Can I retire at age 51 with 703,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%13.4%
1 years$58,053$57,536$57,031$56,539$56,058$55,266
2 years$28,739$28,204$27,685$27,182$26,694$25,898
3 years$18,969$18,432$17,914$17,416$16,936$16,160
4 years$14,085$13,549$13,037$12,547$12,079$11,329
5 years$11,155$10,623$10,117$9,637$9,182$8,461
6 years$9,203$8,674$8,176$7,707$7,266$6,574
7 years$7,809$7,285$6,794$6,336$5,909$5,247
8 years$6,764$6,244$5,762$5,316$4,902$4,269
9 years$5,951$5,437$4,963$4,528$4,128$3,525
10 years$5,302$4,792$4,327$3,903$3,517$2,943
11 years$4,771$4,266$3,809$3,397$3,025$2,479
12 years$4,328$3,829$3,381$2,979$2,621$2,103
13 years$3,954$3,460$3,020$2,630$2,286$1,794
14 years$3,634$3,145$2,714$2,335$2,004$1,538
15 years$3,357$2,873$2,450$2,082$1,764$1,324
16 years$3,115$2,636$2,221$1,864$1,559$1,143
17 years$2,901$2,428$2,021$1,675$1,383$990
18 years$2,711$2,244$1,845$1,510$1,229$859
19 years$2,542$2,079$1,689$1,364$1,096$748
20 years$2,389$1,932$1,550$1,236$979$652
21 years$2,252$1,800$1,426$1,121$876$569
22 years$2,127$1,680$1,314$1,020$785$497
23 years$2,013$1,571$1,214$928$705$435
24 years$1,908$1,472$1,122$847$633$381
25 years$1,812$1,382$1,039$773$570$334
26 years$1,724$1,298$964$707$513$293
27 years$1,643$1,222$895$647$463$257
28 years$1,567$1,151$832$593$418$226
29 years$1,497$1,086$774$544$377$198
30 years$1,431$1,026$721$499$341$174
31 years$1,370$970$673$458$308$153
32 years$1,313$918$627$421$279$135
33 years$1,259$869$586$387$252$119
34 years$1,209$824$547$356$228$104
35 years$1,161$781$512$328$207$92
36 years$1,117$741$479$302$187$81
37 years$1,074$704$448$278$170$71
38 years$1,035$669$420$257$154$63
39 years$997$636$393$237$140$55
40 years$961$605$369$218$127$49
41 years$927$576$346$201$115$43
42 years$895$549$324$186$104$38
43 years$864$523$304$172$95$33
44 years$835$499$286$158$86$29
45 years$807$475$268$146$78$26
46 years$781$454$252$135$71$23
47 years$756$433$237$125$64$20
48 years$732$413$222$115$58$18
49 years$708$395$209$107$53$16
50 years$686$377$196$99$48$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $703,000, adding $6,258 every year, while hoping to spend $55,517 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: 43/38/19 Blend
50$703,000$703,000$703,000$703,000
51$781,161$743,902$733,006$810,188
52$801,770$721,284$698,492$808,671
53$822,620$695,696$660,961$801,109
54$843,678$666,936$620,253$791,762
55$864,903$634,786$576,202$780,491
56$886,252$599,019$528,634$767,149
57$907,672$559,393$477,365$751,581
58$929,103$515,652$422,206$733,619
59$950,480$467,527$362,958$713,085
60$971,725$414,732$299,413$689,788
61$992,752$356,966$231,354$663,525
62$1,013,465$293,909$158,556$634,078
63$1,033,752$225,224$80,782$601,216
64$1,053,492$150,558$0$564,689
65$1,072,546$69,532$0$524,681
66$1,090,758$0$0$497,965
67$1,107,956$0$0$475,528
68$1,123,945$0$0$481,545
69$1,138,509$0$0$486,839
70$1,151,406$0$0$491,291
71$1,162,366$0$0$494,774
72$1,171,091$0$0$497,143
73$1,177,245$0$0$498,239
74$1,180,458$0$0$497,884
75$1,180,318$0$0$495,881
76$1,176,366$0$0$492,010
77$1,168,094$0$0$486,030
78$1,154,938$0$0$477,670
79$1,136,273$0$0$466,633
80$1,111,405$0$0$452,587
81$1,079,567$0$0$435,167
82$1,039,907$0$0$413,967
83$991,484$0$0$388,539
84$933,255$0$0$358,386
85$864,067$0$0$322,960
86$782,643$0$0$281,652
87$687,574$0$0$233,792
88$577,298$0$0$178,638
89$450,091$0$0$115,370
90$304,047$0$0$43,082
91$137,060$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