Can I retire at age 50 with 741,000?

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 $741,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$61,191$60,646$60,114$59,595$59,088$57,660
2 years$30,293$29,728$29,182$28,652$28,137$26,707
3 years$19,994$19,428$18,882$18,357$17,851$16,464
4 years$14,846$14,282$13,742$13,225$12,732$11,397
5 years$11,758$11,197$10,664$10,158$9,679$8,401
6 years$9,700$9,143$8,618$8,124$7,658$6,439
7 years$8,231$7,678$7,162$6,679$6,228$5,067
8 years$7,129$6,582$6,074$5,603$5,167$4,064
9 years$6,273$5,731$5,231$4,772$4,351$3,305
10 years$5,588$5,051$4,561$4,114$3,708$2,718
11 years$5,029$4,497$4,015$3,580$3,189$2,253
12 years$4,562$4,036$3,563$3,140$2,763$1,881
13 years$4,168$3,647$3,184$2,772$2,410$1,578
14 years$3,831$3,315$2,861$2,461$2,112$1,330
15 years$3,538$3,029$2,583$2,195$1,860$1,125
16 years$3,283$2,779$2,342$1,965$1,644$955
17 years$3,058$2,559$2,131$1,766$1,457$812
18 years$2,858$2,365$1,945$1,591$1,296$692
19 years$2,679$2,192$1,781$1,438$1,155$591
20 years$2,518$2,037$1,634$1,302$1,032$506
21 years$2,373$1,897$1,503$1,182$923$433
22 years$2,242$1,771$1,385$1,075$828$371
23 years$2,121$1,656$1,279$979$743$319
24 years$2,011$1,552$1,183$893$668$274
25 years$1,910$1,456$1,096$815$601$235
26 years$1,817$1,369$1,016$745$541$202
27 years$1,731$1,288$944$682$488$174
28 years$1,652$1,214$877$625$440$150
29 years$1,577$1,145$816$573$398$129
30 years$1,508$1,081$760$526$359$111
31 years$1,444$1,022$709$483$325$96
32 years$1,384$967$661$444$294$82
33 years$1,327$916$618$408$266$71
34 years$1,274$868$577$376$241$61
35 years$1,224$823$539$346$218$53
36 years$1,177$782$505$319$198$45
37 years$1,132$742$472$293$179$39
38 years$1,090$705$442$270$162$34
39 years$1,051$671$414$249$147$29
40 years$1,013$638$388$230$134$25
41 years$977$608$364$212$121$22
42 years$943$579$342$196$110$19
43 years$911$551$321$181$100$16
44 years$880$525$301$167$91$14
45 years$851$501$283$154$82$12
46 years$823$478$265$142$75$10
47 years$797$456$249$132$68$9
48 years$771$435$234$122$62$8
49 years$747$416$220$112$56$7
50 years$723$397$207$104$51$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $741,000, adding $6,140 every year, while hoping to spend $57,035 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: 71/14/15 Blend
49$741,000$741,000$741,000$741,000
50$822,915$783,642$772,157$878,121
51$846,168$761,356$737,339$893,294
52$869,881$736,066$699,444$902,419
53$894,040$707,565$658,307$910,926
54$918,631$675,634$613,758$918,741
55$943,631$640,040$565,619$925,789
56$969,017$600,538$513,703$931,984
57$994,761$556,868$457,816$937,237
58$1,020,827$508,756$397,754$941,450
59$1,047,178$455,911$333,305$944,515
60$1,073,766$398,027$264,247$946,318
61$1,100,540$334,779$190,349$946,735
62$1,127,437$265,826$111,368$945,629
63$1,154,389$190,805$27,052$942,856
64$1,181,317$109,335$0$938,255
65$1,208,131$21,012$0$941,727
66$1,234,729$0$0$948,289
67$1,260,996$0$0$964,941
68$1,286,803$0$0$984,450
69$1,312,003$0$0$1,003,462
70$1,336,433$0$0$1,021,850
71$1,359,909$0$0$1,039,468
72$1,382,225$0$0$1,056,155
73$1,403,150$0$0$1,071,730
74$1,422,428$0$0$1,085,991
75$1,439,772$0$0$1,098,712
76$1,454,860$0$0$1,109,642
77$1,467,337$0$0$1,118,501
78$1,476,805$0$0$1,124,977
79$1,482,822$0$0$1,128,724
80$1,484,898$0$0$1,129,357
81$1,482,487$0$0$1,126,448
82$1,474,982$0$0$1,119,522
83$1,461,713$0$0$1,108,052
84$1,441,933$0$0$1,091,454
85$1,414,816$0$0$1,069,079
86$1,379,446$0$0$1,040,211
87$1,334,808$0$0$1,004,054
88$1,279,779$0$0$959,728
89$1,213,115$0$0$906,258
90$1,133,439$0$0$842,566
91$1,039,228$0$0$767,460
92$928,799$0$0$679,620
93$800,289$0$0$577,588
94$651,638$0$0$459,750
95$480,571$0$0$324,325
96$284,572$0$0$169,344
97$60,864$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0