Can I retire at age 50 with 724,000?

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 $724,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$59,787$59,255$58,735$58,228$57,733$56,200
2 years$29,598$29,046$28,512$27,994$27,492$25,959
3 years$19,536$18,982$18,449$17,936$17,442$15,956
4 years$14,506$13,954$13,426$12,922$12,440$11,012
5 years$11,489$10,940$10,419$9,925$9,456$8,092
6 years$9,478$8,933$8,420$7,937$7,483$6,182
7 years$8,042$7,502$6,997$6,526$6,085$4,848
8 years$6,966$6,431$5,934$5,474$5,048$3,875
9 years$6,129$5,599$5,111$4,663$4,251$3,140
10 years$5,460$4,935$4,456$4,019$3,622$2,572
11 years$4,913$4,394$3,923$3,498$3,115$2,124
12 years$4,458$3,944$3,482$3,068$2,700$1,766
13 years$4,073$3,564$3,111$2,709$2,354$1,476
14 years$3,743$3,239$2,795$2,405$2,064$1,239
15 years$3,457$2,959$2,523$2,145$1,817$1,044
16 years$3,208$2,715$2,288$1,920$1,606$882
17 years$2,988$2,500$2,082$1,725$1,424$747
18 years$2,792$2,311$1,900$1,555$1,266$634
19 years$2,618$2,141$1,740$1,405$1,128$539
20 years$2,461$1,990$1,597$1,272$1,008$459
21 years$2,319$1,853$1,469$1,155$902$391
22 years$2,190$1,730$1,354$1,050$809$334
23 years$2,073$1,618$1,250$956$726$285
24 years$1,965$1,516$1,156$872$652$244
25 years$1,867$1,423$1,071$796$587$208
26 years$1,776$1,337$993$728$529$178
27 years$1,692$1,258$922$667$477$153
28 years$1,614$1,186$857$611$430$131
29 years$1,541$1,119$798$560$388$112
30 years$1,474$1,057$743$514$351$96
31 years$1,411$999$693$472$317$82
32 years$1,352$945$646$434$287$70
33 years$1,297$895$603$399$260$60
34 years$1,245$848$564$367$235$52
35 years$1,196$805$527$338$213$44
36 years$1,150$764$493$311$193$38
37 years$1,106$725$462$287$175$33
38 years$1,065$689$432$264$159$28
39 years$1,027$655$405$244$144$24
40 years$990$624$380$225$130$21
41 years$955$594$356$207$118$18
42 years$922$565$334$191$107$15
43 years$890$539$313$177$97$13
44 years$860$513$294$163$88$11
45 years$832$490$276$151$80$10
46 years$804$467$259$139$73$8
47 years$778$446$244$129$66$7
48 years$753$425$229$119$60$6
49 years$730$406$215$110$55$5
50 years$707$388$202$101$50$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $724,000, adding $6,173 every year, while hoping to spend $45,798 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: 59/29/12 Blend
49$724,000$724,000$724,000$724,000
50$804,215$765,843$754,621$848,951
51$837,517$754,641$731,173$868,607
52$872,680$741,355$705,403$884,352
53$909,846$725,834$677,187$900,420
54$949,170$707,920$646,393$916,847
55$990,821$687,443$612,882$933,674
56$1,034,982$664,225$576,511$950,949
57$1,081,855$638,078$537,129$968,727
58$1,131,661$608,800$494,580$987,071
59$1,184,639$576,180$448,697$1,006,053
60$1,241,054$539,995$399,310$1,025,754
61$1,301,195$500,007$346,240$1,046,269
62$1,365,376$455,967$289,299$1,067,703
63$1,433,945$407,610$228,291$1,090,178
64$1,507,281$354,656$163,012$1,113,829
65$1,585,800$296,811$93,249$1,138,811
66$1,669,958$233,762$18,780$1,165,299
67$1,760,257$165,178$0$1,193,489
68$1,857,245$90,714$0$1,231,374
69$1,961,524$10,000$0$1,274,502
70$2,073,758$0$0$1,320,778
71$2,194,673$0$0$1,395,236
72$2,325,067$0$0$1,479,017
73$2,465,817$0$0$1,569,500
74$2,617,886$0$0$1,667,310
75$2,782,335$0$0$1,773,135
76$2,960,325$0$0$1,887,731
77$3,153,138$0$0$2,011,928
78$3,362,180$0$0$2,146,640
79$3,588,998$0$0$2,292,872
80$3,835,294$0$0$2,451,729
81$4,102,938$0$0$2,624,426
82$4,393,990$0$0$2,812,301
83$4,710,715$0$0$3,016,825
84$5,055,605$0$0$3,239,617
85$5,431,402$0$0$3,482,458
86$5,841,125$0$0$3,747,310
87$6,288,094$0$0$4,036,331
88$6,775,966$0$0$4,351,895
89$7,308,765$0$0$4,696,619
90$7,890,922$0$0$5,073,381
91$8,527,314$0$0$5,485,350
92$9,223,310$0$0$5,936,017
93$9,984,824$0$0$6,429,223
94$10,818,366$0$0$6,969,199
95$11,731,104$0$0$7,560,606
96$12,730,933$0$0$8,208,573
97$13,826,547$0$0$8,918,751
98$15,027,521$0$0$9,697,364
99$16,344,400$0$0$10,551,267
100$17,788,800$0$0$11,488,007