Can I retire at age 50 with 703,000?

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 $703,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$58,053$57,536$57,031$56,539$56,058$54,881
2 years$28,739$28,204$27,685$27,182$26,694$25,514
3 years$18,969$18,432$17,914$17,416$16,936$15,790
4 years$14,085$13,549$13,037$12,547$12,079$10,975
5 years$11,155$10,623$10,117$9,637$9,182$8,124
6 years$9,203$8,674$8,176$7,707$7,266$6,254
7 years$7,809$7,285$6,794$6,336$5,909$4,944
8 years$6,764$6,244$5,762$5,316$4,902$3,983
9 years$5,951$5,437$4,963$4,528$4,128$3,256
10 years$5,302$4,792$4,327$3,903$3,517$2,690
11 years$4,771$4,266$3,809$3,397$3,025$2,242
12 years$4,328$3,829$3,381$2,979$2,621$1,881
13 years$3,954$3,460$3,020$2,630$2,286$1,587
14 years$3,634$3,145$2,714$2,335$2,004$1,345
15 years$3,357$2,873$2,450$2,082$1,764$1,144
16 years$3,115$2,636$2,221$1,864$1,559$976
17 years$2,901$2,428$2,021$1,675$1,383$835
18 years$2,711$2,244$1,845$1,510$1,229$716
19 years$2,542$2,079$1,689$1,364$1,096$615
20 years$2,389$1,932$1,550$1,236$979$529
21 years$2,252$1,800$1,426$1,121$876$456
22 years$2,127$1,680$1,314$1,020$785$393
23 years$2,013$1,571$1,214$928$705$340
24 years$1,908$1,472$1,122$847$633$294
25 years$1,812$1,382$1,039$773$570$254
26 years$1,724$1,298$964$707$513$220
27 years$1,643$1,222$895$647$463$190
28 years$1,567$1,151$832$593$418$165
29 years$1,497$1,086$774$544$377$143
30 years$1,431$1,026$721$499$341$124
31 years$1,370$970$673$458$308$107
32 years$1,313$918$627$421$279$93
33 years$1,259$869$586$387$252$81
34 years$1,209$824$547$356$228$70
35 years$1,161$781$512$328$207$61
36 years$1,117$741$479$302$187$53
37 years$1,074$704$448$278$170$46
38 years$1,035$669$420$257$154$40
39 years$997$636$393$237$140$35
40 years$961$605$369$218$127$30
41 years$927$576$346$201$115$26
42 years$895$549$324$186$104$23
43 years$864$523$304$172$95$20
44 years$835$499$286$158$86$17
45 years$807$475$268$146$78$15
46 years$781$454$252$135$71$13
47 years$756$433$237$125$64$11
48 years$732$413$222$115$58$10
49 years$708$395$209$107$53$8
50 years$686$377$196$99$48$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $703,000, adding $2,382 every year, while hoping to spend $28,001 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: 81/7/12 Blend
49$703,000$703,000$703,000$703,000
50$777,163$739,904$729,008$838,233
51$826,641$746,366$723,636$885,111
52$880,227$752,207$717,147$932,651
53$938,311$757,366$709,472$984,012
54$1,001,320$761,779$700,541$1,039,562
55$1,069,727$765,378$690,282$1,099,708
56$1,144,049$768,091$678,616$1,164,898
57$1,224,856$769,842$665,463$1,235,623
58$1,312,775$770,547$650,740$1,312,429
59$1,408,495$770,122$634,357$1,395,913
60$1,512,776$768,472$616,222$1,486,734
61$1,626,453$765,501$596,240$1,585,620
62$1,750,446$761,105$574,308$1,693,371
63$1,885,765$755,173$550,322$1,810,869
64$2,033,526$747,590$524,170$1,939,085
65$2,194,954$738,230$495,738$2,079,092
66$2,371,399$726,962$464,904$2,232,069
67$2,564,346$713,648$431,544$2,399,318
68$2,775,433$698,141$395,524$2,582,271
69$3,006,461$680,283$356,708$2,782,509
70$3,259,413$659,910$314,951$3,001,772
71$3,536,475$636,848$270,103$3,241,980
72$3,840,052$610,910$222,008$3,505,247
73$4,172,794$581,901$170,502$3,793,903
74$4,537,619$549,614$115,414$4,110,517
75$4,937,741$513,830$56,565$4,457,921
76$5,376,699$474,317$0$4,839,232
77$5,858,394$430,830$0$5,258,690
78$6,387,120$383,110$0$5,727,066
79$6,967,607$330,883$0$6,241,312
80$7,605,068$273,861$0$6,806,059
81$8,305,243$211,738$0$7,426,409
82$9,074,456$144,192$0$8,107,984
83$9,919,674$70,881$0$8,856,976
84$10,848,573$0$0$9,680,210
85$11,869,608$0$0$10,585,866
86$12,992,094$0$0$11,587,531
87$14,226,296$0$0$12,688,905
88$15,583,519$0$0$13,900,083
89$17,076,223$0$0$15,232,183
90$18,718,133$0$0$16,697,457
91$20,524,373$0$0$18,309,404
92$22,511,603$0$0$20,082,898
93$24,698,185$0$0$22,034,324
94$27,104,345$0$0$24,181,740
95$29,752,372$0$0$26,545,040
96$32,666,824$0$0$29,146,144
97$35,874,762$0$0$32,009,206
98$39,406,000$0$0$35,160,841
99$43,293,394$0$0$38,630,373
100$47,573,143$0$0$42,450,116