Can I retire at age 50 with 745,000?

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 $745,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$61,521$60,973$60,439$59,917$59,407$59,157
2 years$30,456$29,889$29,339$28,806$28,289$28,037
3 years$20,102$19,533$18,984$18,456$17,948$17,701
4 years$14,927$14,359$13,816$13,297$12,801$12,561
5 years$11,822$11,257$10,722$10,213$9,731$9,499
6 years$9,753$9,192$8,665$8,168$7,700$7,476
7 years$8,275$7,720$7,200$6,715$6,262$6,047
8 years$7,168$6,617$6,106$5,633$5,195$4,988
9 years$6,307$5,762$5,260$4,798$4,375$4,177
10 years$5,619$5,079$4,585$4,136$3,728$3,538
11 years$5,056$4,521$4,037$3,600$3,206$3,024
12 years$4,587$4,058$3,583$3,157$2,778$2,605
13 years$4,191$3,667$3,201$2,787$2,423$2,257
14 years$3,851$3,333$2,876$2,474$2,124$1,966
15 years$3,558$3,045$2,597$2,207$1,870$1,719
16 years$3,301$2,794$2,354$1,976$1,653$1,509
17 years$3,074$2,573$2,142$1,775$1,465$1,329
18 years$2,873$2,378$1,956$1,600$1,303$1,174
19 years$2,694$2,203$1,790$1,446$1,161$1,039
20 years$2,532$2,048$1,643$1,309$1,037$921
21 years$2,386$1,907$1,511$1,188$928$819
22 years$2,254$1,780$1,393$1,080$832$728
23 years$2,133$1,665$1,286$984$747$649
24 years$2,022$1,560$1,189$897$671$579
25 years$1,921$1,464$1,102$820$604$517
26 years$1,827$1,376$1,022$749$544$462
27 years$1,741$1,295$949$686$491$413
28 years$1,660$1,220$882$628$443$370
29 years$1,586$1,151$821$576$400$332
30 years$1,516$1,087$764$529$361$297
31 years$1,452$1,028$713$486$327$267
32 years$1,391$972$665$446$295$239
33 years$1,334$921$621$411$267$215
34 years$1,281$873$580$378$242$193
35 years$1,231$828$542$348$219$173
36 years$1,183$786$507$320$199$156
37 years$1,139$746$475$295$180$140
38 years$1,096$709$445$272$163$126
39 years$1,056$674$417$251$148$113
40 years$1,019$642$391$231$134$102
41 years$983$611$366$213$122$91
42 years$948$582$343$197$110$82
43 years$916$554$322$182$100$74
44 years$885$528$303$168$91$67
45 years$856$504$284$155$83$60
46 years$828$481$267$143$75$54
47 years$801$459$251$132$68$49
48 years$775$438$236$122$62$44
49 years$751$418$221$113$56$39
50 years$727$399$208$104$51$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $745,000, adding $6,365 every year, while hoping to spend $29,478 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: 55/32/13 Blend
49$745,000$745,000$745,000$745,000
50$827,555$788,070$776,523$869,951
51$880,602$795,322$771,172$906,705
52$938,071$801,940$764,654$942,958
53$1,000,383$807,864$756,899$981,749
54$1,067,999$813,026$747,832$1,023,327
55$1,141,428$817,358$737,377$1,067,964
56$1,221,228$820,783$725,454$1,115,964
57$1,308,014$823,222$711,978$1,167,661
58$1,402,463$824,591$696,860$1,223,425
59$1,505,317$824,799$680,008$1,283,664
60$1,617,397$823,751$661,325$1,348,830
61$1,739,602$821,346$640,711$1,419,421
62$1,872,925$817,476$618,058$1,495,988
63$2,018,458$812,026$593,257$1,579,140
64$2,177,401$804,876$566,192$1,669,548
65$2,351,078$795,897$536,742$1,767,956
66$2,540,945$784,953$504,780$1,875,182
67$2,748,605$771,900$470,174$1,992,133
68$2,975,824$756,584$432,785$2,119,810
69$3,224,545$738,844$392,471$2,259,315
70$3,496,909$718,507$349,079$2,411,870
71$3,795,274$695,394$302,453$2,578,821
72$4,122,234$669,310$252,427$2,761,655
73$4,480,649$640,054$198,831$2,962,013
74$4,873,668$607,410$141,485$3,181,708
75$5,304,759$571,149$80,201$3,422,740
76$5,777,741$531,032$14,785$3,687,317
77$6,296,823$486,805$0$3,977,878
78$6,866,637$438,197$0$4,304,744
79$7,492,291$384,925$0$4,665,937
80$8,179,406$326,688$0$5,062,712
81$8,934,179$263,169$0$5,498,716
82$9,763,433$194,032$0$5,977,973
83$10,674,687$118,924$0$6,504,922
84$11,676,224$37,470$0$7,084,456
85$12,777,168$0$0$7,721,973
86$13,987,573$0$0$8,441,288
87$15,318,513$0$0$9,246,818
88$16,782,192$0$0$10,132,766
89$18,392,054$0$0$11,107,277
90$20,162,911$0$0$12,179,329
91$22,111,084$0$0$13,358,812
92$24,254,555$0$0$14,656,624
93$26,613,135$0$0$16,084,772
94$29,208,657$0$0$17,656,486
95$32,065,173$0$0$19,386,343
96$35,209,186$0$0$21,290,406
97$38,669,899$0$0$23,386,373
98$42,479,491$0$0$25,693,746
99$46,673,417$0$0$28,234,013
100$51,290,745$0$0$31,030,851