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%18.9%
1 years$57,640$57,127$56,626$56,137$55,660$53,663
2 years$28,535$28,003$27,488$26,989$26,505$24,515
3 years$18,834$18,300$17,787$17,292$16,816$14,895
4 years$13,985$13,453$12,944$12,458$11,993$10,157
5 years$11,076$10,547$10,045$9,569$9,117$7,369
6 years$9,137$8,613$8,118$7,652$7,214$5,556
7 years$7,753$7,233$6,746$6,291$5,867$4,299
8 years$6,716$6,200$5,721$5,278$4,867$3,387
9 years$5,909$5,398$4,928$4,495$4,099$2,705
10 years$5,264$4,758$4,296$3,875$3,492$2,183
11 years$4,737$4,236$3,782$3,373$3,004$1,775
12 years$4,298$3,802$3,357$2,958$2,603$1,452
13 years$3,926$3,436$2,999$2,612$2,270$1,194
14 years$3,608$3,123$2,695$2,318$1,990$986
15 years$3,333$2,853$2,433$2,067$1,752$817
16 years$3,092$2,618$2,206$1,851$1,548$678
17 years$2,880$2,411$2,007$1,663$1,373$564
18 years$2,692$2,228$1,832$1,499$1,221$470
19 years$2,524$2,064$1,677$1,354$1,088$393
20 years$2,372$1,918$1,539$1,227$972$328
21 years$2,236$1,787$1,416$1,113$870$275
22 years$2,111$1,668$1,305$1,012$780$230
23 years$1,998$1,560$1,205$922$700$193
24 years$1,895$1,462$1,114$841$629$162
25 years$1,800$1,372$1,032$768$566$136
26 years$1,712$1,289$957$702$510$114
27 years$1,631$1,213$889$643$460$96
28 years$1,556$1,143$826$589$415$80
29 years$1,486$1,079$769$540$374$67
30 years$1,421$1,019$716$496$338$57
31 years$1,360$963$668$455$306$48
32 years$1,303$911$623$418$277$40
33 years$1,250$863$582$385$250$34
34 years$1,200$818$544$354$227$28
35 years$1,153$776$508$326$205$24
36 years$1,109$736$475$300$186$20
37 years$1,067$699$445$276$169$17
38 years$1,027$664$417$255$153$14
39 years$990$632$390$235$139$12
40 years$954$601$366$217$126$10
41 years$921$572$343$200$114$8
42 years$889$545$322$185$104$7
43 years$858$519$302$170$94$6
44 years$829$495$283$157$85$5
45 years$802$472$266$145$77$4
46 years$775$450$250$134$70$4
47 years$750$430$235$124$64$3
48 years$726$410$221$115$58$2
49 years$703$392$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 $698,000, adding $4,677 every year, while hoping to spend $53,157 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: 53/27/20 Blend
49$698,000$698,000$698,000$698,000
50$774,020$737,026$726,207$810,572
51$796,412$716,582$693,977$815,740
52$819,306$693,354$658,885$815,410
53$842,697$667,151$620,779$813,910
54$866,578$637,767$579,502$811,144
55$890,940$604,989$534,886$807,012
56$915,770$568,588$486,759$801,406
57$941,053$528,323$434,939$794,211
58$966,768$483,938$379,238$785,304
59$992,893$435,165$319,456$774,556
60$1,019,399$381,719$255,389$761,825
61$1,046,253$323,299$186,820$746,965
62$1,073,417$259,587$113,525$729,815
63$1,100,846$190,247$35,269$710,205
64$1,128,488$114,925$0$687,956
65$1,156,283$33,245$0$673,167
66$1,184,162$0$0$664,039
67$1,212,049$0$0$669,269
68$1,239,853$0$0$684,292
69$1,267,476$0$0$699,169
70$1,294,802$0$0$713,834
71$1,321,703$0$0$728,211
72$1,348,036$0$0$742,213
73$1,373,638$0$0$755,744
74$1,398,327$0$0$768,698
75$1,421,897$0$0$780,952
76$1,444,122$0$0$792,373
77$1,464,745$0$0$802,809
78$1,483,482$0$0$812,092
79$1,500,013$0$0$820,036
80$1,513,985$0$0$826,430
81$1,525,002$0$0$831,043
82$1,532,627$0$0$833,617
83$1,536,369$0$0$833,865
84$1,535,686$0$0$831,467
85$1,529,976$0$0$826,070
86$1,518,569$0$0$817,280
87$1,500,724$0$0$804,663
88$1,475,617$0$0$787,736
89$1,442,336$0$0$765,964
90$1,399,872$0$0$738,754
91$1,347,104$0$0$705,451
92$1,282,794$0$0$665,327
93$1,205,570$0$0$617,581
94$1,113,916$0$0$561,323
95$1,006,151$0$0$495,571
96$880,422$0$0$419,236
97$734,675$0$0$331,119
98$566,641$0$0$229,892
99$373,815$0$0$114,086
100$153,426$0$0$0