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%17.3%
1 years$29,481$29,218$28,962$28,712$28,468$27,623
2 years$14,594$14,323$14,059$13,804$13,556$12,712
3 years$9,633$9,360$9,097$8,844$8,601$7,783
4 years$7,153$6,881$6,620$6,372$6,134$5,350
5 years$5,665$5,394$5,138$4,894$4,663$3,915
6 years$4,673$4,405$4,152$3,914$3,690$2,978
7 years$3,966$3,699$3,450$3,218$3,001$2,325
8 years$3,435$3,171$2,926$2,699$2,489$1,849
9 years$3,022$2,761$2,520$2,299$2,096$1,491
10 years$2,692$2,434$2,197$1,982$1,786$1,215
11 years$2,423$2,166$1,934$1,725$1,536$999
12 years$2,198$1,945$1,717$1,513$1,331$826
13 years$2,008$1,757$1,534$1,336$1,161$687
14 years$1,846$1,597$1,378$1,186$1,018$573
15 years$1,705$1,459$1,244$1,057$896$480
16 years$1,582$1,339$1,128$947$792$403
17 years$1,473$1,233$1,027$851$702$340
18 years$1,377$1,139$937$767$624$287
19 years$1,291$1,056$858$693$556$242
20 years$1,213$981$787$627$497$205
21 years$1,143$914$724$569$445$174
22 years$1,080$853$667$518$399$147
23 years$1,022$798$616$472$358$125
24 years$969$748$570$430$322$106
25 years$920$702$528$393$289$90
26 years$876$659$490$359$261$77
27 years$834$621$455$329$235$65
28 years$796$585$423$301$212$55
29 years$760$552$393$276$192$47
30 years$727$521$366$253$173$40
31 years$696$492$342$233$156$34
32 years$667$466$319$214$142$29
33 years$639$441$298$197$128$25
34 years$614$418$278$181$116$21
35 years$590$397$260$167$105$18
36 years$567$377$243$153$95$15
37 years$546$358$228$141$86$13
38 years$525$340$213$130$78$11
39 years$506$323$200$120$71$9
40 years$488$307$187$111$64$8
41 years$471$293$175$102$58$7
42 years$455$279$165$94$53$6
43 years$439$266$154$87$48$5
44 years$424$253$145$80$44$4
45 years$410$241$136$74$40$4
46 years$397$230$128$69$36$3
47 years$384$220$120$63$33$3
48 years$372$210$113$59$30$2
49 years$360$200$106$54$27$2
50 years$349$191$100$50$24$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $357,000, adding $3,361 every year, while hoping to spend $24,940 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: 29/42/29 Blend
50$357,000$357,000$357,000$357,000
51$396,881$377,960$372,426$404,771
52$410,827$369,944$358,367$403,279
53$425,359$360,699$343,000$399,294
54$440,512$350,140$326,257$394,518
55$456,321$338,173$308,063$388,898
56$472,824$324,703$288,342$382,382
57$490,065$309,626$267,014$374,914
58$508,089$292,834$243,996$366,435
59$526,944$274,213$219,200$356,885
60$546,684$253,641$192,535$346,200
61$567,365$230,990$163,905$334,313
62$589,052$206,123$133,210$321,155
63$611,810$178,899$100,348$306,652
64$635,715$149,164$65,210$290,730
65$660,844$116,760$27,681$273,309
66$687,286$81,517$0$254,307
67$715,135$43,257$0$237,467
68$744,493$1,791$0$228,261
69$775,473$0$0$218,063
70$808,197$0$0$226,729
71$842,797$0$0$236,793
72$879,420$0$0$247,472
73$918,224$0$0$258,815
74$959,383$0$0$270,878
75$1,003,087$0$0$283,719
76$1,049,542$0$0$297,405
77$1,098,977$0$0$312,006
78$1,151,638$0$0$327,600
79$1,207,799$0$0$344,274
80$1,267,757$0$0$362,122
81$1,331,839$0$0$381,246
82$1,400,403$0$0$401,759
83$1,473,840$0$0$423,786
84$1,552,583$0$0$447,463
85$1,637,101$0$0$472,939
86$1,727,915$0$0$500,379
87$1,825,592$0$0$529,962
88$1,930,757$0$0$561,887
89$2,044,096$0$0$596,370
90$2,166,362$0$0$633,652
91$2,298,383$0$0$673,996
92$2,441,069$0$0$717,689
93$2,595,418$0$0$765,049
94$2,762,530$0$0$816,426
95$2,943,612$0$0$872,204
96$3,139,993$0$0$932,805
97$3,353,132$0$0$998,694
98$3,584,637$0$0$1,070,382
99$3,836,275$0$0$1,148,432
100$4,109,988$0$0$1,233,462