Can I retire at age 51 with 404,000?

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 $404,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$33,362$33,065$32,775$32,492$32,216$31,526
2 years$16,516$16,208$15,910$15,621$15,341$14,650
3 years$10,901$10,592$10,295$10,009$9,733$9,062
4 years$8,094$7,786$7,492$7,211$6,942$6,295
5 years$6,411$6,105$5,814$5,538$5,277$4,657
6 years$5,289$4,985$4,699$4,429$4,175$3,583
7 years$4,488$4,186$3,905$3,641$3,396$2,831
8 years$3,887$3,588$3,311$3,055$2,817$2,280
9 years$3,420$3,124$2,852$2,602$2,372$1,862
10 years$3,047$2,754$2,487$2,243$2,021$1,538
11 years$2,742$2,452$2,189$1,952$1,738$1,281
12 years$2,487$2,201$1,943$1,712$1,507$1,074
13 years$2,273$1,989$1,736$1,512$1,314$905
14 years$2,089$1,808$1,560$1,342$1,152$767
15 years$1,929$1,651$1,408$1,197$1,014$652
16 years$1,790$1,515$1,277$1,071$896$556
17 years$1,667$1,395$1,162$963$795$475
18 years$1,558$1,289$1,060$868$706$407
19 years$1,461$1,195$971$784$630$350
20 years$1,373$1,110$891$710$562$301
21 years$1,294$1,034$820$644$503$259
22 years$1,222$965$755$586$451$223
23 years$1,157$903$697$534$405$192
24 years$1,097$846$645$487$364$166
25 years$1,042$794$597$444$328$144
26 years$991$746$554$406$295$124
27 years$944$702$514$372$266$107
28 years$900$662$478$341$240$93
29 years$860$624$445$313$217$80
30 years$822$590$415$287$196$70
31 years$787$557$386$263$177$60
32 years$754$527$361$242$160$52
33 years$724$499$337$223$145$45
34 years$695$473$315$205$131$39
35 years$667$449$294$189$119$34
36 years$642$426$275$174$108$30
37 years$617$405$258$160$98$26
38 years$595$385$241$147$88$22
39 years$573$366$226$136$80$19
40 years$552$348$212$125$73$17
41 years$533$331$199$116$66$15
42 years$514$315$186$107$60$13
43 years$497$301$175$99$54$11
44 years$480$286$164$91$49$9
45 years$464$273$154$84$45$8
46 years$449$261$145$78$41$7
47 years$434$249$136$72$37$6
48 years$420$237$128$66$34$5
49 years$407$227$120$61$30$5
50 years$394$217$113$57$28$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $404,000, adding $2,737 every year, while hoping to spend $28,068 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: 48/32/20 Blend
50$404,000$404,000$404,000$404,000
51$448,031$426,619$420,357$466,885
52$463,866$417,659$404,575$471,323
53$480,376$407,320$387,323$473,086
54$497,599$395,503$368,524$474,413
55$515,578$382,107$348,093$475,275
56$534,358$367,022$325,946$475,641
57$553,989$350,132$301,991$475,480
58$574,524$331,316$276,136$474,760
59$596,020$310,446$248,281$473,448
60$618,540$287,384$218,325$471,510
61$642,152$261,986$186,159$468,912
62$666,928$234,100$151,672$465,617
63$692,949$203,565$114,747$461,590
64$720,300$170,210$75,262$456,794
65$749,077$133,856$33,089$451,193
66$779,381$94,313$0$444,749
67$811,324$51,381$0$439,968
68$845,026$4,846$0$441,972
69$880,622$0$0$443,687
70$918,254$0$0$461,136
71$958,081$0$0$481,428
72$1,000,275$0$0$502,948
73$1,045,022$0$0$525,794
74$1,092,530$0$0$550,074
75$1,143,023$0$0$575,906
76$1,196,746$0$0$603,419
77$1,253,968$0$0$632,754
78$1,314,985$0$0$664,067
79$1,380,118$0$0$697,528
80$1,449,721$0$0$733,321
81$1,524,182$0$0$771,652
82$1,603,926$0$0$812,744
83$1,689,419$0$0$856,843
84$1,781,171$0$0$904,217
85$1,879,744$0$0$955,163
86$1,985,753$0$0$1,010,004
87$2,099,875$0$0$1,069,099
88$2,222,853$0$0$1,132,837
89$2,355,501$0$0$1,201,649
90$2,498,715$0$0$1,276,007
91$2,653,480$0$0$1,356,432
92$2,820,878$0$0$1,443,494
93$3,002,099$0$0$1,537,820
94$3,198,448$0$0$1,640,100
95$3,411,364$0$0$1,751,095
96$3,642,428$0$0$1,871,637
97$3,893,379$0$0$2,002,645
98$4,166,128$0$0$2,145,129
99$4,462,780$0$0$2,300,201
100$4,785,649$0$0$2,469,082