Can I retire at age 51 with 414,000?

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 $414,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$34,188$33,883$33,586$33,296$33,013$31,728
2 years$16,925$16,609$16,304$16,008$15,720$14,442
3 years$11,171$10,854$10,550$10,256$9,974$8,741
4 years$8,295$7,979$7,677$7,389$7,113$5,936
5 years$6,569$6,256$5,958$5,676$5,407$4,289
6 years$5,420$5,108$4,815$4,539$4,279$3,219
7 years$4,599$4,290$4,001$3,732$3,480$2,479
8 years$3,983$3,677$3,393$3,130$2,887$1,944
9 years$3,505$3,202$2,923$2,666$2,431$1,545
10 years$3,122$2,822$2,548$2,298$2,071$1,240
11 years$2,809$2,512$2,243$2,000$1,781$1,004
12 years$2,549$2,255$1,991$1,755$1,544$817
13 years$2,329$2,038$1,779$1,549$1,346$668
14 years$2,140$1,852$1,598$1,375$1,180$548
15 years$1,977$1,692$1,443$1,226$1,039$452
16 years$1,834$1,553$1,308$1,098$918$373
17 years$1,708$1,430$1,190$987$814$308
18 years$1,597$1,321$1,087$889$724$256
19 years$1,497$1,224$995$803$645$212
20 years$1,407$1,138$913$728$576$176
21 years$1,326$1,060$840$660$516$147
22 years$1,252$989$774$600$462$122
23 years$1,185$925$715$547$415$102
24 years$1,124$867$661$499$373$85
25 years$1,067$814$612$455$336$71
26 years$1,015$765$568$416$302$59
27 years$967$720$527$381$273$49
28 years$923$678$490$349$246$41
29 years$881$640$456$320$222$34
30 years$843$604$425$294$201$29
31 years$807$571$396$270$181$24
32 years$773$540$370$248$164$20
33 years$741$512$345$228$149$17
34 years$712$485$322$210$134$14
35 years$684$460$301$193$122$12
36 years$658$437$282$178$110$10
37 years$633$415$264$164$100$8
38 years$609$394$247$151$91$7
39 years$587$375$232$139$82$6
40 years$566$357$217$129$75$5
41 years$546$339$203$119$68$4
42 years$527$323$191$109$61$3
43 years$509$308$179$101$56$3
44 years$492$294$168$93$51$2
45 years$476$280$158$86$46$2
46 years$460$267$148$80$42$2
47 years$445$255$139$74$38$1
48 years$431$243$131$68$34$1
49 years$417$232$123$63$31$1
50 years$404$222$116$58$28$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $414,000, adding $2,184 every year, while hoping to spend $33,331 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: 67/18/15 Blend
50$414,000$414,000$414,000$414,000
51$458,481$436,539$430,122$487,436
52$469,782$422,465$409,067$492,959
53$481,119$406,585$386,190$494,876
54$492,459$388,774$361,394$496,137
55$503,768$368,902$334,578$496,675
56$515,005$346,831$305,639$496,418
57$526,123$322,413$274,465$495,288
58$537,070$295,494$240,942$493,198
59$547,788$265,910$204,951$490,057
60$558,212$233,489$166,366$485,764
61$568,267$198,048$125,057$480,210
62$577,871$159,393$80,888$473,276
63$586,932$117,320$33,715$464,834
64$595,345$71,615$0$454,743
65$602,995$22,050$0$445,513
66$609,754$0$0$440,249
67$615,478$0$0$439,656
68$620,007$0$0$442,535
69$623,163$0$0$444,385
70$624,749$0$0$445,060
71$624,543$0$0$444,398
72$622,303$0$0$442,217
73$617,758$0$0$438,317
74$610,606$0$0$432,476
75$600,514$0$0$424,446
76$587,113$0$0$413,956
77$569,994$0$0$400,700
78$548,703$0$0$384,346
79$522,738$0$0$364,520
80$491,544$0$0$340,813
81$454,506$0$0$312,770
82$410,945$0$0$279,888
83$360,107$0$0$241,611
84$301,162$0$0$197,325
85$233,191$0$0$146,351
86$155,178$0$0$87,937
87$66,001$0$0$21,256
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0