Can I retire at age 50 with 774,000?

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 $774,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$63,916$63,347$62,791$62,249$61,720$59,720
2 years$31,642$31,052$30,481$29,928$29,390$27,395
3 years$20,885$20,293$19,723$19,175$18,646$16,717
4 years$15,508$14,918$14,354$13,814$13,299$11,451
5 years$12,282$11,696$11,139$10,611$10,110$8,348
6 years$10,132$9,550$9,002$8,486$7,999$6,325
7 years$8,597$8,020$7,481$6,976$6,506$4,919
8 years$7,447$6,875$6,344$5,852$5,397$3,896
9 years$6,552$5,986$5,464$4,985$4,545$3,129
10 years$5,837$5,276$4,764$4,297$3,873$2,539
11 years$5,253$4,697$4,194$3,740$3,331$2,077
12 years$4,766$4,216$3,722$3,280$2,886$1,710
13 years$4,354$3,810$3,325$2,896$2,517$1,415
14 years$4,001$3,463$2,988$2,571$2,206$1,175
15 years$3,696$3,164$2,698$2,293$1,943$980
16 years$3,429$2,903$2,446$2,053$1,717$819
17 years$3,194$2,673$2,226$1,844$1,522$686
18 years$2,985$2,470$2,032$1,662$1,354$576
19 years$2,798$2,289$1,860$1,502$1,206$484
20 years$2,631$2,127$1,707$1,360$1,078$407
21 years$2,479$1,981$1,570$1,235$964$343
22 years$2,341$1,850$1,447$1,122$864$289
23 years$2,216$1,730$1,336$1,022$776$244
24 years$2,101$1,621$1,236$932$697$206
25 years$1,995$1,521$1,144$851$628$174
26 years$1,898$1,430$1,061$779$565$147
27 years$1,808$1,345$986$713$510$125
28 years$1,725$1,268$916$653$460$105
29 years$1,648$1,196$853$599$415$89
30 years$1,576$1,129$794$550$375$76
31 years$1,508$1,068$740$505$339$64
32 years$1,445$1,010$691$464$307$54
33 years$1,386$957$645$427$278$46
34 years$1,331$907$603$392$251$39
35 years$1,278$860$563$361$228$33
36 years$1,229$816$527$333$206$28
37 years$1,183$775$493$307$187$24
38 years$1,139$737$462$283$170$20
39 years$1,098$701$433$261$154$17
40 years$1,058$667$406$240$139$14
41 years$1,021$635$380$222$127$12
42 years$985$604$357$205$115$10
43 years$952$576$335$189$104$9
44 years$920$549$314$174$95$7
45 years$889$523$295$161$86$6
46 years$860$499$277$149$78$5
47 years$832$476$260$137$71$4
48 years$805$455$245$127$64$4
49 years$780$434$230$117$58$3
50 years$756$415$216$108$53$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $774,000, adding $6,414 every year, while hoping to spend $37,447 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: 46/29/25 Blend
49$774,000$774,000$774,000$774,000
50$859,564$818,542$806,545$892,670
51$907,396$818,807$793,721$916,914
52$958,852$817,830$779,212$939,039
53$1,014,262$815,511$762,923$962,303
54$1,073,989$811,743$744,752$986,831
55$1,138,430$806,412$724,596$1,012,764
56$1,208,023$799,400$702,343$1,040,258
57$1,283,249$790,578$677,879$1,069,489
58$1,364,636$779,813$651,084$1,100,653
59$1,452,766$766,960$621,832$1,133,968
60$1,548,276$751,869$589,992$1,169,678
61$1,651,869$734,380$555,426$1,208,056
62$1,764,318$714,322$517,990$1,249,403
63$1,886,470$691,516$477,535$1,294,057
64$2,019,261$665,772$433,904$1,342,393
65$2,163,719$636,888$386,932$1,394,829
66$2,320,974$604,651$336,450$1,451,829
67$2,492,270$568,835$282,278$1,513,909
68$2,678,977$529,204$224,230$1,581,644
69$2,882,602$485,504$162,111$1,655,669
70$3,104,803$437,470$95,717$1,736,693
71$3,347,407$384,819$24,837$1,825,500
72$3,612,422$327,255$0$1,922,962
73$3,902,061$264,462$0$2,043,597
74$4,218,761$196,110$0$2,182,876
75$4,565,202$121,848$0$2,335,419
76$4,944,339$41,304$0$2,502,610
77$5,359,422$0$0$2,685,977
78$5,814,033$0$0$2,901,862
79$6,312,115$0$0$3,152,919
80$6,858,010$0$0$3,428,170
81$7,456,501$0$0$3,730,036
82$8,112,856$0$0$4,061,186
83$8,832,876$0$0$4,424,560
84$9,622,953$0$0$4,823,396
85$10,490,125$0$0$5,261,261
86$11,442,146$0$0$5,742,083
87$12,487,557$0$0$6,270,190
88$13,635,766$0$0$6,850,351
89$14,897,139$0$0$7,487,816
90$16,283,094$0$0$8,188,373
91$17,806,209$0$0$8,958,397
92$19,480,343$0$0$9,804,909
93$21,320,761$0$0$10,735,647
94$23,344,286$0$0$11,759,135
95$25,569,447$0$0$12,884,765
96$28,016,662$0$0$14,122,885
97$30,708,426$0$0$15,484,896
98$33,669,522$0$0$16,983,357
99$36,927,259$0$0$18,632,111
100$40,511,724$0$0$20,446,405