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%17.3%
1 years$51,694$51,234$50,785$50,346$49,918$48,437
2 years$25,591$25,115$24,653$24,205$23,771$22,290
3 years$16,891$16,413$15,952$15,508$15,081$13,648
4 years$12,542$12,065$11,609$11,173$10,756$9,382
5 years$9,934$9,459$9,009$8,582$8,176$6,865
6 years$8,195$7,724$7,281$6,863$6,470$5,221
7 years$6,954$6,487$6,050$5,642$5,262$4,077
8 years$6,023$5,560$5,131$4,733$4,365$3,243
9 years$5,299$4,841$4,419$4,032$3,676$2,615
10 years$4,721$4,267$3,853$3,475$3,132$2,131
11 years$4,248$3,799$3,392$3,025$2,694$1,751
12 years$3,854$3,410$3,010$2,653$2,334$1,448
13 years$3,521$3,081$2,690$2,342$2,036$1,204
14 years$3,236$2,801$2,417$2,079$1,784$1,005
15 years$2,989$2,559$2,182$1,854$1,571$842
16 years$2,773$2,348$1,978$1,660$1,389$707
17 years$2,583$2,162$1,800$1,492$1,231$596
18 years$2,414$1,998$1,643$1,344$1,095$503
19 years$2,263$1,852$1,504$1,215$976$425
20 years$2,128$1,721$1,381$1,100$872$359
21 years$2,005$1,603$1,270$998$780$304
22 years$1,894$1,496$1,170$908$699$258
23 years$1,792$1,399$1,081$827$628$219
24 years$1,699$1,311$999$754$564$186
25 years$1,614$1,230$926$689$508$158
26 years$1,535$1,156$858$630$457$134
27 years$1,463$1,088$797$576$412$114
28 years$1,395$1,025$741$528$372$97
29 years$1,333$967$690$484$336$83
30 years$1,274$914$642$444$303$70
31 years$1,220$864$599$408$274$60
32 years$1,169$817$559$375$248$51
33 years$1,121$774$522$345$225$44
34 years$1,076$733$487$317$203$37
35 years$1,034$696$456$292$184$32
36 years$994$660$426$269$167$27
37 years$957$627$399$248$151$23
38 years$921$596$374$229$137$20
39 years$888$567$350$211$124$17
40 years$856$539$328$194$113$14
41 years$826$513$308$179$102$12
42 years$797$489$289$165$93$10
43 years$770$466$271$153$84$9
44 years$744$444$254$141$76$7
45 years$719$423$239$130$69$6
46 years$695$404$224$120$63$5
47 years$673$385$211$111$57$5
48 years$651$368$198$103$52$4
49 years$631$351$186$95$47$3
50 years$611$336$175$88$43$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $626,000, adding $6,984 every year, while hoping to spend $43,250 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: 39/33/28 Blend
49$626,000$626,000$626,000$626,000
50$697,056$663,878$654,175$718,230
51$722,138$650,390$630,072$720,843
52$748,329$634,792$603,712$719,166
53$775,696$616,935$574,974$716,528
54$804,312$596,660$543,731$712,867
55$834,256$573,800$509,851$708,123
56$865,614$548,180$473,194$702,230
57$898,477$519,611$433,616$695,123
58$932,946$487,897$390,967$686,730
59$969,131$452,827$345,088$676,983
60$1,007,148$414,182$295,814$665,806
61$1,047,126$371,726$242,974$653,126
62$1,089,206$325,214$186,386$638,863
63$1,133,539$274,383$125,864$622,940
64$1,180,291$218,959$61,212$605,275
65$1,229,642$158,649$0$585,786
66$1,281,789$93,147$0$566,715
67$1,336,948$22,127$0$565,318
68$1,395,351$0$0$563,271
69$1,457,255$0$0$580,441
70$1,522,941$0$0$607,227
71$1,592,713$0$0$635,724
72$1,666,907$0$0$666,074
73$1,745,888$0$0$698,433
74$1,830,058$0$0$732,972
75$1,919,855$0$0$769,878
76$2,015,759$0$0$809,356
77$2,118,298$0$0$851,631
78$2,228,050$0$0$896,948
79$2,345,647$0$0$945,580
80$2,471,785$0$0$997,822
81$2,607,226$0$0$1,053,999
82$2,752,806$0$0$1,114,471
83$2,909,444$0$0$1,179,629
84$3,078,149$0$0$1,249,905
85$3,260,027$0$0$1,325,773
86$3,456,297$0$0$1,407,753
87$3,668,293$0$0$1,496,417
88$3,897,487$0$0$1,592,395
89$4,145,491$0$0$1,696,379
90$4,414,081$0$0$1,809,127
91$4,705,209$0$0$1,931,478
92$5,021,019$0$0$2,064,349
93$5,363,873$0$0$2,208,753
94$5,736,365$0$0$2,365,801
95$6,141,350$0$0$2,536,719
96$6,581,971$0$0$2,722,854
97$7,061,681$0$0$2,925,687
98$7,584,286$0$0$3,146,849
99$8,153,969$0$0$3,388,137
100$8,775,336$0$0$3,651,525