Can I retire at age 51 with 305,000?

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 $305,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$25,187$24,962$24,743$24,530$24,321$23,599
2 years$12,469$12,236$12,011$11,793$11,581$10,860
3 years$8,230$7,997$7,772$7,556$7,348$6,650
4 years$6,111$5,878$5,656$5,444$5,240$4,571
5 years$4,840$4,609$4,389$4,181$3,984$3,345
6 years$3,993$3,763$3,547$3,344$3,152$2,544
7 years$3,388$3,160$2,948$2,749$2,564$1,986
8 years$2,934$2,709$2,500$2,306$2,127$1,580
9 years$2,582$2,359$2,153$1,964$1,791$1,274
10 years$2,300$2,079$1,877$1,693$1,526$1,038
11 years$2,070$1,851$1,653$1,474$1,312$853
12 years$1,878$1,661$1,467$1,293$1,137$706
13 years$1,716$1,501$1,310$1,141$992$587
14 years$1,577$1,365$1,177$1,013$869$490
15 years$1,456$1,247$1,063$903$765$410
16 years$1,351$1,144$964$809$677$345
17 years$1,259$1,053$877$727$600$290
18 years$1,176$973$801$655$533$245
19 years$1,103$902$733$592$475$207
20 years$1,037$838$673$536$425$175
21 years$977$781$619$486$380$148
22 years$923$729$570$442$341$126
23 years$873$682$527$403$306$107
24 years$828$639$487$367$275$91
25 years$786$599$451$336$247$77
26 years$748$563$418$307$223$65
27 years$713$530$388$281$201$56
28 years$680$500$361$257$181$47
29 years$649$471$336$236$164$40
30 years$621$445$313$217$148$34
31 years$594$421$292$199$134$29
32 years$569$398$272$183$121$25
33 years$546$377$254$168$109$21
34 years$524$357$237$155$99$18
35 years$504$339$222$142$90$15
36 years$484$322$208$131$81$13
37 years$466$306$194$121$74$11
38 years$449$290$182$111$67$10
39 years$432$276$171$103$61$8
40 years$417$263$160$95$55$7
41 years$402$250$150$87$50$6
42 years$388$238$141$81$45$5
43 years$375$227$132$74$41$4
44 years$362$216$124$69$37$4
45 years$350$206$116$63$34$3
46 years$339$197$109$59$31$3
47 years$328$188$103$54$28$2
48 years$317$179$96$50$25$2
49 years$307$171$91$46$23$2
50 years$298$164$85$43$21$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $305,000, adding $5,409 every year, while hoping to spend $23,656 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: 26/44/30 Blend
50$305,000$305,000$305,000$305,000
51$341,689$325,524$320,797$347,289
52$351,372$316,305$306,374$343,123
53$361,249$305,842$290,675$336,302
54$371,316$294,047$273,632$328,506
55$381,566$280,832$255,174$319,670
56$391,992$266,098$235,229$309,723
57$402,583$249,745$213,717$298,592
58$413,329$231,665$190,559$286,199
59$424,216$211,744$165,670$272,463
60$435,228$189,862$138,962$257,295
61$446,348$165,891$110,343$240,603
62$457,553$139,698$79,718$222,289
63$468,821$111,140$46,985$202,250
64$480,122$80,068$12,041$180,377
65$491,426$46,322$0$156,553
66$502,696$9,737$0$138,738
67$513,892$0$0$123,359
68$524,967$0$0$120,917
69$535,870$0$0$123,112
70$546,542$0$0$125,211
71$556,916$0$0$127,195
72$566,920$0$0$129,042
73$576,469$0$0$130,726
74$585,472$0$0$132,220
75$593,825$0$0$133,494
76$601,411$0$0$134,514
77$608,103$0$0$135,240
78$613,755$0$0$135,631
79$618,208$0$0$135,640
80$621,284$0$0$135,215
81$622,784$0$0$134,296
82$622,488$0$0$132,821
83$620,151$0$0$130,717
84$615,503$0$0$127,906
85$608,241$0$0$124,299
86$598,032$0$0$119,800
87$584,506$0$0$114,301
88$567,253$0$0$107,682
89$545,819$0$0$99,813
90$519,701$0$0$90,548
91$488,342$0$0$79,724
92$451,127$0$0$67,165
93$407,374$0$0$52,674
94$356,331$0$0$36,031
95$297,165$0$0$16,998
96$228,956$0$0$0
97$150,686$0$0$0
98$61,231$0$0$0
99$0$0$0$0
100$0$0$0$0