Can I retire at age 51 with 331,000?

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 $331,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$27,334$27,090$26,853$26,621$26,394$25,851
2 years$13,532$13,280$13,035$12,798$12,569$12,024
3 years$8,931$8,678$8,435$8,200$7,974$7,444
4 years$6,632$6,379$6,138$5,908$5,687$5,177
5 years$5,252$5,002$4,764$4,538$4,323$3,834
6 years$4,333$4,084$3,850$3,629$3,421$2,953
7 years$3,677$3,430$3,199$2,983$2,782$2,336
8 years$3,185$2,940$2,713$2,503$2,308$1,883
9 years$2,802$2,560$2,337$2,132$1,944$1,540
10 years$2,496$2,256$2,037$1,838$1,656$1,273
11 years$2,246$2,009$1,794$1,599$1,424$1,062
12 years$2,038$1,803$1,592$1,403$1,234$891
13 years$1,862$1,629$1,422$1,238$1,076$753
14 years$1,711$1,481$1,278$1,099$944$638
15 years$1,581$1,353$1,154$980$831$543
16 years$1,466$1,241$1,046$878$734$464
17 years$1,366$1,143$952$789$651$397
18 years$1,277$1,056$869$711$579$341
19 years$1,197$979$795$642$516$293
20 years$1,125$910$730$582$461$252
21 years$1,060$847$671$528$412$218
22 years$1,001$791$619$480$370$188
23 years$948$740$571$437$332$162
24 years$898$693$528$399$298$140
25 years$853$650$489$364$268$121
26 years$812$611$454$333$242$105
27 years$773$575$422$305$218$91
28 years$738$542$392$279$197$79
29 years$705$511$365$256$178$69
30 years$674$483$340$235$160$59
31 years$645$457$317$216$145$52
32 years$618$432$295$198$131$45
33 years$593$409$276$182$119$39
34 years$569$388$258$168$108$34
35 years$547$368$241$154$97$29
36 years$526$349$225$142$88$25
37 years$506$332$211$131$80$22
38 years$487$315$198$121$73$19
39 years$469$300$185$111$66$17
40 years$453$285$174$103$60$15
41 years$437$271$163$95$54$13
42 years$421$258$153$87$49$11
43 years$407$246$143$81$45$10
44 years$393$235$134$75$40$8
45 years$380$224$126$69$37$7
46 years$368$214$119$64$33$6
47 years$356$204$111$59$30$5
48 years$344$195$105$54$27$5
49 years$334$186$98$50$25$4
50 years$323$177$92$46$23$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $331,000, adding $2,606 every year, while hoping to spend $23,978 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: 56/29/15 Blend
50$331,000$331,000$331,000$331,000
51$367,450$349,907$344,777$386,450
52$379,418$341,540$330,814$391,279
53$391,802$331,960$315,580$393,707
54$404,621$321,081$299,007$395,802
55$417,892$308,813$281,024$397,537
56$431,635$295,063$261,556$398,885
57$445,870$279,729$240,527$399,814
58$460,619$262,706$217,854$400,294
59$475,903$243,880$193,454$400,291
60$491,749$223,134$167,238$399,770
61$508,180$200,340$139,113$398,695
62$525,226$175,368$108,984$397,027
63$542,914$148,076$76,750$394,727
64$561,275$118,316$42,306$391,752
65$580,344$85,932$5,542$388,058
66$600,155$50,759$0$383,599
67$620,746$12,621$0$383,719
68$642,158$0$0$384,272
69$664,434$0$0$393,486
70$687,620$0$0$407,273
71$711,767$0$0$421,637
72$736,928$0$0$436,610
73$763,161$0$0$452,227
74$790,529$0$0$468,525
75$819,098$0$0$485,547
76$848,941$0$0$503,336
77$880,137$0$0$521,940
78$912,770$0$0$541,410
79$946,931$0$0$561,802
80$982,719$0$0$583,177
81$1,020,244$0$0$605,601
82$1,059,620$0$0$629,144
83$1,100,975$0$0$653,885
84$1,144,446$0$0$679,907
85$1,190,183$0$0$707,302
86$1,238,349$0$0$736,170
87$1,289,121$0$0$766,620
88$1,342,692$0$0$798,768
89$1,399,273$0$0$832,746
90$1,459,093$0$0$868,693
91$1,522,404$0$0$906,763
92$1,589,479$0$0$947,125
93$1,660,616$0$0$989,962
94$1,736,144$0$0$1,035,474
95$1,816,419$0$0$1,083,881
96$1,901,832$0$0$1,135,424
97$1,992,812$0$0$1,190,365
98$2,089,827$0$0$1,248,992
99$2,193,391$0$0$1,311,622
100$2,304,065$0$0$1,378,600