Can I retire at age 51 with 703,000?

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 $703,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$58,053$57,536$57,031$56,539$56,058$54,747
2 years$28,739$28,204$27,685$27,182$26,694$25,381
3 years$18,969$18,432$17,914$17,416$16,936$15,662
4 years$14,085$13,549$13,037$12,547$12,079$10,853
5 years$11,155$10,623$10,117$9,637$9,182$8,008
6 years$9,203$8,674$8,176$7,707$7,266$6,145
7 years$7,809$7,285$6,794$6,336$5,909$4,841
8 years$6,764$6,244$5,762$5,316$4,902$3,887
9 years$5,951$5,437$4,963$4,528$4,128$3,165
10 years$5,302$4,792$4,327$3,903$3,517$2,606
11 years$4,771$4,266$3,809$3,397$3,025$2,163
12 years$4,328$3,829$3,381$2,979$2,621$1,808
13 years$3,954$3,460$3,020$2,630$2,286$1,519
14 years$3,634$3,145$2,714$2,335$2,004$1,282
15 years$3,357$2,873$2,450$2,082$1,764$1,086
16 years$3,115$2,636$2,221$1,864$1,559$923
17 years$2,901$2,428$2,021$1,675$1,383$786
18 years$2,711$2,244$1,845$1,510$1,229$671
19 years$2,542$2,079$1,689$1,364$1,096$574
20 years$2,389$1,932$1,550$1,236$979$492
21 years$2,252$1,800$1,426$1,121$876$422
22 years$2,127$1,680$1,314$1,020$785$362
23 years$2,013$1,571$1,214$928$705$311
24 years$1,908$1,472$1,122$847$633$268
25 years$1,812$1,382$1,039$773$570$230
26 years$1,724$1,298$964$707$513$198
27 years$1,643$1,222$895$647$463$171
28 years$1,567$1,151$832$593$418$147
29 years$1,497$1,086$774$544$377$127
30 years$1,431$1,026$721$499$341$110
31 years$1,370$970$673$458$308$95
32 years$1,313$918$627$421$279$82
33 years$1,259$869$586$387$252$70
34 years$1,209$824$547$356$228$61
35 years$1,161$781$512$328$207$53
36 years$1,117$741$479$302$187$45
37 years$1,074$704$448$278$170$39
38 years$1,035$669$420$257$154$34
39 years$997$636$393$237$140$29
40 years$961$605$369$218$127$25
41 years$927$576$346$201$115$22
42 years$895$549$324$186$104$19
43 years$864$523$304$172$95$16
44 years$835$499$286$158$86$14
45 years$807$475$268$146$78$12
46 years$781$454$252$135$71$11
47 years$756$433$237$125$64$9
48 years$732$413$222$115$58$8
49 years$708$395$209$107$53$7
50 years$686$377$196$99$48$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $703,000, adding $4,855 every year, while hoping to spend $42,632 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: 62/31/7 Blend
50$703,000$703,000$703,000$703,000
51$779,714$742,455$731,558$826,691
52$813,885$733,475$710,706$849,677
53$850,112$722,626$687,725$869,354
54$888,561$709,772$662,501$889,738
55$929,411$694,768$634,912$910,896
56$972,859$677,460$604,830$932,904
57$1,019,122$657,687$572,123$955,847
58$1,068,435$635,276$536,652$979,821
59$1,121,057$610,047$498,271$1,004,932
60$1,177,271$581,805$456,830$1,031,301
61$1,237,388$550,349$412,169$1,059,063
62$1,301,748$515,462$364,122$1,088,368
63$1,370,724$476,917$312,518$1,119,385
64$1,444,726$434,474$257,176$1,152,302
65$1,524,203$387,879$197,906$1,187,331
66$1,609,648$336,861$134,512$1,224,707
67$1,701,603$281,138$66,789$1,264,693
68$1,800,662$220,410$0$1,307,581
69$1,907,478$154,358$0$1,354,109
70$2,022,769$82,650$0$1,409,582
71$2,147,322$4,931$0$1,469,429
72$2,282,004$0$0$1,534,121
73$2,427,766$0$0$1,631,188
74$2,585,656$0$0$1,738,197
75$2,756,824$0$0$1,854,250
76$2,942,535$0$0$1,980,212
77$3,144,181$0$0$2,117,031
78$3,363,292$0$0$2,265,754
79$3,601,552$0$0$2,427,529
80$3,860,813$0$0$2,603,621
81$4,143,114$0$0$2,795,422
82$4,450,698$0$0$3,004,463
83$4,786,032$0$0$3,232,429
84$5,151,833$0$0$3,481,175
85$5,551,091$0$0$3,752,743
86$5,987,097$0$0$4,049,381
87$6,463,475$0$0$4,373,561
88$6,984,212$0$0$4,728,010
89$7,553,700$0$0$5,115,725
90$8,176,775$0$0$5,540,009
91$8,858,760$0$0$6,004,497
92$9,605,519$0$0$6,513,196
93$10,423,506$0$0$7,070,512
94$11,319,832$0$0$7,681,304
95$12,302,327$0$0$8,350,919
96$13,379,615$0$0$9,085,247
97$14,561,193$0$0$9,890,777
98$15,857,523$0$0$10,774,654
99$17,280,128$0$0$11,744,750
100$18,841,700$0$0$12,809,734