Can I retire at age 51 with 376,000?

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 $376,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$31,050$30,773$30,503$30,240$29,983$28,862
2 years$15,371$15,085$14,807$14,538$14,278$13,161
3 years$10,146$9,858$9,581$9,315$9,058$7,981
4 years$7,533$7,247$6,973$6,711$6,460$5,431
5 years$5,966$5,682$5,411$5,155$4,911$3,932
6 years$4,922$4,639$4,373$4,122$3,886$2,958
7 years$4,177$3,896$3,634$3,389$3,160$2,283
8 years$3,618$3,340$3,082$2,843$2,622$1,795
9 years$3,183$2,908$2,654$2,422$2,208$1,430
10 years$2,836$2,563$2,314$2,087$1,881$1,151
11 years$2,552$2,282$2,037$1,817$1,618$934
12 years$2,315$2,048$1,808$1,593$1,402$762
13 years$2,115$1,851$1,615$1,407$1,223$625
14 years$1,944$1,682$1,451$1,249$1,072$514
15 years$1,795$1,537$1,311$1,114$944$425
16 years$1,666$1,410$1,188$997$834$352
17 years$1,552$1,299$1,081$896$739$292
18 years$1,450$1,200$987$807$658$243
19 years$1,359$1,112$904$730$586$202
20 years$1,278$1,033$829$661$523$168
21 years$1,204$963$763$600$468$140
22 years$1,137$899$703$545$420$117
23 years$1,076$840$649$497$377$98
24 years$1,021$787$600$453$339$82
25 years$969$739$556$414$305$68
26 years$922$694$516$378$275$57
27 years$878$654$479$346$248$48
28 years$838$616$445$317$223$40
29 years$800$581$414$291$202$34
30 years$765$549$386$267$182$28
31 years$733$519$360$245$165$24
32 years$702$491$336$225$149$20
33 years$673$465$313$207$135$17
34 years$646$441$293$191$122$14
35 years$621$418$274$175$111$12
36 years$597$397$256$162$100$10
37 years$575$377$240$149$91$8
38 years$553$358$224$137$82$7
39 years$533$340$210$127$75$6
40 years$514$324$197$117$68$5
41 years$496$308$185$108$61$4
42 years$479$294$173$99$56$3
43 years$462$280$163$92$51$3
44 years$447$267$153$85$46$2
45 years$432$254$143$78$42$2
46 years$418$243$135$72$38$2
47 years$404$231$127$67$34$1
48 years$391$221$119$62$31$1
49 years$379$211$112$57$28$1
50 years$367$202$105$53$26$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $376,000, adding $5,144 every year, while hoping to spend $29,613 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: 70/23/7 Blend
50$376,000$376,000$376,000$376,000
51$419,658$399,730$393,902$448,213
52$430,955$387,809$375,590$455,856
53$442,412$374,311$355,672$460,081
54$454,014$359,128$334,062$463,891
55$465,743$342,145$310,673$467,239
56$477,579$323,240$285,411$470,073
57$489,499$302,286$258,179$472,338
58$501,476$279,146$228,876$473,973
59$513,479$253,676$197,396$474,911
60$525,473$225,726$163,628$475,081
61$537,418$195,134$127,456$474,406
62$549,270$161,730$88,761$472,802
63$560,977$125,337$47,417$470,176
64$572,483$85,764$3,291$466,430
65$583,722$42,812$0$461,456
66$594,622$0$0$458,408
67$605,102$0$0$455,306
68$615,070$0$0$462,634
69$624,424$0$0$469,478
70$633,052$0$0$475,749
71$640,825$0$0$481,348
72$647,601$0$0$486,167
73$653,224$0$0$490,082
74$657,516$0$0$492,957
75$660,282$0$0$494,642
76$661,305$0$0$494,968
77$660,343$0$0$493,749
78$657,128$0$0$490,776
79$651,362$0$0$485,820
80$642,714$0$0$478,625
81$630,820$0$0$468,909
82$615,273$0$0$456,358
83$595,623$0$0$440,625
84$571,373$0$0$421,325
85$541,972$0$0$398,033
86$506,810$0$0$370,278
87$465,213$0$0$337,539
88$416,434$0$0$299,239
89$359,649$0$0$254,742
90$293,944$0$0$203,342
91$218,313$0$0$144,263
92$131,640$0$0$76,643
93$32,695$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