Can I retire at age 50 with 712,000?

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 $712,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$58,796$58,273$57,762$57,263$56,776$54,502
2 years$29,107$28,565$28,040$27,530$27,036$24,774
3 years$19,212$18,668$18,143$17,639$17,153$14,973
4 years$14,265$13,723$13,204$12,708$12,234$10,153
5 years$11,298$10,759$10,247$9,761$9,300$7,324
6 years$9,321$8,785$8,281$7,806$7,359$5,489
7 years$7,909$7,378$6,881$6,418$5,984$4,220
8 years$6,850$6,324$5,836$5,384$4,965$3,303
9 years$6,028$5,506$5,027$4,586$4,181$2,620
10 years$5,370$4,854$4,382$3,953$3,562$2,100
11 years$4,832$4,321$3,858$3,440$3,064$1,695
12 years$4,384$3,878$3,424$3,017$2,655$1,377
13 years$4,005$3,505$3,059$2,664$2,315$1,124
14 years$3,681$3,186$2,749$2,365$2,030$921
15 years$3,400$2,910$2,482$2,109$1,787$757
16 years$3,154$2,670$2,250$1,888$1,579$623
17 years$2,938$2,459$2,047$1,697$1,400$515
18 years$2,746$2,272$1,869$1,529$1,245$425
19 years$2,574$2,106$1,711$1,382$1,110$352
20 years$2,420$1,957$1,570$1,251$991$292
21 years$2,280$1,823$1,444$1,136$887$242
22 years$2,154$1,701$1,331$1,033$795$201
23 years$2,038$1,591$1,229$940$714$167
24 years$1,933$1,491$1,137$858$642$139
25 years$1,836$1,399$1,053$783$577$115
26 years$1,746$1,315$976$716$520$96
27 years$1,664$1,238$907$656$469$80
28 years$1,587$1,166$843$601$423$67
29 years$1,516$1,100$784$551$382$55
30 years$1,449$1,039$731$505$345$46
31 years$1,387$982$681$464$312$38
32 years$1,329$929$636$427$282$32
33 years$1,275$880$593$392$255$27
34 years$1,224$834$554$361$231$22
35 years$1,176$791$518$332$209$18
36 years$1,131$751$485$306$190$15
37 years$1,088$713$454$282$172$13
38 years$1,048$678$425$260$156$11
39 years$1,010$645$398$240$141$9
40 years$973$613$373$221$128$7
41 years$939$584$350$204$116$6
42 years$906$556$328$188$106$5
43 years$875$530$308$174$96$4
44 years$846$505$289$160$87$4
45 years$818$481$272$148$79$3
46 years$791$459$255$137$72$2
47 years$765$438$240$126$65$2
48 years$741$418$225$117$59$2
49 years$718$400$212$108$54$1
50 years$695$382$199$100$49$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $712,000, adding $2,884 every year, while hoping to spend $30,651 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: 30/48/22 Blend
49$712,000$712,000$712,000$712,000
50$787,599$749,863$738,827$805,755
51$835,322$753,994$730,965$824,013
52$886,885$757,300$721,813$840,707
53$942,647$759,708$711,294$858,028
54$1,003,005$761,141$699,330$876,051
55$1,068,392$761,517$685,838$894,859
56$1,139,285$760,749$670,730$914,546
57$1,216,209$758,743$653,917$935,218
58$1,299,743$755,402$635,304$956,995
59$1,390,521$750,620$614,790$980,013
60$1,489,241$744,288$592,273$1,004,423
61$1,596,673$736,287$567,643$1,030,395
62$1,713,661$726,493$540,788$1,058,120
63$1,841,138$714,775$511,587$1,087,813
64$1,980,127$700,992$479,919$1,119,714
65$2,131,756$684,996$445,651$1,154,091
66$2,297,264$666,630$408,650$1,191,245
67$2,478,019$645,729$368,774$1,231,512
68$2,675,524$622,116$325,874$1,275,268
69$2,891,433$595,606$279,797$1,322,929
70$3,127,570$566,001$230,381$1,374,964
71$3,385,941$533,094$177,457$1,431,893
72$3,668,755$496,664$120,851$1,494,295
73$3,978,447$456,479$60,377$1,562,816
74$4,317,694$412,292$0$1,638,175
75$4,689,448$363,844$0$1,722,146
76$5,096,959$310,859$0$1,829,832
77$5,543,805$253,047$0$1,948,080
78$6,033,928$190,102$0$2,078,039
79$6,571,671$121,699$0$2,220,980
80$7,161,815$47,496$0$2,378,313
81$7,809,629$0$0$2,551,597
82$8,520,915$0$0$2,759,917
83$9,302,065$0$0$3,016,367
84$10,160,122$0$0$3,298,185
85$11,102,841$0$0$3,607,935
86$12,138,769$0$0$3,948,438
87$13,277,319$0$0$4,322,807
88$14,528,865$0$0$4,734,468
89$15,904,831$0$0$5,187,196
90$17,417,808$0$0$5,685,151
91$19,081,666$0$0$6,232,918
92$20,911,684$0$0$6,835,544
93$22,924,701$0$0$7,498,595
94$25,139,266$0$0$8,228,200
95$27,575,819$0$0$9,031,115
96$30,256,879$0$0$9,914,782
97$33,207,259$0$0$10,887,401
98$36,454,300$0$0$11,958,009
99$40,028,126$0$0$13,136,562
100$43,961,930$0$0$14,434,030