Can I retire at age 50 with 746,000?

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 $746,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$61,604$61,055$60,520$59,997$59,487$58,358
2 years$30,497$29,929$29,379$28,845$28,327$27,194
3 years$20,129$19,559$19,010$18,481$17,972$16,870
4 years$14,947$14,378$13,834$13,315$12,818$11,755
5 years$11,838$11,272$10,736$10,227$9,744$8,724
6 years$9,766$9,205$8,676$8,179$7,710$6,734
7 years$8,286$7,730$7,210$6,724$6,270$5,339
8 years$7,177$6,626$6,115$5,641$5,202$4,314
9 years$6,315$5,769$5,267$4,805$4,381$3,536
10 years$5,626$5,085$4,592$4,142$3,733$2,931
11 years$5,062$4,527$4,042$3,604$3,210$2,450
12 years$4,593$4,063$3,587$3,162$2,782$2,062
13 years$4,196$3,672$3,205$2,791$2,426$1,746
14 years$3,857$3,338$2,880$2,478$2,126$1,485
15 years$3,562$3,049$2,600$2,210$1,872$1,267
16 years$3,305$2,798$2,357$1,979$1,655$1,085
17 years$3,078$2,576$2,145$1,778$1,467$932
18 years$2,877$2,381$1,958$1,602$1,305$802
19 years$2,697$2,206$1,793$1,448$1,163$692
20 years$2,535$2,050$1,645$1,311$1,039$597
21 years$2,389$1,910$1,513$1,190$929$517
22 years$2,257$1,783$1,395$1,082$833$447
23 years$2,136$1,667$1,288$985$748$388
24 years$2,025$1,562$1,191$899$672$336
25 years$1,923$1,466$1,103$821$605$292
26 years$1,830$1,378$1,023$750$545$254
27 years$1,743$1,297$950$687$491$221
28 years$1,663$1,222$883$629$443$192
29 years$1,588$1,153$822$577$400$167
30 years$1,519$1,089$766$530$362$145
31 years$1,454$1,029$714$486$327$127
32 years$1,393$974$666$447$296$110
33 years$1,336$922$622$411$268$96
34 years$1,283$874$581$378$242$84
35 years$1,232$829$543$348$219$73
36 years$1,185$787$508$321$199$64
37 years$1,140$747$476$295$180$55
38 years$1,098$710$445$272$163$48
39 years$1,058$675$417$251$148$42
40 years$1,020$643$391$232$134$37
41 years$984$612$367$214$122$32
42 years$950$582$344$197$111$28
43 years$917$555$323$182$100$24
44 years$886$529$303$168$91$21
45 years$857$504$284$155$83$19
46 years$829$481$267$143$75$16
47 years$802$459$251$132$68$14
48 years$776$438$236$122$62$12
49 years$752$419$222$113$56$11
50 years$728$400$208$105$51$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $746,000, adding $6,592 every year, while hoping to spend $21,892 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: 46/28/26 Blend
49$746,000$746,000$746,000$746,000
50$828,892$789,354$777,791$860,559
51$890,146$804,739$780,554$898,959
52$956,914$820,145$782,676$937,951
53$1,029,736$835,548$784,112$979,828
54$1,109,204$850,926$784,815$1,024,873
55$1,195,974$866,252$784,737$1,073,394
56$1,290,763$881,498$783,826$1,125,735
57$1,394,364$896,635$782,027$1,182,275
58$1,507,649$911,629$779,284$1,243,429
59$1,631,576$926,447$775,538$1,309,660
60$1,767,205$941,050$770,726$1,381,474
61$1,915,697$955,399$764,783$1,459,432
62$2,078,335$969,450$757,640$1,544,154
63$2,256,530$983,158$749,226$1,636,321
64$2,451,836$996,473$739,465$1,736,688
65$2,665,966$1,009,342$728,279$1,846,085
66$2,900,804$1,021,710$715,586$1,965,429
67$3,158,427$1,033,515$701,299$2,095,733
68$3,441,122$1,044,693$685,329$2,238,112
69$3,751,410$1,055,176$667,580$2,393,799
70$4,092,064$1,064,890$647,955$2,564,153
71$4,466,143$1,073,758$626,349$2,750,671
72$4,877,013$1,081,695$602,656$2,955,009
73$5,328,385$1,088,615$576,761$3,178,990
74$5,824,344$1,094,422$548,547$3,424,627
75$6,369,395$1,099,016$517,891$3,694,139
76$6,968,496$1,102,290$484,663$3,989,976
77$7,627,112$1,104,132$448,729$4,314,837
78$8,351,264$1,104,421$409,948$4,671,702
79$9,147,584$1,103,028$368,172$5,063,856
80$10,023,380$1,099,819$323,248$5,494,922
81$10,986,704$1,094,650$275,016$5,968,896
82$12,046,426$1,087,366$223,308$6,490,185
83$13,212,321$1,077,806$167,948$7,063,651
84$14,495,158$1,065,799$108,754$7,694,651
85$15,906,803$1,051,161$45,536$8,389,096
86$17,460,329$1,033,700$0$9,153,505
87$19,170,142$1,013,211$0$10,001,146
88$21,052,115$989,477$0$10,947,738
89$23,123,738$962,269$0$11,989,433
90$25,404,282$931,343$0$13,135,927
91$27,914,982$896,442$0$14,397,910
92$30,679,237$857,294$0$15,787,162
93$33,722,829$813,611$0$17,316,667
94$37,074,167$765,089$0$19,000,738
95$40,764,559$711,404$0$20,855,147
96$44,828,498$652,217$0$22,897,282
97$49,303,996$587,168$0$25,146,305
98$54,232,940$515,875$0$27,623,336
99$59,661,484$437,937$0$30,351,653
100$65,640,488$352,928$0$33,356,913