Can I retire at age 51 with 343,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%17.7%
1 years$28,325$28,072$27,826$27,586$27,351$26,497
2 years$14,022$13,761$13,508$13,262$13,024$12,171
3 years$9,255$8,993$8,740$8,497$8,263$7,438
4 years$6,872$6,611$6,361$6,122$5,893$5,103
5 years$5,443$5,183$4,936$4,702$4,480$3,726
6 years$4,490$4,232$3,989$3,760$3,545$2,828
7 years$3,810$3,554$3,315$3,092$2,883$2,203
8 years$3,300$3,047$2,811$2,593$2,392$1,748
9 years$2,904$2,653$2,421$2,209$2,014$1,406
10 years$2,587$2,338$2,111$1,904$1,716$1,143
11 years$2,328$2,082$1,859$1,657$1,476$937
12 years$2,112$1,868$1,649$1,454$1,279$773
13 years$1,929$1,688$1,474$1,283$1,115$641
14 years$1,773$1,535$1,324$1,139$978$533
15 years$1,638$1,402$1,195$1,016$861$446
16 years$1,520$1,286$1,084$910$761$373
17 years$1,415$1,185$986$817$675$313
18 years$1,323$1,095$900$737$600$264
19 years$1,240$1,014$824$666$535$222
20 years$1,166$943$756$603$478$187
21 years$1,099$878$696$547$427$158
22 years$1,038$820$641$497$383$134
23 years$982$767$592$453$344$113
24 years$931$718$548$413$309$96
25 years$884$674$507$377$278$81
26 years$841$634$470$345$251$69
27 years$801$596$437$316$226$58
28 years$764$562$406$289$204$49
29 years$730$530$378$265$184$42
30 years$698$501$352$244$166$36
31 years$668$473$328$224$150$30
32 years$640$448$306$206$136$26
33 years$614$424$286$189$123$22
34 years$590$402$267$174$111$18
35 years$567$381$250$160$101$16
36 years$545$362$234$147$91$13
37 years$524$344$219$136$83$11
38 years$505$327$205$125$75$10
39 years$486$311$192$115$68$8
40 years$469$295$180$106$62$7
41 years$452$281$169$98$56$6
42 years$437$268$158$91$51$5
43 years$422$255$148$84$46$4
44 years$408$243$139$77$42$4
45 years$394$232$131$71$38$3
46 years$381$221$123$66$35$3
47 years$369$211$115$61$31$2
48 years$357$202$108$56$28$2
49 years$346$192$102$52$26$2
50 years$335$184$96$48$23$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $343,000, adding $2,244 every year, while hoping to spend $26,391 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: 21/50/29 Blend
50$343,000$343,000$343,000$343,000
51$380,301$362,122$356,805$384,753
52$391,012$351,786$340,678$378,668
53$401,930$340,059$323,127$369,833
54$413,051$326,845$304,075$359,816
55$424,364$312,043$283,443$348,540
56$435,860$295,544$261,150$335,919
57$447,528$277,236$237,109$321,867
58$459,353$256,998$211,229$306,289
59$471,319$234,702$183,417$289,088
60$483,406$210,216$153,574$270,159
61$495,593$183,395$121,598$249,391
62$507,854$154,092$87,382$226,668
63$520,158$122,146$50,813$201,867
64$532,474$87,391$11,775$174,857
65$544,763$49,649$0$145,500
66$556,981$8,734$0$122,898
67$569,080$0$0$102,137
68$581,005$0$0$99,008
69$592,693$0$0$100,597
70$604,075$0$0$102,079
71$615,073$0$0$103,436
72$625,597$0$0$104,646
73$635,550$0$0$105,685
74$644,822$0$0$106,527
75$653,290$0$0$107,141
76$660,816$0$0$107,496
77$667,248$0$0$107,553
78$672,415$0$0$107,273
79$676,129$0$0$106,610
80$678,177$0$0$105,513
81$678,327$0$0$103,928
82$676,318$0$0$101,792
83$671,861$0$0$99,037
84$664,636$0$0$95,586
85$654,288$0$0$91,358
86$640,423$0$0$86,257
87$622,605$0$0$80,182
88$600,350$0$0$73,019
89$573,124$0$0$64,642
90$540,334$0$0$54,912
91$501,325$0$0$43,676
92$455,373$0$0$30,763
93$401,675$0$0$15,986
94$339,345$0$0$0
95$267,404$0$0$0
96$184,769$0$0$0
97$90,242$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0