Can I retire at age 51 with 402,000?

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 $402,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$33,197$32,901$32,613$32,331$32,056$30,833
2 years$16,434$16,128$15,831$15,544$15,265$14,047
3 years$10,847$10,540$10,244$9,959$9,685$8,510
4 years$8,054$7,748$7,455$7,175$6,907$5,785
5 years$6,379$6,074$5,785$5,511$5,251$4,184
6 years$5,263$4,960$4,675$4,407$4,155$3,144
7 years$4,465$4,166$3,885$3,623$3,379$2,424
8 years$3,868$3,571$3,295$3,040$2,803$1,904
9 years$3,403$3,109$2,838$2,589$2,361$1,515
10 years$3,032$2,740$2,474$2,232$2,011$1,217
11 years$2,728$2,440$2,178$1,942$1,730$986
12 years$2,475$2,190$1,933$1,704$1,499$804
13 years$2,261$1,979$1,727$1,504$1,307$658
14 years$2,078$1,799$1,552$1,335$1,146$541
15 years$1,920$1,643$1,401$1,191$1,009$446
16 years$1,781$1,508$1,270$1,066$892$369
17 years$1,659$1,388$1,156$958$791$306
18 years$1,550$1,283$1,055$863$703$254
19 years$1,453$1,189$966$780$627$211
20 years$1,366$1,105$887$707$560$175
21 years$1,288$1,029$815$641$501$146
22 years$1,216$961$752$583$449$122
23 years$1,151$898$694$531$403$102
24 years$1,091$842$642$484$362$85
25 years$1,036$790$594$442$326$71
26 years$986$742$551$404$294$59
27 years$939$699$512$370$265$49
28 years$896$658$476$339$239$41
29 years$856$621$443$311$216$35
30 years$818$587$413$285$195$29
31 years$783$555$385$262$176$24
32 years$751$525$359$241$159$20
33 years$720$497$335$222$144$17
34 years$691$471$313$204$131$14
35 years$664$447$293$188$118$12
36 years$638$424$274$173$107$10
37 years$614$403$256$159$97$8
38 years$592$383$240$147$88$7
39 years$570$364$225$135$80$6
40 years$550$346$211$125$72$5
41 years$530$330$198$115$66$4
42 years$512$314$185$106$60$3
43 years$494$299$174$98$54$3
44 years$478$285$163$91$49$2
45 years$462$272$153$84$45$2
46 years$447$259$144$77$40$2
47 years$432$247$135$71$37$1
48 years$418$236$127$66$33$1
49 years$405$226$119$61$30$1
50 years$392$216$112$56$28$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $402,000, adding $2,170 every year, while hoping to spend $22,953 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: 62/17/21 Blend
50$402,000$402,000$402,000$402,000
51$445,242$423,936$417,705$470,289
52$466,235$420,287$407,277$483,813
53$488,600$415,690$395,729$495,829
54$512,453$410,075$383,002$508,424
55$537,920$403,365$369,029$521,660
56$565,140$395,483$353,744$535,601
57$594,266$386,343$337,076$550,322
58$625,465$375,857$318,952$565,905
59$658,919$363,931$299,293$582,442
60$694,829$350,464$278,020$600,034
61$733,417$335,352$255,049$618,795
62$774,923$318,482$230,291$638,853
63$819,615$299,737$203,655$660,346
64$867,782$278,991$175,044$683,432
65$919,747$256,112$144,359$708,284
66$975,861$230,961$111,495$735,096
67$1,036,510$203,390$76,342$764,081
68$1,102,121$173,243$38,786$795,479
69$1,173,161$140,356$0$829,552
70$1,250,143$104,553$0$866,885
71$1,333,634$65,652$0$916,805
72$1,424,253$23,458$0$971,004
73$1,522,685$0$0$1,029,910
74$1,629,682$0$0$1,098,159
75$1,746,071$0$0$1,177,198
76$1,872,761$0$0$1,263,261
77$2,010,754$0$0$1,357,030
78$2,161,152$0$0$1,459,259
79$2,325,168$0$0$1,570,776
80$2,504,136$0$0$1,692,491
81$2,699,525$0$0$1,825,408
82$2,912,954$0$0$1,970,631
83$3,146,201$0$0$2,129,377
84$3,401,227$0$0$2,302,984
85$3,680,191$0$0$2,492,926
86$3,985,468$0$0$2,700,826
87$4,319,676$0$0$2,928,470
88$4,685,694$0$0$3,177,827
89$5,086,697$0$0$3,451,064
90$5,526,179$0$0$3,750,568
91$6,007,988$0$0$4,078,967
92$6,536,363$0$0$4,439,158
93$7,115,972$0$0$4,834,327
94$7,751,958$0$0$5,267,989
95$8,449,985$0$0$5,744,012
96$9,216,291$0$0$6,266,659
97$10,057,749$0$0$6,840,622
98$10,981,929$0$0$7,471,076
99$11,997,172$0$0$8,163,716
100$13,112,666$0$0$8,924,818