Can I retire at age 50 with 749,000?

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 $749,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$61,852$61,301$60,763$60,239$59,726$57,814
2 years$30,620$30,049$29,497$28,961$28,441$26,533
3 years$20,210$19,638$19,086$18,556$18,044$16,199
4 years$15,007$14,436$13,890$13,368$12,869$11,101
5 years$11,885$11,318$10,779$10,268$9,783$8,097
6 years$9,805$9,242$8,711$8,211$7,741$6,139
7 years$8,320$7,761$7,239$6,751$6,295$4,776
8 years$7,206$6,653$6,139$5,663$5,223$3,786
9 years$6,341$5,792$5,288$4,824$4,398$3,042
10 years$5,649$5,106$4,610$4,158$3,748$2,470
11 years$5,083$4,545$4,059$3,619$3,223$2,022
12 years$4,612$4,080$3,602$3,174$2,793$1,665
13 years$4,213$3,687$3,218$2,802$2,436$1,379
14 years$3,872$3,351$2,891$2,488$2,135$1,146
15 years$3,577$3,061$2,611$2,219$1,880$956
16 years$3,318$2,809$2,367$1,986$1,661$800
17 years$3,091$2,587$2,154$1,785$1,473$671
18 years$2,889$2,390$1,966$1,608$1,310$563
19 years$2,708$2,215$1,800$1,453$1,167$474
20 years$2,546$2,059$1,652$1,316$1,043$399
21 years$2,399$1,917$1,519$1,195$933$337
22 years$2,266$1,790$1,400$1,086$836$284
23 years$2,144$1,674$1,293$989$751$240
24 years$2,033$1,568$1,196$902$675$203
25 years$1,931$1,472$1,108$824$607$171
26 years$1,837$1,383$1,027$753$547$145
27 years$1,750$1,302$954$690$493$123
28 years$1,669$1,227$887$632$445$104
29 years$1,594$1,157$825$579$402$88
30 years$1,525$1,093$769$532$363$75
31 years$1,459$1,033$717$488$328$63
32 years$1,399$978$669$449$297$54
33 years$1,341$926$624$413$269$45
34 years$1,288$878$583$380$243$38
35 years$1,237$832$545$350$220$33
36 years$1,190$790$510$322$200$28
37 years$1,145$750$477$297$181$23
38 years$1,102$713$447$273$164$20
39 years$1,062$678$419$252$149$17
40 years$1,024$645$393$233$135$14
41 years$988$614$368$215$122$12
42 years$954$585$345$198$111$10
43 years$921$557$324$183$101$9
44 years$890$531$304$169$92$7
45 years$860$506$286$156$83$6
46 years$832$483$268$144$75$5
47 years$805$461$252$133$68$5
48 years$779$440$237$123$62$4
49 years$755$420$223$114$56$3
50 years$731$402$209$105$51$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $749,000, adding $5,720 every year, while hoping to spend $53,939 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: 38/44/18 Blend
49$749,000$749,000$749,000$749,000
50$831,298$791,601$779,992$858,196
51$858,700$772,999$748,731$859,469
52$887,089$751,677$714,615$855,289
53$916,509$727,446$677,491$849,643
54$947,006$700,105$637,200$842,426
55$978,630$669,439$593,576$833,531
56$1,011,432$635,224$546,443$822,843
57$1,045,470$597,221$495,620$810,242
58$1,080,802$555,179$440,918$795,600
59$1,117,492$508,831$382,136$778,786
60$1,155,607$457,895$319,069$759,658
61$1,195,220$402,073$251,499$738,070
62$1,236,408$341,050$179,200$713,866
63$1,279,255$274,495$101,936$686,885
64$1,323,849$202,055$19,462$656,955
65$1,370,287$123,361$0$623,898
66$1,418,670$38,019$0$600,693
67$1,469,109$0$0$578,822
68$1,521,725$0$0$580,721
69$1,576,644$0$0$601,939
70$1,634,005$0$0$624,123
71$1,693,958$0$0$647,335
72$1,756,665$0$0$671,640
73$1,822,301$0$0$697,111
74$1,891,055$0$0$723,823
75$1,963,133$0$0$751,862
76$2,038,757$0$0$781,318
77$2,118,169$0$0$812,291
78$2,201,633$0$0$844,889
79$2,289,433$0$0$879,229
80$2,381,880$0$0$915,438
81$2,479,313$0$0$953,656
82$2,582,101$0$0$994,035
83$2,690,644$0$0$1,036,741
84$2,805,382$0$0$1,081,953
85$2,926,793$0$0$1,129,871
86$3,055,398$0$0$1,180,710
87$3,191,768$0$0$1,234,705
88$3,336,526$0$0$1,292,115
89$3,490,355$0$0$1,353,221
90$3,653,999$0$0$1,418,335
91$3,828,276$0$0$1,487,792
92$4,014,078$0$0$1,561,966
93$4,212,384$0$0$1,641,261
94$4,424,267$0$0$1,726,124
95$4,650,902$0$0$1,817,042
96$4,893,578$0$0$1,914,552
97$5,153,707$0$0$2,019,241
98$5,432,841$0$0$2,131,755
99$5,732,680$0$0$2,252,802
100$6,055,092$0$0$2,383,159