Can I retire at age 51 with 399,000?

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 $399,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$32,949$32,656$32,369$32,090$31,817$31,367
2 years$16,311$16,008$15,713$15,428$15,151$14,699
3 years$10,766$10,461$10,167$9,885$9,612$9,172
4 years$7,994$7,690$7,399$7,121$6,856$6,430
5 years$6,331$6,029$5,742$5,470$5,212$4,802
6 years$5,223$4,923$4,641$4,374$4,124$3,731
7 years$4,432$4,135$3,856$3,596$3,354$2,978
8 years$3,839$3,544$3,270$3,017$2,782$2,423
9 years$3,378$3,086$2,817$2,570$2,343$2,000
10 years$3,009$2,720$2,456$2,215$1,996$1,670
11 years$2,708$2,421$2,162$1,928$1,717$1,407
12 years$2,457$2,173$1,919$1,691$1,488$1,193
13 years$2,244$1,964$1,714$1,493$1,297$1,018
14 years$2,063$1,785$1,540$1,325$1,137$873
15 years$1,905$1,631$1,391$1,182$1,001$751
16 years$1,768$1,496$1,261$1,058$885$649
17 years$1,646$1,378$1,147$951$785$562
18 years$1,539$1,273$1,047$857$698$488
19 years$1,443$1,180$959$774$622$424
20 years$1,356$1,097$880$701$556$370
21 years$1,278$1,021$809$636$497$323
22 years$1,207$954$746$579$446$282
23 years$1,142$892$689$527$400$247
24 years$1,083$836$637$481$360$216
25 years$1,029$784$590$439$324$189
26 years$979$737$547$401$291$166
27 years$932$694$508$367$263$146
28 years$889$654$472$337$237$128
29 years$849$617$440$309$214$113
30 years$812$582$409$283$193$99
31 years$777$550$382$260$175$87
32 years$745$521$356$239$158$77
33 years$715$493$333$220$143$67
34 years$686$467$311$202$130$59
35 years$659$443$290$186$117$52
36 years$634$421$272$172$106$46
37 years$610$400$254$158$96$40
38 years$587$380$238$146$87$36
39 years$566$361$223$134$79$31
40 years$545$344$209$124$72$28
41 years$526$327$196$114$65$24
42 years$508$312$184$105$59$21
43 years$491$297$173$97$54$19
44 years$474$283$162$90$49$17
45 years$458$270$152$83$44$15
46 years$443$257$143$77$40$13
47 years$429$246$134$71$36$11
48 years$415$234$126$65$33$10
49 years$402$224$119$61$30$9
50 years$390$214$111$56$27$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $399,000, adding $6,620 every year, while hoping to spend $29,092 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: 48/42/10 Blend
50$399,000$399,000$399,000$399,000
51$446,527$425,380$419,195$466,434
52$461,119$415,269$402,284$470,705
53$476,224$403,689$383,832$471,757
54$491,864$390,535$363,756$472,233
55$508,063$375,700$341,970$472,089
56$524,843$359,067$318,384$471,278
57$542,231$340,515$292,904$469,749
58$560,254$319,916$265,432$467,451
59$578,941$297,133$235,865$464,328
60$598,323$272,022$204,096$460,321
61$618,432$244,431$170,013$455,371
62$639,303$214,200$133,500$449,412
63$660,974$181,157$94,434$442,376
64$683,483$145,124$52,687$434,192
65$706,874$105,910$8,128$424,786
66$731,191$63,316$0$414,079
67$756,483$17,129$0$406,195
68$782,803$0$0$398,040
69$810,206$0$0$403,863
70$838,751$0$0$418,185
71$868,505$0$0$433,121
72$899,536$0$0$448,707
73$931,918$0$0$464,982
74$965,734$0$0$481,988
75$1,001,070$0$0$499,771
76$1,038,020$0$0$518,379
77$1,076,687$0$0$537,865
78$1,117,180$0$0$558,287
79$1,159,620$0$0$579,707
80$1,204,136$0$0$602,194
81$1,250,870$0$0$625,819
82$1,299,973$0$0$650,664
83$1,351,612$0$0$676,815
84$1,405,969$0$0$704,366
85$1,463,240$0$0$733,421
86$1,523,638$0$0$764,091
87$1,587,399$0$0$796,499
88$1,654,776$0$0$830,779
89$1,726,047$0$0$867,076
90$1,801,517$0$0$905,550
91$1,881,516$0$0$946,374
92$1,966,407$0$0$989,738
93$2,056,585$0$0$1,035,851
94$2,152,484$0$0$1,084,939
95$2,254,577$0$0$1,137,253
96$2,363,385$0$0$1,193,065
97$2,479,474$0$0$1,252,674
98$2,603,467$0$0$1,316,407
99$2,736,047$0$0$1,384,623
100$2,877,961$0$0$1,457,717