Can I retire at age 50 with 705,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $705,000?

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$58,218$57,700$57,194$56,700$56,218$54,201
2 years$28,821$28,284$27,764$27,260$26,770$24,761
3 years$19,023$18,484$17,965$17,465$16,984$15,045
4 years$14,125$13,588$13,074$12,583$12,113$10,258
5 years$11,187$10,653$10,146$9,665$9,208$7,443
6 years$9,229$8,699$8,199$7,729$7,286$5,612
7 years$7,831$7,305$6,814$6,354$5,926$4,342
8 years$6,783$6,262$5,779$5,331$4,916$3,421
9 years$5,968$5,452$4,977$4,541$4,140$2,732
10 years$5,317$4,806$4,339$3,914$3,527$2,204
11 years$4,784$4,278$3,820$3,406$3,034$1,793
12 years$4,341$3,840$3,390$2,988$2,629$1,467
13 years$3,966$3,470$3,029$2,638$2,292$1,206
14 years$3,645$3,154$2,722$2,342$2,010$996
15 years$3,366$2,882$2,457$2,088$1,769$825
16 years$3,123$2,644$2,228$1,870$1,564$685
17 years$2,909$2,435$2,027$1,680$1,387$570
18 years$2,719$2,250$1,851$1,514$1,233$475
19 years$2,549$2,085$1,694$1,368$1,099$397
20 years$2,396$1,938$1,555$1,239$982$332
21 years$2,258$1,805$1,430$1,124$878$277
22 years$2,133$1,685$1,318$1,022$787$232
23 years$2,018$1,576$1,217$931$707$195
24 years$1,914$1,476$1,126$849$635$163
25 years$1,818$1,385$1,042$776$572$137
26 years$1,729$1,302$967$709$515$115
27 years$1,647$1,225$898$649$464$97
28 years$1,571$1,155$835$595$419$81
29 years$1,501$1,089$777$545$378$68
30 years$1,435$1,029$723$501$342$57
31 years$1,374$973$674$460$309$48
32 years$1,316$920$629$422$279$40
33 years$1,263$871$588$388$253$34
34 years$1,212$826$549$357$229$29
35 years$1,164$783$513$329$207$24
36 years$1,120$744$480$303$188$20
37 years$1,077$706$449$279$170$17
38 years$1,037$671$421$257$154$14
39 years$1,000$638$394$237$140$12
40 years$964$607$370$219$127$10
41 years$930$578$347$202$115$8
42 years$898$550$325$186$105$7
43 years$867$524$305$172$95$6
44 years$838$500$286$159$86$5
45 years$810$477$269$147$78$4
46 years$783$455$253$136$71$4
47 years$758$434$237$125$64$3
48 years$734$414$223$116$59$3
49 years$710$396$210$107$53$2
50 years$688$378$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 $705,000, adding $4,590 every year, while hoping to spend $51,404 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: 59/32/9 Blend
49$705,000$705,000$705,000$705,000
50$781,645$744,280$733,352$825,889
51$806,679$726,056$703,226$837,933
52$832,544$705,216$670,368$844,834
53$859,270$681,578$634,632$851,093
54$886,889$654,949$595,865$856,650
55$915,434$625,124$553,909$861,444
56$944,941$591,888$508,598$865,411
57$975,445$555,011$459,756$868,481
58$1,006,986$514,251$407,203$870,582
59$1,039,603$469,354$350,749$871,636
60$1,073,339$420,049$290,196$871,561
61$1,108,239$366,051$225,336$870,273
62$1,144,349$307,057$155,955$867,680
63$1,181,719$242,750$81,826$863,686
64$1,220,401$172,791$2,714$858,192
65$1,260,451$96,826$0$851,089
66$1,301,925$14,480$0$850,115
67$1,344,887$0$0$848,092
68$1,389,402$0$0$870,945
69$1,435,537$0$0$899,921
70$1,483,368$0$0$929,966
71$1,532,972$0$0$961,131
72$1,584,432$0$0$993,468
73$1,637,836$0$0$1,027,035
74$1,693,279$0$0$1,061,890
75$1,750,861$0$0$1,098,099
76$1,810,690$0$0$1,135,730
77$1,872,881$0$0$1,174,857
78$1,937,556$0$0$1,215,557
79$2,004,848$0$0$1,257,917
80$2,074,898$0$0$1,302,026
81$2,147,858$0$0$1,347,981
82$2,223,891$0$0$1,395,889
83$2,303,174$0$0$1,445,860
84$2,385,896$0$0$1,498,019
85$2,472,261$0$0$1,552,494
86$2,562,490$0$0$1,609,429
87$2,656,821$0$0$1,668,977
88$2,755,512$0$0$1,731,303
89$2,858,842$0$0$1,796,588
90$2,967,114$0$0$1,865,025
91$3,080,653$0$0$1,936,826
92$3,199,818$0$0$2,012,221
93$3,324,992$0$0$2,091,457
94$3,456,596$0$0$2,174,806
95$3,595,086$0$0$2,262,563
96$3,740,959$0$0$2,355,047
97$3,894,754$0$0$2,452,608
98$4,057,062$0$0$2,555,627
99$4,228,523$0$0$2,664,519
100$4,409,840$0$0$2,779,737