Can I retire at age 50 with 719,000?

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 $719,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$59,374$58,845$58,329$57,826$57,334$56,384
2 years$29,393$28,846$28,315$27,801$27,302$26,348
3 years$19,401$18,851$18,322$17,812$17,321$16,393
4 years$14,406$13,858$13,334$12,833$12,354$11,458
5 years$11,409$10,864$10,347$9,857$9,391$8,530
6 years$9,412$8,872$8,362$7,883$7,431$6,606
7 years$7,987$7,450$6,949$6,481$6,043$5,255
8 years$6,918$6,386$5,893$5,436$5,014$4,261
9 years$6,087$5,560$5,076$4,631$4,222$3,505
10 years$5,422$4,901$4,425$3,992$3,597$2,916
11 years$4,879$4,363$3,896$3,474$3,094$2,447
12 years$4,427$3,916$3,458$3,047$2,681$2,068
13 years$4,044$3,539$3,089$2,690$2,338$1,757
14 years$3,717$3,217$2,776$2,388$2,049$1,500
15 years$3,433$2,939$2,506$2,130$1,805$1,286
16 years$3,185$2,696$2,272$1,907$1,595$1,106
17 years$2,967$2,483$2,067$1,713$1,414$954
18 years$2,773$2,295$1,887$1,544$1,257$824
19 years$2,600$2,127$1,728$1,395$1,121$714
20 years$2,444$1,976$1,586$1,264$1,001$619
21 years$2,303$1,841$1,459$1,147$896$538
22 years$2,175$1,718$1,344$1,043$803$468
23 years$2,058$1,607$1,241$950$721$408
24 years$1,952$1,506$1,148$866$648$355
25 years$1,854$1,413$1,063$791$583$310
26 years$1,763$1,328$986$723$525$271
27 years$1,680$1,250$916$662$473$236
28 years$1,602$1,178$851$607$427$207
29 years$1,531$1,111$792$556$386$181
30 years$1,464$1,049$738$510$349$158
31 years$1,401$992$688$469$315$138
32 years$1,342$939$642$431$285$121
33 years$1,288$889$599$396$258$106
34 years$1,236$842$560$365$234$93
35 years$1,188$799$523$336$212$81
36 years$1,142$758$490$309$192$71
37 years$1,099$720$458$285$174$62
38 years$1,058$684$429$262$157$55
39 years$1,020$651$402$242$143$48
40 years$983$619$377$223$130$42
41 years$948$589$353$206$118$37
42 years$915$561$332$190$107$32
43 years$884$535$311$175$97$28
44 years$854$510$292$162$88$25
45 years$826$486$274$150$80$22
46 years$799$464$258$138$72$19
47 years$773$443$242$128$66$17
48 years$748$423$227$118$60$15
49 years$725$404$214$109$54$13
50 years$702$385$201$101$49$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $719,000, adding $5,044 every year, while hoping to spend $20,303 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: 74/14/12 Blend
49$719,000$719,000$719,000$719,000
50$797,541$759,434$748,289$854,263
51$857,288$775,044$751,755$908,022
52$922,448$790,738$754,656$963,883
53$993,554$806,500$756,952$1,024,528
54$1,071,187$822,310$758,602$1,090,426
55$1,155,993$838,148$759,559$1,162,092
56$1,248,679$853,991$759,779$1,240,096
57$1,350,023$869,816$759,211$1,325,063
58$1,460,886$885,597$757,804$1,417,683
59$1,582,211$901,306$755,505$1,518,716
60$1,715,039$916,912$752,257$1,628,998
61$1,860,515$932,384$748,001$1,749,454
62$2,019,903$947,685$742,674$1,881,098
63$2,194,591$962,780$736,211$2,025,050
64$2,386,109$977,627$728,545$2,182,545
65$2,596,145$992,182$719,603$2,354,941
66$2,826,553$1,006,401$709,311$2,543,737
67$3,079,380$1,020,233$697,591$2,750,583
68$3,356,877$1,033,625$684,361$2,977,299
69$3,661,526$1,046,520$669,535$3,225,889
70$3,996,060$1,058,858$653,023$3,498,562
71$4,363,490$1,070,573$634,731$3,797,751
72$4,767,132$1,081,598$614,560$4,126,140
73$5,210,641$1,091,858$592,409$4,486,685
74$5,698,041$1,101,274$568,170$4,882,643
75$6,233,768$1,109,762$541,730$5,317,605
76$6,822,706$1,117,234$512,972$5,795,527
77$7,470,238$1,123,595$481,773$6,320,769
78$8,182,295$1,128,744$448,005$6,898,137
79$8,965,409$1,132,572$411,533$7,532,925
80$9,826,779$1,134,967$372,218$8,230,971
81$10,774,337$1,135,806$329,913$8,998,707
82$11,816,819$1,134,961$284,465$9,843,219
83$12,963,856$1,132,295$235,716$10,772,320
84$14,226,054$1,127,662$183,497$11,794,620
85$15,615,103$1,120,909$127,636$12,919,605
86$17,143,881$1,111,872$67,949$14,157,733
87$18,826,580$1,100,377$4,249$15,520,526
88$20,678,837$1,086,240$0$17,020,684
89$22,717,879$1,069,267$0$18,680,365
90$24,962,693$1,049,251$0$20,507,943
91$27,434,196$1,025,973$0$22,519,900
92$30,155,441$999,202$0$24,735,000
93$33,151,825$968,693$0$27,173,920
94$36,451,337$934,185$0$29,859,444
95$40,084,818$895,404$0$32,816,682
96$44,086,249$852,059$0$36,073,303
97$48,493,080$803,843$0$39,659,801
98$53,346,573$750,430$0$43,609,777
99$58,692,199$691,477$0$47,960,260
100$64,580,064$626,620$0$52,752,057