Can I retire at age 50 with 702,000?

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 $702,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$57,971$57,454$56,950$56,459$55,978$54,078
2 years$28,698$28,164$27,646$27,144$26,656$24,761
3 years$18,942$18,405$17,889$17,391$16,912$15,081
4 years$14,065$13,530$13,018$12,529$12,062$10,309
5 years$11,140$10,608$10,103$9,624$9,169$7,500
6 years$9,190$8,662$8,165$7,696$7,255$5,670
7 years$7,798$7,274$6,785$6,327$5,900$4,399
8 years$6,754$6,235$5,754$5,308$4,895$3,477
9 years$5,943$5,429$4,956$4,521$4,122$2,785
10 years$5,294$4,785$4,321$3,897$3,512$2,254
11 years$4,764$4,260$3,804$3,392$3,021$1,839
12 years$4,322$3,824$3,376$2,975$2,618$1,510
13 years$3,949$3,456$3,016$2,627$2,283$1,246
14 years$3,629$3,141$2,710$2,332$2,001$1,032
15 years$3,352$2,869$2,447$2,079$1,762$858
16 years$3,110$2,633$2,218$1,862$1,557$715
17 years$2,897$2,424$2,019$1,673$1,381$597
18 years$2,707$2,240$1,843$1,508$1,228$500
19 years$2,538$2,076$1,687$1,362$1,094$419
20 years$2,386$1,929$1,548$1,234$977$351
21 years$2,248$1,797$1,424$1,120$875$295
22 years$2,124$1,678$1,312$1,018$784$248
23 years$2,010$1,569$1,212$927$704$209
24 years$1,906$1,470$1,121$846$633$176
25 years$1,810$1,380$1,038$772$569$148
26 years$1,722$1,297$963$706$513$125
27 years$1,640$1,220$894$646$462$105
28 years$1,565$1,150$831$592$417$89
29 years$1,494$1,085$773$543$377$75
30 years$1,429$1,024$720$498$340$63
31 years$1,368$968$672$458$308$53
32 years$1,311$916$627$421$278$45
33 years$1,257$868$585$387$252$38
34 years$1,207$822$547$356$228$32
35 years$1,160$780$511$328$207$27
36 years$1,115$740$478$302$187$23
37 years$1,073$703$447$278$170$19
38 years$1,033$668$419$256$154$16
39 years$995$635$393$236$139$14
40 years$960$605$368$218$126$12
41 years$926$576$345$201$115$10
42 years$894$548$324$186$104$8
43 years$863$522$304$171$94$7
44 years$834$498$285$158$86$6
45 years$806$475$268$146$78$5
46 years$780$453$251$135$71$4
47 years$755$432$236$125$64$4
48 years$731$413$222$115$58$3
49 years$707$394$209$106$53$3
50 years$685$376$196$98$48$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $702,000, adding $4,669 every year, while hoping to spend $47,401 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: 70/14/16 Blend
49$702,000$702,000$702,000$702,000
50$778,420$741,214$730,333$829,693
51$807,385$727,099$704,365$850,289
52$837,715$710,704$675,938$866,711
53$869,500$691,867$644,920$883,471
54$902,837$670,416$611,173$900,598
55$937,831$646,171$574,552$918,122
56$974,595$618,939$534,905$936,077
57$1,013,255$588,518$492,075$954,504
58$1,053,944$554,693$445,897$973,448
59$1,096,809$517,236$396,198$992,960
60$1,142,011$475,907$342,797$1,013,099
61$1,189,723$430,454$285,508$1,033,931
62$1,240,136$380,607$224,133$1,055,531
63$1,293,455$326,082$158,468$1,077,983
64$1,349,909$266,581$88,297$1,101,382
65$1,409,743$201,787$13,399$1,125,836
66$1,473,228$131,366$0$1,151,466
67$1,540,658$54,964$0$1,189,764
68$1,612,357$0$0$1,232,706
69$1,688,678$0$0$1,282,497
70$1,770,007$0$0$1,344,600
71$1,856,767$0$0$1,410,872
72$1,949,423$0$0$1,481,672
73$2,048,483$0$0$1,557,390
74$2,154,504$0$0$1,638,456
75$2,268,097$0$0$1,725,340
76$2,389,932$0$0$1,818,559
77$2,520,745$0$0$1,918,680
78$2,661,342$0$0$2,026,323
79$2,812,610$0$0$2,142,172
80$2,975,522$0$0$2,266,977
81$3,151,145$0$0$2,401,560
82$3,340,653$0$0$2,546,826
83$3,545,336$0$0$2,703,768
84$3,766,611$0$0$2,873,480
85$4,006,035$0$0$3,057,161
86$4,265,320$0$0$3,256,131
87$4,546,348$0$0$3,471,840
88$4,851,189$0$0$3,705,885
89$5,182,118$0$0$3,960,020
90$5,541,640$0$0$4,236,175
91$5,932,508$0$0$4,536,474
92$6,357,751$0$0$4,863,251
93$6,820,704$0$0$5,219,077
94$7,325,033$0$0$5,606,780
95$7,874,775$0$0$6,029,473
96$8,474,372$0$0$6,490,581
97$9,128,713$0$0$6,993,873
98$9,843,182$0$0$7,543,502
99$10,623,701$0$0$8,144,034
100$11,476,793$0$0$8,800,500