Can I retire at age 51 with 398,000?

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 $398,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$32,866$32,574$32,288$32,009$31,737$31,250
2 years$16,271$15,968$15,674$15,389$15,113$14,623
3 years$10,739$10,435$10,142$9,860$9,588$9,111
4 years$7,974$7,671$7,381$7,104$6,838$6,378
5 years$6,316$6,014$5,728$5,456$5,198$4,756
6 years$5,210$4,911$4,629$4,363$4,113$3,689
7 years$4,421$4,124$3,847$3,587$3,345$2,939
8 years$3,829$3,535$3,262$3,009$2,775$2,388
9 years$3,369$3,078$2,810$2,563$2,337$1,968
10 years$3,002$2,713$2,450$2,210$1,991$1,640
11 years$2,701$2,415$2,157$1,923$1,713$1,379
12 years$2,451$2,168$1,914$1,687$1,484$1,167
13 years$2,239$1,959$1,710$1,489$1,294$994
14 years$2,058$1,781$1,536$1,322$1,134$850
15 years$1,901$1,627$1,387$1,179$999$730
16 years$1,763$1,493$1,258$1,056$883$629
17 years$1,642$1,375$1,144$948$783$544
18 years$1,535$1,270$1,045$855$696$471
19 years$1,439$1,177$956$772$620$409
20 years$1,353$1,094$878$699$554$356
21 years$1,275$1,019$807$635$496$310
22 years$1,204$951$744$577$444$270
23 years$1,139$890$687$526$399$236
24 years$1,080$833$635$479$359$206
25 years$1,026$782$589$438$323$180
26 years$976$735$546$400$291$158
27 years$930$692$507$366$262$138
28 years$887$652$471$336$236$121
29 years$847$615$438$308$214$106
30 years$810$581$408$283$193$93
31 years$776$549$381$260$174$82
32 years$743$520$355$238$158$72
33 years$713$492$332$219$143$63
34 years$684$466$310$202$129$55
35 years$657$442$290$186$117$48
36 years$632$420$271$171$106$43
37 years$608$399$254$158$96$37
38 years$586$379$238$145$87$33
39 years$564$360$223$134$79$29
40 years$544$343$209$124$72$25
41 years$525$326$196$114$65$22
42 years$507$311$184$105$59$20
43 years$489$296$172$97$54$17
44 years$473$282$162$90$49$15
45 years$457$269$152$83$44$13
46 years$442$257$143$76$40$12
47 years$428$245$134$71$36$10
48 years$414$234$126$65$33$9
49 years$401$223$118$60$30$8
50 years$389$213$111$56$27$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $398,000, adding $2,499 every year, while hoping to spend $29,979 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: 31/40/29 Blend
50$398,000$398,000$398,000$398,000
51$441,174$420,080$413,911$450,877
52$454,276$408,766$395,879$447,303
53$467,710$395,894$376,239$440,665
54$481,478$381,354$354,904$432,937
55$495,581$365,032$331,786$424,042
56$510,020$346,809$306,791$413,904
57$524,794$326,554$279,820$402,438
58$539,902$304,134$250,773$389,557
59$555,340$279,405$219,542$375,169
60$571,105$252,216$186,017$359,174
61$587,190$222,407$150,081$341,469
62$603,587$189,809$111,613$321,944
63$620,287$154,244$70,486$300,483
64$637,277$115,523$26,568$276,963
65$654,543$73,446$0$251,254
66$672,065$27,804$0$229,500
67$689,824$0$0$214,456
68$707,794$0$0$207,303
69$725,947$0$0$212,418
70$744,249$0$0$217,549
71$762,662$0$0$222,684
72$781,142$0$0$227,804
73$799,639$0$0$232,893
74$818,095$0$0$237,929
75$836,445$0$0$242,889
76$854,617$0$0$247,747
77$872,528$0$0$252,473
78$890,083$0$0$257,034
79$907,179$0$0$261,393
80$923,697$0$0$265,507
81$939,505$0$0$269,331
82$954,457$0$0$272,813
83$968,385$0$0$275,894
84$981,106$0$0$278,509
85$992,414$0$0$280,588
86$1,002,080$0$0$282,049
87$1,009,847$0$0$282,803
88$1,015,432$0$0$282,752
89$1,018,517$0$0$281,786
90$1,018,752$0$0$279,782
91$1,015,745$0$0$276,605
92$1,009,064$0$0$272,106
93$998,227$0$0$266,116
94$982,702$0$0$258,453
95$961,896$0$0$248,912
96$935,156$0$0$237,267
97$901,755$0$0$223,267
98$860,891$0$0$206,636
99$811,673$0$0$187,067
100$753,120$0$0$164,222