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%15.6%
1 years$59,787$59,255$58,735$58,228$57,733$56,406
2 years$29,598$29,046$28,512$27,994$27,492$26,162
3 years$19,536$18,982$18,449$17,936$17,442$16,151
4 years$14,506$13,954$13,426$12,922$12,440$11,198
5 years$11,489$10,940$10,419$9,925$9,456$8,267
6 years$9,478$8,933$8,420$7,937$7,483$6,347
7 years$8,042$7,502$6,997$6,526$6,085$5,003
8 years$6,966$6,431$5,934$5,474$5,048$4,020
9 years$6,129$5,599$5,111$4,663$4,251$3,275
10 years$5,460$4,935$4,456$4,019$3,622$2,698
11 years$4,913$4,394$3,923$3,498$3,115$2,241
12 years$4,458$3,944$3,482$3,068$2,700$1,874
13 years$4,073$3,564$3,111$2,709$2,354$1,576
14 years$3,743$3,239$2,795$2,405$2,064$1,331
15 years$3,457$2,959$2,523$2,145$1,817$1,128
16 years$3,208$2,715$2,288$1,920$1,606$960
17 years$2,988$2,500$2,082$1,725$1,424$818
18 years$2,792$2,311$1,900$1,555$1,266$699
19 years$2,618$2,141$1,740$1,405$1,128$598
20 years$2,461$1,990$1,597$1,272$1,008$513
21 years$2,319$1,853$1,469$1,155$902$440
22 years$2,190$1,730$1,354$1,050$809$378
23 years$2,073$1,618$1,250$956$726$325
24 years$1,965$1,516$1,156$872$652$280
25 years$1,867$1,423$1,071$796$587$241
26 years$1,776$1,337$993$728$529$208
27 years$1,692$1,258$922$667$477$179
28 years$1,614$1,186$857$611$430$155
29 years$1,541$1,119$798$560$388$133
30 years$1,474$1,057$743$514$351$115
31 years$1,411$999$693$472$317$99
32 years$1,352$945$646$434$287$86
33 years$1,297$895$603$399$260$74
34 years$1,245$848$564$367$235$64
35 years$1,196$805$527$338$213$55
36 years$1,150$764$493$311$193$48
37 years$1,106$725$462$287$175$41
38 years$1,065$689$432$264$159$36
39 years$1,027$655$405$244$144$31
40 years$990$624$380$225$130$27
41 years$955$594$356$207$118$23
42 years$922$565$334$191$107$20
43 years$890$539$313$177$97$17
44 years$860$513$294$163$88$15
45 years$832$490$276$151$80$13
46 years$804$467$259$139$73$11
47 years$778$446$244$129$66$10
48 years$753$425$229$119$60$8
49 years$730$406$215$110$55$7
50 years$707$388$202$101$50$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $724,000, adding $2,281 every year, while hoping to spend $48,788 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: 46/43/11 Blend
49$724,000$724,000$724,000$724,000
50$800,201$761,829$750,607$834,440
51$829,911$747,248$723,842$843,771
52$861,017$730,318$694,546$848,689
53$893,609$710,872$662,581$852,926
54$927,785$688,733$627,806$856,435
55$963,653$663,715$590,071$859,171
56$1,001,328$635,619$549,221$861,085
57$1,040,937$604,238$505,093$862,128
58$1,082,616$569,349$457,517$862,251
59$1,126,515$530,719$406,316$861,405
60$1,172,795$488,100$351,303$859,537
61$1,221,635$441,232$292,287$856,600
62$1,273,227$389,837$229,063$852,542
63$1,327,781$333,624$161,422$847,316
64$1,385,527$272,284$89,142$840,873
65$1,446,716$205,491$11,993$833,167
66$1,511,622$132,901$0$824,156
67$1,580,544$54,151$0$822,053
68$1,653,811$0$0$820,607
69$1,731,781$0$0$833,143
70$1,814,846$0$0$873,841
71$1,903,436$0$0$917,296
72$1,998,022$0$0$963,744
73$2,099,120$0$0$1,013,446
74$2,207,294$0$0$1,066,686
75$2,323,165$0$0$1,123,778
76$2,447,412$0$0$1,185,065
77$2,580,783$0$0$1,250,922
78$2,724,094$0$0$1,321,764
79$2,878,246$0$0$1,398,044
80$3,044,225$0$0$1,480,260
81$3,223,114$0$0$1,568,961
82$3,416,103$0$0$1,664,747
83$3,624,501$0$0$1,768,279
84$3,849,744$0$0$1,880,284
85$4,093,411$0$0$2,001,560
86$4,357,239$0$0$2,132,985
87$4,643,136$0$0$2,275,525
88$4,953,200$0$0$2,430,240
89$5,289,739$0$0$2,598,298
90$5,655,291$0$0$2,780,984
91$6,052,649$0$0$2,979,710
92$6,484,883$0$0$3,196,030
93$6,955,374$0$0$3,431,656
94$7,467,839$0$0$3,688,469
95$8,026,371$0$0$3,968,540
96$8,635,473$0$0$4,274,150
97$9,300,101$0$0$4,607,808
98$10,025,711$0$0$4,972,276
99$10,818,308$0$0$5,370,596
100$11,684,505$0$0$5,806,116