Can I retire at age 50 with 742,000?

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 $742,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$61,274$60,728$60,195$59,676$59,168$58,526
2 years$30,333$29,769$29,221$28,690$28,175$27,529
3 years$20,021$19,454$18,908$18,382$17,876$17,245
4 years$14,866$14,301$13,760$13,243$12,749$12,139
5 years$11,774$11,212$10,678$10,172$9,692$9,103
6 years$9,713$9,155$8,630$8,135$7,669$7,103
7 years$8,242$7,689$7,171$6,688$6,237$5,695
8 years$7,139$6,591$6,082$5,610$5,174$4,655
9 years$6,281$5,738$5,238$4,779$4,357$3,862
10 years$5,596$5,058$4,567$4,119$3,713$3,240
11 years$5,035$4,503$4,021$3,585$3,193$2,742
12 years$4,569$4,042$3,568$3,145$2,767$2,338
13 years$4,174$3,652$3,188$2,776$2,413$2,005
14 years$3,836$3,320$2,864$2,464$2,115$1,728
15 years$3,543$3,033$2,586$2,198$1,862$1,496
16 years$3,287$2,783$2,345$1,968$1,646$1,299
17 years$3,062$2,563$2,134$1,768$1,459$1,131
18 years$2,862$2,368$1,948$1,593$1,298$988
19 years$2,683$2,195$1,783$1,440$1,157$864
20 years$2,522$2,039$1,636$1,304$1,033$758
21 years$2,376$1,900$1,505$1,184$924$665
22 years$2,245$1,773$1,387$1,076$829$585
23 years$2,124$1,658$1,281$980$744$515
24 years$2,014$1,554$1,185$894$669$454
25 years$1,913$1,458$1,097$816$602$400
26 years$1,820$1,370$1,018$746$542$353
27 years$1,734$1,290$945$683$489$312
28 years$1,654$1,215$878$626$441$276
29 years$1,580$1,147$817$574$398$244
30 years$1,510$1,083$761$527$360$216
31 years$1,446$1,024$710$484$325$191
32 years$1,385$969$662$445$294$169
33 years$1,329$917$618$409$266$150
34 years$1,276$869$578$376$241$133
35 years$1,226$825$540$346$218$118
36 years$1,178$783$505$319$198$104
37 years$1,134$743$473$294$179$93
38 years$1,092$706$443$271$163$82
39 years$1,052$672$415$250$147$73
40 years$1,014$639$389$230$134$65
41 years$979$608$365$213$121$57
42 years$945$579$342$196$110$51
43 years$912$552$321$181$100$45
44 years$882$526$301$167$91$40
45 years$852$502$283$154$82$36
46 years$824$479$266$143$75$32
47 years$798$457$250$132$68$28
48 years$772$436$235$122$62$25
49 years$748$416$221$113$56$22
50 years$724$398$207$104$51$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $742,000, adding $3,812 every year, while hoping to spend $31,416 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: 39/31/30 Blend
49$742,000$742,000$742,000$742,000
50$821,616$782,290$770,789$846,235
51$871,995$787,196$763,184$869,553
52$926,459$791,289$754,271$891,596
53$985,392$794,497$743,974$914,846
54$1,049,216$796,742$732,212$939,432
55$1,118,395$797,941$718,899$965,501
56$1,193,438$798,006$703,949$993,217
57$1,274,906$796,846$687,269$1,022,761
58$1,363,415$794,360$668,761$1,054,336
59$1,459,644$790,444$648,325$1,088,169
60$1,564,339$784,987$625,855$1,124,511
61$1,678,321$777,871$601,240$1,163,643
62$1,802,493$768,970$574,365$1,205,876
63$1,937,850$758,152$545,109$1,251,557
64$2,085,485$745,276$513,345$1,301,071
65$2,246,603$730,194$478,941$1,354,848
66$2,422,530$712,747$441,759$1,413,361
67$2,614,725$692,768$401,655$1,477,141
68$2,824,795$670,081$358,478$1,546,772
69$3,054,507$644,499$312,070$1,622,906
70$3,305,810$615,822$262,268$1,706,265
71$3,580,848$583,843$208,899$1,797,647
72$3,881,982$548,339$151,785$1,897,942
73$4,211,812$509,075$90,737$2,008,132
74$4,573,202$465,805$25,562$2,129,307
75$4,969,305$418,265$0$2,262,673
76$5,403,593$366,179$0$2,423,650
77$5,879,893$309,255$0$2,609,282
78$6,402,417$247,184$0$2,813,090
79$6,975,805$179,638$0$3,036,960
80$7,605,171$106,273$0$3,282,976
81$8,296,143$26,726$0$3,553,440
82$9,054,925$0$0$3,850,891
83$9,888,348$0$0$4,198,392
84$10,803,940$0$0$4,590,276
85$11,809,992$0$0$5,020,986
86$12,915,639$0$0$5,494,448
87$14,130,945$0$0$6,014,984
88$15,466,996$0$0$6,587,358
89$16,936,007$0$0$7,216,818
90$18,551,435$0$0$7,909,146
91$20,328,108$0$0$8,670,712
92$22,282,361$0$0$9,508,535
93$24,432,192$0$0$10,430,348
94$26,797,433$0$0$11,444,672
95$29,399,933$0$0$12,560,896
96$32,263,766$0$0$13,789,364
97$35,415,459$0$0$15,141,475
98$38,884,239$0$0$16,629,787
99$42,702,312$0$0$18,268,139
100$46,905,163$0$0$20,071,780