Can I retire at age 50 with 715,000?

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 $715,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$59,044$58,518$58,005$57,504$57,015$55,887
2 years$29,230$28,685$28,158$27,646$27,150$26,018
3 years$19,293$18,746$18,220$17,713$17,225$16,125
4 years$14,325$13,780$13,259$12,761$12,285$11,225
5 years$11,346$10,804$10,290$9,802$9,339$8,322
6 years$9,360$8,822$8,316$7,839$7,390$6,417
7 years$7,942$7,409$6,910$6,445$6,010$5,081
8 years$6,879$6,351$5,861$5,406$4,986$4,101
9 years$6,053$5,530$5,048$4,605$4,199$3,358
10 years$5,392$4,874$4,401$3,969$3,577$2,780
11 years$4,852$4,339$3,874$3,455$3,077$2,321
12 years$4,402$3,895$3,438$3,030$2,666$1,951
13 years$4,022$3,519$3,072$2,675$2,325$1,649
14 years$3,696$3,199$2,760$2,375$2,038$1,401
15 years$3,414$2,922$2,492$2,118$1,794$1,194
16 years$3,168$2,681$2,259$1,896$1,586$1,021
17 years$2,950$2,469$2,056$1,704$1,406$875
18 years$2,757$2,282$1,877$1,535$1,250$752
19 years$2,585$2,115$1,718$1,387$1,114$648
20 years$2,430$1,965$1,577$1,257$995$559
21 years$2,290$1,830$1,450$1,140$891$482
22 years$2,163$1,709$1,337$1,037$799$417
23 years$2,047$1,598$1,234$944$717$361
24 years$1,941$1,497$1,141$861$644$313
25 years$1,843$1,405$1,057$787$580$271
26 years$1,754$1,321$981$719$522$235
27 years$1,671$1,243$911$658$471$204
28 years$1,594$1,171$846$603$425$177
29 years$1,522$1,105$788$553$384$154
30 years$1,455$1,043$734$508$347$134
31 years$1,393$986$684$466$313$116
32 years$1,335$933$638$428$283$101
33 years$1,280$884$596$394$257$88
34 years$1,229$838$557$363$232$76
35 years$1,181$795$521$334$210$67
36 years$1,136$754$487$307$191$58
37 years$1,093$716$456$283$173$50
38 years$1,052$681$427$261$157$44
39 years$1,014$647$400$241$142$38
40 years$978$616$375$222$129$33
41 years$943$586$351$205$117$29
42 years$910$558$330$189$106$25
43 years$879$532$309$174$96$22
44 years$850$507$290$161$87$19
45 years$821$484$273$149$79$17
46 years$794$461$256$137$72$14
47 years$769$440$241$127$65$13
48 years$744$420$226$117$59$11
49 years$721$401$213$108$54$10
50 years$698$383$200$100$49$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $715,000, adding $5,578 every year, while hoping to spend $39,162 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: 35/42/23 Blend
49$715,000$715,000$715,000$715,000
50$793,684$755,789$744,706$815,761
51$832,971$751,154$727,986$827,933
52$874,954$744,980$709,393$837,069
53$919,865$737,150$688,823$846,139
54$967,960$727,539$666,167$855,159
55$1,019,520$716,017$641,312$864,153
56$1,074,854$702,444$614,139$873,151
57$1,134,299$686,674$584,522$882,189
58$1,198,226$668,550$552,333$891,310
59$1,267,043$647,907$517,434$900,567
60$1,341,197$624,570$479,684$910,021
61$1,421,180$598,355$438,934$919,745
62$1,507,531$569,065$395,029$929,824
63$1,600,844$536,494$347,807$940,358
64$1,701,771$500,423$297,099$951,461
65$1,811,028$460,619$242,728$963,266
66$1,929,402$416,839$184,510$975,926
67$2,057,761$368,824$122,250$989,614
68$2,197,057$316,301$55,750$1,004,530
69$2,348,337$258,980$0$1,020,900
70$2,512,753$196,556$0$1,042,719
71$2,691,575$128,708$0$1,081,387
72$2,886,195$55,094$0$1,123,595
73$3,098,149$0$0$1,169,777
74$3,329,126$0$0$1,231,807
75$3,580,983$0$0$1,327,303
76$3,855,767$0$0$1,431,590
77$4,155,729$0$0$1,545,535
78$4,483,348$0$0$1,670,091
79$4,841,351$0$0$1,806,310
80$5,232,743$0$0$1,955,348
81$5,660,830$0$0$2,118,480
82$6,129,254$0$0$2,297,106
83$6,642,024$0$0$2,492,773
84$7,203,556$0$0$2,707,181
85$7,818,712$0$0$2,942,202
86$8,492,845$0$0$3,199,901
87$9,231,854$0$0$3,482,550
88$10,042,234$0$0$3,792,650
89$10,931,137$0$0$4,132,960
90$11,906,443$0$0$4,506,516
91$12,976,830$0$0$4,916,661
92$14,151,859$0$0$5,367,082
93$15,442,059$0$0$5,861,837
94$16,859,032$0$0$6,405,397
95$18,415,555$0$0$7,002,688
96$20,125,705$0$0$7,659,137
97$22,004,992$0$0$8,380,723
98$24,070,499$0$0$9,174,031
99$26,341,050$0$0$10,046,318
100$28,837,381$0$0$11,005,580