Can I retire at age 50 with 717,000?

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 $717,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$59,209$58,682$58,167$57,665$57,175$56,719
2 years$29,311$28,766$28,237$27,724$27,226$26,767
3 years$19,347$18,799$18,271$17,763$17,273$16,825
4 years$14,366$13,819$13,297$12,797$12,319$11,885
5 years$11,378$10,834$10,319$9,829$9,365$8,946
6 years$9,386$8,847$8,339$7,861$7,410$7,007
7 years$7,964$7,430$6,930$6,463$6,027$5,639
8 years$6,898$6,369$5,877$5,421$5,000$4,628
9 years$6,070$5,545$5,062$4,618$4,210$3,855
10 years$5,407$4,888$4,413$3,981$3,587$3,248
11 years$4,866$4,351$3,885$3,464$3,085$2,761
12 years$4,415$3,905$3,448$3,039$2,674$2,365
13 years$4,033$3,529$3,081$2,683$2,331$2,037
14 years$3,707$3,208$2,768$2,381$2,044$1,764
15 years$3,424$2,931$2,499$2,124$1,800$1,534
16 years$3,177$2,689$2,266$1,902$1,590$1,338
17 years$2,959$2,476$2,062$1,709$1,410$1,171
18 years$2,765$2,288$1,882$1,540$1,254$1,028
19 years$2,592$2,121$1,723$1,391$1,118$904
20 years$2,437$1,971$1,581$1,260$998$796
21 years$2,296$1,836$1,454$1,144$893$703
22 years$2,169$1,713$1,340$1,040$801$621
23 years$2,053$1,603$1,238$947$719$550
24 years$1,946$1,501$1,145$864$646$487
25 years$1,849$1,409$1,060$789$581$432
26 years$1,758$1,324$983$721$524$383
27 years$1,675$1,246$913$660$472$341
28 years$1,598$1,174$849$605$426$303
29 years$1,526$1,108$790$555$385$269
30 years$1,460$1,046$736$509$348$240
31 years$1,397$989$686$468$314$213
32 years$1,339$936$640$430$284$190
33 years$1,284$886$598$395$257$169
34 years$1,233$840$558$364$233$151
35 years$1,184$797$522$335$211$135
36 years$1,139$756$488$308$191$120
37 years$1,096$718$457$284$173$107
38 years$1,055$683$428$262$157$95
39 years$1,017$649$401$241$142$85
40 years$980$618$376$223$129$76
41 years$946$588$352$205$117$68
42 years$913$560$331$190$106$61
43 years$882$533$310$175$97$54
44 years$852$508$291$162$88$48
45 years$824$485$273$149$80$43
46 years$797$463$257$138$72$39
47 years$771$441$241$127$66$34
48 years$746$421$227$118$60$31
49 years$723$402$213$109$54$27
50 years$700$384$200$101$49$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $717,000, adding $4,728 every year, while hoping to spend $37,622 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: 59/17/24 Blend
49$717,000$717,000$717,000$717,000
50$795,011$757,010$745,896$836,537
51$836,073$754,074$730,854$862,417
52$880,061$749,733$714,048$886,171
53$927,237$743,879$695,377$911,268
54$977,882$736,396$674,740$937,846
55$1,032,309$727,163$652,027$966,060
56$1,090,861$716,050$627,126$996,080
57$1,153,912$702,920$599,918$1,028,097
58$1,221,876$687,628$570,280$1,062,323
59$1,295,205$670,019$538,082$1,098,994
60$1,374,398$649,932$503,190$1,138,371
61$1,460,002$627,194$465,462$1,180,743
62$1,552,618$601,622$424,750$1,226,434
63$1,652,907$573,024$380,902$1,275,799
64$1,761,596$541,195$333,754$1,329,236
65$1,879,484$505,919$283,141$1,387,184
66$2,007,451$466,968$228,885$1,450,131
67$2,146,462$424,100$170,804$1,518,616
68$2,297,581$377,061$108,706$1,593,238
69$2,461,978$325,581$42,391$1,674,660
70$2,640,940$269,375$0$1,763,616
71$2,835,883$208,141$0$1,868,188
72$3,048,366$141,563$0$1,994,065
73$3,280,103$69,303$0$2,131,435
74$3,532,983$0$0$2,281,462
75$3,809,083$0$0$2,447,112
76$4,110,691$0$0$2,642,283
77$4,440,325$0$0$2,855,647
78$4,800,758$0$0$3,089,005
79$5,195,042$0$0$3,344,342
80$5,626,538$0$0$3,623,841
81$6,098,947$0$0$3,929,907
82$6,616,344$0$0$4,265,190
83$7,183,218$0$0$4,632,607
84$7,804,512$0$0$5,035,369
85$8,485,668$0$0$5,477,016
86$9,232,683$0$0$5,961,444
87$10,052,160$0$0$6,492,946
88$10,951,373$0$0$7,076,248
89$11,938,332$0$0$7,716,560
90$13,021,865$0$0$8,419,618
91$14,211,691$0$0$9,191,740
92$15,518,519$0$0$10,039,889
93$16,954,147$0$0$10,971,732
94$18,531,570$0$0$11,995,718
95$20,265,105$0$0$13,121,155
96$22,170,526$0$0$14,358,294
97$24,265,208$0$0$15,718,434
98$26,568,297$0$0$17,214,019
99$29,100,883$0$0$18,858,761
100$31,886,206$0$0$20,667,768