Can I retire at age 50 with 732,000?

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 $732,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$60,448$59,909$59,384$58,871$58,371$57,099
2 years$29,925$29,367$28,827$28,304$27,796$26,521
3 years$19,752$19,192$18,653$18,134$17,635$16,396
4 years$14,666$14,108$13,575$13,065$12,577$11,385
5 years$11,616$11,061$10,535$10,035$9,561$8,418
6 years$9,583$9,032$8,513$8,025$7,565$6,474
7 years$8,131$7,585$7,075$6,598$6,153$5,112
8 years$7,043$6,502$6,000$5,535$5,104$4,114
9 years$6,197$5,661$5,168$4,714$4,298$3,358
10 years$5,520$4,990$4,505$4,064$3,662$2,771
11 years$4,967$4,442$3,966$3,537$3,150$2,306
12 years$4,507$3,987$3,520$3,102$2,730$1,933
13 years$4,118$3,603$3,145$2,739$2,380$1,628
14 years$3,784$3,275$2,826$2,431$2,087$1,378
15 years$3,495$2,992$2,551$2,168$1,837$1,171
16 years$3,243$2,745$2,313$1,941$1,624$998
17 years$3,021$2,528$2,105$1,744$1,440$852
18 years$2,823$2,336$1,921$1,572$1,280$730
19 years$2,647$2,165$1,759$1,420$1,141$626
20 years$2,488$2,012$1,614$1,286$1,019$538
21 years$2,344$1,874$1,485$1,168$912$463
22 years$2,214$1,749$1,369$1,062$817$399
23 years$2,096$1,636$1,264$967$734$344
24 years$1,987$1,533$1,169$882$660$296
25 years$1,887$1,439$1,082$805$594$256
26 years$1,795$1,352$1,004$736$535$221
27 years$1,710$1,272$932$674$482$191
28 years$1,631$1,199$867$617$435$165
29 years$1,558$1,131$806$566$393$143
30 years$1,490$1,068$751$520$355$124
31 years$1,426$1,010$700$477$321$107
32 years$1,367$955$653$439$290$93
33 years$1,311$905$610$403$263$80
34 years$1,258$858$570$371$238$70
35 years$1,209$813$533$342$215$60
36 years$1,163$772$499$315$195$52
37 years$1,119$733$467$290$177$45
38 years$1,077$697$437$267$160$39
39 years$1,038$663$409$246$145$34
40 years$1,001$630$384$227$132$29
41 years$965$600$360$210$120$26
42 years$932$572$338$194$109$22
43 years$900$545$317$179$99$19
44 years$870$519$297$165$89$17
45 years$841$495$279$152$81$14
46 years$813$472$262$141$74$13
47 years$787$451$246$130$67$11
48 years$762$430$231$120$61$9
49 years$738$411$218$111$55$8
50 years$715$392$205$103$50$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $732,000, adding $6,241 every year, while hoping to spend $50,074 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: 57/26/17 Blend
49$732,000$732,000$732,000$732,000
50$813,102$774,306$762,960$855,481
51$842,760$758,968$735,240$869,630
52$873,764$741,201$704,914$879,060
53$906,201$720,832$671,841$888,201
54$940,160$697,680$635,874$897,035
55$975,741$671,550$596,861$905,545
56$1,013,051$642,241$554,641$913,714
57$1,052,207$609,536$509,046$921,529
58$1,093,336$573,207$459,902$928,976
59$1,136,574$533,012$407,027$936,043
60$1,182,072$488,697$350,230$942,721
61$1,229,992$439,992$289,312$949,005
62$1,280,512$386,612$224,064$954,891
63$1,333,824$328,255$154,270$960,380
64$1,390,138$264,605$79,702$965,479
65$1,449,685$195,323$125$970,198
66$1,512,716$120,056$0$974,555
67$1,579,502$38,429$0$993,956
68$1,650,345$0$0$1,014,076
69$1,725,570$0$0$1,049,276
70$1,805,535$0$0$1,098,414
71$1,890,631$0$0$1,150,741
72$1,981,286$0$0$1,206,525
73$2,077,970$0$0$1,266,059
74$2,181,194$0$0$1,329,663
75$2,291,522$0$0$1,397,692
76$2,409,572$0$0$1,470,529
77$2,536,018$0$0$1,548,600
78$2,671,602$0$0$1,632,368
79$2,817,139$0$0$1,722,344
80$2,973,521$0$0$1,819,087
81$3,141,729$0$0$1,923,211
82$3,322,839$0$0$2,035,390
83$3,518,032$0$0$2,156,367
84$3,728,607$0$0$2,286,954
85$3,955,991$0$0$2,428,046
86$4,201,750$0$0$2,580,626
87$4,467,608$0$0$2,745,774
88$4,755,458$0$0$2,924,678
89$5,067,381$0$0$3,118,643
90$5,405,666$0$0$3,329,106
91$5,772,831$0$0$3,557,645
92$6,171,644$0$0$3,805,997
93$6,605,151$0$0$4,076,074
94$7,076,701$0$0$4,369,978
95$7,589,981$0$0$4,690,022
96$8,149,046$0$0$5,038,750
97$8,758,360$0$0$5,418,965
98$9,422,834$0$0$5,833,748
99$10,147,875$0$0$6,286,495
100$10,939,434$0$0$6,780,939