Can I retire at age 50 with 734,000?

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 $734,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$60,613$60,073$59,546$59,032$58,530$57,847
2 years$30,006$29,448$28,906$28,381$27,872$27,184
3 years$19,806$19,244$18,704$18,184$17,683$17,012
4 years$14,706$14,147$13,612$13,100$12,612$11,963
5 years$11,647$11,091$10,563$10,062$9,587$8,962
6 years$9,609$9,057$8,537$8,047$7,586$6,986
7 years$8,153$7,606$7,094$6,616$6,169$5,594
8 years$7,062$6,520$6,016$5,550$5,118$4,568
9 years$6,214$5,676$5,182$4,727$4,310$3,784
10 years$5,536$5,004$4,518$4,075$3,672$3,171
11 years$4,981$4,454$3,977$3,546$3,158$2,681
12 years$4,519$3,998$3,530$3,111$2,737$2,283
13 years$4,129$3,613$3,154$2,746$2,387$1,955
14 years$3,794$3,284$2,834$2,438$2,092$1,683
15 years$3,505$3,000$2,558$2,174$1,842$1,455
16 years$3,252$2,753$2,319$1,947$1,628$1,261
17 years$3,029$2,535$2,111$1,749$1,444$1,097
18 years$2,831$2,342$1,927$1,576$1,284$957
19 years$2,654$2,171$1,764$1,424$1,144$836
20 years$2,495$2,017$1,619$1,290$1,022$732
21 years$2,351$1,879$1,489$1,171$914$641
22 years$2,220$1,754$1,372$1,064$820$563
23 years$2,101$1,641$1,267$969$736$495
24 years$1,992$1,537$1,172$884$661$435
25 years$1,892$1,442$1,085$807$595$383
26 years$1,800$1,356$1,007$738$536$338
27 years$1,715$1,276$935$676$483$298
28 years$1,636$1,202$869$619$436$263
29 years$1,563$1,134$809$568$394$232
30 years$1,494$1,071$753$521$356$205
31 years$1,430$1,013$702$479$322$181
32 years$1,370$958$655$440$291$160
33 years$1,314$907$612$404$263$142
34 years$1,262$860$572$372$238$125
35 years$1,212$816$534$343$216$111
36 years$1,166$774$500$316$196$98
37 years$1,122$735$468$291$177$87
38 years$1,080$699$438$268$161$77
39 years$1,041$664$410$247$146$68
40 years$1,003$632$385$228$132$60
41 years$968$602$361$210$120$53
42 years$934$573$338$194$109$47
43 years$903$546$318$179$99$42
44 years$872$521$298$165$90$37
45 years$843$496$280$153$81$33
46 years$815$473$263$141$74$29
47 years$789$452$247$130$67$26
48 years$764$431$232$120$61$23
49 years$740$412$218$111$55$20
50 years$717$393$205$103$50$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $734,000, adding $2,215 every year, while hoping to spend $56,222 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: 64/24/12 Blend
49$734,000$734,000$734,000$734,000
50$811,153$772,251$760,874$860,690
51$834,071$750,271$726,543$872,096
52$857,442$725,330$689,178$877,819
53$881,253$697,224$648,618$882,664
54$905,488$665,735$604,694$886,544
55$930,127$630,635$557,231$889,366
56$955,146$591,683$506,044$891,029
57$980,517$548,621$450,942$891,426
58$1,006,205$501,179$391,725$890,440
59$1,032,173$449,072$328,182$887,945
60$1,058,375$391,996$260,096$883,807
61$1,084,757$329,633$187,238$877,879
62$1,111,262$261,644$109,370$870,007
63$1,137,820$187,673$26,242$860,020
64$1,164,352$107,344$0$847,737
65$1,190,771$20,259$0$840,960
66$1,216,975$0$0$835,585
67$1,242,852$0$0$847,601
68$1,268,274$0$0$864,618
69$1,293,096$0$0$881,184
70$1,317,156$0$0$897,183
71$1,340,274$0$0$912,487
72$1,362,247$0$0$926,950
73$1,382,846$0$0$940,414
74$1,401,818$0$0$952,696
75$1,418,881$0$0$963,596
76$1,433,716$0$0$972,890
77$1,445,974$0$0$980,329
78$1,455,261$0$0$985,636
79$1,461,143$0$0$988,501
80$1,463,134$0$0$988,582
81$1,460,696$0$0$985,497
82$1,453,231$0$0$978,824
83$1,440,077$0$0$968,094
84$1,420,497$0$0$952,787
85$1,393,676$0$0$932,325
86$1,358,711$0$0$906,071
87$1,314,600$0$0$873,316
88$1,260,235$0$0$833,277
89$1,194,388$0$0$785,087
90$1,115,702$0$0$727,787
91$1,022,673$0$0$660,314
92$913,641$0$0$581,495
93$786,766$0$0$490,033
94$640,019$0$0$384,491
95$471,152$0$0$263,286
96$277,686$0$0$124,664
97$56,878$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0