Can I retire at age 50 with 715,000?

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 $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%11.7%
1 years$59,044$58,518$58,005$57,504$57,015$56,608
2 years$29,230$28,685$28,158$27,646$27,150$26,740
3 years$19,293$18,746$18,220$17,713$17,225$16,824
4 years$14,325$13,780$13,259$12,761$12,285$11,897
5 years$11,346$10,804$10,290$9,802$9,339$8,964
6 years$9,360$8,822$8,316$7,839$7,390$7,029
7 years$7,942$7,409$6,910$6,445$6,010$5,663
8 years$6,879$6,351$5,861$5,406$4,986$4,653
9 years$6,053$5,530$5,048$4,605$4,199$3,880
10 years$5,392$4,874$4,401$3,969$3,577$3,273
11 years$4,852$4,339$3,874$3,455$3,077$2,786
12 years$4,402$3,895$3,438$3,030$2,666$2,389
13 years$4,022$3,519$3,072$2,675$2,325$2,061
14 years$3,696$3,199$2,760$2,375$2,038$1,787
15 years$3,414$2,922$2,492$2,118$1,794$1,556
16 years$3,168$2,681$2,259$1,896$1,586$1,359
17 years$2,950$2,469$2,056$1,704$1,406$1,191
18 years$2,757$2,282$1,877$1,535$1,250$1,047
19 years$2,585$2,115$1,718$1,387$1,114$922
20 years$2,430$1,965$1,577$1,257$995$813
21 years$2,290$1,830$1,450$1,140$891$719
22 years$2,163$1,709$1,337$1,037$799$636
23 years$2,047$1,598$1,234$944$717$564
24 years$1,941$1,497$1,141$861$644$501
25 years$1,843$1,405$1,057$787$580$445
26 years$1,754$1,321$981$719$522$395
27 years$1,671$1,243$911$658$471$352
28 years$1,594$1,171$846$603$425$313
29 years$1,522$1,105$788$553$384$279
30 years$1,455$1,043$734$508$347$249
31 years$1,393$986$684$466$313$222
32 years$1,335$933$638$428$283$198
33 years$1,280$884$596$394$257$176
34 years$1,229$838$557$363$232$158
35 years$1,181$795$521$334$210$141
36 years$1,136$754$487$307$191$126
37 years$1,093$716$456$283$173$112
38 years$1,052$681$427$261$157$100
39 years$1,014$647$400$241$142$90
40 years$978$616$375$222$129$80
41 years$943$586$351$205$117$72
42 years$910$558$330$189$106$64
43 years$879$532$309$174$96$57
44 years$850$507$290$161$87$51
45 years$821$484$273$149$79$46
46 years$794$461$256$137$72$41
47 years$769$440$241$127$65$37
48 years$744$420$226$117$59$33
49 years$721$401$213$108$54$29
50 years$698$383$200$100$49$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $715,000, adding $4,400 every year, while hoping to spend $56,835 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: 56/17/27 Blend
49$715,000$715,000$715,000$715,000
50$792,469$754,574$743,491$830,741
51$812,828$731,076$707,926$834,033
52$833,360$704,522$669,265$831,322
53$854,021$674,701$627,343$827,203
54$874,763$641,393$581,991$821,559
55$895,529$604,362$533,028$814,264
56$916,258$563,361$480,269$805,182
57$936,876$518,125$423,518$794,169
58$957,303$468,379$362,572$781,068
59$977,447$413,828$297,217$765,710
60$997,204$354,164$227,231$747,915
61$1,016,458$289,057$152,383$727,489
62$1,035,079$218,163$72,429$704,220
63$1,052,919$141,115$0$677,884
64$1,069,816$57,529$0$651,952
65$1,085,585$0$0$644,955
66$1,100,022$0$0$641,977
67$1,112,898$0$0$648,762
68$1,123,960$0$0$654,390
69$1,132,922$0$0$658,685
70$1,139,469$0$0$661,451
71$1,143,250$0$0$662,470
72$1,143,875$0$0$661,499
73$1,140,910$0$0$658,270
74$1,133,873$0$0$652,485
75$1,122,232$0$0$643,813
76$1,105,394$0$0$631,886
77$1,082,701$0$0$616,299
78$1,053,428$0$0$596,600
79$1,016,768$0$0$572,291
80$971,830$0$0$542,821
81$917,625$0$0$507,577
82$853,061$0$0$465,884
83$776,930$0$0$416,995
84$687,894$0$0$360,081
85$584,476$0$0$294,230
86$465,041$0$0$218,431
87$327,784$0$0$131,568
88$170,709$0$0$32,406
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0