Can I retire at age 51 with 307,000?

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 $307,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$25,352$25,126$24,906$24,691$24,481$24,326
2 years$12,550$12,317$12,090$11,870$11,657$11,502
3 years$8,284$8,049$7,823$7,606$7,396$7,244
4 years$6,151$5,917$5,693$5,479$5,275$5,127
5 years$4,872$4,639$4,418$4,209$4,010$3,867
6 years$4,019$3,788$3,571$3,366$3,173$3,036
7 years$3,410$3,181$2,967$2,767$2,580$2,449
8 years$2,954$2,727$2,516$2,321$2,141$2,014
9 years$2,599$2,374$2,167$1,977$1,803$1,682
10 years$2,315$2,093$1,890$1,704$1,536$1,420
11 years$2,083$1,863$1,664$1,483$1,321$1,210
12 years$1,890$1,672$1,476$1,301$1,145$1,039
13 years$1,727$1,511$1,319$1,149$998$898
14 years$1,587$1,374$1,185$1,020$875$779
15 years$1,466$1,255$1,070$909$770$679
16 years$1,360$1,151$970$814$681$594
17 years$1,267$1,060$883$732$604$522
18 years$1,184$980$806$659$537$459
19 years$1,110$908$738$596$479$405
20 years$1,043$844$677$540$427$358
21 years$983$786$623$490$382$317
22 years$929$734$574$445$343$281
23 years$879$686$530$405$308$249
24 years$833$643$490$370$277$221
25 years$791$603$454$338$249$197
26 years$753$567$421$309$224$175
27 years$717$534$391$283$202$156
28 years$684$503$363$259$182$139
29 years$654$474$338$237$165$124
30 years$625$448$315$218$149$111
31 years$598$424$294$200$135$99
32 years$573$401$274$184$122$89
33 years$550$379$256$169$110$79
34 years$528$360$239$156$100$71
35 years$507$341$223$143$90$63
36 years$488$324$209$132$82$57
37 years$469$308$196$122$74$51
38 years$452$292$183$112$67$45
39 years$435$278$172$103$61$41
40 years$420$264$161$95$55$36
41 years$405$252$151$88$50$33
42 years$391$240$142$81$46$29
43 years$377$228$133$75$41$26
44 years$365$218$125$69$38$23
45 years$353$208$117$64$34$21
46 years$341$198$110$59$31$19
47 years$330$189$103$55$28$17
48 years$319$180$97$50$25$15
49 years$309$172$91$47$23$14
50 years$300$165$86$43$21$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $307,000, adding $4,609 every year, while hoping to spend $22,527 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: 70/6/24 Blend
50$307,000$307,000$307,000$307,000
51$343,068$326,797$322,039$364,698
52$354,093$318,842$308,858$371,799
53$365,486$309,741$294,482$376,511
54$377,264$299,416$278,844$381,132
55$389,439$287,782$261,880$385,650
56$402,027$274,749$243,519$390,054
57$415,045$260,223$223,688$394,333
58$428,509$244,103$202,310$398,475
59$442,437$226,284$179,308$402,467
60$456,847$206,654$154,596$406,295
61$471,760$185,094$128,089$409,947
62$487,195$161,479$99,696$413,407
63$503,176$135,679$69,323$416,662
64$519,724$107,551$36,870$419,695
65$536,865$76,950$2,234$422,490
66$554,625$43,720$0$425,033
67$573,030$7,696$0$436,197
68$592,111$0$0$448,263
69$611,898$0$0$462,735
70$632,423$0$0$478,276
71$653,723$0$0$494,405
72$675,835$0$0$511,150
73$698,797$0$0$528,543
74$722,654$0$0$546,615
75$747,451$0$0$565,402
76$773,236$0$0$584,940
77$800,062$0$0$605,270
78$827,985$0$0$626,435
79$857,064$0$0$648,481
80$887,366$0$0$671,457
81$918,959$0$0$695,416
82$951,919$0$0$720,417
83$986,326$0$0$746,521
84$1,022,268$0$0$773,796
85$1,059,839$0$0$802,312
86$1,099,142$0$0$832,150
87$1,140,286$0$0$863,393
88$1,183,391$0$0$896,133
89$1,228,587$0$0$930,471
90$1,276,015$0$0$966,512
91$1,325,826$0$0$1,004,376
92$1,378,188$0$0$1,044,189
93$1,433,280$0$0$1,086,091
94$1,491,299$0$0$1,130,231
95$1,552,458$0$0$1,176,774
96$1,616,990$0$0$1,225,899
97$1,685,149$0$0$1,277,802
98$1,757,213$0$0$1,332,694
99$1,833,482$0$0$1,390,810
100$1,914,287$0$0$1,452,401