Can I retire at age 51 with 357,000?

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 $357,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$29,481$29,218$28,962$28,712$28,468$28,253
2 years$14,594$14,323$14,059$13,804$13,556$13,339
3 years$9,633$9,360$9,097$8,844$8,601$8,389
4 years$7,153$6,881$6,620$6,372$6,134$5,929
5 years$5,665$5,394$5,138$4,894$4,663$4,465
6 years$4,673$4,405$4,152$3,914$3,690$3,499
7 years$3,966$3,699$3,450$3,218$3,001$2,818
8 years$3,435$3,171$2,926$2,699$2,489$2,314
9 years$3,022$2,761$2,520$2,299$2,096$1,928
10 years$2,692$2,434$2,197$1,982$1,786$1,626
11 years$2,423$2,166$1,934$1,725$1,536$1,383
12 years$2,198$1,945$1,717$1,513$1,331$1,185
13 years$2,008$1,757$1,534$1,336$1,161$1,022
14 years$1,846$1,597$1,378$1,186$1,018$885
15 years$1,705$1,459$1,244$1,057$896$770
16 years$1,582$1,339$1,128$947$792$672
17 years$1,473$1,233$1,027$851$702$589
18 years$1,377$1,139$937$767$624$517
19 years$1,291$1,056$858$693$556$455
20 years$1,213$981$787$627$497$401
21 years$1,143$914$724$569$445$354
22 years$1,080$853$667$518$399$314
23 years$1,022$798$616$472$358$278
24 years$969$748$570$430$322$246
25 years$920$702$528$393$289$219
26 years$876$659$490$359$261$194
27 years$834$621$455$329$235$173
28 years$796$585$423$301$212$154
29 years$760$552$393$276$192$137
30 years$727$521$366$253$173$122
31 years$696$492$342$233$156$108
32 years$667$466$319$214$142$97
33 years$639$441$298$197$128$86
34 years$614$418$278$181$116$77
35 years$590$397$260$167$105$69
36 years$567$377$243$153$95$61
37 years$546$358$228$141$86$55
38 years$525$340$213$130$78$49
39 years$506$323$200$120$71$44
40 years$488$307$187$111$64$39
41 years$471$293$175$102$58$35
42 years$455$279$165$94$53$31
43 years$439$266$154$87$48$28
44 years$424$253$145$80$44$25
45 years$410$241$136$74$40$22
46 years$397$230$128$69$36$20
47 years$384$220$120$63$33$18
48 years$372$210$113$59$30$16
49 years$360$200$106$54$27$14
50 years$349$191$100$50$24$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $357,000, adding $3,146 every year, while hoping to spend $22,344 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: 51/21/28 Blend
50$357,000$357,000$357,000$357,000
51$396,659$377,738$372,205$413,618
52$413,344$372,473$360,900$420,502
53$430,983$366,202$348,467$425,489
54$449,648$358,851$334,845$430,473
55$469,420$350,342$319,971$435,464
56$490,387$340,595$303,776$440,473
57$512,645$329,523$286,191$445,515
58$536,298$317,033$267,142$450,608
59$561,463$303,030$246,553$455,773
60$588,263$287,409$224,344$461,034
61$616,838$270,064$200,431$466,421
62$647,337$250,879$174,727$471,969
63$679,926$229,732$147,141$477,716
64$714,785$206,496$117,577$483,710
65$752,114$181,035$85,937$490,002
66$792,129$153,205$52,115$496,654
67$835,070$122,856$16,005$503,735
68$881,198$89,828$0$511,325
69$930,802$53,950$0$526,246
70$984,196$15,046$0$547,408
71$1,041,727$0$0$570,178
72$1,103,777$0$0$600,984
73$1,170,764$0$0$638,021
74$1,243,147$0$0$678,073
75$1,321,431$0$0$721,421
76$1,406,172$0$0$768,378
77$1,497,980$0$0$819,286
78$1,597,526$0$0$874,520
79$1,705,549$0$0$934,497
80$1,822,860$0$0$999,670
81$1,950,352$0$0$1,070,542
82$2,089,008$0$0$1,147,663
83$2,239,907$0$0$1,231,640
84$2,404,240$0$0$1,323,140
85$2,583,314$0$0$1,422,898
86$2,778,570$0$0$1,531,723
87$2,991,592$0$0$1,650,505
88$3,224,126$0$0$1,780,222
89$3,478,090$0$0$1,921,953
90$3,755,600$0$0$2,076,886
91$4,058,982$0$0$2,246,327
92$4,390,798$0$0$2,431,715
93$4,753,871$0$0$2,634,635
94$5,151,306$0$0$2,856,832
95$5,586,525$0$0$3,100,227
96$6,063,294$0$0$3,366,936
97$6,585,763$0$0$3,659,290
98$7,158,500$0$0$3,979,855
99$7,786,537$0$0$4,331,458
100$8,475,416$0$0$4,717,213