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%17.9%
1 years$33,362$33,065$32,775$32,492$32,216$31,184
2 years$16,516$16,208$15,910$15,621$15,341$14,311
3 years$10,901$10,592$10,295$10,009$9,733$8,737
4 years$8,094$7,786$7,492$7,211$6,942$5,988
5 years$6,411$6,105$5,814$5,538$5,277$4,367
6 years$5,289$4,985$4,699$4,429$4,175$3,311
7 years$4,488$4,186$3,905$3,641$3,396$2,576
8 years$3,887$3,588$3,311$3,055$2,817$2,042
9 years$3,420$3,124$2,852$2,602$2,372$1,641
10 years$3,047$2,754$2,487$2,243$2,021$1,332
11 years$2,742$2,452$2,189$1,952$1,738$1,091
12 years$2,487$2,201$1,943$1,712$1,507$898
13 years$2,273$1,989$1,736$1,512$1,314$744
14 years$2,089$1,808$1,560$1,342$1,152$618
15 years$1,929$1,651$1,408$1,197$1,014$516
16 years$1,790$1,515$1,277$1,071$896$431
17 years$1,667$1,395$1,162$963$795$362
18 years$1,558$1,289$1,060$868$706$304
19 years$1,461$1,195$971$784$630$256
20 years$1,373$1,110$891$710$562$215
21 years$1,294$1,034$820$644$503$182
22 years$1,222$965$755$586$451$153
23 years$1,157$903$697$534$405$129
24 years$1,097$846$645$487$364$109
25 years$1,042$794$597$444$328$92
26 years$991$746$554$406$295$78
27 years$944$702$514$372$266$66
28 years$900$662$478$341$240$56
29 years$860$624$445$313$217$47
30 years$822$590$415$287$196$40
31 years$787$557$386$263$177$34
32 years$754$527$361$242$160$29
33 years$724$499$337$223$145$24
34 years$695$473$315$205$131$21
35 years$667$449$294$189$119$18
36 years$642$426$275$174$108$15
37 years$617$405$258$160$98$13
38 years$595$385$241$147$88$11
39 years$573$366$226$136$80$9
40 years$552$348$212$125$73$8
41 years$533$331$199$116$66$7
42 years$514$315$186$107$60$6
43 years$497$301$175$99$54$5
44 years$480$286$164$91$49$4
45 years$464$273$154$84$45$3
46 years$449$261$145$78$41$3
47 years$434$249$136$72$37$2
48 years$420$237$128$66$34$2
49 years$407$227$120$61$30$2
50 years$394$217$113$57$28$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $404,000, adding $3,894 every year, while hoping to spend $20,979 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: 86/5/9 Blend
50$404,000$404,000$404,000$404,000
51$449,225$427,813$421,551$487,014
52$472,724$426,454$413,351$510,905
53$497,917$424,326$404,174$533,882
54$524,955$421,368$393,964$558,469
55$554,002$417,517$382,663$584,814
56$585,241$412,705$370,213$613,081
57$618,870$406,862$356,549$643,449
58$655,108$399,912$341,607$676,114
59$694,195$391,774$325,317$711,295
60$736,396$382,363$307,608$749,230
61$782,000$371,591$288,404$790,182
62$831,325$359,360$267,628$834,442
63$884,724$345,572$245,197$882,329
64$942,580$330,120$221,025$934,193
65$1,005,317$312,890$195,024$990,423
66$1,073,401$293,763$167,099$1,051,446
67$1,147,345$272,614$137,153$1,117,730
68$1,227,711$249,309$105,084$1,189,793
69$1,315,119$223,707$70,786$1,268,206
70$1,410,252$195,659$34,148$1,353,597
71$1,513,859$165,008$0$1,446,659
72$1,626,767$131,588$0$1,548,629
73$1,749,884$95,222$0$1,663,402
74$1,884,211$55,726$0$1,788,635
75$2,030,847$12,904$0$1,925,359
76$2,191,006$0$0$2,074,714
77$2,366,021$0$0$2,239,791
78$2,557,360$0$0$2,421,048
79$2,766,642$0$0$2,619,305
80$2,995,645$0$0$2,836,252
81$3,246,331$0$0$3,073,745
82$3,520,859$0$0$3,333,830
83$3,821,606$0$0$3,618,760
84$4,151,190$0$0$3,931,018
85$4,512,495$0$0$4,273,334
86$4,908,696$0$0$4,648,720
87$5,343,292$0$0$5,060,489
88$5,820,134$0$0$5,512,293
89$6,343,467$0$0$6,008,154
90$6,917,964$0$0$6,552,501
91$7,548,775$0$0$7,150,214
92$8,241,573$0$0$7,806,668
93$9,002,604$0$0$8,527,786
94$9,838,753$0$0$9,320,090
95$10,757,603$0$0$10,190,767
96$11,767,507$0$0$11,147,734
97$12,877,669$0$0$12,199,713
98$14,098,229$0$0$13,356,313
99$15,440,357$0$0$14,628,122
100$16,916,362$0$0$16,026,804