Can I retire at age 50 with 723,000?

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 $723,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$59,705$59,173$58,654$58,148$57,653$56,100
2 years$29,557$29,006$28,473$27,956$27,454$25,900
3 years$19,509$18,956$18,424$17,911$17,418$15,912
4 years$14,486$13,935$13,408$12,904$12,423$10,977
5 years$11,473$10,925$10,405$9,912$9,443$8,061
6 years$9,465$8,921$8,409$7,926$7,472$6,155
7 years$8,031$7,492$6,988$6,517$6,077$4,825
8 years$6,956$6,422$5,926$5,467$5,041$3,854
9 years$6,121$5,591$5,104$4,656$4,246$3,121
10 years$5,453$4,929$4,450$4,014$3,617$2,555
11 years$4,906$4,388$3,918$3,493$3,111$2,109
12 years$4,452$3,938$3,477$3,064$2,696$1,752
13 years$4,067$3,559$3,106$2,705$2,351$1,463
14 years$3,738$3,235$2,791$2,401$2,061$1,228
15 years$3,452$2,955$2,520$2,142$1,815$1,033
16 years$3,203$2,711$2,285$1,918$1,604$873
17 years$2,983$2,497$2,079$1,723$1,422$738
18 years$2,788$2,307$1,898$1,553$1,264$626
19 years$2,614$2,138$1,737$1,403$1,127$532
20 years$2,457$1,987$1,594$1,271$1,007$453
21 years$2,316$1,851$1,467$1,153$901$385
22 years$2,187$1,728$1,352$1,049$807$329
23 years$2,070$1,616$1,248$955$725$280
24 years$1,963$1,514$1,154$871$651$240
25 years$1,864$1,421$1,069$795$586$205
26 years$1,773$1,335$992$727$528$175
27 years$1,689$1,257$921$666$476$150
28 years$1,611$1,184$856$610$430$128
29 years$1,539$1,117$796$559$388$110
30 years$1,472$1,055$742$513$350$94
31 years$1,409$997$692$471$317$80
32 years$1,350$944$645$433$287$69
33 years$1,295$894$603$398$259$59
34 years$1,243$847$563$367$235$51
35 years$1,194$803$526$337$213$43
36 years$1,148$763$492$311$193$37
37 years$1,105$724$461$286$175$32
38 years$1,064$688$432$264$158$27
39 years$1,025$655$404$243$144$23
40 years$988$623$379$224$130$20
41 years$954$593$355$207$118$17
42 years$920$565$333$191$107$15
43 years$889$538$313$176$97$13
44 years$859$513$294$163$88$11
45 years$830$489$276$150$80$9
46 years$803$466$259$139$73$8
47 years$777$445$243$128$66$7
48 years$752$425$229$119$60$6
49 years$729$406$215$110$55$5
50 years$706$388$202$101$50$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $723,000, adding $3,728 every year, while hoping to spend $20,046 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: 52/40/8 Blend
49$723,000$723,000$723,000$723,000
50$800,591$762,272$751,066$840,429
51$860,923$778,295$754,898$883,937
52$926,736$794,431$758,186$928,744
53$998,570$810,664$760,892$976,995
54$1,077,016$826,978$762,973$1,029,019
55$1,162,725$843,354$764,387$1,085,178
56$1,256,417$859,772$765,087$1,145,871
57$1,358,880$876,210$765,027$1,211,538
58$1,470,986$892,644$764,155$1,282,663
59$1,593,691$909,048$762,419$1,359,781
60$1,728,052$925,396$759,764$1,443,480
61$1,875,229$941,656$756,132$1,534,407
62$2,036,501$957,797$751,462$1,633,279
63$2,213,279$973,783$745,690$1,740,881
64$2,407,113$989,578$738,751$1,858,083
65$2,619,713$1,005,142$730,573$1,985,842
66$2,852,961$1,020,431$721,084$2,125,211
67$3,108,930$1,035,399$710,208$2,277,354
68$3,389,905$1,049,998$697,864$2,443,551
69$3,698,401$1,064,173$683,968$2,625,216
70$4,037,189$1,077,869$668,432$2,823,906
71$4,409,322$1,091,024$651,164$3,041,337
72$4,818,164$1,103,576$632,069$3,279,402
73$5,267,419$1,115,453$611,046$3,540,185
74$5,761,169$1,126,583$587,989$3,825,988
75$6,303,910$1,136,888$562,788$4,139,344
76$6,900,596$1,146,283$535,329$4,483,047
77$7,556,686$1,154,679$505,492$4,860,179
78$8,278,192$1,161,983$473,150$5,274,134
79$9,071,739$1,168,092$438,172$5,728,657
80$9,944,627$1,172,899$400,422$6,227,873
81$10,904,898$1,176,290$359,755$6,776,332
82$11,961,414$1,178,144$316,022$7,379,048
83$13,123,936$1,178,332$269,068$8,041,549
84$14,403,224$1,176,716$218,727$8,769,928
85$15,811,129$1,173,151$164,831$9,570,903
86$17,360,712$1,167,483$107,200$10,451,878
87$19,066,362$1,159,548$45,650$11,421,016
88$20,943,938$1,149,172$0$12,487,313
89$23,010,909$1,136,172$0$13,662,399
90$25,286,529$1,120,351$0$14,959,765
91$27,792,009$1,101,502$0$16,387,580
92$30,550,726$1,079,407$0$17,959,147
93$33,588,435$1,053,834$0$19,689,128
94$36,933,519$1,024,535$0$21,593,683
95$40,617,252$991,252$0$23,690,625
96$44,674,096$953,708$0$25,999,586
97$49,142,026$911,611$0$28,542,205
98$54,062,886$864,654$0$31,342,331
99$59,482,788$812,509$0$34,426,250
100$65,452,543$754,833$0$37,822,935