Can I retire at age 50 with 722,000?

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 $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%11.3%
1 years$59,622$59,091$58,573$58,067$57,573$57,258
2 years$29,516$28,966$28,433$27,917$27,416$27,098
3 years$19,482$18,930$18,398$17,887$17,394$17,083
4 years$14,466$13,915$13,389$12,886$12,405$12,104
5 years$11,457$10,910$10,391$9,898$9,430$9,139
6 years$9,452$8,909$8,397$7,915$7,462$7,182
7 years$8,020$7,481$6,978$6,508$6,069$5,799
8 years$6,947$6,413$5,918$5,459$5,034$4,776
9 years$6,112$5,584$5,097$4,650$4,240$3,992
10 years$5,445$4,922$4,444$4,008$3,612$3,375
11 years$4,900$4,382$3,912$3,488$3,107$2,880
12 years$4,445$3,933$3,472$3,060$2,692$2,476
13 years$4,061$3,554$3,102$2,701$2,348$2,141
14 years$3,732$3,230$2,787$2,398$2,058$1,861
15 years$3,448$2,951$2,516$2,139$1,812$1,625
16 years$3,199$2,708$2,282$1,915$1,601$1,424
17 years$2,979$2,494$2,076$1,720$1,420$1,251
18 years$2,784$2,304$1,895$1,551$1,263$1,102
19 years$2,610$2,135$1,735$1,401$1,125$974
20 years$2,454$1,984$1,592$1,269$1,005$862
21 years$2,312$1,848$1,465$1,152$900$764
22 years$2,184$1,725$1,350$1,047$806$678
23 years$2,067$1,614$1,246$954$724$603
24 years$1,960$1,512$1,153$870$651$537
25 years$1,861$1,419$1,068$794$585$478
26 years$1,771$1,334$990$726$527$426
27 years$1,687$1,255$919$665$475$381
28 years$1,609$1,183$855$609$429$340
29 years$1,537$1,116$795$559$387$304
30 years$1,470$1,054$741$513$350$272
31 years$1,407$996$691$471$316$243
32 years$1,348$942$644$433$286$217
33 years$1,293$892$602$398$259$195
34 years$1,241$846$562$366$235$174
35 years$1,193$802$526$337$212$156
36 years$1,147$761$492$310$192$140
37 years$1,103$723$460$286$174$126
38 years$1,062$687$431$264$158$113
39 years$1,024$654$404$243$143$101
40 years$987$622$378$224$130$91
41 years$952$592$355$207$118$81
42 years$919$564$333$191$107$73
43 years$888$537$312$176$97$65
44 years$858$512$293$163$88$59
45 years$829$488$275$150$80$53
46 years$802$466$259$139$73$47
47 years$776$444$243$128$66$43
48 years$751$424$228$118$60$38
49 years$728$405$215$109$54$34
50 years$705$387$202$101$49$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $722,000, adding $3,148 every year, while hoping to spend $26,472 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: 47/45/8 Blend
49$722,000$722,000$722,000$722,000
50$798,891$760,625$749,434$834,558
51$852,212$769,730$746,374$868,503
52$910,084$778,393$742,325$902,296
53$972,945$786,566$737,224$938,357
54$1,041,273$794,196$731,009$976,903
55$1,115,596$801,225$723,611$1,018,175
56$1,196,497$807,594$714,962$1,062,442
57$1,284,613$813,240$704,986$1,109,996
58$1,380,648$818,093$693,608$1,161,164
59$1,485,376$822,082$680,746$1,216,307
60$1,599,650$825,130$666,316$1,275,822
61$1,724,406$827,153$650,230$1,340,149
62$1,860,678$828,066$632,396$1,409,774
63$2,009,602$827,776$612,715$1,485,234
64$2,172,429$826,184$591,089$1,567,123
65$2,350,536$823,187$567,410$1,656,095
66$2,545,441$818,673$541,568$1,752,876
67$2,758,813$812,525$513,447$1,858,266
68$2,992,491$804,619$482,928$1,973,147
69$3,248,502$794,822$449,882$2,098,498
70$3,529,075$782,994$414,180$2,235,396
71$3,836,668$768,987$375,681$2,385,031
72$4,173,985$752,645$334,244$2,548,721
73$4,544,007$733,799$289,716$2,727,916
74$4,950,015$712,276$241,941$2,924,221
75$5,395,626$687,886$190,756$3,139,408
76$5,884,821$660,434$135,988$3,375,430
77$6,421,988$629,711$77,458$3,634,448
78$7,011,959$595,495$14,981$3,918,845
79$7,660,057$557,552$0$4,231,251
80$8,372,147$515,636$0$4,578,983
81$9,154,689$469,485$0$4,962,485
82$10,014,800$418,823$0$5,384,034
83$10,960,322$363,358$0$5,847,552
84$11,999,894$302,782$0$6,357,369
85$13,143,034$236,768$0$6,918,260
86$14,400,227$164,973$0$7,535,494
87$15,783,026$87,033$0$8,214,884
88$17,304,162$2,565$0$8,962,840
89$18,977,658$0$0$9,786,436
90$20,818,967$0$0$10,737,464
91$22,845,116$0$0$11,785,454
92$25,074,865$0$0$12,938,851
93$27,528,884$0$0$14,208,360
94$30,229,948$0$0$15,605,776
95$33,203,155$0$0$17,144,096
96$36,476,156$0$0$18,837,640
97$40,079,420$0$0$20,702,188
98$44,046,523$0$0$22,755,128
99$48,414,459$0$0$25,015,619
100$53,223,992$0$0$27,504,774