Can I retire at age 51 with 370,000?

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 $370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$30,554$30,282$30,017$29,757$29,504$28,491
2 years$15,126$14,844$14,571$14,306$14,050$13,040
3 years$9,984$9,701$9,428$9,166$8,914$7,938
4 years$7,413$7,131$6,862$6,604$6,357$5,424
5 years$5,871$5,591$5,325$5,072$4,833$3,943
6 years$4,844$4,565$4,303$4,056$3,824$2,980
7 years$4,110$3,834$3,576$3,335$3,110$2,311
8 years$3,560$3,286$3,033$2,798$2,580$1,825
9 years$3,132$2,861$2,612$2,383$2,173$1,461
10 years$2,790$2,522$2,277$2,054$1,851$1,182
11 years$2,511$2,245$2,005$1,788$1,592$964
12 years$2,278$2,015$1,779$1,568$1,380$791
13 years$2,081$1,821$1,590$1,384$1,203$652
14 years$1,913$1,655$1,428$1,229$1,055$540
15 years$1,767$1,512$1,290$1,096$929$448
16 years$1,639$1,388$1,169$981$821$373
17 years$1,527$1,278$1,064$882$728$312
18 years$1,427$1,181$971$795$647$261
19 years$1,338$1,094$889$718$577$218
20 years$1,258$1,017$816$650$515$183
21 years$1,185$947$751$590$461$154
22 years$1,119$884$692$537$413$129
23 years$1,059$827$639$489$371$108
24 years$1,004$775$591$446$333$91
25 years$954$727$547$407$300$77
26 years$907$683$507$372$270$65
27 years$864$643$471$341$244$54
28 years$825$606$438$312$220$46
29 years$788$572$408$286$199$39
30 years$753$540$380$263$179$33
31 years$721$510$354$241$162$27
32 years$691$483$330$222$147$23
33 years$663$457$308$204$133$20
34 years$636$433$288$188$120$16
35 years$611$411$269$173$109$14
36 years$588$390$252$159$99$12
37 years$565$371$236$147$89$10
38 years$544$352$221$135$81$8
39 years$525$335$207$125$73$7
40 years$506$319$194$115$67$6
41 years$488$303$182$106$60$5
42 years$471$289$171$98$55$4
43 years$455$275$160$90$50$4
44 years$440$262$150$83$45$3
45 years$425$250$141$77$41$3
46 years$411$239$133$71$37$2
47 years$398$228$124$66$34$2
48 years$385$217$117$61$31$2
49 years$373$208$110$56$28$1
50 years$361$198$103$52$25$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $370,000, adding $4,330 every year, while hoping to spend $29,029 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: 45/39/16 Blend
50$370,000$370,000$370,000$370,000
51$412,206$392,596$386,861$428,685
52$423,365$380,947$368,935$428,976
53$434,688$367,754$349,434$426,038
54$446,164$352,911$328,277$422,228
55$457,774$336,305$305,376$417,478
56$469,501$317,818$280,640$411,715
57$481,322$297,323$253,974$404,861
58$493,213$274,688$225,279$396,832
59$505,146$249,773$194,450$387,541
60$517,086$222,427$161,379$376,891
61$528,997$192,495$125,954$364,782
62$540,838$159,809$88,056$351,106
63$552,559$124,196$47,562$335,746
64$564,107$85,469$4,343$318,578
65$575,422$43,432$0$299,471
66$586,434$0$0$285,416
67$597,068$0$0$271,293
68$607,238$0$0$275,555
69$616,846$0$0$279,515
70$625,787$0$0$283,117
71$633,939$0$0$286,303
72$641,168$0$0$289,004
73$647,326$0$0$291,146
74$652,246$0$0$292,645
75$655,743$0$0$293,408
76$657,611$0$0$293,334
77$657,622$0$0$292,307
78$655,520$0$0$290,200
79$651,026$0$0$286,872
80$643,825$0$0$282,169
81$633,572$0$0$275,915
82$619,881$0$0$267,920
83$602,326$0$0$257,971
84$580,436$0$0$245,833
85$553,689$0$0$231,246
86$521,506$0$0$213,922
87$483,247$0$0$193,541
88$438,206$0$0$169,753
89$385,598$0$0$142,167
90$324,560$0$0$110,353
91$254,134$0$0$73,835
92$173,263$0$0$32,087
93$80,780$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0