Can I retire at age 51 with 401,000?

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 $401,000?

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$33,114$32,819$32,531$32,251$31,976$31,102
2 years$16,393$16,088$15,792$15,505$15,227$14,353
3 years$10,820$10,514$10,218$9,934$9,661$8,814
4 years$8,034$7,729$7,436$7,157$6,890$6,077
5 years$6,363$6,059$5,771$5,497$5,238$4,460
6 years$5,249$4,948$4,664$4,396$4,144$3,404
7 years$4,454$4,155$3,876$3,614$3,370$2,667
8 years$3,858$3,562$3,287$3,032$2,796$2,129
9 years$3,395$3,101$2,831$2,583$2,355$1,723
10 years$3,024$2,734$2,468$2,226$2,006$1,410
11 years$2,721$2,434$2,173$1,937$1,726$1,163
12 years$2,469$2,184$1,928$1,699$1,495$965
13 years$2,256$1,974$1,723$1,500$1,304$806
14 years$2,073$1,794$1,548$1,332$1,143$675
15 years$1,915$1,639$1,398$1,188$1,006$568
16 years$1,777$1,504$1,267$1,064$889$479
17 years$1,655$1,385$1,153$956$789$405
18 years$1,547$1,280$1,053$861$701$344
19 years$1,450$1,186$964$778$625$292
20 years$1,363$1,102$884$705$558$248
21 years$1,284$1,027$813$640$500$211
22 years$1,213$958$750$582$448$180
23 years$1,148$896$692$530$402$153
24 years$1,089$840$640$483$361$131
25 years$1,034$788$593$441$325$112
26 years$983$741$550$403$293$95
27 years$937$697$511$369$264$82
28 years$894$657$475$338$238$70
29 years$854$620$442$310$215$60
30 years$816$585$411$285$194$51
31 years$781$553$384$261$176$44
32 years$749$523$358$240$159$37
33 years$718$496$334$221$144$32
34 years$689$470$312$203$130$27
35 years$662$446$292$187$118$23
36 years$637$423$273$172$107$20
37 years$613$402$256$159$97$17
38 years$590$382$239$146$88$15
39 years$569$363$224$135$80$13
40 years$548$345$210$124$72$11
41 years$529$329$197$115$66$9
42 years$511$313$185$106$59$8
43 years$493$298$173$98$54$7
44 years$476$284$163$90$49$6
45 years$461$271$153$83$44$5
46 years$445$259$144$77$40$4
47 years$431$247$135$71$37$4
48 years$417$236$127$66$33$3
49 years$404$225$119$61$30$3
50 years$392$215$112$56$27$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $401,000, adding $6,623 every year, while hoping to spend $20,297 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: 49/32/19 Blend
50$401,000$401,000$401,000$401,000
51$448,734$427,481$421,265$468,034
52$472,909$426,831$413,782$481,448
53$498,869$425,470$405,367$493,405
54$526,776$423,340$395,969$505,965
55$556,806$420,382$385,533$519,190
56$589,151$416,533$374,000$533,153
57$624,027$411,724$361,310$547,935
58$661,665$405,886$347,402$563,625
59$702,322$398,943$332,207$580,323
60$746,282$390,813$315,659$598,143
61$793,853$381,414$297,684$617,209
62$845,378$370,655$278,208$637,660
63$901,230$358,441$257,152$659,651
64$961,823$344,672$234,434$683,356
65$1,027,609$329,241$209,967$708,966
66$1,099,087$312,035$183,663$736,695
67$1,176,806$292,937$155,428$766,782
68$1,261,369$271,819$125,163$799,491
69$1,353,440$248,550$92,768$835,115
70$1,453,749$222,988$58,134$873,982
71$1,563,101$194,984$21,152$916,453
72$1,682,381$164,382$0$962,931
73$1,812,563$131,015$0$1,017,576
74$1,954,718$94,709$0$1,081,988
75$2,110,027$55,277$0$1,152,448
76$2,279,790$12,526$0$1,229,593
77$2,465,436$0$0$1,314,126
78$2,668,541$0$0$1,418,708
79$2,890,840$0$0$1,538,044
80$3,134,241$0$0$1,668,753
81$3,400,847$0$0$1,811,969
82$3,692,976$0$0$1,968,943
83$4,013,177$0$0$2,141,052
84$4,364,259$0$0$2,329,811
85$4,749,316$0$0$2,536,890
86$5,171,756$0$0$2,764,128
87$5,635,332$0$0$3,013,551
88$6,144,178$0$0$3,287,392
89$6,702,849$0$0$3,588,107
90$7,316,362$0$0$3,918,406
91$7,990,242$0$0$4,281,271
92$8,730,578$0$0$4,679,988
93$9,544,076$0$0$5,118,179
94$10,438,125$0$0$5,599,831
95$11,420,864$0$0$6,129,340
96$12,501,261$0$0$6,711,545
97$13,689,196$0$0$7,351,781
98$14,995,553$0$0$8,055,924
99$16,432,326$0$0$8,830,450
100$18,012,727$0$0$9,682,490