Can I retire at age 50 with 711,000?

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 $711,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$58,714$58,191$57,680$57,182$56,696$56,410
2 years$29,066$28,525$28,000$27,492$26,998$26,709
3 years$19,185$18,641$18,118$17,614$17,129$16,846
4 years$14,245$13,703$13,185$12,690$12,216$11,942
5 years$11,282$10,744$10,232$9,747$9,287$9,022
6 years$9,308$8,773$8,269$7,795$7,348$7,093
7 years$7,898$7,368$6,872$6,409$5,976$5,731
8 years$6,841$6,315$5,828$5,376$4,958$4,722
9 years$6,019$5,499$5,019$4,579$4,175$3,949
10 years$5,362$4,847$4,376$3,947$3,557$3,341
11 years$4,825$4,315$3,853$3,435$3,060$2,853
12 years$4,378$3,873$3,419$3,013$2,651$2,454
13 years$3,999$3,500$3,055$2,660$2,312$2,123
14 years$3,676$3,181$2,745$2,361$2,027$1,847
15 years$3,395$2,906$2,478$2,106$1,784$1,614
16 years$3,150$2,666$2,247$1,886$1,577$1,415
17 years$2,934$2,456$2,044$1,694$1,398$1,244
18 years$2,742$2,269$1,866$1,527$1,243$1,097
19 years$2,571$2,103$1,709$1,380$1,108$970
20 years$2,416$1,954$1,568$1,250$990$859
21 years$2,277$1,820$1,442$1,134$886$762
22 years$2,151$1,699$1,329$1,031$794$677
23 years$2,035$1,589$1,227$939$713$602
24 years$1,930$1,489$1,135$856$641$536
25 years$1,833$1,397$1,051$782$576$478
26 years$1,744$1,313$975$715$519$427
27 years$1,661$1,236$905$655$468$381
28 years$1,585$1,165$842$600$422$341
29 years$1,514$1,099$783$550$381$305
30 years$1,447$1,038$730$505$345$273
31 years$1,385$981$680$464$312$244
32 years$1,328$928$635$426$282$219
33 years$1,273$879$593$392$255$196
34 years$1,222$833$554$360$231$176
35 years$1,174$790$518$332$209$158
36 years$1,129$750$484$306$190$141
37 years$1,087$712$453$282$172$127
38 years$1,046$677$424$260$156$114
39 years$1,008$644$398$239$141$102
40 years$972$612$373$221$128$92
41 years$938$583$349$204$116$82
42 years$905$555$328$188$105$74
43 years$874$529$308$173$96$66
44 years$845$504$289$160$87$60
45 years$817$481$271$148$79$54
46 years$790$459$255$137$72$48
47 years$764$438$239$126$65$43
48 years$740$418$225$117$59$39
49 years$717$399$211$108$54$35
50 years$694$381$199$100$49$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $711,000, adding $3,005 every year, while hoping to spend $59,148 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: 57/22/21 Blend
49$711,000$711,000$711,000$711,000
50$786,622$748,939$737,918$826,867
51$803,924$722,704$699,705$828,403
52$821,009$693,201$658,230$823,475
53$837,792$660,207$613,321$816,811
54$854,177$623,488$564,797$808,258
55$870,058$582,794$512,473$797,651
56$885,314$537,861$456,151$784,812
57$899,812$488,412$395,628$769,546
58$913,401$434,152$330,689$751,647
59$925,912$374,770$261,112$730,889
60$937,159$309,938$186,664$707,027
61$946,933$239,309$107,101$679,797
62$955,001$162,515$22,169$648,914
63$961,103$79,170$0$614,069
64$964,951$0$0$590,267
65$966,225$0$0$570,798
66$964,568$0$0$568,619
67$959,586$0$0$564,316
68$950,840$0$0$557,611
69$937,843$0$0$548,198
70$920,055$0$0$535,737
71$896,880$0$0$519,851
72$867,655$0$0$500,123
73$831,646$0$0$476,090
74$788,043$0$0$447,243
75$735,947$0$0$413,015
76$674,363$0$0$372,780
77$602,194$0$0$325,847
78$518,223$0$0$271,450
79$421,108$0$0$208,745
80$309,362$0$0$136,796
81$181,345$0$0$54,572
82$35,245$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0