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%13.8%
1 years$27,334$27,090$26,853$26,621$26,394$25,979
2 years$13,532$13,280$13,035$12,798$12,569$12,151
3 years$8,931$8,678$8,435$8,200$7,974$7,567
4 years$6,632$6,379$6,138$5,908$5,687$5,294
5 years$5,252$5,002$4,764$4,538$4,323$3,946
6 years$4,333$4,084$3,850$3,629$3,421$3,059
7 years$3,677$3,430$3,199$2,983$2,782$2,436
8 years$3,185$2,940$2,713$2,503$2,308$1,978
9 years$2,802$2,560$2,337$2,132$1,944$1,629
10 years$2,496$2,256$2,037$1,838$1,656$1,357
11 years$2,246$2,009$1,794$1,599$1,424$1,140
12 years$2,038$1,803$1,592$1,403$1,234$964
13 years$1,862$1,629$1,422$1,238$1,076$821
14 years$1,711$1,481$1,278$1,099$944$702
15 years$1,581$1,353$1,154$980$831$602
16 years$1,466$1,241$1,046$878$734$519
17 years$1,366$1,143$952$789$651$448
18 years$1,277$1,056$869$711$579$388
19 years$1,197$979$795$642$516$336
20 years$1,125$910$730$582$461$292
21 years$1,060$847$671$528$412$254
22 years$1,001$791$619$480$370$222
23 years$948$740$571$437$332$193
24 years$898$693$528$399$298$169
25 years$853$650$489$364$268$147
26 years$812$611$454$333$242$129
27 years$773$575$422$305$218$113
28 years$738$542$392$279$197$99
29 years$705$511$365$256$178$86
30 years$674$483$340$235$160$76
31 years$645$457$317$216$145$66
32 years$618$432$295$198$131$58
33 years$593$409$276$182$119$51
34 years$569$388$258$168$108$45
35 years$547$368$241$154$97$39
36 years$526$349$225$142$88$34
37 years$506$332$211$131$80$30
38 years$487$315$198$121$73$27
39 years$469$300$185$111$66$23
40 years$453$285$174$103$60$20
41 years$437$271$163$95$54$18
42 years$421$258$153$87$49$16
43 years$407$246$143$81$45$14
44 years$393$235$134$75$40$12
45 years$380$224$126$69$37$11
46 years$368$214$119$64$33$9
47 years$356$204$111$59$30$8
48 years$344$195$105$54$27$7
49 years$334$186$98$50$25$6
50 years$323$177$92$46$23$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $331,000, adding $2,548 every year, while hoping to spend $22,386 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: 72/8/20 Blend
50$331,000$331,000$331,000$331,000
51$367,390$349,847$344,717$391,893
52$381,046$343,171$332,446$401,855
53$395,343$335,418$319,014$409,835
54$410,326$326,511$304,359$418,011
55$426,038$316,369$288,414$426,398
56$442,529$304,906$271,111$435,013
57$459,853$292,033$252,379$443,878
58$478,068$277,652$232,144$453,015
59$497,238$261,664$210,327$462,449
60$517,430$243,959$186,847$472,210
61$538,720$224,426$161,619$482,330
62$561,191$202,943$134,554$492,845
63$584,929$179,385$105,559$503,796
64$610,035$153,617$74,538$515,229
65$636,612$125,498$41,388$527,196
66$664,777$94,878$6,006$539,755
67$694,657$61,600$0$552,969
68$726,390$25,496$0$573,688
69$760,127$0$0$597,024
70$796,034$0$0$623,007
71$834,293$0$0$653,092
72$875,101$0$0$685,192
73$918,677$0$0$719,478
74$965,258$0$0$756,141
75$1,015,107$0$0$795,386
76$1,068,509$0$0$837,441
77$1,125,778$0$0$882,554
78$1,187,260$0$0$931,000
79$1,253,332$0$0$983,077
80$1,324,411$0$0$1,039,116
81$1,400,951$0$0$1,099,477
82$1,483,454$0$0$1,164,557
83$1,572,471$0$0$1,234,793
84$1,668,604$0$0$1,310,664
85$1,772,519$0$0$1,392,696
86$1,884,946$0$0$1,481,469
87$2,006,686$0$0$1,577,617
88$2,138,622$0$0$1,681,842
89$2,281,724$0$0$1,794,912
90$2,437,059$0$0$1,917,672
91$2,605,800$0$0$2,051,055
92$2,789,238$0$0$2,196,082
93$2,988,792$0$0$2,353,881
94$3,206,025$0$0$2,525,689
95$3,442,656$0$0$2,712,871
96$3,700,575$0$0$2,916,927
97$3,981,866$0$0$3,139,507
98$4,288,819$0$0$3,382,431
99$4,623,957$0$0$3,647,697
100$4,990,055$0$0$3,937,508