Can I retire at age 50 with 710,000?

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 $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%12.1%
1 years$58,631$58,109$57,599$57,102$56,616$56,119
2 years$29,025$28,485$27,961$27,453$26,960$26,459
3 years$19,158$18,615$18,093$17,589$17,105$16,615
4 years$14,225$13,684$13,167$12,672$12,199$11,725
5 years$11,266$10,728$10,218$9,733$9,274$8,816
6 years$9,295$8,761$8,258$7,784$7,338$6,898
7 years$7,887$7,357$6,862$6,400$5,968$5,545
8 years$6,831$6,306$5,820$5,368$4,951$4,546
9 years$6,011$5,491$5,012$4,573$4,169$3,782
10 years$5,355$4,840$4,370$3,942$3,552$3,182
11 years$4,818$4,309$3,847$3,430$3,055$2,702
12 years$4,372$3,867$3,414$3,009$2,648$2,311
13 years$3,994$3,495$3,050$2,656$2,309$1,989
14 years$3,670$3,177$2,741$2,358$2,024$1,720
15 years$3,390$2,902$2,475$2,103$1,782$1,493
16 years$3,146$2,663$2,244$1,883$1,575$1,301
17 years$2,930$2,452$2,042$1,692$1,396$1,137
18 years$2,738$2,266$1,864$1,525$1,242$996
19 years$2,567$2,100$1,706$1,378$1,107$875
20 years$2,413$1,951$1,566$1,248$989$770
21 years$2,274$1,818$1,440$1,132$885$678
22 years$2,148$1,697$1,327$1,030$793$599
23 years$2,033$1,587$1,226$938$712$529
24 years$1,927$1,487$1,133$855$640$468
25 years$1,830$1,395$1,050$781$576$414
26 years$1,741$1,311$974$714$519$367
27 years$1,659$1,234$904$654$468$326
28 years$1,582$1,163$841$599$422$289
29 years$1,511$1,097$782$549$381$257
30 years$1,445$1,036$729$504$344$228
31 years$1,383$979$679$463$311$203
32 years$1,326$927$634$425$281$180
33 years$1,272$878$592$391$255$160
34 years$1,221$832$553$360$231$143
35 years$1,173$789$517$331$209$127
36 years$1,128$749$484$305$189$113
37 years$1,085$711$453$281$172$101
38 years$1,045$676$424$259$156$90
39 years$1,007$643$397$239$141$80
40 years$971$612$372$220$128$71
41 years$936$582$349$203$116$63
42 years$904$554$327$188$105$57
43 years$873$528$307$173$96$50
44 years$844$503$288$160$87$45
45 years$816$480$271$148$79$40
46 years$789$458$254$136$72$36
47 years$763$437$239$126$65$32
48 years$739$417$225$117$59$28
49 years$716$398$211$108$54$25
50 years$693$381$198$100$49$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $710,000, adding $4,015 every year, while hoping to spend $54,664 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: 44/50/6 Blend
49$710,000$710,000$710,000$710,000
50$786,561$748,931$737,926$819,666
51$808,629$727,467$704,485$821,482
52$831,115$703,119$668,091$817,488
53$854,004$675,688$628,588$811,884
54$877,279$644,963$585,812$804,542
55$900,918$610,722$539,593$795,322
56$924,893$572,729$489,751$784,077
57$949,175$530,735$436,100$770,651
58$973,726$484,477$378,445$754,875
59$998,506$433,676$316,582$736,571
60$1,023,464$378,037$250,299$715,548
61$1,048,547$317,250$179,373$691,602
62$1,073,690$250,986$103,573$664,516
63$1,098,820$178,898$22,657$634,057
64$1,123,855$100,620$0$599,979
65$1,148,702$15,764$0$566,094
66$1,173,256$0$0$529,854
67$1,197,396$0$0$531,383
68$1,220,990$0$0$541,273
69$1,243,885$0$0$550,776
70$1,265,915$0$0$559,808
71$1,286,889$0$0$568,277
72$1,306,595$0$0$576,077
73$1,324,798$0$0$583,093
74$1,341,232$0$0$589,194
75$1,355,604$0$0$594,237
76$1,367,585$0$0$598,060
77$1,376,810$0$0$600,484
78$1,382,873$0$0$601,309
79$1,385,321$0$0$600,316
80$1,383,653$0$0$597,258
81$1,377,311$0$0$591,863
82$1,365,676$0$0$583,829
83$1,348,064$0$0$572,821
84$1,323,712$0$0$558,467
85$1,291,778$0$0$540,356
86$1,251,327$0$0$518,034
87$1,201,326$0$0$490,995
88$1,140,629$0$0$458,682
89$1,067,969$0$0$420,477
90$981,945$0$0$375,699
91$881,005$0$0$323,592
92$763,434$0$0$263,321
93$627,337$0$0$193,964
94$470,617$0$0$114,502
95$290,961$0$0$23,809
96$85,808$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0