Can I retire at age 50 with 714,000?

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 $714,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$58,961$58,436$57,924$57,424$56,935$55,491
2 years$29,189$28,645$28,118$27,608$27,112$25,667
3 years$19,266$18,720$18,194$17,688$17,201$15,799
4 years$14,305$13,761$13,241$12,744$12,268$10,921
5 years$11,330$10,789$10,275$9,788$9,326$8,037
6 years$9,347$8,810$8,304$7,828$7,379$6,150
7 years$7,931$7,399$6,901$6,436$6,001$4,832
8 years$6,870$6,342$5,852$5,399$4,979$3,868
9 years$6,044$5,522$5,041$4,598$4,193$3,141
10 years$5,385$4,867$4,395$3,964$3,572$2,577
11 years$4,845$4,333$3,869$3,450$3,072$2,133
12 years$4,396$3,889$3,434$3,026$2,662$1,777
13 years$4,016$3,515$3,068$2,671$2,322$1,488
14 years$3,691$3,195$2,756$2,371$2,035$1,252
15 years$3,409$2,918$2,489$2,115$1,792$1,057
16 years$3,163$2,678$2,256$1,894$1,584$895
17 years$2,946$2,466$2,053$1,701$1,404$759
18 years$2,754$2,279$1,874$1,533$1,249$646
19 years$2,581$2,112$1,716$1,385$1,113$550
20 years$2,427$1,962$1,575$1,255$994$470
21 years$2,287$1,828$1,448$1,139$890$401
22 years$2,160$1,706$1,335$1,035$797$343
23 years$2,044$1,596$1,233$943$716$294
24 years$1,938$1,495$1,140$860$643$252
25 years$1,841$1,403$1,056$785$579$216
26 years$1,751$1,319$979$718$521$185
27 years$1,668$1,241$909$657$470$159
28 years$1,591$1,169$845$602$424$136
29 years$1,520$1,103$787$552$383$117
30 years$1,453$1,042$733$507$346$101
31 years$1,391$985$683$466$313$86
32 years$1,333$932$637$428$283$74
33 years$1,279$883$595$393$256$64
34 years$1,227$837$556$362$232$55
35 years$1,179$793$520$333$210$47
36 years$1,134$753$486$307$190$41
37 years$1,091$715$455$283$173$35
38 years$1,051$680$426$261$156$30
39 years$1,012$646$399$240$142$26
40 years$976$615$374$222$129$22
41 years$942$585$351$205$117$19
42 years$909$557$329$189$106$16
43 years$878$531$309$174$96$14
44 years$848$506$290$161$87$12
45 years$820$483$272$149$79$10
46 years$793$461$256$137$72$9
47 years$768$440$240$127$65$8
48 years$743$420$226$117$59$7
49 years$720$401$212$108$54$6
50 years$697$383$200$100$49$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $714,000, adding $3,728 every year, while hoping to spend $29,213 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: 46/33/21 Blend
49$714,000$714,000$714,000$714,000
50$790,673$752,831$741,764$822,135
51$840,240$758,638$735,531$850,368
52$893,883$763,750$728,110$877,788
53$951,987$768,102$719,430$906,936
54$1,014,977$771,626$709,418$937,986
55$1,083,317$774,248$697,996$971,133
56$1,157,519$775,889$685,082$1,006,591
57$1,238,146$776,469$670,593$1,044,599
58$1,325,818$775,897$654,439$1,085,420
59$1,421,216$774,080$636,527$1,129,349
60$1,525,090$770,920$616,761$1,176,708
61$1,638,265$766,311$595,038$1,227,859
62$1,761,648$760,140$571,252$1,283,200
63$1,896,240$752,290$545,292$1,343,172
64$2,043,139$742,635$517,042$1,408,264
65$2,203,557$731,042$486,381$1,479,018
66$2,378,825$717,369$453,180$1,556,032
67$2,570,412$701,467$417,309$1,639,971
68$2,779,933$683,177$378,627$1,731,567
69$3,009,166$662,333$336,991$1,831,634
70$3,260,070$638,756$292,249$1,941,070
71$3,534,801$612,259$244,243$2,060,869
72$3,835,734$582,643$192,809$2,192,130
73$4,165,484$549,697$137,773$2,336,070
74$4,526,931$513,201$78,957$2,494,031
75$4,923,248$472,918$16,172$2,667,501
76$5,357,929$428,600$0$2,858,122
77$5,834,821$379,984$0$3,079,099
78$6,358,163$326,794$0$3,325,656
79$6,932,623$268,735$0$3,596,431
80$7,563,346$205,498$0$3,893,924
81$8,255,995$136,755$0$4,220,891
82$9,016,812$62,162$0$4,580,378
83$9,852,672$0$0$4,975,742
84$10,771,148$0$0$5,417,461
85$11,780,584$0$0$5,927,820
86$12,890,171$0$0$6,488,907
87$14,110,038$0$0$7,105,852
88$15,451,341$0$0$7,784,311
89$16,926,372$0$0$8,530,513
90$18,548,675$0$0$9,351,322
91$20,333,170$0$0$10,254,300
92$22,296,299$0$0$11,247,780
93$24,456,176$0$0$12,340,943
94$26,832,757$0$0$13,543,903
95$29,448,035$0$0$14,867,808
96$32,326,238$0$0$16,324,937
97$35,494,065$0$0$17,928,823
98$38,980,933$0$0$19,694,375
99$42,819,256$0$0$21,638,024
100$47,044,748$0$0$23,777,871