Can I retire at age 50 with 695,000?

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 $695,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$57,392$56,881$56,382$55,896$55,420$54,887
2 years$28,412$27,883$27,370$26,873$26,391$25,854
3 years$18,753$18,222$17,710$17,218$16,743$16,219
4 years$13,925$13,395$12,889$12,404$11,941$11,434
5 years$11,028$10,502$10,002$9,528$9,078$8,588
6 years$9,098$8,576$8,083$7,619$7,183$6,712
7 years$7,720$7,202$6,717$6,264$5,842$5,390
8 years$6,687$6,173$5,697$5,255$4,846$4,414
9 years$5,884$5,375$4,907$4,476$4,081$3,668
10 years$5,241$4,738$4,278$3,858$3,477$3,083
11 years$4,716$4,218$3,766$3,358$2,991$2,614
12 years$4,279$3,786$3,342$2,945$2,592$2,233
13 years$3,909$3,421$2,986$2,600$2,260$1,919
14 years$3,593$3,110$2,683$2,308$1,981$1,657
15 years$3,319$2,841$2,422$2,059$1,744$1,437
16 years$3,079$2,606$2,196$1,843$1,542$1,251
17 years$2,868$2,400$1,998$1,656$1,367$1,091
18 years$2,680$2,218$1,824$1,493$1,215$955
19 years$2,513$2,056$1,670$1,349$1,083$837
20 years$2,362$1,910$1,533$1,221$968$736
21 years$2,226$1,779$1,410$1,109$866$647
22 years$2,102$1,661$1,299$1,008$776$570
23 years$1,990$1,553$1,200$918$697$503
24 years$1,887$1,455$1,110$837$626$445
25 years$1,792$1,366$1,028$765$564$393
26 years$1,705$1,284$953$699$508$348
27 years$1,624$1,208$885$640$458$308
28 years$1,549$1,138$823$586$413$273
29 years$1,479$1,074$766$538$373$242
30 years$1,415$1,014$713$493$337$215
31 years$1,354$959$665$453$305$190
32 years$1,298$907$620$416$276$169
33 years$1,245$859$579$383$249$150
34 years$1,195$814$541$352$226$133
35 years$1,148$772$506$324$204$118
36 years$1,104$733$473$299$185$105
37 years$1,062$696$443$275$168$94
38 years$1,023$662$415$254$152$83
39 years$985$629$389$234$138$74
40 years$950$599$364$216$125$66
41 years$917$570$342$199$114$59
42 years$885$543$320$184$103$52
43 years$855$517$301$170$94$46
44 years$826$493$282$157$85$41
45 years$798$470$265$145$77$37
46 years$772$448$249$134$70$33
47 years$747$428$234$123$64$29
48 years$723$408$220$114$58$26
49 years$700$390$207$105$52$23
50 years$679$373$194$97$48$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $695,000, adding $5,441 every year, while hoping to spend $40,556 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: 43/35/22 Blend
49$695,000$695,000$695,000$695,000
50$771,502$734,667$723,895$799,525
51$807,044$727,515$704,994$812,778
52$844,852$718,653$684,101$822,783
53$885,115$707,954$661,106$832,801
54$928,038$695,285$635,894$842,855
55$973,847$680,503$608,346$852,974
56$1,022,790$663,458$578,336$863,190
57$1,075,137$643,991$545,733$873,543
58$1,131,187$621,932$510,401$884,083
59$1,191,266$597,104$472,197$894,865
60$1,255,730$569,318$430,971$905,956
61$1,324,973$538,372$386,566$917,432
62$1,399,424$504,057$338,821$929,384
63$1,479,558$466,149$287,564$941,915
64$1,565,894$424,411$232,618$955,143
65$1,659,002$378,593$173,797$969,206
66$1,759,508$328,433$110,908$984,260
67$1,868,101$273,649$43,747$1,000,482
68$1,985,539$213,949$0$1,018,075
69$2,112,652$149,021$0$1,043,825
70$2,250,355$78,536$0$1,082,820
71$2,399,654$2,146$0$1,125,131
72$2,561,653$0$0$1,171,146
73$2,737,570$0$0$1,252,307
74$2,928,740$0$0$1,341,480
75$3,136,636$0$0$1,438,534
76$3,362,876$0$0$1,544,235
77$3,609,242$0$0$1,659,425
78$3,877,692$0$0$1,785,031
79$4,170,383$0$0$1,922,073
80$4,489,690$0$0$2,071,676
81$4,838,225$0$0$2,235,075
82$5,218,865$0$0$2,413,631
83$5,634,774$0$0$2,608,843
84$6,089,439$0$0$2,822,361
85$6,586,697$0$0$3,056,002
86$7,130,773$0$0$3,311,765
87$7,726,321$0$0$3,591,854
88$8,378,463$0$0$3,898,694
89$9,092,842$0$0$4,234,956
90$9,875,670$0$0$4,603,583
91$10,733,790$0$0$5,007,815
92$11,674,739$0$0$5,451,220
93$12,706,817$0$0$5,937,730
94$13,839,167$0$0$6,471,674
95$15,081,858$0$0$7,057,822
96$16,445,983$0$0$7,701,427
97$17,943,761$0$0$8,408,276
98$19,588,651$0$0$9,184,746
99$21,395,480$0$0$10,037,858
100$23,380,583$0$0$10,975,350