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%11.2%
1 years$61,687$61,137$60,601$60,078$59,567$59,266
2 years$30,538$29,969$29,418$28,884$28,365$28,062
3 years$20,156$19,585$19,035$18,506$17,996$17,699
4 years$14,967$14,397$13,853$13,333$12,835$12,547
5 years$11,854$11,288$10,750$10,241$9,757$9,479
6 years$9,779$9,217$8,688$8,190$7,720$7,452
7 years$8,298$7,741$7,220$6,733$6,279$6,021
8 years$7,187$6,635$6,123$5,648$5,209$4,961
9 years$6,324$5,777$5,274$4,811$4,387$4,149
10 years$5,634$5,092$4,598$4,147$3,738$3,510
11 years$5,069$4,533$4,048$3,609$3,214$2,997
12 years$4,599$4,069$3,592$3,166$2,786$2,578
13 years$4,202$3,677$3,209$2,795$2,429$2,231
14 years$3,862$3,342$2,884$2,481$2,129$1,941
15 years$3,567$3,053$2,604$2,213$1,875$1,695
16 years$3,309$2,801$2,361$1,981$1,657$1,486
17 years$3,082$2,580$2,148$1,780$1,469$1,307
18 years$2,881$2,384$1,961$1,604$1,306$1,153
19 years$2,701$2,209$1,795$1,450$1,164$1,019
20 years$2,539$2,053$1,647$1,313$1,040$902
21 years$2,392$1,912$1,515$1,191$931$800
22 years$2,260$1,785$1,397$1,083$834$711
23 years$2,139$1,670$1,289$987$749$633
24 years$2,028$1,564$1,193$900$673$564
25 years$1,926$1,468$1,105$822$606$502
26 years$1,832$1,380$1,024$751$546$448
27 years$1,745$1,298$951$688$492$401
28 years$1,665$1,224$884$630$444$358
29 years$1,590$1,154$823$578$401$320
30 years$1,521$1,090$767$530$362$287
31 years$1,456$1,030$715$487$327$257
32 years$1,395$975$667$448$296$230
33 years$1,338$923$623$412$268$206
34 years$1,284$875$582$379$243$185
35 years$1,234$830$544$349$220$166
36 years$1,186$788$509$321$199$149
37 years$1,142$748$476$296$180$133
38 years$1,099$711$446$273$164$120
39 years$1,059$676$418$251$148$107
40 years$1,021$643$392$232$135$96
41 years$985$612$367$214$122$87
42 years$951$583$344$197$111$78
43 years$919$556$323$182$101$70
44 years$888$530$303$168$91$63
45 years$858$505$285$155$83$56
46 years$830$482$268$144$75$51
47 years$803$460$251$133$68$46
48 years$777$439$236$123$62$41
49 years$753$419$222$113$56$37
50 years$729$400$209$105$51$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $747,000, adding $3,680 every year, while hoping to spend $37,264 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: 33/50/17 Blend
49$747,000$747,000$747,000$747,000
50$826,990$787,399$775,820$849,799
51$871,694$786,333$762,162$865,872
52$919,710$783,966$746,797$879,472
53$971,334$780,194$729,629$893,333
54$1,026,896$774,909$710,556$907,500
55$1,086,754$767,994$689,475$922,025
56$1,151,303$759,327$666,273$936,967
57$1,220,978$748,776$640,835$952,395
58$1,296,256$736,204$613,041$968,389
59$1,377,660$721,464$582,764$985,041
60$1,465,767$704,401$549,872$1,002,456
61$1,561,210$684,851$514,228$1,020,754
62$1,664,685$662,641$475,686$1,040,071
63$1,776,957$637,585$434,096$1,060,563
64$1,898,870$609,489$389,301$1,082,407
65$2,031,348$578,148$341,136$1,105,803
66$2,175,411$543,342$289,430$1,130,976
67$2,332,180$504,843$234,002$1,158,182
68$2,502,888$462,406$174,667$1,187,709
69$2,688,892$415,773$111,228$1,219,882
70$2,891,685$364,673$43,480$1,255,064
71$3,112,913$308,817$0$1,293,666
72$3,354,383$247,902$0$1,341,374
73$3,618,087$181,607$0$1,402,233
74$3,906,219$109,592$0$1,468,967
75$4,221,191$31,500$0$1,542,266
76$4,565,661$0$0$1,622,897
77$4,942,556$0$0$1,740,901
78$5,355,096$0$0$1,889,145
79$5,806,830$0$0$2,051,587
80$6,301,665$0$0$2,229,644
81$6,843,902$0$0$2,424,881
82$7,438,282$0$0$2,639,018
83$8,090,021$0$0$2,873,951
84$8,804,868$0$0$3,131,768
85$9,589,154$0$0$3,414,770
86$10,449,853$0$0$3,725,490
87$11,394,644$0$0$4,066,720
88$12,431,990$0$0$4,441,534
89$13,571,211$0$0$4,853,319
90$14,822,574$0$0$5,305,807
91$16,197,389$0$0$5,803,108
92$17,708,117$0$0$6,349,752
93$19,368,485$0$0$6,950,727
94$21,193,616$0$0$7,611,530
95$23,200,171$0$0$8,338,218
96$25,406,506$0$0$9,137,463
97$27,832,845$0$0$10,016,617
98$30,501,469$0$0$10,983,779
99$33,436,927$0$0$12,047,873
100$36,666,268$0$0$13,218,734