Can I retire at age 51 with 406,000?

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 $406,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$33,527$33,228$32,937$32,653$32,375$32,157
2 years$16,598$16,288$15,989$15,698$15,417$15,197
3 years$10,955$10,645$10,346$10,058$9,781$9,567
4 years$8,134$7,825$7,529$7,246$6,976$6,768
5 years$6,443$6,135$5,843$5,566$5,303$5,102
6 years$5,315$5,010$4,722$4,451$4,196$4,003
7 years$4,510$4,207$3,924$3,659$3,413$3,227
8 years$3,906$3,606$3,328$3,070$2,831$2,653
9 years$3,437$3,140$2,866$2,615$2,384$2,214
10 years$3,062$2,768$2,499$2,254$2,031$1,868
11 years$2,755$2,464$2,200$1,962$1,747$1,591
12 years$2,500$2,211$1,952$1,721$1,514$1,365
13 years$2,284$1,998$1,744$1,519$1,320$1,179
14 years$2,099$1,817$1,567$1,348$1,157$1,022
15 years$1,939$1,659$1,415$1,203$1,019$891
16 years$1,799$1,523$1,283$1,077$901$779
17 years$1,675$1,402$1,167$967$799$683
18 years$1,566$1,296$1,066$872$710$601
19 years$1,468$1,201$976$788$633$529
20 years$1,380$1,116$895$714$565$467
21 years$1,300$1,039$824$648$506$413
22 years$1,228$970$759$589$453$366
23 years$1,162$907$701$536$407$325
24 years$1,102$850$648$489$366$289
25 years$1,047$798$600$447$329$256
26 years$996$750$557$408$297$228
27 years$949$706$517$374$267$203
28 years$905$665$481$342$241$181
29 years$864$627$447$314$218$161
30 years$826$592$417$288$197$144
31 years$791$560$388$265$178$128
32 years$758$530$362$243$161$115
33 years$727$502$338$224$146$102
34 years$698$476$316$206$132$92
35 years$671$451$296$189$119$82
36 years$645$428$277$175$108$73
37 years$620$407$259$161$98$65
38 years$597$387$242$148$89$59
39 years$576$368$227$137$81$52
40 years$555$350$213$126$73$47
41 years$535$333$200$116$66$42
42 years$517$317$187$107$60$38
43 years$499$302$176$99$55$34
44 years$482$288$165$91$50$30
45 years$466$275$155$84$45$27
46 years$451$262$145$78$41$24
47 years$436$250$137$72$37$22
48 years$423$239$128$67$34$19
49 years$409$228$121$62$31$17
50 years$396$218$113$57$28$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $406,000, adding $3,005 every year, while hoping to spend $28,861 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: 51/38/11 Blend
50$406,000$406,000$406,000$406,000
51$450,512$428,994$422,701$472,026
52$465,756$419,306$406,153$477,364
53$481,588$408,177$388,084$479,843
54$498,037$395,505$368,412$481,874
55$515,135$381,183$347,052$483,422
56$532,914$365,097$323,914$484,452
57$551,413$347,128$298,907$484,924
58$570,669$327,149$271,932$484,799
59$590,723$305,025$242,888$484,036
60$611,622$280,616$211,669$482,592
61$633,412$253,771$178,165$480,421
62$656,147$224,333$142,260$477,476
63$679,881$192,132$103,833$473,709
64$704,675$156,993$62,758$469,068
65$730,595$118,729$18,903$463,502
66$757,711$77,142$0$456,955
67$786,100$32,025$0$452,645
68$815,845$0$0$449,821
69$847,034$0$0$453,263
70$879,766$0$0$470,942
71$914,146$0$0$489,523
72$950,289$0$0$509,073
73$988,320$0$0$529,659
74$1,028,375$0$0$551,358
75$1,070,602$0$0$574,252
76$1,115,161$0$0$598,431
77$1,162,230$0$0$623,993
78$1,212,000$0$0$651,045
79$1,264,679$0$0$679,703
80$1,320,497$0$0$710,095
81$1,379,703$0$0$742,360
82$1,442,571$0$0$776,652
83$1,509,398$0$0$813,136
84$1,580,512$0$0$851,995
85$1,656,270$0$0$893,429
86$1,737,063$0$0$937,658
87$1,823,321$0$0$984,920
88$1,915,512$0$0$1,035,479
89$2,014,153$0$0$1,089,624
90$2,119,809$0$0$1,147,669
91$2,233,097$0$0$1,209,963
92$2,354,699$0$0$1,276,886
93$2,485,359$0$0$1,348,855
94$2,625,898$0$0$1,426,329
95$2,777,212$0$0$1,509,812
96$2,940,290$0$0$1,599,858
97$3,116,216$0$0$1,697,073
98$3,306,180$0$0$1,802,126
99$3,511,493$0$0$1,915,752
100$3,733,592$0$0$2,038,756