Can I retire at age 50 with 768,000?

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 $768,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$63,421$62,856$62,305$61,767$61,241$59,980
2 years$31,396$30,812$30,245$29,696$29,163$27,898
3 years$20,723$20,136$19,571$19,026$18,502$17,273
4 years$15,387$14,802$14,242$13,707$13,196$12,012
5 years$12,187$11,605$11,053$10,529$10,031$8,896
6 years$10,054$9,476$8,932$8,420$7,937$6,852
7 years$8,531$7,958$7,423$6,922$6,455$5,420
8 years$7,389$6,822$6,295$5,807$5,355$4,370
9 years$6,502$5,939$5,422$4,946$4,510$3,573
10 years$5,792$5,235$4,727$4,264$3,843$2,954
11 years$5,212$4,661$4,162$3,711$3,305$2,463
12 years$4,729$4,183$3,693$3,255$2,864$2,068
13 years$4,320$3,780$3,300$2,873$2,497$1,746
14 years$3,970$3,436$2,965$2,551$2,189$1,481
15 years$3,667$3,139$2,677$2,275$1,927$1,261
16 years$3,403$2,880$2,427$2,037$1,704$1,077
17 years$3,169$2,652$2,208$1,830$1,510$922
18 years$2,962$2,451$2,016$1,649$1,343$791
19 years$2,777$2,272$1,846$1,490$1,197$680
20 years$2,610$2,111$1,694$1,350$1,069$585
21 years$2,460$1,966$1,558$1,225$957$505
22 years$2,323$1,835$1,436$1,114$858$436
23 years$2,199$1,717$1,326$1,014$770$377
24 years$2,085$1,608$1,226$925$692$326
25 years$1,980$1,509$1,136$845$623$282
26 years$1,884$1,418$1,053$773$561$244
27 years$1,794$1,335$978$707$506$212
28 years$1,712$1,258$909$648$456$183
29 years$1,635$1,187$846$594$412$159
30 years$1,563$1,121$788$545$372$138
31 years$1,496$1,059$735$501$337$120
32 years$1,434$1,002$685$460$304$104
33 years$1,375$949$640$423$276$90
34 years$1,320$900$598$389$249$78
35 years$1,269$853$559$358$226$68
36 years$1,220$810$523$330$205$59
37 years$1,174$769$490$304$186$51
38 years$1,130$731$458$280$168$45
39 years$1,089$695$430$259$153$39
40 years$1,050$661$403$238$138$34
41 years$1,013$630$377$220$126$29
42 years$978$600$354$203$114$25
43 years$944$571$332$187$103$22
44 years$912$545$312$173$94$19
45 years$882$519$293$160$85$17
46 years$853$495$275$148$77$15
47 years$826$473$258$136$70$13
48 years$799$451$243$126$64$11
49 years$774$431$228$116$58$10
50 years$750$412$215$108$53$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $768,000, adding $6,355 every year, while hoping to spend $34,498 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: 41/42/17 Blend
49$768,000$768,000$768,000$768,000
50$852,891$812,187$800,283$883,346
51$903,180$815,279$790,387$908,637
52$957,443$817,366$779,003$932,152
53$1,016,048$818,362$766,045$956,874
54$1,079,400$818,177$751,423$982,931
55$1,147,945$816,714$735,042$1,010,465
56$1,222,173$813,870$716,803$1,039,635
57$1,302,622$809,537$696,604$1,070,617
58$1,389,884$803,599$674,334$1,103,610
59$1,484,610$795,933$649,883$1,138,833
60$1,587,516$786,410$623,130$1,176,533
61$1,699,390$774,892$593,952$1,216,983
62$1,821,099$761,233$562,221$1,260,488
63$1,953,596$745,278$527,800$1,307,386
64$2,097,930$726,864$490,548$1,358,056
65$2,255,255$705,817$450,318$1,412,915
66$2,426,843$681,953$406,956$1,472,431
67$2,614,092$655,080$360,299$1,537,122
68$2,818,541$624,990$310,181$1,607,563
69$3,041,885$591,468$256,425$1,684,394
70$3,285,989$554,282$198,847$1,768,323
71$3,552,908$513,189$137,256$1,860,138
72$3,844,902$467,933$71,452$1,960,713
73$4,164,462$418,242$1,226$2,071,017
74$4,514,330$363,828$0$2,192,123
75$4,897,525$304,389$0$2,338,593
76$5,317,371$239,603$0$2,499,483
77$5,777,532$169,132$0$2,676,075
78$6,282,039$92,619$0$2,870,032
79$6,835,334$9,685$0$3,083,196
80$7,442,311$0$0$3,317,600
81$8,108,357$0$0$3,612,499
82$8,839,407$0$0$3,941,195
83$9,642,001$0$0$4,302,165
84$10,523,340$0$0$4,698,662
85$11,491,358$0$0$5,134,268
86$12,554,795$0$0$5,612,931
87$13,723,280$0$0$6,138,999
88$15,007,418$0$0$6,717,262
89$16,418,896$0$0$7,352,999
90$17,970,587$0$0$8,052,025
91$19,676,675$0$0$8,820,745
92$21,552,787$0$0$9,666,218
93$23,616,138$0$0$10,596,221
94$25,885,697$0$0$11,619,322
95$28,382,364$0$0$12,744,961
96$31,129,166$0$0$13,983,539
97$34,151,472$0$0$15,346,519
98$37,477,239$0$0$16,846,527
99$41,137,267$0$0$18,497,478
100$45,165,494$0$0$20,314,703