Can I retire at age 50 with 695,000?

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 $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%16.3%
1 years$57,392$56,881$56,382$55,896$55,420$53,993
2 years$28,412$27,883$27,370$26,873$26,391$24,962
3 years$18,753$18,222$17,710$17,218$16,743$15,358
4 years$13,925$13,395$12,889$12,404$11,941$10,611
5 years$11,028$10,502$10,002$9,528$9,078$7,805
6 years$9,098$8,576$8,083$7,619$7,183$5,969
7 years$7,720$7,202$6,717$6,264$5,842$4,687
8 years$6,687$6,173$5,697$5,255$4,846$3,750
9 years$5,884$5,375$4,907$4,476$4,081$3,043
10 years$5,241$4,738$4,278$3,858$3,477$2,495
11 years$4,716$4,218$3,766$3,358$2,991$2,064
12 years$4,279$3,786$3,342$2,945$2,592$1,718
13 years$3,909$3,421$2,986$2,600$2,260$1,438
14 years$3,593$3,110$2,683$2,308$1,981$1,209
15 years$3,319$2,841$2,422$2,059$1,744$1,020
16 years$3,079$2,606$2,196$1,843$1,542$863
17 years$2,868$2,400$1,998$1,656$1,367$732
18 years$2,680$2,218$1,824$1,493$1,215$622
19 years$2,513$2,056$1,670$1,349$1,083$530
20 years$2,362$1,910$1,533$1,221$968$451
21 years$2,226$1,779$1,410$1,109$866$385
22 years$2,102$1,661$1,299$1,008$776$329
23 years$1,990$1,553$1,200$918$697$282
24 years$1,887$1,455$1,110$837$626$241
25 years$1,792$1,366$1,028$765$564$207
26 years$1,705$1,284$953$699$508$177
27 years$1,624$1,208$885$640$458$152
28 years$1,549$1,138$823$586$413$130
29 years$1,479$1,074$766$538$373$112
30 years$1,415$1,014$713$493$337$96
31 years$1,354$959$665$453$305$82
32 years$1,298$907$620$416$276$71
33 years$1,245$859$579$383$249$61
34 years$1,195$814$541$352$226$52
35 years$1,148$772$506$324$204$45
36 years$1,104$733$473$299$185$39
37 years$1,062$696$443$275$168$33
38 years$1,023$662$415$254$152$28
39 years$985$629$389$234$138$24
40 years$950$599$364$216$125$21
41 years$917$570$342$199$114$18
42 years$885$543$320$184$103$16
43 years$855$517$301$170$94$13
44 years$826$493$282$157$85$11
45 years$798$470$265$145$77$10
46 years$772$448$249$134$70$8
47 years$747$428$234$123$64$7
48 years$723$408$220$114$58$6
49 years$700$390$207$105$52$5
50 years$679$373$194$97$48$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $695,000, adding $4,024 every year, while hoping to spend $20,139 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: 43/40/17 Blend
49$695,000$695,000$695,000$695,000
50$770,041$733,206$722,433$799,186
51$827,157$747,705$725,207$834,591
52$889,424$762,240$727,399$870,627
53$957,347$776,791$728,968$909,242
54$1,031,479$791,336$729,871$950,682
55$1,112,432$805,854$730,064$995,219
56$1,200,878$820,319$729,499$1,043,154
57$1,297,557$834,704$728,127$1,094,816
58$1,403,285$848,981$725,896$1,150,571
59$1,518,958$863,120$722,751$1,210,822
60$1,645,565$877,086$718,637$1,276,012
61$1,784,193$890,844$713,492$1,346,633
62$1,936,042$904,355$707,254$1,423,225
63$2,102,429$917,580$699,858$1,506,385
64$2,284,808$930,473$691,235$1,596,770
65$2,484,780$942,987$681,313$1,695,106
66$2,704,107$955,073$670,016$1,802,195
67$2,944,731$966,677$657,267$1,918,920
68$3,208,790$977,740$642,981$2,046,256
69$3,498,639$988,202$627,074$2,185,278
70$3,816,873$997,996$609,454$2,337,172
71$4,166,350$1,007,054$590,026$2,503,247
72$4,550,219$1,015,301$568,693$2,684,946
73$4,971,948$1,022,657$545,351$2,883,861
74$5,435,357$1,029,039$519,892$3,101,749
75$5,944,657$1,034,355$492,202$3,340,547
76$6,504,485$1,038,511$462,163$3,602,392
77$7,119,950$1,041,406$429,653$3,889,640
78$7,796,680$1,042,930$394,541$4,204,891
79$8,540,878$1,042,970$356,695$4,551,011
80$9,359,374$1,041,403$315,971$4,931,163
81$10,259,699$1,038,100$272,225$5,348,833
82$11,250,145$1,032,923$225,301$5,807,868
83$12,339,851$1,025,728$175,040$6,312,509
84$13,538,887$1,016,359$121,274$6,867,432
85$14,858,345$1,004,653$63,829$7,477,796
86$16,310,451$990,436$2,522$8,149,288
87$17,908,674$973,523$0$8,888,180
88$19,667,853$953,720$0$9,712,798
89$21,604,342$930,821$0$10,620,588
90$23,736,160$904,606$0$11,619,537
91$26,083,161$874,844$0$12,718,958
92$28,667,222$841,290$0$13,929,113
93$31,512,450$803,685$0$15,261,317
94$34,645,408$761,754$0$16,728,042
95$38,095,366$715,206$0$18,343,035
96$41,894,579$663,736$0$20,121,451
97$46,078,585$607,019$0$22,079,996
98$50,686,550$544,712$0$24,237,082
99$55,761,627$476,452$0$26,613,007
100$61,351,371$401,856$0$29,230,144