Can I retire at age 50 with 721,000?

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 $721,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$59,540$59,009$58,492$57,987$57,494$55,586
2 years$29,475$28,926$28,394$27,878$27,378$25,475
3 years$19,455$18,903$18,373$17,862$17,370$15,531
4 years$14,446$13,896$13,371$12,868$12,388$10,627
5 years$11,441$10,895$10,376$9,884$9,417$7,739
6 years$9,439$8,896$8,386$7,904$7,452$5,858
7 years$8,009$7,471$6,968$6,499$6,060$4,550
8 years$6,937$6,404$5,910$5,452$5,027$3,600
9 years$6,104$5,576$5,090$4,644$4,234$2,888
10 years$5,438$4,915$4,438$4,003$3,607$2,340
11 years$4,893$4,375$3,907$3,484$3,103$1,912
12 years$4,439$3,927$3,467$3,056$2,689$1,572
13 years$4,056$3,549$3,098$2,698$2,345$1,299
14 years$3,727$3,226$2,783$2,395$2,055$1,077
15 years$3,443$2,947$2,513$2,136$1,810$897
16 years$3,194$2,704$2,278$1,912$1,599$748
17 years$2,975$2,490$2,073$1,718$1,418$626
18 years$2,781$2,301$1,893$1,548$1,261$525
19 years$2,607$2,133$1,733$1,399$1,124$440
20 years$2,450$1,982$1,590$1,267$1,004$370
21 years$2,309$1,846$1,463$1,150$898$311
22 years$2,181$1,723$1,348$1,046$805$262
23 years$2,064$1,611$1,245$952$723$221
24 years$1,957$1,510$1,151$869$650$186
25 years$1,859$1,417$1,066$793$585$157
26 years$1,768$1,332$989$725$527$133
27 years$1,685$1,253$918$664$475$112
28 years$1,607$1,181$854$608$428$95
29 years$1,535$1,114$794$558$387$80
30 years$1,468$1,052$740$512$350$68
31 years$1,405$995$690$470$316$57
32 years$1,346$941$644$432$286$48
33 years$1,291$891$601$397$259$41
34 years$1,240$845$561$366$234$34
35 years$1,191$801$525$337$212$29
36 years$1,145$760$491$310$192$25
37 years$1,102$722$460$286$174$21
38 years$1,061$686$430$263$158$18
39 years$1,022$653$403$243$143$15
40 years$986$621$378$224$130$13
41 years$951$591$354$207$118$11
42 years$918$563$332$191$107$9
43 years$887$536$312$176$97$8
44 years$857$511$293$162$88$6
45 years$828$488$275$150$80$5
46 years$801$465$258$139$73$5
47 years$775$444$243$128$66$4
48 years$750$424$228$118$60$3
49 years$727$405$214$109$54$3
50 years$704$387$201$101$49$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $721,000, adding $2,260 every year, while hoping to spend $22,837 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: 44/31/25 Blend
49$721,000$721,000$721,000$721,000
50$796,873$758,660$747,485$826,068
51$853,856$771,536$748,227$859,900
52$915,885$784,278$748,229$894,173
53$983,452$796,854$747,441$930,875
54$1,057,097$809,232$745,813$970,244
55$1,137,413$821,377$743,290$1,012,543
56$1,225,055$833,250$739,816$1,058,061
57$1,320,743$844,811$735,332$1,107,120
58$1,425,268$856,017$729,775$1,160,074
59$1,539,505$866,821$723,082$1,217,314
60$1,664,412$877,173$715,183$1,279,272
61$1,801,049$887,021$706,008$1,346,426
62$1,950,578$896,308$695,482$1,419,301
63$2,114,283$904,973$683,527$1,498,481
64$2,293,576$912,952$670,060$1,584,608
65$2,490,011$920,177$654,997$1,678,391
66$2,705,300$926,574$638,248$1,780,614
67$2,941,330$932,066$619,719$1,892,142
68$3,200,179$936,569$599,312$2,013,931
69$3,484,133$939,997$576,925$2,147,033
70$3,795,712$942,255$552,450$2,292,614
71$4,137,693$943,244$525,776$2,451,958
72$4,513,133$942,858$496,784$2,626,482
73$4,925,400$940,985$465,354$2,817,753
74$5,378,203$937,506$431,356$3,027,496
75$5,875,631$932,295$394,657$3,257,619
76$6,422,185$925,217$355,118$3,510,225
77$7,022,825$916,130$312,592$3,787,634
78$7,683,016$904,884$266,927$4,092,410
79$8,408,779$891,318$217,964$4,427,376
80$9,206,746$875,263$165,537$4,795,652
81$10,084,223$856,541$109,472$5,200,678
82$11,049,263$834,960$49,588$5,646,249
83$12,110,735$810,320$0$6,136,552
84$13,278,411$782,408$0$6,680,025
85$14,563,061$750,998$0$7,292,307
86$15,976,549$715,852$0$7,965,832
87$17,531,945$676,717$0$8,706,856
88$19,243,655$633,327$0$9,522,276
89$21,127,548$585,400$0$10,419,695
90$23,201,110$532,637$0$11,407,493
91$25,483,610$474,724$0$12,494,912
92$27,996,279$411,326$0$13,692,135
93$30,762,510$342,091$0$15,010,393
94$33,808,081$266,649$0$16,462,061
95$37,161,396$184,605$0$18,060,785
96$40,853,753$95,545$0$19,821,605
97$44,919,640$0$0$21,761,100
98$49,397,060$0$0$23,897,876
99$54,327,888$0$0$26,287,043
100$59,758,270$0$0$28,918,379