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%14.3%
1 years$58,383$57,863$57,356$56,861$56,377$55,375
2 years$28,903$28,364$27,843$27,337$26,846$25,840
3 years$19,077$18,536$18,016$17,515$17,032$16,053
4 years$14,165$13,626$13,111$12,619$12,148$11,203
5 years$11,219$10,683$10,175$9,692$9,234$8,328
6 years$9,255$8,724$8,223$7,751$7,307$6,439
7 years$7,853$7,326$6,833$6,373$5,942$5,113
8 years$6,802$6,280$5,795$5,346$4,930$4,139
9 years$5,985$5,468$4,991$4,553$4,152$3,399
10 years$5,332$4,819$4,351$3,925$3,537$2,822
11 years$4,798$4,291$3,831$3,416$3,042$2,364
12 years$4,353$3,851$3,400$2,996$2,636$1,993
13 years$3,977$3,480$3,038$2,645$2,299$1,691
14 years$3,655$3,163$2,729$2,348$2,015$1,441
15 years$3,376$2,890$2,464$2,094$1,774$1,232
16 years$3,132$2,651$2,234$1,875$1,568$1,058
17 years$2,917$2,442$2,033$1,685$1,390$910
18 years$2,727$2,256$1,856$1,518$1,236$785
19 years$2,556$2,091$1,699$1,372$1,102$678
20 years$2,403$1,943$1,559$1,243$984$587
21 years$2,264$1,810$1,434$1,128$881$509
22 years$2,139$1,690$1,322$1,025$790$442
23 years$2,024$1,580$1,220$934$709$384
24 years$1,919$1,481$1,129$852$637$334
25 years$1,823$1,389$1,045$778$573$290
26 years$1,734$1,306$970$711$516$253
27 years$1,652$1,229$900$651$466$220
28 years$1,576$1,158$837$596$420$192
29 years$1,505$1,092$779$547$379$168
30 years$1,439$1,032$725$502$343$146
31 years$1,378$975$676$461$310$128
32 years$1,320$923$631$424$280$111
33 years$1,266$874$589$390$254$97
34 years$1,215$828$551$358$230$85
35 years$1,168$786$515$330$208$74
36 years$1,123$746$481$304$188$65
37 years$1,080$708$451$280$171$57
38 years$1,040$673$422$258$155$50
39 years$1,003$640$395$238$140$43
40 years$967$609$371$219$127$38
41 years$932$580$348$203$116$33
42 years$900$552$326$187$105$29
43 years$869$526$306$173$95$25
44 years$840$501$287$159$86$22
45 years$812$478$270$147$78$19
46 years$785$456$253$136$71$17
47 years$760$435$238$126$65$15
48 years$736$415$224$116$59$13
49 years$713$397$210$107$53$11
50 years$690$379$198$99$48$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $707,000, adding $3,820 every year, while hoping to spend $40,108 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: 60/24/16 Blend
49$707,000$707,000$707,000$707,000
50$783,054$745,583$734,625$826,633
51$820,251$739,442$716,560$850,345
52$859,898$731,656$696,546$871,395
53$902,202$722,102$674,475$893,420
54$947,391$710,649$650,234$916,519
55$995,714$697,160$623,706$940,803
56$1,047,444$681,488$594,767$966,395
57$1,102,881$663,478$563,289$993,433
58$1,162,353$642,967$529,138$1,022,072
59$1,226,221$619,780$492,172$1,052,482
60$1,294,881$593,735$452,245$1,084,855
61$1,368,767$564,636$409,203$1,119,405
62$1,448,356$532,278$362,887$1,156,367
63$1,534,173$496,444$313,128$1,196,008
64$1,626,792$456,904$259,752$1,238,620
65$1,726,847$413,415$202,576$1,284,530
66$1,835,033$365,719$141,409$1,334,103
67$1,952,113$313,546$76,053$1,387,741
68$2,078,927$256,608$6,299$1,445,895
69$2,216,399$194,603$0$1,509,061
70$2,365,543$127,211$0$1,589,428
71$2,527,477$54,093$0$1,677,880
72$2,703,429$0$0$1,774,062
73$2,894,750$0$0$1,885,404
74$3,102,925$0$0$2,022,149
75$3,329,592$0$0$2,171,091
76$3,576,549$0$0$2,333,420
77$3,845,776$0$0$2,510,444
78$4,139,454$0$0$2,703,604
79$4,459,981$0$0$2,914,485
80$4,809,999$0$0$3,144,831
81$5,192,414$0$0$3,396,564
82$5,610,427$0$0$3,671,800
83$6,067,561$0$0$3,972,866
84$6,567,697$0$0$4,302,327
85$7,115,106$0$0$4,663,006
86$7,714,491$0$0$5,058,013
87$8,371,034$0$0$5,490,770
88$9,090,439$0$0$5,965,050
89$9,878,988$0$0$6,485,003
90$10,743,601$0$0$7,055,206
91$11,691,898$0$0$7,680,693
92$12,732,274$0$0$8,367,015
93$13,873,974$0$0$9,120,283
94$15,127,182$0$0$9,947,229
95$16,503,117$0$0$10,855,268
96$18,014,135$0$0$11,852,571
97$19,673,849$0$0$12,948,135
98$21,497,256$0$0$14,151,875
99$23,500,876$0$0$15,474,712
100$25,702,908$0$0$16,928,677