Can I retire at age 51 with 430,000?

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 $430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$35,509$35,193$34,884$34,583$34,289$33,959
2 years$17,579$17,251$16,934$16,626$16,328$15,996
3 years$11,603$11,274$10,957$10,653$10,359$10,035
4 years$8,615$8,288$7,974$7,675$7,388$7,074
5 years$6,823$6,498$6,188$5,895$5,616$5,314
6 years$5,629$5,306$5,001$4,714$4,444$4,153
7 years$4,776$4,456$4,156$3,876$3,614$3,335
8 years$4,137$3,819$3,525$3,251$2,998$2,731
9 years$3,640$3,325$3,036$2,769$2,525$2,269
10 years$3,243$2,931$2,647$2,387$2,151$1,907
11 years$2,918$2,610$2,330$2,078$1,850$1,617
12 years$2,648$2,342$2,068$1,822$1,603$1,382
13 years$2,419$2,117$1,847$1,609$1,398$1,187
14 years$2,223$1,924$1,660$1,428$1,226$1,025
15 years$2,053$1,758$1,499$1,274$1,079$889
16 years$1,905$1,613$1,359$1,140$954$774
17 years$1,774$1,485$1,236$1,025$846$675
18 years$1,658$1,372$1,129$923$752$591
19 years$1,555$1,272$1,033$834$670$518
20 years$1,461$1,182$948$756$599$455
21 years$1,377$1,101$872$686$536$401
22 years$1,301$1,028$804$624$480$353
23 years$1,231$961$742$568$431$311
24 years$1,167$900$686$518$387$275
25 years$1,109$845$636$473$349$243
26 years$1,055$794$590$433$314$215
27 years$1,005$747$548$396$283$191
28 years$958$704$509$363$255$169
29 years$915$664$474$333$231$150
30 years$875$627$441$305$208$133
31 years$838$593$411$280$188$118
32 years$803$561$384$258$170$105
33 years$770$532$358$237$154$93
34 years$739$504$335$218$140$82
35 years$710$478$313$201$127$73
36 years$683$454$293$185$115$65
37 years$657$431$274$170$104$58
38 years$633$409$257$157$94$51
39 years$610$389$240$145$85$46
40 years$588$370$225$133$77$41
41 years$567$353$211$123$70$36
42 years$547$336$198$114$64$32
43 years$529$320$186$105$58$29
44 years$511$305$175$97$53$26
45 years$494$291$164$89$48$23
46 years$478$277$154$83$43$20
47 years$462$265$145$76$39$18
48 years$447$253$136$71$36$16
49 years$433$241$128$65$32$14
50 years$420$231$120$60$29$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $430,000, adding $2,530 every year, while hoping to spend $35,296 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: 56/32/12 Blend
50$430,000$430,000$430,000$430,000
51$476,470$453,680$447,015$501,568
52$487,515$438,355$424,435$503,526
53$498,504$421,097$399,916$501,564
54$509,393$401,773$373,355$498,597
55$520,135$380,243$344,646$494,535
56$530,674$356,360$313,677$489,281
57$540,948$329,968$280,331$482,729
58$550,890$300,901$244,487$474,768
59$560,420$268,985$206,016$465,274
60$569,453$234,035$164,788$454,116
61$577,890$195,856$120,662$441,151
62$585,625$154,243$73,494$426,226
63$592,536$108,977$23,133$409,174
64$598,487$59,830$0$389,815
65$603,329$6,558$0$371,875
66$606,895$0$0$354,639
67$608,998$0$0$352,928
68$609,432$0$0$352,475
69$607,967$0$0$350,827
70$604,348$0$0$347,826
71$598,293$0$0$343,298
72$589,488$0$0$337,048
73$577,585$0$0$328,860
74$562,199$0$0$318,496
75$542,903$0$0$305,692
76$519,225$0$0$290,156
77$490,641$0$0$271,563
78$456,574$0$0$249,555
79$416,381$0$0$223,738
80$369,356$0$0$193,671
81$314,716$0$0$158,872
82$251,594$0$0$118,805
83$179,034$0$0$72,878
84$95,980$0$0$20,439
85$1,262$0$0$0
86$0$0$0$0
87$0$0$0$0
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