Can I retire at age 51 with 276,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $276,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$22,792$22,589$22,391$22,197$22,009$21,253
2 years$11,283$11,073$10,869$10,672$10,480$9,727
3 years$7,447$7,236$7,033$6,838$6,649$5,921
4 years$5,530$5,319$5,118$4,926$4,742$4,046
5 years$4,380$4,171$3,972$3,784$3,605$2,942
6 years$3,613$3,406$3,210$3,026$2,852$2,223
7 years$3,066$2,860$2,668$2,488$2,320$1,724
8 years$2,655$2,452$2,262$2,087$1,925$1,361
9 years$2,337$2,134$1,948$1,778$1,621$1,090
10 years$2,081$1,881$1,699$1,532$1,381$882
11 years$1,873$1,675$1,496$1,334$1,188$719
12 years$1,699$1,503$1,327$1,170$1,029$590
13 years$1,553$1,359$1,186$1,033$897$486
14 years$1,427$1,235$1,065$917$787$403
15 years$1,318$1,128$962$818$693$334
16 years$1,223$1,035$872$732$612$278
17 years$1,139$953$794$658$543$232
18 years$1,064$881$724$593$483$194
19 years$998$816$663$536$430$163
20 years$938$759$609$485$384$136
21 years$884$707$560$440$344$115
22 years$835$660$516$400$308$96
23 years$790$617$476$365$277$81
24 years$749$578$441$332$249$68
25 years$712$542$408$304$224$57
26 years$677$510$379$278$202$48
27 years$645$480$351$254$182$41
28 years$615$452$327$233$164$34
29 years$588$426$304$214$148$29
30 years$562$403$283$196$134$24
31 years$538$381$264$180$121$20
32 years$515$360$246$165$109$17
33 years$494$341$230$152$99$15
34 years$474$323$215$140$90$12
35 years$456$307$201$129$81$10
36 years$438$291$188$119$74$9
37 years$422$276$176$109$67$7
38 years$406$263$165$101$60$6
39 years$391$250$154$93$55$5
40 years$377$238$145$86$50$4
41 years$364$226$136$79$45$4
42 years$351$216$127$73$41$3
43 years$339$205$119$67$37$3
44 years$328$196$112$62$34$2
45 years$317$187$105$57$31$2
46 years$307$178$99$53$28$2
47 years$297$170$93$49$25$1
48 years$287$162$87$45$23$1
49 years$278$155$82$42$21$1
50 years$269$148$77$39$19$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $276,000, adding $2,278 every year, while hoping to spend $20,855 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: 51/29/20 Blend
50$276,000$276,000$276,000$276,000
51$306,502$291,874$287,596$320,326
52$315,575$283,986$275,041$322,220
53$324,876$275,013$261,366$321,942
54$334,403$264,879$246,512$321,196
55$344,159$253,505$230,417$319,946
56$354,143$240,806$213,016$318,154
57$364,354$226,694$194,240$315,776
58$374,790$211,074$174,019$312,770
59$385,449$193,847$152,279$309,087
60$396,327$174,907$128,942$304,679
61$407,418$154,144$103,928$299,490
62$418,717$131,439$77,151$293,466
63$430,215$106,668$48,525$286,545
64$441,902$79,700$17,956$278,663
65$453,768$50,397$0$269,751
66$465,798$18,612$0$262,867
67$477,975$0$0$259,096
68$490,282$0$0$259,586
69$502,696$0$0$266,060
70$515,193$0$0$272,564
71$527,742$0$0$279,082
72$540,311$0$0$285,594
73$552,863$0$0$292,080
74$565,354$0$0$298,513
75$577,737$0$0$304,866
76$589,956$0$0$311,109
77$601,950$0$0$317,205
78$613,650$0$0$323,116
79$624,977$0$0$328,797
80$635,845$0$0$334,198
81$646,157$0$0$339,263
82$655,801$0$0$343,931
83$664,657$0$0$348,132
84$672,588$0$0$351,789
85$679,443$0$0$354,816
86$685,052$0$0$357,116
87$689,226$0$0$358,583
88$691,756$0$0$359,099
89$692,410$0$0$358,531
90$690,929$0$0$356,734
91$687,025$0$0$353,545
92$680,380$0$0$348,784
93$670,640$0$0$342,252
94$657,414$0$0$333,727
95$640,268$0$0$322,964
96$618,720$0$0$309,692
97$592,238$0$0$293,611
98$560,234$0$0$274,387
99$522,053$0$0$251,654
100$476,976$0$0$225,005