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%12.1%
1 years$58,383$57,863$57,356$56,861$56,377$55,881
2 years$28,903$28,364$27,843$27,337$26,846$26,347
3 years$19,077$18,536$18,016$17,515$17,032$16,545
4 years$14,165$13,626$13,111$12,619$12,148$11,675
5 years$11,219$10,683$10,175$9,692$9,234$8,779
6 years$9,255$8,724$8,223$7,751$7,307$6,869
7 years$7,853$7,326$6,833$6,373$5,942$5,522
8 years$6,802$6,280$5,795$5,346$4,930$4,527
9 years$5,985$5,468$4,991$4,553$4,152$3,766
10 years$5,332$4,819$4,351$3,925$3,537$3,169
11 years$4,798$4,291$3,831$3,416$3,042$2,691
12 years$4,353$3,851$3,400$2,996$2,636$2,302
13 years$3,977$3,480$3,038$2,645$2,299$1,980
14 years$3,655$3,163$2,729$2,348$2,015$1,712
15 years$3,376$2,890$2,464$2,094$1,774$1,487
16 years$3,132$2,651$2,234$1,875$1,568$1,296
17 years$2,917$2,442$2,033$1,685$1,390$1,132
18 years$2,727$2,256$1,856$1,518$1,236$992
19 years$2,556$2,091$1,699$1,372$1,102$871
20 years$2,403$1,943$1,559$1,243$984$767
21 years$2,264$1,810$1,434$1,128$881$676
22 years$2,139$1,690$1,322$1,025$790$596
23 years$2,024$1,580$1,220$934$709$527
24 years$1,919$1,481$1,129$852$637$466
25 years$1,823$1,389$1,045$778$573$413
26 years$1,734$1,306$970$711$516$366
27 years$1,652$1,229$900$651$466$324
28 years$1,576$1,158$837$596$420$288
29 years$1,505$1,092$779$547$379$256
30 years$1,439$1,032$725$502$343$227
31 years$1,378$975$676$461$310$202
32 years$1,320$923$631$424$280$179
33 years$1,266$874$589$390$254$160
34 years$1,215$828$551$358$230$142
35 years$1,168$786$515$330$208$126
36 years$1,123$746$481$304$188$113
37 years$1,080$708$451$280$171$100
38 years$1,040$673$422$258$155$89
39 years$1,003$640$395$238$140$80
40 years$967$609$371$219$127$71
41 years$932$580$348$203$116$63
42 years$900$552$326$187$105$56
43 years$869$526$306$173$95$50
44 years$840$501$287$159$86$45
45 years$812$478$270$147$78$40
46 years$785$456$253$136$71$36
47 years$760$435$238$126$65$32
48 years$736$415$224$116$59$28
49 years$713$397$210$107$53$25
50 years$690$379$198$99$48$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $707,000, adding $5,260 every year, while hoping to spend $59,027 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: 61/29/10 Blend
49$707,000$707,000$707,000$707,000
50$784,540$747,069$736,110$830,293
51$801,758$720,871$697,966$835,399
52$818,755$691,411$656,565$833,742
53$835,445$658,467$611,737$830,469
54$851,732$621,803$563,302$825,427
55$867,509$581,172$511,073$818,447
56$882,656$536,311$454,855$809,351
57$897,038$486,941$394,443$797,940
58$910,504$432,769$329,625$784,003
59$922,885$373,484$260,177$767,310
60$933,994$308,759$185,867$747,610
61$943,620$238,247$106,453$724,632
62$951,531$161,583$21,680$698,081
63$957,465$78,379$0$667,639
64$961,135$0$0$640,298
65$962,219$0$0$615,044
66$960,359$0$0$612,792
67$955,159$0$0$608,264
68$946,179$0$0$601,162
69$932,931$0$0$591,159
70$914,875$0$0$577,888
71$891,411$0$0$560,946
72$861,875$0$0$539,885
73$825,531$0$0$514,210
74$781,567$0$0$483,374
75$729,081$0$0$446,768
76$667,077$0$0$403,723
77$594,453$0$0$353,495
78$509,990$0$0$295,265
79$412,341$0$0$228,126
80$300,018$0$0$151,075
81$171,374$0$0$63,004
82$24,593$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0