Can I retire at age 50 with 753,000?

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 $753,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$62,182$61,628$61,088$60,560$60,045$58,054
2 years$30,783$30,210$29,654$29,116$28,593$26,606
3 years$20,318$19,742$19,188$18,655$18,141$16,220
4 years$15,087$14,513$13,964$13,440$12,938$11,099
5 years$11,949$11,378$10,837$10,323$9,835$8,083
6 years$9,857$9,291$8,758$8,255$7,782$6,118
7 years$8,364$7,803$7,278$6,787$6,329$4,752
8 years$7,245$6,688$6,172$5,694$5,251$3,760
9 years$6,375$5,823$5,316$4,850$4,422$3,016
10 years$5,679$5,133$4,635$4,180$3,768$2,444
11 years$5,110$4,570$4,080$3,638$3,240$1,997
12 years$4,636$4,101$3,621$3,191$2,808$1,641
13 years$4,236$3,707$3,235$2,817$2,449$1,356
14 years$3,893$3,369$2,907$2,501$2,146$1,125
15 years$3,596$3,078$2,624$2,230$1,890$937
16 years$3,336$2,824$2,379$1,997$1,670$782
17 years$3,107$2,601$2,165$1,794$1,481$654
18 years$2,904$2,403$1,977$1,617$1,317$548
19 years$2,722$2,227$1,809$1,461$1,174$460
20 years$2,559$2,070$1,661$1,323$1,048$387
21 years$2,412$1,928$1,527$1,201$938$325
22 years$2,278$1,799$1,408$1,092$841$274
23 years$2,156$1,683$1,300$995$755$231
24 years$2,044$1,577$1,202$907$678$195
25 years$1,941$1,480$1,113$828$611$164
26 years$1,847$1,391$1,033$757$550$139
27 years$1,759$1,309$959$693$496$117
28 years$1,678$1,233$891$635$447$99
29 years$1,603$1,164$830$583$404$83
30 years$1,533$1,099$773$535$365$71
31 years$1,467$1,039$720$491$330$60
32 years$1,406$983$672$451$299$50
33 years$1,349$931$628$415$270$43
34 years$1,295$882$586$382$245$36
35 years$1,244$837$548$351$222$30
36 years$1,196$794$513$324$201$26
37 years$1,151$754$480$298$182$22
38 years$1,108$717$449$275$165$18
39 years$1,068$682$421$253$150$16
40 years$1,029$649$395$234$136$13
41 years$993$617$370$216$123$11
42 years$959$588$347$199$112$9
43 years$926$560$326$184$101$8
44 years$895$534$306$170$92$7
45 years$865$509$287$157$84$6
46 years$837$486$270$145$76$5
47 years$809$464$253$134$69$4
48 years$784$443$238$124$63$3
49 years$759$423$224$114$57$3
50 years$735$404$210$106$52$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $753,000, adding $3,034 every year, while hoping to spend $29,232 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: 72/13/15 Blend
49$753,000$753,000$753,000$753,000
50$832,936$793,027$781,355$889,894
51$886,792$800,782$776,428$935,824
52$945,163$807,938$770,356$982,255
53$1,008,477$814,434$763,070$1,032,332
54$1,077,206$820,206$754,497$1,086,411
55$1,151,870$825,186$744,562$1,144,883
56$1,233,041$829,300$733,185$1,208,179
57$1,321,347$832,472$720,283$1,276,774
58$1,417,481$834,619$705,769$1,351,193
59$1,522,203$835,654$689,551$1,432,014
60$1,636,350$835,484$671,534$1,519,874
61$1,760,846$834,011$651,618$1,615,475
62$1,896,704$831,129$629,699$1,719,593
63$2,045,042$826,729$605,668$1,833,081
64$2,207,089$820,691$579,410$1,956,882
65$2,384,198$812,891$550,807$2,092,034
66$2,577,860$803,196$519,733$2,239,682
67$2,789,716$791,466$486,057$2,401,089
68$3,021,571$777,553$449,645$2,577,647
69$3,275,416$761,297$410,352$2,770,890
70$3,553,441$742,533$368,032$2,982,512
71$3,858,058$721,084$322,527$3,214,377
72$4,191,924$696,761$273,676$3,468,545
73$4,557,966$669,368$221,309$3,747,283
74$4,959,405$638,694$165,250$4,053,092
75$5,399,792$604,517$105,314$4,388,729
76$5,883,036$566,604$41,307$4,757,237
77$6,413,443$524,705$0$5,161,965
78$6,995,758$478,559$0$5,610,932
79$7,635,205$427,889$0$6,111,226
80$8,337,541$372,400$0$6,660,757
81$9,109,107$311,785$0$7,264,513
82$9,956,889$245,715$0$7,927,992
83$10,888,582$173,845$0$8,657,254
84$11,912,664$95,811$0$9,458,975
85$13,038,477$11,226$0$10,340,514
86$14,276,310$0$0$11,309,979
87$15,637,501$0$0$12,387,797
88$17,134,541$0$0$13,574,991
89$18,781,193$0$0$14,880,873
90$20,592,620$0$0$16,317,473
91$22,585,528$0$0$17,898,048
92$24,778,325$0$0$19,637,202
93$27,191,294$0$0$21,551,025
94$29,846,781$0$0$23,657,251
95$32,769,410$0$0$25,975,413
96$35,986,312$0$0$28,527,040
97$39,527,382$0$0$31,335,850
98$43,425,562$0$0$34,427,978
99$47,717,146$0$0$37,832,224
100$52,442,131$0$0$41,580,319