Can I retire at age 50 with 746,000?

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 $746,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$61,604$61,055$60,520$59,997$59,487$57,263
2 years$30,497$29,929$29,379$28,845$28,327$26,112
3 years$20,129$19,559$19,010$18,481$17,972$15,835
4 years$14,947$14,378$13,834$13,315$12,818$10,775
5 years$11,838$11,272$10,736$10,227$9,744$7,802
6 years$9,766$9,205$8,676$8,179$7,710$5,869
7 years$8,286$7,730$7,210$6,724$6,270$4,530
8 years$7,177$6,626$6,115$5,641$5,202$3,561
9 years$6,315$5,769$5,267$4,805$4,381$2,837
10 years$5,626$5,085$4,592$4,142$3,733$2,283
11 years$5,062$4,527$4,042$3,604$3,210$1,852
12 years$4,593$4,063$3,587$3,162$2,782$1,512
13 years$4,196$3,672$3,205$2,791$2,426$1,240
14 years$3,857$3,338$2,880$2,478$2,126$1,021
15 years$3,562$3,049$2,600$2,210$1,872$843
16 years$3,305$2,798$2,357$1,979$1,655$698
17 years$3,078$2,576$2,145$1,778$1,467$579
18 years$2,877$2,381$1,958$1,602$1,305$481
19 years$2,697$2,206$1,793$1,448$1,163$401
20 years$2,535$2,050$1,645$1,311$1,039$334
21 years$2,389$1,910$1,513$1,190$929$278
22 years$2,257$1,783$1,395$1,082$833$232
23 years$2,136$1,667$1,288$985$748$194
24 years$2,025$1,562$1,191$899$672$162
25 years$1,923$1,466$1,103$821$605$136
26 years$1,830$1,378$1,023$750$545$114
27 years$1,743$1,297$950$687$491$95
28 years$1,663$1,222$883$629$443$80
29 years$1,588$1,153$822$577$400$67
30 years$1,519$1,089$766$530$362$56
31 years$1,454$1,029$714$486$327$47
32 years$1,393$974$666$447$296$39
33 years$1,336$922$622$411$268$33
34 years$1,283$874$581$378$242$27
35 years$1,232$829$543$348$219$23
36 years$1,185$787$508$321$199$19
37 years$1,140$747$476$295$180$16
38 years$1,098$710$445$272$163$14
39 years$1,058$675$417$251$148$11
40 years$1,020$643$391$232$134$10
41 years$984$612$367$214$122$8
42 years$950$582$344$197$111$7
43 years$917$555$323$182$100$6
44 years$886$529$303$168$91$5
45 years$857$504$284$155$83$4
46 years$829$481$267$143$75$3
47 years$802$459$251$132$68$3
48 years$776$438$236$122$62$2
49 years$752$419$222$113$56$2
50 years$728$400$208$105$51$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $746,000, adding $5,899 every year, while hoping to spend $30,503 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: 72/8/20 Blend
49$746,000$746,000$746,000$746,000
50$828,177$788,639$777,076$883,401
51$880,196$794,827$770,653$927,107
52$936,499$800,296$762,992$970,741
53$997,490$804,979$754,021$1,017,761
54$1,063,614$808,804$743,661$1,068,498
55$1,135,361$811,693$731,832$1,123,316
56$1,213,269$813,567$718,450$1,182,620
57$1,297,930$814,339$703,425$1,246,853
58$1,389,994$813,918$686,665$1,316,504
59$1,490,179$812,205$668,074$1,392,115
60$1,599,273$809,099$647,550$1,474,282
61$1,718,143$804,489$624,987$1,563,661
62$1,847,743$798,258$600,274$1,660,977
63$1,989,125$790,285$573,295$1,767,030
64$2,143,444$780,437$543,929$1,882,701
65$2,311,974$768,577$512,049$2,008,963
66$2,496,115$754,558$477,523$2,146,888
67$2,697,411$738,224$440,212$2,297,659
68$2,917,561$719,410$399,973$2,462,579
69$3,158,433$697,942$356,653$2,643,086
70$3,422,088$673,636$310,095$2,840,768
71$3,710,792$646,296$260,135$3,057,371
72$4,027,044$615,715$206,600$3,294,825
73$4,373,592$581,675$149,311$3,555,257
74$4,753,466$543,944$88,080$3,841,011
75$5,170,000$502,278$22,712$4,154,673
76$5,626,869$456,418$0$4,499,095
77$6,128,118$406,092$0$4,887,459
78$6,678,205$351,009$0$5,319,016
79$7,282,040$290,866$0$5,792,786
80$7,945,029$225,339$0$6,313,030
81$8,673,130$154,089$0$6,884,447
82$9,472,905$76,755$0$7,512,212
83$10,351,583$0$0$8,202,031
84$11,317,128$0$0$8,960,806
85$12,378,314$0$0$9,802,206
86$13,544,806$0$0$10,727,141
87$14,827,253$0$0$11,744,061
88$16,237,388$0$0$12,862,274
89$17,788,136$0$0$14,092,034
90$19,493,738$0$0$15,444,640
91$21,369,884$0$0$16,932,542
92$23,433,863$0$0$18,569,455
93$25,704,721$0$0$20,370,492
94$28,203,446$0$0$22,352,303
95$30,953,161$0$0$24,533,236
96$33,979,346$0$0$26,933,505
97$37,310,074$0$0$29,575,385
98$40,976,278$0$0$32,483,419
99$45,012,044$0$0$35,684,649
100$49,454,927$0$0$39,208,875