Can I retire at age 50 with 723,000?

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 $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%16.2%
1 years$59,705$59,173$58,654$58,148$57,653$56,191
2 years$29,557$29,006$28,473$27,956$27,454$25,990
3 years$19,509$18,956$18,424$17,911$17,418$15,999
4 years$14,486$13,935$13,408$12,904$12,423$11,059
5 years$11,473$10,925$10,405$9,912$9,443$8,138
6 years$9,465$8,921$8,409$7,926$7,472$6,228
7 years$8,031$7,492$6,988$6,517$6,077$4,893
8 years$6,956$6,422$5,926$5,467$5,041$3,917
9 years$6,121$5,591$5,104$4,656$4,246$3,180
10 years$5,453$4,929$4,450$4,014$3,617$2,610
11 years$4,906$4,388$3,918$3,493$3,111$2,160
12 years$4,452$3,938$3,477$3,064$2,696$1,799
13 years$4,067$3,559$3,106$2,705$2,351$1,507
14 years$3,738$3,235$2,791$2,401$2,061$1,267
15 years$3,452$2,955$2,520$2,142$1,815$1,070
16 years$3,203$2,711$2,285$1,918$1,604$906
17 years$2,983$2,497$2,079$1,723$1,422$769
18 years$2,788$2,307$1,898$1,553$1,264$654
19 years$2,614$2,138$1,737$1,403$1,127$557
20 years$2,457$1,987$1,594$1,271$1,007$476
21 years$2,316$1,851$1,467$1,153$901$406
22 years$2,187$1,728$1,352$1,049$807$347
23 years$2,070$1,616$1,248$955$725$297
24 years$1,963$1,514$1,154$871$651$255
25 years$1,864$1,421$1,069$795$586$218
26 years$1,773$1,335$992$727$528$187
27 years$1,689$1,257$921$666$476$161
28 years$1,611$1,184$856$610$430$138
29 years$1,539$1,117$796$559$388$119
30 years$1,472$1,055$742$513$350$102
31 years$1,409$997$692$471$317$87
32 years$1,350$944$645$433$287$75
33 years$1,295$894$603$398$259$65
34 years$1,243$847$563$367$235$56
35 years$1,194$803$526$337$213$48
36 years$1,148$763$492$311$193$41
37 years$1,105$724$461$286$175$35
38 years$1,064$688$432$264$158$30
39 years$1,025$655$404$243$144$26
40 years$988$623$379$224$130$22
41 years$954$593$355$207$118$19
42 years$920$565$333$191$107$17
43 years$889$538$313$176$97$14
44 years$859$513$294$163$88$12
45 years$830$489$276$150$80$11
46 years$803$466$259$139$73$9
47 years$777$445$243$128$66$8
48 years$752$425$229$119$60$7
49 years$729$406$215$110$55$6
50 years$706$388$202$101$50$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $723,000, adding $5,512 every year, while hoping to spend $58,648 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: 46/32/22 Blend
49$723,000$723,000$723,000$723,000
50$802,432$764,113$752,906$834,056
51$821,879$739,153$715,727$831,847
52$841,344$711,005$675,338$823,219
53$860,766$679,450$631,567$812,663
54$880,079$644,257$584,239$800,024
55$899,204$605,183$533,168$785,142
56$918,055$561,969$478,161$767,840
57$936,533$514,342$419,016$747,932
58$954,528$462,014$355,522$725,218
59$971,917$404,679$287,459$699,482
60$988,560$342,016$214,596$670,493
61$1,004,302$273,683$136,694$638,004
62$1,018,969$199,322$53,502$601,750
63$1,032,367$118,553$0$561,445
64$1,044,281$30,974$0$525,065
65$1,054,468$0$0$497,939
66$1,062,659$0$0$489,689
67$1,068,556$0$0$491,135
68$1,071,826$0$0$491,200
69$1,072,099$0$0$489,697
70$1,068,965$0$0$486,414
71$1,061,968$0$0$481,120
72$1,050,602$0$0$473,556
73$1,034,306$0$0$463,437
74$1,012,460$0$0$450,445
75$984,374$0$0$434,229
76$949,285$0$0$414,402
77$906,350$0$0$390,533
78$854,632$0$0$362,145
79$793,098$0$0$328,713
80$720,603$0$0$289,654
81$635,882$0$0$244,325
82$537,535$0$0$192,013
83$424,016$0$0$131,933
84$293,615$0$0$63,216
85$144,443$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0