Can I retire at age 50 with 626,000?

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 $626,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$51,694$51,234$50,785$50,346$49,918$49,624
2 years$25,591$25,115$24,653$24,205$23,771$23,474
3 years$16,891$16,413$15,952$15,508$15,081$14,791
4 years$12,542$12,065$11,609$11,173$10,756$10,475
5 years$9,934$9,459$9,009$8,582$8,176$7,905
6 years$8,195$7,724$7,281$6,863$6,470$6,208
7 years$6,954$6,487$6,050$5,642$5,262$5,010
8 years$6,023$5,560$5,131$4,733$4,365$4,124
9 years$5,299$4,841$4,419$4,032$3,676$3,445
10 years$4,721$4,267$3,853$3,475$3,132$2,911
11 years$4,248$3,799$3,392$3,025$2,694$2,482
12 years$3,854$3,410$3,010$2,653$2,334$2,133
13 years$3,521$3,081$2,690$2,342$2,036$1,843
14 years$3,236$2,801$2,417$2,079$1,784$1,601
15 years$2,989$2,559$2,182$1,854$1,571$1,397
16 years$2,773$2,348$1,978$1,660$1,389$1,223
17 years$2,583$2,162$1,800$1,492$1,231$1,074
18 years$2,414$1,998$1,643$1,344$1,095$946
19 years$2,263$1,852$1,504$1,215$976$835
20 years$2,128$1,721$1,381$1,100$872$738
21 years$2,005$1,603$1,270$998$780$654
22 years$1,894$1,496$1,170$908$699$580
23 years$1,792$1,399$1,081$827$628$515
24 years$1,699$1,311$999$754$564$458
25 years$1,614$1,230$926$689$508$408
26 years$1,535$1,156$858$630$457$364
27 years$1,463$1,088$797$576$412$324
28 years$1,395$1,025$741$528$372$289
29 years$1,333$967$690$484$336$258
30 years$1,274$914$642$444$303$231
31 years$1,220$864$599$408$274$206
32 years$1,169$817$559$375$248$185
33 years$1,121$774$522$345$225$165
34 years$1,076$733$487$317$203$148
35 years$1,034$696$456$292$184$132
36 years$994$660$426$269$167$119
37 years$957$627$399$248$151$106
38 years$921$596$374$229$137$95
39 years$888$567$350$211$124$85
40 years$856$539$328$194$113$76
41 years$826$513$308$179$102$68
42 years$797$489$289$165$93$61
43 years$770$466$271$153$84$55
44 years$744$444$254$141$76$49
45 years$719$423$239$130$69$44
46 years$695$404$224$120$63$40
47 years$673$385$211$111$57$36
48 years$651$368$198$103$52$32
49 years$631$351$186$95$47$29
50 years$611$336$175$88$43$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $626,000, adding $5,558 every year, while hoping to spend $25,225 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: 52/29/19 Blend
49$626,000$626,000$626,000$626,000
50$695,585$662,407$652,704$727,855
51$739,696$668,026$647,730$756,263
52$787,460$673,074$641,745$784,056
53$839,224$677,498$634,687$813,743
54$895,369$681,240$626,492$845,512
55$956,312$684,236$617,096$879,569
56$1,022,515$686,423$606,427$916,147
57$1,094,483$687,729$594,414$955,498
58$1,172,773$688,081$580,980$997,906
59$1,257,999$687,399$566,046$1,043,681
60$1,350,834$685,601$549,527$1,093,169
61$1,452,021$682,597$531,338$1,146,749
62$1,562,376$678,293$511,387$1,204,845
63$1,682,798$672,589$489,578$1,267,921
64$1,814,276$665,379$465,812$1,336,494
65$1,957,900$656,550$439,984$1,411,132
66$2,114,868$645,984$411,986$1,492,465
67$2,286,501$633,554$381,704$1,581,188
68$2,474,252$619,125$349,019$1,678,072
69$2,679,721$602,558$313,806$1,783,965
70$2,904,670$583,701$275,937$1,899,806
71$3,151,040$562,396$235,275$2,026,632
72$3,420,968$538,476$191,678$2,165,590
73$3,716,807$511,761$144,999$2,317,944
74$4,041,149$482,065$95,084$2,485,093
75$4,396,849$449,188$41,772$2,668,579
76$4,787,050$412,921$0$2,870,110
77$5,215,216$373,041$0$3,094,631
78$5,685,161$329,313$0$3,350,394
79$6,201,088$281,490$0$3,631,252
80$6,767,624$229,308$0$3,939,779
81$7,389,869$172,491$0$4,278,810
82$8,073,439$110,747$0$4,651,477
83$8,824,522$43,766$0$5,061,230
84$9,649,934$0$0$5,511,876
85$10,557,186$0$0$6,016,796
86$11,554,551$0$0$6,587,290
87$12,651,144$0$0$7,214,613
88$13,857,007$0$0$7,904,518
89$15,183,205$0$0$8,663,346
90$16,641,928$0$0$9,498,079
91$18,246,606$0$0$10,416,414
92$20,012,039$0$0$11,426,830
93$21,954,530$0$0$12,538,668
94$24,092,046$0$0$13,762,222
95$26,444,380$0$0$15,108,833
96$29,033,343$0$0$16,590,999
97$31,882,966$0$0$18,222,490
98$35,019,730$0$0$20,018,478
99$38,472,812$0$0$21,995,682
100$42,274,362$0$0$24,172,523