Can I retire at age 51 with 359,000?

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 $359,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$29,646$29,382$29,124$28,873$28,627$28,471
2 years$14,676$14,403$14,138$13,881$13,632$13,474
3 years$9,687$9,412$9,148$8,894$8,649$8,494
4 years$7,193$6,919$6,658$6,407$6,168$6,018
5 years$5,697$5,425$5,167$4,922$4,689$4,544
6 years$4,700$4,430$4,175$3,936$3,710$3,571
7 years$3,988$3,720$3,470$3,236$3,017$2,883
8 years$3,454$3,189$2,943$2,714$2,503$2,375
9 years$3,039$2,776$2,534$2,312$2,108$1,985
10 years$2,707$2,447$2,210$1,993$1,796$1,678
11 years$2,436$2,179$1,945$1,735$1,545$1,432
12 years$2,210$1,955$1,726$1,521$1,339$1,231
13 years$2,019$1,767$1,542$1,343$1,167$1,065
14 years$1,856$1,606$1,386$1,192$1,023$925
15 years$1,714$1,467$1,251$1,063$901$808
16 years$1,591$1,346$1,134$952$796$708
17 years$1,481$1,240$1,032$855$706$622
18 years$1,385$1,146$942$771$628$548
19 years$1,298$1,062$863$697$560$484
20 years$1,220$987$792$631$500$428
21 years$1,150$919$728$573$447$380
22 years$1,086$858$671$521$401$337
23 years$1,028$802$620$474$360$300
24 years$974$752$573$432$323$267
25 years$926$706$531$395$291$238
26 years$880$663$492$361$262$212
27 years$839$624$457$331$236$189
28 years$800$588$425$303$213$169
29 years$764$555$395$278$193$151
30 years$731$524$368$255$174$135
31 years$700$495$343$234$157$121
32 years$670$469$320$215$142$108
33 years$643$444$299$198$129$97
34 years$617$421$280$182$117$87
35 years$593$399$261$168$106$78
36 years$570$379$244$154$96$70
37 years$549$360$229$142$87$62
38 years$528$342$214$131$79$56
39 years$509$325$201$121$71$50
40 years$491$309$188$111$65$45
41 years$474$294$176$103$59$40
42 years$457$280$166$95$53$36
43 years$441$267$155$88$48$33
44 years$427$255$146$81$44$29
45 years$412$243$137$75$40$26
46 years$399$232$129$69$36$24
47 years$386$221$121$64$33$21
48 years$374$211$114$59$30$19
49 years$362$201$107$54$27$17
50 years$351$192$100$50$25$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $359,000, adding $5,240 every year, while hoping to spend $26,038 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: 37/44/19 Blend
50$359,000$359,000$359,000$359,000
51$401,023$381,996$376,432$413,390
52$414,223$373,010$361,338$413,835
53$427,897$362,710$344,866$411,479
54$442,065$351,006$326,942$408,394
55$456,751$337,800$307,489$404,527
56$471,976$322,988$286,426$399,825
57$487,766$306,463$263,670$394,233
58$504,148$288,110$239,132$387,690
59$521,149$267,806$212,722$380,133
60$538,800$245,422$184,342$371,497
61$557,134$220,824$153,893$361,713
62$576,183$193,866$121,271$350,708
63$595,986$164,397$86,365$338,405
64$616,581$132,258$49,063$324,723
65$638,011$97,277$9,245$309,580
66$660,320$59,275$0$292,885
67$683,558$18,065$0$281,286
68$707,777$0$0$270,385
69$733,032$0$0$271,087
70$759,385$0$0$280,957
71$786,901$0$0$291,273
72$815,650$0$0$302,063
73$845,709$0$0$313,358
74$877,160$0$0$325,191
75$910,093$0$0$337,596
76$944,604$0$0$350,613
77$980,798$0$0$364,283
78$1,018,788$0$0$378,651
79$1,058,700$0$0$393,766
80$1,100,666$0$0$409,684
81$1,144,832$0$0$426,460
82$1,191,359$0$0$444,161
83$1,240,419$0$0$462,854
84$1,292,200$0$0$482,615
85$1,346,909$0$0$503,528
86$1,404,769$0$0$525,681
87$1,466,026$0$0$549,175
88$1,530,947$0$0$574,115
89$1,599,825$0$0$600,621
90$1,672,980$0$0$628,821
91$1,750,760$0$0$658,855
92$1,833,548$0$0$690,879
93$1,921,764$0$0$725,061
94$2,015,865$0$0$761,587
95$2,116,354$0$0$800,659
96$2,223,782$0$0$842,500
97$2,338,751$0$0$887,354
98$2,461,924$0$0$935,490
99$2,594,025$0$0$987,200
100$2,735,852$0$0$1,042,809