Can I retire at age 50 with 743,000?

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 $743,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$61,356$60,810$60,277$59,756$59,248$58,850
2 years$30,374$29,809$29,260$28,729$28,213$27,812
3 years$20,048$19,480$18,933$18,407$17,900$17,507
4 years$14,886$14,320$13,779$13,261$12,766$12,386
5 years$11,790$11,227$10,693$10,186$9,705$9,337
6 years$9,727$9,168$8,641$8,146$7,679$7,325
7 years$8,253$7,699$7,181$6,697$6,245$5,905
8 years$7,149$6,600$6,090$5,618$5,181$4,855
9 years$6,290$5,746$5,245$4,785$4,363$4,051
10 years$5,603$5,065$4,573$4,125$3,718$3,419
11 years$5,042$4,509$4,026$3,590$3,197$2,912
12 years$4,575$4,047$3,573$3,149$2,771$2,499
13 years$4,179$3,657$3,192$2,780$2,416$2,157
14 years$3,841$3,324$2,868$2,468$2,118$1,871
15 years$3,548$3,037$2,590$2,201$1,865$1,630
16 years$3,292$2,786$2,348$1,971$1,648$1,425
17 years$3,066$2,566$2,136$1,771$1,461$1,250
18 years$2,865$2,371$1,950$1,596$1,299$1,099
19 years$2,686$2,198$1,785$1,442$1,158$969
20 years$2,525$2,042$1,639$1,306$1,034$855
21 years$2,380$1,902$1,507$1,185$926$757
22 years$2,248$1,776$1,389$1,078$830$670
23 years$2,127$1,661$1,283$981$745$595
24 years$2,017$1,556$1,186$895$669$528
25 years$1,916$1,460$1,099$817$602$469
26 years$1,822$1,372$1,019$747$543$418
27 years$1,736$1,292$946$684$489$372
28 years$1,656$1,217$880$627$441$331
29 years$1,582$1,148$819$575$399$295
30 years$1,512$1,084$762$527$360$263
31 years$1,448$1,025$711$484$326$235
32 years$1,387$970$663$445$295$210
33 years$1,331$918$619$409$267$188
34 years$1,277$870$579$377$241$168
35 years$1,227$826$541$347$219$150
36 years$1,180$784$506$319$198$134
37 years$1,136$744$474$294$180$120
38 years$1,093$707$444$271$163$107
39 years$1,054$673$416$250$148$96
40 years$1,016$640$389$231$134$86
41 years$980$609$365$213$121$77
42 years$946$580$343$196$110$69
43 years$914$553$321$181$100$61
44 years$883$527$302$167$91$55
45 years$853$502$283$155$82$49
46 years$825$479$266$143$75$44
47 years$799$457$250$132$68$39
48 years$773$437$235$122$62$35
49 years$749$417$221$113$56$32
50 years$725$398$208$104$51$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $743,000, adding $6,516 every year, while hoping to spend $21,229 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: 79/5/16 Blend
49$743,000$743,000$743,000$743,000
50$825,507$786,128$774,612$887,398
51$887,122$802,061$777,974$945,021
52$954,309$818,063$780,737$1,004,872
53$1,027,615$834,115$782,859$1,069,949
54$1,107,642$850,197$784,294$1,140,766
55$1,195,051$866,286$784,997$1,217,892
56$1,290,570$882,357$784,919$1,301,950
57$1,395,001$898,386$784,006$1,393,628
58$1,509,227$914,342$782,206$1,493,686
59$1,634,220$930,197$779,462$1,602,958
60$1,771,050$945,917$775,714$1,722,365
61$1,920,896$961,466$770,900$1,852,921
62$2,085,057$976,807$764,954$1,995,743
63$2,264,961$991,899$757,808$2,152,063
64$2,462,183$1,006,698$749,391$2,323,236
65$2,678,457$1,021,157$739,626$2,510,757
66$2,915,692$1,035,226$728,437$2,716,274
67$3,175,993$1,048,852$715,739$2,941,602
68$3,461,675$1,061,977$701,448$3,188,740
69$3,775,292$1,074,540$685,472$3,459,892
70$4,119,654$1,086,475$667,717$3,757,487
71$4,497,858$1,097,712$648,086$4,084,200
72$4,913,316$1,108,176$626,473$4,442,982
73$5,369,787$1,117,789$602,772$4,837,081
74$5,871,409$1,126,465$576,869$5,270,080
75$6,422,745$1,134,114$548,646$5,745,925
76$7,028,820$1,140,640$517,981$6,268,965
77$7,695,169$1,145,941$484,743$6,843,994
78$8,427,892$1,149,908$448,798$7,476,293
79$9,233,710$1,152,426$410,004$8,171,684
80$10,120,025$1,153,371$368,216$8,936,581
81$11,094,995$1,152,614$323,279$9,778,055
82$12,167,608$1,150,016$275,033$10,703,895
83$13,347,766$1,145,429$223,309$11,722,689
84$14,646,382$1,138,698$167,933$12,843,897
85$16,075,476$1,129,658$108,722$14,077,947
86$17,648,295$1,118,132$45,485$15,436,332
87$19,379,435$1,103,934$0$16,931,714
88$21,284,979$1,086,868$0$18,581,806
89$23,382,646$1,066,724$0$20,406,764
90$25,691,963$1,043,281$0$22,415,802
91$28,234,446$1,016,304$0$24,627,638
92$31,033,802$985,546$0$27,062,899
93$34,116,155$950,742$0$29,744,312
94$37,510,290$911,616$0$32,696,925
95$41,247,927$867,873$0$35,948,335
96$45,364,018$819,201$0$39,528,954
97$49,897,077$765,271$0$43,472,295
98$54,889,545$705,736$0$47,815,288
99$60,388,189$640,227$0$52,598,625
100$66,444,541$568,355$0$57,867,152