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%19.6%
1 years$57,971$57,454$56,950$56,459$55,978$53,821
2 years$28,698$28,164$27,646$27,144$26,656$24,509
3 years$18,942$18,405$17,889$17,391$16,912$14,841
4 years$14,065$13,530$13,018$12,529$12,062$10,084
5 years$11,140$10,608$10,103$9,624$9,169$7,290
6 years$9,190$8,662$8,165$7,696$7,255$5,475
7 years$7,798$7,274$6,785$6,327$5,900$4,219
8 years$6,754$6,235$5,754$5,308$4,895$3,311
9 years$5,943$5,429$4,956$4,521$4,122$2,633
10 years$5,294$4,785$4,321$3,897$3,512$2,115
11 years$4,764$4,260$3,804$3,392$3,021$1,712
12 years$4,322$3,824$3,376$2,975$2,618$1,394
13 years$3,949$3,456$3,016$2,627$2,283$1,141
14 years$3,629$3,141$2,710$2,332$2,001$937
15 years$3,352$2,869$2,447$2,079$1,762$773
16 years$3,110$2,633$2,218$1,862$1,557$638
17 years$2,897$2,424$2,019$1,673$1,381$528
18 years$2,707$2,240$1,843$1,508$1,228$438
19 years$2,538$2,076$1,687$1,362$1,094$364
20 years$2,386$1,929$1,548$1,234$977$303
21 years$2,248$1,797$1,424$1,120$875$252
22 years$2,124$1,678$1,312$1,018$784$210
23 years$2,010$1,569$1,212$927$704$175
24 years$1,906$1,470$1,121$846$633$146
25 years$1,810$1,380$1,038$772$569$122
26 years$1,722$1,297$963$706$513$101
27 years$1,640$1,220$894$646$462$85
28 years$1,565$1,150$831$592$417$71
29 years$1,494$1,085$773$543$377$59
30 years$1,429$1,024$720$498$340$49
31 years$1,368$968$672$458$308$41
32 years$1,311$916$627$421$278$34
33 years$1,257$868$585$387$252$29
34 years$1,207$822$547$356$228$24
35 years$1,160$780$511$328$207$20
36 years$1,115$740$478$302$187$17
37 years$1,073$703$447$278$170$14
38 years$1,033$668$419$256$154$12
39 years$995$635$393$236$139$10
40 years$960$605$368$218$126$8
41 years$926$576$345$201$115$7
42 years$894$548$324$186$104$6
43 years$863$522$304$171$94$5
44 years$834$498$285$158$86$4
45 years$806$475$268$146$78$3
46 years$780$453$251$135$71$3
47 years$755$432$236$125$64$2
48 years$731$413$222$115$58$2
49 years$707$394$209$106$53$2
50 years$685$376$196$98$48$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $702,000, adding $2,724 every year, while hoping to spend $34,877 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: 81/12/7 Blend
49$702,000$702,000$702,000$702,000
50$776,414$739,208$728,327$838,530
51$818,499$738,320$715,617$878,691
52$863,708$736,220$701,312$917,852
53$912,323$732,811$685,323$959,771
54$964,653$727,992$667,554$1,004,702
55$1,021,037$721,653$647,907$1,052,929
56$1,081,849$713,681$626,278$1,104,763
57$1,147,499$703,953$602,560$1,160,547
58$1,218,438$692,340$576,639$1,220,659
59$1,295,160$678,705$548,398$1,285,515
60$1,378,209$662,905$517,712$1,355,574
61$1,468,184$644,785$484,453$1,431,341
62$1,565,743$624,183$448,486$1,513,373
63$1,671,608$600,928$409,670$1,602,284
64$1,786,576$574,837$367,857$1,698,751
65$1,911,521$545,718$322,895$1,803,520
66$2,047,405$513,368$274,622$1,917,413
67$2,195,289$477,572$222,870$2,041,336
68$2,356,337$438,101$167,464$2,176,288
69$2,531,831$394,716$108,222$2,323,371
70$2,723,183$347,162$44,953$2,483,798
71$2,931,946$295,171$0$2,658,907
72$3,159,829$238,459$0$2,851,860
73$3,408,713$176,726$0$3,066,290
74$3,680,672$109,655$0$3,300,646
75$3,977,985$36,912$0$3,556,920
76$4,303,162$0$0$3,837,311
77$4,658,970$0$0$4,149,765
78$5,048,453$0$0$4,497,144
79$5,474,961$0$0$4,877,564
80$5,942,188$0$0$5,294,321
81$6,454,199$0$0$5,751,044
82$7,015,471$0$0$6,251,728
83$7,630,936$0$0$6,800,776
84$8,306,024$0$0$7,403,034
85$9,046,718$0$0$8,063,844
86$9,859,608$0$0$8,789,085
87$10,751,952$0$0$9,585,237
88$11,731,744$0$0$10,459,436
89$12,807,793$0$0$11,419,543
90$13,989,800$0$0$12,474,219
91$15,288,454$0$0$13,633,002
92$16,715,528$0$0$14,906,403
93$18,283,996$0$0$16,306,001
94$20,008,146$0$0$17,844,551
95$21,903,725$0$0$19,536,106
96$23,988,077$0$0$21,396,148
97$26,280,313$0$0$23,441,738
98$28,801,489$0$0$25,691,667
99$31,574,803$0$0$28,166,644
100$34,625,816$0$0$30,889,482