Can I retire at age 51 with 312,000?

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 $312,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$25,765$25,535$25,311$25,093$24,879$24,064
2 years$12,755$12,517$12,287$12,064$11,847$11,033
3 years$8,419$8,180$7,951$7,729$7,516$6,730
4 years$6,251$6,013$5,786$5,569$5,361$4,607
5 years$4,951$4,714$4,490$4,277$4,075$3,357
6 years$4,084$3,850$3,629$3,421$3,225$2,542
7 years$3,466$3,233$3,015$2,812$2,622$1,976
8 years$3,002$2,771$2,557$2,359$2,176$1,564
9 years$2,641$2,413$2,203$2,009$1,832$1,255
10 years$2,353$2,127$1,920$1,732$1,561$1,018
11 years$2,117$1,893$1,691$1,507$1,343$832
12 years$1,921$1,699$1,500$1,322$1,163$685
13 years$1,755$1,536$1,340$1,167$1,015$566
14 years$1,613$1,396$1,204$1,036$889$470
15 years$1,490$1,275$1,087$924$783$391
16 years$1,382$1,170$986$827$692$327
17 years$1,287$1,078$897$743$614$274
18 years$1,203$996$819$670$546$230
19 years$1,128$923$750$605$486$193
20 years$1,060$858$688$548$434$162
21 years$999$799$633$498$389$137
22 years$944$746$583$452$348$115
23 years$893$697$539$412$313$97
24 years$847$653$498$376$281$82
25 years$804$613$461$343$253$69
26 years$765$576$428$314$228$58
27 years$729$542$397$287$205$49
28 years$695$511$369$263$185$42
29 years$664$482$344$241$167$35
30 years$635$455$320$222$151$30
31 years$608$430$298$203$137$25
32 years$583$407$278$187$124$21
33 years$559$386$260$172$112$18
34 years$536$366$243$158$101$15
35 years$515$347$227$146$92$13
36 years$496$329$212$134$83$11
37 years$477$313$199$124$75$9
38 years$459$297$186$114$68$8
39 years$442$282$174$105$62$7
40 years$427$269$164$97$56$6
41 years$412$256$153$89$51$5
42 years$397$244$144$82$46$4
43 years$384$232$135$76$42$3
44 years$371$221$127$70$38$3
45 years$358$211$119$65$35$2
46 years$347$201$112$60$31$2
47 years$335$192$105$55$29$2
48 years$325$183$99$51$26$1
49 years$314$175$93$47$24$1
50 years$305$167$87$44$21$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $312,000, adding $4,600 every year, while hoping to spend $22,072 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: 47/39/14 Blend
50$312,000$312,000$312,000$312,000
51$348,569$332,033$327,197$363,377
52$360,638$324,818$314,674$366,890
53$373,199$316,510$300,991$368,071
54$386,279$307,032$286,087$368,865
55$399,905$296,302$269,896$369,247
56$414,109$284,234$252,352$369,187
57$428,924$270,738$233,382$368,654
58$444,387$255,717$212,912$367,618
59$460,535$239,068$190,866$366,045
60$477,412$220,685$167,163$363,901
61$495,062$200,453$141,717$361,152
62$513,535$178,251$114,441$357,760
63$532,883$153,953$85,242$353,689
64$553,164$127,423$54,024$348,897
65$574,441$98,521$20,688$343,346
66$596,780$67,095$0$336,994
67$620,256$32,987$0$332,023
68$644,949$0$0$329,607
69$670,945$0$0$328,329
70$698,340$0$0$341,914
71$727,236$0$0$356,257
72$757,746$0$0$371,416
73$789,992$0$0$387,455
74$824,109$0$0$404,441
75$860,242$0$0$422,450
76$898,551$0$0$441,564
77$939,210$0$0$461,873
78$982,410$0$0$483,473
79$1,028,360$0$0$506,474
80$1,077,287$0$0$530,991
81$1,129,442$0$0$557,155
82$1,185,099$0$0$585,105
83$1,244,556$0$0$614,996
84$1,308,144$0$0$646,998
85$1,376,222$0$0$681,296
86$1,449,185$0$0$718,094
87$1,527,467$0$0$757,616
88$1,611,543$0$0$800,107
89$1,701,936$0$0$845,835
90$1,799,218$0$0$895,098
91$1,904,019$0$0$948,220
92$2,017,030$0$0$1,005,558
93$2,139,011$0$0$1,067,503
94$2,270,795$0$0$1,134,488
95$2,413,300$0$0$1,206,985
96$2,567,533$0$0$1,285,515
97$2,734,602$0$0$1,370,651
98$2,915,725$0$0$1,463,023
99$3,112,243$0$0$1,563,322
100$3,325,627$0$0$1,672,310