Can I retire at age 51 with 418,000?

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 $418,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$34,518$34,211$33,911$33,618$33,332$33,094
2 years$17,088$16,770$16,461$16,162$15,872$15,633
3 years$11,279$10,959$10,652$10,355$10,070$9,836
4 years$8,375$8,056$7,752$7,460$7,182$6,955
5 years$6,633$6,316$6,016$5,730$5,460$5,240
6 years$5,472$5,158$4,862$4,583$4,320$4,109
7 years$4,643$4,331$4,040$3,768$3,513$3,311
8 years$4,022$3,713$3,426$3,161$2,915$2,720
9 years$3,539$3,233$2,951$2,692$2,455$2,268
10 years$3,152$2,849$2,573$2,321$2,091$1,913
11 years$2,837$2,537$2,265$2,020$1,799$1,629
12 years$2,574$2,277$2,010$1,771$1,559$1,397
13 years$2,351$2,058$1,796$1,564$1,359$1,205
14 years$2,161$1,870$1,614$1,388$1,191$1,045
15 years$1,996$1,709$1,457$1,238$1,049$909
16 years$1,852$1,568$1,321$1,109$927$795
17 years$1,725$1,444$1,202$996$822$696
18 years$1,612$1,334$1,097$898$731$612
19 years$1,511$1,236$1,004$811$652$539
20 years$1,421$1,149$922$735$582$476
21 years$1,339$1,070$848$667$521$420
22 years$1,264$999$781$606$467$372
23 years$1,197$934$722$552$419$330
24 years$1,135$875$667$504$377$293
25 years$1,078$821$618$460$339$260
26 years$1,025$772$573$420$305$231
27 years$977$727$532$385$275$206
28 years$932$685$495$353$248$183
29 years$890$646$460$323$224$163
30 years$851$610$429$297$203$145
31 years$814$577$400$273$183$130
32 years$780$546$373$250$166$116
33 years$749$517$348$230$150$103
34 years$719$490$325$212$136$92
35 years$690$464$304$195$123$82
36 years$664$441$285$180$111$73
37 years$639$419$266$166$101$66
38 years$615$398$250$153$92$59
39 years$593$378$234$141$83$52
40 years$571$360$219$130$75$47
41 years$551$343$205$120$68$42
42 years$532$326$193$110$62$37
43 years$514$311$181$102$56$34
44 years$497$296$170$94$51$30
45 years$480$283$159$87$46$27
46 years$464$270$150$80$42$24
47 years$449$257$141$74$38$21
48 years$435$246$132$69$35$19
49 years$421$235$124$63$32$17
50 years$408$224$117$59$29$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $418,000, adding $4,356 every year, while hoping to spend $22,293 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: 73/8/19 Blend
50$418,000$418,000$418,000$418,000
51$465,129$442,975$436,496$496,684
52$488,853$440,961$427,399$516,204
53$514,249$438,102$417,250$534,465
54$541,465$434,331$405,991$553,897
55$570,662$429,581$393,559$574,613
56$602,017$423,778$379,891$596,735
57$635,725$416,845$364,919$620,401
58$671,998$408,700$348,573$645,762
59$711,071$399,255$330,779$672,984
60$753,201$388,419$311,461$702,252
61$798,671$376,095$290,539$733,769
62$847,790$362,180$267,927$767,760
63$900,902$346,563$243,540$804,473
64$958,380$329,131$217,284$844,182
65$1,020,636$309,760$189,065$887,190
66$1,088,125$288,321$158,782$933,831
67$1,161,343$264,679$126,331$984,474
68$1,240,841$238,689$91,604$1,039,527
69$1,327,220$210,198$54,486$1,099,440
70$1,421,143$179,045$14,858$1,164,709
71$1,523,341$145,060$0$1,235,883
72$1,634,617$108,062$0$1,319,129
73$1,755,853$67,862$0$1,413,131
74$1,888,022$24,260$0$1,515,636
75$2,032,195$0$0$1,627,490
76$2,189,548$0$0$1,751,640
77$2,361,378$0$0$1,889,563
78$2,549,112$0$0$2,040,271
79$2,754,323$0$0$2,205,027
80$2,978,738$0$0$2,385,222
81$3,224,263$0$0$2,582,389
82$3,492,995$0$0$2,798,214
83$3,787,243$0$0$3,034,555
84$4,109,550$0$0$3,293,456
85$4,462,717$0$0$3,577,170
86$4,849,828$0$0$3,888,179
87$5,274,279$0$0$4,229,213
88$5,739,812$0$0$4,603,283
89$6,250,547$0$0$5,013,703
90$6,811,024$0$0$5,464,124
91$7,426,241$0$0$5,958,567
92$8,101,706$0$0$6,501,462
93$8,843,484$0$0$7,097,688
94$9,658,260$0$0$7,752,621
95$10,553,394$0$0$8,472,183
96$11,536,996$0$0$9,262,897
97$12,618,001$0$0$10,131,951
98$13,806,252$0$0$11,087,261
99$15,112,593$0$0$12,137,552
100$16,548,971$0$0$13,292,433