Can I retire at age 50 with 707,000?

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 $707,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$58,383$57,863$57,356$56,861$56,377$55,420
2 years$28,903$28,364$27,843$27,337$26,846$25,885
3 years$19,077$18,536$18,016$17,515$17,032$16,097
4 years$14,165$13,626$13,111$12,619$12,148$11,245
5 years$11,219$10,683$10,175$9,692$9,234$8,368
6 years$9,255$8,724$8,223$7,751$7,307$6,477
7 years$7,853$7,326$6,833$6,373$5,942$5,149
8 years$6,802$6,280$5,795$5,346$4,930$4,173
9 years$5,985$5,468$4,991$4,553$4,152$3,431
10 years$5,332$4,819$4,351$3,925$3,537$2,852
11 years$4,798$4,291$3,831$3,416$3,042$2,392
12 years$4,353$3,851$3,400$2,996$2,636$2,020
13 years$3,977$3,480$3,038$2,645$2,299$1,715
14 years$3,655$3,163$2,729$2,348$2,015$1,464
15 years$3,376$2,890$2,464$2,094$1,774$1,254
16 years$3,132$2,651$2,234$1,875$1,568$1,078
17 years$2,917$2,442$2,033$1,685$1,390$929
18 years$2,727$2,256$1,856$1,518$1,236$802
19 years$2,556$2,091$1,699$1,372$1,102$694
20 years$2,403$1,943$1,559$1,243$984$602
21 years$2,264$1,810$1,434$1,128$881$522
22 years$2,139$1,690$1,322$1,025$790$454
23 years$2,024$1,580$1,220$934$709$395
24 years$1,919$1,481$1,129$852$637$344
25 years$1,823$1,389$1,045$778$573$300
26 years$1,734$1,306$970$711$516$262
27 years$1,652$1,229$900$651$466$228
28 years$1,576$1,158$837$596$420$199
29 years$1,505$1,092$779$547$379$174
30 years$1,439$1,032$725$502$343$152
31 years$1,378$975$676$461$310$133
32 years$1,320$923$631$424$280$116
33 years$1,266$874$589$390$254$102
34 years$1,215$828$551$358$230$89
35 years$1,168$786$515$330$208$78
36 years$1,123$746$481$304$188$68
37 years$1,080$708$451$280$171$60
38 years$1,040$673$422$258$155$52
39 years$1,003$640$395$238$140$46
40 years$967$609$371$219$127$40
41 years$932$580$348$203$116$35
42 years$900$552$326$187$105$31
43 years$869$526$306$173$95$27
44 years$840$501$287$159$86$24
45 years$812$478$270$147$78$21
46 years$785$456$253$136$71$18
47 years$760$435$238$126$65$16
48 years$736$415$224$116$59$14
49 years$713$397$210$107$53$12
50 years$690$379$198$99$48$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $707,000, adding $2,938 every year, while hoping to spend $36,216 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: 52/21/27 Blend
49$707,000$707,000$707,000$707,000
50$782,145$744,674$733,715$816,764
51$823,390$742,629$719,761$839,064
52$867,628$739,270$704,126$859,399
53$915,127$734,495$686,714$880,798
54$966,179$728,195$667,428$903,377
55$1,021,106$720,253$646,164$927,265
56$1,080,262$710,548$622,814$952,610
57$1,144,034$698,951$597,263$979,572
58$1,212,849$685,323$569,395$1,008,332
59$1,287,175$669,519$539,085$1,039,094
60$1,367,526$651,385$506,204$1,072,081
61$1,454,469$630,758$470,617$1,107,545
62$1,548,624$607,465$432,182$1,145,763
63$1,650,677$581,323$390,753$1,187,047
64$1,761,377$552,139$346,175$1,231,742
65$1,881,552$519,709$298,286$1,280,232
66$2,012,112$483,816$246,920$1,332,943
67$2,154,056$444,231$191,900$1,390,349
68$2,308,484$400,713$133,044$1,452,977
69$2,476,607$353,006$70,159$1,521,410
70$2,659,758$300,840$3,046$1,596,297
71$2,859,402$243,930$0$1,678,358
72$3,077,153$181,975$0$1,788,144
73$3,314,786$114,655$0$1,909,007
74$3,574,257$41,636$0$2,041,112
75$3,857,716$0$0$2,185,614
76$4,167,533$0$0$2,352,439
77$4,506,316$0$0$2,545,450
78$4,876,936$0$0$2,756,670
79$5,282,555$0$0$2,987,908
80$5,726,654$0$0$3,241,160
81$6,213,068$0$0$3,518,621
82$6,746,019$0$0$3,822,708
83$7,330,155$0$0$4,156,087
84$7,970,599$0$0$4,521,689
85$8,672,991$0$0$4,922,745
86$9,443,542$0$0$5,362,814
87$10,289,096$0$0$5,845,816
88$11,217,189$0$0$6,376,067
89$12,236,123$0$0$6,958,325
90$13,355,044$0$0$7,597,827
91$14,584,027$0$0$8,300,346
92$15,934,169$0$0$9,072,240
93$17,417,697$0$0$9,920,512
94$19,048,079$0$0$10,852,879
95$20,840,153$0$0$11,877,844
96$22,810,269$0$0$13,004,770
97$24,976,435$0$0$14,243,977
98$27,358,495$0$0$15,606,835
99$29,978,311$0$0$17,105,868
100$32,859,970$0$0$18,754,877