Can I retire at age 50 with 694,000?

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 $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%14.1%
1 years$57,310$56,799$56,301$55,815$55,341$54,401
2 years$28,371$27,843$27,331$26,834$26,353$25,409
3 years$18,726$18,196$17,685$17,193$16,719$15,801
4 years$13,905$13,376$12,870$12,387$11,924$11,039
5 years$11,013$10,487$9,988$9,514$9,065$8,214
6 years$9,085$8,563$8,072$7,608$7,173$6,357
7 years$7,709$7,191$6,707$6,255$5,833$5,054
8 years$6,677$6,164$5,688$5,247$4,839$4,096
9 years$5,875$5,367$4,899$4,470$4,075$3,368
10 years$5,234$4,731$4,271$3,853$3,472$2,800
11 years$4,710$4,212$3,761$3,353$2,986$2,348
12 years$4,273$3,780$3,337$2,941$2,588$1,983
13 years$3,904$3,416$2,982$2,597$2,257$1,684
14 years$3,588$3,105$2,679$2,305$1,978$1,437
15 years$3,314$2,837$2,419$2,056$1,742$1,231
16 years$3,075$2,603$2,193$1,841$1,539$1,058
17 years$2,864$2,397$1,996$1,654$1,365$911
18 years$2,676$2,215$1,822$1,490$1,214$787
19 years$2,509$2,053$1,668$1,347$1,082$681
20 years$2,359$1,907$1,531$1,220$966$591
21 years$2,223$1,777$1,408$1,107$865$513
22 years$2,099$1,658$1,297$1,006$775$446
23 years$1,987$1,551$1,198$917$696$388
24 years$1,884$1,453$1,108$836$625$338
25 years$1,789$1,364$1,026$763$563$294
26 years$1,702$1,282$952$698$507$257
27 years$1,621$1,206$884$639$457$224
28 years$1,547$1,137$822$585$412$196
29 years$1,477$1,072$765$537$372$171
30 years$1,413$1,013$712$493$336$150
31 years$1,352$957$664$453$304$131
32 years$1,296$906$619$416$275$114
33 years$1,243$858$578$382$249$100
34 years$1,193$813$540$352$225$88
35 years$1,146$771$505$324$204$77
36 years$1,102$732$473$298$185$67
37 years$1,061$695$442$275$168$59
38 years$1,021$661$414$253$152$51
39 years$984$628$388$234$138$45
40 years$949$598$364$215$125$39
41 years$915$569$341$199$113$35
42 years$884$542$320$183$103$30
43 years$853$516$300$169$93$26
44 years$825$492$282$156$85$23
45 years$797$469$265$144$77$20
46 years$771$448$249$133$70$18
47 years$746$427$234$123$63$16
48 years$722$408$219$114$58$14
49 years$699$389$206$105$52$12
50 years$678$372$194$97$48$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $694,000, adding $4,491 every year, while hoping to spend $29,374 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: 75/6/19 Blend
49$694,000$694,000$694,000$694,000
50$769,420$732,638$721,881$823,393
51$816,648$737,284$714,811$864,409
52$867,708$741,173$706,519$905,311
53$922,960$744,237$696,933$949,375
54$982,801$746,403$685,979$996,909
55$1,047,665$747,595$673,578$1,048,252
56$1,118,030$747,731$659,647$1,103,777
57$1,194,424$746,724$644,099$1,163,899
58$1,277,423$744,482$626,845$1,229,070
59$1,367,665$740,906$607,789$1,299,793
60$1,465,851$735,894$586,834$1,376,621
61$1,572,749$729,335$563,874$1,460,164
62$1,689,209$721,112$538,804$1,551,092
63$1,816,163$711,101$511,508$1,650,149
64$1,954,638$699,171$481,870$1,758,150
65$2,105,764$685,184$449,766$1,875,998
66$2,270,785$668,991$415,066$2,004,685
67$2,451,071$650,437$377,636$2,145,308
68$2,648,129$629,357$337,335$2,299,074
69$2,863,618$605,576$294,017$2,467,317
70$3,099,367$578,909$247,526$2,651,503
71$3,357,388$549,161$197,704$2,853,254
72$3,639,896$516,124$144,381$3,074,354
73$3,949,332$479,581$87,385$3,316,773
74$4,288,382$439,299$26,531$3,582,680
75$4,660,007$395,034$0$3,874,470
76$5,067,465$346,528$0$4,202,567
77$5,514,346$293,507$0$4,568,341
78$6,004,603$235,683$0$4,969,655
79$6,542,593$172,752$0$5,410,091
80$7,133,111$104,390$0$5,893,593
81$7,781,442$30,259$0$6,424,505
82$8,493,407$0$0$7,007,616
83$9,275,417$0$0$7,651,503
84$10,134,536$0$0$8,361,104
85$11,078,546$0$0$9,140,853
86$12,116,018$0$0$9,997,834
87$13,256,398$0$0$10,939,852
88$14,510,090$0$0$11,975,506
89$15,888,557$0$0$13,114,271
90$17,404,428$0$0$14,366,584
91$19,071,618$0$0$15,743,944
92$20,905,458$0$0$17,259,022
93$22,922,838$0$0$18,925,777
94$25,142,369$0$0$20,759,591
95$27,584,557$0$0$22,777,411
96$30,271,994$0$0$24,997,909
97$33,229,575$0$0$27,441,660
98$36,484,729$0$0$30,131,334
99$40,067,679$0$0$33,091,908
100$44,011,728$0$0$36,350,908