Can I retire at age 50 with 754,000?

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 $754,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$62,265$61,710$61,169$60,641$60,125$59,325
2 years$30,824$30,250$29,694$29,154$28,631$27,826
3 years$20,345$19,769$19,214$18,679$18,165$17,380
4 years$15,107$14,532$13,983$13,457$12,955$12,197
5 years$11,965$11,393$10,851$10,337$9,848$9,118
6 years$9,871$9,304$8,769$8,266$7,793$7,092
7 years$8,375$7,813$7,287$6,796$6,338$5,667
8 years$7,254$6,697$6,180$5,701$5,258$4,616
9 years$6,383$5,831$5,323$4,856$4,428$3,816
10 years$5,686$5,140$4,641$4,186$3,773$3,190
11 years$5,117$4,576$4,086$3,643$3,245$2,690
12 years$4,642$4,107$3,626$3,195$2,812$2,285
13 years$4,241$3,711$3,240$2,821$2,452$1,952
14 years$3,898$3,374$2,911$2,504$2,149$1,676
15 years$3,600$3,082$2,628$2,233$1,892$1,444
16 years$3,341$2,828$2,383$2,000$1,672$1,249
17 years$3,111$2,604$2,168$1,797$1,483$1,083
18 years$2,908$2,406$1,979$1,619$1,319$942
19 years$2,726$2,230$1,812$1,463$1,175$820
20 years$2,563$2,072$1,663$1,325$1,050$716
21 years$2,415$1,930$1,530$1,203$939$626
22 years$2,281$1,802$1,410$1,093$842$548
23 years$2,159$1,685$1,302$996$756$480
24 years$2,047$1,579$1,204$908$679$421
25 years$1,944$1,482$1,115$829$611$370
26 years$1,849$1,393$1,034$758$551$325
27 years$1,762$1,311$960$694$496$285
28 years$1,681$1,235$893$636$448$251
29 years$1,605$1,165$831$583$405$221
30 years$1,535$1,100$774$535$366$195
31 years$1,469$1,040$721$492$330$171
32 years$1,408$984$673$452$299$151
33 years$1,350$932$628$415$271$133
34 years$1,296$883$587$382$245$117
35 years$1,245$838$549$352$222$103
36 years$1,198$795$514$324$201$91
37 years$1,152$755$481$299$182$81
38 years$1,110$718$450$275$165$71
39 years$1,069$683$422$254$150$63
40 years$1,031$649$395$234$136$55
41 years$994$618$371$216$123$49
42 years$960$589$348$199$112$43
43 years$927$561$326$184$101$38
44 years$896$535$306$170$92$34
45 years$866$510$288$157$84$30
46 years$838$486$270$145$76$26
47 years$811$464$254$134$69$23
48 years$785$443$238$124$63$20
49 years$760$423$224$114$57$18
50 years$736$404$211$106$52$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $754,000, adding $5,571 every year, while hoping to spend $53,500 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: 51/37/12 Blend
49$754,000$754,000$754,000$754,000
50$836,654$796,692$785,005$876,367
51$865,070$778,807$754,380$886,245
52$894,590$758,252$720,935$890,843
53$925,272$734,840$684,520$894,621
54$957,176$708,373$644,977$897,516
55$990,366$678,641$602,142$899,463
56$1,024,911$645,423$555,842$900,394
57$1,060,886$608,482$505,896$900,236
58$1,098,371$567,572$452,118$898,916
59$1,137,451$522,430$394,311$896,354
60$1,178,220$472,778$332,269$892,471
61$1,220,776$418,322$265,778$887,183
62$1,265,228$358,752$194,614$880,401
63$1,311,692$293,742$118,545$872,035
64$1,360,294$222,945$37,325$861,992
65$1,411,170$145,995$0$850,174
66$1,464,467$62,506$0$842,802
67$1,520,345$0$0$838,964
68$1,578,978$0$0$845,177
69$1,640,553$0$0$878,453
70$1,705,275$0$0$913,456
71$1,773,366$0$0$950,309
72$1,845,069$0$0$989,147
73$1,920,646$0$0$1,030,116
74$2,000,384$0$0$1,073,377
75$2,084,597$0$0$1,119,103
76$2,173,624$0$0$1,167,485
77$2,267,839$0$0$1,218,731
78$2,367,648$0$0$1,273,066
79$2,473,495$0$0$1,330,740
80$2,585,865$0$0$1,392,023
81$2,705,289$0$0$1,457,211
82$2,832,347$0$0$1,526,629
83$2,967,676$0$0$1,600,633
84$3,111,971$0$0$1,679,611
85$3,265,995$0$0$1,763,989
86$3,430,581$0$0$1,854,236
87$3,606,647$0$0$1,950,863
88$3,795,194$0$0$2,054,432
89$3,997,325$0$0$2,165,559
90$4,214,246$0$0$2,284,921
91$4,447,282$0$0$2,413,260
92$4,697,889$0$0$2,551,391
93$4,967,662$0$0$2,700,208
94$5,258,356$0$0$2,860,694
95$5,571,897$0$0$3,033,930
96$5,910,400$0$0$3,221,102
97$6,276,190$0$0$3,423,512
98$6,671,824$0$0$3,642,596
99$7,100,109$0$0$3,879,927
100$7,564,134$0$0$4,137,238