Can I retire at age 50 with 710,000?

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 $710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$58,631$58,109$57,599$57,102$56,616$55,360
2 years$29,025$28,485$27,961$27,453$26,960$25,701
3 years$19,158$18,615$18,093$17,589$17,105$15,882
4 years$14,225$13,684$13,167$12,672$12,199$11,022
5 years$11,266$10,728$10,218$9,733$9,274$8,146
6 years$9,295$8,761$8,258$7,784$7,338$6,261
7 years$7,887$7,357$6,862$6,400$5,968$4,941
8 years$6,831$6,306$5,820$5,368$4,951$3,974
9 years$6,011$5,491$5,012$4,573$4,169$3,242
10 years$5,355$4,840$4,370$3,942$3,552$2,674
11 years$4,818$4,309$3,847$3,430$3,055$2,224
12 years$4,372$3,867$3,414$3,009$2,648$1,862
13 years$3,994$3,495$3,050$2,656$2,309$1,568
14 years$3,670$3,177$2,741$2,358$2,024$1,326
15 years$3,390$2,902$2,475$2,103$1,782$1,126
16 years$3,146$2,663$2,244$1,883$1,575$959
17 years$2,930$2,452$2,042$1,692$1,396$819
18 years$2,738$2,266$1,864$1,525$1,242$700
19 years$2,567$2,100$1,706$1,378$1,107$600
20 years$2,413$1,951$1,566$1,248$989$515
21 years$2,274$1,818$1,440$1,132$885$443
22 years$2,148$1,697$1,327$1,030$793$381
23 years$2,033$1,587$1,226$938$712$328
24 years$1,927$1,487$1,133$855$640$283
25 years$1,830$1,395$1,050$781$576$244
26 years$1,741$1,311$974$714$519$211
27 years$1,659$1,234$904$654$468$182
28 years$1,582$1,163$841$599$422$157
29 years$1,511$1,097$782$549$381$136
30 years$1,445$1,036$729$504$344$118
31 years$1,383$979$679$463$311$102
32 years$1,326$927$634$425$281$88
33 years$1,272$878$592$391$255$76
34 years$1,221$832$553$360$231$66
35 years$1,173$789$517$331$209$57
36 years$1,128$749$484$305$189$49
37 years$1,085$711$453$281$172$43
38 years$1,045$676$424$259$156$37
39 years$1,007$643$397$239$141$32
40 years$971$612$372$220$128$28
41 years$936$582$349$203$116$24
42 years$904$554$327$188$105$21
43 years$873$528$307$173$96$18
44 years$844$503$288$160$87$16
45 years$816$480$271$148$79$14
46 years$789$458$254$136$72$12
47 years$763$437$239$126$65$10
48 years$739$417$225$117$59$9
49 years$716$398$211$108$54$8
50 years$693$381$198$100$49$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $710,000, adding $5,246 every year, while hoping to spend $52,361 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: 43/44/13 Blend
49$710,000$710,000$710,000$710,000
50$787,831$750,201$739,196$818,522
51$812,478$731,249$708,248$821,560
52$837,885$709,614$674,507$819,203
53$864,072$685,108$637,826$815,499
54$891,063$657,535$598,050$810,348
55$918,882$626,684$555,014$803,643
56$947,551$592,334$508,550$795,270
57$977,095$554,253$458,481$785,109
58$1,007,539$512,191$404,620$773,032
59$1,038,907$465,888$346,774$758,905
60$1,071,226$415,067$284,742$742,585
61$1,104,522$359,436$218,311$723,922
62$1,138,821$298,686$147,262$702,756
63$1,174,150$232,491$71,365$678,919
64$1,210,536$160,506$0$652,233
65$1,248,007$82,367$0$623,844
66$1,286,591$0$0$602,869
67$1,326,317$0$0$580,343
68$1,367,212$0$0$598,205
69$1,409,304$0$0$616,587
70$1,452,624$0$0$635,500
71$1,497,198$0$0$654,958
72$1,543,056$0$0$674,971
73$1,590,226$0$0$695,552
74$1,638,734$0$0$716,712
75$1,688,610$0$0$738,461
76$1,739,878$0$0$760,812
77$1,792,565$0$0$783,773
78$1,846,696$0$0$807,355
79$1,902,293$0$0$831,568
80$1,959,380$0$0$856,418
81$2,017,975$0$0$881,914
82$2,078,098$0$0$908,063
83$2,139,762$0$0$934,868
84$2,202,983$0$0$962,335
85$2,267,768$0$0$990,465
86$2,334,124$0$0$1,019,258
87$2,402,052$0$0$1,048,712
88$2,471,549$0$0$1,078,824
89$2,542,605$0$0$1,109,586
90$2,615,207$0$0$1,140,989
91$2,689,332$0$0$1,173,018
92$2,764,950$0$0$1,205,658
93$2,842,022$0$0$1,238,886
94$2,920,499$0$0$1,272,677
95$3,000,321$0$0$1,306,998
96$3,081,417$0$0$1,341,812
97$3,163,698$0$0$1,377,073
98$3,247,064$0$0$1,412,732
99$3,331,394$0$0$1,448,726
100$3,416,549$0$0$1,484,986