Can I retire at age 50 with 720,000?

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 $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%13.8%
1 years$59,457$58,927$58,411$57,906$57,414$56,509
2 years$29,434$28,886$28,355$27,840$27,340$26,431
3 years$19,428$18,877$18,347$17,837$17,346$16,460
4 years$14,426$13,877$13,352$12,851$12,371$11,516
5 years$11,425$10,880$10,362$9,870$9,404$8,583
6 years$9,425$8,884$8,374$7,894$7,441$6,654
7 years$7,998$7,461$6,959$6,490$6,052$5,299
8 years$6,927$6,395$5,902$5,444$5,020$4,302
9 years$6,095$5,568$5,083$4,637$4,228$3,543
10 years$5,430$4,908$4,431$3,997$3,602$2,951
11 years$4,886$4,369$3,901$3,479$3,098$2,479
12 years$4,433$3,922$3,462$3,051$2,685$2,098
13 years$4,050$3,544$3,093$2,694$2,341$1,785
14 years$3,722$3,221$2,779$2,391$2,052$1,526
15 years$3,438$2,943$2,509$2,133$1,807$1,310
16 years$3,190$2,700$2,275$1,910$1,597$1,128
17 years$2,971$2,487$2,070$1,716$1,416$974
18 years$2,777$2,298$1,890$1,546$1,259$843
19 years$2,603$2,130$1,730$1,397$1,122$732
20 years$2,447$1,979$1,588$1,265$1,002$636
21 years$2,306$1,843$1,461$1,148$897$553
22 years$2,178$1,721$1,346$1,044$804$482
23 years$2,061$1,609$1,243$951$722$420
24 years$1,954$1,508$1,149$867$649$367
25 years$1,856$1,415$1,065$792$584$321
26 years$1,766$1,330$987$724$526$280
27 years$1,682$1,252$917$663$474$245
28 years$1,605$1,179$852$607$428$215
29 years$1,533$1,113$793$557$386$188
30 years$1,466$1,051$739$511$349$165
31 years$1,403$993$689$469$316$144
32 years$1,344$940$643$431$285$127
33 years$1,289$890$600$397$258$111
34 years$1,238$844$561$365$234$97
35 years$1,189$800$524$336$212$85
36 years$1,144$759$490$309$192$75
37 years$1,100$721$459$285$174$66
38 years$1,060$685$430$263$158$58
39 years$1,021$652$403$242$143$51
40 years$984$620$377$224$130$45
41 years$950$590$354$206$118$39
42 years$917$562$332$190$107$34
43 years$885$536$312$176$97$30
44 years$855$511$292$162$88$26
45 years$827$487$275$150$80$23
46 years$800$464$258$138$73$20
47 years$774$443$242$128$66$18
48 years$749$423$228$118$60$16
49 years$726$404$214$109$54$14
50 years$703$386$201$101$49$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $720,000, adding $2,796 every year, while hoping to spend $37,502 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: 53/35/12 Blend
49$720,000$720,000$720,000$720,000
50$796,324$758,164$747,004$835,887
51$837,647$755,412$732,127$860,386
52$881,929$751,269$715,494$882,760
53$929,430$745,626$697,008$906,236
54$980,439$738,369$676,565$930,930
55$1,035,272$729,377$654,058$956,966
56$1,094,275$718,521$629,374$984,488
57$1,157,828$705,666$602,396$1,013,651
58$1,226,350$690,667$572,999$1,044,633
59$1,300,299$673,371$541,056$1,077,630
60$1,380,181$653,617$506,432$1,112,860
61$1,466,548$631,234$468,987$1,150,567
62$1,560,011$606,039$428,573$1,191,022
63$1,661,240$577,843$385,038$1,234,526
64$1,770,970$546,441$338,220$1,281,417
65$1,890,012$511,619$287,953$1,332,067
66$2,019,255$473,151$234,062$1,386,892
67$2,159,680$430,796$176,364$1,446,353
68$2,312,364$384,301$114,669$1,510,962
69$2,478,492$333,399$48,777$1,581,291
70$2,659,368$277,806$0$1,657,969
71$2,856,428$217,223$0$1,744,459
72$3,071,251$151,334$0$1,845,623
73$3,305,576$79,806$0$1,956,103
74$3,561,314$2,286$0$2,076,887
75$3,840,573$0$0$2,209,069
76$4,145,670$0$0$2,385,283
77$4,479,158$0$0$2,578,925
78$4,843,847$0$0$2,790,754
79$5,242,830$0$0$3,022,576
80$5,679,514$0$0$3,276,380
81$6,157,651$0$0$3,554,355
82$6,681,370$0$0$3,858,913
83$7,255,221$0$0$4,192,709
84$7,884,214$0$0$4,558,668
85$8,573,867$0$0$4,960,012
86$9,330,256$0$0$5,400,288
87$10,160,075$0$0$5,883,404
88$11,070,697$0$0$6,413,665
89$12,070,243$0$0$6,995,813
90$13,167,658$0$0$7,635,071
91$14,372,796$0$0$8,337,191
92$15,696,513$0$0$9,108,513
93$17,150,766$0$0$9,956,020
94$18,748,729$0$0$10,887,403
95$20,504,914$0$0$11,911,137
96$22,435,311$0$0$13,036,558
97$24,557,533$0$0$14,273,952
98$26,890,987$0$0$15,634,652
99$29,457,054$0$0$17,131,143
100$32,279,290$0$0$18,777,181