Can I retire at age 50 with 711,000?

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 $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%14.6%
1 years$58,714$58,191$57,680$57,182$56,696$55,620
2 years$29,066$28,525$28,000$27,492$26,998$25,918
3 years$19,185$18,641$18,118$17,614$17,129$16,078
4 years$14,245$13,703$13,185$12,690$12,216$11,204
5 years$11,282$10,744$10,232$9,747$9,287$8,315
6 years$9,308$8,773$8,269$7,795$7,348$6,418
7 years$7,898$7,368$6,872$6,409$5,976$5,088
8 years$6,841$6,315$5,828$5,376$4,958$4,112
9 years$6,019$5,499$5,019$4,579$4,175$3,371
10 years$5,362$4,847$4,376$3,947$3,557$2,793
11 years$4,825$4,315$3,853$3,435$3,060$2,335
12 years$4,378$3,873$3,419$3,013$2,651$1,966
13 years$3,999$3,500$3,055$2,660$2,312$1,664
14 years$3,676$3,181$2,745$2,361$2,027$1,415
15 years$3,395$2,906$2,478$2,106$1,784$1,208
16 years$3,150$2,666$2,247$1,886$1,577$1,034
17 years$2,934$2,456$2,044$1,694$1,398$888
18 years$2,742$2,269$1,866$1,527$1,243$764
19 years$2,571$2,103$1,709$1,380$1,108$659
20 years$2,416$1,954$1,568$1,250$990$569
21 years$2,277$1,820$1,442$1,134$886$492
22 years$2,151$1,699$1,329$1,031$794$426
23 years$2,035$1,589$1,227$939$713$370
24 years$1,930$1,489$1,135$856$641$321
25 years$1,833$1,397$1,051$782$576$278
26 years$1,744$1,313$975$715$519$242
27 years$1,661$1,236$905$655$468$210
28 years$1,585$1,165$842$600$422$183
29 years$1,514$1,099$783$550$381$159
30 years$1,447$1,038$730$505$345$138
31 years$1,385$981$680$464$312$121
32 years$1,328$928$635$426$282$105
33 years$1,273$879$593$392$255$91
34 years$1,222$833$554$360$231$80
35 years$1,174$790$518$332$209$69
36 years$1,129$750$484$306$190$61
37 years$1,087$712$453$282$172$53
38 years$1,046$677$424$260$156$46
39 years$1,008$644$398$239$141$40
40 years$972$612$373$221$128$35
41 years$938$583$349$204$116$31
42 years$905$555$328$188$105$27
43 years$874$529$308$173$96$23
44 years$845$504$289$160$87$20
45 years$817$481$271$148$79$18
46 years$790$459$255$137$72$15
47 years$764$438$239$126$65$13
48 years$740$418$225$117$59$12
49 years$717$399$211$108$54$10
50 years$694$381$199$100$49$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $711,000, adding $2,653 every year, while hoping to spend $49,673 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: 52/27/21 Blend
49$711,000$711,000$711,000$711,000
50$786,259$748,576$737,555$822,451
51$813,605$732,404$709,411$831,509
52$842,076$713,775$678,660$835,995
53$871,734$692,517$645,162$839,825
54$902,646$668,445$608,769$842,952
55$934,884$641,366$569,331$845,331
56$968,525$611,076$526,686$846,912
57$1,003,653$577,358$480,669$847,647
58$1,040,360$539,982$431,105$847,485
59$1,078,741$498,706$377,812$846,374
60$1,118,904$453,274$320,600$844,261
61$1,160,963$403,415$259,271$841,092
62$1,205,042$348,843$193,617$836,811
63$1,251,275$289,255$123,422$831,364
64$1,299,808$224,331$48,460$824,695
65$1,350,800$153,735$0$816,748
66$1,404,423$77,110$0$814,534
67$1,460,865$0$0$822,980
68$1,520,330$0$0$832,978
69$1,583,039$0$0$867,709
70$1,649,235$0$0$904,399
71$1,719,181$0$0$943,200
72$1,793,167$0$0$984,275
73$1,871,506$0$0$1,027,803
74$1,954,542$0$0$1,073,980
75$2,042,650$0$0$1,123,019
76$2,136,241$0$0$1,175,154
77$2,235,763$0$0$1,230,640
78$2,341,707$0$0$1,289,758
79$2,454,611$0$0$1,352,815
80$2,575,065$0$0$1,420,146
81$2,703,712$0$0$1,492,118
82$2,841,259$0$0$1,569,136
83$2,988,483$0$0$1,651,642
84$3,146,231$0$0$1,740,121
85$3,315,437$0$0$1,835,104
86$3,497,124$0$0$1,937,177
87$3,692,412$0$0$2,046,981
88$3,902,536$0$0$2,165,219
89$4,128,848$0$0$2,292,666
90$4,372,833$0$0$2,430,169
91$4,636,124$0$0$2,578,663
92$4,920,515$0$0$2,739,172
93$5,227,976$0$0$2,912,825
94$5,560,673$0$0$3,100,859
95$5,920,988$0$0$3,304,636
96$6,311,539$0$0$3,525,655
97$6,735,204$0$0$3,765,562
98$7,195,150$0$0$4,026,169
99$7,694,857$0$0$4,309,468
100$8,238,158$0$0$4,617,652