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%11.4%
1 years$58,053$57,536$57,031$56,539$56,058$55,728
2 years$28,739$28,204$27,685$27,182$26,694$26,362
3 years$18,969$18,432$17,914$17,416$16,936$16,611
4 years$14,085$13,549$13,037$12,547$12,079$11,763
5 years$11,155$10,623$10,117$9,637$9,182$8,877
6 years$9,203$8,674$8,176$7,707$7,266$6,972
7 years$7,809$7,285$6,794$6,336$5,909$5,627
8 years$6,764$6,244$5,762$5,316$4,902$4,631
9 years$5,951$5,437$4,963$4,528$4,128$3,869
10 years$5,302$4,792$4,327$3,903$3,517$3,269
11 years$4,771$4,266$3,809$3,397$3,025$2,788
12 years$4,328$3,829$3,381$2,979$2,621$2,395
13 years$3,954$3,460$3,020$2,630$2,286$2,070
14 years$3,634$3,145$2,714$2,335$2,004$1,798
15 years$3,357$2,873$2,450$2,082$1,764$1,569
16 years$3,115$2,636$2,221$1,864$1,559$1,373
17 years$2,901$2,428$2,021$1,675$1,383$1,206
18 years$2,711$2,244$1,845$1,510$1,229$1,062
19 years$2,542$2,079$1,689$1,364$1,096$937
20 years$2,389$1,932$1,550$1,236$979$829
21 years$2,252$1,800$1,426$1,121$876$734
22 years$2,127$1,680$1,314$1,020$785$651
23 years$2,013$1,571$1,214$928$705$579
24 years$1,908$1,472$1,122$847$633$515
25 years$1,812$1,382$1,039$773$570$458
26 years$1,724$1,298$964$707$513$408
27 years$1,643$1,222$895$647$463$364
28 years$1,567$1,151$832$593$418$325
29 years$1,497$1,086$774$544$377$290
30 years$1,431$1,026$721$499$341$259
31 years$1,370$970$673$458$308$232
32 years$1,313$918$627$421$279$207
33 years$1,259$869$586$387$252$185
34 years$1,209$824$547$356$228$166
35 years$1,161$781$512$328$207$149
36 years$1,117$741$479$302$187$133
37 years$1,074$704$448$278$170$119
38 years$1,035$669$420$257$154$107
39 years$997$636$393$237$140$96
40 years$961$605$369$218$127$86
41 years$927$576$346$201$115$77
42 years$895$549$324$186$104$69
43 years$864$523$304$172$95$62
44 years$835$499$286$158$86$55
45 years$807$475$268$146$78$50
46 years$781$454$252$135$71$45
47 years$756$433$237$125$64$40
48 years$732$413$222$115$58$36
49 years$708$395$209$107$53$32
50 years$686$377$196$99$48$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $703,000, adding $3,100 every year, while hoping to spend $54,199 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: 26/50/24 Blend
50$703,000$703,000$703,000$703,000
51$777,904$740,645$729,748$792,171
52$799,583$719,269$696,527$782,525
53$821,656$695,029$660,377$767,277
54$844,107$667,728$621,142$749,769
55$866,916$637,156$578,660$729,846
56$890,057$603,093$532,761$707,343
57$913,503$565,304$483,268$682,086
58$937,219$523,543$429,996$653,889
59$961,165$477,546$372,751$622,555
60$985,297$427,040$311,332$587,877
61$1,009,563$371,730$245,527$549,635
62$1,033,902$311,308$175,116$507,595
63$1,058,247$245,449$99,869$461,509
64$1,082,520$173,808$19,546$411,116
65$1,106,633$96,021$0$356,137
66$1,130,488$11,704$0$313,222
67$1,153,971$0$0$271,559
68$1,176,957$0$0$269,642
69$1,199,304$0$0$273,916
70$1,220,852$0$0$277,894
71$1,241,424$0$0$281,523
72$1,260,820$0$0$284,744
73$1,278,816$0$0$287,490
74$1,295,164$0$0$289,689
75$1,309,586$0$0$291,256
76$1,321,771$0$0$292,103
77$1,331,376$0$0$292,127
78$1,338,016$0$0$291,215
79$1,341,264$0$0$289,243
80$1,340,647$0$0$286,072
81$1,335,638$0$0$281,548
82$1,325,654$0$0$275,501
83$1,310,044$0$0$267,743
84$1,288,092$0$0$258,063
85$1,259,000$0$0$246,231
86$1,221,885$0$0$231,990
87$1,175,771$0$0$215,057
88$1,119,574$0$0$195,118
89$1,052,097$0$0$171,826
90$972,015$0$0$144,798
91$877,861$0$0$113,610
92$768,015$0$0$77,792
93$640,684$0$0$36,828
94$493,886$0$0$0
95$325,432$0$0$0
96$132,903$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0