Can I retire at age 51 with 330,000?

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 $330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$27,251$27,008$26,772$26,540$26,315$26,072
2 years$13,491$13,239$12,996$12,760$12,531$12,287
3 years$8,904$8,652$8,409$8,175$7,950$7,712
4 years$6,612$6,360$6,120$5,890$5,670$5,439
5 years$5,237$4,986$4,749$4,524$4,310$4,088
6 years$4,320$4,072$3,838$3,618$3,411$3,197
7 years$3,666$3,420$3,189$2,974$2,774$2,568
8 years$3,175$2,931$2,705$2,495$2,301$2,104
9 years$2,794$2,552$2,330$2,125$1,938$1,750
10 years$2,489$2,250$2,031$1,832$1,651$1,471
11 years$2,239$2,003$1,788$1,594$1,420$1,249
12 years$2,032$1,797$1,587$1,399$1,231$1,067
13 years$1,856$1,624$1,418$1,235$1,073$918
14 years$1,706$1,477$1,274$1,096$941$793
15 years$1,576$1,349$1,150$977$828$688
16 years$1,462$1,238$1,043$875$732$599
17 years$1,362$1,140$949$786$649$523
18 years$1,273$1,053$866$709$577$458
19 years$1,193$976$793$640$514$402
20 years$1,122$907$728$580$459$354
21 years$1,057$845$669$526$411$311
22 years$998$789$617$479$369$275
23 years$945$738$570$436$331$242
24 years$896$691$527$398$297$214
25 years$851$649$488$363$268$190
26 years$809$610$453$332$241$168
27 years$771$574$420$304$217$149
28 years$735$541$391$278$196$132
29 years$702$510$364$255$177$117
30 years$672$482$339$234$160$104
31 years$643$455$316$215$145$92
32 years$616$431$295$198$131$82
33 years$591$408$275$182$118$73
34 years$567$387$257$167$107$65
35 years$545$367$240$154$97$58
36 years$524$348$225$142$88$51
37 years$504$331$210$131$80$46
38 years$486$314$197$120$72$41
39 years$468$299$185$111$66$36
40 years$451$284$173$102$59$32
41 years$435$271$162$95$54$29
42 years$420$258$152$87$49$25
43 years$406$246$143$81$44$23
44 years$392$234$134$74$40$20
45 years$379$223$126$69$37$18
46 years$367$213$118$63$33$16
47 years$355$203$111$59$30$14
48 years$343$194$104$54$27$13
49 years$333$185$98$50$25$11
50 years$322$177$92$46$23$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $330,000, adding $2,148 every year, while hoping to spend $23,266 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: 75/6/19 Blend
50$330,000$330,000$330,000$330,000
51$365,876$348,386$343,271$391,540
52$378,440$340,702$330,015$401,152
53$391,506$331,861$315,536$408,619
54$405,101$321,784$299,768$416,193
55$419,253$310,382$282,641$423,880
56$433,992$297,567$264,085$431,685
57$449,352$283,240$244,025$439,615
58$465,368$267,301$222,382$447,677
59$482,079$249,642$199,075$455,881
60$499,525$230,149$174,018$464,236
61$517,751$208,701$147,122$472,755
62$536,806$185,171$118,295$481,450
63$556,740$159,425$87,438$490,338
64$577,612$131,320$54,451$499,435
65$599,480$100,707$19,228$508,763
66$622,413$67,427$0$518,345
67$646,480$31,313$0$531,929
68$671,761$0$0$550,224
69$698,340$0$0$569,901
70$726,309$0$0$592,788
71$755,768$0$0$616,900
72$786,826$0$0$642,325
73$819,601$0$0$669,163
74$854,225$0$0$697,519
75$890,837$0$0$727,512
76$929,592$0$0$759,267
77$970,659$0$0$792,924
78$1,014,222$0$0$828,634
79$1,060,481$0$0$866,565
80$1,109,657$0$0$906,896
81$1,161,991$0$0$949,828
82$1,217,747$0$0$995,577
83$1,277,212$0$0$1,044,382
84$1,340,703$0$0$1,096,504
85$1,408,566$0$0$1,152,228
86$1,481,182$0$0$1,211,868
87$1,558,966$0$0$1,275,768
88$1,642,375$0$0$1,344,305
89$1,731,910$0$0$1,417,893
90$1,828,122$0$0$1,496,986
91$1,931,613$0$0$1,582,081
92$2,043,046$0$0$1,673,727
93$2,163,149$0$0$1,772,525
94$2,292,722$0$0$1,879,134
95$2,432,642$0$0$1,994,281
96$2,583,876$0$0$2,118,762
97$2,747,483$0$0$2,253,453
98$2,924,629$0$0$2,399,319
99$3,116,597$0$0$2,557,417
100$3,324,796$0$0$2,728,912