Can I retire at age 50 with 741,000?

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 $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%13.3%
1 years$61,191$60,646$60,114$59,595$59,088$58,278
2 years$30,293$29,728$29,182$28,652$28,137$27,322
3 years$19,994$19,428$18,882$18,357$17,851$17,057
4 years$14,846$14,282$13,742$13,225$12,732$11,964
5 years$11,758$11,197$10,664$10,158$9,679$8,940
6 years$9,700$9,143$8,618$8,124$7,658$6,949
7 years$8,231$7,678$7,162$6,679$6,228$5,550
8 years$7,129$6,582$6,074$5,603$5,167$4,518
9 years$6,273$5,731$5,231$4,772$4,351$3,733
10 years$5,588$5,051$4,561$4,114$3,708$3,118
11 years$5,029$4,497$4,015$3,580$3,189$2,628
12 years$4,562$4,036$3,563$3,140$2,763$2,231
13 years$4,168$3,647$3,184$2,772$2,410$1,905
14 years$3,831$3,315$2,861$2,461$2,112$1,634
15 years$3,538$3,029$2,583$2,195$1,860$1,407
16 years$3,283$2,779$2,342$1,965$1,644$1,216
17 years$3,058$2,559$2,131$1,766$1,457$1,054
18 years$2,858$2,365$1,945$1,591$1,296$916
19 years$2,679$2,192$1,781$1,438$1,155$797
20 years$2,518$2,037$1,634$1,302$1,032$695
21 years$2,373$1,897$1,503$1,182$923$607
22 years$2,242$1,771$1,385$1,075$828$531
23 years$2,121$1,656$1,279$979$743$465
24 years$2,011$1,552$1,183$893$668$407
25 years$1,910$1,456$1,096$815$601$357
26 years$1,817$1,369$1,016$745$541$314
27 years$1,731$1,288$944$682$488$276
28 years$1,652$1,214$877$625$440$242
29 years$1,577$1,145$816$573$398$213
30 years$1,508$1,081$760$526$359$187
31 years$1,444$1,022$709$483$325$165
32 years$1,384$967$661$444$294$145
33 years$1,327$916$618$408$266$128
34 years$1,274$868$577$376$241$113
35 years$1,224$823$539$346$218$99
36 years$1,177$782$505$319$198$87
37 years$1,132$742$472$293$179$77
38 years$1,090$705$442$270$162$68
39 years$1,051$671$414$249$147$60
40 years$1,013$638$388$230$134$53
41 years$977$608$364$212$121$47
42 years$943$579$342$196$110$41
43 years$911$551$321$181$100$36
44 years$880$525$301$167$91$32
45 years$851$501$283$154$82$28
46 years$823$478$265$142$75$25
47 years$797$456$249$132$68$22
48 years$771$435$234$122$62$19
49 years$747$416$220$112$56$17
50 years$723$397$207$104$51$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $741,000, adding $5,943 every year, while hoping to spend $31,143 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: 38/44/18 Blend
49$741,000$741,000$741,000$741,000
50$822,712$783,439$771,954$849,323
51$873,493$788,692$764,678$874,264
52$928,410$793,158$756,115$897,799
53$987,851$796,766$746,189$922,581
54$1,052,245$799,441$734,819$948,739
55$1,122,061$801,101$721,923$976,419
56$1,197,817$801,661$707,413$1,005,780
57$1,280,082$801,029$691,199$1,037,002
58$1,369,480$799,110$673,184$1,070,284
59$1,466,700$795,799$653,268$1,105,849
60$1,572,498$790,988$631,348$1,143,944
61$1,687,708$784,562$607,313$1,184,844
62$1,813,247$776,397$581,050$1,228,854
63$1,950,122$766,365$552,439$1,276,316
64$2,099,444$754,326$521,356$1,327,608
65$2,262,434$740,135$487,668$1,383,149
66$2,440,438$723,638$451,241$1,443,406
67$2,634,937$704,670$411,932$1,508,897
68$2,847,560$683,059$369,591$1,580,197
69$3,080,103$658,620$324,064$1,657,944
70$3,334,540$631,159$275,187$1,742,846
71$3,613,049$600,471$222,791$1,835,688
72$3,918,024$566,339$166,699$1,937,339
73$4,252,105$528,532$106,726$2,048,765
74$4,618,197$486,808$42,679$2,171,033
75$5,019,501$440,909$0$2,305,329
76$5,459,540$390,563$0$2,457,894
77$5,942,197$335,485$0$2,634,318
78$6,471,747$275,369$0$2,828,046
79$7,052,900$209,897$0$3,040,902
80$7,690,842$138,729$0$3,274,901
81$8,391,290$61,508$0$3,532,271
82$9,160,536$0$0$3,815,473
83$10,005,515$0$0$4,137,950
84$10,933,867$0$0$4,525,069
85$11,954,005$0$0$4,950,574
86$13,075,202$0$0$5,418,345
87$14,307,670$0$0$5,932,657
88$15,662,662$0$0$6,498,220
89$17,152,575$0$0$7,120,225
90$18,791,067$0$0$7,804,388
91$20,593,186$0$0$8,557,010
92$22,575,513$0$0$9,385,032
93$24,756,315$0$0$10,296,101
94$27,155,718$0$0$11,298,643
95$29,795,900$0$0$12,401,943
96$32,701,294$0$0$13,616,232
97$35,898,825$0$0$14,952,780
98$39,418,157$0$0$16,424,009
99$43,291,976$0$0$18,043,603
100$47,556,300$0$0$19,826,643