Can I retire at age 50 with 723,000?

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 $723,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$59,705$59,173$58,654$58,148$57,653$56,885
2 years$29,557$29,006$28,473$27,956$27,454$26,682
3 years$19,509$18,956$18,424$17,911$17,418$16,665
4 years$14,486$13,935$13,408$12,904$12,423$11,695
5 years$11,473$10,925$10,405$9,912$9,443$8,743
6 years$9,465$8,921$8,409$7,926$7,472$6,801
7 years$8,031$7,492$6,988$6,517$6,077$5,434
8 years$6,956$6,422$5,926$5,467$5,041$4,427
9 years$6,121$5,591$5,104$4,656$4,246$3,659
10 years$5,453$4,929$4,450$4,014$3,617$3,058
11 years$4,906$4,388$3,918$3,493$3,111$2,579
12 years$4,452$3,938$3,477$3,064$2,696$2,191
13 years$4,067$3,559$3,106$2,705$2,351$1,872
14 years$3,738$3,235$2,791$2,401$2,061$1,607
15 years$3,452$2,955$2,520$2,142$1,815$1,385
16 years$3,203$2,711$2,285$1,918$1,604$1,198
17 years$2,983$2,497$2,079$1,723$1,422$1,039
18 years$2,788$2,307$1,898$1,553$1,264$903
19 years$2,614$2,138$1,737$1,403$1,127$787
20 years$2,457$1,987$1,594$1,271$1,007$687
21 years$2,316$1,851$1,467$1,153$901$600
22 years$2,187$1,728$1,352$1,049$807$525
23 years$2,070$1,616$1,248$955$725$460
24 years$1,963$1,514$1,154$871$651$404
25 years$1,864$1,421$1,069$795$586$354
26 years$1,773$1,335$992$727$528$311
27 years$1,689$1,257$921$666$476$274
28 years$1,611$1,184$856$610$430$241
29 years$1,539$1,117$796$559$388$212
30 years$1,472$1,055$742$513$350$187
31 years$1,409$997$692$471$317$164
32 years$1,350$944$645$433$287$145
33 years$1,295$894$603$398$259$128
34 years$1,243$847$563$367$235$113
35 years$1,194$803$526$337$213$99
36 years$1,148$763$492$311$193$88
37 years$1,105$724$461$286$175$77
38 years$1,064$688$432$264$158$68
39 years$1,025$655$404$243$144$60
40 years$988$623$379$224$130$53
41 years$954$593$355$207$118$47
42 years$920$565$333$191$107$41
43 years$889$538$313$176$97$36
44 years$859$513$294$163$88$32
45 years$830$489$276$150$80$28
46 years$803$466$259$139$73$25
47 years$777$445$243$128$66$22
48 years$752$425$229$119$60$20
49 years$729$406$215$110$55$17
50 years$706$388$202$101$50$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $723,000, adding $5,611 every year, while hoping to spend $31,647 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: 48/42/10 Blend
49$723,000$723,000$723,000$723,000
50$802,534$764,215$753,008$838,608
51$850,720$767,989$744,562$867,762
52$902,761$770,888$734,772$895,632
53$959,015$772,834$723,560$925,167
54$1,019,879$773,748$710,844$956,533
55$1,085,788$773,542$696,537$989,911
56$1,157,218$772,125$680,551$1,025,506
57$1,234,695$769,400$662,790$1,063,542
58$1,318,797$765,264$643,157$1,104,271
59$1,410,160$759,608$621,549$1,147,969
60$1,509,483$752,315$597,857$1,194,944
61$1,617,534$743,262$571,969$1,245,537
62$1,735,160$732,320$543,768$1,300,126
63$1,863,292$719,350$513,130$1,359,131
64$2,002,955$704,205$479,927$1,423,015
65$2,155,276$686,730$444,024$1,492,293
66$2,321,496$666,762$405,281$1,567,535
67$2,502,982$644,127$363,551$1,649,371
68$2,701,237$618,640$318,681$1,738,501
69$2,917,917$590,107$270,511$1,835,697
70$3,154,845$558,323$218,873$1,941,818
71$3,414,028$523,069$163,593$2,057,809
72$3,697,675$484,115$104,490$2,184,720
73$4,008,219$441,218$41,372$2,323,711
74$4,348,340$394,121$0$2,476,066
75$4,720,990$342,552$0$2,645,977
76$5,129,416$286,222$0$2,837,133
77$5,577,200$224,830$0$3,046,874
78$6,068,281$158,054$0$3,277,144
79$6,607,002$85,555$0$3,530,089
80$7,198,145$6,976$0$3,808,083
81$7,846,978$0$0$4,113,745
82$8,559,302$0$0$4,486,045
83$9,341,508$0$0$4,898,494
84$10,200,639$0$0$5,351,592
85$11,144,449$0$0$5,849,439
86$12,181,483$0$0$6,396,555
87$13,321,154$0$0$6,997,916
88$14,573,832$0$0$7,659,006
89$15,950,941$0$0$8,385,868
90$17,465,069$0$0$9,185,158
91$19,130,083$0$0$10,064,209
92$20,961,261$0$0$11,031,101
93$22,975,435$0$0$12,094,737
94$25,191,154$0$0$13,264,926
95$27,628,851$0$0$14,552,474
96$30,311,042$0$0$15,969,290
97$33,262,534$0$0$17,528,494
98$36,510,660$0$0$19,244,542
99$40,085,538$0$0$21,133,363
100$44,020,355$0$0$23,212,510