Can I retire at age 50 with 714,000?

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 $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%19.4%
1 years$58,961$58,436$57,924$57,424$56,935$54,785
2 years$29,189$28,645$28,118$27,608$27,112$24,970
3 years$19,266$18,720$18,194$17,688$17,201$15,135
4 years$14,305$13,761$13,241$12,744$12,268$10,294
5 years$11,330$10,789$10,275$9,788$9,326$7,449
6 years$9,347$8,810$8,304$7,828$7,379$5,601
7 years$7,931$7,399$6,901$6,436$6,001$4,321
8 years$6,870$6,342$5,852$5,399$4,979$3,395
9 years$6,044$5,522$5,041$4,598$4,193$2,703
10 years$5,385$4,867$4,395$3,964$3,572$2,174
11 years$4,845$4,333$3,869$3,450$3,072$1,762
12 years$4,396$3,889$3,434$3,026$2,662$1,437
13 years$4,016$3,515$3,068$2,671$2,322$1,178
14 years$3,691$3,195$2,756$2,371$2,035$969
15 years$3,409$2,918$2,489$2,115$1,792$800
16 years$3,163$2,678$2,256$1,894$1,584$662
17 years$2,946$2,466$2,053$1,701$1,404$549
18 years$2,754$2,279$1,874$1,533$1,249$456
19 years$2,581$2,112$1,716$1,385$1,113$379
20 years$2,427$1,962$1,575$1,255$994$316
21 years$2,287$1,828$1,448$1,139$890$263
22 years$2,160$1,706$1,335$1,035$797$219
23 years$2,044$1,596$1,233$943$716$183
24 years$1,938$1,495$1,140$860$643$153
25 years$1,841$1,403$1,056$785$579$128
26 years$1,751$1,319$979$718$521$107
27 years$1,668$1,241$909$657$470$89
28 years$1,591$1,169$845$602$424$75
29 years$1,520$1,103$787$552$383$63
30 years$1,453$1,042$733$507$346$52
31 years$1,391$985$683$466$313$44
32 years$1,333$932$637$428$283$37
33 years$1,279$883$595$393$256$31
34 years$1,227$837$556$362$232$26
35 years$1,179$793$520$333$210$21
36 years$1,134$753$486$307$190$18
37 years$1,091$715$455$283$173$15
38 years$1,051$680$426$261$156$13
39 years$1,012$646$399$240$142$11
40 years$976$615$374$222$129$9
41 years$942$585$351$205$117$7
42 years$909$557$329$189$106$6
43 years$878$531$309$174$96$5
44 years$848$506$290$161$87$4
45 years$820$483$272$149$79$4
46 years$793$461$256$137$72$3
47 years$768$440$240$127$65$3
48 years$743$420$226$117$59$2
49 years$720$401$212$108$54$2
50 years$697$383$200$100$49$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $714,000, adding $4,838 every year, while hoping to spend $20,967 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: 36/45/19 Blend
49$714,000$714,000$714,000$714,000
50$791,818$753,976$742,909$815,601
51$850,275$768,613$745,488$847,986
52$913,992$783,263$747,451$880,610
53$983,483$797,907$748,754$915,394
54$1,059,314$812,520$749,353$952,543
55$1,142,109$827,078$749,201$992,282
56$1,232,553$841,554$748,249$1,034,861
57$1,331,402$855,919$746,444$1,080,556
58$1,439,487$870,141$743,732$1,129,672
59$1,557,724$884,187$740,056$1,182,544
60$1,687,120$898,021$735,356$1,239,544
61$1,828,786$911,603$729,570$1,301,082
62$1,983,943$924,893$722,632$1,367,609
63$2,153,938$937,846$714,472$1,439,626
64$2,340,253$950,413$705,021$1,517,684
65$2,544,520$962,545$694,200$1,602,391
66$2,768,538$974,187$681,933$1,694,421
67$3,014,287$985,279$668,135$1,794,514
68$3,283,947$995,762$652,721$1,903,490
69$3,579,923$1,005,567$635,600$2,022,254
70$3,904,860$1,014,624$616,678$2,151,803
71$4,261,673$1,022,859$595,854$2,293,239
72$4,653,575$1,030,190$573,027$2,447,777
73$5,084,104$1,036,533$548,087$2,616,761
74$5,557,155$1,041,797$520,921$2,801,671
75$6,077,024$1,045,884$491,411$3,004,141
76$6,648,441$1,048,692$459,433$3,225,976
77$7,276,616$1,050,112$424,858$3,469,166
78$7,967,291$1,050,027$387,551$3,735,907
79$8,726,791$1,048,315$347,370$4,028,624
80$9,562,085$1,044,844$304,169$4,349,989
81$10,480,852$1,039,476$257,793$4,702,954
82$11,491,552$1,032,063$208,082$5,090,774
83$12,603,505$1,022,449$154,867$5,517,040
84$13,826,981$1,010,468$97,974$5,985,714
85$15,173,297$995,944$37,220$6,501,166
86$16,654,919$978,692$0$7,068,216
87$18,285,587$958,513$0$7,697,783
88$20,080,436$935,200$0$8,398,548
89$22,056,146$908,530$0$9,169,472
90$24,231,094$878,270$0$10,017,734
91$26,625,532$844,171$0$10,951,250
92$29,261,773$805,972$0$11,978,749
93$32,164,404$763,395$0$13,109,853
94$35,360,519$716,147$0$14,355,173
95$38,879,970$663,916$0$15,726,404
96$42,755,655$606,376$0$17,236,443
97$47,023,823$543,179$0$18,899,506
98$51,724,417$473,959$0$20,731,266
99$56,901,452$398,328$0$22,749,002
100$62,603,432$315,877$0$24,971,762