Can I retire at age 50 with 744,000?

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 $744,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$61,439$60,892$60,358$59,836$59,328$58,684
2 years$30,415$29,849$29,300$28,768$28,251$27,603
3 years$20,075$19,507$18,959$18,432$17,924$17,291
4 years$14,907$14,339$13,797$13,279$12,783$12,171
5 years$11,806$11,242$10,707$10,200$9,718$9,128
6 years$9,740$9,180$8,653$8,157$7,689$7,123
7 years$8,264$7,709$7,191$6,706$6,253$5,710
8 years$7,158$6,608$6,098$5,626$5,188$4,668
9 years$6,298$5,754$5,252$4,792$4,369$3,872
10 years$5,611$5,072$4,579$4,130$3,723$3,248
11 years$5,049$4,515$4,031$3,595$3,202$2,750
12 years$4,581$4,052$3,578$3,153$2,774$2,344
13 years$4,185$3,662$3,197$2,784$2,419$2,011
14 years$3,846$3,329$2,872$2,471$2,121$1,733
15 years$3,553$3,041$2,593$2,204$1,867$1,500
16 years$3,296$2,790$2,351$1,973$1,650$1,302
17 years$3,070$2,570$2,139$1,773$1,463$1,134
18 years$2,869$2,374$1,953$1,598$1,301$990
19 years$2,690$2,201$1,788$1,444$1,160$867
20 years$2,529$2,045$1,641$1,308$1,036$760
21 years$2,383$1,905$1,509$1,187$927$667
22 years$2,251$1,778$1,391$1,079$831$586
23 years$2,130$1,663$1,284$983$746$516
24 years$2,020$1,558$1,188$896$670$455
25 years$1,918$1,462$1,100$818$603$401
26 years$1,825$1,374$1,020$748$543$354
27 years$1,738$1,293$947$685$490$313
28 years$1,658$1,219$881$628$442$277
29 years$1,584$1,150$820$576$399$245
30 years$1,514$1,086$763$528$361$216
31 years$1,450$1,026$712$485$326$192
32 years$1,389$971$664$446$295$170
33 years$1,332$920$620$410$267$150
34 years$1,279$872$579$377$242$133
35 years$1,229$827$542$347$219$118
36 years$1,182$785$507$320$198$105
37 years$1,137$745$474$295$180$93
38 years$1,095$708$444$272$163$82
39 years$1,055$674$416$250$148$73
40 years$1,017$641$390$231$134$65
41 years$981$610$366$213$122$57
42 years$947$581$343$197$110$51
43 years$915$553$322$182$100$45
44 years$884$528$302$168$91$40
45 years$855$503$284$155$83$36
46 years$827$480$266$143$75$32
47 years$800$458$250$132$68$28
48 years$774$437$235$122$62$25
49 years$750$418$221$113$56$22
50 years$726$399$208$104$51$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $744,000, adding $5,230 every year, while hoping to spend $57,970 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: 58/31/11 Blend
49$744,000$744,000$744,000$744,000
50$825,283$785,851$774,319$870,646
51$847,782$762,678$738,579$878,662
52$870,633$736,426$699,699$880,462
53$893,811$706,885$657,512$881,031
54$917,286$673,828$611,845$880,255
55$941,023$637,020$562,515$878,015
56$964,981$596,208$509,334$874,182
57$989,115$551,127$452,102$868,619
58$1,013,370$501,498$390,612$861,174
59$1,037,685$447,022$324,649$851,690
60$1,061,990$387,387$253,986$839,993
61$1,086,205$322,262$178,387$825,899
62$1,110,241$251,296$97,606$809,207
63$1,133,996$174,120$11,386$789,705
64$1,157,355$90,343$0$767,161
65$1,180,189$0$0$750,790
66$1,202,353$0$0$733,056
67$1,223,684$0$0$745,573
68$1,243,999$0$0$757,407
69$1,263,095$0$0$768,424
70$1,280,743$0$0$778,478
71$1,296,688$0$0$787,406
72$1,310,647$0$0$795,025
73$1,322,304$0$0$801,131
74$1,331,305$0$0$805,497
75$1,337,260$0$0$807,872
76$1,339,732$0$0$807,977
77$1,338,238$0$0$805,499
78$1,332,239$0$0$800,095
79$1,321,140$0$0$791,381
80$1,304,279$0$0$778,933
81$1,280,922$0$0$762,281
82$1,250,256$0$0$740,903
83$1,211,381$0$0$714,222
84$1,163,298$0$0$681,598
85$1,104,905$0$0$642,324
86$1,034,978$0$0$595,618
87$952,166$0$0$540,612
88$854,974$0$0$476,349
89$741,746$0$0$401,770
90$610,656$0$0$315,704
91$459,682$0$0$216,858
92$286,592$0$0$103,801
93$88,916$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0