Can I retire at age 50 with 749,000?

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 $749,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$61,852$61,301$60,763$60,239$59,726$58,520
2 years$30,620$30,049$29,497$28,961$28,441$27,231
3 years$20,210$19,638$19,086$18,556$18,044$16,869
4 years$15,007$14,436$13,890$13,368$12,869$11,737
5 years$11,885$11,318$10,779$10,268$9,783$8,697
6 years$9,805$9,242$8,711$8,211$7,741$6,702
7 years$8,320$7,761$7,239$6,751$6,295$5,304
8 years$7,206$6,653$6,139$5,663$5,223$4,279
9 years$6,341$5,792$5,288$4,824$4,398$3,501
10 years$5,649$5,106$4,610$4,158$3,748$2,896
11 years$5,083$4,545$4,059$3,619$3,223$2,417
12 years$4,612$4,080$3,602$3,174$2,793$2,030
13 years$4,213$3,687$3,218$2,802$2,436$1,715
14 years$3,872$3,351$2,891$2,488$2,135$1,456
15 years$3,577$3,061$2,611$2,219$1,880$1,240
16 years$3,318$2,809$2,367$1,986$1,661$1,060
17 years$3,091$2,587$2,154$1,785$1,473$908
18 years$2,889$2,390$1,966$1,608$1,310$780
19 years$2,708$2,215$1,800$1,453$1,167$671
20 years$2,546$2,059$1,652$1,316$1,043$578
21 years$2,399$1,917$1,519$1,195$933$499
22 years$2,266$1,790$1,400$1,086$836$431
23 years$2,144$1,674$1,293$989$751$373
24 years$2,033$1,568$1,196$902$675$323
25 years$1,931$1,472$1,108$824$607$279
26 years$1,837$1,383$1,027$753$547$242
27 years$1,750$1,302$954$690$493$210
28 years$1,669$1,227$887$632$445$182
29 years$1,594$1,157$825$579$402$158
30 years$1,525$1,093$769$532$363$137
31 years$1,459$1,033$717$488$328$119
32 years$1,399$978$669$449$297$104
33 years$1,341$926$624$413$269$90
34 years$1,288$878$583$380$243$78
35 years$1,237$832$545$350$220$68
36 years$1,190$790$510$322$200$59
37 years$1,145$750$477$297$181$51
38 years$1,102$713$447$273$164$45
39 years$1,062$678$419$252$149$39
40 years$1,024$645$393$233$135$34
41 years$988$614$368$215$122$29
42 years$954$585$345$198$111$26
43 years$921$557$324$183$101$22
44 years$890$531$304$169$92$19
45 years$860$506$286$156$83$17
46 years$832$483$268$144$75$15
47 years$805$461$252$133$68$13
48 years$779$440$237$123$62$11
49 years$755$420$223$114$56$10
50 years$731$402$209$105$51$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $749,000, adding $5,626 every year, while hoping to spend $55,407 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: 40/44/16 Blend
49$749,000$749,000$749,000$749,000
50$831,201$791,504$779,895$860,291
51$857,031$771,335$747,069$861,324
52$883,639$748,321$711,286$856,639
53$911,045$722,264$672,389$850,390
54$939,270$692,954$630,213$842,464
55$968,337$660,169$584,586$832,737
56$998,266$623,676$535,328$821,083
57$1,029,079$583,227$482,252$807,366
58$1,060,799$538,558$425,161$791,442
59$1,093,446$489,394$363,850$773,158
60$1,127,044$435,440$298,105$752,355
61$1,161,613$376,388$227,702$728,861
62$1,197,177$311,910$152,409$702,498
63$1,233,756$241,660$71,982$673,076
64$1,271,372$165,274$0$640,392
65$1,310,045$82,366$0$606,599
66$1,349,797$0$0$582,376
67$1,390,646$0$0$558,849
68$1,432,611$0$0$575,642
69$1,475,711$0$0$592,881
70$1,519,961$0$0$610,572
71$1,565,378$0$0$628,719
72$1,611,974$0$0$647,328
73$1,659,761$0$0$666,401
74$1,708,749$0$0$685,940
75$1,758,943$0$0$705,946
76$1,810,348$0$0$726,420
77$1,862,964$0$0$747,358
78$1,916,788$0$0$768,758
79$1,971,812$0$0$790,613
80$2,028,022$0$0$812,916
81$2,085,402$0$0$835,656
82$2,143,925$0$0$858,820
83$2,203,561$0$0$882,392
84$2,264,270$0$0$906,351
85$2,326,003$0$0$930,673
86$2,388,703$0$0$955,330
87$2,452,300$0$0$980,289
88$2,516,712$0$0$1,005,510
89$2,581,844$0$0$1,030,949
90$2,647,584$0$0$1,056,553
91$2,713,806$0$0$1,082,263
92$2,780,361$0$0$1,108,010
93$2,847,082$0$0$1,133,717
94$2,913,778$0$0$1,159,296
95$2,980,229$0$0$1,184,647
96$3,046,189$0$0$1,209,658
97$3,111,380$0$0$1,234,201
98$3,175,486$0$0$1,258,135
99$3,238,154$0$0$1,281,297
100$3,298,985$0$0$1,303,510