Can I retire at age 51 with 359,000?

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 $359,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$29,646$29,382$29,124$28,873$28,627$28,435
2 years$14,676$14,403$14,138$13,881$13,632$13,438
3 years$9,687$9,412$9,148$8,894$8,649$8,459
4 years$7,193$6,919$6,658$6,407$6,168$5,985
5 years$5,697$5,425$5,167$4,922$4,689$4,512
6 years$4,700$4,430$4,175$3,936$3,710$3,539
7 years$3,988$3,720$3,470$3,236$3,017$2,853
8 years$3,454$3,189$2,943$2,714$2,503$2,346
9 years$3,039$2,776$2,534$2,312$2,108$1,957
10 years$2,707$2,447$2,210$1,993$1,796$1,652
11 years$2,436$2,179$1,945$1,735$1,545$1,407
12 years$2,210$1,955$1,726$1,521$1,339$1,207
13 years$2,019$1,767$1,542$1,343$1,167$1,042
14 years$1,856$1,606$1,386$1,192$1,023$904
15 years$1,714$1,467$1,251$1,063$901$788
16 years$1,591$1,346$1,134$952$796$689
17 years$1,481$1,240$1,032$855$706$604
18 years$1,385$1,146$942$771$628$531
19 years$1,298$1,062$863$697$560$468
20 years$1,220$987$792$631$500$413
21 years$1,150$919$728$573$447$366
22 years$1,086$858$671$521$401$324
23 years$1,028$802$620$474$360$287
24 years$974$752$573$432$323$255
25 years$926$706$531$395$291$227
26 years$880$663$492$361$262$202
27 years$839$624$457$331$236$180
28 years$800$588$425$303$213$160
29 years$764$555$395$278$193$143
30 years$731$524$368$255$174$127
31 years$700$495$343$234$157$114
32 years$670$469$320$215$142$101
33 years$643$444$299$198$129$91
34 years$617$421$280$182$117$81
35 years$593$399$261$168$106$72
36 years$570$379$244$154$96$65
37 years$549$360$229$142$87$58
38 years$528$342$214$131$79$52
39 years$509$325$201$121$71$46
40 years$491$309$188$111$65$41
41 years$474$294$176$103$59$37
42 years$457$280$166$95$53$33
43 years$441$267$155$88$48$30
44 years$427$255$146$81$44$27
45 years$412$243$137$75$40$24
46 years$399$232$129$69$36$21
47 years$386$221$121$64$33$19
48 years$374$211$114$59$30$17
49 years$362$201$107$54$27$15
50 years$351$192$100$50$25$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $359,000, adding $4,559 every year, while hoping to spend $26,854 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: 60/16/24 Blend
50$359,000$359,000$359,000$359,000
51$400,321$381,294$375,729$421,522
52$412,581$371,405$359,744$426,568
53$425,192$360,131$342,323$428,762
54$438,160$347,376$323,389$430,572
55$451,494$333,039$302,865$431,965
56$465,200$317,012$280,664$432,907
57$479,286$299,180$256,701$433,362
58$493,756$279,424$230,885$433,292
59$508,619$257,616$203,119$432,655
60$523,880$233,620$173,305$431,409
61$539,544$207,296$141,338$429,508
62$555,615$178,491$107,111$426,902
63$572,099$147,048$70,510$423,539
64$588,998$112,798$31,417$419,366
65$606,315$75,564$0$414,321
66$624,051$35,159$0$410,983
67$642,207$0$0$415,403
68$660,781$0$0$421,008
69$679,772$0$0$433,064
70$699,175$0$0$445,377
71$718,984$0$0$457,942
72$739,192$0$0$470,753
73$759,787$0$0$483,804
74$780,756$0$0$497,084
75$802,083$0$0$510,582
76$823,750$0$0$524,286
77$845,731$0$0$538,178
78$868,001$0$0$552,240
79$890,526$0$0$566,451
80$913,269$0$0$580,784
81$936,187$0$0$595,211
82$959,230$0$0$609,698
83$982,342$0$0$624,206
84$1,005,457$0$0$638,692
85$1,028,502$0$0$653,107
86$1,051,393$0$0$667,394
87$1,074,035$0$0$681,489
88$1,096,321$0$0$695,322
89$1,118,132$0$0$708,812
90$1,139,332$0$0$721,869
91$1,159,770$0$0$734,392
92$1,179,276$0$0$746,267
93$1,197,659$0$0$757,368
94$1,214,708$0$0$767,553
95$1,230,184$0$0$776,664
96$1,243,824$0$0$784,525
97$1,255,332$0$0$790,941
98$1,264,380$0$0$795,692
99$1,270,602$0$0$798,537
100$1,273,593$0$0$799,204