Can I retire at age 51 with 383,000?

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 $383,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$31,628$31,346$31,071$30,803$30,541$30,387
2 years$15,657$15,366$15,083$14,809$14,543$14,388
3 years$10,335$10,042$9,760$9,488$9,227$9,075
4 years$7,674$7,382$7,103$6,836$6,581$6,433
5 years$6,078$5,787$5,512$5,251$5,003$4,860
6 years$5,014$4,726$4,454$4,199$3,958$3,821
7 years$4,254$3,969$3,702$3,452$3,219$3,087
8 years$3,685$3,402$3,139$2,896$2,671$2,544
9 years$3,242$2,962$2,704$2,467$2,249$2,127
10 years$2,888$2,611$2,357$2,126$1,916$1,800
11 years$2,599$2,324$2,075$1,851$1,648$1,537
12 years$2,358$2,086$1,842$1,623$1,428$1,322
13 years$2,154$1,885$1,646$1,433$1,245$1,144
14 years$1,980$1,714$1,479$1,272$1,092$995
15 years$1,829$1,565$1,335$1,134$961$869
16 years$1,697$1,436$1,210$1,016$850$762
17 years$1,580$1,323$1,101$913$753$670
18 years$1,477$1,222$1,005$823$670$591
19 years$1,385$1,133$920$743$597$522
20 years$1,302$1,053$845$673$533$463
21 years$1,227$981$777$611$477$410
22 years$1,159$915$716$555$428$365
23 years$1,096$856$661$506$384$324
24 years$1,040$802$611$461$345$289
25 years$987$753$566$421$311$258
26 years$939$707$525$385$280$230
27 years$895$666$488$353$252$205
28 years$854$627$453$323$228$184
29 years$815$592$422$296$205$164
30 years$780$559$393$272$186$147
31 years$746$528$366$250$168$132
32 years$715$500$342$230$152$118
33 years$686$473$319$211$137$106
34 years$658$449$298$194$124$95
35 years$633$426$279$179$113$85
36 years$608$404$261$165$102$76
37 years$585$384$244$152$93$68
38 years$564$365$229$140$84$61
39 years$543$347$214$129$76$55
40 years$524$330$201$119$69$49
41 years$505$314$188$110$63$44
42 years$488$299$177$101$57$40
43 years$471$285$166$93$52$36
44 years$455$272$156$86$47$32
45 years$440$259$146$80$42$29
46 years$426$247$137$74$39$26
47 years$412$236$129$68$35$23
48 years$399$225$121$63$32$21
49 years$386$215$114$58$29$19
50 years$374$205$107$54$26$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $383,000, adding $3,579 every year, while hoping to spend $32,626 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: 57/21/22 Blend
50$383,000$383,000$383,000$383,000
51$425,758$405,459$399,522$447,314
52$434,471$390,612$378,192$447,578
53$442,980$373,945$355,055$444,073
54$451,229$355,333$330,014$439,546
55$459,155$334,646$302,970$433,907
56$466,690$311,745$273,821$427,059
57$473,756$286,483$242,457$418,895
58$480,266$258,708$208,766$409,301
59$486,122$228,253$172,629$398,155
60$491,217$194,949$133,923$385,321
61$495,430$158,610$92,518$370,654
62$498,628$119,046$48,281$353,999
63$500,661$76,052$1,071$335,183
64$501,363$29,413$0$314,023
65$500,550$0$0$301,893
66$498,017$0$0$292,897
67$493,538$0$0$289,456
68$486,861$0$0$284,615
69$477,708$0$0$278,197
70$465,767$0$0$270,008
71$450,698$0$0$259,831
72$432,121$0$0$247,429
73$409,615$0$0$232,536
74$382,717$0$0$214,861
75$350,911$0$0$194,078
76$313,630$0$0$169,830
77$270,244$0$0$141,722
78$220,059$0$0$109,315
79$162,305$0$0$72,127
80$96,134$0$0$29,623
81$20,609$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$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