Can I retire at age 50 with 700,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$57,805$57,290$56,788$56,298$55,819$55,144
2 years$28,617$28,084$27,567$27,066$26,580$25,902
3 years$18,888$18,353$17,838$17,342$16,864$16,202
4 years$14,025$13,491$12,981$12,494$12,027$11,387
5 years$11,108$10,577$10,074$9,596$9,143$8,526
6 years$9,164$8,637$8,141$7,674$7,235$6,643
7 years$7,776$7,254$6,765$6,309$5,884$5,316
8 years$6,735$6,218$5,738$5,293$4,881$4,338
9 years$5,926$5,414$4,942$4,508$4,111$3,592
10 years$5,279$4,772$4,308$3,886$3,502$3,008
11 years$4,750$4,248$3,793$3,382$3,012$2,542
12 years$4,310$3,813$3,366$2,967$2,610$2,163
13 years$3,938$3,446$3,008$2,619$2,276$1,852
14 years$3,619$3,132$2,702$2,325$1,995$1,593
15 years$3,343$2,861$2,440$2,073$1,757$1,375
16 years$3,101$2,625$2,212$1,857$1,553$1,192
17 years$2,889$2,418$2,013$1,668$1,377$1,036
18 years$2,700$2,234$1,837$1,503$1,224$903
19 years$2,531$2,070$1,682$1,358$1,091$788
20 years$2,379$1,924$1,544$1,230$975$689
21 years$2,242$1,792$1,420$1,117$872$604
22 years$2,117$1,673$1,309$1,015$782$530
23 years$2,004$1,565$1,208$925$702$465
24 years$1,900$1,466$1,118$843$631$409
25 years$1,805$1,376$1,035$770$568$360
26 years$1,717$1,293$960$704$511$317
27 years$1,635$1,217$891$645$461$279
28 years$1,560$1,147$829$591$416$246
29 years$1,490$1,082$771$542$376$217
30 years$1,425$1,021$718$497$339$192
31 years$1,364$966$670$456$307$169
32 years$1,307$914$625$419$278$150
33 years$1,254$865$583$386$251$132
34 years$1,203$820$545$355$227$117
35 years$1,156$778$510$327$206$103
36 years$1,112$738$477$301$187$91
37 years$1,070$701$446$277$169$81
38 years$1,030$666$418$256$153$71
39 years$993$634$391$236$139$63
40 years$957$603$367$217$126$56
41 years$923$574$344$201$114$50
42 years$891$547$323$185$104$44
43 years$861$521$303$171$94$39
44 years$832$496$284$158$86$34
45 years$804$473$267$146$78$30
46 years$778$452$251$135$70$27
47 years$753$431$236$124$64$24
48 years$728$411$221$115$58$21
49 years$705$393$208$106$53$19
50 years$683$375$196$98$48$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $700,000, adding $5,073 every year, while hoping to spend $21,777 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: 58/26/16 Blend
49$700,000$700,000$700,000$700,000
50$776,633$739,533$728,683$818,183
51$832,679$752,599$729,923$859,969
52$893,712$765,576$730,475$902,666
53$960,217$778,436$730,293$948,709
54$1,032,729$791,150$729,328$998,424
55$1,111,837$803,685$727,529$1,052,169
56$1,198,187$816,009$724,844$1,110,342
57$1,292,492$828,083$721,217$1,173,378
58$1,395,538$839,871$716,589$1,241,758
59$1,508,187$851,329$710,899$1,316,013
60$1,631,391$862,413$704,084$1,396,729
61$1,766,198$873,076$696,075$1,484,550
62$1,913,759$883,266$686,802$1,580,187
63$2,075,344$892,928$676,192$1,684,427
64$2,252,353$902,005$664,168$1,798,133
65$2,446,324$910,434$650,649$1,922,259
66$2,658,954$918,150$635,550$2,057,858
67$2,892,109$925,081$618,783$2,206,089
68$3,147,847$931,153$600,256$2,368,232
69$3,428,435$936,287$579,871$2,545,697
70$3,736,366$940,396$557,528$2,740,039
71$4,074,391$943,391$533,121$2,952,974
72$4,445,537$945,175$506,538$3,186,391
73$4,853,140$945,647$477,666$3,442,378
74$5,300,875$944,699$446,382$3,723,231
75$5,792,789$942,214$412,561$4,031,488
76$6,333,342$938,071$376,070$4,369,942
77$6,927,447$932,140$336,772$4,741,677
78$7,580,515$924,284$294,523$5,150,089
79$8,298,511$914,356$249,172$5,598,927
80$9,088,002$902,203$200,563$6,092,320
81$9,956,227$887,660$148,531$6,634,823
82$10,911,161$870,554$92,905$7,231,458
83$11,961,589$850,701$33,507$7,887,760
84$13,117,192$827,906$0$8,609,833
85$14,388,635$801,963$0$9,409,508
86$15,787,670$772,653$0$10,295,537
87$17,327,246$739,747$0$11,270,406
88$19,021,629$702,998$0$12,343,169
89$20,886,540$662,150$0$13,523,802
90$22,939,300$616,928$0$14,823,302
91$25,198,995$567,044$0$16,253,787
92$27,686,656$512,192$0$17,828,618
93$30,425,454$452,050$0$19,562,516
94$33,440,926$386,275$0$21,471,708
95$36,761,205$314,507$0$23,574,080
96$40,417,296$236,367$0$25,889,344
97$44,443,362$151,450$0$28,439,224
98$48,877,046$59,333$0$31,247,666
99$53,759,831$0$0$34,341,060
100$59,137,426$0$0$37,760,061