Can I retire at age 50 with 702,000?

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 $702,000?

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$57,971$57,454$56,950$56,459$55,978$55,579
2 years$28,698$28,164$27,646$27,144$26,656$26,254
3 years$18,942$18,405$17,889$17,391$16,912$16,518
4 years$14,065$13,530$13,018$12,529$12,062$11,680
5 years$11,140$10,608$10,103$9,624$9,169$8,801
6 years$9,190$8,662$8,165$7,696$7,255$6,901
7 years$7,798$7,274$6,785$6,327$5,900$5,560
8 years$6,754$6,235$5,754$5,308$4,895$4,568
9 years$5,943$5,429$4,956$4,521$4,122$3,810
10 years$5,294$4,785$4,321$3,897$3,512$3,213
11 years$4,764$4,260$3,804$3,392$3,021$2,735
12 years$4,322$3,824$3,376$2,975$2,618$2,345
13 years$3,949$3,456$3,016$2,627$2,283$2,023
14 years$3,629$3,141$2,710$2,332$2,001$1,754
15 years$3,352$2,869$2,447$2,079$1,762$1,527
16 years$3,110$2,633$2,218$1,862$1,557$1,334
17 years$2,897$2,424$2,019$1,673$1,381$1,170
18 years$2,707$2,240$1,843$1,508$1,228$1,028
19 years$2,538$2,076$1,687$1,362$1,094$905
20 years$2,386$1,929$1,548$1,234$977$799
21 years$2,248$1,797$1,424$1,120$875$706
22 years$2,124$1,678$1,312$1,018$784$625
23 years$2,010$1,569$1,212$927$704$554
24 years$1,906$1,470$1,121$846$633$491
25 years$1,810$1,380$1,038$772$569$436
26 years$1,722$1,297$963$706$513$388
27 years$1,640$1,220$894$646$462$345
28 years$1,565$1,150$831$592$417$307
29 years$1,494$1,085$773$543$377$274
30 years$1,429$1,024$720$498$340$244
31 years$1,368$968$672$458$308$218
32 years$1,311$916$627$421$278$194
33 years$1,257$868$585$387$252$173
34 years$1,207$822$547$356$228$155
35 years$1,160$780$511$328$207$138
36 years$1,115$740$478$302$187$123
37 years$1,073$703$447$278$170$110
38 years$1,033$668$419$256$154$99
39 years$995$635$393$236$139$88
40 years$960$605$368$218$126$79
41 years$926$576$345$201$115$70
42 years$894$548$324$186$104$63
43 years$863$522$304$171$94$56
44 years$834$498$285$158$86$50
45 years$806$475$268$146$78$45
46 years$780$453$251$135$71$40
47 years$755$432$236$125$64$36
48 years$731$413$222$115$58$32
49 years$707$394$209$106$53$29
50 years$685$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 $702,000, adding $5,087 every year, while hoping to spend $32,709 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: 26/48/26 Blend
49$702,000$702,000$702,000$702,000
50$778,851$741,645$730,764$792,645
51$823,492$743,184$720,443$805,790
52$871,590$743,701$708,679$816,735
53$923,463$743,114$695,391$827,797
54$979,460$741,330$680,491$839,008
55$1,039,966$738,257$663,888$850,406
56$1,105,403$733,792$645,489$862,036
57$1,176,234$727,827$625,193$873,949
58$1,252,970$720,251$602,896$886,206
59$1,336,170$710,940$578,491$898,879
60$1,426,452$699,769$551,863$912,049
61$1,524,493$686,601$522,893$925,810
62$1,631,040$671,293$491,459$940,271
63$1,746,912$653,692$457,429$955,555
64$1,873,013$633,639$420,668$971,803
65$2,010,336$610,963$381,036$989,178
66$2,159,973$585,483$338,384$1,007,860
67$2,323,128$557,008$292,557$1,028,059
68$2,501,123$525,338$243,394$1,050,007
69$2,695,417$490,259$190,727$1,073,970
70$2,907,613$451,545$134,379$1,100,246
71$3,139,476$408,958$74,168$1,129,173
72$3,392,952$362,246$9,902$1,161,129
73$3,670,179$311,142$0$1,196,539
74$3,973,514$255,365$0$1,252,161
75$4,305,553$194,618$0$1,316,239
76$4,669,151$128,586$0$1,386,685
77$5,067,457$56,939$0$1,464,232
78$5,503,934$0$0$1,549,695
79$5,982,399$0$0$1,654,904
80$6,507,055$0$0$1,803,364
81$7,082,531$0$0$1,966,327
82$7,713,926$0$0$2,145,251
83$8,406,856$0$0$2,341,743
84$9,167,507$0$0$2,557,575
85$10,002,694$0$0$2,794,696
86$10,919,924$0$0$3,055,256
87$11,927,464$0$0$3,341,620
88$13,034,426$0$0$3,656,398
89$14,250,844$0$0$4,002,462
90$15,587,775$0$0$4,382,978
91$17,057,398$0$0$4,801,432
92$18,673,131$0$0$5,261,668
93$20,449,760$0$0$5,767,918
94$22,403,572$0$0$6,324,847
95$24,552,513$0$0$6,937,593
96$26,916,355$0$0$7,611,820
97$29,516,883$0$0$8,353,765
98$32,378,098$0$0$9,170,303
99$35,526,449$0$0$10,069,008
100$38,991,073$0$0$11,058,226