Can I retire at age 50 with 744,000?

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 $744,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$61,439$60,892$60,358$59,836$59,328$57,544
2 years$30,415$29,849$29,300$28,768$28,251$26,469
3 years$20,075$19,507$18,959$18,432$17,924$16,199
4 years$14,907$14,339$13,797$13,279$12,783$11,130
5 years$11,806$11,242$10,707$10,200$9,718$8,139
6 years$9,740$9,180$8,653$8,157$7,689$6,187
7 years$8,264$7,709$7,191$6,706$6,253$4,828
8 years$7,158$6,608$6,098$5,626$5,188$3,838
9 years$6,298$5,754$5,252$4,792$4,369$3,094
10 years$5,611$5,072$4,579$4,130$3,723$2,520
11 years$5,049$4,515$4,031$3,595$3,202$2,069
12 years$4,581$4,052$3,578$3,153$2,774$1,710
13 years$4,185$3,662$3,197$2,784$2,419$1,421
14 years$3,846$3,329$2,872$2,471$2,121$1,185
15 years$3,553$3,041$2,593$2,204$1,867$992
16 years$3,296$2,790$2,351$1,973$1,650$833
17 years$3,070$2,570$2,139$1,773$1,463$701
18 years$2,869$2,374$1,953$1,598$1,301$591
19 years$2,690$2,201$1,788$1,444$1,160$499
20 years$2,529$2,045$1,641$1,308$1,036$422
21 years$2,383$1,905$1,509$1,187$927$357
22 years$2,251$1,778$1,391$1,079$831$303
23 years$2,130$1,663$1,284$983$746$257
24 years$2,020$1,558$1,188$896$670$218
25 years$1,918$1,462$1,100$818$603$185
26 years$1,825$1,374$1,020$748$543$157
27 years$1,738$1,293$947$685$490$133
28 years$1,658$1,219$881$628$442$113
29 years$1,584$1,150$820$576$399$96
30 years$1,514$1,086$763$528$361$82
31 years$1,450$1,026$712$485$326$70
32 years$1,389$971$664$446$295$59
33 years$1,332$920$620$410$267$51
34 years$1,279$872$579$377$242$43
35 years$1,229$827$542$347$219$37
36 years$1,182$785$507$320$198$31
37 years$1,137$745$474$295$180$27
38 years$1,095$708$444$272$163$23
39 years$1,055$674$416$250$148$19
40 years$1,017$641$390$231$134$16
41 years$981$610$366$213$122$14
42 years$947$581$343$197$110$12
43 years$915$553$322$182$100$10
44 years$884$528$302$168$91$9
45 years$855$503$284$155$83$7
46 years$827$480$266$143$75$6
47 years$800$458$250$132$68$5
48 years$774$437$235$122$62$5
49 years$750$418$221$113$56$4
50 years$726$399$208$104$51$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $744,000, adding $3,083 every year, while hoping to spend $32,420 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: 49/26/25 Blend
49$744,000$744,000$744,000$744,000
50$823,068$783,636$772,104$857,436
51$872,526$787,540$763,475$885,656
52$925,943$790,548$753,470$912,812
53$983,687$792,583$742,009$941,666
54$1,046,165$793,561$729,009$972,393
55$1,113,823$793,395$714,380$1,005,187
56$1,187,152$791,991$698,031$1,040,264
57$1,266,692$789,249$679,865$1,077,862
58$1,353,037$785,063$659,782$1,118,249
59$1,446,838$779,323$637,676$1,161,719
60$1,548,814$771,909$613,438$1,208,598
61$1,659,756$762,695$586,950$1,259,250
62$1,780,532$751,548$558,094$1,314,076
63$1,912,099$738,326$526,743$1,373,521
64$2,055,509$722,880$492,765$1,438,080
65$2,211,920$705,051$456,022$1,508,299
66$2,382,609$684,671$416,371$1,584,783
67$2,568,977$661,562$373,662$1,668,204
68$2,772,570$635,536$327,737$1,759,303
69$2,995,089$606,394$278,433$1,858,902
70$3,238,406$573,925$225,578$1,967,911
71$3,504,582$537,906$168,994$2,087,337
72$3,795,888$498,102$108,494$2,218,292
73$4,114,823$454,264$43,883$2,362,008
74$4,464,140$406,127$0$2,519,848
75$4,846,869$353,415$0$2,700,004
76$5,266,350$295,832$0$2,910,382
77$5,726,258$233,068$0$3,141,163
78$6,230,643$164,796$0$3,394,444
79$6,783,966$90,667$0$3,672,539
80$7,391,137$10,317$0$3,978,000
81$8,057,569$0$0$4,313,643
82$8,789,223$0$0$4,704,502
83$9,592,662$0$0$5,137,036
84$10,475,122$0$0$5,612,198
85$11,444,568$0$0$6,134,289
86$12,509,779$0$0$6,708,046
87$13,680,424$0$0$7,338,691
88$14,967,157$0$0$8,031,975
89$16,381,713$0$0$8,794,232
90$17,937,023$0$0$9,632,444
91$19,647,332$0$0$10,554,301
92$21,528,336$0$0$11,568,277
93$23,597,326$0$0$12,683,708
94$25,873,357$0$0$13,910,880
95$28,377,420$0$0$15,261,127
96$31,132,643$0$0$16,746,936
97$34,164,513$0$0$18,382,067
98$37,501,108$0$0$20,181,680
99$41,173,368$0$0$22,162,480
100$45,215,383$0$0$24,342,872