Can I retire at age 50 with 747,000?

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 $747,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$61,687$61,137$60,601$60,078$59,567$58,198
2 years$30,538$29,969$29,418$28,884$28,365$26,993
3 years$20,156$19,585$19,035$18,506$17,996$16,664
4 years$14,967$14,397$13,853$13,333$12,835$11,554
5 years$11,854$11,288$10,750$10,241$9,757$8,530
6 years$9,779$9,217$8,688$8,190$7,720$6,548
7 years$8,298$7,741$7,220$6,733$6,279$5,162
8 years$7,187$6,635$6,123$5,648$5,209$4,147
9 years$6,324$5,777$5,274$4,811$4,387$3,379
10 years$5,634$5,092$4,598$4,147$3,738$2,784
11 years$5,069$4,533$4,048$3,609$3,214$2,312
12 years$4,599$4,069$3,592$3,166$2,786$1,934
13 years$4,202$3,677$3,209$2,795$2,429$1,626
14 years$3,862$3,342$2,884$2,481$2,129$1,373
15 years$3,567$3,053$2,604$2,213$1,875$1,164
16 years$3,309$2,801$2,361$1,981$1,657$990
17 years$3,082$2,580$2,148$1,780$1,469$844
18 years$2,881$2,384$1,961$1,604$1,306$721
19 years$2,701$2,209$1,795$1,450$1,164$617
20 years$2,539$2,053$1,647$1,313$1,040$529
21 years$2,392$1,912$1,515$1,191$931$454
22 years$2,260$1,785$1,397$1,083$834$390
23 years$2,139$1,670$1,289$987$749$336
24 years$2,028$1,564$1,193$900$673$289
25 years$1,926$1,468$1,105$822$606$249
26 years$1,832$1,380$1,024$751$546$214
27 years$1,745$1,298$951$688$492$185
28 years$1,665$1,224$884$630$444$160
29 years$1,590$1,154$823$578$401$138
30 years$1,521$1,090$767$530$362$119
31 years$1,456$1,030$715$487$327$103
32 years$1,395$975$667$448$296$89
33 years$1,338$923$623$412$268$77
34 years$1,284$875$582$379$243$66
35 years$1,234$830$544$349$220$57
36 years$1,186$788$509$321$199$49
37 years$1,142$748$476$296$180$43
38 years$1,099$711$446$273$164$37
39 years$1,059$676$418$251$148$32
40 years$1,021$643$392$232$135$28
41 years$985$612$367$214$122$24
42 years$951$583$344$197$111$21
43 years$919$556$323$182$101$18
44 years$888$530$303$168$91$15
45 years$858$505$285$155$83$13
46 years$830$482$268$144$75$12
47 years$803$460$251$133$68$10
48 years$777$439$236$123$62$9
49 years$753$419$222$113$56$7
50 years$729$400$209$105$51$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $747,000, adding $6,504 every year, while hoping to spend $31,999 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: 53/21/26 Blend
49$747,000$747,000$747,000$747,000
50$829,903$790,312$778,733$867,574
51$880,506$794,990$770,774$898,999
52$935,199$798,826$761,476$929,368
53$994,364$801,743$750,760$961,767
54$1,058,422$803,662$738,544$996,405
55$1,127,838$804,498$724,742$1,033,509
56$1,203,119$804,160$709,263$1,073,333
57$1,284,828$802,554$692,013$1,116,158
58$1,373,578$799,577$672,894$1,162,295
59$1,470,049$795,122$651,801$1,212,088
60$1,574,985$789,075$628,628$1,265,918
61$1,689,207$781,313$603,260$1,324,207
62$1,813,617$771,708$575,580$1,387,423
63$1,949,208$760,124$545,465$1,456,083
64$2,097,074$746,416$512,784$1,530,758
65$2,258,417$730,432$477,404$1,612,081
66$2,434,561$712,009$439,183$1,700,752
67$2,626,964$690,976$397,973$1,797,545
68$2,837,231$667,150$353,622$1,903,316
69$3,067,128$640,340$305,967$2,019,011
70$3,318,600$610,341$254,843$2,145,676
71$3,593,789$576,940$200,072$2,284,469
72$3,895,053$539,908$141,472$2,436,667
73$4,224,989$499,004$78,852$2,603,682
74$4,586,457$453,974$12,012$2,787,076
75$4,982,606$404,549$0$2,988,572
76$5,416,904$350,444$0$3,226,532
77$5,893,172$291,360$0$3,491,230
78$6,415,618$226,978$0$3,781,717
79$6,988,875$156,964$0$4,100,625
80$7,618,048$80,964$0$4,450,858
81$8,308,761$0$0$4,835,617
82$9,067,207$0$0$5,258,755
83$9,900,210$0$0$5,744,112
84$10,815,286$0$0$6,277,367
85$11,820,715$0$0$6,863,357
86$12,925,619$0$0$7,507,406
87$14,140,048$0$0$8,215,385
88$15,475,073$0$0$8,993,757
89$16,942,892$0$0$9,849,647
90$18,556,943$0$0$10,790,900
91$20,332,033$0$0$11,826,164
92$22,284,474$0$0$12,964,964
93$24,432,239$0$0$14,217,797
94$26,795,131$0$0$15,596,226
95$29,394,968$0$0$17,112,994
96$32,255,790$0$0$18,782,140
97$35,404,086$0$0$20,619,132
98$38,869,042$0$0$22,641,017
99$42,682,815$0$0$24,866,573
100$46,880,842$0$0$27,316,496