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%14.1%
1 years$28,325$28,072$27,826$27,586$27,351$26,887
2 years$14,022$13,761$13,508$13,262$13,024$12,558
3 years$9,255$8,993$8,740$8,497$8,263$7,809
4 years$6,872$6,611$6,361$6,122$5,893$5,456
5 years$5,443$5,183$4,936$4,702$4,480$4,060
6 years$4,490$4,232$3,989$3,760$3,545$3,142
7 years$3,810$3,554$3,315$3,092$2,883$2,498
8 years$3,300$3,047$2,811$2,593$2,392$2,024
9 years$2,904$2,653$2,421$2,209$2,014$1,664
10 years$2,587$2,338$2,111$1,904$1,716$1,384
11 years$2,328$2,082$1,859$1,657$1,476$1,160
12 years$2,112$1,868$1,649$1,454$1,279$980
13 years$1,929$1,688$1,474$1,283$1,115$832
14 years$1,773$1,535$1,324$1,139$978$710
15 years$1,638$1,402$1,195$1,016$861$608
16 years$1,520$1,286$1,084$910$761$523
17 years$1,415$1,185$986$817$675$450
18 years$1,323$1,095$900$737$600$389
19 years$1,240$1,014$824$666$535$337
20 years$1,166$943$756$603$478$292
21 years$1,099$878$696$547$427$253
22 years$1,038$820$641$497$383$220
23 years$982$767$592$453$344$192
24 years$931$718$548$413$309$167
25 years$884$674$507$377$278$146
26 years$841$634$470$345$251$127
27 years$801$596$437$316$226$111
28 years$764$562$406$289$204$97
29 years$730$530$378$265$184$85
30 years$698$501$352$244$166$74
31 years$668$473$328$224$150$65
32 years$640$448$306$206$136$56
33 years$614$424$286$189$123$49
34 years$590$402$267$174$111$43
35 years$567$381$250$160$101$38
36 years$545$362$234$147$91$33
37 years$524$344$219$136$83$29
38 years$505$327$205$125$75$25
39 years$486$311$192$115$68$22
40 years$469$295$180$106$62$19
41 years$452$281$169$98$56$17
42 years$437$268$158$91$51$15
43 years$422$255$148$84$46$13
44 years$408$243$139$77$42$11
45 years$394$232$131$71$38$10
46 years$381$221$123$66$35$9
47 years$369$211$115$61$31$8
48 years$357$202$108$56$28$7
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 $6,922 every year, while hoping to spend $23,035 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: 64/18/18 Blend
50$343,000$343,000$343,000$343,000
51$385,126$366,947$361,631$407,611
52$399,900$360,418$349,236$417,028
53$415,409$352,798$335,654$424,062
54$431,703$344,007$320,821$431,199
55$448,838$333,965$304,670$438,449
56$466,873$322,583$287,130$445,824
57$485,874$309,769$268,129$453,341
58$505,911$295,426$247,589$461,016
59$527,062$279,450$225,432$468,869
60$549,412$261,733$201,573$476,925
61$573,051$242,157$175,925$485,209
62$598,081$220,602$148,398$493,753
63$624,612$196,938$118,896$502,593
64$652,763$171,028$87,319$511,767
65$682,665$142,729$53,564$521,324
66$714,461$111,887$17,524$531,314
67$748,310$78,343$0$541,797
68$784,381$41,925$0$556,861
69$822,863$2,455$0$576,415
70$863,963$0$0$597,198
71$907,905$0$0$627,306
72$954,938$0$0$660,067
73$1,005,333$0$0$695,187
74$1,059,387$0$0$732,874
75$1,117,428$0$0$773,358
76$1,179,812$0$0$816,893
77$1,246,936$0$0$863,754
78$1,319,229$0$0$914,247
79$1,397,167$0$0$968,706
80$1,481,271$0$0$1,027,497
81$1,572,113$0$0$1,091,024
82$1,670,324$0$0$1,159,731
83$1,776,595$0$0$1,234,105
84$1,891,686$0$0$1,314,681
85$2,016,434$0$0$1,402,050
86$2,151,758$0$0$1,496,857
87$2,298,668$0$0$1,599,817
88$2,458,278$0$0$1,711,713
89$2,631,810$0$0$1,833,407
90$2,820,609$0$0$1,965,846
91$3,026,158$0$0$2,110,076
92$3,250,084$0$0$2,267,245
93$3,494,182$0$0$2,438,615
94$3,760,425$0$0$2,625,579
95$4,050,983$0$0$2,829,667
96$4,368,250$0$0$3,052,565
97$4,714,855$0$0$3,296,129
98$5,093,697$0$0$3,562,400
99$5,507,966$0$0$3,853,628
100$5,961,173$0$0$4,172,288