Can I retire at age 50 with 721,000?

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 $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%17.4%
1 years$59,540$59,009$58,492$57,987$57,494$55,765
2 years$29,475$28,926$28,394$27,878$27,378$25,651
3 years$19,455$18,903$18,373$17,862$17,370$15,698
4 years$14,446$13,896$13,371$12,868$12,388$10,785
5 years$11,441$10,895$10,376$9,884$9,417$7,888
6 years$9,439$8,896$8,386$7,904$7,452$5,996
7 years$8,009$7,471$6,968$6,499$6,060$4,679
8 years$6,937$6,404$5,910$5,452$5,027$3,720
9 years$6,104$5,576$5,090$4,644$4,234$2,998
10 years$5,438$4,915$4,438$4,003$3,607$2,442
11 years$4,893$4,375$3,907$3,484$3,103$2,005
12 years$4,439$3,927$3,467$3,056$2,689$1,657
13 years$4,056$3,549$3,098$2,698$2,345$1,377
14 years$3,727$3,226$2,783$2,395$2,055$1,149
15 years$3,443$2,947$2,513$2,136$1,810$961
16 years$3,194$2,704$2,278$1,912$1,599$807
17 years$2,975$2,490$2,073$1,718$1,418$679
18 years$2,781$2,301$1,893$1,548$1,261$573
19 years$2,607$2,133$1,733$1,399$1,124$483
20 years$2,450$1,982$1,590$1,267$1,004$409
21 years$2,309$1,846$1,463$1,150$898$346
22 years$2,181$1,723$1,348$1,046$805$293
23 years$2,064$1,611$1,245$952$723$249
24 years$1,957$1,510$1,151$869$650$211
25 years$1,859$1,417$1,066$793$585$179
26 years$1,768$1,332$989$725$527$152
27 years$1,685$1,253$918$664$475$129
28 years$1,607$1,181$854$608$428$110
29 years$1,535$1,114$794$558$387$93
30 years$1,468$1,052$740$512$350$80
31 years$1,405$995$690$470$316$68
32 years$1,346$941$644$432$286$58
33 years$1,291$891$601$397$259$49
34 years$1,240$845$561$366$234$42
35 years$1,191$801$525$337$212$35
36 years$1,145$760$491$310$192$30
37 years$1,102$722$460$286$174$26
38 years$1,061$686$430$263$158$22
39 years$1,022$653$403$243$143$19
40 years$986$621$378$224$130$16
41 years$951$591$354$207$118$14
42 years$918$563$332$191$107$12
43 years$887$536$312$176$97$10
44 years$857$511$293$162$88$8
45 years$828$488$275$150$80$7
46 years$801$465$258$139$73$6
47 years$775$444$243$128$66$5
48 years$750$424$228$118$60$4
49 years$727$405$214$109$54$4
50 years$704$387$201$101$49$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $721,000, adding $3,899 every year, while hoping to spend $45,481 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: 45/39/16 Blend
49$721,000$721,000$721,000$721,000
50$798,564$760,351$749,175$830,676
51$831,626$749,217$725,881$842,352
52$866,536$736,012$700,283$850,137
53$903,435$720,589$672,254$857,600
54$942,475$702,788$641,664$864,734
55$983,824$682,441$608,377$871,528
56$1,027,666$659,372$572,249$877,979
57$1,074,199$633,393$533,131$884,083
58$1,123,643$604,305$490,866$889,842
59$1,176,236$571,897$445,291$895,262
60$1,232,239$535,948$396,236$900,352
61$1,291,940$496,222$343,523$905,131
62$1,355,652$452,471$286,965$909,621
63$1,423,719$404,432$226,368$913,852
64$1,496,517$351,827$161,530$917,865
65$1,574,458$294,364$92,238$921,710
66$1,657,997$231,731$18,272$925,448
67$1,747,629$163,603$0$929,154
68$1,843,900$89,632$0$943,272
69$1,947,409$9,455$0$961,555
70$2,058,811$0$0$981,047
71$2,178,828$0$0$1,035,121
72$2,308,252$0$0$1,097,874
73$2,447,955$0$0$1,165,678
74$2,598,891$0$0$1,239,007
75$2,762,111$0$0$1,318,380
76$2,938,772$0$0$1,404,369
77$3,130,141$0$0$1,497,600
78$3,337,617$0$0$1,598,766
79$3,562,733$0$0$1,708,626
80$3,807,179$0$0$1,828,016
81$4,072,811$0$0$1,957,854
82$4,361,672$0$0$2,099,152
83$4,676,011$0$0$2,253,022
84$5,018,299$0$0$2,420,690
85$5,391,259$0$0$2,603,503
86$5,797,886$0$0$2,802,943
87$6,241,475$0$0$3,020,644
88$6,725,654$0$0$3,258,401
89$7,254,418$0$0$3,518,195
90$7,832,162$0$0$3,802,201
91$8,463,726$0$0$4,112,818
92$9,154,440$0$0$4,452,686
93$9,910,170$0$0$4,824,712
94$10,737,376$0$0$5,232,097
95$11,643,174$0$0$5,678,366
96$12,635,396$0$0$6,167,401
97$13,722,670$0$0$6,703,477
98$14,914,497$0$0$7,291,305
99$16,221,343$0$0$7,936,068
100$17,654,732$0$0$8,643,481