Can I retire at age 51 with 383,000?

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 $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%11.9%
1 years$31,628$31,346$31,071$30,803$30,541$30,298
2 years$15,657$15,366$15,083$14,809$14,543$14,298
3 years$10,335$10,042$9,760$9,488$9,227$8,987
4 years$7,674$7,382$7,103$6,836$6,581$6,349
5 years$6,078$5,787$5,512$5,251$5,003$4,779
6 years$5,014$4,726$4,454$4,199$3,958$3,743
7 years$4,254$3,969$3,702$3,452$3,219$3,012
8 years$3,685$3,402$3,139$2,896$2,671$2,472
9 years$3,242$2,962$2,704$2,467$2,249$2,059
10 years$2,888$2,611$2,357$2,126$1,916$1,735
11 years$2,599$2,324$2,075$1,851$1,648$1,475
12 years$2,358$2,086$1,842$1,623$1,428$1,263
13 years$2,154$1,885$1,646$1,433$1,245$1,088
14 years$1,980$1,714$1,479$1,272$1,092$942
15 years$1,829$1,565$1,335$1,134$961$819
16 years$1,697$1,436$1,210$1,016$850$715
17 years$1,580$1,323$1,101$913$753$626
18 years$1,477$1,222$1,005$823$670$549
19 years$1,385$1,133$920$743$597$483
20 years$1,302$1,053$845$673$533$425
21 years$1,227$981$777$611$477$375
22 years$1,159$915$716$555$428$332
23 years$1,096$856$661$506$384$294
24 years$1,040$802$611$461$345$260
25 years$987$753$566$421$311$231
26 years$939$707$525$385$280$205
27 years$895$666$488$353$252$182
28 years$854$627$453$323$228$162
29 years$815$592$422$296$205$144
30 years$780$559$393$272$186$128
31 years$746$528$366$250$168$114
32 years$715$500$342$230$152$101
33 years$686$473$319$211$137$90
34 years$658$449$298$194$124$81
35 years$633$426$279$179$113$72
36 years$608$404$261$165$102$64
37 years$585$384$244$152$93$57
38 years$564$365$229$140$84$51
39 years$543$347$214$129$76$46
40 years$524$330$201$119$69$41
41 years$505$314$188$110$63$36
42 years$488$299$177$101$57$32
43 years$471$285$166$93$52$29
44 years$455$272$156$86$47$26
45 years$440$259$146$80$42$23
46 years$426$247$137$74$39$21
47 years$412$236$129$68$35$18
48 years$399$225$121$63$32$16
49 years$386$215$114$58$29$15
50 years$374$205$107$54$26$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $383,000, adding $2,611 every year, while hoping to spend $28,598 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: 66/24/10 Blend
50$383,000$383,000$383,000$383,000
51$424,759$404,460$398,524$451,728
52$437,657$393,851$381,446$459,403
53$450,911$381,763$362,838$464,156
54$464,529$368,094$342,618$468,611
55$478,516$352,736$320,701$472,736
56$492,877$335,573$296,997$476,497
57$507,619$316,484$271,415$479,859
58$522,745$295,340$243,856$482,781
59$538,259$272,006$214,219$485,222
60$554,164$246,338$182,399$487,138
61$570,464$218,183$148,284$488,481
62$587,159$187,382$111,759$489,198
63$604,250$153,764$72,704$489,237
64$621,736$117,151$30,992$488,537
65$639,615$77,354$0$487,037
66$657,884$34,172$0$486,112
67$676,536$0$0$487,871
68$695,564$0$0$492,270
69$714,959$0$0$505,947
70$734,708$0$0$519,868
71$754,797$0$0$534,022
72$775,207$0$0$548,395
73$795,916$0$0$562,972
74$816,899$0$0$577,732
75$838,127$0$0$592,654
76$859,563$0$0$607,712
77$881,168$0$0$622,875
78$902,896$0$0$638,111
79$924,694$0$0$653,379
80$946,500$0$0$668,636
81$968,246$0$0$683,829
82$989,855$0$0$698,903
83$1,011,237$0$0$713,792
84$1,032,293$0$0$728,423
85$1,052,912$0$0$742,714
86$1,072,966$0$0$756,573
87$1,092,314$0$0$769,895
88$1,110,798$0$0$782,565
89$1,128,239$0$0$794,452
90$1,144,440$0$0$805,412
91$1,159,180$0$0$815,283
92$1,172,209$0$0$823,883
93$1,183,254$0$0$831,013
94$1,192,006$0$0$836,447
95$1,198,126$0$0$839,936
96$1,201,232$0$0$841,204
97$1,200,904$0$0$839,942
98$1,196,672$0$0$835,809
99$1,188,017$0$0$828,425
100$1,174,361$0$0$817,370