Can I retire at age 50 with 694,000?

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 $694,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$57,310$56,799$56,301$55,815$55,341$54,135
2 years$28,371$27,843$27,331$26,834$26,353$25,144
3 years$18,726$18,196$17,685$17,193$16,719$15,545
4 years$13,905$13,376$12,870$12,387$11,924$10,794
5 years$11,013$10,487$9,988$9,514$9,065$7,981
6 years$9,085$8,563$8,072$7,608$7,173$6,138
7 years$7,709$7,191$6,707$6,255$5,833$4,847
8 years$6,677$6,164$5,688$5,247$4,839$3,901
9 years$5,875$5,367$4,899$4,470$4,075$3,184
10 years$5,234$4,731$4,271$3,853$3,472$2,627
11 years$4,710$4,212$3,761$3,353$2,986$2,187
12 years$4,273$3,780$3,337$2,941$2,588$1,832
13 years$3,904$3,416$2,982$2,597$2,257$1,544
14 years$3,588$3,105$2,679$2,305$1,978$1,307
15 years$3,314$2,837$2,419$2,056$1,742$1,110
16 years$3,075$2,603$2,193$1,841$1,539$946
17 years$2,864$2,397$1,996$1,654$1,365$808
18 years$2,676$2,215$1,822$1,490$1,214$692
19 years$2,509$2,053$1,668$1,347$1,082$594
20 years$2,359$1,907$1,531$1,220$966$510
21 years$2,223$1,777$1,408$1,107$865$439
22 years$2,099$1,658$1,297$1,006$775$378
23 years$1,987$1,551$1,198$917$696$326
24 years$1,884$1,453$1,108$836$625$281
25 years$1,789$1,364$1,026$763$563$243
26 years$1,702$1,282$952$698$507$210
27 years$1,621$1,206$884$639$457$181
28 years$1,547$1,137$822$585$412$157
29 years$1,477$1,072$765$537$372$136
30 years$1,413$1,013$712$493$336$117
31 years$1,352$957$664$453$304$102
32 years$1,296$906$619$416$275$88
33 years$1,243$858$578$382$249$76
34 years$1,193$813$540$352$225$66
35 years$1,146$771$505$324$204$57
36 years$1,102$732$473$298$185$50
37 years$1,061$695$442$275$168$43
38 years$1,021$661$414$253$152$37
39 years$984$628$388$234$138$32
40 years$949$598$364$215$125$28
41 years$915$569$341$199$113$24
42 years$884$542$320$183$103$21
43 years$853$516$300$169$93$18
44 years$825$492$282$156$85$16
45 years$797$469$265$144$77$14
46 years$771$448$249$133$70$12
47 years$746$427$234$123$63$10
48 years$722$408$219$114$58$9
49 years$699$389$206$105$52$8
50 years$678$372$194$97$48$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $694,000, adding $6,775 every year, while hoping to spend $22,049 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: 31/42/27 Blend
49$694,000$694,000$694,000$694,000
50$771,776$734,994$724,237$789,145
51$827,038$747,549$725,039$815,643
52$887,197$759,980$725,129$841,742
53$952,729$772,258$724,460$869,398
54$1,024,160$784,351$722,982$898,764
55$1,102,066$796,226$720,643$930,007
56$1,187,082$807,846$717,390$963,313
57$1,279,906$819,172$713,164$998,888
58$1,381,308$830,163$707,907$1,036,959
59$1,492,135$840,775$701,555$1,077,779
60$1,613,319$850,959$694,044$1,121,627
61$1,745,888$860,666$685,304$1,168,812
62$1,890,970$869,840$675,264$1,219,677
63$2,049,811$878,425$663,847$1,274,601
64$2,223,782$886,358$650,976$1,334,002
65$2,414,393$893,574$636,569$1,398,345
66$2,623,304$900,003$620,537$1,468,142
67$2,852,348$905,570$602,792$1,543,961
68$3,103,541$910,196$583,238$1,626,430
69$3,379,103$913,796$561,778$1,716,242
70$3,681,481$916,282$538,307$1,814,165
71$4,013,369$917,557$512,718$1,921,047
72$4,377,736$917,520$484,897$2,037,827
73$4,777,851$916,065$454,727$2,165,541
74$5,217,315$913,076$422,084$2,305,335
75$5,700,097$908,432$386,839$2,458,474
76$6,230,567$902,005$348,859$2,626,359
77$6,813,540$893,659$308,001$2,810,534
78$7,454,322$883,249$264,119$3,012,708
79$8,158,756$870,621$217,060$3,234,766
80$8,933,281$855,613$166,664$3,478,792
81$9,784,991$838,054$112,762$3,747,087
82$10,721,702$817,760$55,182$4,042,193
83$11,752,024$794,539$0$4,366,914
84$12,885,446$768,187$0$4,726,155
85$14,132,420$738,487$0$5,138,613
86$15,504,464$705,210$0$5,592,208
87$17,014,269$668,115$0$6,091,167
88$18,675,817$626,945$0$6,640,155
89$20,504,515$581,429$0$7,244,314
90$22,517,338$531,282$0$7,909,318
91$24,732,992$476,201$0$8,641,423
92$27,172,088$415,866$0$9,447,528
93$29,857,337$349,938$0$10,335,242
94$32,813,761$278,062$0$11,312,956
95$36,068,937$199,859$0$12,389,924
96$39,653,249$114,932$0$13,576,350
97$43,600,176$22,860$0$14,883,484
98$47,946,613$0$0$16,323,734
99$52,733,211$0$0$17,946,277
100$58,004,768$0$0$19,744,990