Can I retire at age 51 with 284,000?

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 $284,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$23,452$23,244$23,040$22,841$22,647$22,037
2 years$11,610$11,394$11,184$10,981$10,784$10,174
3 years$7,663$7,446$7,237$7,036$6,842$6,251
4 years$5,690$5,474$5,267$5,069$4,880$4,312
5 years$4,507$4,291$4,087$3,893$3,709$3,167
6 years$3,718$3,504$3,303$3,114$2,935$2,418
7 years$3,155$2,943$2,745$2,560$2,387$1,895
8 years$2,732$2,523$2,328$2,147$1,980$1,514
9 years$2,404$2,196$2,005$1,829$1,668$1,226
10 years$2,142$1,936$1,748$1,577$1,421$1,004
11 years$1,927$1,723$1,539$1,372$1,222$828
12 years$1,749$1,547$1,366$1,204$1,059$688
13 years$1,598$1,398$1,220$1,063$923$575
14 years$1,468$1,271$1,096$943$810$482
15 years$1,356$1,161$990$841$713$406
16 years$1,258$1,065$897$753$630$343
17 years$1,172$981$817$677$559$290
18 years$1,095$906$745$610$497$246
19 years$1,027$840$682$551$443$209
20 years$965$781$626$499$395$178
21 years$910$727$576$453$354$151
22 years$859$679$531$412$317$129
23 years$813$635$490$375$285$110
24 years$771$595$453$342$256$94
25 years$732$558$420$312$230$80
26 years$697$525$389$286$207$69
27 years$664$494$362$261$187$59
28 years$633$465$336$240$169$50
29 years$605$439$313$220$152$43
30 years$578$414$291$202$138$37
31 years$553$392$272$185$124$32
32 years$530$371$253$170$113$27
33 years$509$351$237$156$102$23
34 years$488$333$221$144$92$20
35 years$469$316$207$133$84$17
36 years$451$300$193$122$76$15
37 years$434$284$181$112$69$12
38 years$418$270$170$104$62$11
39 years$403$257$159$96$56$9
40 years$388$245$149$88$51$8
41 years$375$233$140$81$46$7
42 years$362$222$131$75$42$6
43 years$349$211$123$69$38$5
44 years$337$201$115$64$35$4
45 years$326$192$108$59$32$4
46 years$316$183$102$55$29$3
47 years$305$175$96$50$26$3
48 years$296$167$90$47$24$2
49 years$286$159$84$43$21$2
50 years$277$152$79$40$19$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $284,000, adding $6,136 every year, while hoping to spend $27,655 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: 50/42/8 Blend
50$284,000$284,000$284,000$284,000
51$319,297$304,245$299,843$334,298
52$322,441$289,729$280,463$330,687
53$324,978$273,574$259,507$323,304
54$326,818$255,671$236,893$314,632
55$327,860$235,905$212,535$304,557
56$327,991$214,153$186,344$292,955
57$327,085$190,287$158,226$279,694
58$325,005$164,168$128,084$264,629
59$321,597$135,653$95,816$247,603
60$316,689$104,589$61,315$228,445
61$310,092$70,815$24,470$206,972
62$301,598$34,161$0$182,984
63$290,973$0$0$157,531
64$277,960$0$0$133,987
65$262,276$0$0$124,741
66$243,604$0$0$113,831
67$221,597$0$0$101,062
68$195,870$0$0$86,224
69$165,996$0$0$69,080
70$131,504$0$0$49,370
71$91,875$0$0$26,807
72$46,532$0$0$1,073
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
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