Can I retire at age 51 with 337,000?

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 $337,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$27,829$27,581$27,339$27,103$26,873$26,363
2 years$13,777$13,520$13,272$13,030$12,797$12,285
3 years$9,093$8,836$8,588$8,349$8,119$7,621
4 years$6,752$6,495$6,250$6,015$5,790$5,310
5 years$5,348$5,092$4,850$4,620$4,402$3,941
6 years$4,412$4,158$3,919$3,695$3,483$3,042
7 years$3,743$3,492$3,257$3,038$2,833$2,412
8 years$3,242$2,993$2,762$2,548$2,350$1,949
9 years$2,853$2,606$2,379$2,170$1,979$1,598
10 years$2,542$2,297$2,074$1,871$1,686$1,324
11 years$2,287$2,045$1,826$1,628$1,450$1,107
12 years$2,075$1,836$1,621$1,428$1,257$932
13 years$1,896$1,659$1,448$1,261$1,096$789
14 years$1,742$1,508$1,301$1,119$961$671
15 years$1,609$1,377$1,175$998$846$573
16 years$1,493$1,264$1,065$894$748$490
17 years$1,391$1,164$969$803$663$421
18 years$1,300$1,075$885$724$589$362
19 years$1,218$997$810$654$525$312
20 years$1,145$926$743$592$469$270
21 years$1,079$863$684$538$420$233
22 years$1,019$805$630$489$376$202
23 years$965$753$582$445$338$175
24 years$915$706$538$406$304$152
25 years$869$662$498$371$273$132
26 years$827$622$462$339$246$115
27 years$787$586$429$310$222$100
28 years$751$552$399$284$200$87
29 years$717$521$371$261$181$75
30 years$686$492$346$239$163$66
31 years$657$465$322$220$148$57
32 years$629$440$301$202$134$50
33 years$604$417$281$186$121$43
34 years$579$395$262$171$109$38
35 years$557$374$245$157$99$33
36 years$535$355$230$145$90$29
37 years$515$338$215$133$81$25
38 years$496$321$201$123$74$22
39 years$478$305$188$113$67$19
40 years$461$290$177$105$61$17
41 years$444$276$166$97$55$14
42 years$429$263$155$89$50$13
43 years$414$251$146$82$45$11
44 years$400$239$137$76$41$10
45 years$387$228$129$70$37$8
46 years$374$217$121$65$34$7
47 years$362$207$113$60$31$6
48 years$351$198$107$55$28$6
49 years$340$189$100$51$25$5
50 years$329$181$94$47$23$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $337,000, adding $3,100 every year, while hoping to spend $24,421 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: 48/42/10 Blend
50$337,000$337,000$337,000$337,000
51$374,572$356,711$351,487$391,386
52$386,794$348,206$337,278$394,763
53$399,445$338,466$321,775$395,621
54$412,542$327,404$304,908$395,993
55$426,104$314,929$286,605$395,843
56$440,151$300,945$266,790$395,129
57$454,704$285,349$245,386$393,811
58$469,785$268,033$222,308$391,845
59$485,420$248,883$197,471$389,182
60$501,632$227,777$170,786$385,775
61$518,448$204,589$142,157$381,572
62$535,898$179,181$111,488$376,517
63$554,012$151,413$78,674$370,555
64$572,821$121,133$43,611$363,624
65$592,362$88,182$6,185$355,661
66$612,672$52,391$0$346,600
67$633,789$13,583$0$339,973
68$655,757$0$0$333,044
69$678,621$0$0$338,227
70$702,431$0$0$350,168
71$727,239$0$0$362,617
72$753,102$0$0$375,602
73$780,081$0$0$389,156
74$808,242$0$0$403,313
75$837,656$0$0$418,109
76$868,399$0$0$433,584
77$900,556$0$0$449,782
78$934,216$0$0$466,750
79$969,475$0$0$484,537
80$1,006,441$0$0$503,199
81$1,045,226$0$0$522,796
82$1,085,955$0$0$543,393
83$1,128,763$0$0$565,059
84$1,173,797$0$0$587,872
85$1,221,216$0$0$611,915
86$1,271,195$0$0$637,278
87$1,323,921$0$0$664,062
88$1,379,602$0$0$692,373
89$1,438,463$0$0$722,331
90$1,500,750$0$0$754,063
91$1,566,729$0$0$787,711
92$1,636,696$0$0$823,428
93$1,710,968$0$0$861,382
94$1,789,898$0$0$901,758
95$1,873,867$0$0$944,756
96$1,963,295$0$0$990,597
97$2,058,641$0$0$1,039,522
98$2,160,407$0$0$1,091,796
99$2,269,145$0$0$1,147,708
100$2,385,458$0$0$1,207,577