Can I retire at age 51 with 386,000?

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 $386,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$31,876$31,592$31,315$31,044$30,780$29,939
2 years$15,780$15,486$15,201$14,925$14,657$13,816
3 years$10,415$10,120$9,836$9,563$9,299$8,484
4 years$7,734$7,440$7,158$6,889$6,632$5,849
5 years$6,125$5,833$5,555$5,292$5,042$4,294
6 years$5,053$4,763$4,489$4,232$3,989$3,277
7 years$4,288$4,000$3,731$3,479$3,244$2,567
8 years$3,714$3,429$3,164$2,919$2,692$2,049
9 years$3,268$2,985$2,725$2,486$2,267$1,659
10 years$2,911$2,631$2,376$2,143$1,931$1,357
11 years$2,619$2,342$2,092$1,865$1,661$1,119
12 years$2,377$2,102$1,856$1,636$1,439$929
13 years$2,171$1,900$1,658$1,444$1,255$776
14 years$1,995$1,727$1,490$1,282$1,100$650
15 years$1,843$1,578$1,345$1,143$969$547
16 years$1,710$1,448$1,220$1,024$856$461
17 years$1,593$1,333$1,110$920$759$390
18 years$1,489$1,232$1,013$829$675$331
19 years$1,396$1,142$928$749$602$281
20 years$1,312$1,061$851$678$537$239
21 years$1,236$988$783$616$481$203
22 years$1,168$922$722$560$431$173
23 years$1,105$863$666$510$387$148
24 years$1,048$808$616$465$348$126
25 years$995$759$571$425$313$108
26 years$947$713$529$388$282$92
27 years$902$671$492$355$254$78
28 years$860$632$457$326$229$67
29 years$822$596$425$299$207$57
30 years$786$563$396$274$187$49
31 years$752$532$369$252$169$42
32 years$721$504$345$231$153$36
33 years$691$477$322$213$138$31
34 years$664$452$301$196$125$26
35 years$638$429$281$180$114$23
36 years$613$407$263$166$103$19
37 years$590$387$246$153$93$17
38 years$568$367$230$141$85$14
39 years$547$349$216$130$77$12
40 years$528$332$202$120$70$10
41 years$509$316$190$111$63$9
42 years$491$301$178$102$57$8
43 years$475$287$167$94$52$7
44 years$459$274$157$87$47$6
45 years$443$261$147$80$43$5
46 years$429$249$138$74$39$4
47 years$415$238$130$69$35$4
48 years$402$227$122$63$32$3
49 years$389$217$115$59$29$3
50 years$377$207$108$54$26$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $386,000, adding $2,152 every year, while hoping to spend $27,785 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: 25/50/25 Blend
50$386,000$386,000$386,000$386,000
51$427,592$407,134$401,151$434,861
52$441,643$397,520$385,026$431,379
53$456,196$386,505$367,430$425,119
54$471,274$373,988$348,285$417,817
55$486,898$359,868$327,506$409,405
56$503,094$344,034$305,010$399,809
57$519,887$326,370$280,706$388,953
58$537,307$306,753$254,500$376,755
59$555,381$285,052$226,295$363,131
60$574,142$261,132$195,988$347,990
61$593,622$234,846$163,472$331,238
62$613,859$206,041$128,636$312,776
63$634,890$174,554$91,362$292,499
64$656,757$140,215$51,531$270,297
65$679,503$102,842$9,014$246,055
66$703,175$62,244$0$219,651
67$727,824$18,219$0$200,657
68$753,505$0$0$182,435
69$780,275$0$0$178,678
70$808,198$0$0$185,227
71$837,342$0$0$192,078
72$867,780$0$0$199,247
73$899,591$0$0$206,756
74$932,861$0$0$214,628
75$967,681$0$0$222,886
76$1,004,153$0$0$231,558
77$1,042,385$0$0$240,670
78$1,082,495$0$0$250,255
79$1,124,609$0$0$260,347
80$1,168,869$0$0$270,982
81$1,215,423$0$0$282,199
82$1,264,437$0$0$294,044
83$1,316,089$0$0$306,564
84$1,370,574$0$0$319,810
85$1,428,104$0$0$333,839
86$1,488,910$0$0$348,714
87$1,553,246$0$0$364,502
88$1,621,387$0$0$381,277
89$1,693,634$0$0$399,120
90$1,770,316$0$0$418,121
91$1,851,794$0$0$438,375
92$1,938,461$0$0$459,991
93$2,030,749$0$0$483,083
94$2,129,128$0$0$507,780
95$2,234,117$0$0$534,223
96$2,346,280$0$0$562,564
97$2,466,239$0$0$592,971
98$2,594,674$0$0$625,631
99$2,732,331$0$0$660,746
100$2,880,029$0$0$698,538