Can I retire at age 50 with 756,000?

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 $756,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$62,430$61,874$61,331$60,802$60,285$59,630
2 years$30,906$30,330$29,772$29,232$28,707$28,048
3 years$20,399$19,821$19,265$18,729$18,213$17,570
4 years$15,147$14,571$14,020$13,493$12,990$12,368
5 years$11,996$11,424$10,880$10,364$9,874$9,275
6 years$9,897$9,328$8,793$8,288$7,813$7,237
7 years$8,398$7,834$7,307$6,814$6,354$5,802
8 years$7,274$6,715$6,197$5,716$5,272$4,743
9 years$6,400$5,847$5,337$4,869$4,439$3,934
10 years$5,701$5,154$4,653$4,197$3,783$3,301
11 years$5,130$4,588$4,096$3,653$3,253$2,794
12 years$4,655$4,118$3,636$3,204$2,819$2,382
13 years$4,253$3,721$3,248$2,829$2,458$2,043
14 years$3,908$3,383$2,918$2,511$2,155$1,761
15 years$3,610$3,090$2,635$2,239$1,897$1,524
16 years$3,349$2,835$2,389$2,005$1,677$1,323
17 years$3,120$2,611$2,174$1,802$1,487$1,153
18 years$2,916$2,413$1,984$1,624$1,322$1,006
19 years$2,733$2,236$1,817$1,467$1,178$881
20 years$2,569$2,078$1,667$1,329$1,053$772
21 years$2,421$1,935$1,534$1,206$942$678
22 years$2,287$1,807$1,413$1,096$844$596
23 years$2,164$1,690$1,305$998$758$525
24 years$2,052$1,583$1,207$911$681$462
25 years$1,949$1,486$1,118$832$613$408
26 years$1,854$1,396$1,037$760$552$360
27 years$1,766$1,314$963$696$498$318
28 years$1,685$1,238$895$638$449$281
29 years$1,609$1,168$833$585$406$249
30 years$1,539$1,103$776$537$366$220
31 years$1,473$1,043$723$493$331$195
32 years$1,412$987$675$453$300$172
33 years$1,354$935$630$417$271$153
34 years$1,300$886$589$383$246$135
35 years$1,249$840$550$353$222$120
36 years$1,201$797$515$325$202$106
37 years$1,155$757$482$299$183$94
38 years$1,113$720$451$276$166$84
39 years$1,072$684$423$254$150$74
40 years$1,034$651$396$235$136$66
41 years$997$620$372$217$124$58
42 years$962$590$349$200$112$52
43 years$930$562$327$184$102$46
44 years$898$536$307$170$92$41
45 years$868$511$288$157$84$36
46 years$840$488$271$145$76$32
47 years$813$465$254$134$69$29
48 years$787$444$239$124$63$25
49 years$762$424$225$115$57$22
50 years$738$405$211$106$52$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $756,000, adding $4,032 every year, while hoping to spend $57,888 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: 59/13/28 Blend
49$756,000$756,000$756,000$756,000
50$837,271$797,203$785,485$880,079
51$861,080$774,674$750,206$887,271
52$885,378$749,100$711,806$888,616
53$910,153$720,272$670,117$888,881
54$935,390$687,967$624,968$887,976
55$961,072$651,950$576,177$885,805
56$987,178$611,972$523,555$882,266
57$1,013,681$567,769$466,905$877,248
58$1,040,549$519,063$406,020$870,634
59$1,067,748$465,560$340,684$862,298
60$1,095,235$406,949$270,674$852,106
61$1,122,961$342,901$195,753$839,912
62$1,150,869$273,069$115,676$825,563
63$1,178,894$197,087$30,189$808,892
64$1,206,964$114,566$0$789,720
65$1,234,992$25,098$0$786,095
66$1,262,885$0$0$790,384
67$1,290,533$0$0$803,689
68$1,317,815$0$0$820,312
69$1,344,592$0$0$836,572
70$1,370,710$0$0$852,368
71$1,395,995$0$0$867,584
72$1,420,250$0$0$882,092
73$1,443,259$0$0$895,750
74$1,464,776$0$0$908,397
75$1,484,528$0$0$919,855
76$1,502,211$0$0$929,923
77$1,517,485$0$0$938,380
78$1,529,971$0$0$944,978
79$1,539,249$0$0$949,443
80$1,544,849$0$0$951,466
81$1,546,252$0$0$950,710
82$1,542,878$0$0$946,795
83$1,534,085$0$0$939,303
84$1,519,161$0$0$927,769
85$1,497,316$0$0$911,677
86$1,467,674$0$0$890,456
87$1,429,264$0$0$863,473
88$1,381,010$0$0$830,026
89$1,321,722$0$0$789,340
90$1,250,081$0$0$740,556
91$1,164,631$0$0$682,722
92$1,063,755$0$0$614,789
93$945,672$0$0$535,592
94$808,406$0$0$443,848
95$649,777$0$0$338,135
96$467,373$0$0$216,883
97$258,530$0$0$78,357
98$20,306$0$0$0
99$0$0$0$0
100$0$0$0$0