Can I retire at age 50 with 741,000?

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 $741,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$61,191$60,646$60,114$59,595$59,088$57,683
2 years$30,293$29,728$29,182$28,652$28,137$26,730
3 years$19,994$19,428$18,882$18,357$17,851$16,486
4 years$14,846$14,282$13,742$13,225$12,732$11,418
5 years$11,758$11,197$10,664$10,158$9,679$8,421
6 years$9,700$9,143$8,618$8,124$7,658$6,458
7 years$8,231$7,678$7,162$6,679$6,228$5,085
8 years$7,129$6,582$6,074$5,603$5,167$4,081
9 years$6,273$5,731$5,231$4,772$4,351$3,321
10 years$5,588$5,051$4,561$4,114$3,708$2,732
11 years$5,029$4,497$4,015$3,580$3,189$2,267
12 years$4,562$4,036$3,563$3,140$2,763$1,893
13 years$4,168$3,647$3,184$2,772$2,410$1,590
14 years$3,831$3,315$2,861$2,461$2,112$1,341
15 years$3,538$3,029$2,583$2,195$1,860$1,135
16 years$3,283$2,779$2,342$1,965$1,644$964
17 years$3,058$2,559$2,131$1,766$1,457$821
18 years$2,858$2,365$1,945$1,591$1,296$700
19 years$2,679$2,192$1,781$1,438$1,155$598
20 years$2,518$2,037$1,634$1,302$1,032$512
21 years$2,373$1,897$1,503$1,182$923$439
22 years$2,242$1,771$1,385$1,075$828$376
23 years$2,121$1,656$1,279$979$743$323
24 years$2,011$1,552$1,183$893$668$278
25 years$1,910$1,456$1,096$815$601$239
26 years$1,817$1,369$1,016$745$541$206
27 years$1,731$1,288$944$682$488$177
28 years$1,652$1,214$877$625$440$152
29 years$1,577$1,145$816$573$398$131
30 years$1,508$1,081$760$526$359$113
31 years$1,444$1,022$709$483$325$98
32 years$1,384$967$661$444$294$84
33 years$1,327$916$618$408$266$73
34 years$1,274$868$577$376$241$63
35 years$1,224$823$539$346$218$54
36 years$1,177$782$505$319$198$47
37 years$1,132$742$472$293$179$40
38 years$1,090$705$442$270$162$35
39 years$1,051$671$414$249$147$30
40 years$1,013$638$388$230$134$26
41 years$977$608$364$212$121$22
42 years$943$579$342$196$110$19
43 years$911$551$321$181$100$17
44 years$880$525$301$167$91$14
45 years$851$501$283$154$82$12
46 years$823$478$265$142$75$11
47 years$797$456$249$132$68$9
48 years$771$435$234$122$62$8
49 years$747$416$220$112$56$7
50 years$723$397$207$104$51$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $741,000, adding $6,664 every year, while hoping to spend $23,931 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: 65/27/8 Blend
49$741,000$741,000$741,000$741,000
50$823,456$784,183$772,697$875,267
51$881,986$797,145$773,120$923,557
52$945,684$809,941$772,755$972,844
53$1,015,052$822,536$771,551$1,026,068
54$1,090,642$834,896$769,453$1,083,610
55$1,173,062$846,980$766,404$1,145,891
56$1,262,981$858,749$762,345$1,213,372
57$1,361,135$870,157$757,214$1,286,564
58$1,468,335$881,159$750,944$1,366,028
59$1,585,472$891,703$743,468$1,452,383
60$1,713,530$901,736$734,713$1,546,313
61$1,853,589$911,200$724,605$1,648,570
62$2,006,840$920,034$713,065$1,759,981
63$2,174,595$928,173$700,010$1,881,463
64$2,358,297$935,547$685,354$2,014,021
65$2,559,537$942,081$669,006$2,158,767
66$2,780,065$947,698$650,873$2,316,924
67$3,021,809$952,313$630,855$2,489,843
68$3,286,894$955,837$608,849$2,679,010
69$3,577,658$958,175$584,747$2,886,066
70$3,896,679$959,225$558,436$3,112,818
71$4,246,795$958,881$529,797$3,361,259
72$4,631,130$957,029$498,708$3,633,586
73$5,053,130$953,547$465,039$3,932,221
74$5,516,586$948,308$428,655$4,259,833
75$6,025,678$941,176$389,415$4,619,366
76$6,585,010$932,006$347,173$5,014,064
77$7,199,651$920,644$301,773$5,447,503
78$7,875,190$906,930$253,057$5,923,627
79$8,617,780$890,691$200,855$6,446,781
80$9,434,203$871,744$144,994$7,021,758
81$10,331,930$849,898$85,289$7,653,838
82$11,319,192$824,947$21,551$8,348,843
83$12,405,056$796,676$0$9,113,193
84$13,599,514$764,856$0$9,957,929
85$14,913,575$729,245$0$10,889,104
86$16,359,369$689,586$0$11,913,492
87$17,950,258$645,610$0$13,040,589
88$19,700,968$597,029$0$14,280,862
89$21,627,724$543,540$0$15,645,847
90$23,748,403$484,825$0$17,148,258
91$26,082,702$420,543$0$18,802,109
92$28,652,327$350,339$0$20,622,846
93$31,481,193$273,834$0$22,627,493
94$34,595,653$190,630$0$24,834,813
95$38,024,743$100,305$0$27,265,486
96$41,800,462$2,415$0$29,942,307
97$45,958,066$0$0$32,890,396
98$50,536,405$0$0$36,168,194
99$55,578,288$0$0$39,778,718
100$61,130,890$0$0$43,755,039