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%19.7%
1 years$57,805$57,290$56,788$56,298$55,819$53,647
2 years$28,617$28,084$27,567$27,066$26,580$24,418
3 years$18,888$18,353$17,838$17,342$16,864$14,779
4 years$14,025$13,491$12,981$12,494$12,027$10,037
5 years$11,108$10,577$10,074$9,596$9,143$7,252
6 years$9,164$8,637$8,141$7,674$7,235$5,443
7 years$7,776$7,254$6,765$6,309$5,884$4,192
8 years$6,735$6,218$5,738$5,293$4,881$3,288
9 years$5,926$5,414$4,942$4,508$4,111$2,613
10 years$5,279$4,772$4,308$3,886$3,502$2,097
11 years$4,750$4,248$3,793$3,382$3,012$1,697
12 years$4,310$3,813$3,366$2,967$2,610$1,381
13 years$3,938$3,446$3,008$2,619$2,276$1,129
14 years$3,619$3,132$2,702$2,325$1,995$927
15 years$3,343$2,861$2,440$2,073$1,757$764
16 years$3,101$2,625$2,212$1,857$1,553$630
17 years$2,889$2,418$2,013$1,668$1,377$522
18 years$2,700$2,234$1,837$1,503$1,224$432
19 years$2,531$2,070$1,682$1,358$1,091$359
20 years$2,379$1,924$1,544$1,230$975$298
21 years$2,242$1,792$1,420$1,117$872$248
22 years$2,117$1,673$1,309$1,015$782$206
23 years$2,004$1,565$1,208$925$702$172
24 years$1,900$1,466$1,118$843$631$143
25 years$1,805$1,376$1,035$770$568$119
26 years$1,717$1,293$960$704$511$99
27 years$1,635$1,217$891$645$461$83
28 years$1,560$1,147$829$591$416$69
29 years$1,490$1,082$771$542$376$58
30 years$1,425$1,021$718$497$339$48
31 years$1,364$966$670$456$307$40
32 years$1,307$914$625$419$278$34
33 years$1,254$865$583$386$251$28
34 years$1,203$820$545$355$227$23
35 years$1,156$778$510$327$206$20
36 years$1,112$738$477$301$187$16
37 years$1,070$701$446$277$169$14
38 years$1,030$666$418$256$153$11
39 years$993$634$391$236$139$10
40 years$957$603$367$217$126$8
41 years$923$574$344$201$114$7
42 years$891$547$323$185$104$6
43 years$861$521$303$171$94$5
44 years$832$496$284$158$86$4
45 years$804$473$267$146$78$3
46 years$778$452$251$135$70$3
47 years$753$431$236$124$64$2
48 years$728$411$221$115$58$2
49 years$705$393$208$106$53$2
50 years$683$375$196$98$48$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $700,000, adding $3,462 every year, while hoping to spend $30,081 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: 65/11/24 Blend
49$700,000$700,000$700,000$700,000
50$774,971$737,871$727,021$820,300
51$822,012$742,021$719,370$855,414
52$872,843$745,366$710,455$890,079
53$927,819$747,834$700,201$927,283
54$987,330$749,352$688,531$967,276
55$1,051,804$749,837$675,364$1,010,337
56$1,121,714$749,204$660,614$1,056,773
57$1,197,577$747,363$644,192$1,106,922
58$1,279,963$744,217$626,007$1,161,158
59$1,369,500$739,665$605,959$1,219,896
60$1,466,878$733,598$583,947$1,283,591
61$1,572,856$725,900$559,866$1,352,747
62$1,688,269$716,451$533,603$1,427,922
63$1,814,036$705,120$505,042$1,509,730
64$1,951,168$691,771$474,061$1,598,850
65$2,100,778$676,260$440,534$1,696,031
66$2,264,093$658,432$404,327$1,802,099
67$2,442,461$638,125$365,302$1,917,969
68$2,637,366$615,167$323,313$2,044,647
69$2,850,443$589,376$278,210$2,183,247
70$3,083,492$560,560$229,834$2,334,996
71$3,338,495$528,513$178,020$2,501,250
72$3,617,633$493,022$122,596$2,683,503
73$3,923,309$453,859$63,381$2,883,407
74$4,258,171$410,781$188$3,102,782
75$4,625,130$363,536$0$3,343,637
76$5,027,397$311,852$0$3,625,412
77$5,468,506$255,448$0$3,934,502
78$5,952,350$194,021$0$4,273,611
79$6,483,217$127,256$0$4,645,775
80$7,065,830$54,816$0$5,054,337
81$7,705,391$0$0$5,502,983
82$8,407,631$0$0$5,998,637
83$9,178,862$0$0$6,550,323
84$10,026,040$0$0$7,156,384
85$10,956,823$0$0$7,822,308
86$11,979,653$0$0$8,554,140
87$13,103,826$0$0$9,358,539
88$14,339,586$0$0$10,242,840
89$15,698,217$0$0$11,215,126
90$17,192,152$0$0$12,284,302
91$18,835,089$0$0$13,460,180
92$20,642,120$0$0$14,753,567
93$22,629,873$0$0$16,176,374
94$24,816,667$0$0$17,741,722
95$27,222,688$0$0$19,464,070
96$29,870,177$0$0$21,359,347
97$32,783,640$0$0$23,445,105
98$35,990,077$0$0$25,740,685
99$39,519,239$0$0$28,267,395
100$43,403,909$0$0$31,048,717