Can I retire at age 50 with 714,000?

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 $714,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$58,961$58,436$57,924$57,424$56,935$56,577
2 years$29,189$28,645$28,118$27,608$27,112$26,750
3 years$19,266$18,720$18,194$17,688$17,201$16,847
4 years$14,305$13,761$13,241$12,744$12,268$11,925
5 years$11,330$10,789$10,275$9,788$9,326$8,995
6 years$9,347$8,810$8,304$7,828$7,379$7,060
7 years$7,931$7,399$6,901$6,436$6,001$5,695
8 years$6,870$6,342$5,852$5,399$4,979$4,684
9 years$6,044$5,522$5,041$4,598$4,193$3,911
10 years$5,385$4,867$4,395$3,964$3,572$3,303
11 years$4,845$4,333$3,869$3,450$3,072$2,815
12 years$4,396$3,889$3,434$3,026$2,662$2,417
13 years$4,016$3,515$3,068$2,671$2,322$2,087
14 years$3,691$3,195$2,756$2,371$2,035$1,812
15 years$3,409$2,918$2,489$2,115$1,792$1,580
16 years$3,163$2,678$2,256$1,894$1,584$1,382
17 years$2,946$2,466$2,053$1,701$1,404$1,213
18 years$2,754$2,279$1,874$1,533$1,249$1,067
19 years$2,581$2,112$1,716$1,385$1,113$941
20 years$2,427$1,962$1,575$1,255$994$832
21 years$2,287$1,828$1,448$1,139$890$736
22 years$2,160$1,706$1,335$1,035$797$653
23 years$2,044$1,596$1,233$943$716$580
24 years$1,938$1,495$1,140$860$643$515
25 years$1,841$1,403$1,056$785$579$458
26 years$1,751$1,319$979$718$521$408
27 years$1,668$1,241$909$657$470$364
28 years$1,591$1,169$845$602$424$324
29 years$1,520$1,103$787$552$383$289
30 years$1,453$1,042$733$507$346$258
31 years$1,391$985$683$466$313$231
32 years$1,333$932$637$428$283$206
33 years$1,279$883$595$393$256$184
34 years$1,227$837$556$362$232$165
35 years$1,179$793$520$333$210$147
36 years$1,134$753$486$307$190$132
37 years$1,091$715$455$283$173$118
38 years$1,051$680$426$261$156$106
39 years$1,012$646$399$240$142$95
40 years$976$615$374$222$129$85
41 years$942$585$351$205$117$76
42 years$909$557$329$189$106$68
43 years$878$531$309$174$96$61
44 years$848$506$290$161$87$55
45 years$820$483$272$149$79$49
46 years$793$461$256$137$72$44
47 years$768$440$240$127$65$39
48 years$743$420$226$117$59$35
49 years$720$401$212$108$54$32
50 years$697$383$200$100$49$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $714,000, adding $5,126 every year, while hoping to spend $28,800 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: 34/45/21 Blend
49$714,000$714,000$714,000$714,000
50$792,115$754,273$743,206$813,809
51$842,268$760,590$737,461$836,626
52$896,571$766,251$730,558$858,208
53$955,418$771,193$722,427$880,889
54$1,019,239$775,350$712,998$904,783
55$1,088,512$778,652$702,193$930,019
56$1,163,757$781,023$689,933$956,740
57$1,245,550$782,383$676,136$985,105
58$1,334,523$782,647$660,714$1,015,293
59$1,431,372$781,725$643,575$1,047,502
60$1,536,863$779,520$624,626$1,081,953
61$1,651,838$775,931$603,766$1,118,892
62$1,777,224$770,850$580,890$1,158,592
63$1,914,041$764,163$555,891$1,201,359
64$2,063,414$755,747$528,654$1,247,531
65$2,226,578$745,474$499,059$1,297,485
66$2,404,894$733,208$466,983$1,351,640
67$2,599,862$718,804$432,296$1,410,461
68$2,813,131$702,109$394,861$1,474,464
69$3,046,518$682,960$354,537$1,544,222
70$3,302,024$661,186$311,175$1,620,373
71$3,581,852$636,605$264,620$1,703,623
72$3,888,427$609,025$214,711$1,794,753
73$4,224,421$578,242$161,278$1,894,634
74$4,592,777$544,040$104,146$2,004,227
75$4,996,735$506,193$43,130$2,124,599
76$5,439,865$464,460$0$2,256,933
77$5,926,099$418,586$0$2,407,465
78$6,459,766$368,302$0$2,583,352
79$7,045,638$313,324$0$2,776,572
80$7,688,968$253,352$0$2,988,952
81$8,395,545$188,069$0$3,222,512
82$9,171,745$117,139$0$3,479,481
83$10,024,594$40,209$0$3,762,325
84$10,961,828$0$0$4,073,765
85$11,991,975$0$0$4,438,150
86$13,124,426$0$0$4,860,724
87$14,369,528$0$0$5,325,452
88$15,738,684$0$0$5,836,604
89$17,244,452$0$0$6,398,883
90$18,900,672$0$0$7,017,474
91$20,722,590$0$0$7,698,088
92$22,727,007$0$0$8,447,016
93$24,932,432$0$0$9,271,191
94$27,359,259$0$0$10,178,255
95$30,029,960$0$0$11,176,622
96$32,969,294$0$0$12,275,569
97$36,204,543$0$0$13,485,315
98$39,765,768$0$0$14,817,121
99$43,686,090$0$0$16,283,395
100$48,002,008$0$0$17,897,808