Can I retire at age 50 with 700,000?

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 $700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$57,805$57,290$56,788$56,298$55,819$54,381
2 years$28,617$28,084$27,567$27,066$26,580$25,142
3 years$18,888$18,353$17,838$17,342$16,864$15,469
4 years$14,025$13,491$12,981$12,494$12,027$10,687
5 years$11,108$10,577$10,074$9,596$9,143$7,861
6 years$9,164$8,637$8,141$7,674$7,235$6,012
7 years$7,776$7,254$6,765$6,309$5,884$4,721
8 years$6,735$6,218$5,738$5,293$4,881$3,777
9 years$5,926$5,414$4,942$4,508$4,111$3,065
10 years$5,279$4,772$4,308$3,886$3,502$2,513
11 years$4,750$4,248$3,793$3,382$3,012$2,078
12 years$4,310$3,813$3,366$2,967$2,610$1,730
13 years$3,938$3,446$3,008$2,619$2,276$1,448
14 years$3,619$3,132$2,702$2,325$1,995$1,217
15 years$3,343$2,861$2,440$2,073$1,757$1,027
16 years$3,101$2,625$2,212$1,857$1,553$869
17 years$2,889$2,418$2,013$1,668$1,377$737
18 years$2,700$2,234$1,837$1,503$1,224$626
19 years$2,531$2,070$1,682$1,358$1,091$533
20 years$2,379$1,924$1,544$1,230$975$455
21 years$2,242$1,792$1,420$1,117$872$388
22 years$2,117$1,673$1,309$1,015$782$332
23 years$2,004$1,565$1,208$925$702$284
24 years$1,900$1,466$1,118$843$631$243
25 years$1,805$1,376$1,035$770$568$208
26 years$1,717$1,293$960$704$511$178
27 years$1,635$1,217$891$645$461$153
28 years$1,560$1,147$829$591$416$131
29 years$1,490$1,082$771$542$376$113
30 years$1,425$1,021$718$497$339$97
31 years$1,364$966$670$456$307$83
32 years$1,307$914$625$419$278$71
33 years$1,254$865$583$386$251$61
34 years$1,203$820$545$355$227$53
35 years$1,156$778$510$327$206$45
36 years$1,112$738$477$301$187$39
37 years$1,070$701$446$277$169$33
38 years$1,030$666$418$256$153$29
39 years$993$634$391$236$139$25
40 years$957$603$367$217$126$21
41 years$923$574$344$201$114$18
42 years$891$547$323$185$104$16
43 years$861$521$303$171$94$13
44 years$832$496$284$158$86$12
45 years$804$473$267$146$78$10
46 years$778$452$251$135$70$9
47 years$753$431$236$124$64$7
48 years$728$411$221$115$58$6
49 years$705$393$208$106$53$5
50 years$683$375$196$98$48$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $700,000, adding $6,512 every year, while hoping to spend $43,595 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: 68/12/20 Blend
49$700,000$700,000$700,000$700,000
50$778,117$741,017$730,167$826,744
51$811,100$730,942$708,243$850,012
52$845,987$718,913$684,123$869,774
53$882,924$704,786$657,688$890,335
54$922,075$688,413$628,813$911,771
55$963,615$669,634$597,367$934,167
56$1,007,739$648,281$563,214$957,619
57$1,054,657$624,175$526,210$982,234
58$1,104,600$597,128$486,207$1,008,131
59$1,157,823$566,941$443,048$1,035,441
60$1,214,601$533,401$396,570$1,064,314
61$1,275,239$496,287$346,604$1,094,912
62$1,340,070$455,362$292,972$1,127,419
63$1,409,459$410,376$235,488$1,162,040
64$1,483,805$361,066$173,958$1,199,001
65$1,563,548$307,153$108,181$1,238,553
66$1,649,169$248,342$37,944$1,280,978
67$1,741,197$184,324$0$1,326,587
68$1,840,212$114,769$0$1,383,624
69$1,946,851$39,329$0$1,453,730
70$2,061,814$0$0$1,529,276
71$2,185,869$0$0$1,616,385
72$2,319,860$0$0$1,716,112
73$2,464,716$0$0$1,823,959
74$2,621,457$0$0$1,940,690
75$2,791,204$0$0$2,067,144
76$2,975,189$0$0$2,204,244
77$3,174,768$0$0$2,353,005
78$3,391,431$0$0$2,514,544
79$3,626,819$0$0$2,690,087
80$3,882,734$0$0$2,880,987
81$4,161,160$0$0$3,088,729
82$4,464,282$0$0$3,314,947
83$4,794,500$0$0$3,561,442
84$5,154,459$0$0$3,830,193
85$5,547,068$0$0$4,123,379
86$5,975,528$0$0$4,443,399
87$6,443,365$0$0$4,792,893
88$6,954,459$0$0$5,174,768
89$7,513,082$0$0$5,592,224
90$8,123,936$0$0$6,048,783
91$8,792,200$0$0$6,548,326
92$9,523,574$0$0$7,095,122
93$10,324,338$0$0$7,693,877
94$11,201,405$0$0$8,349,768
95$12,162,388$0$0$9,068,500
96$13,215,671$0$0$9,856,356
97$14,370,491$0$0$10,720,253
98$15,637,017$0$0$11,667,811
99$17,026,452$0$0$12,707,425
100$18,551,134$0$0$13,848,338