Can I retire at age 50 with 744,000?

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 $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%16.4%
1 years$61,439$60,892$60,358$59,836$59,328$57,776
2 years$30,415$29,849$29,300$28,768$28,251$26,699
3 years$20,075$19,507$18,959$18,432$17,924$16,419
4 years$14,907$14,339$13,797$13,279$12,783$11,338
5 years$11,806$11,242$10,707$10,200$9,718$8,335
6 years$9,740$9,180$8,653$8,157$7,689$6,371
7 years$8,264$7,709$7,191$6,706$6,253$5,000
8 years$7,158$6,608$6,098$5,626$5,188$3,998
9 years$6,298$5,754$5,252$4,792$4,369$3,242
10 years$5,611$5,072$4,579$4,130$3,723$2,657
11 years$5,049$4,515$4,031$3,595$3,202$2,196
12 years$4,581$4,052$3,578$3,153$2,774$1,827
13 years$4,185$3,662$3,197$2,784$2,419$1,528
14 years$3,846$3,329$2,872$2,471$2,121$1,284
15 years$3,553$3,041$2,593$2,204$1,867$1,082
16 years$3,296$2,790$2,351$1,973$1,650$915
17 years$3,070$2,570$2,139$1,773$1,463$775
18 years$2,869$2,374$1,953$1,598$1,301$659
19 years$2,690$2,201$1,788$1,444$1,160$560
20 years$2,529$2,045$1,641$1,308$1,036$477
21 years$2,383$1,905$1,509$1,187$927$407
22 years$2,251$1,778$1,391$1,079$831$348
23 years$2,130$1,663$1,284$983$746$297
24 years$2,020$1,558$1,188$896$670$254
25 years$1,918$1,462$1,100$818$603$218
26 years$1,825$1,374$1,020$748$543$186
27 years$1,738$1,293$947$685$490$160
28 years$1,658$1,219$881$628$442$137
29 years$1,584$1,150$820$576$399$117
30 years$1,514$1,086$763$528$361$101
31 years$1,450$1,026$712$485$326$86
32 years$1,389$971$664$446$295$74
33 years$1,332$920$620$410$267$64
34 years$1,279$872$579$377$242$55
35 years$1,229$827$542$347$219$47
36 years$1,182$785$507$320$198$40
37 years$1,137$745$474$295$180$35
38 years$1,095$708$444$272$163$30
39 years$1,055$674$416$250$148$25
40 years$1,017$641$390$231$134$22
41 years$981$610$366$213$122$19
42 years$947$581$343$197$110$16
43 years$915$553$322$182$100$14
44 years$884$528$302$168$91$12
45 years$855$503$284$155$83$10
46 years$827$480$266$143$75$9
47 years$800$458$250$132$68$8
48 years$774$437$235$122$62$6
49 years$750$418$221$113$56$6
50 years$726$399$208$104$51$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $744,000, adding $4,417 every year, while hoping to spend $58,829 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: 64/10/26 Blend
49$744,000$744,000$744,000$744,000
50$824,444$785,012$773,480$871,294
51$845,944$760,884$736,798$879,367
52$867,665$733,602$696,916$881,263
53$889,568$702,950$653,663$882,033
54$911,606$668,697$606,864$881,574
55$933,729$630,602$556,333$879,773
56$955,877$588,409$501,877$876,510
57$977,981$541,845$443,294$871,655
58$999,964$490,625$380,374$865,067
59$1,021,740$434,446$312,897$856,593
60$1,043,211$372,986$240,632$846,070
61$1,064,265$305,909$163,339$833,319
62$1,084,777$232,856$80,769$818,147
63$1,104,609$153,451$0$800,347
64$1,123,603$67,293$0$781,732
65$1,141,583$0$0$784,063
66$1,158,353$0$0$787,588
67$1,173,695$0$0$797,483
68$1,187,363$0$0$806,168
69$1,199,084$0$0$813,451
70$1,208,555$0$0$819,115
71$1,215,438$0$0$822,922
72$1,219,357$0$0$824,605
73$1,219,894$0$0$823,869
74$1,216,584$0$0$820,385
75$1,208,913$0$0$813,789
76$1,196,310$0$0$803,677
77$1,178,139$0$0$789,600
78$1,153,699$0$0$771,061
79$1,122,211$0$0$747,511
80$1,082,812$0$0$718,339
81$1,034,548$0$0$682,871
82$976,361$0$0$640,359
83$907,083$0$0$589,979
84$825,419$0$0$530,815
85$729,938$0$0$461,857
86$619,059$0$0$381,988
87$491,031$0$0$289,973
88$343,924$0$0$184,446
89$175,599$0$0$63,899
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0