Can I retire at age 50 with 721,000?

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 $721,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$59,540$59,009$58,492$57,987$57,494$56,264
2 years$29,475$28,926$28,394$27,878$27,378$26,145
3 years$19,455$18,903$18,373$17,862$17,370$16,172
4 years$14,446$13,896$13,371$12,868$12,388$11,235
5 years$11,441$10,895$10,376$9,884$9,417$8,312
6 years$9,439$8,896$8,386$7,904$7,452$6,395
7 years$8,009$7,471$6,968$6,499$6,060$5,053
8 years$6,937$6,404$5,910$5,452$5,027$4,069
9 years$6,104$5,576$5,090$4,644$4,234$3,323
10 years$5,438$4,915$4,438$4,003$3,607$2,744
11 years$4,893$4,375$3,907$3,484$3,103$2,285
12 years$4,439$3,927$3,467$3,056$2,689$1,916
13 years$4,056$3,549$3,098$2,698$2,345$1,616
14 years$3,727$3,226$2,783$2,395$2,055$1,368
15 years$3,443$2,947$2,513$2,136$1,810$1,163
16 years$3,194$2,704$2,278$1,912$1,599$992
17 years$2,975$2,490$2,073$1,718$1,418$848
18 years$2,781$2,301$1,893$1,548$1,261$727
19 years$2,607$2,133$1,733$1,399$1,124$624
20 years$2,450$1,982$1,590$1,267$1,004$536
21 years$2,309$1,846$1,463$1,150$898$462
22 years$2,181$1,723$1,348$1,046$805$398
23 years$2,064$1,611$1,245$952$723$343
24 years$1,957$1,510$1,151$869$650$296
25 years$1,859$1,417$1,066$793$585$256
26 years$1,768$1,332$989$725$527$222
27 years$1,685$1,253$918$664$475$192
28 years$1,607$1,181$854$608$428$166
29 years$1,535$1,114$794$558$387$144
30 years$1,468$1,052$740$512$350$124
31 years$1,405$995$690$470$316$108
32 years$1,346$941$644$432$286$93
33 years$1,291$891$601$397$259$81
34 years$1,240$845$561$366$234$70
35 years$1,191$801$525$337$212$61
36 years$1,145$760$491$310$192$53
37 years$1,102$722$460$286$174$46
38 years$1,061$686$430$263$158$40
39 years$1,022$653$403$243$143$34
40 years$986$621$378$224$130$30
41 years$951$591$354$207$118$26
42 years$918$563$332$191$107$23
43 years$887$536$312$176$97$20
44 years$857$511$293$162$88$17
45 years$828$488$275$150$80$15
46 years$801$465$258$139$73$13
47 years$775$444$243$128$66$11
48 years$750$424$228$118$60$10
49 years$727$405$214$109$54$8
50 years$704$387$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 $721,000, adding $4,832 every year, while hoping to spend $39,239 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: 63/32/5 Blend
49$721,000$721,000$721,000$721,000
50$799,526$761,313$750,138$848,993
51$839,328$756,868$733,517$878,089
52$881,874$750,889$715,025$904,772
53$927,404$743,261$694,557$932,874
54$976,178$733,860$672,003$962,529
55$1,028,484$722,554$647,251$993,886
56$1,084,636$709,207$620,181$1,027,113
57$1,144,980$693,669$590,668$1,062,392
58$1,209,895$675,786$558,583$1,099,928
59$1,279,797$655,392$523,788$1,139,948
60$1,355,144$632,314$486,143$1,182,704
61$1,436,438$606,366$445,497$1,228,474
62$1,524,230$577,354$401,697$1,277,569
63$1,619,128$545,070$354,580$1,330,331
64$1,721,797$509,296$303,976$1,387,143
65$1,832,969$469,802$249,709$1,448,424
66$1,953,452$426,341$191,594$1,514,644
67$2,084,129$378,657$129,437$1,586,320
68$2,225,975$326,477$63,039$1,664,028
69$2,380,062$269,511$0$1,748,402
70$2,547,567$207,456$0$1,840,566
71$2,729,787$139,989$0$1,944,497
72$2,928,147$66,771$0$2,057,707
73$3,144,218$0$0$2,181,163
74$3,379,727$0$0$2,320,360
75$3,636,573$0$0$2,497,857
76$3,916,850$0$0$2,691,596
77$4,222,859$0$0$2,903,172
78$4,557,135$0$0$3,134,347
79$4,922,470$0$0$3,387,055
80$5,321,934$0$0$3,663,428
81$5,758,911$0$0$3,965,816
82$6,237,125$0$0$4,296,801
83$6,760,677$0$0$4,659,231
84$7,334,083$0$0$5,056,239
85$7,962,317$0$0$5,491,278
86$8,650,856$0$0$5,968,149
87$9,405,732$0$0$6,491,038
88$10,233,589$0$0$7,064,558
89$11,141,744$0$0$7,693,787
90$12,138,257$0$0$8,384,320
91$13,232,007$0$0$9,142,319
92$14,432,771$0$0$9,974,571
93$15,751,324$0$0$10,888,555
94$17,199,530$0$0$11,892,508
95$18,790,463$0$0$12,995,503
96$20,538,524$0$0$14,207,538
97$22,459,576$0$0$15,539,625
98$24,571,100$0$0$17,003,896
99$26,892,348$0$0$18,613,719
100$29,444,537$0$0$20,383,820