Can I retire at age 51 with 407,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $407,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$33,610$33,310$33,018$32,733$32,455$32,304
2 years$16,638$16,329$16,028$15,737$15,455$15,303
3 years$10,982$10,671$10,371$10,083$9,805$9,657
4 years$8,155$7,844$7,548$7,264$6,993$6,849
5 years$6,458$6,150$5,857$5,580$5,316$5,177
6 years$5,328$5,022$4,734$4,462$4,206$4,072
7 years$4,521$4,217$3,934$3,668$3,421$3,292
8 years$3,916$3,615$3,336$3,077$2,838$2,714
9 years$3,446$3,148$2,873$2,621$2,390$2,271
10 years$3,069$2,774$2,505$2,260$2,036$1,923
11 years$2,762$2,470$2,205$1,966$1,751$1,642
12 years$2,506$2,217$1,957$1,725$1,518$1,414
13 years$2,289$2,003$1,749$1,523$1,323$1,224
14 years$2,104$1,821$1,571$1,352$1,160$1,066
15 years$1,943$1,664$1,419$1,206$1,021$931
16 years$1,803$1,526$1,286$1,079$903$817
17 years$1,679$1,406$1,170$970$800$719
18 years$1,570$1,299$1,068$874$712$635
19 years$1,471$1,204$978$790$634$561
20 years$1,383$1,119$898$715$567$497
21 years$1,304$1,042$826$649$507$442
22 years$1,231$973$761$590$455$393
23 years$1,165$910$703$538$408$350
24 years$1,105$852$650$490$367$312
25 years$1,049$800$602$448$330$278
26 years$998$752$558$409$297$248
27 years$951$707$518$375$268$222
28 years$907$667$482$343$242$199
29 years$866$629$448$315$218$178
30 years$828$594$418$289$197$159
31 years$793$561$389$265$178$143
32 years$760$531$363$244$161$128
33 years$729$503$339$224$146$115
34 years$700$477$317$206$132$103
35 years$672$452$296$190$120$92
36 years$646$429$277$175$108$83
37 years$622$408$259$161$98$74
38 years$599$387$243$149$89$67
39 years$577$368$228$137$81$60
40 years$556$351$213$126$73$54
41 years$537$334$200$117$67$49
42 years$518$318$188$108$60$44
43 years$500$303$176$99$55$39
44 years$484$289$165$92$50$35
45 years$467$275$155$85$45$32
46 years$452$263$146$78$41$29
47 years$438$251$137$72$37$26
48 years$424$239$129$67$34$23
49 years$410$228$121$62$31$21
50 years$397$218$114$57$28$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $407,000, adding $2,014 every year, while hoping to spend $26,170 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: 47/44/9 Blend
50$407,000$407,000$407,000$407,000
51$450,591$429,020$422,712$470,566
52$468,707$422,198$409,028$477,697
53$487,793$414,164$394,009$482,541
54$507,922$404,831$377,582$487,196
55$529,170$394,108$359,671$491,654
56$551,623$381,897$340,197$495,905
57$575,373$368,095$319,079$499,944
58$600,522$352,592$296,228$503,762
59$627,179$335,273$271,556$507,357
60$655,465$316,015$244,967$510,725
61$685,513$294,690$216,363$513,866
62$717,466$271,160$185,642$516,782
63$751,482$245,282$152,696$519,478
64$787,734$216,901$117,412$521,962
65$826,411$185,858$79,673$524,248
66$867,720$151,980$39,358$526,353
67$911,889$115,089$0$528,299
68$959,167$74,993$0$530,467
69$1,009,826$31,492$0$536,597
70$1,064,166$0$0$542,964
71$1,122,516$0$0$557,199
72$1,185,237$0$0$588,923
73$1,252,725$0$0$623,091
74$1,325,414$0$0$659,929
75$1,403,782$0$0$699,682
76$1,488,353$0$0$742,622
77$1,579,704$0$0$789,046
78$1,678,469$0$0$839,282
79$1,785,343$0$0$893,690
80$1,901,092$0$0$952,664
81$2,026,557$0$0$1,016,640
82$2,162,663$0$0$1,086,095
83$2,310,429$0$0$1,161,557
84$2,470,972$0$0$1,243,603
85$2,645,525$0$0$1,332,870
86$2,835,441$0$0$1,430,058
87$3,042,211$0$0$1,535,939
88$3,267,474$0$0$1,651,360
89$3,513,035$0$0$1,777,255
90$3,780,880$0$0$1,914,650
91$4,073,196$0$0$2,064,678
92$4,392,387$0$0$2,228,583
93$4,741,103$0$0$2,407,735
94$5,122,261$0$0$2,603,644
95$5,539,069$0$0$2,817,970
96$5,995,064$0$0$3,052,543
97$6,494,137$0$0$3,309,378
98$7,040,574$0$0$3,590,693
99$7,639,094$0$0$3,898,929
100$8,294,896$0$0$4,236,779