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%18%
1 years$57,475$56,963$56,464$55,976$55,500$53,702
2 years$28,453$27,923$27,410$26,912$26,429$24,634
3 years$18,780$18,248$17,736$17,243$16,767$15,032
4 years$13,945$13,414$12,907$12,422$11,959$10,297
5 years$11,044$10,517$10,016$9,541$9,091$7,506
6 years$9,111$8,588$8,095$7,630$7,193$5,688
7 years$7,731$7,212$6,727$6,273$5,850$4,423
8 years$6,696$6,182$5,705$5,263$4,853$3,504
9 years$5,892$5,383$4,914$4,483$4,087$2,814
10 years$5,249$4,745$4,284$3,864$3,482$2,283
11 years$4,723$4,224$3,771$3,363$2,995$1,868
12 years$4,285$3,791$3,347$2,950$2,595$1,537
13 years$3,915$3,426$2,990$2,604$2,263$1,272
14 years$3,598$3,114$2,687$2,312$1,984$1,057
15 years$3,324$2,845$2,426$2,062$1,747$881
16 years$3,084$2,610$2,199$1,846$1,544$736
17 years$2,872$2,404$2,001$1,659$1,369$617
18 years$2,684$2,221$1,827$1,495$1,217$518
19 years$2,516$2,059$1,673$1,351$1,085$435
20 years$2,365$1,913$1,535$1,223$969$366
21 years$2,229$1,782$1,412$1,110$867$309
22 years$2,105$1,663$1,301$1,009$777$260
23 years$1,993$1,556$1,201$919$698$220
24 years$1,889$1,458$1,111$838$627$186
25 years$1,794$1,368$1,029$766$564$157
26 years$1,707$1,286$954$700$508$133
27 years$1,626$1,210$886$641$458$112
28 years$1,551$1,140$824$587$414$95
29 years$1,482$1,075$767$538$373$80
30 years$1,417$1,016$714$494$337$68
31 years$1,356$960$666$454$305$57
32 years$1,300$908$621$417$276$49
33 years$1,246$860$580$384$250$41
34 years$1,197$815$542$353$226$35
35 years$1,150$773$507$325$205$30
36 years$1,105$734$474$299$186$25
37 years$1,064$697$444$276$168$21
38 years$1,024$663$415$254$152$18
39 years$987$630$389$234$138$15
40 years$952$599$365$216$125$13
41 years$918$571$342$199$114$11
42 years$886$543$321$184$103$9
43 years$856$518$301$170$94$8
44 years$827$494$283$157$85$7
45 years$799$471$265$145$77$6
46 years$773$449$249$134$70$5
47 years$748$428$234$124$64$4
48 years$724$409$220$114$58$3
49 years$701$391$207$106$52$3
50 years$680$373$194$98$48$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $696,000, adding $2,820 every year, while hoping to spend $30,034 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: 40/46/14 Blend
49$696,000$696,000$696,000$696,000
50$769,901$733,013$722,225$797,381
51$816,475$736,975$714,463$821,071
52$866,793$740,124$705,435$843,533
53$921,205$742,389$695,067$867,182
54$980,096$743,694$683,279$892,138
55$1,043,889$743,958$669,993$918,538
56$1,113,049$743,096$655,121$946,534
57$1,188,088$741,016$638,576$976,293
58$1,269,569$737,622$620,264$1,008,005
59$1,358,110$732,810$600,088$1,041,878
60$1,454,393$726,473$577,946$1,078,146
61$1,559,165$718,495$553,732$1,117,066
62$1,673,252$708,753$527,333$1,158,929
63$1,797,559$697,117$498,635$1,204,053
64$1,933,086$683,451$467,514$1,252,795
65$2,080,929$667,609$433,845$1,305,551
66$2,242,299$649,437$397,494$1,362,760
67$2,418,526$628,772$358,322$1,424,910
68$2,611,074$605,440$316,185$1,492,542
69$2,821,557$579,260$270,930$1,566,258
70$3,051,749$550,038$222,400$1,646,724
71$3,303,607$517,569$170,430$1,734,680
72$3,579,283$481,638$114,847$1,830,945
73$3,881,147$442,015$55,472$1,936,427
74$4,211,810$398,460$0$2,052,134
75$4,574,145$350,715$0$2,180,361
76$4,971,321$298,513$0$2,330,083
77$5,406,822$241,566$0$2,494,406
78$5,884,490$179,575$0$2,674,876
79$6,408,554$112,221$0$2,873,204
80$6,983,674$39,167$0$3,091,282
81$7,614,982$0$0$3,331,200
82$8,308,131$0$0$3,615,487
83$9,069,349$0$0$3,949,559
84$9,905,495$0$0$4,316,614
85$10,824,127$0$0$4,719,980
86$11,833,569$0$0$5,163,327
87$12,942,995$0$0$5,650,695
88$14,162,507$0$0$6,186,537
89$15,503,239$0$0$6,775,758
90$16,977,454$0$0$7,423,763
91$18,598,665$0$0$8,136,506
92$20,381,758$0$0$8,920,547
93$22,343,138$0$0$9,783,116
94$24,500,875$0$0$10,732,175
95$26,874,881$0$0$11,776,501
96$29,487,096$0$0$12,925,762
97$32,361,693$0$0$14,190,612
98$35,525,306$0$0$15,582,788
99$39,007,283$0$0$17,115,226
100$42,839,962$0$0$18,802,176