Can I retire at age 50 with 703,000?

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 $703,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$58,053$57,536$57,031$56,539$56,058$54,026
2 years$28,739$28,204$27,685$27,182$26,694$24,670
3 years$18,969$18,432$17,914$17,416$16,936$14,982
4 years$14,085$13,549$13,037$12,547$12,079$10,210
5 years$11,155$10,623$10,117$9,637$9,182$7,404
6 years$9,203$8,674$8,176$7,707$7,266$5,580
7 years$7,809$7,285$6,794$6,336$5,909$4,314
8 years$6,764$6,244$5,762$5,316$4,902$3,397
9 years$5,951$5,437$4,963$4,528$4,128$2,712
10 years$5,302$4,792$4,327$3,903$3,517$2,187
11 years$4,771$4,266$3,809$3,397$3,025$1,777
12 years$4,328$3,829$3,381$2,979$2,621$1,453
13 years$3,954$3,460$3,020$2,630$2,286$1,194
14 years$3,634$3,145$2,714$2,335$2,004$985
15 years$3,357$2,873$2,450$2,082$1,764$815
16 years$3,115$2,636$2,221$1,864$1,559$677
17 years$2,901$2,428$2,021$1,675$1,383$563
18 years$2,711$2,244$1,845$1,510$1,229$469
19 years$2,542$2,079$1,689$1,364$1,096$391
20 years$2,389$1,932$1,550$1,236$979$327
21 years$2,252$1,800$1,426$1,121$876$273
22 years$2,127$1,680$1,314$1,020$785$229
23 years$2,013$1,571$1,214$928$705$191
24 years$1,908$1,472$1,122$847$633$160
25 years$1,812$1,382$1,039$773$570$134
26 years$1,724$1,298$964$707$513$113
27 years$1,643$1,222$895$647$463$95
28 years$1,567$1,151$832$593$418$79
29 years$1,497$1,086$774$544$377$67
30 years$1,431$1,026$721$499$341$56
31 years$1,370$970$673$458$308$47
32 years$1,313$918$627$421$279$39
33 years$1,259$869$586$387$252$33
34 years$1,209$824$547$356$228$28
35 years$1,161$781$512$328$207$23
36 years$1,117$741$479$302$187$20
37 years$1,074$704$448$278$170$16
38 years$1,035$669$420$257$154$14
39 years$997$636$393$237$140$12
40 years$961$605$369$218$127$10
41 years$927$576$346$201$115$8
42 years$895$549$324$186$104$7
43 years$864$523$304$172$95$6
44 years$835$499$286$158$86$5
45 years$807$475$268$146$78$4
46 years$781$454$252$135$71$3
47 years$756$433$237$125$64$3
48 years$732$413$222$115$58$2
49 years$708$395$209$107$53$2
50 years$686$377$196$99$48$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $703,000, adding $2,987 every year, while hoping to spend $20,332 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: 58/14/28 Blend
49$703,000$703,000$703,000$703,000
50$777,787$740,528$729,632$816,793
51$835,488$755,181$732,441$858,502
52$898,394$769,870$734,663$901,560
53$967,012$784,576$736,257$948,092
54$1,041,905$799,278$737,179$998,441
55$1,123,689$813,952$737,384$1,052,985
56$1,213,043$828,574$736,825$1,112,140
57$1,310,716$843,117$735,451$1,176,367
58$1,417,531$857,551$733,210$1,246,172
59$1,534,394$871,846$730,048$1,322,114
60$1,662,304$885,968$725,906$1,404,810
61$1,802,360$899,881$720,725$1,494,940
62$1,955,772$913,547$714,440$1,593,254
63$2,123,874$926,924$706,987$1,700,578
64$2,308,133$939,968$698,296$1,817,824
65$2,510,167$952,630$688,293$1,945,998
66$2,731,757$964,862$676,903$2,086,209
67$2,974,863$976,608$664,047$2,239,679
68$3,241,647$987,810$649,641$2,407,758
69$3,534,489$998,406$633,597$2,591,931
70$3,856,010$1,008,331$615,826$2,793,839
71$4,209,097$1,017,513$596,230$3,015,289
72$4,596,932$1,025,878$574,711$3,258,274
73$5,023,020$1,033,347$551,164$3,524,994
74$5,491,220$1,039,833$525,480$3,817,870
75$6,005,785$1,045,246$497,545$4,139,576
76$6,571,402$1,049,490$467,240$4,493,057
77$7,193,233$1,052,462$434,440$4,881,563
78$7,876,963$1,054,054$399,014$5,308,673
79$8,628,860$1,054,149$360,828$5,778,338
80$9,455,827$1,052,625$319,738$6,294,910
81$10,365,469$1,049,351$275,597$6,863,189
82$11,366,166$1,044,189$228,249$7,488,465
83$12,467,153$1,036,992$177,533$8,176,573
84$13,678,601$1,027,603$123,280$8,933,942
85$15,011,721$1,015,859$65,312$9,767,663
86$16,478,864$1,001,582$3,447$10,685,550
87$18,093,637$984,589$0$11,696,219
88$19,871,035$964,682$0$12,827,861
89$21,827,582$941,652$0$14,074,566
90$23,981,482$915,279$0$15,446,905
91$26,352,795$885,331$0$16,957,667
92$28,963,627$851,558$0$18,620,942
93$31,838,333$813,700$0$20,452,259
94$35,003,751$771,481$0$22,468,732
95$38,489,457$724,606$0$24,689,218
96$42,328,038$672,768$0$27,134,501
97$46,555,402$615,638$0$29,827,485
98$51,211,119$552,870$0$32,793,408
99$56,338,793$484,100$0$36,060,085
100$61,986,469$408,941$0$39,658,170