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%14.3%
1 years$57,723$57,209$56,707$56,217$55,739$54,748
2 years$28,576$28,043$27,528$27,028$26,542$25,547
3 years$18,861$18,327$17,812$17,317$16,840$15,872
4 years$14,005$13,472$12,963$12,476$12,010$11,077
5 years$11,092$10,562$10,060$9,583$9,130$8,233
6 years$9,151$8,625$8,130$7,663$7,224$6,366
7 years$7,764$7,243$6,756$6,300$5,875$5,055
8 years$6,725$6,209$5,729$5,285$4,874$4,092
9 years$5,917$5,406$4,935$4,502$4,105$3,360
10 years$5,272$4,765$4,302$3,881$3,497$2,790
11 years$4,744$4,242$3,788$3,377$3,008$2,337
12 years$4,304$3,807$3,361$2,962$2,607$1,971
13 years$3,932$3,441$3,003$2,615$2,273$1,672
14 years$3,614$3,128$2,698$2,322$1,992$1,424
15 years$3,338$2,857$2,436$2,070$1,754$1,219
16 years$3,097$2,621$2,209$1,854$1,550$1,046
17 years$2,884$2,414$2,010$1,666$1,375$900
18 years$2,696$2,231$1,835$1,501$1,222$776
19 years$2,527$2,067$1,680$1,356$1,090$671
20 years$2,376$1,921$1,542$1,228$973$581
21 years$2,239$1,789$1,418$1,115$871$503
22 years$2,114$1,670$1,307$1,014$781$437
23 years$2,001$1,562$1,207$923$701$379
24 years$1,897$1,464$1,116$842$630$330
25 years$1,802$1,374$1,034$769$567$287
26 years$1,714$1,291$959$703$511$250
27 years$1,633$1,215$890$644$460$218
28 years$1,558$1,145$827$590$415$190
29 years$1,488$1,080$770$541$375$166
30 years$1,423$1,020$717$496$339$145
31 years$1,362$964$669$456$306$126
32 years$1,305$912$624$419$277$110
33 years$1,252$864$583$385$251$96
34 years$1,202$819$544$354$227$84
35 years$1,155$777$509$326$206$73
36 years$1,110$737$476$300$186$64
37 years$1,068$700$446$277$169$56
38 years$1,029$665$417$255$153$49
39 years$991$633$391$235$139$43
40 years$956$602$366$217$126$37
41 years$922$573$344$200$114$33
42 years$890$546$322$185$104$29
43 years$859$520$302$171$94$25
44 years$831$496$284$157$85$22
45 years$803$473$267$145$78$19
46 years$777$451$250$134$70$17
47 years$751$430$235$124$64$15
48 years$727$411$221$115$58$13
49 years$704$392$208$106$53$11
50 years$682$375$195$98$48$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $699,000, adding $3,167 every year, while hoping to spend $23,105 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: 56/34/10 Blend
49$699,000$699,000$699,000$699,000
50$773,565$736,518$725,683$814,816
51$827,885$748,024$725,410$854,562
52$886,971$759,319$724,353$895,004
53$951,286$770,369$722,463$938,501
54$1,021,336$781,136$719,684$985,347
55$1,097,682$791,581$715,963$1,035,868
56$1,180,938$801,662$711,241$1,090,422
57$1,271,782$811,332$705,456$1,149,405
58$1,370,960$820,543$698,545$1,213,252
59$1,479,291$829,243$690,439$1,282,445
60$1,597,680$837,377$681,070$1,357,515
61$1,727,121$844,886$670,364$1,439,046
62$1,868,709$851,707$658,242$1,527,684
63$2,023,650$857,773$644,626$1,624,141
64$2,193,271$863,012$629,430$1,729,202
65$2,379,034$867,350$612,565$1,843,734
66$2,582,550$870,704$593,941$1,968,692
67$2,805,592$872,990$573,459$2,105,129
68$3,050,111$874,116$551,019$2,254,207
69$3,318,260$873,985$526,516$2,417,209
70$3,612,407$872,494$499,838$2,595,549
71$3,935,160$869,535$470,871$2,790,785
72$4,289,395$864,990$439,493$3,004,637
73$4,678,276$858,738$405,579$3,239,003
74$5,105,291$850,647$368,997$3,495,974
75$5,574,281$840,579$329,609$3,777,858
76$6,089,478$828,388$287,271$4,087,198
77$6,655,544$813,918$241,834$4,426,801
78$7,277,614$797,004$193,140$4,799,762
79$7,961,346$777,473$141,025$5,209,493
80$8,712,973$755,139$85,320$5,659,757
81$9,539,363$729,807$25,844$6,154,704
82$10,448,081$701,271$0$6,698,910
83$11,447,463$669,311$0$7,301,436
84$12,546,693$633,695$0$7,967,035
85$13,755,889$594,180$0$8,699,104
86$15,086,200$550,506$0$9,504,431
87$16,549,911$502,398$0$10,390,498
88$18,160,554$449,568$0$11,365,554
89$19,933,044$391,711$0$12,438,693
90$21,883,811$328,501$0$13,619,940
91$24,030,961$259,599$0$14,920,346
92$26,394,443$184,642$0$16,352,094
93$28,996,238$103,252$0$17,928,613
94$31,860,567$15,024$0$19,664,705
95$35,014,119$0$0$21,576,691
96$38,486,302$0$0$23,712,663
97$42,309,522$0$0$26,070,852
98$46,519,485$0$0$28,667,669
99$51,155,537$0$0$31,527,396
100$56,261,035$0$0$34,676,787