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%11.7%
1 years$57,392$56,881$56,382$55,896$55,420$55,025
2 years$28,412$27,883$27,370$26,873$26,391$25,992
3 years$18,753$18,222$17,710$17,218$16,743$16,354
4 years$13,925$13,395$12,889$12,404$11,941$11,564
5 years$11,028$10,502$10,002$9,528$9,078$8,713
6 years$9,098$8,576$8,083$7,619$7,183$6,832
7 years$7,720$7,202$6,717$6,264$5,842$5,505
8 years$6,687$6,173$5,697$5,255$4,846$4,523
9 years$5,884$5,375$4,907$4,476$4,081$3,772
10 years$5,241$4,738$4,278$3,858$3,477$3,181
11 years$4,716$4,218$3,766$3,358$2,991$2,708
12 years$4,279$3,786$3,342$2,945$2,592$2,322
13 years$3,909$3,421$2,986$2,600$2,260$2,003
14 years$3,593$3,110$2,683$2,308$1,981$1,737
15 years$3,319$2,841$2,422$2,059$1,744$1,512
16 years$3,079$2,606$2,196$1,843$1,542$1,321
17 years$2,868$2,400$1,998$1,656$1,367$1,158
18 years$2,680$2,218$1,824$1,493$1,215$1,017
19 years$2,513$2,056$1,670$1,349$1,083$896
20 years$2,362$1,910$1,533$1,221$968$791
21 years$2,226$1,779$1,410$1,109$866$699
22 years$2,102$1,661$1,299$1,008$776$619
23 years$1,990$1,553$1,200$918$697$548
24 years$1,887$1,455$1,110$837$626$487
25 years$1,792$1,366$1,028$765$564$432
26 years$1,705$1,284$953$699$508$384
27 years$1,624$1,208$885$640$458$342
28 years$1,549$1,138$823$586$413$304
29 years$1,479$1,074$766$538$373$271
30 years$1,415$1,014$713$493$337$242
31 years$1,354$959$665$453$305$215
32 years$1,298$907$620$416$276$192
33 years$1,245$859$579$383$249$172
34 years$1,195$814$541$352$226$153
35 years$1,148$772$506$324$204$137
36 years$1,104$733$473$299$185$122
37 years$1,062$696$443$275$168$109
38 years$1,023$662$415$254$152$98
39 years$985$629$389$234$138$87
40 years$950$599$364$216$125$78
41 years$917$570$342$199$114$70
42 years$885$543$320$184$103$62
43 years$855$517$301$170$94$56
44 years$826$493$282$157$85$50
45 years$798$470$265$145$77$45
46 years$772$448$249$134$70$40
47 years$747$428$234$123$64$36
48 years$723$408$220$114$58$32
49 years$700$390$207$105$52$29
50 years$679$373$194$97$48$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $695,000, adding $2,044 every year, while hoping to spend $36,731 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: 82/9/9 Blend
49$695,000$695,000$695,000$695,000
50$767,998$731,163$720,391$829,838
51$807,253$727,909$705,442$867,363
52$849,280$723,264$688,762$903,463
53$894,324$717,121$670,253$941,981
54$942,653$709,368$649,815$983,139
55$994,560$699,884$627,340$1,027,181
56$1,050,368$688,541$602,719$1,074,378
57$1,110,431$675,205$575,835$1,125,024
58$1,175,138$659,733$546,568$1,179,448
59$1,244,915$641,972$514,791$1,238,008
60$1,320,231$621,764$480,372$1,301,101
61$1,401,603$598,939$443,172$1,369,165
62$1,489,595$573,316$403,048$1,442,680
63$1,584,832$544,706$359,847$1,522,178
64$1,687,996$512,908$313,414$1,608,243
65$1,799,840$477,709$263,582$1,701,519
66$1,921,193$438,885$210,181$1,802,719
67$2,052,963$396,199$153,030$1,912,624
68$2,196,151$349,399$91,943$2,032,098
69$2,351,859$298,220$26,723$2,162,094
70$2,521,298$242,382$0$2,303,660
71$2,705,800$181,589$0$2,462,071
72$2,906,832$115,527$0$2,637,491
73$3,126,009$43,868$0$2,828,777
74$3,365,105$0$0$3,037,503
75$3,626,078$0$0$3,268,742
76$3,911,078$0$0$3,526,029
77$4,222,475$0$0$3,807,163
78$4,562,877$0$0$4,114,498
79$4,935,156$0$0$4,450,630
80$5,342,474$0$0$4,818,416
81$5,788,313$0$0$5,221,002
82$6,276,505$0$0$5,661,851
83$6,811,273$0$0$6,144,779
84$7,397,266$0$0$6,673,986
85$8,039,605$0$0$7,254,098
86$8,743,928$0$0$7,890,213
87$9,516,447$0$0$8,587,941
88$10,364,004$0$0$9,353,465
89$11,294,133$0$0$10,193,593
90$12,315,134$0$0$11,115,825
91$13,436,152$0$0$12,128,423
92$14,667,256$0$0$13,240,488
93$16,019,543$0$0$14,462,045
94$17,505,234$0$0$15,804,139
95$19,137,793$0$0$17,278,935
96$20,932,056$0$0$18,899,838
97$22,904,362$0$0$20,681,614
98$25,072,717$0$0$22,640,532
99$27,456,956$0$0$24,794,516
100$30,078,931$0$0$27,163,312