Can I retire at age 51 with 323,000?

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 $323,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$26,673$26,435$26,204$25,977$25,756$25,247
2 years$13,204$12,959$12,720$12,489$12,265$11,754
3 years$8,716$8,469$8,231$8,002$7,781$7,284
4 years$6,472$6,225$5,990$5,765$5,550$5,071
5 years$5,125$4,881$4,648$4,428$4,219$3,759
6 years$4,228$3,985$3,757$3,541$3,338$2,899
7 years$3,588$3,347$3,122$2,911$2,715$2,295
8 years$3,108$2,869$2,648$2,442$2,252$1,853
9 years$2,734$2,498$2,280$2,080$1,897$1,517
10 years$2,436$2,202$1,988$1,793$1,616$1,256
11 years$2,192$1,960$1,750$1,561$1,390$1,048
12 years$1,989$1,759$1,553$1,369$1,204$881
13 years$1,817$1,590$1,388$1,209$1,050$745
14 years$1,670$1,445$1,247$1,073$921$633
15 years$1,542$1,320$1,126$957$811$539
16 years$1,431$1,211$1,021$857$716$461
17 years$1,333$1,116$929$770$635$396
18 years$1,246$1,031$848$694$565$340
19 years$1,168$955$776$627$503$293
20 years$1,098$888$712$568$450$252
21 years$1,035$827$655$515$402$218
22 years$977$772$604$468$361$188
23 years$925$722$558$427$324$163
24 years$877$676$516$389$291$141
25 years$833$635$478$355$262$122
26 years$792$597$443$325$236$106
27 years$755$561$411$297$213$92
28 years$720$529$382$272$192$80
29 years$688$499$356$250$173$70
30 years$657$471$331$229$157$60
31 years$629$446$309$211$142$53
32 years$603$422$288$194$128$46
33 years$578$399$269$178$116$40
34 years$555$378$252$164$105$35
35 years$534$359$235$151$95$30
36 years$513$341$220$139$86$26
37 years$494$324$206$128$78$23
38 years$475$307$193$118$71$20
39 years$458$292$181$109$64$17
40 years$442$278$169$100$58$15
41 years$426$265$159$93$53$13
42 years$411$252$149$85$48$11
43 years$397$240$140$79$43$10
44 years$384$229$131$73$39$9
45 years$371$218$123$67$36$8
46 years$359$208$116$62$33$7
47 years$347$199$109$57$30$6
48 years$336$190$102$53$27$5
49 years$326$181$96$49$24$4
50 years$315$173$90$45$22$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $323,000, adding $5,610 every year, while hoping to spend $24,072 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: 81/13/6 Blend
50$323,000$323,000$323,000$323,000
51$361,733$344,614$339,607$390,417
52$373,017$335,887$325,372$401,274
53$384,646$325,927$309,852$409,407
54$396,628$314,646$292,981$417,594
55$408,974$301,953$274,686$425,827
56$421,694$287,754$254,893$434,098
57$434,798$271,945$233,523$442,397
58$448,297$254,420$210,495$450,714
59$462,201$235,064$185,724$459,038
60$476,520$213,757$159,121$467,356
61$491,266$190,372$130,593$475,654
62$506,450$164,775$100,042$483,920
63$522,082$136,823$67,368$492,135
64$538,174$106,367$32,464$500,285
65$554,737$73,248$0$508,350
66$571,782$37,298$0$516,616
67$589,319$0$0$526,995
68$607,361$0$0$537,626
69$625,918$0$0$554,048
70$645,001$0$0$570,935
71$664,621$0$0$588,296
72$684,787$0$0$606,141
73$705,510$0$0$624,478
74$726,800$0$0$643,315
75$748,664$0$0$662,660
76$771,113$0$0$682,521
77$794,153$0$0$702,905
78$817,791$0$0$723,817
79$842,033$0$0$745,262
80$866,884$0$0$767,244
81$892,347$0$0$789,766
82$918,424$0$0$812,830
83$945,115$0$0$836,436
84$972,419$0$0$860,581
85$1,000,331$0$0$885,262
86$1,028,845$0$0$910,473
87$1,057,952$0$0$936,206
88$1,087,638$0$0$962,448
89$1,117,889$0$0$989,185
90$1,148,683$0$0$1,016,400
91$1,179,997$0$0$1,044,070
92$1,211,800$0$0$1,072,168
93$1,244,058$0$0$1,100,662
94$1,276,728$0$0$1,129,515
95$1,309,763$0$0$1,158,684
96$1,343,106$0$0$1,188,118
97$1,376,692$0$0$1,217,759
98$1,410,446$0$0$1,247,539
99$1,444,284$0$0$1,277,382
100$1,478,106$0$0$1,307,200