Can I retire at age 50 with 719,000?

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 $719,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$59,374$58,845$58,329$57,826$57,334$56,131
2 years$29,393$28,846$28,315$27,801$27,302$26,095
3 years$19,401$18,851$18,322$17,812$17,321$16,149
4 years$14,406$13,858$13,334$12,833$12,354$11,225
5 years$11,409$10,864$10,347$9,857$9,391$8,309
6 years$9,412$8,872$8,362$7,883$7,431$6,396
7 years$7,987$7,450$6,949$6,481$6,043$5,056
8 years$6,918$6,386$5,893$5,436$5,014$4,074
9 years$6,087$5,560$5,076$4,631$4,222$3,330
10 years$5,422$4,901$4,425$3,992$3,597$2,751
11 years$4,879$4,363$3,896$3,474$3,094$2,293
12 years$4,427$3,916$3,458$3,047$2,681$1,924
13 years$4,044$3,539$3,089$2,690$2,338$1,623
14 years$3,717$3,217$2,776$2,388$2,049$1,375
15 years$3,433$2,939$2,506$2,130$1,805$1,170
16 years$3,185$2,696$2,272$1,907$1,595$998
17 years$2,967$2,483$2,067$1,713$1,414$854
18 years$2,773$2,295$1,887$1,544$1,257$733
19 years$2,600$2,127$1,728$1,395$1,121$629
20 years$2,444$1,976$1,586$1,264$1,001$541
21 years$2,303$1,841$1,459$1,147$896$467
22 years$2,175$1,718$1,344$1,043$803$402
23 years$2,058$1,607$1,241$950$721$347
24 years$1,952$1,506$1,148$866$648$300
25 years$1,854$1,413$1,063$791$583$260
26 years$1,763$1,328$986$723$525$225
27 years$1,680$1,250$916$662$473$195
28 years$1,602$1,178$851$607$427$169
29 years$1,531$1,111$792$556$386$146
30 years$1,464$1,049$738$510$349$127
31 years$1,401$992$688$469$315$110
32 years$1,342$939$642$431$285$95
33 years$1,288$889$599$396$258$83
34 years$1,236$842$560$365$234$72
35 years$1,188$799$523$336$212$62
36 years$1,142$758$490$309$192$54
37 years$1,099$720$458$285$174$47
38 years$1,058$684$429$262$157$41
39 years$1,020$651$402$242$143$35
40 years$983$619$377$223$130$31
41 years$948$589$353$206$118$27
42 years$915$561$332$190$107$23
43 years$884$535$311$175$97$20
44 years$854$510$292$162$88$17
45 years$826$486$274$150$80$15
46 years$799$464$258$138$72$13
47 years$773$443$242$128$66$11
48 years$748$423$227$118$60$10
49 years$725$404$214$109$54$9
50 years$702$385$201$101$49$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $719,000, adding $4,259 every year, while hoping to spend $48,671 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: 34/43/23 Blend
49$719,000$719,000$719,000$719,000
50$796,731$758,624$747,480$818,113
51$826,212$744,011$720,735$819,775
52$857,069$727,051$691,462$816,831
53$889,391$707,577$659,527$812,673
54$923,273$685,413$624,786$807,223
55$958,822$660,373$587,091$800,400
56$996,150$632,259$546,287$792,123
57$1,035,380$600,863$502,210$782,303
58$1,076,647$565,963$454,692$770,853
59$1,120,096$527,327$403,556$757,678
60$1,165,887$484,707$348,616$742,683
61$1,214,192$437,842$289,679$725,770
62$1,265,199$386,456$226,543$706,836
63$1,319,115$330,258$158,998$685,778
64$1,376,163$268,939$86,823$662,487
65$1,436,590$202,175$9,789$636,856
66$1,500,661$129,621$0$608,772
67$1,568,670$50,914$0$595,894
68$1,640,937$0$0$584,053
69$1,717,811$0$0$587,037
70$1,799,676$0$0$615,928
71$1,886,950$0$0$646,789
72$1,980,093$0$0$679,791
73$2,079,608$0$0$715,120
74$2,186,046$0$0$752,983
75$2,300,011$0$0$793,601
76$2,422,168$0$0$837,224
77$2,553,242$0$0$884,120
78$2,694,032$0$0$934,586
79$2,845,414$0$0$988,950
80$3,008,350$0$0$1,047,568
81$3,183,895$0$0$1,110,833
82$3,373,210$0$0$1,179,179
83$3,577,569$0$0$1,253,081
84$3,798,371$0$0$1,333,059
85$4,037,156$0$0$1,419,688
86$4,295,614$0$0$1,513,599
87$4,575,605$0$0$1,615,486
88$4,879,173$0$0$1,726,111
89$5,208,566$0$0$1,846,315
90$5,566,256$0$0$1,977,019
91$5,954,962$0$0$2,119,241
92$6,377,677$0$0$2,274,097
93$6,837,690$0$0$2,442,816
94$7,338,624$0$0$2,626,754
95$7,884,463$0$0$2,827,398
96$8,479,593$0$0$3,046,388
97$9,128,840$0$0$3,285,530
98$9,837,516$0$0$3,546,808
99$10,611,469$0$0$3,832,411
100$11,457,137$0$0$4,144,746