Can I retire at age 50 with 771,000?

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 $771,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$63,668$63,101$62,548$62,008$61,481$59,921
2 years$31,519$30,932$30,363$29,812$29,276$27,716
3 years$20,804$20,214$19,647$19,101$18,574$17,061
4 years$15,447$14,860$14,298$13,761$13,247$11,793
5 years$12,234$11,650$11,096$10,570$10,070$8,679
6 years$10,093$9,513$8,967$8,453$7,968$6,641
7 years$8,564$7,989$7,452$6,949$6,480$5,218
8 years$7,418$6,848$6,320$5,830$5,376$4,177
9 years$6,527$5,963$5,443$4,966$4,527$3,391
10 years$5,815$5,256$4,745$4,280$3,858$2,783
11 years$5,232$4,679$4,178$3,725$3,318$2,303
12 years$4,747$4,200$3,708$3,268$2,875$1,918
13 years$4,337$3,795$3,313$2,885$2,507$1,607
14 years$3,986$3,450$2,976$2,561$2,198$1,352
15 years$3,682$3,151$2,687$2,284$1,935$1,141
16 years$3,416$2,891$2,436$2,045$1,710$966
17 years$3,182$2,663$2,217$1,837$1,516$820
18 years$2,973$2,461$2,024$1,656$1,348$697
19 years$2,788$2,280$1,853$1,496$1,202$594
20 years$2,620$2,119$1,700$1,355$1,073$507
21 years$2,469$1,974$1,564$1,230$961$433
22 years$2,332$1,842$1,441$1,118$861$371
23 years$2,207$1,723$1,331$1,018$773$317
24 years$2,093$1,615$1,231$929$695$272
25 years$1,988$1,515$1,140$848$625$233
26 years$1,891$1,424$1,057$776$563$200
27 years$1,801$1,340$982$710$508$171
28 years$1,718$1,263$913$650$458$147
29 years$1,641$1,191$849$596$414$126
30 years$1,569$1,125$791$547$374$109
31 years$1,502$1,064$738$503$338$93
32 years$1,440$1,006$688$462$306$80
33 years$1,381$953$643$425$277$69
34 years$1,325$903$600$391$250$59
35 years$1,274$857$561$360$227$51
36 years$1,225$813$525$331$206$44
37 years$1,178$772$491$305$186$38
38 years$1,135$734$460$281$169$32
39 years$1,093$698$431$260$153$28
40 years$1,054$664$404$239$139$24
41 years$1,017$632$379$221$126$21
42 years$982$602$355$204$114$18
43 years$948$574$334$188$104$15
44 years$916$547$313$174$94$13
45 years$886$521$294$160$86$11
46 years$857$497$276$148$78$10
47 years$829$475$259$137$71$8
48 years$802$453$244$127$64$7
49 years$777$433$229$117$58$6
50 years$753$413$215$108$53$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $771,000, adding $6,338 every year, while hoping to spend $27,483 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: 68/14/18 Blend
49$771,000$771,000$771,000$771,000
50$856,180$815,317$803,366$910,237
51$914,268$826,025$801,037$957,848
52$977,361$836,338$797,709$1,006,098
53$1,045,939$846,206$793,319$1,058,199
54$1,120,531$855,577$787,803$1,114,526
55$1,201,722$864,396$781,090$1,175,496
56$1,290,151$872,605$773,110$1,241,568
57$1,386,524$880,140$763,787$1,313,247
58$1,491,617$886,935$753,042$1,391,090
59$1,606,286$892,918$740,792$1,475,712
60$1,731,470$898,015$726,952$1,567,791
61$1,868,206$902,143$711,431$1,668,075
62$2,017,632$905,217$694,133$1,777,386
63$2,181,005$907,147$674,960$1,896,634
64$2,359,705$907,835$653,809$2,026,820
65$2,555,253$907,177$630,571$2,169,051
66$2,769,326$905,066$605,132$2,324,543
67$3,003,768$901,385$577,374$2,494,640
68$3,260,609$896,010$547,173$2,680,824
69$3,542,088$888,811$514,400$2,884,727
70$3,850,668$879,650$478,920$3,108,151
71$4,189,063$868,379$440,590$3,353,081
72$4,560,261$854,843$399,263$3,621,708
73$4,967,555$838,878$354,786$3,916,444
74$5,414,570$820,307$306,996$4,239,951
75$5,905,301$798,947$255,725$4,595,165
76$6,444,147$774,602$200,798$4,985,321
77$7,035,956$747,063$142,030$5,413,987
78$7,686,067$716,112$79,231$5,885,095
79$8,400,360$681,516$12,200$6,402,982
80$9,185,317$643,030$0$6,972,430
81$10,048,074$600,394$0$7,610,104
82$10,996,498$553,333$0$8,313,661
83$12,039,251$501,557$0$9,087,205
84$13,185,880$444,759$0$9,937,844
85$14,446,903$382,614$0$10,873,411
86$15,833,905$314,781$0$11,902,538
87$17,359,654$240,896$0$13,034,740
88$19,038,217$160,578$0$14,280,500
89$20,885,091$73,422$0$15,651,373
90$22,917,353$0$0$17,160,092
91$25,153,818$0$0$18,823,924
92$27,615,218$0$0$20,667,601
93$30,324,396$0$0$22,696,927
94$33,306,521$0$0$24,930,763
95$36,589,327$0$0$27,389,890
96$40,203,374$0$0$30,097,209
97$44,182,335$0$0$33,077,951
98$48,563,314$0$0$36,359,920
99$53,387,196$0$0$39,973,752
100$58,699,032$0$0$43,953,206