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%16.2%
1 years$58,631$58,109$57,599$57,102$56,616$55,181
2 years$29,025$28,485$27,961$27,453$26,960$25,523
3 years$19,158$18,615$18,093$17,589$17,105$15,711
4 years$14,225$13,684$13,167$12,672$12,199$10,860
5 years$11,266$10,728$10,218$9,733$9,274$7,992
6 years$9,295$8,761$8,258$7,784$7,338$6,116
7 years$7,887$7,357$6,862$6,400$5,968$4,805
8 years$6,831$6,306$5,820$5,368$4,951$3,847
9 years$6,011$5,491$5,012$4,573$4,169$3,123
10 years$5,355$4,840$4,370$3,942$3,552$2,563
11 years$4,818$4,309$3,847$3,430$3,055$2,121
12 years$4,372$3,867$3,414$3,009$2,648$1,767
13 years$3,994$3,495$3,050$2,656$2,309$1,480
14 years$3,670$3,177$2,741$2,358$2,024$1,245
15 years$3,390$2,902$2,475$2,103$1,782$1,051
16 years$3,146$2,663$2,244$1,883$1,575$890
17 years$2,930$2,452$2,042$1,692$1,396$755
18 years$2,738$2,266$1,864$1,525$1,242$642
19 years$2,567$2,100$1,706$1,378$1,107$547
20 years$2,413$1,951$1,566$1,248$989$467
21 years$2,274$1,818$1,440$1,132$885$399
22 years$2,148$1,697$1,327$1,030$793$341
23 years$2,033$1,587$1,226$938$712$292
24 years$1,927$1,487$1,133$855$640$250
25 years$1,830$1,395$1,050$781$576$215
26 years$1,741$1,311$974$714$519$184
27 years$1,659$1,234$904$654$468$158
28 years$1,582$1,163$841$599$422$136
29 years$1,511$1,097$782$549$381$116
30 years$1,445$1,036$729$504$344$100
31 years$1,383$979$679$463$311$86
32 years$1,326$927$634$425$281$74
33 years$1,272$878$592$391$255$63
34 years$1,221$832$553$360$231$55
35 years$1,173$789$517$331$209$47
36 years$1,128$749$484$305$189$40
37 years$1,085$711$453$281$172$35
38 years$1,045$676$424$259$156$30
39 years$1,007$643$397$239$141$26
40 years$971$612$372$220$128$22
41 years$936$582$349$203$116$19
42 years$904$554$327$188$105$16
43 years$873$528$307$173$96$14
44 years$844$503$288$160$87$12
45 years$816$480$271$148$79$10
46 years$789$458$254$136$72$9
47 years$763$437$239$126$65$8
48 years$739$417$225$117$59$7
49 years$716$398$211$108$54$6
50 years$693$381$198$100$49$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $710,000, adding $4,401 every year, while hoping to spend $40,988 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: 39/47/14 Blend
49$710,000$710,000$710,000$710,000
50$786,960$749,330$738,325$814,183
51$823,619$742,436$719,448$827,059
52$862,643$733,831$698,564$836,659
53$904,231$723,387$675,565$846,151
54$948,599$710,969$650,333$855,546
55$995,985$696,436$622,748$864,856
56$1,046,650$679,635$592,684$874,102
57$1,100,877$660,407$560,008$883,309
58$1,158,982$638,581$524,583$892,506
59$1,221,306$613,980$486,265$901,734
60$1,288,227$586,412$444,902$911,037
61$1,360,157$555,678$400,338$920,473
62$1,437,552$521,564$352,408$930,108
63$1,520,908$483,847$300,939$940,021
64$1,610,773$442,288$245,753$950,303
65$1,707,749$396,637$186,663$961,063
66$1,812,495$346,629$123,472$972,425
67$1,925,738$291,982$55,977$984,534
68$2,048,276$232,402$0$997,556
69$2,180,985$167,574$0$1,014,080
70$2,324,830$97,169$0$1,041,004
71$2,480,870$20,838$0$1,070,243
72$2,650,272$0$0$1,102,114
73$2,834,318$0$0$1,168,934
74$3,034,419$0$0$1,253,383
75$3,252,127$0$0$1,345,351
76$3,489,149$0$0$1,445,570
77$3,747,364$0$0$1,554,845
78$4,028,841$0$0$1,674,063
79$4,335,855$0$0$1,804,202
80$4,670,910$0$0$1,946,335
81$5,036,764$0$0$2,101,646
82$5,436,452$0$0$2,271,438
83$5,873,315$0$0$2,457,144
84$6,351,031$0$0$2,660,344
85$6,873,653$0$0$2,882,776
86$7,445,638$0$0$3,126,355
87$8,071,898$0$0$3,393,190
88$8,757,841$0$0$3,685,602
89$9,509,422$0$0$4,006,149
90$10,333,201$0$0$4,357,647
91$11,236,400$0$0$4,743,198
92$12,226,976$0$0$5,166,219
93$13,313,691$0$0$5,630,474
94$14,506,198$0$0$6,140,108
95$15,815,127$0$0$6,699,687
96$17,252,189$0$0$7,314,241
97$18,830,286$0$0$7,989,313
98$20,563,627$0$0$8,731,006
99$22,467,868$0$0$9,546,045
100$24,560,253$0$0$10,441,840