Can I retire at age 51 with 394,000?

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 $394,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$32,536$32,246$31,964$31,688$31,418$30,949
2 years$16,107$15,807$15,516$15,234$14,961$14,489
3 years$10,631$10,330$10,040$9,761$9,492$9,032
4 years$7,894$7,594$7,307$7,032$6,770$6,326
5 years$6,252$5,954$5,670$5,401$5,146$4,719
6 years$5,158$4,862$4,582$4,320$4,072$3,663
7 years$4,377$4,083$3,808$3,551$3,312$2,920
8 years$3,791$3,500$3,229$2,979$2,747$2,373
9 years$3,335$3,047$2,782$2,538$2,314$1,957
10 years$2,971$2,686$2,425$2,187$1,971$1,632
11 years$2,674$2,391$2,135$1,904$1,695$1,373
12 years$2,426$2,146$1,895$1,670$1,469$1,163
13 years$2,216$1,939$1,693$1,474$1,281$991
14 years$2,037$1,763$1,521$1,309$1,123$848
15 years$1,881$1,610$1,373$1,167$989$729
16 years$1,746$1,478$1,245$1,045$874$629
17 years$1,626$1,361$1,133$939$775$544
18 years$1,520$1,257$1,034$846$689$472
19 years$1,424$1,165$947$765$614$410
20 years$1,339$1,083$869$692$549$356
21 years$1,262$1,009$799$628$491$311
22 years$1,192$942$737$571$440$271
23 years$1,128$881$680$520$395$237
24 years$1,069$825$629$475$355$207
25 years$1,016$774$583$433$319$181
26 years$966$728$540$396$288$159
27 years$921$685$502$363$259$139
28 years$878$645$466$332$234$122
29 years$839$609$434$305$211$107
30 years$802$575$404$280$191$94
31 years$768$544$377$257$173$82
32 years$736$514$352$236$156$72
33 years$706$487$328$217$141$64
34 years$677$462$307$200$128$56
35 years$651$438$287$184$116$49
36 years$626$416$268$169$105$43
37 years$602$395$251$156$95$38
38 years$580$375$235$144$86$33
39 years$559$357$220$133$78$29
40 years$539$339$207$122$71$26
41 years$520$323$194$113$64$23
42 years$502$308$182$104$58$20
43 years$484$293$170$96$53$18
44 years$468$279$160$89$48$15
45 years$453$266$150$82$44$14
46 years$438$254$141$76$40$12
47 years$424$243$133$70$36$11
48 years$410$232$125$65$33$9
49 years$397$221$117$60$30$8
50 years$385$211$110$55$27$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $394,000, adding $5,377 every year, while hoping to spend $27,978 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: 70/6/24 Blend
50$394,000$394,000$394,000$394,000
51$439,734$418,852$412,745$467,494
52$454,819$409,608$396,804$477,504
53$470,504$398,972$379,391$484,692
54$486,822$386,849$360,427$491,893
55$503,807$373,133$339,830$499,105
56$521,496$357,717$317,515$506,329
57$539,926$340,483$293,390$513,565
58$559,142$321,310$267,361$520,816
59$579,188$300,068$239,332$528,083
60$600,114$276,620$209,198$535,371
61$621,973$250,821$176,853$542,685
62$644,822$222,519$142,185$550,032
63$668,722$191,551$105,077$557,421
64$693,741$157,747$65,407$564,862
65$719,952$120,926$23,047$572,369
66$747,433$80,897$0$579,957
67$776,270$37,459$0$593,320
68$806,555$0$0$613,472
69$838,388$0$0$635,203
70$871,880$0$0$660,676
71$907,149$0$0$687,508
72$944,326$0$0$715,799
73$983,550$0$0$745,659
74$1,024,978$0$0$777,204
75$1,068,775$0$0$810,566
76$1,115,126$0$0$845,884
77$1,164,232$0$0$883,312
78$1,216,310$0$0$923,020
79$1,271,599$0$0$965,190
80$1,330,362$0$0$1,010,024
81$1,392,884$0$0$1,057,743
82$1,459,478$0$0$1,108,586
83$1,530,487$0$0$1,162,819
84$1,606,286$0$0$1,220,730
85$1,687,288$0$0$1,282,636
86$1,773,941$0$0$1,348,885
87$1,866,742$0$0$1,419,856
88$1,966,233$0$0$1,495,968
89$2,073,007$0$0$1,577,679
90$2,187,718$0$0$1,665,492
91$2,311,083$0$0$1,759,959
92$2,443,887$0$0$1,861,686
93$2,586,996$0$0$1,971,339
94$2,741,357$0$0$2,089,648
95$2,908,014$0$0$2,217,419
96$3,088,111$0$0$2,355,532
97$3,282,908$0$0$2,504,959
98$3,493,787$0$0$2,666,767
99$3,722,272$0$0$2,842,127
100$3,970,033$0$0$3,032,329