Can I retire at age 51 with 338,000?

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 $338,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$27,912$27,663$27,421$27,184$26,953$26,376
2 years$13,818$13,560$13,311$13,069$12,835$12,257
3 years$9,120$8,862$8,613$8,374$8,143$7,581
4 years$6,772$6,514$6,268$6,033$5,807$5,267
5 years$5,363$5,107$4,864$4,634$4,415$3,897
6 years$4,425$4,171$3,931$3,706$3,493$2,998
7 years$3,754$3,502$3,267$3,047$2,841$2,369
8 years$3,252$3,002$2,770$2,556$2,357$1,907
9 years$2,861$2,614$2,386$2,177$1,985$1,558
10 years$2,549$2,304$2,080$1,876$1,691$1,286
11 years$2,294$2,051$1,831$1,633$1,454$1,071
12 years$2,081$1,841$1,625$1,432$1,260$898
13 years$1,901$1,664$1,452$1,265$1,099$757
14 years$1,747$1,512$1,305$1,123$963$641
15 years$1,614$1,382$1,178$1,001$848$545
16 years$1,497$1,268$1,068$896$750$465
17 years$1,395$1,167$972$805$665$398
18 years$1,304$1,079$887$726$591$341
19 years$1,222$1,000$812$656$527$292
20 years$1,149$929$745$594$471$251
21 years$1,083$865$686$539$421$216
22 years$1,022$808$632$490$377$187
23 years$968$755$583$446$339$161
24 years$917$708$540$407$305$139
25 years$871$664$500$372$274$120
26 years$829$624$464$340$247$104
27 years$790$588$430$311$223$90
28 years$753$554$400$285$201$78
29 years$720$522$372$261$181$67
30 years$688$493$347$240$164$58
31 years$659$466$323$220$148$51
32 years$631$441$302$203$134$44
33 years$605$418$282$186$121$38
34 years$581$396$263$171$110$33
35 years$558$376$246$158$99$29
36 years$537$356$230$145$90$25
37 years$517$339$215$134$82$21
38 years$497$322$202$123$74$19
39 years$479$306$189$114$67$16
40 years$462$291$177$105$61$14
41 years$446$277$166$97$55$12
42 years$430$264$156$89$50$11
43 years$416$251$146$82$45$9
44 years$402$240$137$76$41$8
45 years$388$229$129$70$37$7
46 years$376$218$121$65$34$6
47 years$363$208$114$60$31$5
48 years$352$199$107$55$28$5
49 years$341$190$100$51$25$4
50 years$330$181$94$47$23$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $338,000, adding $5,033 every year, while hoping to spend $20,752 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: 61/11/28 Blend
50$338,000$338,000$338,000$338,000
51$377,668$359,754$354,515$397,577
52$394,110$355,301$344,311$407,263
53$411,533$349,936$333,070$415,157
54$430,017$343,590$320,735$423,336
55$449,646$336,193$307,246$431,831
56$470,513$327,670$292,543$440,679
57$492,722$317,942$276,559$449,921
58$516,384$306,925$259,228$459,603
59$541,621$294,531$240,479$469,776
60$568,569$280,665$220,237$480,500
61$597,374$265,229$198,426$491,839
62$628,197$248,116$174,964$503,866
63$661,216$229,217$149,769$516,663
64$696,625$208,413$122,751$530,322
65$734,636$185,581$93,818$544,945
66$775,484$160,589$62,876$560,645
67$819,424$133,299$29,823$577,552
68$866,739$103,564$0$595,806
69$917,737$71,230$0$617,195
70$972,759$36,133$0$649,882
71$1,032,178$0$0$685,178
72$1,096,403$0$0$723,567
73$1,165,887$0$0$769,851
74$1,241,123$0$0$819,989
75$1,322,658$0$0$874,347
76$1,411,089$0$0$933,327
77$1,507,077$0$0$997,372
78$1,611,345$0$0$1,066,969
79$1,724,691$0$0$1,142,651
80$1,847,991$0$0$1,225,009
81$1,982,210$0$0$1,314,691
82$2,128,410$0$0$1,412,409
83$2,287,759$0$0$1,518,949
84$2,461,543$0$0$1,635,173
85$2,651,175$0$0$1,762,033
86$2,858,215$0$0$1,900,575
87$3,084,377$0$0$2,051,951
88$3,331,547$0$0$2,217,429
89$3,601,805$0$0$2,398,405
90$3,897,438$0$0$2,596,417
91$4,220,965$0$0$2,813,158
92$4,575,161$0$0$3,050,491
93$4,963,080$0$0$3,310,470
94$5,388,086$0$0$3,595,354
95$5,853,884$0$0$3,907,634
96$6,364,554$0$0$4,250,052
97$6,924,590$0$0$4,625,627
98$7,538,942$0$0$5,037,686
99$8,213,060$0$0$5,489,893
100$8,952,952$0$0$5,986,283