Can I retire at age 50 with 713,000?

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 $713,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$58,879$58,354$57,843$57,343$56,856$55,983
2 years$29,148$28,605$28,079$27,569$27,074$26,197
3 years$19,239$18,694$18,169$17,664$17,177$16,323
4 years$14,285$13,742$13,222$12,726$12,251$11,426
5 years$11,314$10,774$10,261$9,775$9,313$8,520
6 years$9,334$8,798$8,292$7,817$7,369$6,609
7 years$7,920$7,388$6,891$6,427$5,993$5,266
8 years$6,860$6,333$5,844$5,391$4,972$4,277
9 years$6,036$5,514$5,034$4,592$4,187$3,525
10 years$5,377$4,860$4,388$3,958$3,567$2,938
11 years$4,839$4,327$3,863$3,445$3,068$2,470
12 years$4,390$3,884$3,429$3,022$2,659$2,091
13 years$4,011$3,510$3,063$2,668$2,318$1,781
14 years$3,686$3,190$2,752$2,368$2,032$1,523
15 years$3,405$2,914$2,485$2,112$1,789$1,309
16 years$3,159$2,674$2,253$1,891$1,582$1,128
17 years$2,942$2,462$2,050$1,699$1,402$975
18 years$2,750$2,275$1,872$1,531$1,247$844
19 years$2,578$2,109$1,713$1,384$1,111$733
20 years$2,423$1,960$1,572$1,253$993$637
21 years$2,284$1,825$1,446$1,137$888$555
22 years$2,157$1,704$1,333$1,034$796$484
23 years$2,041$1,594$1,231$942$715$422
24 years$1,935$1,493$1,138$859$642$369
25 years$1,838$1,401$1,054$784$578$323
26 years$1,749$1,317$978$717$521$282
27 years$1,666$1,239$908$656$469$247
28 years$1,589$1,168$844$601$424$217
29 years$1,518$1,102$785$552$383$190
30 years$1,451$1,040$732$506$346$166
31 years$1,389$984$682$465$312$146
32 years$1,331$931$636$427$283$128
33 years$1,277$881$594$393$256$112
34 years$1,226$835$555$361$232$99
35 years$1,178$792$519$333$210$87
36 years$1,132$752$486$306$190$76
37 years$1,090$714$454$282$172$67
38 years$1,049$679$426$260$156$59
39 years$1,011$645$399$240$142$52
40 years$975$614$374$221$128$45
41 years$940$585$350$204$117$40
42 years$908$557$329$188$106$35
43 years$877$530$308$174$96$31
44 years$847$506$290$161$87$27
45 years$819$482$272$148$79$24
46 years$792$460$255$137$72$21
47 years$766$439$240$127$65$18
48 years$742$419$225$117$59$16
49 years$719$400$212$108$54$14
50 years$696$382$199$100$49$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $713,000, adding $6,604 every year, while hoping to spend $42,249 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: 66/28/6 Blend
49$713,000$713,000$713,000$713,000
50$792,538$754,749$743,698$843,665
51$828,424$746,779$723,659$870,481
52$866,555$737,003$701,533$894,088
53$907,114$725,287$677,205$918,759
54$950,304$711,490$650,555$944,592
55$996,345$695,463$621,459$971,696
56$1,045,480$677,048$589,785$1,000,193
57$1,097,972$656,076$555,396$1,030,217
58$1,154,113$632,372$518,150$1,061,919
59$1,214,221$605,747$477,897$1,095,466
60$1,278,645$576,002$434,480$1,131,045
61$1,347,769$542,928$387,737$1,168,863
62$1,422,013$506,303$337,497$1,209,149
63$1,501,837$465,891$283,582$1,252,159
64$1,587,749$421,444$225,807$1,298,178
65$1,680,305$372,701$163,977$1,347,521
66$1,780,116$319,383$97,890$1,400,538
67$1,887,853$261,197$27,335$1,457,619
68$2,004,253$197,835$0$1,519,196
69$2,130,127$128,969$0$1,588,818
70$2,266,365$54,254$0$1,666,013
71$2,413,947$0$0$1,749,636
72$2,573,950$0$0$1,848,575
73$2,747,557$0$0$1,974,102
74$2,936,070$0$0$2,110,447
75$3,140,922$0$0$2,258,652
76$3,363,688$0$0$2,419,862
77$3,606,101$0$0$2,595,335
78$3,870,069$0$0$2,786,460
79$4,157,691$0$0$2,994,761
80$4,471,275$0$0$3,221,917
81$4,813,364$0$0$3,469,776
82$5,186,756$0$0$3,740,372
83$5,594,531$0$0$4,035,945
84$6,040,078$0$0$4,358,959
85$6,527,131$0$0$4,712,127
86$7,059,798$0$0$5,098,438
87$7,642,605$0$0$5,521,182
88$8,280,533$0$0$5,983,981
89$8,979,069$0$0$6,490,824
90$9,744,254$0$0$7,046,104
91$10,582,742$0$0$7,654,658
92$11,501,859$0$0$8,321,816
93$12,509,677$0$0$9,053,445
94$13,615,082$0$0$9,856,008
95$14,827,866$0$0$10,736,624
96$16,158,811$0$0$11,703,136
97$17,619,795$0$0$12,764,180
98$19,223,903$0$0$13,929,271
99$20,985,546$0$0$15,208,891
100$22,920,602$0$0$16,614,585