Can I retire at age 50 with 720,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$59,457$58,927$58,411$57,906$57,414$57,076
2 years$29,434$28,886$28,355$27,840$27,340$26,999
3 years$19,428$18,877$18,347$17,837$17,346$17,012
4 years$14,426$13,877$13,352$12,851$12,371$12,048
5 years$11,425$10,880$10,362$9,870$9,404$9,092
6 years$9,425$8,884$8,374$7,894$7,441$7,141
7 years$7,998$7,461$6,959$6,490$6,052$5,763
8 years$6,927$6,395$5,902$5,444$5,020$4,743
9 years$6,095$5,568$5,083$4,637$4,228$3,962
10 years$5,430$4,908$4,431$3,997$3,602$3,348
11 years$4,886$4,369$3,901$3,479$3,098$2,855
12 years$4,433$3,922$3,462$3,051$2,685$2,453
13 years$4,050$3,544$3,093$2,694$2,341$2,120
14 years$3,722$3,221$2,779$2,391$2,052$1,842
15 years$3,438$2,943$2,509$2,133$1,807$1,607
16 years$3,190$2,700$2,275$1,910$1,597$1,407
17 years$2,971$2,487$2,070$1,716$1,416$1,235
18 years$2,777$2,298$1,890$1,546$1,259$1,088
19 years$2,603$2,130$1,730$1,397$1,122$960
20 years$2,447$1,979$1,588$1,265$1,002$849
21 years$2,306$1,843$1,461$1,148$897$752
22 years$2,178$1,721$1,346$1,044$804$667
23 years$2,061$1,609$1,243$951$722$593
24 years$1,954$1,508$1,149$867$649$527
25 years$1,856$1,415$1,065$792$584$469
26 years$1,766$1,330$987$724$526$418
27 years$1,682$1,252$917$663$474$373
28 years$1,605$1,179$852$607$428$333
29 years$1,533$1,113$793$557$386$297
30 years$1,466$1,051$739$511$349$266
31 years$1,403$993$689$469$316$237
32 years$1,344$940$643$431$285$212
33 years$1,289$890$600$397$258$190
34 years$1,238$844$561$365$234$170
35 years$1,189$800$524$336$212$152
36 years$1,144$759$490$309$192$136
37 years$1,100$721$459$285$174$122
38 years$1,060$685$430$263$158$109
39 years$1,021$652$403$242$143$98
40 years$984$620$377$224$130$88
41 years$950$590$354$206$118$79
42 years$917$562$332$190$107$71
43 years$885$536$312$176$97$63
44 years$855$511$292$162$88$57
45 years$827$487$275$150$80$51
46 years$800$464$258$138$73$46
47 years$774$443$242$128$66$41
48 years$749$423$228$118$60$37
49 years$726$404$214$109$54$33
50 years$703$386$201$101$49$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $720,000, adding $3,984 every year, while hoping to spend $49,507 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: 76/14/10 Blend
49$720,000$720,000$720,000$720,000
50$797,549$759,389$748,229$856,457
51$826,224$743,925$720,620$880,330
52$856,165$726,042$690,427$899,804
53$887,448$705,573$657,510$919,746
54$920,156$682,334$621,725$940,184
55$954,380$656,136$582,921$961,149
56$990,216$626,776$540,938$982,676
57$1,027,770$594,040$495,611$1,004,806
58$1,067,155$557,701$446,767$1,027,583
59$1,108,496$517,520$394,225$1,051,057
60$1,151,928$473,243$337,796$1,075,284
61$1,197,596$424,604$277,284$1,100,327
62$1,245,660$371,318$212,482$1,126,257
63$1,296,292$313,087$143,175$1,153,152
64$1,349,681$249,596$69,139$1,181,102
65$1,406,033$180,511$0$1,210,205
66$1,465,571$105,479$0$1,241,626
67$1,528,540$24,128$0$1,282,375
68$1,595,207$0$0$1,325,234
69$1,665,862$0$0$1,380,235
70$1,740,824$0$0$1,442,547
71$1,820,442$0$0$1,508,742
72$1,905,095$0$0$1,579,139
73$1,995,200$0$0$1,654,087
74$2,091,213$0$0$1,733,966
75$2,193,633$0$0$1,819,195
76$2,303,007$0$0$1,910,231
77$2,419,935$0$0$2,007,575
78$2,545,073$0$0$2,111,776
79$2,679,142$0$0$2,223,439
80$2,822,931$0$0$2,343,223
81$2,977,308$0$0$2,471,854
82$3,143,225$0$0$2,610,129
83$3,321,725$0$0$2,758,921
84$3,513,956$0$0$2,919,191
85$3,721,177$0$0$3,091,993
86$3,944,772$0$0$3,278,484
87$4,186,260$0$0$3,479,937
88$4,447,313$0$0$3,697,750
89$4,729,765$0$0$3,933,461
90$5,035,636$0$0$4,188,758
91$5,367,144$0$0$4,465,498
92$5,726,729$0$0$4,765,726
93$6,117,073$0$0$5,091,686
94$6,541,129$0$0$5,445,849
95$7,002,142$0$0$5,830,933
96$7,503,683$0$0$6,249,929
97$8,049,683$0$0$6,706,126
98$8,644,464$0$0$7,203,144
99$9,292,784$0$0$7,744,967
100$9,999,881$0$0$8,335,980