Can I retire at age 50 with 705,000?

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 $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%11.4%
1 years$58,218$57,700$57,194$56,700$56,218$55,887
2 years$28,821$28,284$27,764$27,260$26,770$26,437
3 years$19,023$18,484$17,965$17,465$16,984$16,658
4 years$14,125$13,588$13,074$12,583$12,113$11,797
5 years$11,187$10,653$10,146$9,665$9,208$8,903
6 years$9,229$8,699$8,199$7,729$7,286$6,992
7 years$7,831$7,305$6,814$6,354$5,926$5,643
8 years$6,783$6,262$5,779$5,331$4,916$4,644
9 years$5,968$5,452$4,977$4,541$4,140$3,880
10 years$5,317$4,806$4,339$3,914$3,527$3,278
11 years$4,784$4,278$3,820$3,406$3,034$2,796
12 years$4,341$3,840$3,390$2,988$2,629$2,402
13 years$3,966$3,470$3,029$2,638$2,292$2,076
14 years$3,645$3,154$2,722$2,342$2,010$1,803
15 years$3,366$2,882$2,457$2,088$1,769$1,573
16 years$3,123$2,644$2,228$1,870$1,564$1,377
17 years$2,909$2,435$2,027$1,680$1,387$1,210
18 years$2,719$2,250$1,851$1,514$1,233$1,065
19 years$2,549$2,085$1,694$1,368$1,099$940
20 years$2,396$1,938$1,555$1,239$982$831
21 years$2,258$1,805$1,430$1,124$878$736
22 years$2,133$1,685$1,318$1,022$787$653
23 years$2,018$1,576$1,217$931$707$580
24 years$1,914$1,476$1,126$849$635$516
25 years$1,818$1,385$1,042$776$572$460
26 years$1,729$1,302$967$709$515$409
27 years$1,647$1,225$898$649$464$365
28 years$1,571$1,155$835$595$419$326
29 years$1,501$1,089$777$545$378$291
30 years$1,435$1,029$723$501$342$260
31 years$1,374$973$674$460$309$232
32 years$1,316$920$629$422$279$208
33 years$1,263$871$588$388$253$186
34 years$1,212$826$549$357$229$166
35 years$1,164$783$513$329$207$149
36 years$1,120$744$480$303$188$133
37 years$1,077$706$449$279$170$120
38 years$1,037$671$421$257$154$107
39 years$1,000$638$394$237$140$96
40 years$964$607$370$219$127$86
41 years$930$578$347$202$115$77
42 years$898$550$325$186$105$69
43 years$867$524$305$172$95$62
44 years$838$500$286$159$86$56
45 years$810$477$269$147$78$50
46 years$783$455$253$136$71$45
47 years$758$434$237$125$64$40
48 years$734$414$223$116$59$36
49 years$710$396$210$107$53$32
50 years$688$378$197$99$48$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $705,000, adding $5,779 every year, while hoping to spend $32,839 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: 76/12/12 Blend
49$705,000$705,000$705,000$705,000
50$782,871$745,506$734,579$840,096
51$827,783$747,095$724,246$880,205
52$876,176$747,662$712,468$919,442
53$928,370$747,121$699,159$961,536
54$984,716$745,383$684,233$1,006,759
55$1,045,602$742,351$667,600$1,055,413
56$1,111,452$737,925$649,163$1,107,829
57$1,182,733$731,997$628,823$1,164,373
58$1,259,960$724,452$606,477$1,225,446
59$1,343,696$715,170$582,014$1,291,494
60$1,434,563$704,023$555,321$1,363,006
61$1,533,243$690,875$526,279$1,440,523
62$1,640,487$675,582$494,763$1,524,640
63$1,757,123$657,991$460,643$1,616,014
64$1,884,058$637,941$423,784$1,715,369
65$2,022,294$615,262$384,042$1,823,505
66$2,172,930$589,773$341,270$1,941,301
67$2,337,179$561,282$295,313$2,069,730
68$2,516,374$529,587$246,008$2,209,862
69$2,711,981$494,474$193,187$2,362,880
70$2,925,617$455,717$136,672$2,530,085
71$3,159,060$413,077$76,281$2,712,914
72$3,414,268$366,301$11,820$2,912,952
73$3,693,395$315,123$0$3,131,945
74$3,998,817$259,258$0$3,379,115
75$4,333,145$198,411$0$3,651,379
76$4,699,257$132,265$0$3,949,595
77$5,100,324$60,488$0$4,276,373
78$5,539,834$0$0$4,634,593
79$6,021,631$0$0$5,029,707
80$6,549,948$0$0$5,471,758
81$7,129,449$0$0$5,956,661
82$7,765,268$0$0$6,488,719
83$8,463,062$0$0$7,072,667
84$9,229,061$0$0$7,713,725
85$10,070,129$0$0$8,417,639
86$10,993,828$0$0$9,190,741
87$12,008,484$0$0$10,040,007
88$13,123,274$0$0$10,973,120
89$14,348,306$0$0$11,998,544
90$15,694,713$0$0$13,125,607
91$17,174,766$0$0$14,364,581
92$18,801,978$0$0$15,726,785
93$20,591,240$0$0$17,224,690
94$22,558,958$0$0$18,872,036
95$24,723,207$0$0$20,683,959
96$27,103,901$0$0$22,677,138
97$29,722,982$0$0$24,869,949
98$32,604,626$0$0$27,282,638
99$35,775,469$0$0$29,937,514
100$39,264,861$0$0$32,859,158