Can I retire at age 51 with 317,000?

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 $317,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$26,178$25,944$25,717$25,495$25,278$24,859
2 years$12,959$12,718$12,484$12,257$12,037$11,616
3 years$8,554$8,311$8,078$7,853$7,637$7,227
4 years$6,351$6,110$5,879$5,658$5,447$5,052
5 years$5,030$4,790$4,562$4,346$4,140$3,761
6 years$4,150$3,911$3,687$3,475$3,276$2,912
7 years$3,521$3,285$3,064$2,857$2,664$2,317
8 years$3,050$2,816$2,598$2,397$2,210$1,879
9 years$2,684$2,452$2,238$2,042$1,861$1,545
10 years$2,391$2,161$1,951$1,760$1,586$1,286
11 years$2,151$1,924$1,718$1,532$1,364$1,079
12 years$1,952$1,727$1,524$1,343$1,182$912
13 years$1,783$1,560$1,362$1,186$1,031$775
14 years$1,639$1,418$1,224$1,053$904$661
15 years$1,514$1,296$1,105$939$796$567
16 years$1,404$1,189$1,002$841$703$488
17 years$1,308$1,095$912$755$623$421
18 years$1,223$1,012$832$681$554$363
19 years$1,146$938$762$615$494$315
20 years$1,077$871$699$557$441$273
21 years$1,015$812$643$506$395$237
22 years$959$758$593$460$354$206
23 years$908$709$547$419$318$180
24 years$860$664$506$382$286$157
25 years$817$623$469$349$257$137
26 years$777$585$435$319$232$119
27 years$741$551$404$292$209$104
28 years$707$519$375$267$188$91
29 years$675$490$349$245$170$80
30 years$645$463$325$225$154$70
31 years$618$437$303$207$139$61
32 years$592$414$283$190$126$53
33 years$568$392$264$175$114$47
34 years$545$371$247$161$103$41
35 years$524$352$231$148$93$36
36 years$503$334$216$136$85$31
37 years$484$318$202$126$77$28
38 years$466$302$189$116$69$24
39 years$449$287$177$107$63$21
40 years$433$273$166$98$57$19
41 years$418$260$156$91$52$16
42 years$404$248$146$84$47$14
43 years$390$236$137$77$43$12
44 years$377$225$129$71$39$11
45 years$364$214$121$66$35$10
46 years$352$204$114$61$32$8
47 years$341$195$107$56$29$7
48 years$330$186$100$52$26$6
49 years$319$178$94$48$24$6
50 years$310$170$89$44$22$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $317,000, adding $4,444 every year, while hoping to spend $25,951 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: 49/34/17 Blend
50$317,000$317,000$317,000$317,000
51$353,918$337,117$332,203$369,380
52$362,406$326,024$315,721$369,440
53$370,890$313,518$297,816$366,477
54$379,342$299,502$278,414$362,698
55$387,731$283,873$257,437$358,036
56$396,021$266,524$234,802$352,417
57$404,172$247,341$210,425$345,764
58$412,138$226,202$184,215$337,995
59$419,870$202,979$156,080$329,020
60$427,310$177,538$125,922$318,743
61$434,393$149,735$93,638$307,060
62$441,050$119,420$59,123$293,862
63$447,199$86,434$22,266$279,027
64$452,752$50,608$0$262,429
65$457,610$11,765$0$247,025
66$461,661$0$0$234,081
67$464,783$0$0$230,748
68$466,839$0$0$231,220
69$467,675$0$0$231,015
70$467,123$0$0$230,039
71$464,995$0$0$228,191
72$461,082$0$0$225,357
73$455,153$0$0$221,411
74$446,951$0$0$216,214
75$436,191$0$0$209,613
76$422,558$0$0$201,435
77$405,704$0$0$191,492
78$385,243$0$0$179,574
79$360,746$0$0$165,451
80$331,742$0$0$148,864
81$297,706$0$0$129,532
82$258,061$0$0$107,141
83$212,166$0$0$81,344
84$159,315$0$0$51,759
85$98,727$0$0$17,963
86$29,538$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
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