Can I retire at age 50 with 722,000?

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 $722,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$59,622$59,091$58,573$58,067$57,573$56,643
2 years$29,516$28,966$28,433$27,917$27,416$26,481
3 years$19,482$18,930$18,398$17,887$17,394$16,484
4 years$14,466$13,915$13,389$12,886$12,405$11,527
5 years$11,457$10,910$10,391$9,898$9,430$8,586
6 years$9,452$8,909$8,397$7,915$7,462$6,653
7 years$8,020$7,481$6,978$6,508$6,069$5,295
8 years$6,947$6,413$5,918$5,459$5,034$4,296
9 years$6,112$5,584$5,097$4,650$4,240$3,536
10 years$5,445$4,922$4,444$4,008$3,612$2,943
11 years$4,900$4,382$3,912$3,488$3,107$2,472
12 years$4,445$3,933$3,472$3,060$2,692$2,090
13 years$4,061$3,554$3,102$2,701$2,348$1,777
14 years$3,732$3,230$2,787$2,398$2,058$1,519
15 years$3,448$2,951$2,516$2,139$1,812$1,303
16 years$3,199$2,708$2,282$1,915$1,601$1,121
17 years$2,979$2,494$2,076$1,720$1,420$967
18 years$2,784$2,304$1,895$1,551$1,263$837
19 years$2,610$2,135$1,735$1,401$1,125$725
20 years$2,454$1,984$1,592$1,269$1,005$630
21 years$2,312$1,848$1,465$1,152$900$547
22 years$2,184$1,725$1,350$1,047$806$477
23 years$2,067$1,614$1,246$954$724$415
24 years$1,960$1,512$1,153$870$651$362
25 years$1,861$1,419$1,068$794$585$316
26 years$1,771$1,334$990$726$527$276
27 years$1,687$1,255$919$665$475$242
28 years$1,609$1,183$855$609$429$211
29 years$1,537$1,116$795$559$387$185
30 years$1,470$1,054$741$513$350$162
31 years$1,407$996$691$471$316$142
32 years$1,348$942$644$433$286$124
33 years$1,293$892$602$398$259$109
34 years$1,241$846$562$366$235$95
35 years$1,193$802$526$337$212$84
36 years$1,147$761$492$310$192$73
37 years$1,103$723$460$286$174$64
38 years$1,062$687$431$264$158$56
39 years$1,024$654$404$243$143$49
40 years$987$622$378$224$130$43
41 years$952$592$355$207$118$38
42 years$919$564$333$191$107$33
43 years$888$537$312$176$97$29
44 years$858$512$293$163$88$26
45 years$829$488$275$150$80$23
46 years$802$466$259$139$73$20
47 years$776$444$243$128$66$17
48 years$751$424$228$118$60$15
49 years$728$405$215$109$54$13
50 years$705$387$202$101$49$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $722,000, adding $3,828 every year, while hoping to spend $21,964 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: 49/30/21 Blend
49$722,000$722,000$722,000$722,000
50$799,593$761,327$750,136$833,876
51$857,781$775,262$751,896$872,023
52$921,170$789,144$752,978$910,908
53$990,264$802,947$753,338$952,694
54$1,065,623$816,643$752,927$997,663
55$1,147,860$830,203$751,694$1,046,127
56$1,237,652$843,593$749,586$1,098,430
57$1,335,743$856,780$746,548$1,154,949
58$1,442,953$869,727$742,521$1,216,104
59$1,560,184$882,393$737,445$1,282,357
60$1,688,429$894,736$731,256$1,354,215
61$1,828,782$906,711$723,886$1,432,241
62$1,982,447$918,269$715,265$1,517,056
63$2,150,750$929,358$705,320$1,609,342
64$2,335,152$939,922$693,974$1,709,854
65$2,537,261$949,902$681,146$1,819,424
66$2,758,849$959,235$666,752$1,938,972
67$3,001,867$967,853$650,704$2,069,510
68$3,268,464$975,684$632,908$2,212,156
69$3,561,007$982,651$613,270$2,368,143
70$3,882,102$988,674$591,687$2,538,831
71$4,234,622$993,664$568,054$2,725,721
72$4,621,730$997,530$542,261$2,930,468
73$5,046,911$1,000,174$514,191$3,154,899
74$5,514,004$1,001,491$483,725$3,401,027
75$6,027,239$1,001,370$450,736$3,671,073
76$6,591,274$999,694$415,092$3,967,488
77$7,211,241$996,337$376,655$4,292,974
78$7,892,797$991,167$335,283$4,650,513
79$8,642,171$984,042$290,823$5,043,390
80$9,466,227$974,815$243,120$5,475,233
81$10,372,527$963,325$192,009$5,950,038
82$11,369,403$949,407$137,320$6,472,215
83$12,466,035$932,880$78,873$7,046,627
84$13,672,537$913,558$16,482$7,678,634
85$15,000,054$891,241$0$8,374,152
86$16,460,865$865,717$0$9,150,924
87$18,068,499$836,763$0$10,009,585
88$19,837,863$804,142$0$10,954,414
89$21,785,384$767,603$0$11,994,200
90$23,929,159$726,881$0$13,138,633
91$26,289,132$681,697$0$14,398,393
92$28,887,276$631,754$0$15,785,252
93$31,747,806$576,737$0$17,312,186
94$34,897,402$516,317$0$18,993,497
95$38,365,464$450,143$0$20,844,950
96$42,184,386$377,845$0$22,883,921
97$46,389,866$299,032$0$25,129,562
98$51,021,239$213,292$0$27,602,982
99$56,121,850$120,188$0$30,327,451
100$61,739,461$19,259$0$33,328,612