Can I retire at age 50 with 708,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%16%
1 years$58,466$57,945$57,437$56,941$56,457$55,070
2 years$28,944$28,405$27,882$27,376$26,884$25,495
3 years$19,104$18,563$18,042$17,540$17,056$15,709
4 years$14,185$13,646$13,130$12,636$12,165$10,869
5 years$11,235$10,698$10,189$9,706$9,248$8,008
6 years$9,268$8,736$8,234$7,762$7,317$6,134
7 years$7,864$7,336$6,843$6,382$5,951$4,825
8 years$6,812$6,289$5,803$5,353$4,937$3,867
9 years$5,994$5,475$4,998$4,560$4,158$3,144
10 years$5,339$4,826$4,358$3,931$3,542$2,583
11 years$4,805$4,297$3,836$3,421$3,047$2,140
12 years$4,359$3,856$3,405$3,001$2,640$1,785
13 years$3,983$3,485$3,042$2,649$2,302$1,497
14 years$3,660$3,168$2,733$2,351$2,018$1,261
15 years$3,381$2,894$2,468$2,097$1,777$1,066
16 years$3,137$2,655$2,237$1,878$1,570$904
17 years$2,922$2,445$2,036$1,687$1,392$768
18 years$2,730$2,259$1,858$1,520$1,238$654
19 years$2,560$2,094$1,701$1,374$1,104$558
20 years$2,406$1,946$1,561$1,244$986$477
21 years$2,268$1,813$1,436$1,129$882$408
22 years$2,142$1,692$1,324$1,027$791$350
23 years$2,027$1,582$1,222$935$710$300
24 years$1,922$1,483$1,130$853$638$257
25 years$1,825$1,391$1,047$779$574$221
26 years$1,736$1,308$971$712$517$190
27 years$1,654$1,231$902$652$466$163
28 years$1,578$1,160$838$597$421$140
29 years$1,507$1,094$780$548$380$121
30 years$1,441$1,033$727$503$343$104
31 years$1,380$977$677$462$310$89
32 years$1,322$924$632$424$281$77
33 years$1,268$875$590$390$254$66
34 years$1,217$829$551$359$230$57
35 years$1,169$787$515$330$208$49
36 years$1,124$747$482$304$189$42
37 years$1,082$709$451$280$171$36
38 years$1,042$674$423$258$155$31
39 years$1,004$641$396$238$141$27
40 years$968$610$371$220$128$23
41 years$934$580$348$203$116$20
42 years$901$553$326$187$105$17
43 years$871$527$306$173$95$15
44 years$841$502$288$160$87$13
45 years$813$479$270$147$79$11
46 years$787$457$254$136$71$10
47 years$761$436$238$126$65$8
48 years$737$416$224$116$59$7
49 years$714$397$210$107$53$6
50 years$691$380$198$99$49$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $708,000, adding $5,856 every year, while hoping to spend $54,311 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: 60/20/20 Blend
49$708,000$708,000$708,000$708,000
50$786,256$748,732$737,758$828,982
51$808,668$727,634$704,687$837,498
52$831,546$703,681$668,687$840,299
53$854,879$676,677$629,604$842,129
54$878,655$646,413$587,274$842,902
55$902,859$612,669$541,529$842,526
56$927,471$575,210$492,191$840,902
57$952,468$533,790$439,074$837,926
58$977,822$488,148$381,985$833,484
59$1,003,501$438,008$320,722$827,456
60$1,029,465$383,078$255,074$819,712
61$1,055,672$323,050$184,821$810,112
62$1,082,070$257,599$109,731$798,506
63$1,108,600$186,380$29,566$784,735
64$1,135,195$109,030$0$768,626
65$1,161,779$25,167$0$761,941
66$1,188,264$0$0$760,044
67$1,214,552$0$0$770,905
68$1,240,532$0$0$787,070
69$1,266,078$0$0$802,916
70$1,291,048$0$0$818,348
71$1,315,283$0$0$833,261
72$1,338,607$0$0$847,535
73$1,360,817$0$0$861,038
74$1,381,692$0$0$873,621
75$1,400,982$0$0$885,116
76$1,418,407$0$0$895,340
77$1,433,657$0$0$904,084
78$1,446,385$0$0$911,119
79$1,456,207$0$0$916,188
80$1,462,692$0$0$919,006
81$1,465,365$0$0$919,258
82$1,463,695$0$0$916,589
83$1,457,093$0$0$910,611
84$1,444,907$0$0$900,890
85$1,426,413$0$0$886,946
86$1,400,807$0$0$868,245
87$1,367,200$0$0$844,198
88$1,324,606$0$0$814,151
89$1,271,932$0$0$777,381
90$1,207,971$0$0$733,085
91$1,131,384$0$0$680,379
92$1,040,691$0$0$618,281
93$934,256$0$0$545,706
94$810,268$0$0$461,457
95$666,726$0$0$364,206
96$501,418$0$0$252,490
97$311,898$0$0$124,690
98$95,467$0$0$0
99$0$0$0$0
100$0$0$0$0