Can I retire at age 51 with 438,000?

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 $438,000?

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$36,170$35,847$35,533$35,226$34,927$33,567
2 years$17,906$17,572$17,249$16,936$16,632$15,279
3 years$11,819$11,484$11,161$10,851$10,552$9,248
4 years$8,776$8,442$8,123$7,817$7,526$6,280
5 years$6,950$6,618$6,303$6,005$5,721$4,537
6 years$5,734$5,404$5,094$4,802$4,527$3,406
7 years$4,865$4,539$4,233$3,948$3,681$2,623
8 years$4,214$3,890$3,590$3,312$3,054$2,057
9 years$3,708$3,387$3,092$2,821$2,572$1,635
10 years$3,303$2,986$2,696$2,432$2,191$1,312
11 years$2,972$2,658$2,373$2,116$1,885$1,062
12 years$2,697$2,386$2,106$1,856$1,633$864
13 years$2,464$2,156$1,882$1,639$1,424$707
14 years$2,264$1,960$1,691$1,455$1,248$580
15 years$2,092$1,790$1,527$1,297$1,099$478
16 years$1,941$1,643$1,384$1,162$972$394
17 years$1,807$1,513$1,259$1,044$861$326
18 years$1,689$1,398$1,150$941$766$270
19 years$1,584$1,295$1,053$850$683$224
20 years$1,489$1,204$966$770$610$186
21 years$1,403$1,121$888$699$546$155
22 years$1,325$1,047$819$635$489$129
23 years$1,254$979$756$578$439$107
24 years$1,189$917$699$528$395$90
25 years$1,129$861$648$482$355$75
26 years$1,074$809$601$441$320$62
27 years$1,023$761$558$403$288$52
28 years$976$717$519$369$260$43
29 years$932$677$483$339$235$36
30 years$892$639$449$311$212$30
31 years$853$604$419$286$192$25
32 years$818$572$391$262$174$21
33 years$784$541$365$241$157$18
34 years$753$513$341$222$142$15
35 years$723$487$319$204$129$12
36 years$696$462$298$188$117$10
37 years$669$439$279$173$106$9
38 years$645$417$261$160$96$7
39 years$621$397$245$147$87$6
40 years$599$377$230$136$79$5
41 years$578$359$215$125$72$4
42 years$558$342$202$116$65$3
43 years$539$326$190$107$59$3
44 years$520$311$178$99$54$2
45 years$503$296$167$91$49$2
46 years$487$283$157$84$44$2
47 years$471$270$147$78$40$1
48 years$456$257$138$72$36$1
49 years$441$246$130$66$33$1
50 years$428$235$122$61$30$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $438,000, adding $6,332 every year, while hoping to spend $21,223 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: 38/42/20 Blend
50$438,000$438,000$438,000$438,000
51$489,207$465,993$459,204$504,654
52$516,526$466,246$452,007$516,640
53$545,919$465,800$443,857$527,114
54$577,576$464,598$434,700$537,997
55$611,706$462,580$424,479$549,338
56$648,537$459,683$413,136$561,192
57$688,318$455,838$400,607$573,620
58$731,327$450,975$386,828$586,695
59$777,867$445,017$371,730$600,494
60$828,269$437,882$355,243$615,108
61$882,901$429,487$337,292$630,636
62$942,165$419,740$317,799$647,192
63$1,006,503$408,545$296,684$664,902
64$1,076,404$395,801$273,860$683,908
65$1,152,403$381,401$249,240$704,368
66$1,235,089$365,231$222,730$726,460
67$1,325,111$347,170$194,235$750,383
68$1,423,183$327,092$163,652$776,359
69$1,530,090$304,861$130,876$804,635
70$1,646,696$280,337$95,798$835,489
71$1,773,953$253,367$58,301$869,228
72$1,912,907$223,793$18,265$906,196
73$2,064,713$191,448$0$946,777
74$2,230,638$156,154$0$996,616
75$2,412,080$117,723$0$1,055,467
76$2,610,578$75,957$0$1,119,985
77$2,827,826$30,647$0$1,190,786
78$3,065,688$0$0$1,268,555
79$3,326,219$0$0$1,362,564
80$3,611,680$0$0$1,481,149
81$3,924,564$0$0$1,611,187
82$4,267,614$0$0$1,753,826
83$4,643,850$0$0$1,910,331
84$5,056,603$0$0$2,082,094
85$5,509,537$0$0$2,270,649
86$6,006,692$0$0$2,477,687
87$6,552,514$0$0$2,705,069
88$7,151,904$0$0$2,954,845
89$7,810,259$0$0$3,229,275
90$8,533,526$0$0$3,530,848
91$9,328,255$0$0$3,862,305
92$10,201,661$0$0$4,226,667
93$11,161,696$0$0$4,627,262
94$12,217,117$0$0$5,067,755
95$13,377,575$0$0$5,552,188
96$14,653,700$0$0$6,085,009
97$16,057,205$0$0$6,671,122
98$17,600,996$0$0$7,315,931
99$19,299,292$0$0$8,025,388
100$21,167,758$0$0$8,806,050