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%19.2%
1 years$58,879$58,354$57,843$57,343$56,856$54,751
2 years$29,148$28,605$28,079$27,569$27,074$24,978
3 years$19,239$18,694$18,169$17,664$17,177$15,155
4 years$14,285$13,742$13,222$12,726$12,251$10,318
5 years$11,314$10,774$10,261$9,775$9,313$7,474
6 years$9,334$8,798$8,292$7,817$7,369$5,626
7 years$7,920$7,388$6,891$6,427$5,993$4,345
8 years$6,860$6,333$5,844$5,391$4,972$3,418
9 years$6,036$5,514$5,034$4,592$4,187$2,725
10 years$5,377$4,860$4,388$3,958$3,567$2,194
11 years$4,839$4,327$3,863$3,445$3,068$1,781
12 years$4,390$3,884$3,429$3,022$2,659$1,454
13 years$4,011$3,510$3,063$2,668$2,318$1,193
14 years$3,686$3,190$2,752$2,368$2,032$983
15 years$3,405$2,914$2,485$2,112$1,789$813
16 years$3,159$2,674$2,253$1,891$1,582$673
17 years$2,942$2,462$2,050$1,699$1,402$559
18 years$2,750$2,275$1,872$1,531$1,247$465
19 years$2,578$2,109$1,713$1,384$1,111$387
20 years$2,423$1,960$1,572$1,253$993$323
21 years$2,284$1,825$1,446$1,137$888$270
22 years$2,157$1,704$1,333$1,034$796$225
23 years$2,041$1,594$1,231$942$715$188
24 years$1,935$1,493$1,138$859$642$158
25 years$1,838$1,401$1,054$784$578$132
26 years$1,749$1,317$978$717$521$110
27 years$1,666$1,239$908$656$469$92
28 years$1,589$1,168$844$601$424$77
29 years$1,518$1,102$785$552$383$65
30 years$1,451$1,040$732$506$346$54
31 years$1,389$984$682$465$312$46
32 years$1,331$931$636$427$283$38
33 years$1,277$881$594$393$256$32
34 years$1,226$835$555$361$232$27
35 years$1,178$792$519$333$210$23
36 years$1,132$752$486$306$190$19
37 years$1,090$714$454$282$172$16
38 years$1,049$679$426$260$156$13
39 years$1,011$645$399$240$142$11
40 years$975$614$374$221$128$9
41 years$940$585$350$204$117$8
42 years$908$557$329$188$106$7
43 years$877$530$308$174$96$6
44 years$847$506$290$161$87$5
45 years$819$482$272$148$79$4
46 years$792$460$255$137$72$3
47 years$766$439$240$127$65$3
48 years$742$419$225$117$59$2
49 years$719$400$212$108$54$2
50 years$696$382$199$100$49$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $713,000, adding $3,105 every year, while hoping to spend $21,003 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: 58/34/8 Blend
49$713,000$713,000$713,000$713,000
50$788,929$751,140$740,088$833,092
51$847,053$765,599$742,534$877,607
52$910,401$780,062$744,358$923,462
53$979,485$794,508$745,517$972,923
54$1,054,866$808,913$745,966$1,026,337
55$1,137,164$823,251$745,657$1,084,087
56$1,227,059$837,495$744,541$1,146,595
57$1,325,302$851,614$742,566$1,214,325
58$1,432,717$865,578$739,676$1,287,788
59$1,550,214$879,351$735,815$1,367,550
60$1,678,794$892,897$730,923$1,454,230
61$1,819,558$906,177$724,936$1,548,515
62$1,973,720$919,147$717,789$1,651,160
63$2,142,617$931,762$709,412$1,762,996
64$2,327,719$943,974$699,733$1,884,942
65$2,530,649$955,731$688,677$2,018,009
66$2,753,191$966,978$676,163$2,163,310
67$2,997,311$977,655$662,109$2,322,076
68$3,265,176$987,698$646,428$2,495,661
69$3,559,170$997,041$629,030$2,685,558
70$3,881,921$1,005,612$609,818$2,893,412
71$4,236,323$1,013,334$588,694$3,121,039
72$4,625,566$1,020,125$565,553$3,370,439
73$5,053,162$1,025,899$540,287$3,643,818
74$5,522,979$1,030,563$512,781$3,943,605
75$6,039,282$1,034,019$482,918$4,272,481
76$6,606,765$1,036,163$450,572$4,633,400
77$7,230,603$1,036,883$415,615$5,029,619
78$7,916,496$1,036,062$377,909$5,464,728
79$8,670,724$1,033,574$337,314$5,942,684
80$9,500,206$1,029,287$293,682$6,467,851
81$10,412,564$1,023,059$246,858$7,045,037
82$11,416,198$1,014,742$196,680$7,679,545
83$12,520,362$1,004,176$142,980$8,377,218
84$13,735,251$991,192$85,582$9,144,499
85$15,072,100$975,614$24,303$9,988,491
86$16,543,287$957,252$0$10,917,021
87$18,162,451$935,906$0$11,942,227
88$19,944,619$911,364$0$13,072,556
89$21,906,351$883,402$0$14,316,434
90$24,065,892$851,782$0$15,685,439
91$26,443,347$816,253$0$17,192,332
92$29,060,869$776,549$0$18,851,176
93$31,942,867$732,390$0$20,677,473
94$35,116,239$683,477$0$22,688,310
95$38,610,624$629,496$0$24,902,517
96$42,458,681$570,114$0$27,340,850
97$46,696,398$504,981$0$30,026,187
98$51,363,430$433,724$0$32,983,741
99$56,503,475$355,952$0$36,241,301
100$62,164,686$271,250$0$39,829,498