Can I retire at age 50 with 740,000?

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 $740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$61,109$60,564$60,033$59,515$59,009$57,442
2 years$30,252$29,688$29,142$28,613$28,099$26,532
3 years$19,967$19,402$18,857$18,333$17,827$16,309
4 years$14,826$14,262$13,723$13,208$12,715$11,256
5 years$11,743$11,182$10,650$10,145$9,665$8,270
6 years$9,687$9,131$8,607$8,113$7,648$6,318
7 years$8,220$7,668$7,152$6,670$6,220$4,956
8 years$7,120$6,573$6,066$5,595$5,160$3,960
9 years$6,265$5,723$5,224$4,766$4,345$3,210
10 years$5,581$5,044$4,555$4,108$3,703$2,629
11 years$5,022$4,491$4,010$3,575$3,184$2,171
12 years$4,556$4,031$3,559$3,136$2,759$1,805
13 years$4,163$3,643$3,179$2,769$2,406$1,509
14 years$3,826$3,311$2,857$2,458$2,109$1,267
15 years$3,534$3,025$2,579$2,192$1,857$1,067
16 years$3,278$2,775$2,338$1,963$1,641$901
17 years$3,054$2,556$2,128$1,763$1,455$764
18 years$2,854$2,362$1,942$1,589$1,294$648
19 years$2,675$2,189$1,778$1,436$1,153$551
20 years$2,515$2,034$1,632$1,301$1,030$469
21 years$2,370$1,894$1,501$1,180$922$400
22 years$2,238$1,768$1,383$1,073$826$341
23 years$2,119$1,654$1,277$977$742$291
24 years$2,009$1,550$1,181$891$667$249
25 years$1,908$1,454$1,094$814$600$213
26 years$1,815$1,367$1,015$744$540$182
27 years$1,729$1,286$942$681$487$156
28 years$1,649$1,212$876$624$440$134
29 years$1,575$1,143$815$572$397$114
30 years$1,506$1,080$759$525$359$98
31 years$1,442$1,021$708$483$324$84
32 years$1,382$966$661$443$293$72
33 years$1,325$915$617$408$266$62
34 years$1,272$867$576$375$240$53
35 years$1,222$822$539$345$218$45
36 years$1,175$780$504$318$197$39
37 years$1,131$741$472$293$179$33
38 years$1,089$704$442$270$162$29
39 years$1,049$670$414$249$147$25
40 years$1,012$637$388$230$133$21
41 years$976$607$364$212$121$18
42 years$942$578$341$196$110$16
43 years$910$551$320$181$100$13
44 years$879$525$301$167$90$11
45 years$850$500$282$154$82$10
46 years$822$477$265$142$75$8
47 years$796$456$249$131$68$7
48 years$770$435$234$121$61$6
49 years$746$415$220$112$56$5
50 years$722$397$207$104$51$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $740,000, adding $2,031 every year, while hoping to spend $46,075 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: 61/12/27 Blend
49$740,000$740,000$740,000$740,000
50$817,575$778,355$766,885$861,403
51$851,944$767,471$743,552$880,570
52$888,275$754,509$717,893$896,319
53$926,718$739,320$689,782$912,528
54$967,440$721,743$659,086$929,251
55$1,010,620$701,610$625,667$946,549
56$1,056,457$678,742$589,381$964,492
57$1,105,166$652,950$550,075$983,159
58$1,156,983$624,035$507,593$1,002,640
59$1,212,166$591,784$461,768$1,023,037
60$1,270,999$555,974$412,430$1,044,463
61$1,333,792$516,367$359,397$1,067,047
62$1,400,884$472,714$302,482$1,090,933
63$1,472,647$424,750$241,488$1,116,284
64$1,549,490$372,196$176,210$1,143,280
65$1,631,859$314,755$106,435$1,172,128
66$1,720,246$252,115$31,938$1,203,054
67$1,815,190$183,947$0$1,236,316
68$1,917,281$109,903$0$1,285,900
69$2,027,170$29,614$0$1,349,134
70$2,145,568$0$0$1,417,237
71$2,273,260$0$0$1,498,251
72$2,411,104$0$0$1,589,972
73$2,560,047$0$0$1,689,123
74$2,721,126$0$0$1,796,403
75$2,895,484$0$0$1,912,577
76$3,084,377$0$0$2,038,488
77$3,289,183$0$0$2,175,064
78$3,511,420$0$0$2,323,323
79$3,752,758$0$0$2,484,386
80$4,015,033$0$0$2,659,486
81$4,300,263$0$0$2,849,979
82$4,610,672$0$0$3,057,358
83$4,948,703$0$0$3,283,266
84$5,317,048$0$0$3,529,509
85$5,718,666$0$0$3,798,076
86$6,156,817$0$0$4,091,157
87$6,635,086$0$0$4,411,161
88$7,157,423$0$0$4,760,740
89$7,728,173$0$0$5,142,815
90$8,352,122$0$0$5,560,601
91$9,034,537$0$0$6,017,637
92$9,781,219$0$0$6,517,822
93$10,598,555$0$0$7,065,446
94$11,493,579$0$0$7,665,237
95$12,474,035$0$0$8,322,398
96$13,548,453$0$0$9,042,662
97$14,726,227$0$0$9,832,342
98$16,017,702$0$0$10,698,389
99$17,434,274$0$0$11,648,463
100$18,988,494$0$0$12,690,998