,597$59,360$553,373
67$796,728$127,675$26,852$570,328
68$842,411$98,348$0$588,614
69$891,633$66,463$0$610,559
70$944,719$31,860$0$642,254
71$1,002,028$0$0$676,462
72$1,063,951$0$0$714,174
73$1,130,922$0$0$759,529
74$1,203,416$0$0$808,645
75$1,281,953$0$0$861,877
76$1,367,109$0$0$919,618
77$1,459,514$0$0$982,298
78$1,559,862$0$0$1,050,390
79$1,668,918$0$0$1,124,417
80$1,787,520$0$0$1,204,952
81$1,916,594$0$0$1,292,625
82$2,057,156$0$0$1,388,132
83$2,210,325$0$0$1,492,235
84$2,377,333$0$0$1,605,776
85$2,559,534$0$0$1,729,680
86$2,758,421$0$0$1,864,965
87$2,975,635$0$0$2,012,754
88$3,212,984$0$0$2,174,281
89$3,472,459$0$0$2,350,904
90$3,756,251$0$0$2,544,121
91$4,066,771$0$0$2,755,579
92$4,406,678$0$0$2,987,092
93$4,778,895$0$0$3,240,658
94$5,186,645$0$0$3,518,478
95$5,633,475$0$0$3,822,975
96$6,123,291$0$0$4,156,817
97$6,660,398$0$0$4,522,944
98$7,249,535$0$0$4,924,593
99$7,895,921$0$0$5,365,330
100$8,605,308$0$0$5,849,082