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%12.9%
1 years$33,692$33,392$33,099$32,814$32,534$32,141
2 years$16,679$16,369$16,068$15,776$15,493$15,097
3 years$11,009$10,697$10,397$10,108$9,829$9,443
4 years$8,175$7,864$7,566$7,282$7,010$6,637
5 years$6,474$6,165$5,872$5,593$5,329$4,970
6 years$5,341$5,034$4,745$4,473$4,217$3,872
7 years$4,532$4,228$3,943$3,677$3,429$3,099
8 years$3,925$3,624$3,344$3,085$2,845$2,529
9 years$3,454$3,155$2,880$2,628$2,396$2,094
10 years$3,077$2,781$2,511$2,265$2,041$1,753
11 years$2,769$2,476$2,211$1,971$1,756$1,481
12 years$2,512$2,222$1,962$1,729$1,521$1,261
13 years$2,295$2,008$1,753$1,527$1,327$1,079
14 years$2,109$1,826$1,575$1,355$1,163$928
15 years$1,948$1,668$1,422$1,209$1,024$802
16 years$1,808$1,530$1,289$1,082$905$695
17 years$1,684$1,409$1,173$972$802$604
18 years$1,573$1,302$1,071$876$713$526
19 years$1,475$1,207$980$792$636$459
20 years$1,387$1,121$900$717$568$402
21 years$1,307$1,045$828$651$508$352
22 years$1,234$975$763$592$456$309
23 years$1,168$912$704$539$409$271
24 years$1,108$854$651$491$368$238
25 years$1,052$802$603$449$331$210
26 years$1,001$754$560$410$298$185
27 years$953$709$520$376$269$163
28 years$909$668$483$344$242$144
29 years$869$630$449$316$219$127
30 years$831$595$419$290$198$112
31 years$795$563$390$266$179$99
32 years$762$533$364$244$162$87
33 years$731$504$340$225$146$77
34 years$701$478$318$207$133$68
35 years$674$453$297$190$120$60
36 years$648$430$278$175$109$53
37 years$624$409$260$162$99$47
38 years$600$388$244$149$89$42
39 years$579$369$228$137$81$37
40 years$558$351$214$127$74$33
41 years$538$335$201$117$67$29
42 years$519$319$188$108$61$26
43 years$502$304$177$100$55$23
44 years$485$289$166$92$50$20
45 years$469$276$156$85$45$18
46 years$453$263$146$78$41$16
47 years$439$251$137$72$37$14
48 years$425$240$129$67$34$12
49 years$411$229$121$62$31$11
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 $3,041 every year, while hoping to spend $26,787 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: 24/46/30 Blend
50$408,000$408,000$408,000$408,000
51$452,753$431,129$424,805$459,313
52$470,432$423,753$410,535$457,811
53$489,018$415,118$394,889$453,759
54$508,572$405,134$377,792$448,866
55$529,166$393,705$359,168$443,078
56$550,876$380,731$338,935$436,342
57$573,783$366,105$317,007$428,602
58$597,979$349,714$293,296$419,800
59$623,561$331,438$267,710$409,876
60$650,637$311,151$240,151$398,767
61$679,324$288,720$210,518$386,408
62$709,751$264,002$178,706$372,732
63$742,056$236,849$144,604$357,671
64$776,394$207,103$108,096$341,152
65$812,932$174,597$69,063$323,102
66$851,853$139,155$27,379$303,446
67$893,359$100,589$0$282,106
68$937,668$58,705$0$264,479
69$985,022$13,293$0$254,717
70$1,035,685$0$0$244,011
71$1,089,947$0$0$250,480
72$1,148,125$0$0$264,676
73$1,210,568$0$0$279,963
74$1,277,658$0$0$296,441
75$1,349,815$0$0$314,218
76$1,427,500$0$0$333,417
77$1,511,218$0$0$354,169
78$1,601,527$0$0$376,620
79$1,699,036$0$0$400,930
80$1,804,418$0$0$427,275
81$1,918,408$0$0$455,850
82$2,041,819$0$0$486,867
83$2,175,541$0$0$520,559
84$2,320,555$0$0$557,185
85$2,477,938$0$0$597,028
86$2,648,876$0$0$640,400
87$2,834,672$0$0$687,644
88$3,036,762$0$0$739,138
89$3,256,722$0$0$795,296
90$3,496,290$0$0$856,577
91$3,757,377$0$0$923,483
92$4,042,085$0$0$996,569
93$4,352,729$0$0$1,076,445
94$4,691,857$0$0$1,163,783
95$5,062,273$0$0$1,259,321
96$5,467,065$0$0$1,363,875
97$5,909,631$0$0$1,478,340
98$6,393,714$0$0$1,603,704
99$6,923,435$0$0$1,741,054
100$7,503,331$0$0$1,891,588