Can I retire at age 50 with 717,000?

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 $717,000?

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$59,209$58,682$58,167$57,665$57,175$56,043
2 years$29,311$28,766$28,237$27,724$27,226$26,091
3 years$19,347$18,799$18,271$17,763$17,273$16,170
4 years$14,366$13,819$13,297$12,797$12,319$11,256
5 years$11,378$10,834$10,319$9,829$9,365$8,345
6 years$9,386$8,847$8,339$7,861$7,410$6,435
7 years$7,964$7,430$6,930$6,463$6,027$5,095
8 years$6,898$6,369$5,877$5,421$5,000$4,113
9 years$6,070$5,545$5,062$4,618$4,210$3,367
10 years$5,407$4,888$4,413$3,981$3,587$2,787
11 years$4,866$4,351$3,885$3,464$3,085$2,327
12 years$4,415$3,905$3,448$3,039$2,674$1,956
13 years$4,033$3,529$3,081$2,683$2,331$1,654
14 years$3,707$3,208$2,768$2,381$2,044$1,405
15 years$3,424$2,931$2,499$2,124$1,800$1,197
16 years$3,177$2,689$2,266$1,902$1,590$1,024
17 years$2,959$2,476$2,062$1,709$1,410$878
18 years$2,765$2,288$1,882$1,540$1,254$754
19 years$2,592$2,121$1,723$1,391$1,118$650
20 years$2,437$1,971$1,581$1,260$998$560
21 years$2,296$1,836$1,454$1,144$893$484
22 years$2,169$1,713$1,340$1,040$801$418
23 years$2,053$1,603$1,238$947$719$362
24 years$1,946$1,501$1,145$864$646$314
25 years$1,849$1,409$1,060$789$581$272
26 years$1,758$1,324$983$721$524$236
27 years$1,675$1,246$913$660$472$205
28 years$1,598$1,174$849$605$426$178
29 years$1,526$1,108$790$555$385$154
30 years$1,460$1,046$736$509$348$134
31 years$1,397$989$686$468$314$117
32 years$1,339$936$640$430$284$101
33 years$1,284$886$598$395$257$88
34 years$1,233$840$558$364$233$77
35 years$1,184$797$522$335$211$67
36 years$1,139$756$488$308$191$58
37 years$1,096$718$457$284$173$51
38 years$1,055$683$428$262$157$44
39 years$1,017$649$401$241$142$38
40 years$980$618$376$223$129$33
41 years$946$588$352$205$117$29
42 years$913$560$331$190$106$25
43 years$882$533$310$175$97$22
44 years$852$508$291$162$88$19
45 years$824$485$273$149$80$17
46 years$797$463$257$138$72$15
47 years$771$441$241$127$66$13
48 years$746$421$227$118$60$11
49 years$723$402$213$109$54$10
50 years$700$384$200$101$49$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $717,000, adding $3,115 every year, while hoping to spend $33,326 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: 46/36/18 Blend
49$717,000$717,000$717,000$717,000
50$793,347$755,346$744,233$825,635
51$838,810$756,899$733,706$850,039
52$887,793$757,412$721,709$872,911
53$940,620$756,798$708,159$897,018
54$997,647$754,964$692,966$922,492
55$1,059,265$751,816$676,039$949,476
56$1,125,904$747,248$657,279$978,131
57$1,198,036$741,153$636,588$1,008,636
58$1,276,179$733,413$613,857$1,041,193
59$1,360,905$723,906$588,977$1,076,022
60$1,452,842$712,503$561,833$1,113,371
61$1,552,680$699,063$532,302$1,153,516
62$1,661,179$683,442$500,259$1,196,764
63$1,779,173$665,485$465,572$1,243,454
64$1,907,582$645,027$428,102$1,293,965
65$2,047,417$621,895$387,705$1,348,718
66$2,199,791$595,905$344,231$1,408,179
67$2,365,929$566,864$297,521$1,472,866
68$2,547,178$534,564$247,413$1,543,355
69$2,745,022$498,790$193,733$1,620,284
70$2,961,094$459,311$136,303$1,704,360
71$3,197,192$415,883$74,936$1,796,369
72$3,455,295$368,251$9,436$1,897,181
73$3,737,582$316,143$0$2,007,759
74$4,046,453$259,271$0$2,140,786
75$4,384,549$197,333$0$2,288,520
76$4,754,780$130,009$0$2,450,502
77$5,160,349$56,961$0$2,628,227
78$5,604,785$0$0$2,823,349
79$6,091,972$0$0$3,046,477
80$6,626,191$0$0$3,315,971
81$7,212,154$0$0$3,611,653
82$7,855,054$0$0$3,936,156
83$8,560,608$0$0$4,292,375
84$9,335,115$0$0$4,683,502
85$10,185,514$0$0$5,113,053
86$11,119,447$0$0$5,584,902
87$12,145,334$0$0$6,103,314
88$13,272,450$0$0$6,672,990
89$14,511,014$0$0$7,299,107
90$15,872,281$0$0$7,987,371
91$17,368,653$0$0$8,744,066
92$19,013,794$0$0$9,576,116
93$20,822,755$0$0$10,491,151
94$22,812,122$0$0$11,497,575
95$25,000,165$0$0$12,604,648
96$27,407,017$0$0$13,822,573
97$30,054,858$0$0$15,162,593
98$32,968,127$0$0$16,637,094
99$36,173,751$0$0$18,259,723
100$39,701,399$0$0$20,045,518