Can I retire at age 50 with 705,000?

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 $705,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$58,218$57,700$57,194$56,700$56,218$54,418
2 years$28,821$28,284$27,764$27,260$26,770$24,974
3 years$19,023$18,484$17,965$17,465$16,984$15,247
4 years$14,125$13,588$13,074$12,583$12,113$10,449
5 years$11,187$10,653$10,146$9,665$9,208$7,621
6 years$9,229$8,699$8,199$7,729$7,286$5,778
7 years$7,831$7,305$6,814$6,354$5,926$4,496
8 years$6,783$6,262$5,779$5,331$4,916$3,564
9 years$5,968$5,452$4,977$4,541$4,140$2,863
10 years$5,317$4,806$4,339$3,914$3,527$2,325
11 years$4,784$4,278$3,820$3,406$3,034$1,903
12 years$4,341$3,840$3,390$2,988$2,629$1,568
13 years$3,966$3,470$3,029$2,638$2,292$1,298
14 years$3,645$3,154$2,722$2,342$2,010$1,079
15 years$3,366$2,882$2,457$2,088$1,769$900
16 years$3,123$2,644$2,228$1,870$1,564$753
17 years$2,909$2,435$2,027$1,680$1,387$631
18 years$2,719$2,250$1,851$1,514$1,233$530
19 years$2,549$2,085$1,694$1,368$1,099$446
20 years$2,396$1,938$1,555$1,239$982$376
21 years$2,258$1,805$1,430$1,124$878$317
22 years$2,133$1,685$1,318$1,022$787$267
23 years$2,018$1,576$1,217$931$707$226
24 years$1,914$1,476$1,126$849$635$191
25 years$1,818$1,385$1,042$776$572$161
26 years$1,729$1,302$967$709$515$137
27 years$1,647$1,225$898$649$464$116
28 years$1,571$1,155$835$595$419$98
29 years$1,501$1,089$777$545$378$83
30 years$1,435$1,029$723$501$342$70
31 years$1,374$973$674$460$309$59
32 years$1,316$920$629$422$279$50
33 years$1,263$871$588$388$253$43
34 years$1,212$826$549$357$229$36
35 years$1,164$783$513$329$207$31
36 years$1,120$744$480$303$188$26
37 years$1,077$706$449$279$170$22
38 years$1,037$671$421$257$154$19
39 years$1,000$638$394$237$140$16
40 years$964$607$370$219$127$13
41 years$930$578$347$202$115$11
42 years$898$550$325$186$105$10
43 years$867$524$305$172$95$8
44 years$838$500$286$159$86$7
45 years$810$477$269$147$78$6
46 years$783$455$253$136$71$5
47 years$758$434$237$125$64$4
48 years$734$414$223$116$59$4
49 years$710$396$210$107$53$3
50 years$688$378$197$99$48$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $705,000, adding $4,377 every year, while hoping to spend $31,857 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: 69/21/10 Blend
49$705,000$705,000$705,000$705,000
50$781,425$744,060$733,132$833,479
51$827,235$746,623$723,797$871,139
52$876,649$748,244$713,081$908,052
53$930,003$748,844$700,904$947,587
54$987,662$748,336$687,184$989,996
55$1,050,031$746,632$671,832$1,035,556
56$1,117,553$743,636$654,757$1,084,576
57$1,190,716$739,246$635,863$1,137,392
58$1,270,055$733,355$615,051$1,194,379
59$1,356,159$725,849$592,214$1,255,949
60$1,449,679$716,606$567,244$1,322,557
61$1,551,325$705,499$540,026$1,394,706
62$1,661,884$692,392$510,440$1,472,950
63$1,782,218$677,141$478,362$1,557,901
64$1,913,276$659,594$443,659$1,650,233
65$2,056,105$639,588$406,197$1,750,693
66$2,211,854$616,954$365,831$1,860,102
67$2,381,789$591,511$322,412$1,979,368
68$2,567,304$563,068$275,785$2,109,493
69$2,769,933$531,422$225,788$2,251,581
70$2,991,364$496,359$172,249$2,406,852
71$3,233,456$457,653$114,992$2,576,651
72$3,498,256$415,066$53,832$2,762,464
73$3,788,017$368,343$0$2,965,928
74$4,105,222$317,219$0$3,190,072
75$4,452,603$261,411$0$3,441,877
76$4,833,169$200,621$0$3,717,817
77$5,250,235$134,534$0$4,020,342
78$5,707,449$62,817$0$4,352,154
79$6,208,833$0$0$4,716,233
80$6,758,814$0$0$5,119,302
81$7,362,268$0$0$5,577,527
82$8,024,567$0$0$6,080,477
83$8,751,628$0$0$6,632,651
84$9,549,969$0$0$7,239,003
85$10,426,769$0$0$7,904,993
86$11,389,938$0$0$8,636,633
87$12,448,189$0$0$9,440,548
88$13,611,121$0$0$10,324,037
89$14,889,308$0$0$11,295,138
90$16,294,400$0$0$12,362,711
91$17,839,233$0$0$13,536,514
92$19,537,947$0$0$14,827,297
93$21,406,122$0$0$16,246,908
94$23,460,923$0$0$17,808,396
95$25,721,262$0$0$19,526,142
96$28,207,977$0$0$21,415,988
97$30,944,025$0$0$23,495,392
98$33,954,703$0$0$25,783,586
99$37,267,884$0$0$28,301,763
100$40,914,278$0$0$31,073,275