Can I retire at age 50 with 753,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $753,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$62,182$61,628$61,088$60,560$60,045$58,546
2 years$30,783$30,210$29,654$29,116$28,593$27,092
3 years$20,318$19,742$19,188$18,655$18,141$16,685
4 years$15,087$14,513$13,964$13,440$12,938$11,539
5 years$11,949$11,378$10,837$10,323$9,835$8,496
6 years$9,857$9,291$8,758$8,255$7,782$6,505
7 years$8,364$7,803$7,278$6,787$6,329$5,114
8 years$7,245$6,688$6,172$5,694$5,251$4,096
9 years$6,375$5,823$5,316$4,850$4,422$3,328
10 years$5,679$5,133$4,635$4,180$3,768$2,732
11 years$5,110$4,570$4,080$3,638$3,240$2,263
12 years$4,636$4,101$3,621$3,191$2,808$1,886
13 years$4,236$3,707$3,235$2,817$2,449$1,581
14 years$3,893$3,369$2,907$2,501$2,146$1,331
15 years$3,596$3,078$2,624$2,230$1,890$1,124
16 years$3,336$2,824$2,379$1,997$1,670$952
17 years$3,107$2,601$2,165$1,794$1,481$809
18 years$2,904$2,403$1,977$1,617$1,317$689
19 years$2,722$2,227$1,809$1,461$1,174$587
20 years$2,559$2,070$1,661$1,323$1,048$501
21 years$2,412$1,928$1,527$1,201$938$429
22 years$2,278$1,799$1,408$1,092$841$367
23 years$2,156$1,683$1,300$995$755$314
24 years$2,044$1,577$1,202$907$678$270
25 years$1,941$1,480$1,113$828$611$231
26 years$1,847$1,391$1,033$757$550$198
27 years$1,759$1,309$959$693$496$170
28 years$1,678$1,233$891$635$447$146
29 years$1,603$1,164$830$583$404$126
30 years$1,533$1,099$773$535$365$108
31 years$1,467$1,039$720$491$330$93
32 years$1,406$983$672$451$299$80
33 years$1,349$931$628$415$270$69
34 years$1,295$882$586$382$245$59
35 years$1,244$837$548$351$222$51
36 years$1,196$794$513$324$201$44
37 years$1,151$754$480$298$182$38
38 years$1,108$717$449$275$165$33
39 years$1,068$682$421$253$150$28
40 years$1,029$649$395$234$136$24
41 years$993$617$370$216$123$21
42 years$959$588$347$199$112$18
43 years$926$560$326$184$101$15
44 years$895$534$306$170$92$13
45 years$865$509$287$157$84$11
46 years$837$486$270$145$76$10
47 years$809$464$253$134$69$8
48 years$784$443$238$124$63$7
49 years$759$423$224$114$57$6
50 years$735$404$210$106$52$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $753,000, adding $5,915 every year, while hoping to spend $45,996 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: 49/46/5 Blend
49$753,000$753,000$753,000$753,000
50$835,907$795,998$784,327$875,552
51$872,230$786,063$761,662$893,284
52$910,717$774,099$736,697$907,117
53$951,539$759,959$709,305$921,039
54$994,885$743,485$679,356$935,070
55$1,040,960$724,513$646,711$949,233
56$1,089,989$702,865$611,227$963,558
57$1,142,219$678,357$572,755$978,081
58$1,197,920$650,791$531,136$992,844
59$1,257,387$619,959$486,208$1,007,897
60$1,320,944$585,640$437,800$1,023,302
61$1,388,945$547,602$385,732$1,039,127
62$1,461,781$505,598$329,817$1,055,454
63$1,539,878$459,367$269,861$1,072,380
64$1,623,704$408,634$205,659$1,090,012
65$1,713,773$353,109$137,000$1,108,477
66$1,810,649$292,482$63,661$1,127,920
67$1,914,952$226,431$0$1,148,508
68$2,027,361$154,610$0$1,171,207
69$2,148,625$76,659$0$1,199,131
70$2,279,563$0$0$1,229,138
71$2,421,078$0$0$1,265,472
72$2,574,161$0$0$1,346,815
73$2,739,902$0$0$1,434,951
74$2,919,498$0$0$1,530,527
75$3,114,267$0$0$1,634,251
76$3,325,658$0$0$1,746,905
77$3,555,263$0$0$1,869,347
78$3,804,835$0$0$2,002,523
79$4,076,302$0$0$2,147,471
80$4,371,784$0$0$2,305,336
81$4,693,617$0$0$2,477,375
82$5,044,367$0$0$2,664,975
83$5,426,862$0$0$2,869,660
84$5,844,213$0$0$3,093,108
85$6,299,843$0$0$3,337,166
86$6,797,522$0$0$3,603,867
87$7,341,401$0$0$3,895,451
88$7,936,046$0$0$4,214,382
89$8,586,489$0$0$4,563,374
90$9,298,268$0$0$4,945,416
91$10,077,481$0$0$5,363,798
92$10,930,843$0$0$5,822,144
93$11,865,750$0$0$6,324,446
94$12,890,346$0$0$6,875,099
95$14,013,602$0$0$7,478,943
96$15,245,395$0$0$8,141,311
97$16,596,607$0$0$8,868,075
98$18,079,222$0$0$9,665,704
99$19,706,442$0$0$10,541,324
100$21,492,807$0$0$11,502,783