Can I retire at age 50 with 731,000?

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 $731,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$60,365$59,828$59,303$58,791$58,291$57,255
2 years$29,884$29,327$28,788$28,265$27,758$26,717
3 years$19,725$19,166$18,628$18,110$17,611$16,598
4 years$14,646$14,089$13,556$13,047$12,560$11,584
5 years$11,600$11,046$10,520$10,021$9,548$8,610
6 years$9,569$9,020$8,502$8,014$7,555$6,657
7 years$8,120$7,575$7,065$6,589$6,144$5,287
8 years$7,033$6,493$5,992$5,527$5,097$4,279
9 years$6,188$5,653$5,161$4,708$4,293$3,514
10 years$5,513$4,983$4,499$4,058$3,657$2,918
11 years$4,961$4,436$3,961$3,532$3,146$2,444
12 years$4,501$3,982$3,515$3,098$2,726$2,061
13 years$4,112$3,598$3,141$2,735$2,377$1,748
14 years$3,779$3,271$2,822$2,428$2,084$1,490
15 years$3,491$2,988$2,548$2,165$1,835$1,274
16 years$3,239$2,741$2,310$1,939$1,621$1,094
17 years$3,016$2,525$2,102$1,742$1,438$941
18 years$2,819$2,333$1,919$1,570$1,278$812
19 years$2,643$2,162$1,757$1,418$1,139$701
20 years$2,484$2,009$1,612$1,285$1,018$607
21 years$2,341$1,871$1,483$1,166$911$526
22 years$2,211$1,747$1,367$1,060$816$457
23 years$2,093$1,634$1,262$965$733$397
24 years$1,984$1,531$1,167$881$659$345
25 years$1,885$1,437$1,081$804$593$300
26 years$1,793$1,350$1,002$735$534$262
27 years$1,708$1,271$931$673$481$228
28 years$1,629$1,197$865$617$434$199
29 years$1,556$1,130$805$565$392$173
30 years$1,488$1,067$750$519$354$151
31 years$1,424$1,008$699$477$320$132
32 years$1,365$954$652$438$290$115
33 years$1,309$904$609$403$262$101
34 years$1,257$856$569$371$237$88
35 years$1,207$812$532$341$215$77
36 years$1,161$771$498$314$195$67
37 years$1,117$732$466$290$177$59
38 years$1,076$696$436$267$160$51
39 years$1,037$662$409$246$145$45
40 years$999$630$383$227$132$39
41 years$964$599$359$209$119$34
42 years$931$571$337$193$108$30
43 years$899$544$316$178$98$26
44 years$869$518$297$165$89$23
45 years$840$494$279$152$81$20
46 years$812$472$262$141$74$18
47 years$786$450$246$130$67$15
48 years$761$430$231$120$61$13
49 years$737$410$217$111$55$12
50 years$714$392$204$102$50$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $731,000, adding $6,912 every year, while hoping to spend $23,590 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: 43/29/28 Blend
49$731,000$731,000$731,000$731,000
50$812,692$773,949$762,618$840,751
51$870,487$786,773$763,066$874,342
52$933,386$799,434$762,739$907,958
53$1,001,886$811,901$761,585$943,931
54$1,076,531$824,137$759,551$982,493
55$1,157,923$836,105$756,581$1,023,901
56$1,246,721$847,764$752,617$1,068,439
57$1,343,653$859,072$747,597$1,116,421
58$1,449,521$869,981$741,456$1,168,193
59$1,565,204$880,442$734,127$1,224,138
60$1,691,674$890,403$725,539$1,284,681
61$1,829,998$899,806$715,618$1,350,287
62$1,981,354$908,593$704,287$1,421,475
63$2,147,036$916,697$691,464$1,498,815
64$2,328,470$924,052$677,065$1,582,937
65$2,527,227$930,584$661,000$1,674,538
66$2,745,037$936,215$643,176$1,774,387
67$2,983,804$940,863$623,496$1,883,333
68$3,245,627$944,441$601,858$2,002,315
69$3,532,817$946,854$578,156$2,132,368
70$3,847,918$948,003$552,278$2,274,637
71$4,193,734$947,784$524,108$2,430,383
72$4,573,353$946,084$493,524$2,601,001
73$4,990,177$942,784$460,399$2,788,030
74$5,447,953$937,758$424,600$2,993,168
75$5,950,809$930,873$385,989$3,218,292
76$6,503,291$921,985$344,419$3,465,471
77$7,110,410$910,946$299,740$3,736,988
78$7,777,684$897,594$251,794$4,035,366
79$8,511,194$881,762$200,415$4,363,386
80$9,317,637$863,270$145,430$4,724,117
81$10,204,394$841,928$86,660$5,120,948
82$11,179,596$817,536$23,917$5,557,615
83$12,252,200$789,881$0$6,038,242
84$13,432,077$758,738$0$6,580,238
85$14,730,101$723,868$0$7,184,224
86$16,158,254$685,020$0$7,848,647
87$17,729,737$641,928$0$8,579,682
88$19,459,098$594,310$0$9,384,134
89$21,362,362$541,867$0$10,269,509
90$23,457,190$484,285$0$11,244,077
91$25,763,040$421,232$0$12,316,957
92$28,301,353$352,356$0$13,498,203
93$31,095,754$277,285$0$14,798,895
94$34,172,276$195,626$0$16,231,248
95$37,559,603$106,966$0$17,808,730
96$41,289,342$10,867$0$19,546,183
97$45,396,322$0$0$21,459,971
98$49,918,922$0$0$23,597,849
99$54,899,430$0$0$25,956,126
100$60,384,447$0$0$28,553,413