Can I retire at age 50 with 717,000?

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 $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%12.7%
1 years$59,209$58,682$58,167$57,665$57,175$56,530
2 years$29,311$28,766$28,237$27,724$27,226$26,578
3 years$19,347$18,799$18,271$17,763$17,273$16,641
4 years$14,366$13,819$13,297$12,797$12,319$11,708
5 years$11,378$10,834$10,319$9,829$9,365$8,776
6 years$9,386$8,847$8,339$7,861$7,410$6,844
7 years$7,964$7,430$6,930$6,463$6,027$5,484
8 years$6,898$6,369$5,877$5,421$5,000$4,480
9 years$6,070$5,545$5,062$4,618$4,210$3,714
10 years$5,407$4,888$4,413$3,981$3,587$3,114
11 years$4,866$4,351$3,885$3,464$3,085$2,634
12 years$4,415$3,905$3,448$3,039$2,674$2,245
13 years$4,033$3,529$3,081$2,683$2,331$1,924
14 years$3,707$3,208$2,768$2,381$2,044$1,657
15 years$3,424$2,931$2,499$2,124$1,800$1,433
16 years$3,177$2,689$2,266$1,902$1,590$1,244
17 years$2,959$2,476$2,062$1,709$1,410$1,082
18 years$2,765$2,288$1,882$1,540$1,254$944
19 years$2,592$2,121$1,723$1,391$1,118$826
20 years$2,437$1,971$1,581$1,260$998$723
21 years$2,296$1,836$1,454$1,144$893$635
22 years$2,169$1,713$1,340$1,040$801$557
23 years$2,053$1,603$1,238$947$719$490
24 years$1,946$1,501$1,145$864$646$432
25 years$1,849$1,409$1,060$789$581$381
26 years$1,758$1,324$983$721$524$336
27 years$1,675$1,246$913$660$472$296
28 years$1,598$1,174$849$605$426$262
29 years$1,526$1,108$790$555$385$231
30 years$1,460$1,046$736$509$348$204
31 years$1,397$989$686$468$314$181
32 years$1,339$936$640$430$284$160
33 years$1,284$886$598$395$257$142
34 years$1,233$840$558$364$233$125
35 years$1,184$797$522$335$211$111
36 years$1,139$756$488$308$191$98
37 years$1,096$718$457$284$173$87
38 years$1,055$683$428$262$157$77
39 years$1,017$649$401$241$142$68
40 years$980$618$376$223$129$61
41 years$946$588$352$205$117$54
42 years$913$560$331$190$106$48
43 years$882$533$310$175$97$42
44 years$852$508$291$162$88$37
45 years$824$485$273$149$80$33
46 years$797$463$257$138$72$29
47 years$771$441$241$127$66$26
48 years$746$421$227$118$60$23
49 years$723$402$213$109$54$21
50 years$700$384$200$101$49$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $717,000, adding $2,377 every year, while hoping to spend $37,968 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: 52/30/18 Blend
49$717,000$717,000$717,000$717,000
50$792,586$754,585$743,471$829,778
51$833,032$751,162$727,980$852,158
52$876,331$746,299$710,697$872,318
53$922,734$739,884$691,523$893,420
54$972,516$731,802$670,352$915,565
55$1,025,979$721,927$647,075$938,867
56$1,083,455$710,127$621,578$963,453
57$1,145,308$696,264$593,741$989,465
58$1,211,937$680,188$563,439$1,017,063
59$1,283,780$661,743$530,540$1,046,424
60$1,361,321$640,764$494,909$1,077,748
61$1,445,089$617,075$456,401$1,111,255
62$1,535,666$590,489$414,869$1,147,195
63$1,633,692$560,811$370,155$1,185,842
64$1,739,870$527,832$322,097$1,227,504
65$1,854,974$491,333$270,524$1,272,523
66$1,979,854$451,082$215,259$1,321,281
67$2,115,446$406,831$156,117$1,374,202
68$2,262,778$358,322$92,903$1,431,758
69$2,422,981$305,280$25,416$1,494,473
70$2,597,302$247,416$0$1,562,931
71$2,787,109$184,421$0$1,646,730
72$2,993,911$115,974$0$1,743,429
73$3,219,365$41,733$0$1,848,986
74$3,465,298$0$0$1,964,332
75$3,733,720$0$0$2,103,263
76$4,026,842$0$0$2,270,089
77$4,347,099$0$0$2,452,430
78$4,697,172$0$0$2,651,819
79$5,080,013$0$0$2,869,947
80$5,498,871$0$0$3,108,674
81$5,957,324$0$0$3,370,051
82$6,459,313$0$0$3,656,333
83$7,009,177$0$0$3,970,006
84$7,611,694$0$0$4,313,806
85$8,272,126$0$0$4,690,749
86$8,996,270$0$0$5,104,152
87$9,790,508$0$0$5,557,674
88$10,661,872$0$0$6,055,341
89$11,618,107$0$0$6,601,590
90$12,667,742$0$0$7,201,307
91$13,820,174$0$0$7,859,876
92$15,085,755$0$0$8,583,226
93$16,475,887$0$0$9,377,889
94$18,003,130$0$0$10,251,062
95$19,681,324$0$0$11,210,673
96$21,525,712$0$0$12,265,454
97$23,553,091$0$0$13,425,029
98$25,781,962$0$0$14,699,999
99$28,232,711$0$0$16,102,042
100$30,927,798$0$0$17,644,027