Can I retire at age 51 with 353,000?

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 $353,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$29,150$28,891$28,637$28,390$28,149$27,820
2 years$14,431$14,162$13,902$13,649$13,404$13,073
3 years$9,525$9,255$8,995$8,745$8,504$8,181
4 years$7,073$6,803$6,546$6,300$6,065$5,753
5 years$5,601$5,334$5,080$4,839$4,611$4,310
6 years$4,621$4,356$4,106$3,870$3,648$3,360
7 years$3,921$3,658$3,412$3,182$2,967$2,690
8 years$3,396$3,135$2,893$2,669$2,461$2,197
9 years$2,988$2,730$2,492$2,273$2,073$1,820
10 years$2,662$2,406$2,173$1,960$1,766$1,525
11 years$2,396$2,142$1,913$1,706$1,519$1,289
12 years$2,173$1,923$1,698$1,496$1,316$1,098
13 years$1,986$1,738$1,517$1,321$1,148$940
14 years$1,825$1,579$1,363$1,172$1,006$809
15 years$1,686$1,443$1,230$1,046$886$700
16 years$1,564$1,324$1,115$936$783$607
17 years$1,457$1,219$1,015$841$694$528
18 years$1,361$1,127$927$758$617$460
19 years$1,276$1,044$848$685$550$402
20 years$1,200$970$778$620$491$352
21 years$1,131$904$716$563$440$308
22 years$1,068$844$660$512$394$271
23 years$1,011$789$609$466$354$238
24 years$958$739$564$425$318$209
25 years$910$694$522$388$286$184
26 years$866$652$484$355$258$163
27 years$825$614$450$325$232$143
28 years$787$578$418$298$210$126
29 years$751$545$389$273$189$112
30 years$719$515$362$251$171$99
31 years$688$487$338$230$155$87
32 years$659$461$315$212$140$77
33 years$632$436$294$195$127$68
34 years$607$414$275$179$115$60
35 years$583$392$257$165$104$53
36 years$561$372$240$152$94$47
37 years$539$354$225$140$85$42
38 years$519$336$211$129$77$37
39 years$501$320$197$119$70$33
40 years$483$304$185$110$64$29
41 years$466$289$174$101$58$26
42 years$449$276$163$93$52$23
43 years$434$263$153$86$48$20
44 years$419$250$143$80$43$18
45 years$405$239$135$73$39$16
46 years$392$228$126$68$36$14
47 years$379$217$119$63$32$12
48 years$367$207$112$58$29$11
49 years$356$198$105$54$27$10
50 years$345$189$99$49$24$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $353,000, adding $4,263 every year, while hoping to spend $23,904 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: 61/9/30 Blend
50$353,000$353,000$353,000$353,000
51$393,403$374,694$369,223$413,969
52$408,097$367,621$356,158$421,415
53$423,488$359,399$341,855$426,612
54$439,622$349,949$326,245$431,789
55$456,550$339,182$309,261$436,951
56$474,325$327,009$290,828$442,103
57$493,007$313,333$270,871$447,252
58$512,658$298,051$249,310$452,405
59$533,348$281,055$226,061$457,575
60$555,154$262,231$201,038$462,774
61$578,157$241,457$174,151$468,018
62$602,447$218,607$145,303$473,326
63$628,123$193,544$114,396$478,721
64$655,290$166,127$81,327$484,228
65$684,066$136,204$45,988$489,879
66$714,578$103,615$8,266$495,710
67$746,966$68,193$0$501,761
68$781,382$29,759$0$518,321
69$817,992$0$0$538,693
70$856,978$0$0$561,509
71$898,542$0$0$588,990
72$942,900$0$0$618,335
73$990,294$0$0$649,705
74$1,040,985$0$0$683,277
75$1,095,261$0$0$719,243
76$1,153,439$0$0$757,816
77$1,215,864$0$0$799,226
78$1,282,917$0$0$843,730
79$1,355,015$0$0$891,608
80$1,432,616$0$0$943,166
81$1,516,223$0$0$998,743
82$1,606,389$0$0$1,058,708
83$1,703,720$0$0$1,123,471
84$1,808,884$0$0$1,193,477
85$1,922,612$0$0$1,269,219
86$2,045,712$0$0$1,351,238
87$2,179,068$0$0$1,440,129
88$2,323,655$0$0$1,536,546
89$2,480,542$0$0$1,641,206
90$2,650,908$0$0$1,754,902
91$2,836,047$0$0$1,878,504
92$3,037,386$0$0$2,012,967
93$3,256,491$0$0$2,159,346
94$3,495,087$0$0$2,318,799
95$3,755,073$0$0$2,492,600
96$4,038,537$0$0$2,682,154
97$4,347,779$0$0$2,889,005
98$4,685,329$0$0$3,114,852
99$5,053,972$0$0$3,361,567
100$5,456,775$0$0$3,631,212