Can I retire at age 50 with 708,000?

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 $708,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$58,466$57,945$57,437$56,941$56,457$55,227
2 years$28,944$28,405$27,882$27,376$26,884$25,651
3 years$19,104$18,563$18,042$17,540$17,056$15,859
4 years$14,185$13,646$13,130$12,636$12,165$11,012
5 years$11,235$10,698$10,189$9,706$9,248$8,142
6 years$9,268$8,736$8,234$7,762$7,317$6,261
7 years$7,864$7,336$6,843$6,382$5,951$4,944
8 years$6,812$6,289$5,803$5,353$4,937$3,979
9 years$5,994$5,475$4,998$4,560$4,158$3,248
10 years$5,339$4,826$4,358$3,931$3,542$2,680
11 years$4,805$4,297$3,836$3,421$3,047$2,231
12 years$4,359$3,856$3,405$3,001$2,640$1,869
13 years$3,983$3,485$3,042$2,649$2,302$1,575
14 years$3,660$3,168$2,733$2,351$2,018$1,333
15 years$3,381$2,894$2,468$2,097$1,777$1,132
16 years$3,137$2,655$2,237$1,878$1,570$965
17 years$2,922$2,445$2,036$1,687$1,392$824
18 years$2,730$2,259$1,858$1,520$1,238$706
19 years$2,560$2,094$1,701$1,374$1,104$606
20 years$2,406$1,946$1,561$1,244$986$520
21 years$2,268$1,813$1,436$1,129$882$448
22 years$2,142$1,692$1,324$1,027$791$385
23 years$2,027$1,582$1,222$935$710$332
24 years$1,922$1,483$1,130$853$638$287
25 years$1,825$1,391$1,047$779$574$248
26 years$1,736$1,308$971$712$517$214
27 years$1,654$1,231$902$652$466$185
28 years$1,578$1,160$838$597$421$160
29 years$1,507$1,094$780$548$380$138
30 years$1,441$1,033$727$503$343$120
31 years$1,380$977$677$462$310$104
32 years$1,322$924$632$424$281$90
33 years$1,268$875$590$390$254$78
34 years$1,217$829$551$359$230$67
35 years$1,169$787$515$330$208$58
36 years$1,124$747$482$304$189$51
37 years$1,082$709$451$280$171$44
38 years$1,042$674$423$258$155$38
39 years$1,004$641$396$238$141$33
40 years$968$610$371$220$128$29
41 years$934$580$348$203$116$25
42 years$901$553$326$187$105$21
43 years$871$527$306$173$95$19
44 years$841$502$288$160$87$16
45 years$813$479$270$147$79$14
46 years$787$457$254$136$71$12
47 years$761$436$238$126$65$11
48 years$737$416$224$116$59$9
49 years$714$397$210$107$53$8
50 years$691$380$198$99$49$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $708,000, adding $3,547 every year, while hoping to spend $59,403 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: 68/16/16 Blend
49$708,000$708,000$708,000$708,000
50$783,875$746,351$735,377$833,972
51$800,626$719,718$696,808$841,196
52$817,094$689,788$654,955$841,758
53$833,189$656,339$609,647$840,882
54$848,807$619,133$560,703$838,422
55$863,833$577,918$507,935$834,219
56$878,138$532,429$451,144$828,099
57$891,576$482,387$390,126$819,872
58$903,988$427,495$324,666$809,333
59$915,192$367,439$254,540$796,257
60$924,987$301,889$179,512$780,400
61$933,149$230,496$99,339$761,493
62$939,429$152,888$13,766$739,247
63$943,549$68,678$0$713,344
64$945,201$0$0$696,679
65$944,041$0$0$682,972
66$939,690$0$0$678,941
67$931,725$0$0$672,177
68$919,677$0$0$662,329
69$903,027$0$0$649,007
70$881,199$0$0$631,778
71$853,556$0$0$610,164
72$819,391$0$0$583,635
73$777,923$0$0$551,603
74$728,286$0$0$513,420
75$669,524$0$0$468,367
76$600,576$0$0$415,650
77$520,273$0$0$354,390
78$427,319$0$0$283,617
79$320,285$0$0$202,257
80$197,588$0$0$109,124
81$57,483$0$0$2,908
82$0$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