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%19.2%
1 years$59,127$58,600$58,086$57,585$57,095$54,982
2 years$29,271$28,725$28,197$27,685$27,188$25,083
3 years$19,320$18,772$18,245$17,738$17,249$15,218
4 years$14,346$13,800$13,278$12,779$12,302$10,361
5 years$11,362$10,819$10,304$9,816$9,352$7,506
6 years$9,373$8,835$8,327$7,850$7,400$5,650
7 years$7,953$7,419$6,920$6,454$6,018$4,363
8 years$6,889$6,360$5,869$5,414$4,993$3,432
9 years$6,061$5,537$5,055$4,611$4,204$2,736
10 years$5,400$4,881$4,407$3,975$3,582$2,203
11 years$4,859$4,345$3,880$3,459$3,081$1,788
12 years$4,408$3,900$3,443$3,034$2,670$1,460
13 years$4,028$3,524$3,076$2,679$2,328$1,198
14 years$3,701$3,204$2,764$2,378$2,041$987
15 years$3,419$2,927$2,496$2,121$1,797$816
16 years$3,172$2,685$2,263$1,899$1,588$676
17 years$2,955$2,473$2,059$1,706$1,408$561
18 years$2,761$2,285$1,879$1,538$1,252$467
19 years$2,589$2,118$1,721$1,389$1,116$389
20 years$2,433$1,968$1,579$1,258$997$324
21 years$2,293$1,833$1,452$1,142$892$271
22 years$2,166$1,711$1,339$1,038$800$226
23 years$2,050$1,600$1,236$946$718$189
24 years$1,944$1,499$1,143$862$645$158
25 years$1,846$1,407$1,059$788$581$132
26 years$1,756$1,322$982$720$523$111
27 years$1,673$1,245$912$659$471$93
28 years$1,596$1,173$848$604$425$78
29 years$1,524$1,106$789$554$384$65
30 years$1,457$1,045$735$508$347$55
31 years$1,395$988$685$467$314$46
32 years$1,337$935$639$429$284$38
33 years$1,282$885$597$395$257$32
34 years$1,231$839$558$363$233$27
35 years$1,183$796$521$334$211$23
36 years$1,137$755$488$308$191$19
37 years$1,094$717$456$284$173$16
38 years$1,054$682$427$261$157$13
39 years$1,015$648$400$241$142$11
40 years$979$617$375$222$129$9
41 years$944$587$352$205$117$8
42 years$912$559$330$189$106$7
43 years$880$533$310$175$96$6
44 years$851$508$291$161$87$5
45 years$822$484$273$149$79$4
46 years$795$462$256$138$72$3
47 years$770$441$241$127$65$3
48 years$745$421$226$117$59$2
49 years$722$402$213$109$54$2
50 years$699$384$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 $716,000, adding $4,984 every year, while hoping to spend $58,971 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: 78/12/10 Blend
49$716,000$716,000$716,000$716,000
50$794,173$756,225$745,127$854,385
51$812,434$730,535$707,344$868,971
52$830,581$701,610$666,319$876,864
53$848,540$669,229$621,881$883,813
54$866,229$633,159$573,851$889,700
55$883,552$593,152$522,043$894,392
56$900,405$548,947$466,262$897,747
57$916,669$500,268$406,304$899,608
58$932,211$446,823$341,957$899,800
59$946,883$388,303$272,999$898,136
60$960,518$324,383$199,198$894,408
61$972,931$254,718$120,311$888,387
62$983,915$178,944$36,087$879,825
63$993,239$96,678$0$868,448
64$1,000,647$7,513$0$859,695
65$1,005,853$0$0$851,980
66$1,008,539$0$0$852,868
67$1,008,351$0$0$852,264
68$1,004,897$0$0$848,840
69$997,743$0$0$842,221
70$986,405$0$0$831,990
71$970,348$0$0$817,687
72$948,978$0$0$798,802
73$921,637$0$0$774,769
74$887,597$0$0$744,960
75$846,051$0$0$708,683
76$796,108$0$0$665,169
77$736,778$0$0$613,569
78$666,970$0$0$552,943
79$585,476$0$0$482,252
80$490,958$0$0$400,347
81$381,942$0$0$305,959
82$256,795$0$0$197,683
83$113,713$0$0$73,970
84$0$0$0$0
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