Can I retire at age 50 with 699,000?

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 $699,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$57,723$57,209$56,707$56,217$55,739$55,249
2 years$28,576$28,043$27,528$27,028$26,542$26,049
3 years$18,861$18,327$17,812$17,317$16,840$16,357
4 years$14,005$13,472$12,963$12,476$12,010$11,543
5 years$11,092$10,562$10,060$9,583$9,130$8,679
6 years$9,151$8,625$8,130$7,663$7,224$6,791
7 years$7,764$7,243$6,756$6,300$5,875$5,459
8 years$6,725$6,209$5,729$5,285$4,874$4,476
9 years$5,917$5,406$4,935$4,502$4,105$3,723
10 years$5,272$4,765$4,302$3,881$3,497$3,133
11 years$4,744$4,242$3,788$3,377$3,008$2,660
12 years$4,304$3,807$3,361$2,962$2,607$2,275
13 years$3,932$3,441$3,003$2,615$2,273$1,958
14 years$3,614$3,128$2,698$2,322$1,992$1,693
15 years$3,338$2,857$2,436$2,070$1,754$1,470
16 years$3,097$2,621$2,209$1,854$1,550$1,281
17 years$2,884$2,414$2,010$1,666$1,375$1,120
18 years$2,696$2,231$1,835$1,501$1,222$981
19 years$2,527$2,067$1,680$1,356$1,090$861
20 years$2,376$1,921$1,542$1,228$973$758
21 years$2,239$1,789$1,418$1,115$871$668
22 years$2,114$1,670$1,307$1,014$781$590
23 years$2,001$1,562$1,207$923$701$521
24 years$1,897$1,464$1,116$842$630$461
25 years$1,802$1,374$1,034$769$567$408
26 years$1,714$1,291$959$703$511$362
27 years$1,633$1,215$890$644$460$321
28 years$1,558$1,145$827$590$415$285
29 years$1,488$1,080$770$541$375$253
30 years$1,423$1,020$717$496$339$225
31 years$1,362$964$669$456$306$200
32 years$1,305$912$624$419$277$177
33 years$1,252$864$583$385$251$158
34 years$1,202$819$544$354$227$140
35 years$1,155$777$509$326$206$125
36 years$1,110$737$476$300$186$111
37 years$1,068$700$446$277$169$99
38 years$1,029$665$417$255$153$88
39 years$991$633$391$235$139$79
40 years$956$602$366$217$126$70
41 years$922$573$344$200$114$62
42 years$890$546$322$185$104$56
43 years$859$520$302$171$94$50
44 years$831$496$284$157$85$44
45 years$803$473$267$145$78$39
46 years$777$451$250$134$70$35
47 years$751$430$235$124$64$31
48 years$727$411$221$115$58$28
49 years$704$392$208$106$53$25
50 years$682$375$195$98$48$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $699,000, adding $3,578 every year, while hoping to spend $21,532 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: 37/46/17 Blend
49$699,000$699,000$699,000$699,000
50$773,989$736,942$726,107$798,520
51$830,026$750,142$727,522$829,742
52$891,057$763,267$728,262$861,138
53$957,569$776,292$728,283$894,595
54$1,030,097$789,186$727,537$930,309
55$1,109,231$801,920$725,974$968,498
56$1,195,620$814,462$723,541$1,009,400
57$1,289,977$826,775$720,184$1,053,281
58$1,393,090$838,822$715,845$1,100,432
59$1,505,824$850,563$710,465$1,151,178
60$1,629,132$861,954$703,979$1,205,873
61$1,764,063$872,950$696,322$1,264,914
62$1,911,773$883,500$687,425$1,328,733
63$2,073,535$893,552$677,214$1,397,814
64$2,250,749$903,049$665,614$1,472,685
65$2,444,958$911,932$652,546$1,553,934
66$2,657,864$920,137$637,925$1,642,207
67$2,891,336$927,594$621,666$1,738,221
68$3,147,437$934,231$603,677$1,842,764
69$3,428,438$939,970$583,863$1,956,708
70$3,736,840$944,730$562,123$2,081,016
71$4,075,398$948,422$538,354$2,216,751
72$4,447,147$950,953$512,448$2,365,086
73$4,855,430$952,224$484,289$2,527,317
74$5,303,930$952,129$453,759$2,704,873
75$5,796,705$950,557$420,733$2,899,333
76$6,338,223$947,389$385,082$3,112,439
77$6,933,409$942,498$346,670$3,346,115
78$7,587,688$935,752$305,355$3,602,483
79$8,307,037$927,008$260,988$3,883,886
80$9,098,039$916,115$213,415$4,192,908
81$9,967,949$902,915$162,475$4,532,403
82$10,924,760$887,238$107,998$4,905,518
83$11,977,278$868,906$49,809$5,315,726
84$13,135,207$847,728$0$5,766,861
85$14,409,235$823,505$0$6,265,380
86$15,811,144$796,023$0$6,823,506
87$17,353,910$765,057$0$7,437,377
88$19,051,834$730,371$0$8,112,709
89$20,920,673$691,711$0$8,855,805
90$22,977,788$648,811$0$9,673,615
91$25,242,310$601,391$0$10,573,804
92$27,735,319$549,151$0$11,564,821
93$30,480,040$491,779$0$12,655,987
94$33,502,068$428,940$0$13,857,575
95$36,829,605$360,283$0$15,180,915
96$40,493,725$285,438$0$16,638,498
97$44,528,672$204,011$0$18,244,096
98$48,972,178$115,589$0$20,012,894
99$53,865,821$19,735$0$21,961,634
100$59,255,419$0$0$24,108,774