Can I retire at age 50 with 696,000?

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 $696,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$57,475$56,963$56,464$55,976$55,500$54,852
2 years$28,453$27,923$27,410$26,912$26,429$25,776
3 years$18,780$18,248$17,736$17,243$16,767$16,131
4 years$13,945$13,414$12,907$12,422$11,959$11,343
5 years$11,044$10,517$10,016$9,541$9,091$8,498
6 years$9,111$8,588$8,095$7,630$7,193$6,624
7 years$7,731$7,212$6,727$6,273$5,850$5,304
8 years$6,696$6,182$5,705$5,263$4,853$4,331
9 years$5,892$5,383$4,914$4,483$4,087$3,589
10 years$5,249$4,745$4,284$3,864$3,482$3,007
11 years$4,723$4,224$3,771$3,363$2,995$2,542
12 years$4,285$3,791$3,347$2,950$2,595$2,165
13 years$3,915$3,426$2,990$2,604$2,263$1,854
14 years$3,598$3,114$2,687$2,312$1,984$1,596
15 years$3,324$2,845$2,426$2,062$1,747$1,379
16 years$3,084$2,610$2,199$1,846$1,544$1,196
17 years$2,872$2,404$2,001$1,659$1,369$1,040
18 years$2,684$2,221$1,827$1,495$1,217$907
19 years$2,516$2,059$1,673$1,351$1,085$792
20 years$2,365$1,913$1,535$1,223$969$694
21 years$2,229$1,782$1,412$1,110$867$608
22 years$2,105$1,663$1,301$1,009$777$534
23 years$1,993$1,556$1,201$919$698$469
24 years$1,889$1,458$1,111$838$627$413
25 years$1,794$1,368$1,029$766$564$364
26 years$1,707$1,286$954$700$508$320
27 years$1,626$1,210$886$641$458$283
28 years$1,551$1,140$824$587$414$249
29 years$1,482$1,075$767$538$373$220
30 years$1,417$1,016$714$494$337$195
31 years$1,356$960$666$454$305$172
32 years$1,300$908$621$417$276$152
33 years$1,246$860$580$384$250$134
34 years$1,197$815$542$353$226$119
35 years$1,150$773$507$325$205$105
36 years$1,105$734$474$299$186$93
37 years$1,064$697$444$276$168$82
38 years$1,024$663$415$254$152$73
39 years$987$630$389$234$138$65
40 years$952$599$365$216$125$57
41 years$918$571$342$199$114$51
42 years$886$543$321$184$103$45
43 years$856$518$301$170$94$40
44 years$827$494$283$157$85$35
45 years$799$471$265$145$77$31
46 years$773$449$249$134$70$28
47 years$748$428$234$124$64$25
48 years$724$409$220$114$58$22
49 years$701$391$207$106$52$19
50 years$680$373$194$98$48$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $696,000, adding $4,856 every year, while hoping to spend $31,208 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: 42/38/20 Blend
49$696,000$696,000$696,000$696,000
50$772,001$735,113$724,325$799,720
51$817,540$737,928$715,385$822,677
52$866,678$739,836$705,099$844,125
53$919,749$740,758$693,390$866,709
54$977,121$740,612$680,176$890,550
55$1,039,196$739,311$665,371$915,780
56$1,106,420$736,763$648,886$942,551
57$1,179,278$732,868$630,627$971,030
58$1,258,308$727,522$610,497$1,001,402
59$1,344,100$720,615$588,393$1,033,876
60$1,437,302$712,029$564,208$1,068,684
61$1,538,628$701,639$537,830$1,106,082
62$1,648,862$689,314$509,142$1,146,357
63$1,768,870$674,914$478,022$1,189,829
64$1,899,601$658,291$444,341$1,236,852
65$2,042,100$639,288$407,967$1,287,819
66$2,197,521$617,739$368,760$1,343,170
67$2,367,128$593,469$326,574$1,403,390
68$2,552,317$566,291$281,257$1,469,020
69$2,754,624$536,009$232,649$1,540,658
70$2,975,738$502,416$180,585$1,618,971
71$3,217,520$465,291$124,892$1,704,695
72$3,482,019$424,403$65,387$1,798,650
73$3,771,491$379,504$1,883$1,901,742
74$4,088,419$330,336$0$2,014,977
75$4,435,540$276,624$0$2,153,530
76$4,815,865$218,079$0$2,305,917
77$5,232,712$154,394$0$2,473,149
78$5,689,735$85,245$0$2,656,789
79$6,190,957$10,292$0$2,858,563
80$6,740,812$0$0$3,080,376
81$7,344,181$0$0$3,353,955
82$8,006,441$0$0$3,659,051
83$8,733,516$0$0$3,994,101
84$9,531,931$0$0$4,362,124
85$10,408,874$0$0$4,766,444
86$11,372,262$0$0$5,210,726
87$12,430,819$0$0$5,699,005
88$13,594,155$0$0$6,235,727
89$14,872,855$0$0$6,825,791
90$16,278,584$0$0$7,474,593
91$17,824,191$0$0$8,188,078
92$19,523,834$0$0$8,972,798
93$21,393,109$0$0$9,835,970
94$23,449,203$0$0$10,785,545
95$25,711,050$0$0$11,830,286
96$28,199,511$0$0$12,979,846
97$30,937,571$0$0$14,244,862
98$33,950,558$0$0$15,637,053
99$37,266,376$0$0$17,169,332
100$40,915,772$0$0$18,855,929