Can I retire at age 50 with 708,000?

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 $708,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$58,466$57,945$57,437$56,941$56,457$56,101
2 years$28,944$28,405$27,882$27,376$26,884$26,525
3 years$19,104$18,563$18,042$17,540$17,056$16,706
4 years$14,185$13,646$13,130$12,636$12,165$11,825
5 years$11,235$10,698$10,189$9,706$9,248$8,919
6 years$9,268$8,736$8,234$7,762$7,317$7,001
7 years$7,864$7,336$6,843$6,382$5,951$5,647
8 years$6,812$6,289$5,803$5,353$4,937$4,645
9 years$5,994$5,475$4,998$4,560$4,158$3,878
10 years$5,339$4,826$4,358$3,931$3,542$3,275
11 years$4,805$4,297$3,836$3,421$3,047$2,791
12 years$4,359$3,856$3,405$3,001$2,640$2,396
13 years$3,983$3,485$3,042$2,649$2,302$2,070
14 years$3,660$3,168$2,733$2,351$2,018$1,797
15 years$3,381$2,894$2,468$2,097$1,777$1,567
16 years$3,137$2,655$2,237$1,878$1,570$1,371
17 years$2,922$2,445$2,036$1,687$1,392$1,203
18 years$2,730$2,259$1,858$1,520$1,238$1,059
19 years$2,560$2,094$1,701$1,374$1,104$934
20 years$2,406$1,946$1,561$1,244$986$825
21 years$2,268$1,813$1,436$1,129$882$730
22 years$2,142$1,692$1,324$1,027$791$647
23 years$2,027$1,582$1,222$935$710$575
24 years$1,922$1,483$1,130$853$638$511
25 years$1,825$1,391$1,047$779$574$454
26 years$1,736$1,308$971$712$517$405
27 years$1,654$1,231$902$652$466$360
28 years$1,578$1,160$838$597$421$321
29 years$1,507$1,094$780$548$380$287
30 years$1,441$1,033$727$503$343$256
31 years$1,380$977$677$462$310$229
32 years$1,322$924$632$424$281$204
33 years$1,268$875$590$390$254$183
34 years$1,217$829$551$359$230$163
35 years$1,169$787$515$330$208$146
36 years$1,124$747$482$304$189$131
37 years$1,082$709$451$280$171$117
38 years$1,042$674$423$258$155$105
39 years$1,004$641$396$238$141$94
40 years$968$610$371$220$128$84
41 years$934$580$348$203$116$75
42 years$901$553$326$187$105$67
43 years$871$527$306$173$95$60
44 years$841$502$288$160$87$54
45 years$813$479$270$147$79$48
46 years$787$457$254$136$71$43
47 years$761$436$238$126$65$39
48 years$737$416$224$116$59$35
49 years$714$397$210$107$53$31
50 years$691$380$198$99$49$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $708,000, adding $5,228 every year, while hoping to spend $23,142 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: 64/21/15 Blend
49$708,000$708,000$708,000$708,000
50$785,609$748,085$737,111$832,706
51$841,118$760,118$737,181$876,936
52$901,513$771,965$736,478$922,095
53$967,269$783,593$734,951$970,861
54$1,038,907$794,965$732,548$1,023,584
55$1,117,000$806,043$729,214$1,080,654
56$1,202,181$816,786$724,889$1,142,497
57$1,295,145$827,150$719,514$1,209,585
58$1,396,656$837,087$713,025$1,282,438
59$1,507,558$846,548$705,354$1,361,628
60$1,628,778$855,478$696,433$1,447,786
61$1,761,338$863,820$686,187$1,541,609
62$1,906,360$871,513$674,540$1,643,865
63$2,065,084$878,492$661,413$1,755,400
64$2,238,872$884,688$646,720$1,877,148
65$2,429,227$890,027$630,374$2,010,136
66$2,637,799$894,430$612,283$2,155,500
67$2,866,412$897,814$592,352$2,314,491
68$3,117,068$900,089$570,478$2,488,487
69$3,391,978$901,162$546,558$2,679,009
70$3,693,573$900,932$520,480$2,887,734
71$4,024,532$899,293$492,131$3,116,510
72$4,387,807$896,131$461,390$3,367,374
73$4,786,648$891,327$428,132$3,642,575
74$5,224,637$884,752$392,225$3,944,588
75$5,705,717$876,273$353,532$4,276,146
76$6,234,235$865,745$311,910$4,640,259
77$6,814,978$853,017$267,210$5,040,248
78$7,453,220$837,929$219,275$5,479,772
79$8,154,770$820,309$167,943$5,962,866
80$8,926,029$799,977$113,042$6,493,980
81$9,774,051$776,743$54,396$7,078,016
82$10,706,604$750,403$0$7,720,382
83$11,732,250$720,744$0$8,428,349
84$12,860,418$687,540$0$9,216,554
85$14,101,501$650,550$0$10,083,556
86$15,466,948$609,521$0$11,037,374
87$16,969,375$564,185$0$12,086,848
88$18,622,680$514,259$0$13,241,716
89$20,442,178$459,443$0$14,512,715
90$22,444,745$399,420$0$15,911,675
91$24,648,974$333,857$0$17,451,637
92$27,075,353$262,399$0$19,146,972
93$29,746,455$184,673$0$21,013,520
94$32,687,157$100,286$0$23,068,736
95$35,924,868$8,820$0$25,331,860
96$39,489,789$0$0$27,824,097
97$43,415,200$0$0$30,589,649
98$47,737,773$0$0$33,637,322
99$52,497,916$0$0$36,993,573
100$57,740,157$0$0$40,689,808