Can I retire at age 50 with 710,000?

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 $710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$58,631$58,109$57,599$57,102$56,616$54,782
2 years$29,025$28,485$27,961$27,453$26,960$25,129
3 years$19,158$18,615$18,093$17,589$17,105$15,335
4 years$14,225$13,684$13,167$12,672$12,199$10,504
5 years$11,266$10,728$10,218$9,733$9,274$7,657
6 years$9,295$8,761$8,258$7,784$7,338$5,802
7 years$7,887$7,357$6,862$6,400$5,968$4,512
8 years$6,831$6,306$5,820$5,368$4,951$3,574
9 years$6,011$5,491$5,012$4,573$4,169$2,870
10 years$5,355$4,840$4,370$3,942$3,552$2,329
11 years$4,818$4,309$3,847$3,430$3,055$1,905
12 years$4,372$3,867$3,414$3,009$2,648$1,568
13 years$3,994$3,495$3,050$2,656$2,309$1,298
14 years$3,670$3,177$2,741$2,358$2,024$1,078
15 years$3,390$2,902$2,475$2,103$1,782$899
16 years$3,146$2,663$2,244$1,883$1,575$751
17 years$2,930$2,452$2,042$1,692$1,396$629
18 years$2,738$2,266$1,864$1,525$1,242$528
19 years$2,567$2,100$1,706$1,378$1,107$444
20 years$2,413$1,951$1,566$1,248$989$374
21 years$2,274$1,818$1,440$1,132$885$315
22 years$2,148$1,697$1,327$1,030$793$265
23 years$2,033$1,587$1,226$938$712$224
24 years$1,927$1,487$1,133$855$640$189
25 years$1,830$1,395$1,050$781$576$160
26 years$1,741$1,311$974$714$519$135
27 years$1,659$1,234$904$654$468$114
28 years$1,582$1,163$841$599$422$97
29 years$1,511$1,097$782$549$381$82
30 years$1,445$1,036$729$504$344$69
31 years$1,383$979$679$463$311$59
32 years$1,326$927$634$425$281$50
33 years$1,272$878$592$391$255$42
34 years$1,221$832$553$360$231$36
35 years$1,173$789$517$331$209$30
36 years$1,128$749$484$305$189$26
37 years$1,085$711$453$281$172$22
38 years$1,045$676$424$259$156$18
39 years$1,007$643$397$239$141$16
40 years$971$612$372$220$128$13
41 years$936$582$349$203$116$11
42 years$904$554$327$188$105$9
43 years$873$528$307$173$96$8
44 years$844$503$288$160$87$7
45 years$816$480$271$148$79$6
46 years$789$458$254$136$72$5
47 years$763$437$239$126$65$4
48 years$739$417$225$117$59$3
49 years$716$398$211$108$54$3
50 years$693$381$198$100$49$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $710,000, adding $6,118 every year, while hoping to spend $54,908 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: 74/8/18 Blend
49$710,000$710,000$710,000$710,000
50$788,731$751,101$740,096$843,367
51$810,760$729,483$706,467$858,791
52$833,195$704,966$669,872$868,379
53$856,021$677,349$630,152$877,449
54$879,217$646,421$587,144$885,935
55$902,759$611,957$540,676$893,769
56$926,619$573,722$490,567$900,874
57$950,764$531,464$436,631$907,167
58$975,154$484,919$378,671$912,559
59$999,747$433,806$316,483$916,950
60$1,024,489$377,831$249,853$920,236
61$1,049,322$316,680$178,558$922,300
62$1,074,179$250,023$102,366$923,016
63$1,098,982$177,511$21,032$922,249
64$1,123,646$98,776$0$919,848
65$1,148,070$13,429$0$928,283
66$1,172,146$0$0$939,878
67$1,195,747$0$0$957,401
68$1,218,732$0$0$975,588
69$1,240,944$0$0$993,126
70$1,262,205$0$0$1,009,871
71$1,282,318$0$0$1,025,660
72$1,301,060$0$0$1,040,313
73$1,318,185$0$0$1,053,626
74$1,333,415$0$0$1,065,374
75$1,346,443$0$0$1,075,305
76$1,356,926$0$0$1,083,139
77$1,364,482$0$0$1,088,563
78$1,368,687$0$0$1,091,232
79$1,369,070$0$0$1,090,760
80$1,365,106$0$0$1,086,718
81$1,356,214$0$0$1,078,632
82$1,341,749$0$0$1,065,975
83$1,320,995$0$0$1,048,163
84$1,293,160$0$0$1,024,547
85$1,257,364$0$0$994,412
86$1,212,635$0$0$956,961
87$1,157,894$0$0$911,316
88$1,091,949$0$0$856,502
89$1,013,481$0$0$791,443
90$921,028$0$0$714,946
91$812,977$0$0$625,694
92$687,541$0$0$522,230
93$542,748$0$0$402,942
94$376,416$0$0$266,053
95$186,134$0$0$109,593
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