Can I retire at age 50 with 711,000?

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 $711,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$58,714$58,191$57,680$57,182$56,696$55,941
2 years$29,066$28,525$28,000$27,492$26,998$26,239
3 years$19,185$18,641$18,118$17,614$17,129$16,389
4 years$14,245$13,703$13,185$12,690$12,216$11,501
5 years$11,282$10,744$10,232$9,747$9,287$8,598
6 years$9,308$8,773$8,269$7,795$7,348$6,688
7 years$7,898$7,368$6,872$6,409$5,976$5,344
8 years$6,841$6,315$5,828$5,376$4,958$4,353
9 years$6,019$5,499$5,019$4,579$4,175$3,598
10 years$5,362$4,847$4,376$3,947$3,557$3,008
11 years$4,825$4,315$3,853$3,435$3,060$2,536
12 years$4,378$3,873$3,419$3,013$2,651$2,154
13 years$3,999$3,500$3,055$2,660$2,312$1,841
14 years$3,676$3,181$2,745$2,361$2,027$1,580
15 years$3,395$2,906$2,478$2,106$1,784$1,362
16 years$3,150$2,666$2,247$1,886$1,577$1,178
17 years$2,934$2,456$2,044$1,694$1,398$1,021
18 years$2,742$2,269$1,866$1,527$1,243$888
19 years$2,571$2,103$1,709$1,380$1,108$774
20 years$2,416$1,954$1,568$1,250$990$675
21 years$2,277$1,820$1,442$1,134$886$590
22 years$2,151$1,699$1,329$1,031$794$516
23 years$2,035$1,589$1,227$939$713$453
24 years$1,930$1,489$1,135$856$641$397
25 years$1,833$1,397$1,051$782$576$348
26 years$1,744$1,313$975$715$519$306
27 years$1,661$1,236$905$655$468$269
28 years$1,585$1,165$842$600$422$237
29 years$1,514$1,099$783$550$381$208
30 years$1,447$1,038$730$505$345$183
31 years$1,385$981$680$464$312$162
32 years$1,328$928$635$426$282$142
33 years$1,273$879$593$392$255$126
34 years$1,222$833$554$360$231$111
35 years$1,174$790$518$332$209$98
36 years$1,129$750$484$306$190$86
37 years$1,087$712$453$282$172$76
38 years$1,046$677$424$260$156$67
39 years$1,008$644$398$239$141$59
40 years$972$612$373$221$128$52
41 years$938$583$349$204$116$46
42 years$905$555$328$188$105$41
43 years$874$529$308$173$96$36
44 years$845$504$289$160$87$32
45 years$817$481$271$148$79$28
46 years$790$459$255$137$72$25
47 years$764$438$239$126$65$22
48 years$740$418$225$117$59$19
49 years$717$399$211$108$54$17
50 years$694$381$199$100$49$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $711,000, adding $3,933 every year, while hoping to spend $49,990 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: 45/33/22 Blend
49$711,000$711,000$711,000$711,000
50$787,579$749,896$738,875$817,868
51$814,723$733,452$710,439$823,146
52$842,960$714,527$679,374$823,651
53$872,350$692,946$645,540$823,181
54$902,954$668,525$608,791$821,672
55$934,841$641,068$568,971$819,054
56$968,084$610,370$525,921$815,256
57$1,002,761$576,210$479,472$810,202
58$1,038,957$538,359$429,448$803,815
59$1,076,764$496,572$375,668$796,014
60$1,116,279$450,589$317,938$786,716
61$1,157,610$400,139$256,060$775,832
62$1,200,872$344,931$189,824$763,273
63$1,246,191$284,662$119,012$748,946
64$1,293,701$219,009$43,397$732,755
65$1,343,549$147,632$0$714,602
66$1,395,896$70,170$0$703,140
67$1,450,914$0$0$700,949
68$1,508,791$0$0$702,783
69$1,569,734$0$0$731,573
70$1,633,965$0$0$761,949
71$1,701,727$0$0$794,030
72$1,773,286$0$0$827,945
73$1,848,930$0$0$863,837
74$1,928,975$0$0$901,860
75$2,013,765$0$0$942,184
76$2,103,677$0$0$984,994
77$2,199,122$0$0$1,030,491
78$2,300,549$0$0$1,078,897
79$2,408,452$0$0$1,130,455
80$2,523,367$0$0$1,185,429
81$2,645,886$0$0$1,244,110
82$2,776,654$0$0$1,306,816
83$2,916,377$0$0$1,373,896
84$3,065,832$0$0$1,445,732
85$3,225,870$0$0$1,522,744
86$3,397,421$0$0$1,605,392
87$3,581,510$0$0$1,694,181
88$3,779,260$0$0$1,789,665
89$3,991,901$0$0$1,892,453
90$4,220,787$0$0$2,003,213
91$4,467,403$0$0$2,122,679
92$4,733,382$0$0$2,251,658
93$5,020,514$0$0$2,391,035
94$5,330,771$0$0$2,541,784
95$5,666,315$0$0$2,704,975
96$6,029,528$0$0$2,881,786
97$6,423,023$0$0$3,073,510
98$6,849,677$0$0$3,281,571
99$7,312,652$0$0$3,507,532
100$7,815,426$0$0$3,753,115