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%11.7%
1 years$57,888$57,372$56,869$56,378$55,899$55,500
2 years$28,657$28,124$27,606$27,105$26,618$26,216
3 years$18,915$18,379$17,863$17,366$16,888$16,495
4 years$14,045$13,511$13,000$12,511$12,045$11,664
5 years$11,124$10,592$10,088$9,610$9,156$8,788
6 years$9,177$8,650$8,153$7,685$7,245$6,891
7 years$7,787$7,264$6,775$6,318$5,892$5,552
8 years$6,745$6,226$5,746$5,300$4,888$4,562
9 years$5,934$5,421$4,949$4,515$4,116$3,804
10 years$5,287$4,779$4,315$3,892$3,507$3,209
11 years$4,757$4,254$3,798$3,387$3,016$2,731
12 years$4,316$3,818$3,371$2,971$2,614$2,342
13 years$3,943$3,451$3,012$2,623$2,279$2,020
14 years$3,624$3,136$2,706$2,328$1,998$1,752
15 years$3,347$2,865$2,443$2,076$1,759$1,525
16 years$3,106$2,629$2,215$1,859$1,555$1,333
17 years$2,893$2,421$2,016$1,670$1,379$1,168
18 years$2,703$2,237$1,840$1,505$1,226$1,026
19 years$2,534$2,073$1,685$1,360$1,093$904
20 years$2,382$1,927$1,546$1,232$976$797
21 years$2,245$1,795$1,422$1,118$873$705
22 years$2,121$1,675$1,311$1,017$783$624
23 years$2,007$1,567$1,210$926$703$553
24 years$1,903$1,468$1,119$844$632$491
25 years$1,807$1,378$1,037$771$568$436
26 years$1,719$1,295$961$705$512$387
27 years$1,638$1,219$893$645$462$345
28 years$1,562$1,148$830$591$417$307
29 years$1,492$1,083$772$542$376$273
30 years$1,427$1,023$719$498$340$244
31 years$1,366$967$671$457$307$217
32 years$1,309$915$626$420$278$194
33 years$1,255$867$584$386$252$173
34 years$1,205$821$546$355$228$154
35 years$1,158$779$510$327$206$138
36 years$1,113$739$477$301$187$123
37 years$1,071$702$447$278$169$110
38 years$1,032$667$418$256$154$98
39 years$994$635$392$236$139$88
40 years$958$604$367$218$126$79
41 years$925$575$345$201$115$70
42 years$892$547$323$185$104$63
43 years$862$522$303$171$94$56
44 years$833$497$285$158$86$50
45 years$805$474$267$146$78$45
46 years$779$452$251$135$71$40
47 years$754$432$236$124$64$36
48 years$729$412$222$115$58$32
49 years$706$393$208$106$53$29
50 years$684$376$196$98$48$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $701,000, adding $6,981 every year, while hoping to spend $21,889 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: 32/50/18 Blend
49$701,000$701,000$701,000$701,000
50$779,703$742,550$731,684$800,082
51$835,943$755,645$732,906$828,936
52$897,186$768,648$733,435$857,498
53$963,919$781,532$733,225$887,797
54$1,036,678$794,266$732,227$919,998
55$1,116,053$806,820$730,391$954,282
56$1,202,694$819,158$727,663$990,851
57$1,297,316$831,243$723,987$1,029,928
58$1,400,705$843,037$719,304$1,071,758
59$1,513,729$854,498$713,552$1,116,613
60$1,637,341$865,580$706,668$1,164,795
61$1,772,591$876,235$698,583$1,216,635
62$1,920,637$886,412$689,227$1,272,503
63$2,082,751$896,056$678,525$1,332,803
64$2,260,337$905,108$666,401$1,397,986
65$2,454,939$913,505$652,772$1,468,549
66$2,668,257$921,181$637,555$1,545,041
67$2,902,166$928,066$620,659$1,628,068
68$3,158,728$934,082$601,993$1,718,301
69$3,440,217$939,151$581,458$1,816,482
70$3,749,135$943,185$558,953$1,923,430
71$4,088,241$946,095$534,372$2,040,049
72$4,460,571$947,784$507,603$2,167,340
73$4,869,472$948,148$478,531$2,306,406
74$5,318,629$947,078$447,033$2,458,468
75$5,812,104$944,459$412,982$2,624,873
76$6,354,368$940,168$376,247$2,807,110
77$6,950,350$934,073$336,688$3,006,822
78$7,605,480$926,036$294,161$3,225,824
79$8,325,737$915,910$248,514$3,466,120
80$9,117,713$903,540$199,590$3,729,923
81$9,988,667$888,761$147,223$4,019,677
82$10,946,598$871,397$91,242$4,338,078
83$12,000,319$851,264$31,467$4,688,103
84$13,159,540$828,165$0$5,073,040
85$14,434,961$801,892$0$5,502,723
86$15,838,368$772,226$0$5,981,803
87$17,382,751$738,935$0$6,508,685
88$19,082,420$701,771$0$7,088,289
89$20,953,145$660,476$0$7,726,038
90$23,012,299$614,772$0$8,427,914
91$25,279,028$564,371$0$9,200,516
92$27,774,427$508,963$0$10,051,120
93$30,521,740$448,223$0$10,987,753
94$33,546,580$381,809$0$12,019,267
95$36,877,170$309,356$0$13,155,422
96$40,544,608$230,482$0$14,406,985
97$44,583,163$144,780$0$15,785,827
98$49,030,596$51,824$0$17,305,039
99$53,928,515$0$0$18,979,056
100$59,322,770$0$0$20,850,668