Can I retire at age 51 with 304,000?

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 $304,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$25,104$24,880$24,662$24,449$24,241$23,840
2 years$12,428$12,196$11,972$11,754$11,544$11,140
3 years$8,203$7,970$7,747$7,531$7,324$6,931
4 years$6,091$5,859$5,638$5,426$5,223$4,844
5 years$4,824$4,594$4,375$4,168$3,971$3,607
6 years$3,980$3,751$3,536$3,333$3,142$2,793
7 years$3,377$3,150$2,938$2,740$2,555$2,222
8 years$2,925$2,700$2,492$2,299$2,120$1,802
9 years$2,574$2,351$2,146$1,958$1,785$1,482
10 years$2,293$2,072$1,871$1,688$1,521$1,233
11 years$2,063$1,845$1,647$1,469$1,308$1,035
12 years$1,872$1,656$1,462$1,288$1,134$874
13 years$1,710$1,496$1,306$1,137$989$743
14 years$1,572$1,360$1,174$1,010$867$634
15 years$1,452$1,243$1,060$900$763$544
16 years$1,347$1,140$961$806$674$468
17 years$1,254$1,050$874$724$598$403
18 years$1,172$970$798$653$532$349
19 years$1,099$899$731$590$474$302
20 years$1,033$836$670$534$423$262
21 years$974$778$617$485$379$228
22 years$920$726$568$441$340$198
23 years$870$679$525$402$305$172
24 years$825$637$485$366$274$150
25 years$784$597$450$334$246$131
26 years$746$561$417$306$222$114
27 years$710$528$387$280$200$100
28 years$678$498$360$256$181$87
29 years$647$470$335$235$163$76
30 years$619$444$312$216$147$67
31 years$592$419$291$198$133$58
32 years$568$397$271$182$121$51
33 years$544$376$253$168$109$45
34 years$523$356$237$154$99$39
35 years$502$338$221$142$89$34
36 years$483$321$207$131$81$30
37 years$465$305$194$120$73$26
38 years$447$289$181$111$67$23
39 years$431$275$170$102$60$20
40 years$416$262$159$94$55$18
41 years$401$249$149$87$50$16
42 years$387$237$140$80$45$14
43 years$374$226$132$74$41$12
44 years$361$216$123$68$37$10
45 years$349$206$116$63$34$9
46 years$338$196$109$58$31$8
47 years$327$187$102$54$28$7
48 years$316$179$96$50$25$6
49 years$306$171$90$46$23$5
50 years$297$163$85$43$21$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $304,000, adding $2,722 every year, while hoping to spend $22,326 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: 77/15/8 Blend
50$304,000$304,000$304,000$304,000
51$337,816$321,704$316,992$363,230
52$348,518$313,713$303,856$372,321
53$359,564$304,581$289,532$379,139
54$370,965$294,231$273,957$385,965
55$382,732$282,578$257,064$392,790
56$394,879$269,532$238,783$399,606
57$407,417$254,999$219,043$406,401
58$420,361$238,881$197,768$413,166
59$433,723$221,072$174,879$419,890
60$447,519$201,460$150,293$426,560
61$461,762$179,929$123,925$433,163
62$476,470$156,353$95,684$439,686
63$491,657$130,602$65,477$446,114
64$507,341$102,536$33,205$452,431
65$523,539$72,010$0$458,621
66$540,269$38,867$0$464,772
67$557,551$2,946$0$473,791
68$575,404$0$0$482,830
69$593,849$0$0$497,809
70$612,907$0$0$513,789
71$632,602$0$0$530,303
72$652,957$0$0$547,370
73$673,997$0$0$565,012
74$695,747$0$0$583,251
75$718,236$0$0$602,109
76$741,491$0$0$621,611
77$765,543$0$0$641,782
78$790,424$0$0$662,648
79$816,166$0$0$684,238
80$842,806$0$0$706,581
81$870,380$0$0$729,708
82$898,927$0$0$753,653
83$928,488$0$0$778,449
84$959,108$0$0$804,135
85$990,832$0$0$830,748
86$1,023,709$0$0$858,331
87$1,057,792$0$0$886,926
88$1,093,136$0$0$916,581
89$1,129,800$0$0$947,346
90$1,167,846$0$0$979,273
91$1,207,342$0$0$1,012,418
92$1,248,357$0$0$1,046,841
93$1,290,970$0$0$1,082,608
94$1,335,259$0$0$1,119,785
95$1,381,314$0$0$1,158,447
96$1,429,227$0$0$1,198,673
97$1,479,098$0$0$1,240,547
98$1,531,034$0$0$1,284,160
99$1,585,152$0$0$1,329,609
100$1,641,575$0$0$1,376,999