Can I retire at age 50 with 754,000?

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 $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%12%
1 years$62,265$61,710$61,169$60,641$60,125$59,621
2 years$30,824$30,250$29,694$29,154$28,631$28,123
3 years$20,345$19,769$19,214$18,679$18,165$17,669
4 years$15,107$14,532$13,983$13,457$12,955$12,475
5 years$11,965$11,393$10,851$10,337$9,848$9,385
6 years$9,871$9,304$8,769$8,266$7,793$7,347
7 years$8,375$7,813$7,287$6,796$6,338$5,910
8 years$7,254$6,697$6,180$5,701$5,258$4,847
9 years$6,383$5,831$5,323$4,856$4,428$4,035
10 years$5,686$5,140$4,641$4,186$3,773$3,397
11 years$5,117$4,576$4,086$3,643$3,245$2,887
12 years$4,642$4,107$3,626$3,195$2,812$2,471
13 years$4,241$3,711$3,240$2,821$2,452$2,127
14 years$3,898$3,374$2,911$2,504$2,149$1,841
15 years$3,600$3,082$2,628$2,233$1,892$1,599
16 years$3,341$2,828$2,383$2,000$1,672$1,395
17 years$3,111$2,604$2,168$1,797$1,483$1,220
18 years$2,908$2,406$1,979$1,619$1,319$1,069
19 years$2,726$2,230$1,812$1,463$1,175$940
20 years$2,563$2,072$1,663$1,325$1,050$827
21 years$2,415$1,930$1,530$1,203$939$730
22 years$2,281$1,802$1,410$1,093$842$645
23 years$2,159$1,685$1,302$996$756$570
24 years$2,047$1,579$1,204$908$679$505
25 years$1,944$1,482$1,115$829$611$447
26 years$1,849$1,393$1,034$758$551$397
27 years$1,762$1,311$960$694$496$352
28 years$1,681$1,235$893$636$448$313
29 years$1,605$1,165$831$583$405$278
30 years$1,535$1,100$774$535$366$247
31 years$1,469$1,040$721$492$330$220
32 years$1,408$984$673$452$299$196
33 years$1,350$932$628$415$271$174
34 years$1,296$883$587$382$245$155
35 years$1,245$838$549$352$222$138
36 years$1,198$795$514$324$201$123
37 years$1,152$755$481$299$182$110
38 years$1,110$718$450$275$165$98
39 years$1,069$683$422$254$150$87
40 years$1,031$649$395$234$136$78
41 years$994$618$371$216$123$69
42 years$960$589$348$199$112$62
43 years$927$561$326$184$101$55
44 years$896$535$306$170$92$49
45 years$866$510$288$157$84$44
46 years$838$486$270$145$76$39
47 years$811$464$254$134$69$35
48 years$785$443$238$124$63$31
49 years$760$423$224$114$57$28
50 years$736$404$211$106$52$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $754,000, adding $4,004 every year, while hoping to spend $41,761 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: 68/10/22 Blend
49$754,000$754,000$754,000$754,000
50$835,038$795,076$783,389$886,930
51$875,779$789,601$765,199$916,713
52$919,275$782,459$745,000$944,080
53$965,764$773,523$722,681$973,023
54$1,015,506$762,659$698,125$1,003,696
55$1,068,786$749,727$671,210$1,036,271
56$1,125,915$734,577$641,809$1,070,937
57$1,187,238$717,051$609,788$1,107,904
58$1,253,129$696,979$575,009$1,147,404
59$1,324,002$674,185$537,326$1,189,697
60$1,400,310$648,480$496,587$1,235,066
61$1,482,552$619,666$452,632$1,283,829
62$1,571,274$587,531$405,297$1,336,336
63$1,667,076$551,852$354,407$1,392,973
64$1,770,620$512,395$299,782$1,454,171
65$1,882,630$468,910$241,231$1,520,404
66$2,003,905$421,133$178,559$1,592,198
67$2,135,321$368,786$111,559$1,670,132
68$2,277,843$311,575$40,015$1,754,852
69$2,432,530$249,190$0$1,847,067
70$2,600,550$181,302$0$1,956,093
71$2,783,184$107,564$0$2,084,849
72$2,981,844$27,610$0$2,224,951
73$3,198,084$0$0$2,377,521
74$3,433,610$0$0$2,550,283
75$3,690,304$0$0$2,741,923
76$3,970,235$0$0$2,950,953
77$4,275,679$0$0$3,179,079
78$4,609,143$0$0$3,428,178
79$4,973,388$0$0$3,700,318
80$5,371,449$0$0$3,997,774
81$5,806,673$0$0$4,323,050
82$6,282,740$0$0$4,678,907
83$6,803,706$0$0$5,068,380
84$7,374,034$0$0$5,494,815
85$7,998,641$0$0$5,961,893
86$8,682,939$0$0$6,473,673
87$9,432,892$0$0$7,034,619
88$10,255,066$0$0$7,649,651
89$11,156,691$0$0$8,324,188
90$12,145,735$0$0$9,064,197
91$13,230,969$0$0$9,876,253
92$14,422,057$0$0$10,767,594
93$15,729,645$0$0$11,746,196
94$17,165,457$0$0$12,820,846
95$18,742,412$0$0$14,001,222
96$20,474,737$0$0$15,297,984
97$22,378,108$0$0$16,722,877
98$24,469,793$0$0$18,288,842
99$26,768,818$0$0$20,010,132
100$29,296,142$0$0$21,902,453