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%18.4%
1 years$58,549$58,027$57,518$57,022$56,537$54,618
2 years$28,984$28,445$27,921$27,414$26,922$25,008
3 years$19,131$18,589$18,067$17,565$17,081$15,231
4 years$14,205$13,665$13,148$12,654$12,182$10,412
5 years$11,251$10,713$10,204$9,720$9,261$7,574
6 years$9,281$8,748$8,246$7,773$7,328$5,727
7 years$7,875$7,347$6,852$6,391$5,959$4,443
8 years$6,821$6,298$5,811$5,361$4,944$3,511
9 years$6,002$5,483$5,005$4,566$4,163$2,813
10 years$5,347$4,833$4,364$3,936$3,547$2,277
11 years$4,811$4,303$3,842$3,426$3,051$1,858
12 years$4,365$3,862$3,410$3,005$2,644$1,525
13 years$3,988$3,490$3,046$2,653$2,305$1,258
14 years$3,665$3,172$2,737$2,355$2,021$1,043
15 years$3,386$2,898$2,471$2,100$1,779$867
16 years$3,141$2,659$2,240$1,880$1,573$722
17 years$2,926$2,449$2,039$1,690$1,394$603
18 years$2,734$2,263$1,861$1,523$1,240$505
19 years$2,563$2,097$1,704$1,376$1,105$423
20 years$2,410$1,949$1,564$1,246$987$355
21 years$2,271$1,815$1,438$1,131$883$298
22 years$2,145$1,694$1,326$1,028$792$251
23 years$2,030$1,585$1,224$936$711$211
24 years$1,925$1,485$1,132$854$639$178
25 years$1,828$1,393$1,048$780$575$150
26 years$1,739$1,310$972$713$518$126
27 years$1,657$1,232$903$653$467$106
28 years$1,580$1,161$839$598$421$90
29 years$1,509$1,096$781$548$380$76
30 years$1,443$1,035$728$503$344$64
31 years$1,382$978$678$462$311$54
32 years$1,324$925$633$425$281$45
33 years$1,270$876$591$391$254$38
34 years$1,219$831$552$359$230$32
35 years$1,171$788$516$331$209$27
36 years$1,126$748$483$305$189$23
37 years$1,084$710$452$281$171$19
38 years$1,043$675$423$259$155$16
39 years$1,005$642$397$239$141$14
40 years$969$611$372$220$128$12
41 years$935$581$348$203$116$10
42 years$903$554$327$187$105$8
43 years$872$527$307$173$95$7
44 years$842$503$288$160$87$6
45 years$814$479$270$148$79$5
46 years$788$457$254$136$71$4
47 years$762$436$239$126$65$4
48 years$738$417$224$116$59$3
49 years$715$398$211$108$53$3
50 years$692$380$198$99$49$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $709,000, adding $6,341 every year, while hoping to spend $30,441 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: 69/12/19 Blend
49$709,000$709,000$709,000$709,000
50$787,859$750,282$739,292$838,148
51$835,831$754,657$731,670$876,896
52$887,677$758,225$722,771$915,105
53$943,758$760,917$712,522$956,161
54$1,004,474$762,655$700,845$1,000,344
55$1,070,264$763,358$687,656$1,047,960
56$1,141,609$762,940$672,871$1,099,349
57$1,219,040$761,311$656,399$1,154,885
58$1,303,140$758,373$638,146$1,214,980
59$1,394,550$754,024$618,014$1,280,090
60$1,493,977$748,153$595,900$1,350,719
61$1,602,196$740,647$571,696$1,427,421
62$1,720,063$731,381$545,291$1,510,808
63$1,848,517$720,226$516,565$1,601,555
64$1,988,593$707,045$485,398$1,700,409
65$2,141,430$691,690$451,659$1,808,191
66$2,308,281$674,008$415,215$1,925,810
67$2,490,526$653,836$375,925$2,054,265
68$2,689,685$630,999$333,644$2,194,663
69$2,907,429$605,314$288,217$2,348,221
70$3,145,600$576,588$239,486$2,516,283
71$3,406,226$544,615$187,283$2,700,334
72$3,691,538$509,178$131,434$2,902,009
73$4,003,995$470,048$71,758$3,123,113
74$4,346,305$426,982$8,063$3,365,636
75$4,721,447$379,724$0$3,631,775
76$5,132,707$328,003$0$3,936,098
77$5,583,700$271,532$0$4,271,663
78$6,078,409$210,008$0$4,639,825
79$6,621,221$143,113$0$5,043,880
80$7,216,969$70,509$0$5,487,459
81$7,870,975$0$0$5,974,563
82$8,589,102$0$0$6,510,683
83$9,377,811$0$0$7,109,762
84$10,244,215$0$0$7,767,898
85$11,196,153$0$0$8,491,053
86$12,242,260$0$0$9,285,790
87$13,392,049$0$0$10,159,343
88$14,656,001$0$0$11,119,680
89$16,045,661$0$0$12,175,580
90$17,573,752$0$0$13,336,715
91$19,254,288$0$0$14,613,741
92$21,102,711$0$0$16,018,400
93$23,136,034$0$0$17,563,626
94$25,373,004$0$0$19,263,674
95$27,834,272$0$0$21,134,245
96$30,542,596$0$0$23,192,644
97$33,523,050$0$0$25,457,935
98$36,803,262$0$0$27,951,124
99$40,413,672$0$0$30,695,357
100$44,387,823$0$0$33,716,138