Can I retire at age 51 with 368,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $368,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$30,389$30,118$29,854$29,597$29,345$28,717
2 years$15,044$14,764$14,492$14,229$13,974$13,344
3 years$9,930$9,648$9,378$9,117$8,866$8,254
4 years$7,373$7,093$6,824$6,568$6,323$5,734
5 years$5,840$5,561$5,296$5,045$4,807$4,242
6 years$4,817$4,541$4,280$4,034$3,803$3,264
7 years$4,088$3,813$3,557$3,317$3,093$2,579
8 years$3,541$3,269$3,016$2,783$2,566$2,077
9 years$3,115$2,846$2,598$2,370$2,161$1,696
10 years$2,775$2,509$2,265$2,043$1,841$1,401
11 years$2,497$2,233$1,994$1,778$1,584$1,166
12 years$2,266$2,004$1,770$1,560$1,372$978
13 years$2,070$1,811$1,581$1,377$1,197$825
14 years$1,902$1,647$1,421$1,222$1,049$698
15 years$1,757$1,504$1,283$1,090$924$594
16 years$1,630$1,380$1,163$976$816$506
17 years$1,519$1,271$1,058$877$724$433
18 years$1,419$1,174$966$790$644$371
19 years$1,330$1,088$884$714$574$318
20 years$1,251$1,011$812$647$512$274
21 years$1,179$942$746$587$458$236
22 years$1,113$879$688$534$411$203
23 years$1,054$823$635$486$369$175
24 years$999$771$588$443$332$151
25 years$949$723$544$405$298$131
26 years$903$680$505$370$269$113
27 years$860$640$469$339$242$98
28 years$820$603$436$310$219$85
29 years$783$569$405$285$197$73
30 years$749$537$378$261$178$63
31 years$717$508$352$240$161$55
32 years$687$480$328$221$146$48
33 years$659$455$307$203$132$41
34 years$633$431$287$187$120$36
35 years$608$409$268$172$108$31
36 years$584$388$251$158$98$27
37 years$562$369$235$146$89$23
38 years$542$350$220$134$81$20
39 years$522$333$206$124$73$18
40 years$503$317$193$114$66$15
41 years$485$302$181$105$60$13
42 years$469$287$170$97$55$11
43 years$452$274$159$90$50$10
44 years$437$261$149$83$45$9
45 years$423$249$140$77$41$8
46 years$409$237$132$71$37$7
47 years$396$227$124$65$34$6
48 years$383$216$116$60$31$5
49 years$371$207$109$56$28$4
50 years$359$197$103$52$25$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $368,000, adding $5,479 every year, while hoping to spend $21,098 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: 60/27/13 Blend
50$368,000$368,000$368,000$368,000
51$411,188$391,684$385,980$434,227
52$430,681$388,428$376,462$447,129
53$451,455$384,306$365,918$458,336
54$473,619$379,252$354,292$470,055
55$497,291$373,198$341,523$482,336
56$522,601$366,072$327,551$495,237
57$549,693$357,796$312,311$508,821
58$578,723$348,289$295,734$523,161
59$609,861$337,464$277,750$538,335
60$643,297$325,230$258,285$554,432
61$679,238$311,491$237,262$571,551
62$717,910$296,143$214,600$589,803
63$759,562$279,079$190,214$609,309
64$804,467$260,185$164,016$630,208
65$852,928$239,338$135,916$652,651
66$905,273$216,412$105,815$676,808
67$961,865$191,271$73,615$702,866
68$1,023,104$163,772$39,210$731,035
69$1,089,428$133,764$2,490$761,547
70$1,161,319$101,088$0$794,661
71$1,239,307$65,575$0$835,754
72$1,323,975$27,047$0$880,754
73$1,415,965$0$0$929,685
74$1,515,981$0$0$987,320
75$1,624,800$0$0$1,058,797
76$1,743,275$0$0$1,136,644
77$1,872,346$0$0$1,221,481
78$2,013,048$0$0$1,313,993
79$2,166,516$0$0$1,414,930
80$2,334,006$0$0$1,525,120
81$2,516,893$0$0$1,645,475
82$2,716,698$0$0$1,776,996
83$2,935,089$0$0$1,920,789
84$3,173,907$0$0$2,078,069
85$3,435,176$0$0$2,250,174
86$3,721,127$0$0$2,438,578
87$4,034,216$0$0$2,644,905
88$4,377,146$0$0$2,870,940
89$4,752,895$0$0$3,118,654
90$5,164,742$0$0$3,390,213
91$5,616,301$0$0$3,688,005
92$6,111,548$0$0$4,014,659
93$6,654,865$0$0$4,373,072
94$7,251,079$0$0$4,766,434
95$7,905,505$0$0$5,198,260
96$8,624,000$0$0$5,672,419
97$9,413,013$0$0$6,193,177
98$10,279,650$0$0$6,765,230
99$11,231,740$0$0$7,393,754
100$12,277,905$0$0$8,084,449