Can I retire at age 50 with 701,000?

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 $701,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$57,888$57,372$56,869$56,378$55,899$55,338
2 years$28,657$28,124$27,606$27,105$26,618$26,054
3 years$18,915$18,379$17,863$17,366$16,888$16,337
4 years$14,045$13,511$13,000$12,511$12,045$11,511
5 years$11,124$10,592$10,088$9,610$9,156$8,642
6 years$9,177$8,650$8,153$7,685$7,245$6,751
7 years$7,787$7,264$6,775$6,318$5,892$5,418
8 years$6,745$6,226$5,746$5,300$4,888$4,434
9 years$5,934$5,421$4,949$4,515$4,116$3,682
10 years$5,287$4,779$4,315$3,892$3,507$3,093
11 years$4,757$4,254$3,798$3,387$3,016$2,621
12 years$4,316$3,818$3,371$2,971$2,614$2,238
13 years$3,943$3,451$3,012$2,623$2,279$1,922
14 years$3,624$3,136$2,706$2,328$1,998$1,659
15 years$3,347$2,865$2,443$2,076$1,759$1,437
16 years$3,106$2,629$2,215$1,859$1,555$1,250
17 years$2,893$2,421$2,016$1,670$1,379$1,090
18 years$2,703$2,237$1,840$1,505$1,226$953
19 years$2,534$2,073$1,685$1,360$1,093$835
20 years$2,382$1,927$1,546$1,232$976$733
21 years$2,245$1,795$1,422$1,118$873$645
22 years$2,121$1,675$1,311$1,017$783$568
23 years$2,007$1,567$1,210$926$703$500
24 years$1,903$1,468$1,119$844$632$442
25 years$1,807$1,378$1,037$771$568$390
26 years$1,719$1,295$961$705$512$345
27 years$1,638$1,219$893$645$462$305
28 years$1,562$1,148$830$591$417$270
29 years$1,492$1,083$772$542$376$239
30 years$1,427$1,023$719$498$340$212
31 years$1,366$967$671$457$307$188
32 years$1,309$915$626$420$278$167
33 years$1,255$867$584$386$252$148
34 years$1,205$821$546$355$228$131
35 years$1,158$779$510$327$206$117
36 years$1,113$739$477$301$187$104
37 years$1,071$702$447$278$169$92
38 years$1,032$667$418$256$154$82
39 years$994$635$392$236$139$73
40 years$958$604$367$218$126$65
41 years$925$575$345$201$115$57
42 years$892$547$323$185$104$51
43 years$862$522$303$171$94$45
44 years$833$497$285$158$86$40
45 years$805$474$267$146$78$36
46 years$779$452$251$135$71$32
47 years$754$432$236$124$64$28
48 years$729$412$222$115$58$25
49 years$706$393$208$106$53$22
50 years$684$376$196$98$48$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $701,000, adding $2,907 every year, while hoping to spend $51,884 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: 54/28/18 Blend
49$701,000$701,000$701,000$701,000
50$775,501$738,348$727,482$813,461
51$799,397$719,322$696,649$820,713
52$823,993$697,626$663,043$822,855
53$849,303$673,073$626,518$824,045
54$875,345$645,467$586,920$824,205
55$902,135$614,599$544,086$823,255
56$929,689$580,250$497,849$821,109
57$958,022$542,188$448,032$817,674
58$987,151$500,165$394,452$812,855
59$1,017,091$453,924$336,916$806,547
60$1,047,855$403,187$275,224$798,643
61$1,079,459$347,666$209,167$789,025
62$1,111,915$287,053$138,525$777,572
63$1,145,236$221,024$63,071$764,153
64$1,179,433$149,237$0$748,630
65$1,214,515$71,330$0$734,208
66$1,250,491$0$0$730,526
67$1,287,368$0$0$729,372
68$1,325,150$0$0$750,698
69$1,363,840$0$0$772,529
70$1,403,437$0$0$794,862
71$1,443,938$0$0$817,694
72$1,485,337$0$0$841,020
73$1,527,623$0$0$864,833
74$1,570,782$0$0$889,123
75$1,614,794$0$0$913,877
76$1,659,635$0$0$939,079
77$1,705,274$0$0$964,709
78$1,751,674$0$0$990,743
79$1,798,789$0$0$1,017,153
80$1,846,565$0$0$1,043,906
81$1,894,940$0$0$1,070,963
82$1,943,840$0$0$1,098,277
83$1,993,180$0$0$1,125,796
84$2,042,862$0$0$1,153,461
85$2,092,771$0$0$1,181,202
86$2,142,780$0$0$1,208,940
87$2,192,741$0$0$1,236,586
88$2,242,487$0$0$1,264,038
89$2,291,829$0$0$1,291,182
90$2,340,553$0$0$1,317,889
91$2,388,418$0$0$1,344,012
92$2,435,152$0$0$1,369,388
93$2,480,452$0$0$1,393,834
94$2,523,975$0$0$1,417,143
95$2,565,338$0$0$1,439,086
96$2,604,115$0$0$1,459,405
97$2,639,825$0$0$1,477,812
98$2,671,936$0$0$1,493,988
99$2,699,851$0$0$1,507,575
100$2,722,909$0$0$1,518,176