Can I retire at age 50 with 762,000?

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 $762,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$62,925$62,365$61,818$61,284$60,763$59,954
2 years$31,151$30,571$30,009$29,464$28,935$28,121
3 years$20,561$19,978$19,418$18,878$18,357$17,564
4 years$15,267$14,686$14,131$13,600$13,093$12,326
5 years$12,092$11,514$10,966$10,446$9,953$9,215
6 years$9,975$9,402$8,862$8,354$7,875$7,167
7 years$8,464$7,896$7,365$6,868$6,405$5,727
8 years$7,331$6,768$6,246$5,762$5,313$4,665
9 years$6,451$5,893$5,380$4,908$4,475$3,856
10 years$5,747$5,194$4,690$4,230$3,813$3,223
11 years$5,171$4,624$4,129$3,682$3,279$2,718
12 years$4,692$4,151$3,664$3,229$2,841$2,309
13 years$4,286$3,751$3,274$2,851$2,478$1,973
14 years$3,939$3,409$2,942$2,531$2,172$1,693
15 years$3,639$3,115$2,656$2,257$1,912$1,459
16 years$3,376$2,858$2,408$2,021$1,690$1,262
17 years$3,144$2,632$2,191$1,816$1,499$1,095
18 years$2,939$2,432$2,000$1,636$1,333$952
19 years$2,755$2,254$1,831$1,479$1,188$829
20 years$2,590$2,094$1,680$1,339$1,061$724
21 years$2,441$1,951$1,546$1,215$949$632
22 years$2,305$1,821$1,425$1,105$851$554
23 years$2,181$1,703$1,315$1,006$764$485
24 years$2,068$1,596$1,217$918$687$425
25 years$1,965$1,497$1,127$838$618$373
26 years$1,869$1,407$1,045$766$557$328
27 years$1,780$1,325$970$702$502$288
28 years$1,698$1,248$902$643$453$254
29 years$1,622$1,177$839$589$409$223
30 years$1,551$1,112$782$541$369$197
31 years$1,485$1,051$729$497$334$173
32 years$1,423$995$680$457$302$153
33 years$1,365$942$635$420$273$135
34 years$1,310$893$593$386$248$119
35 years$1,259$847$555$356$224$105
36 years$1,210$804$519$328$203$92
37 years$1,165$763$486$302$184$81
38 years$1,121$725$455$278$167$72
39 years$1,080$690$426$256$151$63
40 years$1,042$656$399$237$137$56
41 years$1,005$625$375$218$125$49
42 years$970$595$351$201$113$44
43 years$937$567$330$186$103$38
44 years$905$540$309$172$93$34
45 years$875$515$291$159$85$30
46 years$847$492$273$146$77$26
47 years$819$469$256$135$70$23
48 years$793$448$241$125$63$21
49 years$768$428$226$116$57$18
50 years$744$409$213$107$52$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $762,000, adding $5,711 every year, while hoping to spend $45,542 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: 33/42/25 Blend
49$762,000$762,000$762,000$762,000
50$845,615$805,229$793,418$866,915
51$883,411$796,229$771,541$874,445
52$923,537$785,261$747,405$878,064
53$966,180$772,182$720,886$881,056
54$1,011,549$756,838$691,854$883,395
55$1,059,871$739,066$660,175$885,058
56$1,111,393$718,696$625,706$886,022
57$1,166,389$695,545$588,301$886,269
58$1,225,155$669,422$547,804$885,782
59$1,288,019$640,122$504,053$884,549
60$1,355,339$607,429$456,881$882,561
61$1,427,507$571,118$406,111$879,816
62$1,504,956$530,945$351,558$876,318
63$1,588,157$486,657$293,031$872,075
64$1,677,630$437,985$230,329$867,106
65$1,773,945$384,643$163,242$861,440
66$1,877,728$326,331$91,551$855,115
67$1,989,667$262,731$15,028$848,183
68$2,110,516$193,508$0$840,707
69$2,241,105$118,307$0$850,546
70$2,382,347$36,753$0$865,457
71$2,535,245$0$0$881,618
72$2,700,899$0$0$923,067
73$2,880,523$0$0$986,526
74$3,075,449$0$0$1,055,491
75$3,287,141$0$0$1,130,493
76$3,517,214$0$0$1,212,117
77$3,767,440$0$0$1,301,005
78$4,039,770$0$0$1,397,865
79$4,336,351$0$0$1,503,476
80$4,659,546$0$0$1,618,694
81$5,011,955$0$0$1,744,464
82$5,396,439$0$0$1,881,822
83$5,816,149$0$0$2,031,914
84$6,274,551$0$0$2,195,996
85$6,775,462$0$0$2,375,454
86$7,323,085$0$0$2,571,815
87$7,922,046$0$0$2,786,757
88$8,577,439$0$0$3,022,131
89$9,294,874$0$0$3,279,973
90$10,080,527$0$0$3,562,528
91$10,941,200$0$0$3,872,264
92$11,884,385$0$0$4,211,904
93$12,918,330$0$0$4,584,445
94$14,052,123$0$0$4,993,187
95$15,295,770$0$0$5,441,766
96$16,660,295$0$0$5,934,187
97$18,157,839$0$0$6,474,862
98$19,801,775$0$0$7,068,651
99$21,606,835$0$0$7,720,906
100$23,589,248$0$0$8,437,527