Can I retire at age 50 with 704,000?

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 $704,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$58,136$57,618$57,113$56,619$56,138$54,125
2 years$28,780$28,244$27,725$27,221$26,732$24,726
3 years$18,996$18,458$17,940$17,441$16,960$15,023
4 years$14,105$13,568$13,055$12,565$12,096$10,244
5 years$11,171$10,638$10,132$9,651$9,195$7,432
6 years$9,216$8,687$8,188$7,718$7,276$5,604
7 years$7,820$7,295$6,804$6,345$5,917$4,335
8 years$6,773$6,253$5,770$5,323$4,909$3,416
9 years$5,960$5,444$4,970$4,534$4,134$2,728
10 years$5,309$4,799$4,333$3,908$3,522$2,201
11 years$4,777$4,272$3,815$3,401$3,029$1,790
12 years$4,335$3,835$3,385$2,984$2,625$1,465
13 years$3,960$3,465$3,025$2,634$2,289$1,205
14 years$3,639$3,150$2,718$2,338$2,007$994
15 years$3,362$2,877$2,454$2,085$1,767$824
16 years$3,119$2,640$2,225$1,867$1,562$684
17 years$2,905$2,431$2,024$1,678$1,385$569
18 years$2,715$2,247$1,848$1,512$1,231$475
19 years$2,545$2,082$1,692$1,366$1,097$396
20 years$2,393$1,935$1,553$1,237$980$331
21 years$2,255$1,802$1,428$1,123$877$277
22 years$2,130$1,682$1,316$1,021$786$232
23 years$2,015$1,573$1,215$930$706$194
24 years$1,911$1,474$1,124$848$634$163
25 years$1,815$1,384$1,041$774$571$137
26 years$1,727$1,300$965$708$514$115
27 years$1,645$1,224$897$648$464$96
28 years$1,569$1,153$833$594$418$81
29 years$1,499$1,088$776$545$378$68
30 years$1,433$1,027$722$500$341$57
31 years$1,372$971$673$459$309$48
32 years$1,314$919$628$422$279$40
33 years$1,261$870$587$388$253$34
34 years$1,210$825$548$357$229$29
35 years$1,163$782$513$329$207$24
36 years$1,118$743$479$303$188$20
37 years$1,076$705$449$279$170$17
38 years$1,036$670$420$257$154$14
39 years$998$637$394$237$140$12
40 years$962$606$369$219$127$10
41 years$929$577$346$202$115$8
42 years$896$550$325$186$104$7
43 years$866$524$305$172$95$6
44 years$836$499$286$159$86$5
45 years$809$476$268$146$78$4
46 years$782$454$252$135$71$4
47 years$757$433$237$125$64$3
48 years$733$414$223$116$58$3
49 years$709$395$209$107$53$2
50 years$687$377$197$99$48$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $704,000, adding $5,258 every year, while hoping to spend $48,065 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: 66/8/26 Blend
49$704,000$704,000$704,000$704,000
50$781,232$743,920$733,008$827,168
51$809,776$729,231$706,423$844,075
52$839,622$712,211$677,336$856,667
53$870,850$692,696$645,613$869,351
54$903,549$670,511$611,114$882,139
55$937,816$645,471$573,691$895,045
56$973,754$617,380$533,190$908,089
57$1,011,477$586,031$489,452$921,292
58$1,051,106$551,206$442,308$934,681
59$1,092,777$512,673$391,583$948,284
60$1,136,633$470,187$337,094$962,140
61$1,182,834$423,490$278,650$976,289
62$1,231,550$372,307$216,052$990,781
63$1,282,969$316,351$149,091$1,005,671
64$1,337,295$255,316$77,549$1,021,025
65$1,394,752$188,880$1,200$1,036,916
66$1,455,583$116,701$0$1,053,430
67$1,520,053$38,420$0$1,092,933
68$1,588,453$0$0$1,135,070
69$1,661,101$0$0$1,183,781
70$1,738,343$0$0$1,239,194
71$1,820,561$0$0$1,298,200
72$1,908,169$0$0$1,361,102
73$2,001,623$0$0$1,428,231
74$2,101,422$0$0$1,499,948
75$2,208,113$0$0$1,576,650
76$2,322,296$0$0$1,658,773
77$2,444,628$0$0$1,746,793
78$2,575,829$0$0$1,841,235
79$2,716,691$0$0$1,942,671
80$2,868,082$0$0$2,051,734
81$3,030,955$0$0$2,169,115
82$3,206,356$0$0$2,295,574
83$3,395,435$0$0$2,431,946
84$3,599,454$0$0$2,579,148
85$3,819,800$0$0$2,738,188
86$4,057,997$0$0$2,910,172
87$4,315,720$0$0$3,096,319
88$4,594,811$0$0$3,297,966
89$4,897,294$0$0$3,516,584
90$5,225,396$0$0$3,753,792
91$5,581,564$0$0$4,011,367
92$5,968,492$0$0$4,291,269
93$6,389,140$0$0$4,595,648
94$6,846,769$0$0$4,926,875
95$7,344,963$0$0$5,287,554
96$7,887,666$0$0$5,680,554
97$8,479,222$0$0$6,109,031
98$9,124,407$0$0$6,576,457
99$9,828,481$0$0$7,086,657
100$10,597,231$0$0$7,643,838