Can I retire at age 50 with 716,000?

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 $716,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$59,127$58,600$58,086$57,585$57,095$56,452
2 years$29,271$28,725$28,197$27,685$27,188$26,540
3 years$19,320$18,772$18,245$17,738$17,249$16,617
4 years$14,346$13,800$13,278$12,779$12,302$11,691
5 years$11,362$10,819$10,304$9,816$9,352$8,763
6 years$9,373$8,835$8,327$7,850$7,400$6,834
7 years$7,953$7,419$6,920$6,454$6,018$5,476
8 years$6,889$6,360$5,869$5,414$4,993$4,474
9 years$6,061$5,537$5,055$4,611$4,204$3,709
10 years$5,400$4,881$4,407$3,975$3,582$3,110
11 years$4,859$4,345$3,880$3,459$3,081$2,631
12 years$4,408$3,900$3,443$3,034$2,670$2,242
13 years$4,028$3,524$3,076$2,679$2,328$1,921
14 years$3,701$3,204$2,764$2,378$2,041$1,655
15 years$3,419$2,927$2,496$2,121$1,797$1,431
16 years$3,172$2,685$2,263$1,899$1,588$1,242
17 years$2,955$2,473$2,059$1,706$1,408$1,081
18 years$2,761$2,285$1,879$1,538$1,252$943
19 years$2,589$2,118$1,721$1,389$1,116$825
20 years$2,433$1,968$1,579$1,258$997$722
21 years$2,293$1,833$1,452$1,142$892$634
22 years$2,166$1,711$1,339$1,038$800$557
23 years$2,050$1,600$1,236$946$718$490
24 years$1,944$1,499$1,143$862$645$431
25 years$1,846$1,407$1,059$788$581$380
26 years$1,756$1,322$982$720$523$335
27 years$1,673$1,245$912$659$471$296
28 years$1,596$1,173$848$604$425$261
29 years$1,524$1,106$789$554$384$231
30 years$1,457$1,045$735$508$347$204
31 years$1,395$988$685$467$314$181
32 years$1,337$935$639$429$284$160
33 years$1,282$885$597$395$257$141
34 years$1,231$839$558$363$233$125
35 years$1,183$796$521$334$211$111
36 years$1,137$755$488$308$191$98
37 years$1,094$717$456$284$173$87
38 years$1,054$682$427$261$157$77
39 years$1,015$648$400$241$142$68
40 years$979$617$375$222$129$61
41 years$944$587$352$205$117$54
42 years$912$559$330$189$106$48
43 years$880$533$310$175$96$42
44 years$851$508$291$161$87$37
45 years$822$484$273$149$79$33
46 years$795$462$256$138$72$29
47 years$770$441$241$127$65$26
48 years$745$421$226$117$59$23
49 years$722$402$213$109$54$21
50 years$699$384$200$100$49$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $716,000, adding $6,873 every year, while hoping to spend $58,852 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: 84/11/5 Blend
49$716,000$716,000$716,000$716,000
50$796,121$758,173$747,075$862,387
51$814,708$732,706$709,484$881,176
52$833,217$704,018$668,662$893,073
53$851,581$671,890$624,437$904,267
54$869,718$636,088$576,631$914,650
55$887,540$596,368$525,060$924,100
56$904,948$552,469$469,528$932,486
57$921,828$504,115$409,832$939,661
58$938,053$451,015$345,761$945,463
59$953,483$392,864$277,092$949,714
60$967,959$329,334$203,595$952,220
61$981,304$260,085$125,028$952,764
62$993,320$184,752$41,140$951,110
63$1,003,787$102,954$0$946,994
64$1,012,461$14,286$0$942,712
65$1,019,067$0$0$937,875
66$1,023,302$0$0$939,840
67$1,024,828$0$0$941,019
68$1,023,270$0$0$939,336
69$1,018,211$0$0$934,404
70$1,009,189$0$0$925,797
71$995,691$0$0$913,038
72$977,148$0$0$895,601
73$952,931$0$0$872,902
74$922,342$0$0$844,296
75$884,607$0$0$809,066
76$838,871$0$0$766,421
77$784,186$0$0$715,482
78$719,507$0$0$655,281
79$643,673$0$0$584,744
80$555,403$0$0$502,686
81$453,281$0$0$407,793
82$335,741$0$0$298,617
83$201,053$0$0$173,556
84$47,306$0$0$30,840
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
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