Can I retire at age 50 with 734,000?

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 $734,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$60,613$60,073$59,546$59,032$58,530$57,895
2 years$30,006$29,448$28,906$28,381$27,872$27,232
3 years$19,806$19,244$18,704$18,184$17,683$17,059
4 years$14,706$14,147$13,612$13,100$12,612$12,008
5 years$11,647$11,091$10,563$10,062$9,587$9,005
6 years$9,609$9,057$8,537$8,047$7,586$7,027
7 years$8,153$7,606$7,094$6,616$6,169$5,633
8 years$7,062$6,520$6,016$5,550$5,118$4,605
9 years$6,214$5,676$5,182$4,727$4,310$3,820
10 years$5,536$5,004$4,518$4,075$3,672$3,205
11 years$4,981$4,454$3,977$3,546$3,158$2,713
12 years$4,519$3,998$3,530$3,111$2,737$2,313
13 years$4,129$3,613$3,154$2,746$2,387$1,984
14 years$3,794$3,284$2,834$2,438$2,092$1,710
15 years$3,505$3,000$2,558$2,174$1,842$1,480
16 years$3,252$2,753$2,319$1,947$1,628$1,285
17 years$3,029$2,535$2,111$1,749$1,444$1,119
18 years$2,831$2,342$1,927$1,576$1,284$977
19 years$2,654$2,171$1,764$1,424$1,144$855
20 years$2,495$2,017$1,619$1,290$1,022$749
21 years$2,351$1,879$1,489$1,171$914$658
22 years$2,220$1,754$1,372$1,064$820$579
23 years$2,101$1,641$1,267$969$736$509
24 years$1,992$1,537$1,172$884$661$449
25 years$1,892$1,442$1,085$807$595$396
26 years$1,800$1,356$1,007$738$536$349
27 years$1,715$1,276$935$676$483$309
28 years$1,636$1,202$869$619$436$273
29 years$1,563$1,134$809$568$394$241
30 years$1,494$1,071$753$521$356$213
31 years$1,430$1,013$702$479$322$189
32 years$1,370$958$655$440$291$167
33 years$1,314$907$612$404$263$148
34 years$1,262$860$572$372$238$131
35 years$1,212$816$534$343$216$116
36 years$1,166$774$500$316$196$103
37 years$1,122$735$468$291$177$92
38 years$1,080$699$438$268$161$81
39 years$1,041$664$410$247$146$72
40 years$1,003$632$385$228$132$64
41 years$968$602$361$210$120$57
42 years$934$573$338$194$109$50
43 years$903$546$318$179$99$45
44 years$872$521$298$165$90$40
45 years$843$496$280$153$81$35
46 years$815$473$263$141$74$31
47 years$789$452$247$130$67$28
48 years$764$431$232$120$61$25
49 years$740$412$218$111$55$22
50 years$717$393$205$103$50$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $734,000, adding $3,705 every year, while hoping to spend $56,845 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: 35/42/23 Blend
49$734,000$734,000$734,000$734,000
50$812,690$773,788$762,411$835,354
51$835,101$751,221$727,469$829,864
52$857,894$725,643$689,451$818,471
53$881,046$696,846$648,195$805,033
54$904,533$664,611$603,529$789,402
55$928,324$628,706$555,276$771,423
56$952,385$588,885$503,250$750,930
57$976,675$544,887$447,256$727,747
58$1,001,148$496,439$387,091$701,686
59$1,025,751$443,250$322,544$672,549
60$1,050,421$385,013$253,393$640,125
61$1,075,089$321,403$179,406$604,188
62$1,099,675$252,079$100,343$564,501
63$1,124,088$176,678$15,952$520,808
64$1,148,228$94,818$0$472,841
65$1,171,979$6,095$0$438,498
66$1,195,212$0$0$404,647
67$1,217,780$0$0$408,671
68$1,239,521$0$0$415,134
69$1,260,252$0$0$421,147
70$1,279,767$0$0$426,629
71$1,297,839$0$0$431,490
72$1,314,211$0$0$435,628
73$1,328,600$0$0$438,933
74$1,340,686$0$0$441,279
75$1,350,117$0$0$442,528
76$1,356,500$0$0$442,527
77$1,359,397$0$0$441,103
78$1,358,322$0$0$438,067
79$1,352,736$0$0$433,208
80$1,342,040$0$0$426,294
81$1,325,570$0$0$417,064
82$1,302,588$0$0$405,233
83$1,272,280$0$0$390,482
84$1,233,741$0$0$372,460
85$1,185,968$0$0$350,777
86$1,127,854$0$0$325,003
87$1,058,171$0$0$294,661
88$975,562$0$0$259,224
89$878,525$0$0$218,110
90$765,398$0$0$170,673
91$634,347$0$0$116,204
92$483,341$0$0$53,914
93$310,137$0$0$0
94$112,258$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0