Can I retire at age 51 with 405,000?

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 $405,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$33,445$33,147$32,856$32,572$32,295$31,100
2 years$16,557$16,248$15,949$15,660$15,379$14,188
3 years$10,928$10,618$10,320$10,033$9,757$8,608
4 years$8,114$7,806$7,511$7,228$6,959$5,861
5 years$6,427$6,120$5,829$5,552$5,290$4,246
6 years$5,302$4,997$4,710$4,440$4,186$3,196
7 years$4,499$4,197$3,914$3,650$3,404$2,468
8 years$3,897$3,597$3,320$3,062$2,824$1,941
9 years$3,429$3,132$2,859$2,608$2,378$1,548
10 years$3,054$2,761$2,493$2,248$2,026$1,246
11 years$2,748$2,458$2,195$1,957$1,743$1,012
12 years$2,494$2,206$1,948$1,716$1,510$826
13 years$2,278$1,994$1,740$1,515$1,317$678
14 years$2,094$1,812$1,563$1,345$1,154$559
15 years$1,934$1,655$1,412$1,200$1,016$462
16 years$1,794$1,519$1,280$1,074$898$382
17 years$1,671$1,399$1,165$965$797$318
18 years$1,562$1,292$1,063$870$708$264
19 years$1,464$1,198$973$786$631$220
20 years$1,376$1,113$893$712$564$184
21 years$1,297$1,037$822$646$505$153
22 years$1,225$968$757$587$452$128
23 years$1,159$905$699$535$406$107
24 years$1,099$848$647$488$365$90
25 years$1,044$796$599$446$328$75
26 years$993$748$555$407$296$63
27 years$946$704$516$373$267$53
28 years$903$663$479$342$241$44
29 years$862$626$446$313$217$37
30 years$824$591$416$288$196$31
31 years$789$559$387$264$178$26
32 years$756$529$361$243$161$22
33 years$725$501$338$223$145$18
34 years$696$474$315$205$132$15
35 years$669$450$295$189$119$13
36 years$643$427$276$174$108$11
37 years$619$406$258$160$98$9
38 years$596$386$242$148$89$8
39 years$574$367$227$136$80$6
40 years$554$349$212$126$73$5
41 years$534$332$199$116$66$4
42 years$516$316$187$107$60$4
43 years$498$301$175$99$55$3
44 years$481$287$164$91$49$3
45 years$465$274$154$84$45$2
46 years$450$261$145$78$41$2
47 years$435$249$136$72$37$2
48 years$421$238$128$66$34$1
49 years$408$227$120$61$31$1
50 years$395$217$113$57$28$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $405,000, adding $3,685 every year, while hoping to spend $20,267 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: 75/12/13 Blend
50$405,000$405,000$405,000$405,000
51$450,111$428,646$422,369$482,392
52$474,458$428,086$414,954$503,649
53$500,610$426,819$406,612$524,042
54$528,728$424,789$397,289$545,834
55$558,992$421,937$386,932$569,159
56$591,597$418,200$375,482$594,163
57$626,759$413,511$362,880$621,008
58$664,714$407,798$349,062$649,871
59$705,723$400,988$333,963$680,950
60$750,070$393,000$317,514$714,460
61$798,070$383,750$299,644$750,643
62$850,068$373,149$280,277$789,761
63$906,444$361,102$259,335$832,105
64$967,615$347,510$236,737$877,998
65$1,034,039$332,265$212,395$927,795
66$1,106,223$315,258$186,222$981,885
67$1,184,720$296,368$158,123$1,040,701
68$1,270,142$275,471$128,001$1,104,719
69$1,363,162$252,434$95,754$1,174,464
70$1,464,519$227,118$61,276$1,250,516
71$1,575,028$199,374$24,457$1,333,515
72$1,695,584$169,047$0$1,424,166
73$1,827,173$135,970$0$1,525,305
74$1,970,882$99,969$0$1,639,486
75$2,127,905$60,861$0$1,764,279
76$2,299,558$18,450$0$1,900,746
77$2,487,290$0$0$2,050,058
78$2,692,696$0$0$2,217,133
79$2,917,531$0$0$2,402,696
80$3,163,731$0$0$2,605,908
81$3,433,424$0$0$2,828,528
82$3,728,957$0$0$3,072,496
83$4,052,911$0$0$3,339,945
84$4,408,132$0$0$3,633,227
85$4,797,753$0$0$3,954,931
86$5,225,225$0$0$4,307,909
87$5,694,349$0$0$4,695,302
88$6,209,313$0$0$5,120,570
89$6,774,729$0$0$5,587,527
90$7,395,677$0$0$6,100,369
91$8,077,754$0$0$6,663,723
92$8,827,126$0$0$7,282,684
93$9,650,586$0$0$7,962,866
94$10,555,616$0$0$8,710,453
95$11,550,460$0$0$9,532,258
96$12,644,201$0$0$10,435,788
97$13,846,845$0$0$11,429,311
98$15,169,415$0$0$12,521,940
99$16,624,059$0$0$13,723,713
100$18,224,159$0$0$15,045,689