Can I retire at age 50 with 709,000?

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 $709,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$58,549$58,027$57,518$57,022$56,537$55,440
2 years$28,984$28,445$27,921$27,414$26,922$25,822
3 years$19,131$18,589$18,067$17,565$17,081$16,011
4 years$14,205$13,665$13,148$12,654$12,182$11,151
5 years$11,251$10,713$10,204$9,720$9,261$8,272
6 years$9,281$8,748$8,246$7,773$7,328$6,381
7 years$7,875$7,347$6,852$6,391$5,959$5,056
8 years$6,821$6,298$5,811$5,361$4,944$4,084
9 years$6,002$5,483$5,005$4,566$4,163$3,345
10 years$5,347$4,833$4,364$3,936$3,547$2,771
11 years$4,811$4,303$3,842$3,426$3,051$2,315
12 years$4,365$3,862$3,410$3,005$2,644$1,947
13 years$3,988$3,490$3,046$2,653$2,305$1,647
14 years$3,665$3,172$2,737$2,355$2,021$1,400
15 years$3,386$2,898$2,471$2,100$1,779$1,194
16 years$3,141$2,659$2,240$1,880$1,573$1,022
17 years$2,926$2,449$2,039$1,690$1,394$877
18 years$2,734$2,263$1,861$1,523$1,240$754
19 years$2,563$2,097$1,704$1,376$1,105$650
20 years$2,410$1,949$1,564$1,246$987$561
21 years$2,271$1,815$1,438$1,131$883$485
22 years$2,145$1,694$1,326$1,028$792$419
23 years$2,030$1,585$1,224$936$711$363
24 years$1,925$1,485$1,132$854$639$315
25 years$1,828$1,393$1,048$780$575$273
26 years$1,739$1,310$972$713$518$237
27 years$1,657$1,232$903$653$467$206
28 years$1,580$1,161$839$598$421$179
29 years$1,509$1,096$781$548$380$156
30 years$1,443$1,035$728$503$344$135
31 years$1,382$978$678$462$311$118
32 years$1,324$925$633$425$281$102
33 years$1,270$876$591$391$254$89
34 years$1,219$831$552$359$230$78
35 years$1,171$788$516$331$209$68
36 years$1,126$748$483$305$189$59
37 years$1,084$710$452$281$171$51
38 years$1,043$675$423$259$155$45
39 years$1,005$642$397$239$141$39
40 years$969$611$372$220$128$34
41 years$935$581$348$203$116$30
42 years$903$554$327$187$105$26
43 years$872$527$307$173$95$22
44 years$842$503$288$160$87$20
45 years$814$479$270$148$79$17
46 years$788$457$254$136$71$15
47 years$762$436$239$126$65$13
48 years$738$417$224$116$59$11
49 years$715$398$211$108$53$10
50 years$692$380$198$99$49$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $709,000, adding $4,550 every year, while hoping to spend $32,525 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: 64/12/24 Blend
49$709,000$709,000$709,000$709,000
50$786,011$748,434$737,445$831,115
51$831,578$750,501$727,543$864,169
52$880,703$751,579$716,219$896,229
53$933,713$751,586$703,392$930,525
54$990,971$750,433$688,974$967,278
55$1,052,873$748,027$672,878$1,006,736
56$1,119,855$744,269$655,008$1,049,169
57$1,192,396$739,054$635,267$1,094,878
58$1,271,024$732,270$613,551$1,144,196
59$1,356,316$723,800$589,753$1,197,490
60$1,448,912$713,518$563,761$1,255,165
61$1,549,511$701,290$535,458$1,317,670
62$1,658,885$686,977$504,719$1,385,501
63$1,777,882$670,429$471,418$1,459,205
64$1,907,434$651,489$435,419$1,539,388
65$2,048,570$629,990$396,583$1,626,718
66$2,202,419$605,754$354,763$1,721,934
67$2,370,224$578,594$309,806$1,825,851
68$2,553,355$548,314$261,553$1,939,372
69$2,753,319$514,703$209,836$2,063,489
70$2,971,774$477,539$154,482$2,199,304
71$3,210,546$436,590$95,309$2,348,029
72$3,471,646$391,607$32,126$2,511,003
73$3,757,287$342,329$0$2,689,707
74$4,069,907$288,480$0$2,894,814
75$4,412,190$229,767$0$3,128,453
76$4,787,091$165,883$0$3,384,434
77$5,197,864$96,502$0$3,665,011
78$5,648,095$21,279$0$3,972,668
79$6,141,731$0$0$4,310,145
80$6,683,120$0$0$4,688,400
81$7,277,051$0$0$5,106,498
82$7,928,800$0$0$5,565,348
83$8,644,175$0$0$6,069,048
84$9,429,578$0$0$6,622,110
85$10,292,058$0$0$7,229,506
86$11,239,382$0$0$7,896,713
87$12,280,105$0$0$8,629,763
88$13,423,653$0$0$9,435,303
89$14,680,409$0$0$10,320,656
90$16,061,811$0$0$11,293,887
91$17,580,463$0$0$12,363,884
92$19,250,247$0$0$13,540,439
93$21,086,462$0$0$14,834,339
94$23,105,961$0$0$16,257,469
95$25,327,312$0$0$17,822,924
96$27,770,973$0$0$19,545,133
97$30,459,487$0$0$21,439,991
98$33,417,690$0$0$23,525,014
99$36,672,946$0$0$25,819,500
100$40,255,408$0$0$28,344,715