Can I retire at age 51 with 346,000?

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 $346,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$28,572$28,318$28,070$27,827$27,591$26,559
2 years$14,145$13,881$13,626$13,378$13,138$12,111
3 years$9,336$9,072$8,817$8,572$8,336$7,344
4 years$6,932$6,669$6,416$6,175$5,945$4,998
5 years$5,490$5,228$4,979$4,743$4,519$3,618
6 years$4,529$4,269$4,024$3,793$3,576$2,722
7 years$3,843$3,585$3,344$3,119$2,908$2,101
8 years$3,329$3,073$2,836$2,616$2,413$1,652
9 years$2,929$2,676$2,443$2,228$2,032$1,316
10 years$2,609$2,359$2,130$1,921$1,731$1,059
11 years$2,348$2,100$1,875$1,672$1,489$859
12 years$2,130$1,885$1,664$1,466$1,290$701
13 years$1,946$1,703$1,487$1,295$1,125$575
14 years$1,789$1,548$1,336$1,149$986$473
15 years$1,652$1,414$1,206$1,025$868$391
16 years$1,533$1,298$1,093$918$767$324
17 years$1,428$1,195$995$825$680$269
18 years$1,334$1,104$908$743$605$223
19 years$1,251$1,023$831$671$539$186
20 years$1,176$951$763$608$482$155
21 years$1,108$886$702$552$431$129
22 years$1,047$827$647$502$386$108
23 years$991$773$597$457$347$90
24 years$939$725$552$417$312$75
25 years$892$680$512$381$281$63
26 years$849$639$474$348$253$53
27 years$808$601$441$319$228$44
28 years$771$567$410$292$206$37
29 years$737$535$381$268$186$31
30 years$704$505$355$246$168$26
31 years$674$477$331$226$152$22
32 years$646$452$309$207$137$18
33 years$620$428$288$191$124$15
34 years$595$405$269$175$112$13
35 years$572$384$252$161$102$11
36 years$550$365$236$149$92$9
37 years$529$347$221$137$84$7
38 years$509$329$207$126$76$6
39 years$491$313$194$116$69$5
40 years$473$298$181$107$62$4
41 years$456$284$170$99$57$4
42 years$441$270$160$91$51$3
43 years$425$257$150$84$47$3
44 years$411$245$141$78$42$2
45 years$397$234$132$72$38$2
46 years$384$223$124$67$35$2
47 years$372$213$116$61$32$1
48 years$360$203$109$57$29$1
49 years$349$194$103$52$26$1
50 years$338$185$97$48$24$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $346,000, adding $6,456 every year, while hoping to spend $21,215 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: 65/30/5 Blend
50$346,000$346,000$346,000$346,000
51$387,951$369,613$364,250$412,479
52$404,950$365,152$353,880$425,132
53$422,971$359,761$342,452$435,812
54$442,097$353,372$329,907$446,914
55$462,417$345,913$316,185$458,476
56$484,030$337,309$301,223$470,540
57$507,042$327,478$284,955$483,156
58$531,571$316,336$267,312$496,376
59$557,746$303,790$248,221$510,262
60$585,707$289,747$227,607$524,878
61$615,608$274,104$205,392$540,302
62$647,620$256,755$181,492$556,614
63$681,927$237,586$155,822$573,910
64$718,734$216,478$128,292$592,292
65$758,263$193,303$98,808$611,875
66$800,760$167,929$67,272$632,789
67$846,494$140,214$33,583$655,176
68$895,761$110,009$0$679,196
69$948,885$77,156$0$705,153
70$1,006,223$41,489$0$735,037
71$1,068,166$2,831$0$767,280
72$1,135,147$0$0$802,132
73$1,207,637$0$0$852,748
74$1,286,157$0$0$908,605
75$1,371,280$0$0$969,179
76$1,463,634$0$0$1,034,921
77$1,563,912$0$0$1,106,325
78$1,672,874$0$0$1,183,937
79$1,791,358$0$0$1,268,355
80$1,920,284$0$0$1,360,238
81$2,060,666$0$0$1,460,313
82$2,213,619$0$0$1,569,378
83$2,380,371$0$0$1,688,311
84$2,562,272$0$0$1,818,079
85$2,760,808$0$0$1,959,746
86$2,977,616$0$0$2,114,485
87$3,214,498$0$0$2,283,584
88$3,473,437$0$0$2,468,464
89$3,756,615$0$0$2,670,689
90$4,066,438$0$0$2,891,979
91$4,405,552$0$0$3,134,231
92$4,776,872$0$0$3,399,532
93$5,183,609$0$0$3,690,180
94$5,629,296$0$0$4,008,706
95$6,117,828$0$0$4,357,900
96$6,653,492$0$0$4,740,831
97$7,241,011$0$0$5,160,881
98$7,885,586$0$0$5,621,775
99$8,592,946$0$0$6,127,617
100$9,369,403$0$0$6,682,926