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%12.7%
1 years$57,805$57,290$56,788$56,298$55,819$55,190
2 years$28,617$28,084$27,567$27,066$26,580$25,947
3 years$18,888$18,353$17,838$17,342$16,864$16,246
4 years$14,025$13,491$12,981$12,494$12,027$11,430
5 years$11,108$10,577$10,074$9,596$9,143$8,568
6 years$9,164$8,637$8,141$7,674$7,235$6,682
7 years$7,776$7,254$6,765$6,309$5,884$5,354
8 years$6,735$6,218$5,738$5,293$4,881$4,374
9 years$5,926$5,414$4,942$4,508$4,111$3,626
10 years$5,279$4,772$4,308$3,886$3,502$3,040
11 years$4,750$4,248$3,793$3,382$3,012$2,572
12 years$4,310$3,813$3,366$2,967$2,610$2,191
13 years$3,938$3,446$3,008$2,619$2,276$1,878
14 years$3,619$3,132$2,702$2,325$1,995$1,618
15 years$3,343$2,861$2,440$2,073$1,757$1,399
16 years$3,101$2,625$2,212$1,857$1,553$1,214
17 years$2,889$2,418$2,013$1,668$1,377$1,057
18 years$2,700$2,234$1,837$1,503$1,224$922
19 years$2,531$2,070$1,682$1,358$1,091$806
20 years$2,379$1,924$1,544$1,230$975$706
21 years$2,242$1,792$1,420$1,117$872$620
22 years$2,117$1,673$1,309$1,015$782$544
23 years$2,004$1,565$1,208$925$702$479
24 years$1,900$1,466$1,118$843$631$422
25 years$1,805$1,376$1,035$770$568$372
26 years$1,717$1,293$960$704$511$328
27 years$1,635$1,217$891$645$461$289
28 years$1,560$1,147$829$591$416$255
29 years$1,490$1,082$771$542$376$226
30 years$1,425$1,021$718$497$339$200
31 years$1,364$966$670$456$307$177
32 years$1,307$914$625$419$278$156
33 years$1,254$865$583$386$251$138
34 years$1,203$820$545$355$227$122
35 years$1,156$778$510$327$206$108
36 years$1,112$738$477$301$187$96
37 years$1,070$701$446$277$169$85
38 years$1,030$666$418$256$153$75
39 years$993$634$391$236$139$67
40 years$957$603$367$217$126$59
41 years$923$574$344$201$114$52
42 years$891$547$323$185$104$47
43 years$861$521$303$171$94$41
44 years$832$496$284$158$86$37
45 years$804$473$267$146$78$32
46 years$778$452$251$135$70$29
47 years$753$431$236$124$64$26
48 years$728$411$221$115$58$23
49 years$705$393$208$106$53$20
50 years$683$375$196$98$48$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $700,000, adding $6,542 every year, while hoping to spend $45,072 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: 69/22/9 Blend
49$700,000$700,000$700,000$700,000
50$778,148$741,048$730,198$830,059
51$809,563$729,403$706,703$853,678
52$842,671$715,677$680,911$873,413
53$877,599$699,720$652,697$893,796
54$914,482$681,374$621,930$914,880
55$953,468$660,471$588,474$936,729
56$994,722$636,834$552,187$959,411
57$1,038,419$610,274$512,921$983,004
58$1,084,754$580,594$470,520$1,007,595
59$1,133,937$547,582$424,821$1,033,283
60$1,186,202$511,016$375,656$1,060,175
61$1,241,801$470,662$322,847$1,088,394
62$1,301,011$426,271$266,208$1,118,076
63$1,364,135$377,579$205,547$1,149,375
64$1,431,506$324,310$140,663$1,182,458
65$1,503,489$266,170$71,344$1,217,517
66$1,580,482$202,849$0$1,254,764
67$1,662,922$134,020$0$1,294,686
68$1,751,291$59,338$0$1,344,622
69$1,846,113$0$0$1,398,030
70$1,947,967$0$0$1,460,480
71$2,057,488$0$0$1,543,105
72$2,175,370$0$0$1,632,068
73$2,302,379$0$0$1,727,948
74$2,439,355$0$0$1,831,386
75$2,587,219$0$0$1,943,080
76$2,746,985$0$0$2,063,801
77$2,919,767$0$0$2,194,395
78$3,106,790$0$0$2,335,793
79$3,309,399$0$0$2,489,016
80$3,529,074$0$0$2,655,190
81$3,767,443$0$0$2,835,551
82$4,026,295$0$0$3,031,460
83$4,307,599$0$0$3,244,411
84$4,613,521$0$0$3,476,051
85$4,946,443$0$0$3,728,191
86$5,308,986$0$0$4,002,823
87$5,704,037$0$0$4,302,139
88$6,134,769$0$0$4,628,554
89$6,604,676$0$0$4,984,721
90$7,117,605$0$0$5,373,566
91$7,677,789$0$0$5,798,306
92$8,289,889$0$0$6,262,483
93$8,959,036$0$0$6,769,997
94$9,690,878$0$0$7,325,144
95$10,491,636$0$0$7,932,651
96$11,368,158$0$0$8,597,724
97$12,327,986$0$0$9,326,096
98$13,379,426$0$0$10,124,082
99$14,531,622$0$0$10,998,635
100$15,794,649$0$0$11,957,411