Can I retire at age 51 with 315,000?

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 $315,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$26,012$25,781$25,555$25,334$25,119$24,561
2 years$12,877$12,638$12,405$12,180$11,961$11,403
3 years$8,500$8,259$8,027$7,804$7,589$7,046
4 years$6,311$6,071$5,842$5,622$5,412$4,890
5 years$4,999$4,760$4,533$4,318$4,114$3,614
6 years$4,124$3,887$3,664$3,453$3,256$2,778
7 years$3,499$3,264$3,044$2,839$2,648$2,192
8 years$3,031$2,798$2,582$2,382$2,196$1,763
9 years$2,667$2,436$2,224$2,029$1,850$1,438
10 years$2,376$2,147$1,939$1,749$1,576$1,186
11 years$2,138$1,912$1,707$1,522$1,355$987
12 years$1,939$1,716$1,515$1,335$1,175$826
13 years$1,772$1,551$1,353$1,179$1,024$696
14 years$1,628$1,409$1,216$1,046$898$588
15 years$1,504$1,288$1,098$933$791$500
16 years$1,396$1,181$995$835$699$425
17 years$1,300$1,088$906$751$620$363
18 years$1,215$1,005$827$676$551$311
19 years$1,139$932$757$611$491$266
20 years$1,071$866$695$554$439$229
21 years$1,009$806$639$502$392$197
22 years$953$753$589$457$352$169
23 years$902$704$544$416$316$146
24 years$855$660$503$379$284$126
25 years$812$619$466$347$255$108
26 years$773$582$432$317$230$94
27 years$736$548$401$290$207$81
28 years$702$516$373$266$187$70
29 years$671$487$347$244$169$60
30 years$641$460$323$224$153$52
31 years$614$435$301$205$138$45
32 years$588$411$281$189$125$39
33 years$564$389$263$174$113$34
34 years$542$369$245$160$102$29
35 years$520$350$229$147$93$25
36 years$500$332$215$135$84$22
37 years$481$316$201$125$76$19
38 years$464$300$188$115$69$16
39 years$447$285$176$106$63$14
40 years$431$271$165$98$57$12
41 years$415$258$155$90$51$11
42 years$401$246$145$83$47$9
43 years$387$234$136$77$42$8
44 years$374$223$128$71$38$7
45 years$362$213$120$66$35$6
46 years$350$203$113$61$32$5
47 years$339$194$106$56$29$5
48 years$328$185$100$52$26$4
49 years$317$177$94$48$24$3
50 years$308$169$88$44$22$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $315,000, adding $3,598 every year, while hoping to spend $23,009 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: 23/49/28 Blend
50$315,000$315,000$315,000$315,000
51$350,841$334,146$329,264$355,750
52$362,146$326,038$315,813$352,158
53$373,832$316,761$301,140$346,149
54$385,915$306,235$285,180$339,228
55$398,410$294,372$267,865$331,333
56$411,333$281,081$249,124$322,402
57$424,701$266,266$228,881$312,367
58$438,532$249,825$207,061$301,158
59$452,845$231,649$183,580$288,701
60$467,659$211,624$158,354$274,918
61$482,997$189,630$131,295$259,726
62$498,879$165,539$102,310$243,039
63$515,330$139,215$71,303$224,765
64$532,374$110,517$38,172$204,808
65$550,038$79,294$2,813$183,067
66$568,349$45,387$0$159,436
67$587,338$8,628$0$144,237
68$607,036$0$0$128,492
69$627,476$0$0$128,075
70$648,694$0$0$132,478
71$670,729$0$0$137,057
72$693,621$0$0$141,821
73$717,415$0$0$146,782
74$742,156$0$0$151,948
75$767,896$0$0$157,333
76$794,686$0$0$162,949
77$822,587$0$0$168,808
78$851,658$0$0$174,927
79$881,968$0$0$181,320
80$913,587$0$0$188,004
81$946,595$0$0$194,998
82$981,073$0$0$202,322
83$1,017,112$0$0$209,996
84$1,054,811$0$0$218,046
85$1,094,274$0$0$226,495
86$1,135,617$0$0$235,372
87$1,178,963$0$0$244,706
88$1,224,447$0$0$254,529
89$1,272,215$0$0$264,878
90$1,322,426$0$0$275,791
91$1,375,253$0$0$287,310
92$1,430,883$0$0$299,480
93$1,489,521$0$0$312,352
94$1,551,390$0$0$325,980
95$1,616,732$0$0$340,424
96$1,685,813$0$0$355,748
97$1,758,921$0$0$372,025
98$1,836,373$0$0$389,332
99$1,918,514$0$0$407,753
100$2,005,720$0$0$427,383