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%13.7%
1 years$59,292$58,764$58,248$57,745$57,254$56,375
2 years$29,352$28,806$28,276$27,762$27,264$26,381
3 years$19,374$18,825$18,296$17,788$17,297$16,437
4 years$14,386$13,838$13,315$12,815$12,337$11,506
5 years$11,393$10,849$10,333$9,843$9,378$8,580
6 years$9,399$8,859$8,351$7,872$7,421$6,655
7 years$7,975$7,440$6,939$6,472$6,035$5,303
8 years$6,908$6,377$5,885$5,429$5,007$4,307
9 years$6,078$5,553$5,069$4,624$4,216$3,550
10 years$5,415$4,894$4,419$3,986$3,592$2,958
11 years$4,872$4,357$3,891$3,469$3,090$2,487
12 years$4,421$3,911$3,453$3,043$2,677$2,106
13 years$4,039$3,534$3,085$2,686$2,335$1,793
14 years$3,712$3,213$2,772$2,385$2,047$1,534
15 years$3,429$2,935$2,503$2,127$1,802$1,318
16 years$3,181$2,693$2,269$1,904$1,593$1,136
17 years$2,963$2,480$2,065$1,711$1,412$981
18 years$2,769$2,291$1,885$1,542$1,256$850
19 years$2,596$2,124$1,725$1,393$1,119$738
20 years$2,440$1,973$1,583$1,262$1,000$642
21 years$2,300$1,838$1,456$1,145$895$559
22 years$2,172$1,716$1,342$1,041$802$487
23 years$2,056$1,605$1,239$948$720$425
24 years$1,949$1,504$1,146$865$647$372
25 years$1,851$1,411$1,062$790$582$325
26 years$1,761$1,326$985$722$524$284
27 years$1,678$1,248$914$661$473$249
28 years$1,600$1,176$850$606$427$218
29 years$1,528$1,109$791$555$385$191
30 years$1,462$1,048$737$510$348$168
31 years$1,399$990$687$468$315$147
32 years$1,341$937$641$430$285$129
33 years$1,286$888$598$396$258$113
34 years$1,234$841$559$364$233$99
35 years$1,186$798$523$335$211$87
36 years$1,140$757$489$309$191$77
37 years$1,097$719$458$284$173$67
38 years$1,057$684$429$262$157$59
39 years$1,018$650$402$242$143$52
40 years$982$618$376$223$129$46
41 years$947$589$353$206$117$40
42 years$914$561$331$190$106$35
43 years$883$534$311$175$97$31
44 years$853$509$292$162$88$27
45 years$825$486$274$149$80$24
46 years$798$463$257$138$72$21
47 years$772$442$242$128$66$19
48 years$747$422$227$118$60$16
49 years$724$403$213$109$54$14
50 years$701$385$201$101$49$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $718,000, adding $2,304 every year, while hoping to spend $53,043 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: 37/49/14 Blend
49$718,000$718,000$718,000$718,000
50$793,613$755,559$744,430$819,506
51$818,124$736,144$712,931$818,871
52$843,357$714,000$678,599$812,928
53$869,331$688,937$641,283$805,358
54$896,062$660,754$600,825$796,043
55$923,569$629,239$557,061$784,858
56$951,869$594,168$509,819$771,668
57$980,979$555,302$458,918$756,333
58$1,010,918$512,390$404,170$738,704
59$1,041,701$465,167$345,379$718,622
60$1,073,346$413,352$282,341$695,922
61$1,105,868$356,647$214,840$670,425
62$1,139,283$294,740$142,654$641,945
63$1,173,607$227,298$65,550$610,285
64$1,208,851$153,973$0$575,234
65$1,245,031$74,394$0$539,071
66$1,282,156$0$0$509,674
67$1,320,237$0$0$483,412
68$1,359,282$0$0$497,603
69$1,399,298$0$0$512,135
70$1,440,289$0$0$527,008
71$1,482,256$0$0$542,222
72$1,525,198$0$0$557,773
73$1,569,110$0$0$573,658
74$1,613,984$0$0$589,872
75$1,659,807$0$0$606,408
76$1,706,562$0$0$623,255
77$1,754,226$0$0$640,403
78$1,802,770$0$0$657,838
79$1,852,157$0$0$675,543
80$1,902,346$0$0$693,498
81$1,953,284$0$0$711,679
82$2,004,910$0$0$730,059
83$2,057,153$0$0$748,607
84$2,109,927$0$0$767,284
85$2,163,138$0$0$786,051
86$2,216,673$0$0$804,857
87$2,270,405$0$0$823,648
88$2,324,187$0$0$842,361
89$2,377,855$0$0$860,927
90$2,431,220$0$0$879,264
91$2,484,069$0$0$897,284
92$2,536,162$0$0$914,884
93$2,587,229$0$0$931,950
94$2,636,963$0$0$948,356
95$2,685,025$0$0$963,957
96$2,731,030$0$0$978,594
97$2,774,550$0$0$992,087
98$2,815,105$0$0$1,004,238
99$2,852,160$0$0$1,014,824
100$2,885,116$0$0$1,023,596