Can I retire at age 51 with 343,000?

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 $343,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$28,325$28,072$27,826$27,586$27,351$26,865
2 years$14,022$13,761$13,508$13,262$13,024$12,536
3 years$9,255$8,993$8,740$8,497$8,263$7,788
4 years$6,872$6,611$6,361$6,122$5,893$5,435
5 years$5,443$5,183$4,936$4,702$4,480$4,040
6 years$4,490$4,232$3,989$3,760$3,545$3,124
7 years$3,810$3,554$3,315$3,092$2,883$2,481
8 years$3,300$3,047$2,811$2,593$2,392$2,008
9 years$2,904$2,653$2,421$2,209$2,014$1,649
10 years$2,587$2,338$2,111$1,904$1,716$1,369
11 years$2,328$2,082$1,859$1,657$1,476$1,147
12 years$2,112$1,868$1,649$1,454$1,279$967
13 years$1,929$1,688$1,474$1,283$1,115$820
14 years$1,773$1,535$1,324$1,139$978$699
15 years$1,638$1,402$1,195$1,016$861$598
16 years$1,520$1,286$1,084$910$761$513
17 years$1,415$1,185$986$817$675$442
18 years$1,323$1,095$900$737$600$381
19 years$1,240$1,014$824$666$535$329
20 years$1,166$943$756$603$478$285
21 years$1,099$878$696$547$427$247
22 years$1,038$820$641$497$383$214
23 years$982$767$592$453$344$186
24 years$931$718$548$413$309$162
25 years$884$674$507$377$278$141
26 years$841$634$470$345$251$123
27 years$801$596$437$316$226$107
28 years$764$562$406$289$204$93
29 years$730$530$378$265$184$81
30 years$698$501$352$244$166$71
31 years$668$473$328$224$150$62
32 years$640$448$306$206$136$54
33 years$614$424$286$189$123$47
34 years$590$402$267$174$111$41
35 years$567$381$250$160$101$36
36 years$545$362$234$147$91$32
37 years$524$344$219$136$83$28
38 years$505$327$205$125$75$24
39 years$486$311$192$115$68$21
40 years$469$295$180$106$62$18
41 years$452$281$169$98$56$16
42 years$437$268$158$91$51$14
43 years$422$255$148$84$46$12
44 years$408$243$139$77$42$11
45 years$394$232$131$71$38$9
46 years$381$221$123$66$35$8
47 years$369$211$115$61$31$7
48 years$357$202$108$56$28$6
49 years$346$192$102$52$26$6
50 years$335$184$96$48$23$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $343,000, adding $3,009 every year, while hoping to spend $25,631 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: 55/20/25 Blend
50$343,000$343,000$343,000$343,000
51$381,090$362,911$357,594$399,280
52$392,690$353,422$342,303$402,625
53$404,614$342,610$325,639$403,342
54$416,868$330,381$307,532$403,592
55$429,458$316,640$287,904$403,336
56$442,390$301,282$266,676$402,537
57$455,668$284,199$243,764$401,153
58$469,297$265,276$219,081$399,141
59$483,282$244,391$192,537$396,454
60$497,626$221,415$164,036$393,043
61$512,332$196,213$133,479$388,855
62$527,403$168,640$100,763$383,836
63$542,839$138,544$65,780$377,926
64$558,641$105,766$28,416$371,063
65$574,809$70,135$0$363,180
66$591,341$31,472$0$357,264
67$608,232$0$0$358,471
68$625,479$0$0$361,459
69$643,073$0$0$371,567
70$661,007$0$0$381,863
71$679,269$0$0$392,341
72$697,845$0$0$402,989
73$716,719$0$0$413,799
74$735,869$0$0$424,758
75$755,274$0$0$435,850
76$774,905$0$0$447,057
77$794,730$0$0$458,361
78$814,712$0$0$469,737
79$834,807$0$0$481,159
80$854,968$0$0$492,597
81$875,139$0$0$504,016
82$895,255$0$0$515,376
83$915,244$0$0$526,634
84$935,026$0$0$537,739
85$954,508$0$0$548,634
86$973,586$0$0$559,256
87$992,145$0$0$569,533
88$1,010,053$0$0$579,385
89$1,027,164$0$0$588,723
90$1,043,314$0$0$597,445
91$1,058,320$0$0$605,441
92$1,071,977$0$0$612,584
93$1,084,057$0$0$618,735
94$1,094,305$0$0$623,740
95$1,102,438$0$0$627,425
96$1,108,141$0$0$629,597
97$1,111,064$0$0$630,044
98$1,110,816$0$0$628,528
99$1,106,965$0$0$624,784
100$1,099,030$0$0$618,522