Can I retire at age 50 with 742,000?

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 $742,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$61,274$60,728$60,195$59,676$59,168$58,188
2 years$30,333$29,769$29,221$28,690$28,175$27,191
3 years$20,021$19,454$18,908$18,382$17,876$16,917
4 years$14,866$14,301$13,760$13,243$12,749$11,824
5 years$11,774$11,212$10,678$10,172$9,692$8,803
6 years$9,713$9,155$8,630$8,135$7,669$6,817
7 years$8,242$7,689$7,171$6,688$6,237$5,423
8 years$7,139$6,591$6,082$5,610$5,174$4,397
9 years$6,281$5,738$5,238$4,779$4,357$3,617
10 years$5,596$5,058$4,567$4,119$3,713$3,009
11 years$5,035$4,503$4,021$3,585$3,193$2,525
12 years$4,569$4,042$3,568$3,145$2,767$2,134
13 years$4,174$3,652$3,188$2,776$2,413$1,813
14 years$3,836$3,320$2,864$2,464$2,115$1,548
15 years$3,543$3,033$2,586$2,198$1,862$1,327
16 years$3,287$2,783$2,345$1,968$1,646$1,141
17 years$3,062$2,563$2,134$1,768$1,459$984
18 years$2,862$2,368$1,948$1,593$1,298$851
19 years$2,683$2,195$1,783$1,440$1,157$737
20 years$2,522$2,039$1,636$1,304$1,033$639
21 years$2,376$1,900$1,505$1,184$924$555
22 years$2,245$1,773$1,387$1,076$829$483
23 years$2,124$1,658$1,281$980$744$421
24 years$2,014$1,554$1,185$894$669$367
25 years$1,913$1,458$1,097$816$602$320
26 years$1,820$1,370$1,018$746$542$279
27 years$1,734$1,290$945$683$489$244
28 years$1,654$1,215$878$626$441$213
29 years$1,580$1,147$817$574$398$186
30 years$1,510$1,083$761$527$360$163
31 years$1,446$1,024$710$484$325$143
32 years$1,385$969$662$445$294$125
33 years$1,329$917$618$409$266$109
34 years$1,276$869$578$376$241$96
35 years$1,226$825$540$346$218$84
36 years$1,178$783$505$319$198$73
37 years$1,134$743$473$294$179$64
38 years$1,092$706$443$271$163$56
39 years$1,052$672$415$250$147$49
40 years$1,014$639$389$230$134$43
41 years$979$608$365$213$121$38
42 years$945$579$342$196$110$33
43 years$912$552$321$181$100$29
44 years$882$526$301$167$91$26
45 years$852$502$283$154$82$22
46 years$824$479$266$143$75$20
47 years$798$457$250$132$68$17
48 years$772$436$235$122$62$15
49 years$748$416$221$113$56$13
50 years$724$398$207$104$51$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $742,000, adding $6,547 every year, while hoping to spend $23,027 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: 68/26/6 Blend
49$742,000$742,000$742,000$742,000
50$824,437$785,111$773,610$879,335
51$884,029$799,081$775,026$930,518
52$948,928$812,964$775,717$983,044
53$1,019,650$826,731$775,635$1,039,857
54$1,096,765$840,351$774,729$1,101,372
55$1,180,898$853,791$772,946$1,168,044
56$1,272,740$867,017$770,229$1,240,379
57$1,373,048$879,989$766,520$1,318,930
58$1,482,658$892,668$761,758$1,404,307
59$1,602,489$905,008$755,877$1,497,186
60$1,733,553$916,965$748,809$1,598,306
61$1,876,966$928,487$740,485$1,708,487
62$2,033,955$939,521$730,830$1,828,627
63$2,205,871$950,010$719,765$1,959,720
64$2,394,203$959,893$707,210$2,102,860
65$2,600,590$969,106$693,080$2,259,251
66$2,826,837$977,579$677,284$2,430,223
67$3,074,932$985,238$659,731$2,617,239
68$3,347,065$992,005$640,322$2,821,913
69$3,645,648$997,795$618,955$3,046,024
70$3,973,337$1,002,521$595,524$3,291,531
71$4,333,060$1,006,087$569,917$3,560,594
72$4,728,040$1,008,392$542,016$3,855,596
73$5,161,827$1,009,331$511,701$4,179,159
74$5,638,333$1,008,788$478,843$4,534,177
75$6,161,869$1,006,644$443,309$4,923,838
76$6,737,180$1,002,770$404,961$5,351,655
77$7,369,497$997,031$363,652$5,821,502
78$8,064,582$989,282$319,230$6,337,648
79$8,828,783$979,370$271,538$6,904,799
80$9,669,092$967,133$220,409$7,528,140
81$10,593,217$952,399$165,669$8,213,389
82$11,609,645$934,987$107,139$8,966,845
83$12,727,730$914,703$44,630$9,795,455
84$13,957,778$891,343$0$10,706,873
85$15,311,143$864,690$0$11,710,948
86$16,800,337$834,516$0$12,818,709
87$18,439,142$800,579$0$14,037,559
88$20,242,749$762,622$0$15,378,809
89$22,227,892$720,373$0$16,854,927
90$24,413,012$673,546$0$18,479,653
91$26,818,427$621,838$0$20,268,129
92$29,466,526$564,927$0$22,237,046
93$32,381,979$502,476$0$24,404,797
94$35,591,969$434,125$0$26,791,656
95$39,126,449$359,496$0$29,419,964
96$43,018,425$278,190$0$32,314,347
97$47,304,267$189,784$0$35,501,942
98$52,024,050$93,831$0$39,012,660
99$57,221,936$0$0$42,879,464
100$62,946,586$0$0$47,141,585