Can I retire at age 50 with 720,000?

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 $720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$59,457$58,927$58,411$57,906$57,414$56,814
2 years$29,434$28,886$28,355$27,840$27,340$26,736
3 years$19,428$18,877$18,347$17,837$17,346$16,756
4 years$14,426$13,877$13,352$12,851$12,371$11,801
5 years$11,425$10,880$10,362$9,870$9,404$8,855
6 years$9,425$8,884$8,374$7,894$7,441$6,913
7 years$7,998$7,461$6,959$6,490$6,052$5,545
8 years$6,927$6,395$5,902$5,444$5,020$4,536
9 years$6,095$5,568$5,083$4,637$4,228$3,765
10 years$5,430$4,908$4,431$3,997$3,602$3,160
11 years$4,886$4,369$3,901$3,479$3,098$2,677
12 years$4,433$3,922$3,462$3,051$2,685$2,284
13 years$4,050$3,544$3,093$2,694$2,341$1,960
14 years$3,722$3,221$2,779$2,391$2,052$1,690
15 years$3,438$2,943$2,509$2,133$1,807$1,464
16 years$3,190$2,700$2,275$1,910$1,597$1,272
17 years$2,971$2,487$2,070$1,716$1,416$1,109
18 years$2,777$2,298$1,890$1,546$1,259$969
19 years$2,603$2,130$1,730$1,397$1,122$848
20 years$2,447$1,979$1,588$1,265$1,002$744
21 years$2,306$1,843$1,461$1,148$897$654
22 years$2,178$1,721$1,346$1,044$804$575
23 years$2,061$1,609$1,243$951$722$507
24 years$1,954$1,508$1,149$867$649$447
25 years$1,856$1,415$1,065$792$584$394
26 years$1,766$1,330$987$724$526$349
27 years$1,682$1,252$917$663$474$308
28 years$1,605$1,179$852$607$428$273
29 years$1,533$1,113$793$557$386$241
30 years$1,466$1,051$739$511$349$214
31 years$1,403$993$689$469$316$189
32 years$1,344$940$643$431$285$168
33 years$1,289$890$600$397$258$149
34 years$1,238$844$561$365$234$132
35 years$1,189$800$524$336$212$117
36 years$1,144$759$490$309$192$104
37 years$1,100$721$459$285$174$92
38 years$1,060$685$430$263$158$82
39 years$1,021$652$403$242$143$73
40 years$984$620$377$224$130$64
41 years$950$590$354$206$118$57
42 years$917$562$332$190$107$51
43 years$885$536$312$176$97$45
44 years$855$511$292$162$88$40
45 years$827$487$275$150$80$36
46 years$800$464$258$138$73$32
47 years$774$443$242$128$66$28
48 years$749$423$228$118$60$25
49 years$726$404$214$109$54$22
50 years$703$386$201$101$49$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $720,000, adding $5,242 every year, while hoping to spend $58,527 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: 81/12/7 Blend
49$720,000$720,000$720,000$720,000
50$798,847$760,687$749,527$862,556
51$818,057$735,689$712,364$880,016
52$837,265$707,503$671,994$890,871
53$856,409$675,914$628,249$901,002
54$875,418$640,689$580,951$910,304
55$894,214$601,586$529,916$918,662
56$912,706$558,346$474,950$925,951
57$930,794$510,696$415,852$932,030
58$948,363$458,349$352,412$936,749
59$965,288$401,000$284,410$939,939
60$981,425$338,327$211,615$941,416
61$996,615$269,989$133,789$940,978
62$1,010,679$195,628$50,680$938,402
63$1,023,419$114,865$0$933,444
64$1,034,612$27,297$0$928,676
65$1,044,012$0$0$925,188
66$1,051,342$0$0$927,801
67$1,056,296$0$0$931,888
68$1,058,533$0$0$933,539
69$1,057,675$0$0$932,416
70$1,053,302$0$0$928,145
71$1,044,947$0$0$920,307
72$1,032,092$0$0$908,440
73$1,014,163$0$0$892,033
74$990,525$0$0$870,516
75$960,472$0$0$843,261
76$923,225$0$0$809,570
77$877,920$0$0$768,672
78$823,600$0$0$719,713
79$759,207$0$0$661,748
80$683,572$0$0$593,733
81$595,400$0$0$514,511
82$493,261$0$0$422,806
83$375,573$0$0$317,204
84$240,589$0$0$196,147
85$86,378$0$0$57,909
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