Can I retire at age 50 with 748,000?

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 $748,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$61,769$61,219$60,682$60,158$59,647$58,538
2 years$30,579$30,009$29,457$28,922$28,403$27,290
3 years$20,183$19,611$19,061$18,531$18,020$16,938
4 years$14,987$14,416$13,871$13,350$12,852$11,809
5 years$11,869$11,303$10,765$10,254$9,770$8,769
6 years$9,792$9,229$8,700$8,200$7,731$6,772
7 years$8,309$7,751$7,229$6,742$6,287$5,372
8 years$7,197$6,644$6,131$5,656$5,216$4,343
9 years$6,332$5,785$5,281$4,817$4,392$3,563
10 years$5,641$5,099$4,604$4,153$3,743$2,954
11 years$5,076$4,539$4,053$3,614$3,219$2,471
12 years$4,605$4,074$3,597$3,170$2,789$2,082
13 years$4,208$3,682$3,214$2,799$2,432$1,763
14 years$3,867$3,347$2,888$2,484$2,132$1,500
15 years$3,572$3,057$2,607$2,216$1,877$1,282
16 years$3,314$2,805$2,364$1,984$1,659$1,098
17 years$3,087$2,583$2,151$1,782$1,471$944
18 years$2,885$2,387$1,963$1,606$1,308$813
19 years$2,704$2,212$1,797$1,451$1,166$701
20 years$2,542$2,056$1,650$1,315$1,041$606
21 years$2,396$1,915$1,517$1,193$932$525
22 years$2,263$1,788$1,398$1,085$835$455
23 years$2,141$1,672$1,291$988$750$394
24 years$2,030$1,566$1,194$901$674$342
25 years$1,928$1,470$1,106$823$606$298
26 years$1,834$1,382$1,026$752$546$259
27 years$1,748$1,300$953$689$493$225
28 years$1,667$1,225$886$631$444$196
29 years$1,592$1,156$824$579$401$171
30 years$1,523$1,092$768$531$363$149
31 years$1,458$1,032$716$488$328$130
32 years$1,397$976$668$448$297$113
33 years$1,340$925$623$412$268$98
34 years$1,286$876$582$379$243$86
35 years$1,236$831$545$349$220$75
36 years$1,188$789$509$322$199$65
37 years$1,143$749$477$296$181$57
38 years$1,101$712$447$273$164$50
39 years$1,061$677$418$252$149$43
40 years$1,023$644$392$232$135$38
41 years$987$613$368$214$122$33
42 years$952$584$345$198$111$29
43 years$920$556$324$183$101$25
44 years$889$530$304$169$91$22
45 years$859$506$285$156$83$19
46 years$831$483$268$144$75$17
47 years$804$460$252$133$68$15
48 years$778$440$237$123$62$13
49 years$754$420$222$113$56$11
50 years$730$401$209$105$51$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $748,000, adding $4,138 every year, while hoping to spend $51,217 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: 61/31/8 Blend
49$748,000$748,000$748,000$748,000
50$828,564$788,920$777,326$877,454
51$858,583$773,083$748,872$894,837
52$889,948$754,753$717,748$907,524
53$922,741$733,754$683,811$920,076
54$957,052$709,900$646,911$932,479
55$992,979$682,993$606,890$944,722
56$1,030,628$652,824$563,586$956,794
57$1,070,112$619,173$516,826$968,688
58$1,111,556$581,805$466,432$980,394
59$1,155,094$540,473$412,217$991,909
60$1,200,874$494,915$353,986$1,003,230
61$1,249,053$444,857$291,535$1,014,357
62$1,299,806$390,004$224,651$1,025,294
63$1,353,322$330,050$153,112$1,036,050
64$1,409,805$264,667$76,686$1,046,638
65$1,469,481$193,511$0$1,057,077
66$1,532,594$116,219$0$1,067,808
67$1,599,410$32,406$0$1,085,462
68$1,670,223$0$0$1,103,549
69$1,745,350$0$0$1,142,043
70$1,825,141$0$0$1,194,696
71$1,909,975$0$0$1,250,710
72$2,000,271$0$0$1,310,362
73$2,096,485$0$0$1,373,960
74$2,199,116$0$0$1,441,837
75$2,308,712$0$0$1,514,362
76$2,425,874$0$0$1,591,936
77$2,551,259$0$0$1,675,000
78$2,685,588$0$0$1,764,039
79$2,829,654$0$0$1,859,583
80$2,984,323$0$0$1,962,214
81$3,150,549$0$0$2,072,571
82$3,329,377$0$0$2,191,356
83$3,521,956$0$0$2,319,340
84$3,729,548$0$0$2,457,369
85$3,953,536$0$0$2,606,373
86$4,195,445$0$0$2,767,374
87$4,456,945$0$0$2,941,493
88$4,739,876$0$0$3,129,967
89$5,046,257$0$0$3,334,150
90$5,378,312$0$0$3,555,535
91$5,738,481$0$0$3,795,762
92$6,129,454$0$0$4,056,636
93$6,554,183$0$0$4,340,141
94$7,015,919$0$0$4,648,460
95$7,518,239$0$0$4,983,994
96$8,065,077$0$0$5,349,387
97$8,660,761$0$0$5,747,546
98$9,310,056$0$0$6,181,671
99$10,018,204$0$0$6,655,286
100$10,790,978$0$0$7,172,267