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%16.3%
1 years$61,191$60,646$60,114$59,595$59,088$57,567
2 years$30,293$29,728$29,182$28,652$28,137$26,614
3 years$19,994$19,428$18,882$18,357$17,851$16,375
4 years$14,846$14,282$13,742$13,225$12,732$11,313
5 years$11,758$11,197$10,664$10,158$9,679$8,321
6 years$9,700$9,143$8,618$8,124$7,658$6,364
7 years$8,231$7,678$7,162$6,679$6,228$4,997
8 years$7,129$6,582$6,074$5,603$5,167$3,998
9 years$6,273$5,731$5,231$4,772$4,351$3,244
10 years$5,588$5,051$4,561$4,114$3,708$2,661
11 years$5,029$4,497$4,015$3,580$3,189$2,200
12 years$4,562$4,036$3,563$3,140$2,763$1,832
13 years$4,168$3,647$3,184$2,772$2,410$1,533
14 years$3,831$3,315$2,861$2,461$2,112$1,289
15 years$3,538$3,029$2,583$2,195$1,860$1,087
16 years$3,283$2,779$2,342$1,965$1,644$920
17 years$3,058$2,559$2,131$1,766$1,457$780
18 years$2,858$2,365$1,945$1,591$1,296$663
19 years$2,679$2,192$1,781$1,438$1,155$565
20 years$2,518$2,037$1,634$1,302$1,032$481
21 years$2,373$1,897$1,503$1,182$923$411
22 years$2,242$1,771$1,385$1,075$828$351
23 years$2,121$1,656$1,279$979$743$300
24 years$2,011$1,552$1,183$893$668$257
25 years$1,910$1,456$1,096$815$601$220
26 years$1,817$1,369$1,016$745$541$189
27 years$1,731$1,288$944$682$488$162
28 years$1,652$1,214$877$625$440$139
29 years$1,577$1,145$816$573$398$119
30 years$1,508$1,081$760$526$359$102
31 years$1,444$1,022$709$483$325$88
32 years$1,384$967$661$444$294$75
33 years$1,327$916$618$408$266$65
34 years$1,274$868$577$376$241$56
35 years$1,224$823$539$346$218$48
36 years$1,177$782$505$319$198$41
37 years$1,132$742$472$293$179$35
38 years$1,090$705$442$270$162$30
39 years$1,051$671$414$249$147$26
40 years$1,013$638$388$230$134$22
41 years$977$608$364$212$121$19
42 years$943$579$342$196$110$17
43 years$911$551$321$181$100$14
44 years$880$525$301$167$91$12
45 years$851$501$283$154$82$11
46 years$823$478$265$142$75$9
47 years$797$456$249$132$68$8
48 years$771$435$234$122$62$7
49 years$747$416$220$112$56$6
50 years$723$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 $741,000, adding $3,909 every year, while hoping to spend $43,159 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: 58/27/15 Blend
49$741,000$741,000$741,000$741,000
50$820,614$781,341$769,856$864,838
51$858,396$773,706$749,725$887,570
52$898,585$764,250$727,473$907,242
53$941,381$752,839$702,984$927,682
54$987,004$739,330$676,136$948,973
55$1,035,692$723,571$646,800$971,205
56$1,087,709$705,402$614,845$994,479
57$1,143,342$684,654$580,129$1,018,910
58$1,202,908$661,147$542,508$1,044,627
59$1,266,753$634,691$501,830$1,071,773
60$1,335,255$605,085$457,935$1,100,511
61$1,408,833$572,115$410,658$1,131,020
62$1,487,943$535,558$359,824$1,163,502
63$1,573,087$495,175$305,252$1,198,183
64$1,664,818$450,714$246,754$1,235,314
65$1,763,741$401,910$184,131$1,275,178
66$1,870,520$348,482$117,177$1,318,088
67$1,985,888$290,132$45,678$1,364,394
68$2,110,647$226,547$0$1,414,486
69$2,245,681$157,396$0$1,473,700
70$2,391,960$82,328$0$1,545,739
71$2,550,553$975$0$1,623,861
72$2,722,632$0$0$1,708,705
73$2,909,489$0$0$1,826,846
74$3,112,543$0$0$1,955,598
75$3,333,357$0$0$2,095,668
76$3,573,649$0$0$2,248,154
77$3,835,310$0$0$2,414,264
78$4,120,421$0$0$2,595,326
79$4,431,270$0$0$2,792,803
80$4,770,380$0$0$3,008,304
81$5,140,523$0$0$3,243,602
82$5,544,752$0$0$3,500,646
83$5,986,430$0$0$3,781,583
84$6,469,257$0$0$4,088,779
85$6,997,306$0$0$4,424,834
86$7,575,065$0$0$4,792,616
87$8,207,472$0$0$5,195,280
88$8,899,966$0$0$5,636,300
89$9,658,538$0$0$6,119,505
90$10,489,784$0$0$6,649,108
91$11,400,968$0$0$7,229,750
92$12,400,091$0$0$7,866,545
93$13,495,966$0$0$8,565,123
94$14,698,299$0$0$9,331,686
95$16,017,781$0$0$10,173,066
96$17,466,188$0$0$11,096,786
97$19,056,492$0$0$12,111,138
98$20,802,983$0$0$13,225,251
99$22,721,402$0$0$14,449,186
100$24,829,090$0$0$15,794,023