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%12.1%
1 years$59,209$58,682$58,167$57,665$57,175$56,672
2 years$29,311$28,766$28,237$27,724$27,226$26,719
3 years$19,347$18,799$18,271$17,763$17,273$16,779
4 years$14,366$13,819$13,297$12,797$12,319$11,840
5 years$11,378$10,834$10,319$9,829$9,365$8,903
6 years$9,386$8,847$8,339$7,861$7,410$6,966
7 years$7,964$7,430$6,930$6,463$6,027$5,600
8 years$6,898$6,369$5,877$5,421$5,000$4,591
9 years$6,070$5,545$5,062$4,618$4,210$3,819
10 years$5,407$4,888$4,413$3,981$3,587$3,214
11 years$4,866$4,351$3,885$3,464$3,085$2,729
12 years$4,415$3,905$3,448$3,039$2,674$2,334
13 years$4,033$3,529$3,081$2,683$2,331$2,008
14 years$3,707$3,208$2,768$2,381$2,044$1,737
15 years$3,424$2,931$2,499$2,124$1,800$1,508
16 years$3,177$2,689$2,266$1,902$1,590$1,314
17 years$2,959$2,476$2,062$1,709$1,410$1,148
18 years$2,765$2,288$1,882$1,540$1,254$1,006
19 years$2,592$2,121$1,723$1,391$1,118$884
20 years$2,437$1,971$1,581$1,260$998$777
21 years$2,296$1,836$1,454$1,144$893$685
22 years$2,169$1,713$1,340$1,040$801$605
23 years$2,053$1,603$1,238$947$719$534
24 years$1,946$1,501$1,145$864$646$473
25 years$1,849$1,409$1,060$789$581$419
26 years$1,758$1,324$983$721$524$371
27 years$1,675$1,246$913$660$472$329
28 years$1,598$1,174$849$605$426$292
29 years$1,526$1,108$790$555$385$259
30 years$1,460$1,046$736$509$348$230
31 years$1,397$989$686$468$314$205
32 years$1,339$936$640$430$284$182
33 years$1,284$886$598$395$257$162
34 years$1,233$840$558$364$233$144
35 years$1,184$797$522$335$211$128
36 years$1,139$756$488$308$191$114
37 years$1,096$718$457$284$173$102
38 years$1,055$683$428$262$157$91
39 years$1,017$649$401$241$142$81
40 years$980$618$376$223$129$72
41 years$946$588$352$205$117$64
42 years$913$560$331$190$106$57
43 years$882$533$310$175$97$51
44 years$852$508$291$162$88$45
45 years$824$485$273$149$80$40
46 years$797$463$257$138$72$36
47 years$771$441$241$127$66$32
48 years$746$421$227$118$60$29
49 years$723$402$213$109$54$26
50 years$700$384$200$101$49$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $717,000, adding $5,070 every year, while hoping to spend $23,268 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: 62/13/25 Blend
49$717,000$717,000$717,000$717,000
50$795,364$757,363$746,249$839,110
51$851,734$769,717$746,492$881,710
52$913,074$781,896$745,962$925,205
53$979,866$793,867$744,611$972,186
54$1,052,642$805,596$742,384$1,022,998
55$1,131,984$817,043$739,227$1,078,021
56$1,218,537$828,169$735,082$1,137,672
57$1,313,007$838,929$729,887$1,202,414
58$1,416,174$849,276$723,578$1,272,756
59$1,528,895$859,162$716,089$1,349,260
60$1,652,115$868,533$707,350$1,432,547
61$1,786,871$877,332$697,287$1,523,298
62$1,934,310$885,499$685,824$1,622,269
63$2,095,690$892,969$672,880$1,730,290
64$2,272,400$899,674$658,370$1,848,279
65$2,465,966$905,540$642,208$1,977,246
66$2,678,073$910,490$624,300$2,118,308
67$2,910,573$914,440$604,551$2,272,694
68$3,165,507$917,303$582,859$2,441,761
69$3,445,123$918,986$559,119$2,627,004
70$3,751,897$919,387$533,221$2,830,074
71$4,088,556$918,403$505,049$3,052,790
72$4,458,105$915,920$474,484$3,297,157
73$4,863,851$911,820$441,399$3,565,389
74$5,309,441$905,976$405,663$3,859,923
75$5,798,889$898,255$367,138$4,183,451
76$6,336,620$888,513$325,681$4,538,939
77$6,927,505$876,600$281,142$4,929,655
78$7,576,915$862,358$233,364$5,359,207
79$8,290,762$845,615$182,184$5,831,570
80$9,075,564$826,194$127,430$6,351,127
81$9,938,498$803,905$68,926$6,922,712
82$10,887,474$778,545$6,485$7,551,653
83$11,931,207$749,904$0$8,243,825
84$13,079,295$717,755$0$9,021,750
85$14,342,319$681,861$0$9,879,412
86$15,731,933$641,969$0$10,823,008
87$17,260,978$597,814$0$11,861,275
88$18,943,605$549,113$0$13,003,842
89$20,795,402$495,569$0$14,261,319
90$22,833,548$436,867$0$15,645,399
91$25,076,971$372,675$0$17,168,971
92$27,546,528$302,641$0$18,846,233
93$30,265,197$226,395$0$20,692,837
94$33,258,302$143,543$0$22,726,030
95$36,553,744$53,672$0$24,964,819
96$40,182,269$0$0$27,430,149
97$44,177,755$0$0$30,151,350
98$48,577,533$0$0$33,156,425
99$53,422,738$0$0$36,465,802
100$58,758,698$0$0$40,110,448