Can I retire at age 50 with 712,000?

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 $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%15.8%
1 years$58,796$58,273$57,762$57,263$56,776$55,426
2 years$29,107$28,565$28,040$27,530$27,036$25,684
3 years$19,212$18,668$18,143$17,639$17,153$15,841
4 years$14,265$13,723$13,204$12,708$12,234$10,972
5 years$11,298$10,759$10,247$9,761$9,300$8,091
6 years$9,321$8,785$8,281$7,806$7,359$6,205
7 years$7,909$7,378$6,881$6,418$5,984$4,886
8 years$6,850$6,324$5,836$5,384$4,965$3,921
9 years$6,028$5,506$5,027$4,586$4,181$3,191
10 years$5,370$4,854$4,382$3,953$3,562$2,625
11 years$4,832$4,321$3,858$3,440$3,064$2,178
12 years$4,384$3,878$3,424$3,017$2,655$1,819
13 years$4,005$3,505$3,059$2,664$2,315$1,528
14 years$3,681$3,186$2,749$2,365$2,030$1,288
15 years$3,400$2,910$2,482$2,109$1,787$1,091
16 years$3,154$2,670$2,250$1,888$1,579$926
17 years$2,938$2,459$2,047$1,697$1,400$788
18 years$2,746$2,272$1,869$1,529$1,245$673
19 years$2,574$2,106$1,711$1,382$1,110$575
20 years$2,420$1,957$1,570$1,251$991$492
21 years$2,280$1,823$1,444$1,136$887$422
22 years$2,154$1,701$1,331$1,033$795$362
23 years$2,038$1,591$1,229$940$714$311
24 years$1,933$1,491$1,137$858$642$267
25 years$1,836$1,399$1,053$783$577$230
26 years$1,746$1,315$976$716$520$198
27 years$1,664$1,238$907$656$469$170
28 years$1,587$1,166$843$601$423$146
29 years$1,516$1,100$784$551$382$126
30 years$1,449$1,039$731$505$345$109
31 years$1,387$982$681$464$312$94
32 years$1,329$929$636$427$282$81
33 years$1,275$880$593$392$255$70
34 years$1,224$834$554$361$231$60
35 years$1,176$791$518$332$209$52
36 years$1,131$751$485$306$190$45
37 years$1,088$713$454$282$172$39
38 years$1,048$678$425$260$156$33
39 years$1,010$645$398$240$141$29
40 years$973$613$373$221$128$25
41 years$939$584$350$204$116$21
42 years$906$556$328$188$106$19
43 years$875$530$308$174$96$16
44 years$846$505$289$160$87$14
45 years$818$481$272$148$79$12
46 years$791$459$255$137$72$10
47 years$765$438$240$126$65$9
48 years$741$418$225$117$59$8
49 years$718$400$212$108$54$7
50 years$695$382$199$100$49$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $712,000, adding $4,949 every year, while hoping to spend $29,092 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: 50/30/20 Blend
49$712,000$712,000$712,000$712,000
50$789,729$751,993$740,957$824,579
51$839,328$757,887$734,825$855,106
52$893,010$763,095$727,513$884,883
53$951,163$767,552$718,950$916,631
54$1,014,210$771,190$709,063$950,546
55$1,082,617$773,936$697,775$986,847
56$1,156,898$775,713$685,005$1,025,775
57$1,237,617$776,439$670,668$1,067,599
58$1,325,395$776,025$654,676$1,112,614
59$1,420,915$774,380$636,938$1,161,149
60$1,524,929$771,405$617,355$1,213,567
61$1,638,263$766,995$595,828$1,270,269
62$1,761,827$761,039$572,249$1,331,702
63$1,896,623$753,420$546,510$1,398,356
64$2,043,754$744,013$518,493$1,470,776
65$2,204,433$732,686$488,079$1,549,564
66$2,379,996$719,298$455,140$1,635,387
67$2,571,914$703,702$419,546$1,728,981
68$2,781,806$685,741$381,158$1,831,160
69$3,011,455$665,247$339,831$1,942,825
70$3,262,825$642,045$295,416$2,064,970
71$3,538,076$615,948$247,756$2,198,697
72$3,839,590$586,760$196,686$2,345,221
73$4,169,988$554,271$142,035$2,505,885
74$4,532,158$518,261$83,624$2,682,174
75$4,929,279$478,497$21,267$2,875,729
76$5,364,854$434,732$0$3,088,361
77$5,842,741$386,705$0$3,331,735
78$6,367,188$334,142$0$3,603,871
79$6,942,876$276,749$0$3,902,711
80$7,574,961$214,222$0$4,231,000
81$8,269,121$146,233$0$4,591,765
82$9,031,614$72,441$0$4,988,344
83$9,869,331$0$0$5,424,420
84$10,789,864$0$0$5,906,539
85$11,801,578$0$0$6,462,775
86$12,913,689$0$0$7,074,291
87$14,136,347$0$0$7,746,680
88$15,480,739$0$0$8,486,103
89$16,959,187$0$0$9,299,349
90$18,585,269$0$0$10,193,897
91$20,373,942$0$0$11,177,988
92$22,341,689$0$0$12,260,703
93$24,506,668$0$0$13,452,045
94$26,888,889$0$0$14,763,038
95$29,510,396$0$0$16,205,827
96$32,395,480$0$0$17,793,795
97$35,570,906$0$0$19,541,687
98$39,066,165$0$0$21,465,751
99$42,913,751$0$0$23,583,891
100$47,149,470$0$0$25,915,832