Can I retire at age 50 with 696,000?

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 $696,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$57,475$56,963$56,464$55,976$55,500$55,035
2 years$28,453$27,923$27,410$26,912$26,429$25,960
3 years$18,780$18,248$17,736$17,243$16,767$16,310
4 years$13,945$13,414$12,907$12,422$11,959$11,515
5 years$11,044$10,517$10,016$9,541$9,091$8,663
6 years$9,111$8,588$8,095$7,630$7,193$6,782
7 years$7,731$7,212$6,727$6,273$5,850$5,455
8 years$6,696$6,182$5,705$5,263$4,853$4,475
9 years$5,892$5,383$4,914$4,483$4,087$3,725
10 years$5,249$4,745$4,284$3,864$3,482$3,136
11 years$4,723$4,224$3,771$3,363$2,995$2,665
12 years$4,285$3,791$3,347$2,950$2,595$2,280
13 years$3,915$3,426$2,990$2,604$2,263$1,963
14 years$3,598$3,114$2,687$2,312$1,984$1,699
15 years$3,324$2,845$2,426$2,062$1,747$1,476
16 years$3,084$2,610$2,199$1,846$1,544$1,287
17 years$2,872$2,404$2,001$1,659$1,369$1,126
18 years$2,684$2,221$1,827$1,495$1,217$987
19 years$2,516$2,059$1,673$1,351$1,085$868
20 years$2,365$1,913$1,535$1,223$969$764
21 years$2,229$1,782$1,412$1,110$867$674
22 years$2,105$1,663$1,301$1,009$777$595
23 years$1,993$1,556$1,201$919$698$526
24 years$1,889$1,458$1,111$838$627$466
25 years$1,794$1,368$1,029$766$564$413
26 years$1,707$1,286$954$700$508$366
27 years$1,626$1,210$886$641$458$325
28 years$1,551$1,140$824$587$414$289
29 years$1,482$1,075$767$538$373$256
30 years$1,417$1,016$714$494$337$228
31 years$1,356$960$666$454$305$203
32 years$1,300$908$621$417$276$181
33 years$1,246$860$580$384$250$161
34 years$1,197$815$542$353$226$143
35 years$1,150$773$507$325$205$127
36 years$1,105$734$474$299$186$114
37 years$1,064$697$444$276$168$101
38 years$1,024$663$415$254$152$90
39 years$987$630$389$234$138$80
40 years$952$599$365$216$125$72
41 years$918$571$342$199$114$64
42 years$886$543$321$184$103$57
43 years$856$518$301$170$94$51
44 years$827$494$283$157$85$45
45 years$799$471$265$145$77$41
46 years$773$449$249$134$70$36
47 years$748$428$234$124$64$32
48 years$724$409$220$114$58$29
49 years$701$391$207$106$52$26
50 years$680$373$194$98$48$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $696,000, adding $5,080 every year, while hoping to spend $55,674 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: 60/30/10 Blend
49$696,000$696,000$696,000$696,000
50$772,232$735,344$724,556$816,480
51$791,763$712,139$689,592$823,588
52$811,420$685,931$651,591$824,558
53$831,158$656,515$610,392$824,245
54$850,923$623,671$565,827$822,530
55$870,656$587,170$517,721$819,282
56$890,290$546,769$465,892$814,360
57$909,748$502,208$410,147$807,614
58$928,943$453,217$350,288$798,879
59$947,777$399,506$286,104$787,980
60$966,140$340,773$217,379$774,725
61$983,911$276,694$143,885$758,910
62$1,000,949$206,932$65,385$740,310
63$1,017,101$131,126$0$718,685
64$1,032,192$48,899$0$695,738
65$1,046,031$0$0$676,797
66$1,058,400$0$0$667,857
67$1,069,060$0$0$673,899
68$1,077,743$0$0$678,601
69$1,084,150$0$0$681,766
70$1,087,949$0$0$683,173
71$1,088,772$0$0$682,578
72$1,086,209$0$0$679,708
73$1,079,806$0$0$674,262
74$1,069,059$0$0$665,905
75$1,053,407$0$0$654,266
76$1,032,230$0$0$638,933
77$1,004,842$0$0$619,451
78$970,481$0$0$595,316
79$928,305$0$0$565,968
80$877,379$0$0$530,790
81$816,673$0$0$489,096
82$745,043$0$0$440,132
83$661,226$0$0$383,059
84$563,826$0$0$316,952
85$451,299$0$0$240,790
86$321,938$0$0$153,442
87$173,857$0$0$53,659
88$4,973$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0