Can I retire at age 51 with 418,000?

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 $418,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$34,518$34,211$33,911$33,618$33,332$32,213
2 years$17,088$16,770$16,461$16,162$15,872$14,756
3 years$11,279$10,959$10,652$10,355$10,070$8,992
4 years$8,375$8,056$7,752$7,460$7,182$6,150
5 years$6,633$6,316$6,016$5,730$5,460$4,476
6 years$5,472$5,158$4,862$4,583$4,320$3,386
7 years$4,643$4,331$4,040$3,768$3,513$2,629
8 years$4,022$3,713$3,426$3,161$2,915$2,079
9 years$3,539$3,233$2,951$2,692$2,455$1,666
10 years$3,152$2,849$2,573$2,321$2,091$1,349
11 years$2,837$2,537$2,265$2,020$1,799$1,102
12 years$2,574$2,277$2,010$1,771$1,559$905
13 years$2,351$2,058$1,796$1,564$1,359$747
14 years$2,161$1,870$1,614$1,388$1,191$620
15 years$1,996$1,709$1,457$1,238$1,049$515
16 years$1,852$1,568$1,321$1,109$927$430
17 years$1,725$1,444$1,202$996$822$359
18 years$1,612$1,334$1,097$898$731$301
19 years$1,511$1,236$1,004$811$652$252
20 years$1,421$1,149$922$735$582$212
21 years$1,339$1,070$848$667$521$178
22 years$1,264$999$781$606$467$150
23 years$1,197$934$722$552$419$126
24 years$1,135$875$667$504$377$106
25 years$1,078$821$618$460$339$90
26 years$1,025$772$573$420$305$76
27 years$977$727$532$385$275$64
28 years$932$685$495$353$248$54
29 years$890$646$460$323$224$45
30 years$851$610$429$297$203$38
31 years$814$577$400$273$183$32
32 years$780$546$373$250$166$27
33 years$749$517$348$230$150$23
34 years$719$490$325$212$136$20
35 years$690$464$304$195$123$16
36 years$664$441$285$180$111$14
37 years$639$419$266$166$101$12
38 years$615$398$250$153$92$10
39 years$593$378$234$141$83$8
40 years$571$360$219$130$75$7
41 years$551$343$205$120$68$6
42 years$532$326$193$110$62$5
43 years$514$311$181$102$56$4
44 years$497$296$170$94$51$4
45 years$480$283$159$87$46$3
46 years$464$270$150$80$42$3
47 years$449$257$141$74$38$2
48 years$435$246$132$69$35$2
49 years$421$235$124$63$32$2
50 years$408$224$117$59$29$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $418,000, adding $5,513 every year, while hoping to spend $26,950 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: 39/41/20 Blend
50$418,000$418,000$418,000$418,000
51$466,323$444,169$437,690$481,541
52$485,213$437,258$423,678$486,078
53$505,127$429,106$408,293$488,011
54$526,140$419,623$391,461$489,546
55$548,336$408,714$373,105$490,663
56$571,804$396,279$353,142$491,341
57$596,644$382,212$331,488$491,559
58$622,962$366,401$308,053$491,296
59$650,877$348,728$282,746$490,534
60$680,517$329,066$255,468$489,252
61$712,023$307,283$226,119$487,435
62$745,548$283,239$194,593$485,065
63$781,261$256,784$160,779$482,129
64$819,347$227,764$124,562$478,614
65$860,006$196,010$85,821$474,511
66$903,461$161,349$44,430$469,815
67$949,954$123,595$259$464,521
68$999,751$82,553$0$458,634
69$1,053,144$38,016$0$462,163
70$1,110,452$0$0$465,827
71$1,172,028$0$0$474,239
72$1,238,256$0$0$501,774
73$1,309,559$0$0$531,461
74$1,386,403$0$0$563,499
75$1,469,299$0$0$598,107
76$1,558,806$0$0$635,524
77$1,655,541$0$0$676,015
78$1,760,182$0$0$719,869
79$1,873,474$0$0$767,406
80$1,996,234$0$0$818,976
81$2,129,364$0$0$874,965
82$2,273,852$0$0$935,797
83$2,430,788$0$0$1,001,940
84$2,601,370$0$0$1,073,905
85$2,786,913$0$0$1,152,258
86$2,988,868$0$0$1,237,621
87$3,208,831$0$0$1,330,678
88$3,448,554$0$0$1,432,182
89$3,709,971$0$0$1,542,960
90$3,995,207$0$0$1,663,926
91$4,306,602$0$0$1,796,084
92$4,646,731$0$0$1,940,538
93$5,018,431$0$0$2,098,507
94$5,424,823$0$0$2,271,329
95$5,869,343$0$0$2,460,480
96$6,355,777$0$0$2,667,585
97$6,888,292$0$0$2,894,433
98$7,471,476$0$0$3,142,995
99$8,110,384$0$0$3,415,439
100$8,810,580$0$0$3,714,157