Can I retire at age 50 with 742,000?

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 $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%13.7%
1 years$61,274$60,728$60,195$59,676$59,168$58,260
2 years$30,333$29,769$29,221$28,690$28,175$27,262
3 years$20,021$19,454$18,908$18,382$17,876$16,987
4 years$14,866$14,301$13,760$13,243$12,749$11,891
5 years$11,774$11,212$10,678$10,172$9,692$8,866
6 years$9,713$9,155$8,630$8,135$7,669$6,877
7 years$8,242$7,689$7,171$6,688$6,237$5,480
8 years$7,139$6,591$6,082$5,610$5,174$4,451
9 years$6,281$5,738$5,238$4,779$4,357$3,668
10 years$5,596$5,058$4,567$4,119$3,713$3,057
11 years$5,035$4,503$4,021$3,585$3,193$2,570
12 years$4,569$4,042$3,568$3,145$2,767$2,176
13 years$4,174$3,652$3,188$2,776$2,413$1,853
14 years$3,836$3,320$2,864$2,464$2,115$1,585
15 years$3,543$3,033$2,586$2,198$1,862$1,362
16 years$3,287$2,783$2,345$1,968$1,646$1,174
17 years$3,062$2,563$2,134$1,768$1,459$1,014
18 years$2,862$2,368$1,948$1,593$1,298$879
19 years$2,683$2,195$1,783$1,440$1,157$763
20 years$2,522$2,039$1,636$1,304$1,033$663
21 years$2,376$1,900$1,505$1,184$924$577
22 years$2,245$1,773$1,387$1,076$829$503
23 years$2,124$1,658$1,281$980$744$439
24 years$2,014$1,554$1,185$894$669$384
25 years$1,913$1,458$1,097$816$602$336
26 years$1,820$1,370$1,018$746$542$294
27 years$1,734$1,290$945$683$489$257
28 years$1,654$1,215$878$626$441$225
29 years$1,580$1,147$817$574$398$198
30 years$1,510$1,083$761$527$360$173
31 years$1,446$1,024$710$484$325$152
32 years$1,385$969$662$445$294$133
33 years$1,329$917$618$409$266$117
34 years$1,276$869$578$376$241$103
35 years$1,226$825$540$346$218$90
36 years$1,178$783$505$319$198$79
37 years$1,134$743$473$294$179$70
38 years$1,092$706$443$271$163$61
39 years$1,052$672$415$250$147$54
40 years$1,014$639$389$230$134$47
41 years$979$608$365$213$121$42
42 years$945$579$342$196$110$36
43 years$912$552$321$181$100$32
44 years$882$526$301$167$91$28
45 years$852$502$283$154$82$25
46 years$824$479$266$143$75$22
47 years$798$457$250$132$68$19
48 years$772$436$235$122$62$17
49 years$748$416$221$113$56$15
50 years$724$398$207$104$51$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $742,000, adding $4,795 every year, while hoping to spend $21,121 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: 59/23/18 Blend
49$742,000$742,000$742,000$742,000
50$822,630$783,304$771,803$867,041
51$884,066$799,213$775,186$913,577
52$951,060$815,194$777,974$961,565
53$1,024,157$831,228$780,126$1,013,416
54$1,103,958$847,295$781,596$1,069,509
55$1,191,121$863,371$782,339$1,130,258
56$1,286,373$879,434$782,305$1,196,120
57$1,390,514$895,458$781,443$1,267,601
58$1,504,425$911,414$779,700$1,345,255
59$1,629,075$927,272$777,019$1,429,696
60$1,765,533$943,000$773,341$1,521,598
61$1,914,973$958,563$768,604$1,621,708
62$2,078,691$973,924$762,743$1,730,844
63$2,258,113$989,041$755,690$1,849,913
64$2,454,808$1,003,872$747,374$1,979,911
65$2,670,507$1,018,370$737,719$2,121,938
66$2,907,115$1,032,486$726,649$2,277,207
67$3,166,729$1,046,167$714,080$2,447,053
68$3,451,661$1,059,355$699,928$2,632,949
69$3,764,458$1,071,990$684,102$2,836,520
70$4,107,922$1,084,007$666,509$3,059,556
71$4,485,143$1,095,336$647,050$3,304,030
72$4,899,525$1,105,905$625,623$3,572,119
73$5,354,815$1,115,633$602,121$3,866,220
74$5,855,145$1,124,438$576,431$4,188,978
75$6,405,064$1,132,230$548,435$4,543,309
76$7,009,585$1,138,913$518,012$4,932,424
77$7,674,230$1,144,387$485,032$5,359,867
78$8,405,083$1,148,543$449,362$5,829,543
79$9,208,847$1,151,268$410,862$6,345,757
80$10,092,909$1,152,439$369,385$6,913,253
81$11,065,404$1,151,928$324,779$7,537,264
82$12,135,300$1,149,596$276,883$8,223,555
83$13,312,473$1,145,299$225,531$8,978,483
84$14,607,808$1,138,882$170,549$9,809,055
85$16,033,298$1,130,180$111,756$10,722,996
86$17,602,155$1,119,020$48,960$11,728,819
87$19,328,940$1,105,217$0$12,835,909
88$21,229,695$1,088,576$0$14,058,079
89$23,322,097$1,068,889$0$15,413,524
90$25,625,623$1,045,937$0$16,905,444
91$28,161,736$1,019,488$0$18,547,735
92$30,954,086$989,295$0$20,355,715
93$34,028,730$955,098$0$22,346,262
94$37,414,384$916,621$0$24,537,980
95$41,142,688$873,573$0$26,951,371
96$45,248,509$825,644$0$29,609,029
97$49,770,265$772,509$0$32,535,855
98$54,750,292$713,822$0$35,759,289
99$60,235,241$649,218$0$39,309,576
100$66,276,518$578,312$0$43,220,046