Can I retire at age 50 with 734,000?

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 $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%18.8%
1 years$60,613$60,073$59,546$59,032$58,530$56,453
2 years$30,006$29,448$28,906$28,381$27,872$25,801
3 years$19,806$19,244$18,704$18,184$17,683$15,684
4 years$14,706$14,147$13,612$13,100$12,612$10,700
5 years$11,647$11,091$10,563$10,062$9,587$7,767
6 years$9,609$9,057$8,537$8,047$7,586$5,860
7 years$8,153$7,606$7,094$6,616$6,169$4,536
8 years$7,062$6,520$6,016$5,550$5,118$3,576
9 years$6,214$5,676$5,182$4,727$4,310$2,858
10 years$5,536$5,004$4,518$4,075$3,672$2,307
11 years$4,981$4,454$3,977$3,546$3,158$1,878
12 years$4,519$3,998$3,530$3,111$2,737$1,537
13 years$4,129$3,613$3,154$2,746$2,387$1,265
14 years$3,794$3,284$2,834$2,438$2,092$1,045
15 years$3,505$3,000$2,558$2,174$1,842$866
16 years$3,252$2,753$2,319$1,947$1,628$720
17 years$3,029$2,535$2,111$1,749$1,444$600
18 years$2,831$2,342$1,927$1,576$1,284$500
19 years$2,654$2,171$1,764$1,424$1,144$418
20 years$2,495$2,017$1,619$1,290$1,022$350
21 years$2,351$1,879$1,489$1,171$914$293
22 years$2,220$1,754$1,372$1,064$820$245
23 years$2,101$1,641$1,267$969$736$206
24 years$1,992$1,537$1,172$884$661$173
25 years$1,892$1,442$1,085$807$595$145
26 years$1,800$1,356$1,007$738$536$122
27 years$1,715$1,276$935$676$483$102
28 years$1,636$1,202$869$619$436$86
29 years$1,563$1,134$809$568$394$72
30 years$1,494$1,071$753$521$356$61
31 years$1,430$1,013$702$479$322$51
32 years$1,370$958$655$440$291$43
33 years$1,314$907$612$404$263$36
34 years$1,262$860$572$372$238$30
35 years$1,212$816$534$343$216$26
36 years$1,166$774$500$316$196$22
37 years$1,122$735$468$291$177$18
38 years$1,080$699$438$268$161$15
39 years$1,041$664$410$247$146$13
40 years$1,003$632$385$228$132$11
41 years$968$602$361$210$120$9
42 years$934$573$338$194$109$8
43 years$903$546$318$179$99$6
44 years$872$521$298$165$90$5
45 years$843$496$280$153$81$5
46 years$815$473$263$141$74$4
47 years$789$452$247$130$67$3
48 years$764$431$232$120$61$3
49 years$740$412$218$111$55$2
50 years$717$393$205$103$50$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $734,000, adding $4,643 every year, while hoping to spend $41,418 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: 76/9/15 Blend
49$734,000$734,000$734,000$734,000
50$813,657$774,755$763,378$872,525
51$852,582$768,650$744,883$905,930
52$894,089$760,857$724,380$936,899
53$938,397$751,251$701,758$969,719
54$985,748$739,696$676,902$1,004,561
55$1,036,406$726,053$649,689$1,041,613
56$1,090,659$710,169$619,993$1,081,085
57$1,148,824$691,885$587,681$1,123,205
58$1,211,251$671,034$552,615$1,168,229
59$1,278,320$647,437$514,649$1,216,438
60$1,350,451$620,904$473,633$1,268,140
61$1,428,105$591,236$429,407$1,323,679
62$1,511,786$558,221$381,807$1,383,432
63$1,602,051$521,636$330,660$1,447,817
64$1,699,508$481,244$275,785$1,517,294
65$1,804,828$436,795$216,994$1,592,373
66$1,918,748$388,026$154,091$1,673,613
67$2,042,078$334,657$86,870$1,761,637
68$2,175,707$276,392$15,118$1,857,128
69$2,320,614$212,920$0$1,960,842
70$2,477,876$143,913$0$2,083,450
71$2,648,676$69,021$0$2,219,258
72$2,834,317$0$0$2,366,899
73$3,036,231$0$0$2,528,738
74$3,255,993$0$0$2,712,347
75$3,495,338$0$0$2,912,343
76$3,756,175$0$0$3,130,324
77$4,040,602$0$0$3,368,048
78$4,350,932$0$0$3,627,450
79$4,689,709$0$0$3,910,661
80$5,059,732$0$0$4,220,026
81$5,464,086$0$0$4,558,126
82$5,906,164$0$0$4,927,803
83$6,389,703$0$0$5,332,187
84$6,918,819$0$0$5,774,723
85$7,498,041$0$0$6,259,206
86$8,132,359$0$0$6,789,812
87$8,827,267$0$0$7,371,144
88$9,588,817$0$0$8,008,268
89$10,423,671$0$0$8,706,765
90$11,339,169$0$0$9,472,780
91$12,343,395$0$0$10,313,084
92$13,445,253$0$0$11,235,132
93$14,654,549$0$0$12,247,137
94$15,982,087$0$0$13,358,147
95$17,439,766$0$0$14,578,126
96$19,040,695$0$0$15,918,053
97$20,799,313$0$0$17,390,021
98$22,731,530$0$0$19,007,351
99$24,854,869$0$0$20,784,721
100$27,188,638$0$0$22,738,300