Can I retire at age 51 with 374,000?

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 $374,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$30,885$30,609$30,341$30,079$29,823$29,067
2 years$15,289$15,005$14,729$14,461$14,202$13,444
3 years$10,092$9,806$9,530$9,265$9,010$8,276
4 years$7,493$7,208$6,936$6,675$6,426$5,720
5 years$5,935$5,651$5,382$5,127$4,885$4,210
6 years$4,896$4,615$4,350$4,100$3,865$3,221
7 years$4,154$3,875$3,615$3,371$3,144$2,531
8 years$3,598$3,322$3,066$2,828$2,608$2,026
9 years$3,166$2,892$2,640$2,409$2,196$1,645
10 years$2,821$2,549$2,302$2,076$1,871$1,350
11 years$2,538$2,270$2,027$1,807$1,609$1,117
12 years$2,303$2,037$1,799$1,585$1,395$931
13 years$2,104$1,841$1,607$1,399$1,216$779
14 years$1,933$1,673$1,444$1,242$1,066$656
15 years$1,786$1,529$1,304$1,108$939$553
16 years$1,657$1,403$1,182$992$830$469
17 years$1,543$1,292$1,075$891$736$398
18 years$1,442$1,194$982$803$654$338
19 years$1,352$1,106$899$726$583$288
20 years$1,271$1,028$825$657$521$246
21 years$1,198$957$759$597$466$210
22 years$1,131$894$699$542$418$180
23 years$1,071$836$646$494$375$154
24 years$1,015$783$597$451$337$132
25 years$964$735$553$411$303$113
26 years$917$691$513$376$273$97
27 years$874$650$476$344$246$83
28 years$834$613$443$315$222$71
29 years$796$578$412$289$201$61
30 years$761$546$384$266$181$53
31 years$729$516$358$244$164$45
32 years$698$488$334$224$148$39
33 years$670$462$312$206$134$33
34 years$643$438$291$190$121$29
35 years$618$416$272$175$110$25
36 years$594$394$255$161$100$21
37 years$572$375$238$148$90$18
38 years$550$356$223$137$82$16
39 years$530$339$209$126$74$14
40 years$511$322$196$116$67$12
41 years$493$307$184$107$61$10
42 years$476$292$172$99$55$9
43 years$460$278$162$91$50$7
44 years$444$265$152$84$46$6
45 years$430$253$143$78$41$5
46 years$416$241$134$72$38$5
47 years$402$230$126$66$34$4
48 years$389$220$118$61$31$3
49 years$377$210$111$57$28$3
50 years$365$200$105$52$26$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $374,000, adding $3,617 every year, while hoping to spend $28,444 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: 72/16/12 Blend
50$374,000$374,000$374,000$374,000
51$415,879$396,057$390,260$444,531
52$428,034$385,200$373,069$453,121
53$440,476$372,857$354,350$458,681
54$453,204$358,926$334,020$464,004
55$466,216$343,298$311,994$469,060
56$479,508$325,858$288,184$473,816
57$493,077$306,485$262,498$478,237
58$506,917$285,048$234,838$482,285
59$521,021$261,413$205,102$485,919
60$535,378$235,436$173,187$489,093
61$549,978$206,964$138,980$491,760
62$564,807$175,836$102,367$493,869
63$579,849$141,884$63,227$495,361
64$595,084$104,926$21,436$496,178
65$610,489$64,775$0$496,252
66$626,040$21,229$0$498,479
67$641,705$0$0$502,937
68$657,449$0$0$511,379
69$673,234$0$0$523,579
70$689,014$0$0$535,766
71$704,737$0$0$547,897
72$720,345$0$0$559,927
73$735,773$0$0$571,801
74$750,946$0$0$583,463
75$765,780$0$0$594,843
76$780,183$0$0$605,869
77$794,047$0$0$616,455
78$807,255$0$0$626,507
79$819,676$0$0$635,921
80$831,161$0$0$644,579
81$841,545$0$0$652,349
82$850,646$0$0$659,086
83$858,257$0$0$664,625
84$864,152$0$0$668,787
85$868,075$0$0$671,369
86$869,746$0$0$672,147
87$868,851$0$0$670,872
88$865,042$0$0$667,267
89$857,933$0$0$661,024
90$847,096$0$0$651,805
91$832,055$0$0$639,231
92$812,284$0$0$622,884
93$787,201$0$0$602,301
94$756,159$0$0$576,969
95$718,444$0$0$546,320
96$673,264$0$0$509,726
97$619,745$0$0$466,490
98$556,917$0$0$415,845
99$483,711$0$0$356,940
100$398,942$0$0$288,835