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%13.2%
1 years$58,053$57,536$57,031$56,539$56,058$55,312
2 years$28,739$28,204$27,685$27,182$26,694$25,944
3 years$18,969$18,432$17,914$17,416$16,936$16,204
4 years$14,085$13,549$13,037$12,547$12,079$11,372
5 years$11,155$10,623$10,117$9,637$9,182$8,502
6 years$9,203$8,674$8,176$7,707$7,266$6,612
7 years$7,809$7,285$6,794$6,336$5,909$5,283
8 years$6,764$6,244$5,762$5,316$4,902$4,304
9 years$5,951$5,437$4,963$4,528$4,128$3,558
10 years$5,302$4,792$4,327$3,903$3,517$2,974
11 years$4,771$4,266$3,809$3,397$3,025$2,508
12 years$4,328$3,829$3,381$2,979$2,621$2,130
13 years$3,954$3,460$3,020$2,630$2,286$1,820
14 years$3,634$3,145$2,714$2,335$2,004$1,562
15 years$3,357$2,873$2,450$2,082$1,764$1,346
16 years$3,115$2,636$2,221$1,864$1,559$1,164
17 years$2,901$2,428$2,021$1,675$1,383$1,010
18 years$2,711$2,244$1,845$1,510$1,229$878
19 years$2,542$2,079$1,689$1,364$1,096$765
20 years$2,389$1,932$1,550$1,236$979$668
21 years$2,252$1,800$1,426$1,121$876$583
22 years$2,127$1,680$1,314$1,020$785$511
23 years$2,013$1,571$1,214$928$705$447
24 years$1,908$1,472$1,122$847$633$392
25 years$1,812$1,382$1,039$773$570$345
26 years$1,724$1,298$964$707$513$303
27 years$1,643$1,222$895$647$463$266
28 years$1,567$1,151$832$593$418$234
29 years$1,497$1,086$774$544$377$206
30 years$1,431$1,026$721$499$341$181
31 years$1,370$970$673$458$308$160
32 years$1,313$918$627$421$279$141
33 years$1,259$869$586$387$252$124
34 years$1,209$824$547$356$228$109
35 years$1,161$781$512$328$207$96
36 years$1,117$741$479$302$187$85
37 years$1,074$704$448$278$170$75
38 years$1,035$669$420$257$154$66
39 years$997$636$393$237$140$58
40 years$961$605$369$218$127$52
41 years$927$576$346$201$115$46
42 years$895$549$324$186$104$40
43 years$864$523$304$172$95$35
44 years$835$499$286$158$86$31
45 years$807$475$268$146$78$28
46 years$781$454$252$135$71$24
47 years$756$433$237$125$64$22
48 years$732$413$222$115$58$19
49 years$708$395$209$107$53$17
50 years$686$377$196$99$48$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $703,000, adding $5,876 every year, while hoping to spend $21,633 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: 73/12/15 Blend
50$703,000$703,000$703,000$703,000
51$780,767$743,508$732,612$834,744
52$837,388$756,923$734,137$884,701
53$899,059$770,269$734,988$936,187
54$966,273$783,522$735,120$992,010
55$1,039,571$796,653$734,485$1,052,596
56$1,119,550$809,632$733,032$1,118,412
57$1,206,866$822,426$730,711$1,189,975
58$1,302,241$834,999$727,464$1,267,852
59$1,406,471$847,316$723,236$1,352,671
60$1,520,432$859,335$717,966$1,445,121
61$1,645,088$871,015$711,589$1,545,962
62$1,781,500$882,307$704,040$1,656,034
63$1,930,838$893,165$695,250$1,776,258
64$2,094,388$903,535$685,146$1,907,654
65$2,273,568$913,361$673,651$2,051,342
66$2,469,940$922,583$660,686$2,208,558
67$2,685,222$931,138$646,167$2,380,666
68$2,921,308$938,957$630,008$2,569,166
69$3,180,284$945,969$612,116$2,775,712
70$3,464,448$952,096$592,396$3,002,130
71$3,776,329$957,256$570,749$3,250,427
72$4,118,715$961,362$547,069$3,522,821
73$4,494,676$964,321$521,248$3,821,751
74$4,907,595$966,034$493,172$4,149,909
75$5,361,196$966,397$462,720$4,510,261
76$5,859,586$965,298$429,768$4,906,075
77$6,407,285$962,619$394,187$5,340,954
78$7,009,275$958,234$355,839$5,818,868
79$7,671,044$952,010$314,583$6,344,194
80$8,398,638$943,807$270,269$6,921,756
81$9,198,719$933,473$222,743$7,556,868
82$10,078,626$920,851$171,843$8,255,390
83$11,046,445$905,772$117,399$9,023,781
84$12,111,086$888,058$59,234$9,869,156
85$13,282,363$867,520$0$10,799,362
86$14,571,094$843,958$0$11,823,497
87$15,989,193$817,160$0$12,960,783
88$17,549,792$786,902$0$14,212,264
89$19,267,358$752,947$0$15,589,548
90$21,157,831$715,044$0$17,105,428
91$23,238,776$672,928$0$18,774,000
92$25,529,548$626,317$0$20,610,797
93$28,051,471$574,916$0$22,632,938
94$30,828,045$518,410$0$24,859,288
95$33,885,161$456,469$0$27,310,633
96$37,251,353$388,741$0$30,009,882
97$40,958,057$314,856$0$32,982,279
98$45,039,919$234,423$0$36,255,645
99$49,535,110$147,030$0$39,860,635
100$54,485,697$52,239$0$43,831,034