Can I retire at age 50 with 724,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%15.9%
1 years$59,787$59,255$58,735$58,228$57,733$56,337
2 years$29,598$29,046$28,512$27,994$27,492$26,094
3 years$19,536$18,982$18,449$17,936$17,442$16,086
4 years$14,506$13,954$13,426$12,922$12,440$11,136
5 years$11,489$10,940$10,419$9,925$9,456$8,208
6 years$9,478$8,933$8,420$7,937$7,483$6,291
7 years$8,042$7,502$6,997$6,526$6,085$4,951
8 years$6,966$6,431$5,934$5,474$5,048$3,971
9 years$6,129$5,599$5,111$4,663$4,251$3,230
10 years$5,460$4,935$4,456$4,019$3,622$2,655
11 years$4,913$4,394$3,923$3,498$3,115$2,201
12 years$4,458$3,944$3,482$3,068$2,700$1,837
13 years$4,073$3,564$3,111$2,709$2,354$1,542
14 years$3,743$3,239$2,795$2,405$2,064$1,300
15 years$3,457$2,959$2,523$2,145$1,817$1,100
16 years$3,208$2,715$2,288$1,920$1,606$933
17 years$2,988$2,500$2,082$1,725$1,424$794
18 years$2,792$2,311$1,900$1,555$1,266$677
19 years$2,618$2,141$1,740$1,405$1,128$578
20 years$2,461$1,990$1,597$1,272$1,008$494
21 years$2,319$1,853$1,469$1,155$902$423
22 years$2,190$1,730$1,354$1,050$809$363
23 years$2,073$1,618$1,250$956$726$311
24 years$1,965$1,516$1,156$872$652$267
25 years$1,867$1,423$1,071$796$587$230
26 years$1,776$1,337$993$728$529$197
27 years$1,692$1,258$922$667$477$170
28 years$1,614$1,186$857$611$430$146
29 years$1,541$1,119$798$560$388$126
30 years$1,474$1,057$743$514$351$108
31 years$1,411$999$693$472$317$93
32 years$1,352$945$646$434$287$80
33 years$1,297$895$603$399$260$69
34 years$1,245$848$564$367$235$60
35 years$1,196$805$527$338$213$51
36 years$1,150$764$493$311$193$44
37 years$1,106$725$462$287$175$38
38 years$1,065$689$432$264$159$33
39 years$1,027$655$405$244$144$28
40 years$990$624$380$225$130$25
41 years$955$594$356$207$118$21
42 years$922$565$334$191$107$18
43 years$890$539$313$177$97$16
44 years$860$513$294$163$88$14
45 years$832$490$276$151$80$12
46 years$804$467$259$139$73$10
47 years$778$446$244$129$66$9
48 years$753$425$229$119$60$8
49 years$730$406$215$110$55$6
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 $2,167 every year, while hoping to spend $32,580 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: 40/34/26 Blend
49$724,000$724,000$724,000$724,000
50$800,083$761,711$750,489$825,865
51$847,027$764,370$740,966$847,388
52$897,667$766,068$730,031$867,450
53$952,346$766,722$717,604$888,521
54$1,011,440$766,246$703,599$910,714
55$1,075,363$764,549$687,926$934,154
56$1,144,571$761,532$670,492$958,981
57$1,219,563$757,093$651,199$985,354
58$1,300,888$751,120$629,944$1,013,448
59$1,389,152$743,498$606,621$1,043,459
60$1,485,019$734,104$581,116$1,075,606
61$1,589,222$722,805$553,314$1,110,134
62$1,702,564$709,464$523,092$1,147,314
63$1,825,931$693,933$490,321$1,187,451
64$1,960,297$676,057$454,868$1,230,882
65$2,106,734$655,671$416,593$1,277,984
66$2,266,423$632,601$375,350$1,329,175
67$2,440,660$606,661$330,987$1,384,922
68$2,630,877$577,656$283,344$1,445,741
69$2,838,645$545,380$232,255$1,512,208
70$3,065,698$509,615$177,547$1,584,962
71$3,313,942$470,128$119,037$1,664,713
72$3,585,476$426,677$56,537$1,752,248
73$3,882,612$379,001$0$1,848,440
74$4,207,896$326,830$0$1,957,079
75$4,564,130$269,873$0$2,093,342
76$4,954,401$207,827$0$2,242,779
77$5,382,109$140,370$0$2,406,773
78$5,850,998$67,162$0$2,586,853
79$6,365,191$0$0$2,784,709
80$6,929,229$0$0$3,006,754
81$7,548,115$0$0$3,278,058
82$8,227,359$0$0$3,575,920
83$8,973,029$0$0$3,903,015
84$9,791,812$0$0$4,262,287
85$10,691,072$0$0$4,656,982
86$11,678,922$0$0$5,090,673
87$12,764,300$0$0$5,567,300
88$13,957,052$0$0$6,091,200
89$15,268,024$0$0$6,667,153
90$16,709,167$0$0$7,300,424
91$18,293,646$0$0$7,996,816
92$20,035,967$0$0$8,762,720
93$21,952,110$0$0$9,605,178
94$24,059,682$0$0$10,531,949
95$26,378,084$0$0$11,551,584
96$28,928,688$0$0$12,673,500
97$31,735,045$0$0$13,908,077
98$34,823,103$0$0$15,266,749
99$38,221,452$0$0$16,762,119
100$41,961,594$0$0$18,408,067