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%11.9%
1 years$59,540$59,009$58,492$57,987$57,494$57,036
2 years$29,475$28,926$28,394$27,878$27,378$26,916
3 years$19,455$18,903$18,373$17,862$17,370$16,919
4 years$14,446$13,896$13,371$12,868$12,388$11,951
5 years$11,441$10,895$10,376$9,884$9,417$8,996
6 years$9,439$8,896$8,386$7,904$7,452$7,046
7 years$8,009$7,471$6,968$6,499$6,060$5,671
8 years$6,937$6,404$5,910$5,452$5,027$4,654
9 years$6,104$5,576$5,090$4,644$4,234$3,876
10 years$5,438$4,915$4,438$4,003$3,607$3,266
11 years$4,893$4,375$3,907$3,484$3,103$2,776
12 years$4,439$3,927$3,467$3,056$2,689$2,378
13 years$4,056$3,549$3,098$2,698$2,345$2,049
14 years$3,727$3,226$2,783$2,395$2,055$1,774
15 years$3,443$2,947$2,513$2,136$1,810$1,542
16 years$3,194$2,704$2,278$1,912$1,599$1,346
17 years$2,975$2,490$2,073$1,718$1,418$1,178
18 years$2,781$2,301$1,893$1,548$1,261$1,033
19 years$2,607$2,133$1,733$1,399$1,124$909
20 years$2,450$1,982$1,590$1,267$1,004$801
21 years$2,309$1,846$1,463$1,150$898$707
22 years$2,181$1,723$1,348$1,046$805$625
23 years$2,064$1,611$1,245$952$723$553
24 years$1,957$1,510$1,151$869$650$490
25 years$1,859$1,417$1,066$793$585$434
26 years$1,768$1,332$989$725$527$386
27 years$1,685$1,253$918$664$475$343
28 years$1,607$1,181$854$608$428$304
29 years$1,535$1,114$794$558$387$271
30 years$1,468$1,052$740$512$350$241
31 years$1,405$995$690$470$316$215
32 years$1,346$941$644$432$286$191
33 years$1,291$891$601$397$259$170
34 years$1,240$845$561$366$234$152
35 years$1,191$801$525$337$212$135
36 years$1,145$760$491$310$192$121
37 years$1,102$722$460$286$174$108
38 years$1,061$686$430$263$158$96
39 years$1,022$653$403$243$143$86
40 years$986$621$378$224$130$76
41 years$951$591$354$207$118$68
42 years$918$563$332$191$107$61
43 years$887$536$312$176$97$54
44 years$857$511$293$162$88$49
45 years$828$488$275$150$80$43
46 years$801$465$258$139$73$39
47 years$775$444$243$128$66$35
48 years$750$424$228$118$60$31
49 years$727$405$214$109$54$28
50 years$704$387$201$101$49$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $721,000, adding $4,365 every year, while hoping to spend $41,607 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: 58/18/24 Blend
49$721,000$721,000$721,000$721,000
50$799,044$760,831$749,656$839,980
51$836,278$753,843$730,500$861,414
52$875,914$745,117$709,308$879,950
53$918,155$734,525$685,967$899,269
54$963,220$721,931$660,361$919,456
55$1,011,352$707,189$632,366$940,609
56$1,062,815$690,146$601,855$962,836
57$1,117,898$670,639$568,694$986,258
58$1,176,920$648,497$532,742$1,011,012
59$1,240,230$623,538$493,852$1,037,250
60$1,308,210$595,568$451,873$1,065,142
61$1,381,281$564,384$406,644$1,094,880
62$1,459,904$529,770$357,999$1,126,675
63$1,544,584$491,500$305,762$1,160,765
64$1,635,879$449,330$249,752$1,197,416
65$1,734,399$403,007$189,779$1,236,922
66$1,840,815$352,262$125,644$1,279,613
67$1,955,865$296,810$57,140$1,325,855
68$2,080,359$236,350$0$1,376,056
69$2,215,190$170,565$0$1,434,758
70$2,361,336$99,120$0$1,514,260
71$2,519,875$21,659$0$1,600,533
72$2,691,993$0$0$1,694,265
73$2,878,991$0$0$1,808,532
74$3,082,305$0$0$1,937,486
75$3,303,510$0$0$2,077,845
76$3,544,344$0$0$2,230,717
77$3,806,714$0$0$2,397,321
78$4,092,723$0$0$2,578,999
79$4,404,682$0$0$2,777,229
80$4,745,139$0$0$2,993,636
81$5,116,894$0$0$3,230,010
82$5,523,033$0$0$3,488,322
83$5,966,951$0$0$3,770,740
84$6,452,386$0$0$4,079,653
85$6,983,454$0$0$4,417,691
86$7,564,689$0$0$4,787,749
87$8,201,081$0$0$5,193,015
88$8,898,126$0$0$5,637,001
89$9,661,876$0$0$6,123,575
90$10,498,997$0$0$6,656,994
91$11,416,831$0$0$7,241,950
92$12,423,462$0$0$7,883,608
93$13,527,795$0$0$8,587,660
94$14,739,641$0$0$9,360,372
95$16,069,803$0$0$10,208,649
96$17,530,184$0$0$11,140,096
97$19,133,893$0$0$12,163,091
98$20,895,373$0$0$13,286,863
99$22,830,533$0$0$14,521,578
100$24,956,900$0$0$15,878,437