Can I retire at age 51 with 354,000?

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 $354,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$29,233$28,973$28,719$28,471$28,228$27,119
2 years$14,472$14,202$13,941$13,688$13,442$12,338
3 years$9,552$9,281$9,021$8,770$8,528$7,464
4 years$7,093$6,823$6,565$6,318$6,082$5,067
5 years$5,617$5,349$5,095$4,853$4,624$3,659
6 years$4,634$4,368$4,117$3,881$3,659$2,745
7 years$3,932$3,668$3,421$3,191$2,975$2,113
8 years$3,406$3,144$2,902$2,677$2,468$1,656
9 years$2,997$2,738$2,499$2,280$2,079$1,315
10 years$2,670$2,413$2,179$1,965$1,771$1,055
11 years$2,402$2,148$1,918$1,710$1,523$853
12 years$2,180$1,928$1,702$1,500$1,320$694
13 years$1,991$1,743$1,521$1,325$1,151$567
14 years$1,830$1,584$1,367$1,176$1,009$465
15 years$1,690$1,447$1,234$1,049$888$383
16 years$1,568$1,328$1,119$939$785$316
17 years$1,461$1,223$1,018$844$696$261
18 years$1,365$1,130$929$760$619$216
19 years$1,280$1,047$851$687$552$179
20 years$1,203$973$781$622$493$149
21 years$1,134$906$718$565$441$124
22 years$1,071$846$662$513$395$103
23 years$1,013$791$611$468$355$86
24 years$961$741$565$426$319$71
25 years$913$696$523$389$287$59
26 years$868$654$485$356$259$49
27 years$827$615$451$326$233$41
28 years$789$580$419$299$210$34
29 years$754$547$390$274$190$29
30 years$721$517$363$251$172$24
31 years$690$488$339$231$155$20
32 years$661$462$316$212$140$17
33 years$634$438$295$195$127$14
34 years$609$415$276$179$115$12
35 years$585$393$258$165$104$10
36 years$562$373$241$152$94$8
37 years$541$355$226$140$86$7
38 years$521$337$211$129$78$6
39 years$502$320$198$119$70$5
40 years$484$305$186$110$64$4
41 years$467$290$174$101$58$3
42 years$451$276$163$94$53$3
43 years$435$263$153$86$48$2
44 years$421$251$144$80$43$2
45 years$407$239$135$74$39$2
46 years$393$228$127$68$36$1
47 years$381$218$119$63$32$1
48 years$368$208$112$58$29$1
49 years$357$199$105$54$27$1
50 years$346$190$99$50$24$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $354,000, adding $5,971 every year, while hoping to spend $22,406 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: 33/46/21 Blend
50$354,000$354,000$354,000$354,000
51$396,267$377,505$372,018$406,619
52$412,847$372,163$360,641$409,499
53$430,366$365,808$348,132$410,136
54$448,898$358,367$334,429$410,360
55$468,521$349,763$319,468$410,147
56$489,322$339,913$303,181$409,476
57$511,394$328,730$285,499$408,323
58$534,841$316,122$266,348$406,664
59$559,774$301,992$245,650$404,478
60$586,318$286,236$223,326$401,743
61$614,607$268,746$199,292$398,435
62$644,788$249,407$173,460$394,535
63$677,024$228,095$145,738$390,022
64$711,492$204,683$116,032$384,879
65$748,386$179,034$84,241$379,089
66$787,919$151,005$50,261$372,636
67$830,326$120,443$13,983$365,510
68$875,862$87,188$0$357,702
69$924,809$51,069$0$354,747
70$977,477$11,909$0$354,808
71$1,034,205$0$0$354,780
72$1,095,365$0$0$370,132
73$1,161,366$0$0$393,246
74$1,232,660$0$0$418,256
75$1,309,740$0$0$445,341
76$1,393,150$0$0$474,699
77$1,483,486$0$0$506,545
78$1,581,407$0$0$541,117
79$1,687,633$0$0$578,677
80$1,802,959$0$0$619,512
81$1,928,259$0$0$663,940
82$2,064,494$0$0$712,309
83$2,212,721$0$0$765,001
84$2,374,102$0$0$822,439
85$2,549,919$0$0$885,088
86$2,741,579$0$0$953,457
87$2,950,633$0$0$1,028,110
88$3,178,787$0$0$1,109,665
89$3,427,919$0$0$1,198,805
90$3,700,097$0$0$1,296,280
91$3,997,596$0$0$1,402,916
92$4,322,924$0$0$1,519,622
93$4,678,838$0$0$1,647,402
94$5,068,377$0$0$1,787,358
95$5,494,887$0$0$1,940,704
96$5,962,051$0$0$2,108,780
97$6,473,926$0$0$2,293,058
98$7,034,981$0$0$2,495,161
99$7,650,135$0$0$2,716,878
100$8,324,810$0$0$2,960,178