Can I retire at age 51 with 388,000?

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 $388,000?

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$32,041$31,755$31,477$31,205$30,940$30,783
2 years$15,862$15,566$15,280$15,002$14,733$14,575
3 years$10,469$10,173$9,887$9,612$9,347$9,193
4 years$7,774$7,478$7,195$6,925$6,667$6,517
5 years$6,157$5,863$5,584$5,319$5,068$4,923
6 years$5,079$4,787$4,513$4,254$4,010$3,871
7 years$4,310$4,021$3,750$3,497$3,261$3,127
8 years$3,733$3,446$3,180$2,934$2,705$2,577
9 years$3,285$3,001$2,739$2,499$2,278$2,155
10 years$2,926$2,645$2,388$2,154$1,941$1,823
11 years$2,633$2,355$2,102$1,875$1,670$1,557
12 years$2,389$2,113$1,866$1,644$1,447$1,339
13 years$2,183$1,910$1,667$1,452$1,262$1,159
14 years$2,006$1,736$1,498$1,289$1,106$1,008
15 years$1,853$1,586$1,352$1,149$974$881
16 years$1,719$1,455$1,226$1,029$861$772
17 years$1,601$1,340$1,116$925$763$679
18 years$1,496$1,238$1,018$833$679$599
19 years$1,403$1,148$932$753$605$529
20 years$1,319$1,066$856$682$540$469
21 years$1,243$993$787$619$483$416
22 years$1,174$927$725$563$433$369
23 years$1,111$867$670$512$389$329
24 years$1,053$813$619$467$350$293
25 years$1,000$763$574$427$315$261
26 years$952$717$532$390$283$233
27 years$907$674$494$357$255$208
28 years$865$636$459$327$231$186
29 years$826$600$427$300$208$166
30 years$790$566$398$275$188$149
31 years$756$535$371$253$170$133
32 years$724$506$346$233$154$119
33 years$695$480$323$214$139$107
34 years$667$455$302$197$126$96
35 years$641$431$282$181$114$86
36 years$616$409$264$167$103$77
37 years$593$389$247$154$94$69
38 years$571$369$232$142$85$62
39 years$550$351$217$131$77$56
40 years$530$334$203$120$70$50
41 years$512$318$191$111$63$45
42 years$494$303$179$103$58$40
43 years$477$289$168$95$52$36
44 years$461$275$158$87$47$33
45 years$446$262$148$81$43$29
46 years$431$250$139$75$39$26
47 years$417$239$131$69$35$24
48 years$404$228$123$64$32$21
49 years$391$218$115$59$29$19
50 years$379$208$108$54$27$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $388,000, adding $6,357 every year, while hoping to spend $22,876 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: 68/20/12 Blend
50$388,000$388,000$388,000$388,000
51$434,133$413,569$407,555$462,088
52$454,075$409,494$396,868$477,422
53$475,284$404,453$385,057$490,856
54$497,866$398,374$372,059$504,956
55$521,935$391,181$357,810$519,784
56$547,617$382,794$342,242$535,409
57$575,052$373,128$325,284$551,909
58$604,389$362,093$306,863$569,368
59$635,795$349,595$286,902$587,881
60$669,452$335,531$265,319$607,554
61$705,559$319,795$242,030$628,504
62$744,336$302,274$216,948$650,860
63$786,023$282,850$189,980$674,765
64$830,883$261,396$161,030$700,379
65$879,206$237,777$129,998$727,880
66$931,311$211,854$96,779$757,462
67$987,547$183,478$61,263$789,344
68$1,048,299$152,490$23,337$823,765
69$1,113,987$118,724$0$860,993
70$1,185,077$82,005$0$903,517
71$1,262,078$42,146$0$952,801
72$1,345,552$0$0$1,006,234
73$1,436,113$0$0$1,064,465
74$1,534,442$0$0$1,137,780
75$1,641,283$0$0$1,217,462
76$1,757,457$0$0$1,304,126
77$1,883,868$0$0$1,398,449
78$2,021,507$0$0$1,501,173
79$2,171,468$0$0$1,613,117
80$2,334,954$0$0$1,735,183
81$2,513,288$0$0$1,868,361
82$2,707,928$0$0$2,013,744
83$2,920,477$0$0$2,172,533
84$3,152,700$0$0$2,346,049
85$3,406,542$0$0$2,535,750
86$3,684,142$0$0$2,743,237
87$3,987,857$0$0$2,970,277
88$4,320,280$0$0$3,218,813
89$4,684,269$0$0$3,490,985
90$5,082,970$0$0$3,789,150
91$5,519,846$0$0$4,115,903
92$5,998,714$0$0$4,474,103
93$6,523,775$0$0$4,866,899
94$7,099,658$0$0$5,297,757
95$7,731,461$0$0$5,770,498
96$8,424,798$0$0$6,289,328
97$9,185,855$0$0$6,858,881
98$10,021,443$0$0$7,484,262
99$10,939,069$0$0$8,171,093
100$11,946,998$0$0$8,925,570