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%19.7%
1 years$61,274$60,728$60,195$59,676$59,168$56,865
2 years$30,333$29,769$29,221$28,690$28,175$25,883
3 years$20,021$19,454$18,908$18,382$17,876$15,666
4 years$14,866$14,301$13,760$13,243$12,749$10,639
5 years$11,774$11,212$10,678$10,172$9,692$7,687
6 years$9,713$9,155$8,630$8,135$7,669$5,770
7 years$8,242$7,689$7,171$6,688$6,237$4,444
8 years$7,139$6,591$6,082$5,610$5,174$3,485
9 years$6,281$5,738$5,238$4,779$4,357$2,770
10 years$5,596$5,058$4,567$4,119$3,713$2,223
11 years$5,035$4,503$4,021$3,585$3,193$1,799
12 years$4,569$4,042$3,568$3,145$2,767$1,464
13 years$4,174$3,652$3,188$2,776$2,413$1,197
14 years$3,836$3,320$2,864$2,464$2,115$983
15 years$3,543$3,033$2,586$2,198$1,862$809
16 years$3,287$2,783$2,345$1,968$1,646$668
17 years$3,062$2,563$2,134$1,768$1,459$553
18 years$2,862$2,368$1,948$1,593$1,298$458
19 years$2,683$2,195$1,783$1,440$1,157$380
20 years$2,522$2,039$1,636$1,304$1,033$316
21 years$2,376$1,900$1,505$1,184$924$263
22 years$2,245$1,773$1,387$1,076$829$219
23 years$2,124$1,658$1,281$980$744$182
24 years$2,014$1,554$1,185$894$669$152
25 years$1,913$1,458$1,097$816$602$126
26 years$1,820$1,370$1,018$746$542$105
27 years$1,734$1,290$945$683$489$88
28 years$1,654$1,215$878$626$441$73
29 years$1,580$1,147$817$574$398$61
30 years$1,510$1,083$761$527$360$51
31 years$1,446$1,024$710$484$325$43
32 years$1,385$969$662$445$294$36
33 years$1,329$917$618$409$266$30
34 years$1,276$869$578$376$241$25
35 years$1,226$825$540$346$218$21
36 years$1,178$783$505$319$198$17
37 years$1,134$743$473$294$179$14
38 years$1,092$706$443$271$163$12
39 years$1,052$672$415$250$147$10
40 years$1,014$639$389$230$134$8
41 years$979$608$365$213$121$7
42 years$945$579$342$196$110$6
43 years$912$552$321$181$100$5
44 years$882$526$301$167$91$4
45 years$852$502$283$154$82$3
46 years$824$479$266$143$75$3
47 years$798$457$250$132$68$2
48 years$772$436$235$122$62$2
49 years$748$416$221$113$56$2
50 years$724$398$207$104$51$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $742,000, adding $4,158 every year, while hoping to spend $41,990 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: 62/32/6 Blend
49$742,000$742,000$742,000$742,000
50$821,973$782,647$771,146$871,795
51$861,137$776,320$752,302$899,224
52$902,889$768,275$731,420$923,869
53$947,447$758,384$708,387$949,683
54$995,054$746,512$683,084$976,776
55$1,045,971$732,513$655,390$1,005,273
56$1,100,489$716,235$625,174$1,035,313
57$1,158,924$697,516$592,303$1,067,050
58$1,221,625$676,184$556,635$1,100,654
59$1,288,973$652,059$518,024$1,136,317
60$1,361,386$624,948$476,316$1,174,252
61$1,439,325$594,648$431,350$1,214,694
62$1,523,295$560,945$382,959$1,257,907
63$1,613,850$523,610$330,967$1,304,181
64$1,711,600$482,404$275,192$1,353,843
65$1,817,214$437,073$215,442$1,407,251
66$1,931,428$387,348$151,518$1,464,807
67$2,055,051$332,946$83,211$1,526,955
68$2,188,973$273,566$10,305$1,594,189
69$2,334,170$208,893$0$1,667,057
70$2,491,717$138,591$0$1,750,487
71$2,662,797$62,307$0$1,841,817
72$2,848,711$0$0$1,941,150
73$3,050,889$0$0$2,056,491
74$3,270,904$0$0$2,205,932
75$3,510,489$0$0$2,368,716
76$3,771,550$0$0$2,546,145
77$4,056,182$0$0$2,739,649
78$4,366,695$0$0$2,950,806
79$4,705,629$0$0$3,181,349
80$5,075,781$0$0$3,433,189
81$5,480,228$0$0$3,708,428
82$5,922,361$0$0$4,009,380
83$6,405,910$0$0$4,338,595
84$6,934,985$0$0$4,698,877
85$7,514,109$0$0$5,093,317
86$8,148,264$0$0$5,525,318
87$8,842,936$0$0$5,998,626
88$9,604,167$0$0$6,517,367
89$10,438,609$0$0$7,086,087
90$11,353,591$0$0$7,709,791
91$12,357,184$0$0$8,393,991
92$13,458,277$0$0$9,144,761
93$14,666,663$0$0$9,968,789
94$15,993,127$0$0$10,873,442
95$17,449,550$0$0$11,866,837
96$19,049,019$0$0$12,957,913
97$20,805,952$0$0$14,156,520
98$22,736,232$0$0$15,473,508
99$24,857,354$0$0$16,920,828
100$27,188,594$0$0$18,511,649