Can I retire at age 50 with 699,000?

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 $699,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$57,723$57,209$56,707$56,217$55,739$54,020
2 years$28,576$28,043$27,528$27,028$26,542$24,825
3 years$18,861$18,327$17,812$17,317$16,840$15,178
4 years$14,005$13,472$12,963$12,476$12,010$10,418
5 years$11,092$10,562$10,060$9,583$9,130$7,611
6 years$9,151$8,625$8,130$7,663$7,224$5,779
7 years$7,764$7,243$6,756$6,300$5,875$4,505
8 years$6,725$6,209$5,729$5,285$4,874$3,577
9 years$5,917$5,406$4,935$4,502$4,105$2,879
10 years$5,272$4,765$4,302$3,881$3,497$2,342
11 years$4,744$4,242$3,788$3,377$3,008$1,921
12 years$4,304$3,807$3,361$2,962$2,607$1,585
13 years$3,932$3,441$3,003$2,615$2,273$1,315
14 years$3,614$3,128$2,698$2,322$1,992$1,096
15 years$3,338$2,857$2,436$2,070$1,754$916
16 years$3,097$2,621$2,209$1,854$1,550$768
17 years$2,884$2,414$2,010$1,666$1,375$645
18 years$2,696$2,231$1,835$1,501$1,222$543
19 years$2,527$2,067$1,680$1,356$1,090$458
20 years$2,376$1,921$1,542$1,228$973$387
21 years$2,239$1,789$1,418$1,115$871$327
22 years$2,114$1,670$1,307$1,014$781$276
23 years$2,001$1,562$1,207$923$701$234
24 years$1,897$1,464$1,116$842$630$198
25 years$1,802$1,374$1,034$769$567$168
26 years$1,714$1,291$959$703$511$143
27 years$1,633$1,215$890$644$460$121
28 years$1,558$1,145$827$590$415$103
29 years$1,488$1,080$770$541$375$87
30 years$1,423$1,020$717$496$339$74
31 years$1,362$964$669$456$306$63
32 years$1,305$912$624$419$277$53
33 years$1,252$864$583$385$251$45
34 years$1,202$819$544$354$227$39
35 years$1,155$777$509$326$206$33
36 years$1,110$737$476$300$186$28
37 years$1,068$700$446$277$169$24
38 years$1,029$665$417$255$153$20
39 years$991$633$391$235$139$17
40 years$956$602$366$217$126$15
41 years$922$573$344$200$114$12
42 years$890$546$322$185$104$11
43 years$859$520$302$171$94$9
44 years$831$496$284$157$85$8
45 years$803$473$267$145$78$6
46 years$777$451$250$134$70$5
47 years$751$430$235$124$64$5
48 years$727$411$221$115$58$4
49 years$704$392$208$106$53$3
50 years$682$375$195$98$48$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $699,000, adding $6,975 every year, while hoping to spend $55,755 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: 63/29/8 Blend
49$699,000$699,000$699,000$699,000
50$777,493$740,446$729,611$824,773
51$797,474$717,405$694,730$834,150
52$817,625$691,366$656,812$837,236
53$837,904$662,124$615,696$839,175
54$858,262$629,460$571,215$839,857
55$878,647$593,146$523,192$839,158
56$898,995$552,936$471,446$836,946
57$919,237$508,574$415,783$833,078
58$939,292$459,788$356,005$827,401
59$959,072$406,289$291,903$819,746
60$978,474$347,774$223,258$809,934
61$997,384$283,921$149,844$797,769
62$1,015,676$214,391$71,422$783,039
63$1,033,204$138,826$0$765,516
64$1,049,810$56,847$0$745,998
65$1,065,312$0$0$729,745
66$1,079,511$0$0$720,580
67$1,092,183$0$0$728,468
68$1,103,078$0$0$735,094
69$1,111,918$0$0$740,263
70$1,118,394$0$0$743,761
71$1,122,163$0$0$745,347
72$1,122,841$0$0$744,755
73$1,120,004$0$0$741,690
74$1,113,180$0$0$735,822
75$1,101,847$0$0$726,788
76$1,085,424$0$0$714,184
77$1,063,269$0$0$697,562
78$1,034,668$0$0$676,426
79$998,833$0$0$650,227
80$954,890$0$0$618,358
81$901,871$0$0$580,144
82$838,706$0$0$534,843
83$764,211$0$0$481,629
84$677,075$0$0$419,593
85$575,852$0$0$347,728
86$458,940$0$0$264,921
87$324,570$0$0$169,942
88$170,787$0$0$61,431
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