Can I retire at age 50 with 698,000?

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 $698,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$57,640$57,127$56,626$56,137$55,660$54,513
2 years$28,535$28,003$27,488$26,989$26,505$25,355
3 years$18,834$18,300$17,787$17,292$16,816$15,699
4 years$13,985$13,453$12,944$12,458$11,993$10,917
5 years$11,076$10,547$10,045$9,569$9,117$8,085
6 years$9,137$8,613$8,118$7,652$7,214$6,227
7 years$7,753$7,233$6,746$6,291$5,867$4,926
8 years$6,716$6,200$5,721$5,278$4,867$3,971
9 years$5,909$5,398$4,928$4,495$4,099$3,248
10 years$5,264$4,758$4,296$3,875$3,492$2,685
11 years$4,737$4,236$3,782$3,373$3,004$2,239
12 years$4,298$3,802$3,357$2,958$2,603$1,880
13 years$3,926$3,436$2,999$2,612$2,270$1,587
14 years$3,608$3,123$2,695$2,318$1,990$1,346
15 years$3,333$2,853$2,433$2,067$1,752$1,146
16 years$3,092$2,618$2,206$1,851$1,548$978
17 years$2,880$2,411$2,007$1,663$1,373$838
18 years$2,692$2,228$1,832$1,499$1,221$719
19 years$2,524$2,064$1,677$1,354$1,088$618
20 years$2,372$1,918$1,539$1,227$972$532
21 years$2,236$1,787$1,416$1,113$870$459
22 years$2,111$1,668$1,305$1,012$780$396
23 years$1,998$1,560$1,205$922$700$342
24 years$1,895$1,462$1,114$841$629$296
25 years$1,800$1,372$1,032$768$566$256
26 years$1,712$1,289$957$702$510$222
27 years$1,631$1,213$889$643$460$192
28 years$1,556$1,143$826$589$415$167
29 years$1,486$1,079$769$540$374$145
30 years$1,421$1,019$716$496$338$125
31 years$1,360$963$668$455$306$109
32 years$1,303$911$623$418$277$94
33 years$1,250$863$582$385$250$82
34 years$1,200$818$544$354$227$71
35 years$1,153$776$508$326$205$62
36 years$1,109$736$475$300$186$54
37 years$1,067$699$445$276$169$47
38 years$1,027$664$417$255$153$41
39 years$990$632$390$235$139$35
40 years$954$601$366$217$126$31
41 years$921$572$343$200$114$27
42 years$889$545$322$185$104$23
43 years$858$519$302$170$94$20
44 years$829$495$283$157$85$17
45 years$802$472$266$145$77$15
46 years$775$450$250$134$70$13
47 years$750$430$235$124$64$11
48 years$726$410$221$115$58$10
49 years$703$392$207$106$53$9
50 years$681$374$195$98$48$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $698,000, adding $4,485 every year, while hoping to spend $55,557 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: 28/49/23 Blend
49$698,000$698,000$698,000$698,000
50$773,822$736,828$726,009$789,805
51$793,640$713,821$691,218$779,666
52$813,617$687,824$653,400$763,590
53$833,711$658,632$612,394$745,153
54$853,873$626,029$568,033$724,191
55$874,049$589,785$520,142$700,526
56$894,174$549,656$468,539$673,970
57$914,178$505,387$413,033$644,325
58$933,979$456,706$353,425$611,378
59$953,486$403,327$289,506$574,905
60$972,597$344,945$221,060$534,667
61$991,195$281,241$147,859$490,409
62$1,009,152$211,876$69,667$441,862
63$1,026,321$136,493$0$388,738
64$1,042,539$54,715$0$334,114
65$1,057,625$0$0$292,747
66$1,071,376$0$0$265,500
67$1,083,564$0$0$267,211
68$1,093,937$0$0$268,297
69$1,102,213$0$0$268,669
70$1,108,079$0$0$268,229
71$1,111,186$0$0$266,867
72$1,111,149$0$0$264,462
73$1,107,536$0$0$260,877
74$1,099,871$0$0$255,965
75$1,087,624$0$0$249,559
76$1,070,208$0$0$241,474
77$1,046,972$0$0$231,509
78$1,017,196$0$0$219,438
79$980,081$0$0$205,011
80$934,743$0$0$187,953
81$880,203$0$0$167,960
82$815,378$0$0$144,693
83$739,072$0$0$117,781
84$649,959$0$0$86,810
85$546,574$0$0$51,327
86$427,300$0$0$10,828
87$290,346$0$0$0
88$133,736$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