Can I retire at age 51 with 319,000?

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 $319,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$26,343$26,108$25,879$25,656$25,438$25,224
2 years$13,041$12,798$12,563$12,334$12,113$11,898
3 years$8,608$8,364$8,129$7,903$7,685$7,475
4 years$6,391$6,148$5,916$5,694$5,481$5,278
5 years$5,062$4,820$4,591$4,373$4,167$3,971
6 years$4,176$3,936$3,710$3,497$3,297$3,108
7 years$3,543$3,306$3,083$2,875$2,681$2,500
8 years$3,069$2,833$2,615$2,412$2,224$2,051
9 years$2,701$2,467$2,252$2,055$1,873$1,707
10 years$2,406$2,175$1,963$1,771$1,596$1,437
11 years$2,165$1,936$1,729$1,541$1,373$1,221
12 years$1,964$1,738$1,534$1,352$1,190$1,045
13 years$1,794$1,570$1,371$1,194$1,037$900
14 years$1,649$1,427$1,231$1,059$909$779
15 years$1,523$1,304$1,112$945$801$677
16 years$1,413$1,196$1,008$846$708$590
17 years$1,316$1,102$917$760$627$516
18 years$1,230$1,018$837$685$558$452
19 years$1,153$944$767$619$497$398
20 years$1,084$877$704$561$444$350
21 years$1,022$817$647$509$397$309
22 years$965$762$596$463$356$273
23 years$913$713$551$421$320$241
24 years$866$668$509$384$287$213
25 years$822$627$472$351$259$189
26 years$782$589$437$321$233$168
27 years$745$554$406$294$210$149
28 years$711$523$378$269$190$132
29 years$679$493$351$247$171$118
30 years$649$466$327$226$155$105
31 years$622$440$305$208$140$93
32 years$596$416$285$191$126$83
33 years$571$394$266$176$114$74
34 years$548$374$248$162$104$66
35 years$527$354$232$149$94$58
36 years$507$336$217$137$85$52
37 years$488$320$203$126$77$46
38 years$469$304$190$116$70$41
39 years$452$289$178$107$63$37
40 years$436$275$167$99$57$33
41 years$421$262$157$91$52$29
42 years$406$249$147$84$47$26
43 years$392$237$138$78$43$23
44 years$379$226$130$72$39$21
45 years$366$216$122$66$35$19
46 years$354$206$114$61$32$17
47 years$343$196$107$57$29$15
48 years$332$187$101$52$26$13
49 years$321$179$95$48$24$12
50 years$311$171$89$45$22$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $319,000, adding $3,493 every year, while hoping to spend $25,395 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: 80/9/11 Blend
50$319,000$319,000$319,000$319,000
51$355,141$338,234$333,290$382,592
52$364,345$327,787$317,435$390,664
53$373,637$315,978$300,197$395,858
54$382,999$302,712$281,505$400,813
55$392,410$287,890$261,281$405,492
56$401,847$271,407$239,445$409,857
57$411,283$253,154$215,914$413,864
58$420,688$233,012$190,600$417,465
59$430,027$210,858$163,414$420,607
60$439,260$186,561$134,259$423,234
61$448,345$159,983$103,037$425,282
62$457,231$130,977$69,644$426,683
63$465,863$99,389$33,971$427,359
64$474,178$65,056$0$427,228
65$482,106$27,806$0$426,680
66$489,570$0$0$429,420
67$496,481$0$0$432,603
68$502,741$0$0$437,962
69$508,242$0$0$442,646
70$512,862$0$0$446,548
71$516,465$0$0$449,549
72$518,902$0$0$451,515
73$520,005$0$0$452,300
74$519,588$0$0$451,739
75$517,444$0$0$449,650
76$513,345$0$0$445,831
77$507,036$0$0$440,057
78$498,236$0$0$432,079
79$486,631$0$0$421,623
80$471,876$0$0$408,382
81$453,588$0$0$392,019
82$431,343$0$0$372,160
83$404,670$0$0$348,390
84$373,051$0$0$320,251
85$335,910$0$0$287,236
86$292,612$0$0$248,784
87$242,455$0$0$204,276
88$184,662$0$0$153,027
89$118,374$0$0$94,280
90$42,644$0$0$27,199
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