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%15.4%
1 years$63,421$62,856$62,305$61,767$61,241$59,883
2 years$31,396$30,812$30,245$29,696$29,163$27,801
3 years$20,723$20,136$19,571$19,026$18,502$17,179
4 years$15,387$14,802$14,242$13,707$13,196$11,923
5 years$12,187$11,605$11,053$10,529$10,031$8,811
6 years$10,054$9,476$8,932$8,420$7,937$6,772
7 years$8,531$7,958$7,423$6,922$6,455$5,345
8 years$7,389$6,822$6,295$5,807$5,355$4,299
9 years$6,502$5,939$5,422$4,946$4,510$3,507
10 years$5,792$5,235$4,727$4,264$3,843$2,892
11 years$5,212$4,661$4,162$3,711$3,305$2,406
12 years$4,729$4,183$3,693$3,255$2,864$2,014
13 years$4,320$3,780$3,300$2,873$2,497$1,696
14 years$3,970$3,436$2,965$2,551$2,189$1,435
15 years$3,667$3,139$2,677$2,275$1,927$1,218
16 years$3,403$2,880$2,427$2,037$1,704$1,037
17 years$3,169$2,652$2,208$1,830$1,510$885
18 years$2,962$2,451$2,016$1,649$1,343$758
19 years$2,777$2,272$1,846$1,490$1,197$649
20 years$2,610$2,111$1,694$1,350$1,069$557
21 years$2,460$1,966$1,558$1,225$957$479
22 years$2,323$1,835$1,436$1,114$858$412
23 years$2,199$1,717$1,326$1,014$770$355
24 years$2,085$1,608$1,226$925$692$306
25 years$1,980$1,509$1,136$845$623$264
26 years$1,884$1,418$1,053$773$561$228
27 years$1,794$1,335$978$707$506$197
28 years$1,712$1,258$909$648$456$170
29 years$1,635$1,187$846$594$412$147
30 years$1,563$1,121$788$545$372$127
31 years$1,496$1,059$735$501$337$110
32 years$1,434$1,002$685$460$304$95
33 years$1,375$949$640$423$276$82
34 years$1,320$900$598$389$249$71
35 years$1,269$853$559$358$226$62
36 years$1,220$810$523$330$205$53
37 years$1,174$769$490$304$186$46
38 years$1,130$731$458$280$168$40
39 years$1,089$695$430$259$153$35
40 years$1,050$661$403$238$138$30
41 years$1,013$630$377$220$126$26
42 years$978$600$354$203$114$23
43 years$944$571$332$187$103$20
44 years$912$545$312$173$94$17
45 years$882$519$293$160$85$15
46 years$853$495$275$148$77$13
47 years$826$473$258$136$70$11
48 years$799$451$243$126$64$10
49 years$774$431$228$116$58$8
50 years$750$412$215$108$53$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $768,000, adding $4,622 every year, while hoping to spend $48,064 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: 55/32/13 Blend
49$768,000$768,000$768,000$768,000
50$851,104$810,400$798,496$894,808
51$886,776$798,969$774,105$913,572
52$924,477$785,368$747,287$928,376
53$964,361$769,439$717,909$943,382
54$1,006,600$751,015$685,833$958,619
55$1,051,379$729,921$650,914$974,122
56$1,098,902$705,969$613,002$989,931
57$1,149,391$678,963$571,938$1,006,092
58$1,203,089$648,692$527,559$1,022,663
59$1,260,263$614,937$479,691$1,039,707
60$1,321,205$577,464$428,156$1,057,297
61$1,386,233$536,025$372,764$1,075,520
62$1,455,697$490,358$313,320$1,094,474
63$1,529,980$440,188$249,618$1,114,270
64$1,609,504$385,223$181,446$1,135,037
65$1,694,728$325,153$108,579$1,156,920
66$1,786,157$259,653$30,784$1,180,086
67$1,884,348$188,379$0$1,204,723
68$1,989,908$110,966$0$1,238,288
69$2,103,506$27,031$0$1,278,806
70$2,225,876$0$0$1,322,309
71$2,357,823$0$0$1,391,620
72$2,500,234$0$0$1,476,755
73$2,654,081$0$0$1,568,785
74$2,820,434$0$0$1,668,356
75$3,000,466$0$0$1,776,179
76$3,195,471$0$0$1,893,036
77$3,406,869$0$0$2,019,786
78$3,636,221$0$0$2,157,375
79$3,885,246$0$0$2,306,843
80$4,155,832$0$0$2,469,333
81$4,450,058$0$0$2,646,104
82$4,770,211$0$0$2,838,539
83$5,118,806$0$0$3,048,163
84$5,498,612$0$0$3,276,652
85$5,912,675$0$0$3,525,849
86$6,364,348$0$0$3,797,787
87$6,857,323$0$0$4,094,700
88$7,395,660$0$0$4,419,049
89$7,983,834$0$0$4,773,542
90$8,626,766$0$0$5,161,161
91$9,329,878$0$0$5,585,190
92$10,099,137$0$0$6,049,244
93$10,941,115$0$0$6,557,304
94$11,863,049$0$0$7,113,754
95$12,872,908$0$0$7,723,421
96$13,979,466$0$0$8,391,623
97$15,192,390$0$0$9,124,214
98$16,522,323$0$0$9,927,643
99$17,980,988$0$0$10,809,015
100$19,581,299$0$0$11,776,152