Can I retire at age 51 with 389,000?

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 $389,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$32,123$31,837$31,558$31,285$31,019$30,785
2 years$15,903$15,606$15,319$15,041$14,771$14,535
3 years$10,496$10,199$9,913$9,637$9,371$9,141
4 years$7,794$7,497$7,214$6,943$6,684$6,460
5 years$6,173$5,878$5,598$5,333$5,081$4,865
6 years$5,092$4,800$4,524$4,265$4,020$3,813
7 years$4,321$4,031$3,760$3,506$3,270$3,070
8 years$3,743$3,455$3,188$2,941$2,712$2,521
9 years$3,293$3,008$2,746$2,505$2,284$2,101
10 years$2,934$2,652$2,394$2,160$1,946$1,771
11 years$2,640$2,361$2,108$1,880$1,674$1,507
12 years$2,395$2,119$1,871$1,649$1,451$1,291
13 years$2,188$1,915$1,671$1,455$1,265$1,113
14 years$2,011$1,741$1,502$1,292$1,109$965
15 years$1,858$1,590$1,356$1,152$976$839
16 years$1,723$1,459$1,229$1,032$863$733
17 years$1,605$1,343$1,119$927$765$642
18 years$1,500$1,241$1,021$835$680$564
19 years$1,406$1,151$935$755$606$496
20 years$1,322$1,069$858$684$542$437
21 years$1,246$996$789$620$485$386
22 years$1,177$930$727$564$434$342
23 years$1,114$869$672$514$390$303
24 years$1,056$815$621$469$351$268
25 years$1,003$764$575$428$315$238
26 years$954$718$533$391$284$212
27 years$909$676$495$358$256$188
28 years$867$637$461$328$231$167
29 years$828$601$429$301$209$149
30 years$792$568$399$276$189$133
31 years$758$537$372$254$170$118
32 years$726$508$347$233$154$105
33 years$697$481$324$214$140$94
34 years$669$456$303$197$126$84
35 years$643$432$283$182$114$75
36 years$618$410$265$167$104$67
37 years$594$390$248$154$94$60
38 years$572$370$232$142$85$53
39 years$552$352$218$131$77$47
40 years$532$335$204$121$70$42
41 years$513$319$191$111$64$38
42 years$495$304$179$103$58$34
43 years$478$289$168$95$52$30
44 years$462$276$158$88$48$27
45 years$447$263$148$81$43$24
46 years$432$251$139$75$39$22
47 years$418$239$131$69$36$19
48 years$405$229$123$64$32$17
49 years$392$218$116$59$29$15
50 years$380$209$109$55$27$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $389,000, adding $5,934 every year, while hoping to spend $20,273 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: 54/28/18 Blend
50$389,000$389,000$389,000$389,000
51$434,799$414,182$408,152$455,864
52$457,578$412,907$400,255$469,648
53$482,001$410,889$391,414$481,995
54$508,215$408,072$381,576$494,989
55$536,379$404,394$370,685$508,697
56$566,670$399,790$358,684$523,194
57$599,282$394,191$345,511$538,563
58$634,427$387,525$331,104$554,898
59$672,338$379,713$315,395$572,303
60$713,272$370,674$298,316$590,893
61$757,511$360,322$279,794$610,797
62$805,363$348,564$259,754$632,159
63$857,170$335,303$238,116$655,137
64$913,305$320,437$214,797$679,909
65$974,181$303,857$189,710$706,672
66$1,040,249$285,448$162,767$735,644
67$1,112,006$265,087$133,872$767,069
68$1,190,002$242,647$102,928$801,215
69$1,274,836$217,991$69,830$838,383
70$1,367,173$190,976$34,473$878,905
71$1,467,741$161,450$0$923,148
72$1,577,341$129,252$0$972,148
73$1,696,858$94,213$0$1,032,838
74$1,827,262$56,154$0$1,099,115
75$1,969,622$14,885$0$1,171,560
76$2,125,117$0$0$1,250,815
77$2,295,043$0$0$1,346,769
78$2,480,825$0$0$1,456,727
79$2,684,035$0$0$1,577,037
80$2,906,403$0$0$1,708,728
81$3,149,833$0$0$1,852,932
82$3,416,422$0$0$2,010,898
83$3,708,481$0$0$2,183,999
84$4,028,553$0$0$2,373,748
85$4,379,440$0$0$2,581,811
86$4,764,225$0$0$2,810,024
87$5,186,309$0$0$3,060,407
88$5,649,433$0$0$3,335,189
89$6,157,721$0$0$3,636,820
90$6,715,713$0$0$3,968,004
91$7,328,413$0$0$4,331,715
92$8,001,330$0$0$4,731,233
93$8,740,536$0$0$5,170,168
94$9,552,718$0$0$5,652,500
95$10,445,242$0$0$6,182,611
96$11,426,226$0$0$6,765,331
97$12,504,610$0$0$7,405,979
98$13,690,246$0$0$8,110,416
99$14,993,988$0$0$8,885,101
100$16,427,792$0$0$9,737,147