Can I retire at age 50 with 737,000?

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 $737,000?

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$60,861$60,319$59,790$59,274$58,769$57,725
2 years$30,129$29,568$29,024$28,497$27,985$26,936
3 years$19,887$19,323$18,781$18,258$17,755$16,734
4 years$14,766$14,204$13,667$13,154$12,663$11,679
5 years$11,695$11,136$10,606$10,104$9,626$8,681
6 years$9,648$9,094$8,572$8,080$7,617$6,712
7 years$8,187$7,637$7,123$6,643$6,195$5,330
8 years$7,091$6,546$6,041$5,573$5,139$4,315
9 years$6,239$5,700$5,203$4,747$4,328$3,543
10 years$5,558$5,024$4,536$4,092$3,688$2,942
11 years$5,001$4,473$3,994$3,561$3,171$2,464
12 years$4,538$4,014$3,544$3,123$2,748$2,078
13 years$4,146$3,628$3,166$2,758$2,397$1,763
14 years$3,810$3,298$2,845$2,448$2,101$1,502
15 years$3,519$3,012$2,569$2,183$1,850$1,285
16 years$3,265$2,764$2,329$1,955$1,635$1,103
17 years$3,041$2,545$2,119$1,756$1,449$949
18 years$2,842$2,352$1,935$1,583$1,289$818
19 years$2,665$2,180$1,771$1,430$1,149$707
20 years$2,505$2,026$1,625$1,295$1,026$612
21 years$2,360$1,887$1,495$1,176$918$531
22 years$2,229$1,761$1,378$1,069$823$461
23 years$2,110$1,647$1,272$973$739$400
24 years$2,001$1,543$1,177$888$664$348
25 years$1,900$1,448$1,090$811$598$303
26 years$1,808$1,361$1,011$741$538$264
27 years$1,722$1,281$939$679$485$230
28 years$1,643$1,207$872$622$438$200
29 years$1,569$1,139$812$570$395$175
30 years$1,500$1,075$756$523$357$152
31 years$1,436$1,017$705$481$323$133
32 years$1,376$962$658$442$292$116
33 years$1,320$911$614$406$264$102
34 years$1,267$863$574$374$239$89
35 years$1,217$819$537$344$217$77
36 years$1,171$777$502$317$196$68
37 years$1,126$738$470$292$178$59
38 years$1,085$702$440$269$161$52
39 years$1,045$667$412$248$146$45
40 years$1,008$635$386$229$133$40
41 years$972$604$362$211$120$35
42 years$938$575$340$195$109$30
43 years$906$548$319$180$99$26
44 years$876$523$299$166$90$23
45 years$847$498$281$153$82$20
46 years$819$475$264$142$74$18
47 years$792$454$248$131$67$15
48 years$767$433$233$121$61$14
49 years$743$414$219$112$56$12
50 years$720$395$206$103$50$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $737,000, adding $4,557 every year, while hoping to spend $41,351 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: 41/37/22 Blend
49$737,000$737,000$737,000$737,000
50$816,875$777,814$766,390$844,911
51$856,199$771,929$748,067$859,506
52$898,148$764,371$727,744$870,999
53$942,946$755,012$705,311$882,603
54$990,840$743,721$680,652$894,352
55$1,042,097$730,355$653,645$906,285
56$1,097,014$714,765$624,165$918,450
57$1,155,913$696,793$592,079$930,900
58$1,219,152$676,271$557,249$943,700
59$1,287,118$653,021$519,530$956,924
60$1,360,241$626,856$478,771$970,659
61$1,438,990$597,577$434,814$985,005
62$1,523,882$564,973$387,496$1,000,074
63$1,615,484$528,822$336,642$1,015,999
64$1,714,418$488,889$282,074$1,032,929
65$1,821,369$444,925$223,605$1,051,033
66$1,937,090$396,668$161,036$1,070,506
67$2,062,408$343,839$94,165$1,091,566
68$2,198,231$286,145$22,778$1,114,463
69$2,345,560$223,276$0$1,139,477
70$2,505,495$154,904$0$1,179,462
71$2,679,245$80,684$0$1,228,759
72$2,868,141$250$0$1,282,474
73$3,073,646$0$0$1,341,119
74$3,297,370$0$0$1,440,598
75$3,541,085$0$0$1,549,163
76$3,806,743$0$0$1,667,593
77$4,096,488$0$0$1,796,856
78$4,412,683$0$0$1,938,018
79$4,757,928$0$0$2,092,251
80$5,135,085$0$0$2,260,848
81$5,547,305$0$0$2,445,230
82$5,998,058$0$0$2,646,962
83$6,491,163$0$0$2,867,770
84$7,030,826$0$0$3,109,551
85$7,621,677$0$0$3,374,395
86$8,268,817$0$0$3,664,605
87$8,977,862$0$0$3,982,716
88$9,754,997$0$0$4,331,521
89$10,607,033$0$0$4,714,095
90$11,541,473$0$0$5,133,825
91$12,566,581$0$0$5,594,442
92$13,691,458$0$0$6,100,057
93$14,926,129$0$0$6,655,197
94$16,281,639$0$0$7,264,848
95$17,770,151$0$0$7,934,505
96$19,405,067$0$0$8,670,219
97$21,201,148$0$0$9,478,657
98$23,174,658$0$0$10,367,164
99$25,343,512$0$0$11,343,832
100$27,727,448$0$0$12,417,575