Can I retire at age 50 with 696,000?

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 $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%14.9%
1 years$57,475$56,963$56,464$55,976$55,500$54,379
2 years$28,453$27,923$27,410$26,912$26,429$25,305
3 years$18,780$18,248$17,736$17,243$16,767$15,675
4 years$13,945$13,414$12,907$12,422$11,959$10,906
5 years$11,044$10,517$10,016$9,541$9,091$8,081
6 years$9,111$8,588$8,095$7,630$7,193$6,228
7 years$7,731$7,212$6,727$6,273$5,850$4,929
8 years$6,696$6,182$5,705$5,263$4,853$3,976
9 years$5,892$5,383$4,914$4,483$4,087$3,253
10 years$5,249$4,745$4,284$3,864$3,482$2,691
11 years$4,723$4,224$3,771$3,363$2,995$2,246
12 years$4,285$3,791$3,347$2,950$2,595$1,887
13 years$3,915$3,426$2,990$2,604$2,263$1,594
14 years$3,598$3,114$2,687$2,312$1,984$1,353
15 years$3,324$2,845$2,426$2,062$1,747$1,152
16 years$3,084$2,610$2,199$1,846$1,544$985
17 years$2,872$2,404$2,001$1,659$1,369$844
18 years$2,684$2,221$1,827$1,495$1,217$725
19 years$2,516$2,059$1,673$1,351$1,085$623
20 years$2,365$1,913$1,535$1,223$969$537
21 years$2,229$1,782$1,412$1,110$867$464
22 years$2,105$1,663$1,301$1,009$777$400
23 years$1,993$1,556$1,201$919$698$346
24 years$1,889$1,458$1,111$838$627$300
25 years$1,794$1,368$1,029$766$564$260
26 years$1,707$1,286$954$700$508$225
27 years$1,626$1,210$886$641$458$195
28 years$1,551$1,140$824$587$414$169
29 years$1,482$1,075$767$538$373$147
30 years$1,417$1,016$714$494$337$128
31 years$1,356$960$666$454$305$111
32 years$1,300$908$621$417$276$96
33 years$1,246$860$580$384$250$84
34 years$1,197$815$542$353$226$73
35 years$1,150$773$507$325$205$63
36 years$1,105$734$474$299$186$55
37 years$1,064$697$444$276$168$48
38 years$1,024$663$415$254$152$42
39 years$987$630$389$234$138$36
40 years$952$599$365$216$125$31
41 years$918$571$342$199$114$27
42 years$886$543$321$184$103$24
43 years$856$518$301$170$94$21
44 years$827$494$283$157$85$18
45 years$799$471$265$145$77$16
46 years$773$449$249$134$70$14
47 years$748$428$234$124$64$12
48 years$724$409$220$114$58$10
49 years$701$391$207$106$52$9
50 years$680$373$194$98$48$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $696,000, adding $6,693 every year, while hoping to spend $40,650 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: 67/23/10 Blend
49$696,000$696,000$696,000$696,000
50$773,896$737,008$726,220$823,698
51$809,582$729,870$707,297$850,530
52$847,546$721,020$686,378$874,376
53$887,976$710,331$663,352$899,385
54$931,081$697,668$638,106$925,667
55$977,088$682,890$610,519$953,343
56$1,026,244$665,846$580,465$982,547
57$1,078,824$646,375$547,813$1,013,428
58$1,135,126$624,309$512,427$1,046,153
59$1,195,477$599,469$474,162$1,080,906
60$1,260,239$571,666$432,869$1,117,891
61$1,329,805$540,699$388,392$1,157,336
62$1,404,609$506,358$340,567$1,199,493
63$1,485,127$468,417$289,224$1,244,641
64$1,571,881$426,640$234,184$1,293,091
65$1,665,445$380,778$175,261$1,345,187
66$1,766,449$330,565$112,261$1,401,311
67$1,875,587$275,722$44,981$1,461,886
68$1,993,618$215,954$0$1,527,381
69$2,121,380$150,949$0$1,601,178
70$2,259,793$80,377$0$1,686,299
71$2,409,869$3,892$0$1,778,602
72$2,572,718$0$0$1,878,820
73$2,749,566$0$0$2,007,724
74$2,941,756$0$0$2,148,920
75$3,150,769$0$0$2,302,516
76$3,378,233$0$0$2,469,711
77$3,625,941$0$0$2,651,830
78$3,895,863$0$0$2,850,326
79$4,190,170$0$0$3,066,801
80$4,511,250$0$0$3,303,017
81$4,861,730$0$0$3,560,914
82$5,244,505$0$0$3,842,628
83$5,662,760$0$0$4,150,510
84$6,120,001$0$0$4,487,148
85$6,620,089$0$0$4,855,391
86$7,167,276$0$0$5,258,377
87$7,766,241$0$0$5,699,562
88$8,422,140$0$0$6,182,750
89$9,140,649$0$0$6,712,130
90$9,928,018$0$0$7,292,318
91$10,791,132$0$0$7,928,395
92$11,737,573$0$0$8,625,958
93$12,775,692$0$0$9,391,171
94$13,914,687$0$0$10,230,825
95$15,164,690$0$0$11,152,399
96$16,536,860$0$0$12,164,132
97$18,043,491$0$0$13,275,098
98$19,698,124$0$0$14,495,295
99$21,515,676$0$0$15,835,736
100$23,512,582$0$0$17,308,552