Can I retire at age 51 with 412,000?

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 $412,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$34,023$33,720$33,424$33,135$32,853$31,878
2 years$16,843$16,529$16,225$15,930$15,645$14,670
3 years$11,117$10,802$10,499$10,207$9,926$8,983
4 years$8,255$7,941$7,640$7,353$7,079$6,175
5 years$6,538$6,226$5,929$5,648$5,381$4,518
6 years$5,393$5,084$4,792$4,517$4,258$3,436
7 years$4,576$4,269$3,982$3,714$3,463$2,683
8 years$3,964$3,660$3,377$3,115$2,873$2,134
9 years$3,488$3,186$2,909$2,653$2,419$1,721
10 years$3,107$2,809$2,536$2,287$2,061$1,403
11 years$2,796$2,500$2,232$1,991$1,773$1,153
12 years$2,537$2,244$1,981$1,746$1,536$953
13 years$2,318$2,028$1,770$1,542$1,340$792
14 years$2,130$1,843$1,590$1,368$1,174$662
15 years$1,967$1,684$1,436$1,220$1,034$554
16 years$1,825$1,545$1,302$1,093$914$466
17 years$1,700$1,423$1,185$982$810$392
18 years$1,589$1,315$1,081$885$720$331
19 years$1,490$1,219$990$799$642$279
20 years$1,400$1,132$909$724$574$236
21 years$1,320$1,055$836$657$513$200
22 years$1,246$985$770$597$460$170
23 years$1,179$921$711$544$413$144
24 years$1,118$863$658$496$371$122
25 years$1,062$810$609$453$334$104
26 years$1,010$761$565$414$301$88
27 years$963$716$525$379$271$75
28 years$918$675$488$348$245$64
29 years$877$637$454$319$221$54
30 years$839$601$423$292$200$46
31 years$803$568$394$269$181$39
32 years$769$538$368$247$163$34
33 years$738$509$343$227$148$29
34 years$708$483$321$209$134$24
35 years$681$458$300$192$121$21
36 years$654$435$281$177$110$18
37 years$630$413$263$163$100$15
38 years$606$392$246$150$90$13
39 years$584$373$230$139$82$11
40 years$563$355$216$128$74$9
41 years$543$338$203$118$67$8
42 years$525$322$190$109$61$7
43 years$507$307$178$101$55$6
44 years$490$292$167$93$50$5
45 years$473$279$157$86$46$4
46 years$458$266$148$79$41$4
47 years$443$254$139$73$38$3
48 years$429$242$130$68$34$3
49 years$415$231$122$62$31$2
50 years$402$221$115$58$28$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $412,000, adding $5,528 every year, while hoping to spend $21,628 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: 47/34/19 Blend
50$412,000$412,000$412,000$412,000
51$459,726$437,890$431,504$478,616
52$483,606$436,335$422,947$490,787
53$509,197$433,978$413,379$501,374
54$536,651$430,759$402,743$512,409
55$566,133$426,610$390,979$523,944
56$597,827$421,462$378,025$536,037
57$631,934$415,242$363,817$548,752
58$668,672$407,870$348,286$562,161
59$708,285$399,264$331,362$576,348
60$751,038$389,336$312,971$591,402
61$797,222$377,992$293,034$607,428
62$847,160$365,134$271,471$624,541
63$901,202$350,657$248,197$642,868
64$959,737$334,452$223,124$662,555
65$1,023,191$316,401$196,159$683,762
66$1,092,032$296,380$167,207$706,668
67$1,166,776$274,260$136,165$731,476
68$1,247,989$249,901$102,929$758,407
69$1,336,296$223,158$67,389$787,713
70$1,432,382$193,877$29,430$819,669
71$1,537,002$161,894$0$854,587
72$1,650,987$127,037$0$895,055
73$1,775,250$89,124$0$945,725
74$1,910,798$47,963$0$1,001,076
75$2,058,737$3,351$0$1,061,608
76$2,220,287$0$0$1,127,877
77$2,396,789$0$0$1,217,305
78$2,589,720$0$0$1,316,473
79$2,800,706$0$0$1,424,969
80$3,031,539$0$0$1,543,719
81$3,284,189$0$0$1,673,744
82$3,560,827$0$0$1,816,167
83$3,863,845$0$0$1,972,226
84$4,195,875$0$0$2,143,284
85$4,559,816$0$0$2,330,841
86$4,958,861$0$0$2,536,550
87$5,396,529$0$0$2,762,233
88$5,876,692$0$0$3,009,894
89$6,403,619$0$0$3,281,743
90$6,982,008$0$0$3,580,213
91$7,617,037$0$0$3,907,984
92$8,314,409$0$0$4,268,010
93$9,080,407$0$0$4,663,543
94$9,921,952$0$0$5,098,166
95$10,846,668$0$0$5,575,828
96$11,862,953$0$0$6,100,877
97$12,980,063$0$0$6,678,105
98$14,208,191$0$0$7,312,791
99$15,558,569$0$0$8,010,750
100$17,043,572$0$0$8,778,391