Can I retire at age 50 with 697,000?

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 $697,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$57,558$57,045$56,545$56,056$55,580$53,544
2 years$28,494$27,963$27,449$26,950$26,467$24,438
3 years$18,807$18,274$17,761$17,267$16,791$14,834
4 years$13,965$13,434$12,926$12,440$11,976$10,105
5 years$11,060$10,532$10,031$9,555$9,104$7,324
6 years$9,124$8,600$8,106$7,641$7,204$5,516
7 years$7,742$7,222$6,736$6,282$5,858$4,263
8 years$6,706$6,191$5,713$5,270$4,860$3,355
9 years$5,901$5,390$4,921$4,489$4,093$2,676
10 years$5,257$4,751$4,290$3,870$3,487$2,156
11 years$4,730$4,230$3,777$3,368$2,999$1,751
12 years$4,291$3,796$3,352$2,954$2,599$1,431
13 years$3,921$3,431$2,995$2,608$2,266$1,175
14 years$3,603$3,119$2,691$2,315$1,987$969
15 years$3,328$2,849$2,429$2,065$1,749$801
16 years$3,088$2,614$2,203$1,849$1,546$664
17 years$2,876$2,407$2,004$1,661$1,371$552
18 years$2,688$2,224$1,830$1,497$1,219$460
19 years$2,520$2,062$1,675$1,353$1,086$383
20 years$2,369$1,916$1,537$1,225$970$320
21 years$2,232$1,784$1,414$1,112$868$267
22 years$2,108$1,666$1,303$1,011$778$223
23 years$1,995$1,558$1,203$921$699$187
24 years$1,892$1,460$1,113$840$628$156
25 years$1,797$1,370$1,031$767$565$131
26 years$1,709$1,287$956$701$509$110
27 years$1,628$1,212$888$642$459$92
28 years$1,553$1,142$825$588$414$77
29 years$1,484$1,077$768$539$374$65
30 years$1,419$1,017$715$495$338$54
31 years$1,358$962$667$454$305$46
32 years$1,301$910$622$418$276$38
33 years$1,248$862$581$384$250$32
34 years$1,198$817$543$353$226$27
35 years$1,151$775$507$325$205$23
36 years$1,107$735$475$300$186$19
37 years$1,065$698$444$276$168$16
38 years$1,026$664$416$254$153$13
39 years$988$631$390$235$138$11
40 years$953$600$365$216$126$9
41 years$919$571$343$200$114$8
42 years$887$544$321$184$103$7
43 years$857$519$302$170$94$6
44 years$828$494$283$157$85$5
45 years$801$471$266$145$77$4
46 years$774$450$250$134$70$3
47 years$749$429$235$124$64$3
48 years$725$410$220$114$58$2
49 years$702$391$207$106$53$2
50 years$681$374$195$98$48$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $697,000, adding $6,947 every year, while hoping to spend $42,083 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: 67/24/9 Blend
49$697,000$697,000$697,000$697,000
50$775,260$738,319$727,515$825,359
51$809,560$729,720$707,111$850,939
52$845,949$719,290$684,613$873,205
53$884,595$706,894$659,906$896,440
54$925,681$692,390$632,871$920,735
55$969,411$675,627$603,382$946,187
56$1,016,004$656,446$571,309$972,909
57$1,065,703$634,678$536,514$1,001,024
58$1,118,772$610,145$498,854$1,030,669
59$1,175,501$582,657$458,181$1,061,997
60$1,236,210$552,014$414,337$1,095,178
61$1,301,246$518,006$367,160$1,130,401
62$1,370,992$480,408$316,480$1,167,878
63$1,445,869$438,983$262,117$1,207,842
64$1,526,337$393,482$203,887$1,250,553
65$1,612,901$343,641$141,596$1,296,300
66$1,706,118$289,181$75,040$1,345,405
67$1,806,597$229,806$4,009$1,398,225
68$1,915,009$165,204$0$1,455,154
69$2,032,088$95,048$0$1,523,527
70$2,158,645$18,989$0$1,597,796
71$2,295,568$0$0$1,678,139
72$2,443,835$0$0$1,781,909
73$2,604,519$0$0$1,899,841
74$2,778,803$0$0$2,027,792
75$2,967,985$0$0$2,166,719
76$3,173,495$0$0$2,317,679
77$3,396,905$0$0$2,481,830
78$3,639,943$0$0$2,660,448
79$3,904,512$0$0$2,854,937
80$4,192,707$0$0$3,066,843
81$4,506,830$0$0$3,297,866
82$4,849,417$0$0$3,549,876
83$5,223,259$0$0$3,824,933
84$5,631,428$0$0$4,125,305
85$6,077,306$0$0$4,453,487
86$6,564,614$0$0$4,812,227
87$7,097,451$0$0$5,204,549
88$7,680,330$0$0$5,633,785
89$8,318,220$0$0$6,103,602
90$9,016,591$0$0$6,618,037
91$9,781,467$0$0$7,181,540
92$10,619,485$0$0$7,799,005
93$11,537,950$0$0$8,475,828
94$12,544,909$0$0$9,217,949
95$13,649,227$0$0$10,031,911
96$14,860,663$0$0$10,924,918
97$16,189,972$0$0$11,904,910
98$17,648,996$0$0$12,980,629
99$19,250,782$0$0$14,161,706
100$21,009,699$0$0$15,458,749