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%17.5%
1 years$58,136$57,618$57,113$56,619$56,138$54,428
2 years$28,780$28,244$27,725$27,221$26,732$25,024
3 years$18,996$18,458$17,940$17,441$16,960$15,308
4 years$14,105$13,568$13,055$12,565$12,096$10,512
5 years$11,171$10,638$10,132$9,651$9,195$7,683
6 years$9,216$8,687$8,188$7,718$7,276$5,838
7 years$7,820$7,295$6,804$6,345$5,917$4,553
8 years$6,773$6,253$5,770$5,323$4,909$3,617
9 years$5,960$5,444$4,970$4,534$4,134$2,914
10 years$5,309$4,799$4,333$3,908$3,522$2,372
11 years$4,777$4,272$3,815$3,401$3,029$1,946
12 years$4,335$3,835$3,385$2,984$2,625$1,607
13 years$3,960$3,465$3,025$2,634$2,289$1,334
14 years$3,639$3,150$2,718$2,338$2,007$1,113
15 years$3,362$2,877$2,454$2,085$1,767$931
16 years$3,119$2,640$2,225$1,867$1,562$781
17 years$2,905$2,431$2,024$1,678$1,385$656
18 years$2,715$2,247$1,848$1,512$1,231$553
19 years$2,545$2,082$1,692$1,366$1,097$467
20 years$2,393$1,935$1,553$1,237$980$394
21 years$2,255$1,802$1,428$1,123$877$333
22 years$2,130$1,682$1,316$1,021$786$282
23 years$2,015$1,573$1,215$930$706$239
24 years$1,911$1,474$1,124$848$634$203
25 years$1,815$1,384$1,041$774$571$172
26 years$1,727$1,300$965$708$514$146
27 years$1,645$1,224$897$648$464$124
28 years$1,569$1,153$833$594$418$105
29 years$1,499$1,088$776$545$378$90
30 years$1,433$1,027$722$500$341$76
31 years$1,372$971$673$459$309$65
32 years$1,314$919$628$422$279$55
33 years$1,261$870$587$388$253$47
34 years$1,210$825$548$357$229$40
35 years$1,163$782$513$329$207$34
36 years$1,118$743$479$303$188$29
37 years$1,076$705$449$279$170$24
38 years$1,036$670$420$257$154$21
39 years$998$637$394$237$140$18
40 years$962$606$369$219$127$15
41 years$929$577$346$202$115$13
42 years$896$550$325$186$104$11
43 years$866$524$305$172$95$9
44 years$836$499$286$159$86$8
45 years$809$476$268$146$78$7
46 years$782$454$252$135$71$6
47 years$757$433$237$125$64$5
48 years$733$414$223$116$58$4
49 years$709$395$209$107$53$4
50 years$687$377$197$99$48$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $704,000, adding $2,696 every year, while hoping to spend $53,052 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: 53/32/15 Blend
49$704,000$704,000$704,000$704,000
50$778,589$741,277$730,365$816,591
51$801,558$721,153$698,385$822,722
52$825,092$698,264$663,556$823,517
53$849,192$672,420$625,726$823,191
54$873,859$643,418$584,737$821,649
55$899,090$611,043$540,423$818,794
56$924,882$575,068$492,612$814,521
57$951,228$535,255$441,123$808,717
58$978,120$491,349$385,767$801,264
59$1,005,546$443,083$326,348$792,034
60$1,033,490$390,172$262,659$780,891
61$1,061,934$332,319$194,486$767,691
62$1,090,855$269,206$121,605$752,280
63$1,120,225$200,499$43,781$734,492
64$1,150,010$125,847$0$714,154
65$1,180,173$44,875$0$697,362
66$1,210,667$0$0$685,518
67$1,241,441$0$0$686,512
68$1,272,433$0$0$703,399
69$1,303,573$0$0$720,334
70$1,334,783$0$0$737,269
71$1,365,970$0$0$754,152
72$1,397,033$0$0$770,919
73$1,427,853$0$0$787,501
74$1,458,300$0$0$803,820
75$1,488,223$0$0$819,788
76$1,517,455$0$0$835,305
77$1,545,809$0$0$850,259
78$1,573,072$0$0$864,526
79$1,599,007$0$0$877,965
80$1,623,351$0$0$890,421
81$1,645,808$0$0$901,719
82$1,666,046$0$0$911,664
83$1,683,698$0$0$920,040
84$1,698,354$0$0$926,604
85$1,709,556$0$0$931,089
86$1,716,798$0$0$933,195
87$1,719,513$0$0$932,592
88$1,717,075$0$0$928,909
89$1,708,786$0$0$921,738
90$1,693,874$0$0$910,625
91$1,671,481$0$0$895,067
92$1,640,655$0$0$874,506
93$1,600,345$0$0$848,324
94$1,549,381$0$0$815,837
95$1,486,472$0$0$776,288
96$1,410,186$0$0$728,838
97$1,318,940$0$0$672,559
98$1,210,981$0$0$606,424
99$1,084,373$0$0$529,300
100$936,971$0$0$439,932