Can I retire at age 50 with 697,000?

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 $697,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$57,558$57,045$56,545$56,056$55,580$55,253
2 years$28,494$27,963$27,449$26,950$26,467$26,137
3 years$18,807$18,274$17,761$17,267$16,791$16,469
4 years$13,965$13,434$12,926$12,440$11,976$11,663
5 years$11,060$10,532$10,031$9,555$9,104$8,802
6 years$9,124$8,600$8,106$7,641$7,204$6,912
7 years$7,742$7,222$6,736$6,282$5,858$5,579
8 years$6,706$6,191$5,713$5,270$4,860$4,592
9 years$5,901$5,390$4,921$4,489$4,093$3,836
10 years$5,257$4,751$4,290$3,870$3,487$3,241
11 years$4,730$4,230$3,777$3,368$2,999$2,764
12 years$4,291$3,796$3,352$2,954$2,599$2,374
13 years$3,921$3,431$2,995$2,608$2,266$2,052
14 years$3,603$3,119$2,691$2,315$1,987$1,783
15 years$3,328$2,849$2,429$2,065$1,749$1,555
16 years$3,088$2,614$2,203$1,849$1,546$1,362
17 years$2,876$2,407$2,004$1,661$1,371$1,196
18 years$2,688$2,224$1,830$1,497$1,219$1,053
19 years$2,520$2,062$1,675$1,353$1,086$929
20 years$2,369$1,916$1,537$1,225$970$822
21 years$2,232$1,784$1,414$1,112$868$728
22 years$2,108$1,666$1,303$1,011$778$646
23 years$1,995$1,558$1,203$921$699$574
24 years$1,892$1,460$1,113$840$628$510
25 years$1,797$1,370$1,031$767$565$454
26 years$1,709$1,287$956$701$509$405
27 years$1,628$1,212$888$642$459$361
28 years$1,553$1,142$825$588$414$322
29 years$1,484$1,077$768$539$374$288
30 years$1,419$1,017$715$495$338$257
31 years$1,358$962$667$454$305$230
32 years$1,301$910$622$418$276$206
33 years$1,248$862$581$384$250$184
34 years$1,198$817$543$353$226$165
35 years$1,151$775$507$325$205$147
36 years$1,107$735$475$300$186$132
37 years$1,065$698$444$276$168$118
38 years$1,026$664$416$254$153$106
39 years$988$631$390$235$138$95
40 years$953$600$365$216$126$85
41 years$919$571$343$200$114$76
42 years$887$544$321$184$103$68
43 years$857$519$302$170$94$61
44 years$828$494$283$157$85$55
45 years$801$471$266$145$77$49
46 years$774$450$250$134$70$44
47 years$749$429$235$124$64$40
48 years$725$410$220$114$58$36
49 years$702$391$207$106$53$32
50 years$681$374$195$98$48$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $697,000, adding $3,405 every year, while hoping to spend $53,556 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: 27/45/28 Blend
49$697,000$697,000$697,000$697,000
50$771,606$734,665$723,862$785,646
51$793,327$713,681$691,128$776,298
52$815,468$689,873$655,503$761,444
53$838,016$663,047$616,832$744,409
54$860,954$632,997$574,957$725,043
55$884,262$599,504$529,708$703,190
56$907,916$562,338$480,912$678,683
57$931,885$521,255$428,385$651,345
58$956,138$475,997$371,936$620,990
59$980,634$426,291$311,366$587,418
60$1,005,329$371,849$246,467$550,422
61$1,030,169$312,367$177,020$509,777
62$1,055,095$247,522$102,799$465,250
63$1,080,039$176,975$23,568$416,591
64$1,104,923$100,367$0$363,536
65$1,129,659$17,318$0$324,026
66$1,154,148$0$0$288,242
67$1,178,275$0$0$284,837
68$1,201,916$0$0$289,800
69$1,224,926$0$0$294,510
70$1,247,147$0$0$298,918
71$1,268,399$0$0$302,969
72$1,288,480$0$0$306,599
73$1,307,168$0$0$309,741
74$1,324,210$0$0$312,317
75$1,339,327$0$0$314,242
76$1,352,207$0$0$315,420
77$1,362,504$0$0$315,746
78$1,369,831$0$0$315,102
79$1,373,759$0$0$313,357
80$1,373,809$0$0$310,368
81$1,369,452$0$0$305,972
82$1,360,100$0$0$299,992
83$1,345,099$0$0$292,231
84$1,323,725$0$0$282,470
85$1,295,177$0$0$270,466
86$1,258,563$0$0$255,953
87$1,212,901$0$0$238,633
88$1,157,099$0$0$218,179
89$1,089,950$0$0$194,227
90$1,010,119$0$0$166,377
91$916,129$0$0$134,184
92$806,345$0$0$97,160
93$678,962$0$0$54,761
94$531,982$0$0$6,390
95$363,199$0$0$0
96$170,174$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0