Can I retire at age 51 with 302,000?

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 $302,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$24,939$24,717$24,500$24,288$24,082$23,274
2 years$12,346$12,116$11,893$11,677$11,468$10,661
3 years$8,149$7,918$7,696$7,482$7,275$6,497
4 years$6,051$5,821$5,600$5,390$5,189$4,443
5 years$4,792$4,563$4,346$4,140$3,945$3,234
6 years$3,953$3,726$3,512$3,311$3,121$2,446
7 years$3,355$3,129$2,919$2,722$2,538$1,899
8 years$2,906$2,682$2,475$2,283$2,106$1,502
9 years$2,557$2,336$2,132$1,945$1,773$1,204
10 years$2,278$2,059$1,859$1,677$1,511$975
11 years$2,049$1,833$1,636$1,459$1,300$796
12 years$1,859$1,645$1,452$1,280$1,126$654
13 years$1,699$1,487$1,298$1,130$982$540
14 years$1,561$1,351$1,166$1,003$861$448
15 years$1,442$1,234$1,053$895$758$372
16 years$1,338$1,133$954$801$670$311
17 years$1,246$1,043$868$720$594$260
18 years$1,165$964$793$649$528$217
19 years$1,092$893$726$586$471$182
20 years$1,026$830$666$531$420$153
21 years$967$773$613$482$376$129
22 years$914$722$565$438$337$108
23 years$865$675$521$399$303$91
24 years$820$632$482$364$272$77
25 years$779$593$447$332$245$65
26 years$741$558$414$304$221$55
27 years$706$525$385$278$199$46
28 years$673$495$358$255$179$39
29 years$643$467$333$234$162$33
30 years$615$441$310$214$146$28
31 years$588$417$289$197$132$23
32 years$564$394$270$181$120$20
33 years$541$373$252$166$108$17
34 years$519$354$235$153$98$14
35 years$499$336$220$141$89$12
36 years$480$319$206$130$81$10
37 years$462$303$193$120$73$9
38 years$444$288$180$110$66$7
39 years$428$273$169$102$60$6
40 years$413$260$158$94$54$5
41 years$398$248$148$87$49$4
42 years$384$236$139$80$45$4
43 years$371$225$131$74$41$3
44 years$359$214$123$68$37$3
45 years$347$204$115$63$33$2
46 years$336$195$108$58$30$2
47 years$325$186$102$54$28$2
48 years$314$177$95$50$25$1
49 years$304$169$90$46$23$1
50 years$295$162$84$42$21$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $302,000, adding $5,905 every year, while hoping to spend $21,997 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: 48/35/17 Blend
50$302,000$302,000$302,000$302,000
51$338,895$322,889$318,208$353,281
52$350,058$315,306$305,463$356,280
53$361,622$306,614$291,554$356,815
54$373,605$296,736$276,419$356,922
55$386,026$285,589$259,992$356,570
56$398,904$273,087$242,206$355,725
57$412,262$259,138$222,990$354,353
58$426,121$243,644$202,268$352,417
59$440,506$226,503$179,965$349,878
60$455,442$207,606$155,998$346,695
61$470,957$186,839$130,284$342,827
62$487,080$164,079$102,733$338,229
63$503,842$139,198$73,255$332,853
64$521,276$112,062$41,751$326,652
65$539,420$82,526$8,123$319,573
66$558,310$50,439$0$311,564
67$577,989$15,643$0$307,605
68$598,502$0$0$304,500
69$619,896$0$0$309,222
70$642,223$0$0$320,444
71$665,539$0$0$332,170
72$689,904$0$0$344,432
73$715,384$0$0$357,264
74$742,048$0$0$370,702
75$769,974$0$0$384,787
76$799,243$0$0$399,561
77$829,946$0$0$415,070
78$862,180$0$0$431,367
79$896,051$0$0$448,505
80$931,673$0$0$466,545
81$969,171$0$0$485,553
82$1,008,682$0$0$505,599
83$1,050,354$0$0$526,761
84$1,094,349$0$0$549,124
85$1,140,842$0$0$572,780
86$1,190,025$0$0$597,830
87$1,242,109$0$0$624,383
88$1,297,322$0$0$652,561
89$1,355,916$0$0$682,494
90$1,418,163$0$0$714,326
91$1,484,364$0$0$748,216
92$1,554,847$0$0$784,334
93$1,629,969$0$0$822,870
94$1,710,125$0$0$864,030
95$1,795,744$0$0$908,042
96$1,887,299$0$0$955,153
97$1,985,306$0$0$1,005,636
98$2,090,334$0$0$1,059,789
99$2,203,004$0$0$1,117,941
100$2,324,000$0$0$1,180,451