Can I retire at age 51 with 407,000?

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 $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%15.3%
1 years$33,610$33,310$33,018$32,733$32,455$31,748
2 years$16,638$16,329$16,028$15,737$15,455$14,746
3 years$10,982$10,671$10,371$10,083$9,805$9,117
4 years$8,155$7,844$7,548$7,264$6,993$6,330
5 years$6,458$6,150$5,857$5,580$5,316$4,681
6 years$5,328$5,022$4,734$4,462$4,206$3,599
7 years$4,521$4,217$3,934$3,668$3,421$2,842
8 years$3,916$3,615$3,336$3,077$2,838$2,287
9 years$3,446$3,148$2,873$2,621$2,390$1,867
10 years$3,069$2,774$2,505$2,260$2,036$1,541
11 years$2,762$2,470$2,205$1,966$1,751$1,282
12 years$2,506$2,217$1,957$1,725$1,518$1,075
13 years$2,289$2,003$1,749$1,523$1,323$905
14 years$2,104$1,821$1,571$1,352$1,160$766
15 years$1,943$1,664$1,419$1,206$1,021$651
16 years$1,803$1,526$1,286$1,079$903$555
17 years$1,679$1,406$1,170$970$800$474
18 years$1,570$1,299$1,068$874$712$406
19 years$1,471$1,204$978$790$634$348
20 years$1,383$1,119$898$715$567$299
21 years$1,304$1,042$826$649$507$257
22 years$1,231$973$761$590$455$222
23 years$1,165$910$703$538$408$191
24 years$1,105$852$650$490$367$165
25 years$1,049$800$602$448$330$142
26 years$998$752$558$409$297$123
27 years$951$707$518$375$268$106
28 years$907$667$482$343$242$92
29 years$866$629$448$315$218$80
30 years$828$594$418$289$197$69
31 years$793$561$389$265$178$60
32 years$760$531$363$244$161$52
33 years$729$503$339$224$146$45
34 years$700$477$317$206$132$39
35 years$672$452$296$190$120$34
36 years$646$429$277$175$108$29
37 years$622$408$259$161$98$25
38 years$599$387$243$149$89$22
39 years$577$368$228$137$81$19
40 years$556$351$213$126$73$16
41 years$537$334$200$117$67$14
42 years$518$318$188$108$60$12
43 years$500$303$176$99$55$11
44 years$484$289$165$92$50$9
45 years$467$275$155$85$45$8
46 years$452$263$146$78$41$7
47 years$438$251$137$72$37$6
48 years$424$239$129$67$34$5
49 years$410$228$121$62$31$5
50 years$397$218$114$57$28$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $407,000, adding $5,645 every year, while hoping to spend $22,773 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: 69/25/6 Blend
50$407,000$407,000$407,000$407,000
51$454,337$432,766$426,457$484,913
52$476,449$429,741$416,513$502,861
53$500,053$425,805$405,473$519,157
54$525,278$420,888$393,275$536,358
55$552,263$414,919$379,857$554,548
56$581,163$407,819$365,152$573,820
57$612,147$399,508$349,090$594,277
58$645,400$389,898$331,598$616,033
59$681,126$378,897$312,602$639,213
60$719,547$366,410$292,020$663,957
61$760,909$352,332$269,771$690,419
62$805,481$336,555$245,767$718,770
63$853,558$318,965$219,919$749,199
64$905,466$299,439$192,131$781,916
65$961,561$277,849$162,305$817,151
66$1,022,235$254,059$130,337$855,162
67$1,087,920$227,925$96,120$896,232
68$1,159,090$199,294$59,542$940,674
69$1,236,265$168,008$20,484$988,836
70$1,320,018$133,895$0$1,041,101
71$1,410,981$96,777$0$1,099,250
72$1,509,846$56,464$0$1,163,884
73$1,617,376$12,756$0$1,234,217
74$1,734,410$0$0$1,310,833
75$1,861,872$0$0$1,403,881
76$2,000,777$0$0$1,509,129
77$2,152,244$0$0$1,623,916
78$2,317,502$0$0$1,749,178
79$2,497,908$0$0$1,885,946
80$2,694,952$0$0$2,035,352
81$2,910,276$0$0$2,198,643
82$3,145,686$0$0$2,377,195
83$3,403,173$0$0$2,572,519
84$3,684,927$0$0$2,786,281
85$3,993,361$0$0$3,020,315
86$4,331,132$0$0$3,276,640
87$4,701,164$0$0$3,557,480
88$5,106,679$0$0$3,865,284
89$5,551,226$0$0$4,202,750
90$6,038,712$0$0$4,572,849
91$6,573,442$0$0$4,978,852
92$7,160,155$0$0$5,424,364
93$7,804,075$0$0$5,913,355
94$8,510,951$0$0$6,450,198
95$9,287,122$0$0$7,039,709
96$10,139,565$0$0$7,687,196
97$11,075,971$0$0$8,398,504
98$12,104,807$0$0$9,180,073
99$13,235,407$0$0$10,038,996
100$14,478,049$0$0$10,983,091