Can I retire at age 50 with 740,000?

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 $740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$61,109$60,564$60,033$59,515$59,009$58,441
2 years$30,252$29,688$29,142$28,613$28,099$27,528
3 years$19,967$19,402$18,857$18,333$17,827$17,269
4 years$14,826$14,262$13,723$13,208$12,715$12,174
5 years$11,743$11,182$10,650$10,145$9,665$9,145
6 years$9,687$9,131$8,607$8,113$7,648$7,147
7 years$8,220$7,668$7,152$6,670$6,220$5,739
8 years$7,120$6,573$6,066$5,595$5,160$4,700
9 years$6,265$5,723$5,224$4,766$4,345$3,905
10 years$5,581$5,044$4,555$4,108$3,703$3,282
11 years$5,022$4,491$4,010$3,575$3,184$2,784
12 years$4,556$4,031$3,559$3,136$2,759$2,378
13 years$4,163$3,643$3,179$2,769$2,406$2,043
14 years$3,826$3,311$2,857$2,458$2,109$1,765
15 years$3,534$3,025$2,579$2,192$1,857$1,530
16 years$3,278$2,775$2,338$1,963$1,641$1,332
17 years$3,054$2,556$2,128$1,763$1,455$1,162
18 years$2,854$2,362$1,942$1,589$1,294$1,017
19 years$2,675$2,189$1,778$1,436$1,153$892
20 years$2,515$2,034$1,632$1,301$1,030$783
21 years$2,370$1,894$1,501$1,180$922$689
22 years$2,238$1,768$1,383$1,073$826$607
23 years$2,119$1,654$1,277$977$742$536
24 years$2,009$1,550$1,181$891$667$473
25 years$1,908$1,454$1,094$814$600$419
26 years$1,815$1,367$1,015$744$540$370
27 years$1,729$1,286$942$681$487$328
28 years$1,649$1,212$876$624$440$291
29 years$1,575$1,143$815$572$397$258
30 years$1,506$1,080$759$525$359$228
31 years$1,442$1,021$708$483$324$203
32 years$1,382$966$661$443$293$180
33 years$1,325$915$617$408$266$160
34 years$1,272$867$576$375$240$142
35 years$1,222$822$539$345$218$126
36 years$1,175$780$504$318$197$112
37 years$1,131$741$472$293$179$100
38 years$1,089$704$442$270$162$89
39 years$1,049$670$414$249$147$79
40 years$1,012$637$388$230$133$70
41 years$976$607$364$212$121$62
42 years$942$578$341$196$110$55
43 years$910$551$320$181$100$49
44 years$879$525$301$167$90$44
45 years$850$500$282$154$82$39
46 years$822$477$265$142$75$35
47 years$796$456$249$131$68$31
48 years$770$435$234$121$61$28
49 years$746$415$220$112$56$25
50 years$722$397$207$104$51$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $740,000, adding $2,194 every year, while hoping to spend $55,678 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: 44/27/29 Blend
49$740,000$740,000$740,000$740,000
50$817,743$778,523$767,053$846,752
51$841,912$757,430$733,508$846,615
52$866,680$733,437$696,974$841,005
53$892,049$706,343$657,291$833,869
54$918,021$675,937$614,292$825,098
55$944,594$641,992$567,806$814,575
56$971,764$604,272$517,649$802,176
57$999,527$562,524$463,633$787,772
58$1,027,874$516,483$405,560$771,223
59$1,056,793$465,867$343,223$752,384
60$1,086,271$410,379$276,406$731,098
61$1,116,289$349,706$204,883$707,199
62$1,146,824$283,515$128,420$680,513
63$1,177,849$211,456$46,771$650,853
64$1,209,330$133,158$0$618,023
65$1,241,230$48,231$0$594,302
66$1,273,503$0$0$583,234
67$1,306,097$0$0$583,177
68$1,338,950$0$0$597,528
69$1,371,992$0$0$611,921
70$1,405,144$0$0$626,316
71$1,438,313$0$0$640,666
72$1,471,395$0$0$654,919
73$1,504,273$0$0$669,017
74$1,536,812$0$0$682,893
75$1,568,862$0$0$696,472
76$1,600,253$0$0$709,669
77$1,630,794$0$0$722,390
78$1,660,270$0$0$734,530
79$1,688,442$0$0$745,969
80$1,715,040$0$0$756,575
81$1,739,764$0$0$766,200
82$1,762,278$0$0$774,680
83$1,782,208$0$0$781,829
84$1,799,136$0$0$787,444
85$1,812,598$0$0$791,297
86$1,822,077$0$0$793,133
87$1,826,997$0$0$792,673
88$1,826,720$0$0$789,603
89$1,820,536$0$0$783,576
90$1,807,656$0$0$774,207
91$1,787,208$0$0$761,070
92$1,758,223$0$0$743,692
93$1,719,625$0$0$721,548
94$1,670,225$0$0$694,059
95$1,608,705$0$0$660,582
96$1,533,606$0$0$620,405
97$1,443,313$0$0$572,742
98$1,336,038$0$0$516,723
99$1,209,804$0$0$451,386
100$1,062,425$0$0$375,665