Can I retire at age 50 with 718,000?

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 $718,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$59,292$58,764$58,248$57,745$57,254$55,645
2 years$29,352$28,806$28,276$27,762$27,264$25,655
3 years$19,374$18,825$18,296$17,788$17,297$15,739
4 years$14,386$13,838$13,315$12,815$12,337$10,840
5 years$11,393$10,849$10,333$9,843$9,378$7,949
6 years$9,399$8,859$8,351$7,872$7,421$6,059
7 years$7,975$7,440$6,939$6,472$6,035$4,741
8 years$6,908$6,377$5,885$5,429$5,007$3,780
9 years$6,078$5,553$5,069$4,624$4,216$3,056
10 years$5,415$4,894$4,419$3,986$3,592$2,497
11 years$4,872$4,357$3,891$3,469$3,090$2,057
12 years$4,421$3,911$3,453$3,043$2,677$1,706
13 years$4,039$3,534$3,085$2,686$2,335$1,422
14 years$3,712$3,213$2,772$2,385$2,047$1,190
15 years$3,429$2,935$2,503$2,127$1,802$1,000
16 years$3,181$2,693$2,269$1,904$1,593$842
17 years$2,963$2,480$2,065$1,711$1,412$711
18 years$2,769$2,291$1,885$1,542$1,256$602
19 years$2,596$2,124$1,725$1,393$1,119$510
20 years$2,440$1,973$1,583$1,262$1,000$433
21 years$2,300$1,838$1,456$1,145$895$368
22 years$2,172$1,716$1,342$1,041$802$313
23 years$2,056$1,605$1,239$948$720$267
24 years$1,949$1,504$1,146$865$647$227
25 years$1,851$1,411$1,062$790$582$194
26 years$1,761$1,326$985$722$524$165
27 years$1,678$1,248$914$661$473$141
28 years$1,600$1,176$850$606$427$120
29 years$1,528$1,109$791$555$385$103
30 years$1,462$1,048$737$510$348$88
31 years$1,399$990$687$468$315$75
32 years$1,341$937$641$430$285$64
33 years$1,286$888$598$396$258$55
34 years$1,234$841$559$364$233$47
35 years$1,186$798$523$335$211$40
36 years$1,140$757$489$309$191$34
37 years$1,097$719$458$284$173$29
38 years$1,057$684$429$262$157$25
39 years$1,018$650$402$242$143$21
40 years$982$618$376$223$129$18
41 years$947$589$353$206$117$16
42 years$914$561$331$190$106$13
43 years$883$534$311$175$97$11
44 years$853$509$292$162$88$10
45 years$825$486$274$149$80$8
46 years$798$463$257$138$72$7
47 years$772$442$242$128$66$6
48 years$747$422$227$118$60$5
49 years$724$403$213$109$54$4
50 years$701$385$201$101$49$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $718,000, adding $5,613 every year, while hoping to spend $46,020 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: 71/22/7 Blend
49$718,000$718,000$718,000$718,000
50$797,026$758,972$747,843$852,372
51$829,358$747,197$723,931$877,905
52$863,445$733,302$697,675$899,602
53$899,418$717,135$668,949$922,075
54$937,419$698,536$637,619$945,389
55$977,603$677,332$603,547$969,617
56$1,020,141$653,343$566,588$994,838
57$1,065,216$626,377$526,589$1,021,143
58$1,113,030$596,232$483,393$1,048,631
59$1,163,806$562,694$436,833$1,077,414
60$1,217,784$525,535$386,736$1,107,617
61$1,275,228$484,517$332,922$1,139,378
62$1,336,429$439,386$275,203$1,172,851
63$1,401,703$389,874$213,380$1,208,209
64$1,471,396$335,698$147,248$1,245,644
65$1,545,890$276,559$76,593$1,285,367
66$1,625,602$212,141$1,189$1,327,617
67$1,710,988$142,110$0$1,372,658
68$1,802,550$66,115$0$1,426,704
69$1,900,838$0$0$1,484,641
70$2,006,456$0$0$1,550,686
71$2,120,067$0$0$1,638,973
72$2,242,398$0$0$1,734,063
73$2,374,248$0$0$1,836,582
74$2,516,496$0$0$1,947,215
75$2,670,105$0$0$2,066,717
76$2,836,136$0$0$2,195,916
77$3,015,752$0$0$2,335,723
78$3,210,235$0$0$2,487,139
79$3,420,992$0$0$2,651,263
80$3,649,570$0$0$2,829,308
81$3,897,672$0$0$3,022,603
82$4,167,169$0$0$3,232,612
83$4,460,121$0$0$3,460,946
84$4,778,793$0$0$3,709,375
85$5,125,677$0$0$3,979,851
86$5,503,516$0$0$4,274,516
87$5,915,328$0$0$4,595,732
88$6,364,433$0$0$4,946,097
89$6,854,489$0$0$5,328,468
90$7,389,518$0$0$5,745,995
91$7,973,950$0$0$6,202,141
92$8,612,660$0$0$6,700,721
93$9,311,019$0$0$7,245,934
94$10,074,936$0$0$7,842,403
95$10,910,919$0$0$8,495,220
96$11,826,136$0$0$9,209,990
97$12,828,477$0$0$9,992,887
98$13,926,634$0$0$10,850,709
99$15,130,176$0$0$11,790,943
100$16,449,645$0$0$12,821,835