Can I retire at age 51 with 408,000?

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 $408,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$33,692$33,392$33,099$32,814$32,534$32,168
2 years$16,679$16,369$16,068$15,776$15,493$15,124
3 years$11,009$10,697$10,397$10,108$9,829$9,469
4 years$8,175$7,864$7,566$7,282$7,010$6,662
5 years$6,474$6,165$5,872$5,593$5,329$4,994
6 years$5,341$5,034$4,745$4,473$4,217$3,894
7 years$4,532$4,228$3,943$3,677$3,429$3,120
8 years$3,925$3,624$3,344$3,085$2,845$2,549
9 years$3,454$3,155$2,880$2,628$2,396$2,113
10 years$3,077$2,781$2,511$2,265$2,041$1,772
11 years$2,769$2,476$2,211$1,971$1,756$1,499
12 years$2,512$2,222$1,962$1,729$1,521$1,277
13 years$2,295$2,008$1,753$1,527$1,327$1,095
14 years$2,109$1,826$1,575$1,355$1,163$943
15 years$1,948$1,668$1,422$1,209$1,024$815
16 years$1,808$1,530$1,289$1,082$905$708
17 years$1,684$1,409$1,173$972$802$616
18 years$1,573$1,302$1,071$876$713$537
19 years$1,475$1,207$980$792$636$470
20 years$1,387$1,121$900$717$568$412
21 years$1,307$1,045$828$651$508$361
22 years$1,234$975$763$592$456$317
23 years$1,168$912$704$539$409$279
24 years$1,108$854$651$491$368$246
25 years$1,052$802$603$449$331$217
26 years$1,001$754$560$410$298$191
27 years$953$709$520$376$269$169
28 years$909$668$483$344$242$149
29 years$869$630$449$316$219$132
30 years$831$595$419$290$198$116
31 years$795$563$390$266$179$103
32 years$762$533$364$244$162$91
33 years$731$504$340$225$146$81
34 years$701$478$318$207$133$71
35 years$674$453$297$190$120$63
36 years$648$430$278$175$109$56
37 years$624$409$260$162$99$50
38 years$600$388$244$149$89$44
39 years$579$369$228$137$81$39
40 years$558$351$214$127$74$35
41 years$538$335$201$117$67$31
42 years$519$319$188$108$61$27
43 years$502$304$177$100$55$24
44 years$485$289$166$92$50$21
45 years$469$276$156$85$45$19
46 years$453$263$146$78$41$17
47 years$439$251$137$72$37$15
48 years$425$240$129$67$34$13
49 years$411$229$121$62$31$12
50 years$398$219$114$57$28$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $408,000, adding $4,810 every year, while hoping to spend $27,519 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: 56/38/6 Blend
50$408,000$408,000$408,000$408,000
51$454,578$432,954$426,630$479,182
52$471,664$424,888$411,642$488,245
53$489,572$415,505$395,229$494,610
54$508,355$404,712$377,316$500,861
55$528,072$392,407$357,821$506,992
56$548,788$378,488$336,661$512,994
57$570,573$362,842$313,747$518,862
58$593,502$345,353$288,989$524,589
59$617,660$325,896$262,291$530,172
60$643,136$304,340$233,552$535,608
61$670,029$280,545$202,669$540,896
62$698,445$254,365$169,532$546,036
63$728,502$225,644$134,027$551,033
64$760,328$194,219$96,035$555,891
65$794,061$159,916$55,432$560,621
66$829,855$122,552$12,089$565,236
67$867,876$81,933$0$569,753
68$908,307$37,855$0$576,381
69$951,347$0$0$583,931
70$997,214$0$0$595,809
71$1,046,148$0$0$625,389
72$1,098,410$0$0$657,005
73$1,154,288$0$0$690,832
74$1,214,097$0$0$727,064
75$1,278,181$0$0$765,913
76$1,346,920$0$0$807,612
77$1,420,728$0$0$852,417
78$1,500,063$0$0$900,609
79$1,585,423$0$0$952,496
80$1,677,360$0$0$1,008,416
81$1,776,476$0$0$1,068,741
82$1,883,435$0$0$1,133,880
83$1,998,965$0$0$1,204,280
84$2,123,867$0$0$1,280,436
85$2,259,020$0$0$1,362,889
86$2,405,393$0$0$1,452,236
87$2,564,048$0$0$1,549,131
88$2,736,155$0$0$1,654,296
89$2,923,000$0$0$1,768,524
90$3,125,997$0$0$1,892,685
91$3,346,703$0$0$2,027,739
92$3,586,830$0$0$2,174,743
93$3,848,260$0$0$2,334,855
94$4,133,067$0$0$2,509,356
95$4,443,531$0$0$2,699,650
96$4,782,162$0$0$2,907,287
97$5,151,724$0$0$3,133,968
98$5,555,257$0$0$3,381,571
99$5,996,110$0$0$3,652,159
100$6,477,967$0$0$3,948,006