Can I retire at age 51 with 279,000?

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 $279,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$23,040$22,834$22,634$22,439$22,248$21,467
2 years$11,406$11,193$10,987$10,788$10,594$9,816
3 years$7,528$7,315$7,110$6,912$6,721$5,970
4 years$5,590$5,377$5,174$4,980$4,794$4,075
5 years$4,427$4,216$4,015$3,825$3,644$2,959
6 years$3,652$3,443$3,245$3,059$2,883$2,234
7 years$3,099$2,891$2,697$2,515$2,345$1,730
8 years$2,684$2,478$2,287$2,110$1,945$1,365
9 years$2,362$2,158$1,970$1,797$1,638$1,091
10 years$2,104$1,902$1,717$1,549$1,396$882
11 years$1,893$1,693$1,512$1,348$1,201$718
12 years$1,718$1,520$1,342$1,182$1,040$588
13 years$1,569$1,373$1,199$1,044$907$484
14 years$1,442$1,248$1,077$927$795$401
15 years$1,332$1,140$972$826$700$332
16 years$1,236$1,046$882$740$619$276
17 years$1,151$964$802$665$549$230
18 years$1,076$890$732$599$488$192
19 years$1,009$825$670$541$435$161
20 years$948$767$615$490$388$135
21 years$894$714$566$445$348$113
22 years$844$667$522$405$312$95
23 years$799$624$482$368$280$79
24 years$757$584$445$336$251$67
25 years$719$548$413$307$226$56
26 years$684$515$383$281$204$47
27 years$652$485$355$257$184$40
28 years$622$457$330$235$166$33
29 years$594$431$307$216$150$28
30 years$568$407$286$198$135$24
31 years$544$385$267$182$122$20
32 years$521$364$249$167$111$17
33 years$500$345$233$154$100$14
34 years$480$327$217$141$91$12
35 years$461$310$203$130$82$10
36 years$443$294$190$120$74$8
37 years$426$279$178$110$67$7
38 years$411$266$167$102$61$6
39 years$396$253$156$94$55$5
40 years$381$240$146$87$50$4
41 years$368$229$137$80$46$4
42 years$355$218$129$74$41$3
43 years$343$208$121$68$38$3
44 years$331$198$113$63$34$2
45 years$320$189$106$58$31$2
46 years$310$180$100$54$28$2
47 years$300$172$94$50$26$1
48 years$290$164$88$46$23$1
49 years$281$157$83$42$21$1
50 years$272$150$78$39$19$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $279,000, adding $3,358 every year, while hoping to spend $22,137 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: 80/9/11 Blend
50$279,000$279,000$279,000$279,000
51$310,922$296,135$291,810$334,930
52$319,082$287,092$278,032$342,128
53$327,333$276,864$263,051$346,800
54$335,660$265,369$246,802$351,277
55$344,047$252,522$229,220$355,530
56$352,476$238,231$210,234$359,526
57$360,924$222,400$189,773$363,228
58$369,367$204,927$167,759$366,597
59$377,778$185,704$144,114$369,590
60$386,125$164,617$118,756$372,157
61$394,372$141,546$91,597$374,248
62$402,480$116,363$62,547$375,804
63$410,403$88,935$31,513$376,762
64$418,091$59,120$0$377,053
65$425,486$26,767$0$376,790
66$432,526$0$0$379,661
67$439,138$0$0$382,703
68$445,243$0$0$387,946
69$450,752$0$0$392,658
70$455,566$0$0$396,753
71$459,575$0$0$400,134
72$462,654$0$0$402,691
73$464,669$0$0$404,303
74$465,466$0$0$404,837
75$464,876$0$0$404,143
76$462,712$0$0$402,056
77$458,765$0$0$398,392
78$452,805$0$0$392,947
79$444,575$0$0$385,495
80$433,792$0$0$375,785
81$420,140$0$0$363,541
82$403,273$0$0$348,454
83$382,803$0$0$330,186
84$358,306$0$0$308,359
85$329,307$0$0$282,557
86$295,287$0$0$252,320
87$255,666$0$0$217,138
88$209,808$0$0$176,449
89$157,005$0$0$129,630
90$96,480$0$0$75,994
91$27,370$0$0$14,782
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0