Can I retire at age 50 with 753,000?

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 $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%14.5%
1 years$62,182$61,628$61,088$60,560$60,045$58,929
2 years$30,783$30,210$29,654$29,116$28,593$27,473
3 years$20,318$19,742$19,188$18,655$18,141$17,051
4 years$15,087$14,513$13,964$13,440$12,938$11,888
5 years$11,949$11,378$10,837$10,323$9,835$8,827
6 years$9,857$9,291$8,758$8,255$7,782$6,817
7 years$8,364$7,803$7,278$6,787$6,329$5,408
8 years$7,245$6,688$6,172$5,694$5,251$4,372
9 years$6,375$5,823$5,316$4,850$4,422$3,586
10 years$5,679$5,133$4,635$4,180$3,768$2,974
11 years$5,110$4,570$4,080$3,638$3,240$2,488
12 years$4,636$4,101$3,621$3,191$2,808$2,095
13 years$4,236$3,707$3,235$2,817$2,449$1,775
14 years$3,893$3,369$2,907$2,501$2,146$1,510
15 years$3,596$3,078$2,624$2,230$1,890$1,290
16 years$3,336$2,824$2,379$1,997$1,670$1,106
17 years$3,107$2,601$2,165$1,794$1,481$950
18 years$2,904$2,403$1,977$1,617$1,317$818
19 years$2,722$2,227$1,809$1,461$1,174$706
20 years$2,559$2,070$1,661$1,323$1,048$610
21 years$2,412$1,928$1,527$1,201$938$528
22 years$2,278$1,799$1,408$1,092$841$458
23 years$2,156$1,683$1,300$995$755$397
24 years$2,044$1,577$1,202$907$678$345
25 years$1,941$1,480$1,113$828$611$300
26 years$1,847$1,391$1,033$757$550$260
27 years$1,759$1,309$959$693$496$227
28 years$1,678$1,233$891$635$447$197
29 years$1,603$1,164$830$583$404$172
30 years$1,533$1,099$773$535$365$150
31 years$1,467$1,039$720$491$330$130
32 years$1,406$983$672$451$299$114
33 years$1,349$931$628$415$270$99
34 years$1,295$882$586$382$245$86
35 years$1,244$837$548$351$222$75
36 years$1,196$794$513$324$201$66
37 years$1,151$754$480$298$182$57
38 years$1,108$717$449$275$165$50
39 years$1,068$682$421$253$150$44
40 years$1,029$649$395$234$136$38
41 years$993$617$370$216$123$33
42 years$959$588$347$199$112$29
43 years$926$560$326$184$101$25
44 years$895$534$306$170$92$22
45 years$865$509$287$157$84$19
46 years$837$486$270$145$76$17
47 years$809$464$253$134$69$15
48 years$784$443$238$124$63$13
49 years$759$423$224$114$57$11
50 years$735$404$210$106$52$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $753,000, adding $6,855 every year, while hoping to spend $53,513 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: 38/36/26 Blend
49$753,000$753,000$753,000$753,000
50$836,877$796,968$785,296$861,974
51$865,301$779,082$754,666$863,060
52$894,831$758,526$721,217$858,791
53$925,522$735,113$684,797$853,136
54$957,436$708,644$645,248$846,002
55$990,637$678,910$602,406$837,292
56$1,025,194$645,688$556,099$826,906
57$1,061,182$608,745$506,145$814,739
58$1,098,679$567,830$452,359$800,678
59$1,137,773$522,683$394,541$784,608
60$1,178,556$473,024$332,489$766,409
61$1,221,128$418,562$265,986$745,954
62$1,265,597$358,985$194,810$723,110
63$1,312,079$293,966$118,727$697,741
64$1,360,699$223,159$37,493$669,703
65$1,411,595$146,198$0$638,846
66$1,464,913$62,697$0$618,665
67$1,520,814$0$0$607,336
68$1,579,471$0$0$605,349
69$1,641,073$0$0$629,379
70$1,705,823$0$0$654,672
71$1,773,944$0$0$681,320
72$1,845,679$0$0$709,421
73$1,921,291$0$0$739,085
74$2,001,067$0$0$770,429
75$2,085,320$0$0$803,584
76$2,174,392$0$0$838,689
77$2,268,654$0$0$875,898
78$2,368,514$0$0$915,381
79$2,474,416$0$0$957,320
80$2,586,846$0$0$1,001,917
81$2,706,335$0$0$1,049,392
82$2,833,464$0$0$1,099,985
83$2,968,870$0$0$1,153,961
84$3,113,248$0$0$1,211,608
85$3,267,362$0$0$1,273,244
86$3,432,047$0$0$1,339,215
87$3,608,219$0$0$1,409,903
88$3,796,884$0$0$1,485,724
89$3,999,142$0$0$1,567,137
90$4,216,202$0$0$1,654,646
91$4,449,390$0$0$1,748,801
92$4,700,162$0$0$1,850,210
93$4,970,117$0$0$1,959,538
94$5,261,008$0$0$2,077,517
95$5,574,765$0$0$2,204,950
96$5,913,505$0$0$2,342,720
97$6,279,555$0$0$2,491,798
98$6,675,472$0$0$2,653,251
99$7,104,068$0$0$2,828,251
100$7,568,433$0$0$3,018,090