Can I retire at age 50 with 738,000?

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 $738,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$60,943$60,400$59,871$59,354$58,849$57,850
2 years$30,170$29,608$29,064$28,536$28,023$27,020
3 years$19,914$19,349$18,806$18,283$17,779$16,803
4 years$14,786$14,224$13,686$13,172$12,680$11,738
5 years$11,711$11,152$10,621$10,117$9,639$8,734
6 years$9,661$9,106$8,583$8,091$7,627$6,761
7 years$8,198$7,647$7,133$6,652$6,203$5,375
8 years$7,100$6,555$6,049$5,580$5,146$4,356
9 years$6,248$5,707$5,210$4,753$4,334$3,581
10 years$5,566$5,031$4,542$4,097$3,693$2,977
11 years$5,008$4,479$3,999$3,566$3,176$2,497
12 years$4,544$4,020$3,549$3,128$2,752$2,108
13 years$4,151$3,633$3,171$2,761$2,400$1,791
14 years$3,815$3,302$2,849$2,451$2,104$1,528
15 years$3,524$3,016$2,572$2,186$1,852$1,309
16 years$3,270$2,768$2,332$1,957$1,637$1,125
17 years$3,045$2,549$2,122$1,759$1,451$969
18 years$2,846$2,355$1,937$1,585$1,291$837
19 years$2,668$2,183$1,773$1,432$1,150$725
20 years$2,508$2,028$1,628$1,297$1,027$628
21 years$2,364$1,889$1,497$1,177$919$545
22 years$2,232$1,764$1,380$1,070$824$474
23 years$2,113$1,649$1,274$975$740$412
24 years$2,003$1,545$1,178$889$665$359
25 years$1,903$1,450$1,091$812$598$313
26 years$1,810$1,363$1,012$742$539$273
27 years$1,724$1,283$940$679$486$238
28 years$1,645$1,209$874$623$438$208
29 years$1,571$1,140$813$571$396$182
30 years$1,502$1,077$757$524$358$159
31 years$1,438$1,018$706$481$323$139
32 years$1,378$963$659$442$293$122
33 years$1,322$912$615$407$265$106
34 years$1,269$865$575$374$240$93
35 years$1,219$820$537$344$217$81
36 years$1,172$778$503$317$197$71
37 years$1,128$739$470$292$178$62
38 years$1,086$703$441$269$162$55
39 years$1,046$668$413$248$147$48
40 years$1,009$636$387$229$133$42
41 years$973$605$363$211$121$37
42 years$940$576$340$195$109$32
43 years$907$549$319$180$99$28
44 years$877$523$300$166$90$25
45 years$848$499$281$154$82$22
46 years$820$476$264$142$74$19
47 years$793$454$248$131$67$17
48 years$768$434$233$121$61$15
49 years$744$414$219$112$56$13
50 years$721$396$206$103$51$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $738,000, adding $5,547 every year, while hoping to spend $27,993 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: 50/33/17 Blend
49$738,000$738,000$738,000$738,000
50$818,998$779,884$768,445$855,835
51$872,751$788,314$764,403$890,249
52$931,049$796,219$759,288$924,277
53$994,326$803,543$753,034$960,650
54$1,063,059$810,228$745,572$999,597
55$1,137,772$816,211$736,831$1,041,375
56$1,219,045$821,425$726,734$1,086,264
57$1,307,511$825,799$715,204$1,134,577
58$1,403,872$829,257$702,157$1,186,659
59$1,508,895$831,719$687,508$1,242,890
60$1,623,428$833,099$671,165$1,303,692
61$1,748,403$833,306$653,035$1,369,530
62$1,884,847$832,245$633,017$1,440,919
63$2,033,887$829,811$611,010$1,518,428
64$2,196,769$825,897$586,904$1,602,685
65$2,374,861$820,387$560,587$1,694,384
66$2,569,670$813,159$531,939$1,794,294
67$2,782,855$804,083$500,838$1,903,262
68$3,016,244$793,021$467,154$2,022,224
69$3,271,850$779,827$430,752$2,152,216
70$3,551,887$764,348$391,491$2,294,379
71$3,858,797$746,418$349,224$2,449,977
72$4,195,267$725,866$303,796$2,620,403
73$4,564,258$702,507$255,046$2,807,197
74$4,969,029$676,147$202,808$3,012,058
75$5,413,173$646,581$146,904$3,236,864
76$5,900,644$613,591$87,153$3,483,686
77$6,435,800$576,947$23,364$3,754,813
78$7,023,441$536,407$0$4,052,771
79$7,668,854$491,712$0$4,388,456
80$8,377,863$442,592$0$4,761,886
81$9,156,884$388,758$0$5,172,254
82$10,012,987$329,908$0$5,623,350
83$10,953,958$265,720$0$6,119,353
84$11,988,378$195,856$0$6,664,873
85$13,125,697$119,958$0$7,264,993
86$14,376,330$37,647$0$7,925,322
87$15,751,749$0$0$8,652,041
88$17,264,596$0$0$9,470,662
89$18,928,797$0$0$10,386,310
90$20,759,698$0$0$11,393,767
91$22,774,207$0$0$12,502,349
92$24,990,951$0$0$13,722,319
93$27,430,457$0$0$15,064,984
94$30,115,341$0$0$16,542,806
95$33,070,523$0$0$18,169,513
96$36,323,461$0$0$19,960,233
97$39,904,411$0$0$21,931,635
98$43,846,711$0$0$24,102,088
99$48,187,094$0$0$26,491,830
100$52,966,040$0$0$29,123,162