Can I retire at age 50 with 747,000?

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 $747,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$61,687$61,137$60,601$60,078$59,567$58,364
2 years$30,538$29,969$29,418$28,884$28,365$27,159
3 years$20,156$19,585$19,035$18,506$17,996$16,824
4 years$14,967$14,397$13,853$13,333$12,835$11,705
5 years$11,854$11,288$10,750$10,241$9,757$8,673
6 years$9,779$9,217$8,688$8,190$7,720$6,684
7 years$8,298$7,741$7,220$6,733$6,279$5,290
8 years$7,187$6,635$6,123$5,648$5,209$4,267
9 years$6,324$5,777$5,274$4,811$4,387$3,492
10 years$5,634$5,092$4,598$4,147$3,738$2,889
11 years$5,069$4,533$4,048$3,609$3,214$2,410
12 years$4,599$4,069$3,592$3,166$2,786$2,025
13 years$4,202$3,677$3,209$2,795$2,429$1,711
14 years$3,862$3,342$2,884$2,481$2,129$1,452
15 years$3,567$3,053$2,604$2,213$1,875$1,237
16 years$3,309$2,801$2,361$1,981$1,657$1,057
17 years$3,082$2,580$2,148$1,780$1,469$906
18 years$2,881$2,384$1,961$1,604$1,306$778
19 years$2,701$2,209$1,795$1,450$1,164$669
20 years$2,539$2,053$1,647$1,313$1,040$577
21 years$2,392$1,912$1,515$1,191$931$497
22 years$2,260$1,785$1,397$1,083$834$430
23 years$2,139$1,670$1,289$987$749$372
24 years$2,028$1,564$1,193$900$673$322
25 years$1,926$1,468$1,105$822$606$279
26 years$1,832$1,380$1,024$751$546$241
27 years$1,745$1,298$951$688$492$209
28 years$1,665$1,224$884$630$444$182
29 years$1,590$1,154$823$578$401$158
30 years$1,521$1,090$767$530$362$137
31 years$1,456$1,030$715$487$327$119
32 years$1,395$975$667$448$296$103
33 years$1,338$923$623$412$268$90
34 years$1,284$875$582$379$243$78
35 years$1,234$830$544$349$220$68
36 years$1,186$788$509$321$199$59
37 years$1,142$748$476$296$180$51
38 years$1,099$711$446$273$164$45
39 years$1,059$676$418$251$148$39
40 years$1,021$643$392$232$135$34
41 years$985$612$367$214$122$29
42 years$951$583$344$197$111$26
43 years$919$556$323$182$101$22
44 years$888$530$303$168$91$19
45 years$858$505$285$155$83$17
46 years$830$482$268$144$75$15
47 years$803$460$251$133$68$13
48 years$777$439$236$123$62$11
49 years$753$419$222$113$56$10
50 years$729$400$209$105$51$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $747,000, adding $2,898 every year, while hoping to spend $22,376 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: 26/49/25 Blend
49$747,000$747,000$747,000$747,000
50$826,183$786,592$775,014$841,102
51$886,646$801,327$777,169$868,136
52$952,526$816,035$778,646$894,997
53$1,024,352$830,689$779,399$923,349
54$1,102,707$845,263$779,380$953,333
55$1,188,231$859,729$778,537$985,103
56$1,281,629$874,054$776,816$1,018,832
57$1,383,678$888,206$774,162$1,054,711
58$1,495,232$902,147$770,516$1,092,951
59$1,617,234$915,840$765,816$1,133,786
60$1,750,718$929,243$759,998$1,177,474
61$1,896,827$942,311$752,993$1,224,303
62$2,056,815$954,997$744,731$1,274,589
63$2,232,068$967,249$735,137$1,328,684
64$2,424,109$979,014$724,134$1,386,975
65$2,634,615$990,233$711,639$1,449,894
66$2,865,435$1,000,844$697,569$1,517,916
67$3,118,605$1,010,780$681,833$1,591,566
68$3,396,366$1,019,972$664,337$1,671,427
69$3,701,189$1,028,344$644,986$1,758,143
70$4,035,792$1,035,815$623,675$1,852,425
71$4,403,174$1,042,300$600,299$1,955,060
72$4,806,633$1,047,709$574,744$2,066,919
73$5,249,807$1,051,944$546,896$2,188,963
74$5,736,701$1,054,903$516,631$2,322,257
75$6,271,728$1,056,477$483,821$2,467,975
76$6,859,749$1,056,549$448,334$2,627,415
77$7,506,120$1,054,996$410,029$2,802,014
78$8,216,741$1,051,687$368,762$2,993,357
79$8,998,112$1,046,484$324,379$3,203,196
80$9,857,396$1,039,238$276,722$3,433,465
81$10,802,484$1,029,794$225,626$3,686,304
82$11,842,069$1,017,985$170,916$3,964,073
83$12,985,730$1,003,637$112,412$4,269,379
84$14,244,021$986,562$49,925$4,605,102
85$15,628,572$966,564$0$4,974,421
86$17,152,193$943,433$0$5,385,319
87$18,829,004$916,948$0$5,851,702
88$20,674,559$886,874$0$6,364,576
89$22,705,997$852,965$0$6,928,723
90$24,942,206$814,957$0$7,549,418
91$27,403,994$772,573$0$8,232,483
92$30,114,291$725,519$0$8,984,333
93$33,098,364$673,484$0$9,812,050
94$36,384,053$616,141$0$10,723,441
95$40,002,037$553,143$0$11,727,116
96$43,986,120$484,122$0$12,832,572
97$48,373,551$408,691$0$14,050,283
98$53,205,377$326,440$0$15,391,797
99$58,526,827$236,938$0$16,869,851
100$64,387,742$139,727$0$18,498,490