Can I retire at age 50 with 628,000?

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 $628,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$51,860$51,398$50,947$50,507$50,078$48,907
2 years$25,673$25,195$24,732$24,282$23,846$22,673
3 years$16,945$16,465$16,003$15,558$15,129$13,991
4 years$12,582$12,104$11,646$11,209$10,790$9,695
5 years$9,965$9,489$9,038$8,609$8,203$7,154
6 years$8,221$7,749$7,304$6,885$6,490$5,489
7 years$6,976$6,507$6,070$5,660$5,278$4,325
8 years$6,042$5,578$5,147$4,748$4,379$3,472
9 years$5,316$4,857$4,434$4,045$3,688$2,828
10 years$4,736$4,281$3,865$3,486$3,142$2,328
11 years$4,262$3,811$3,403$3,034$2,702$1,932
12 years$3,867$3,421$3,020$2,661$2,342$1,615
13 years$3,533$3,091$2,698$2,350$2,042$1,357
14 years$3,247$2,810$2,424$2,086$1,790$1,145
15 years$2,999$2,567$2,189$1,860$1,576$970
16 years$2,782$2,355$1,984$1,666$1,393$825
17 years$2,591$2,169$1,806$1,496$1,235$702
18 years$2,422$2,004$1,648$1,349$1,098$600
19 years$2,271$1,857$1,509$1,219$979$513
20 years$2,134$1,726$1,385$1,104$874$439
21 years$2,011$1,608$1,274$1,002$782$377
22 years$1,900$1,501$1,174$911$701$323
23 years$1,798$1,404$1,084$829$630$278
24 years$1,705$1,315$1,003$756$566$239
25 years$1,619$1,234$929$691$509$206
26 years$1,540$1,160$861$632$459$177
27 years$1,467$1,092$800$578$414$153
28 years$1,400$1,029$743$530$373$132
29 years$1,337$970$692$486$337$113
30 years$1,278$916$644$446$304$98
31 years$1,224$866$601$409$275$84
32 years$1,173$820$561$376$249$73
33 years$1,125$776$523$346$225$63
34 years$1,080$736$489$318$204$54
35 years$1,037$698$457$293$185$47
36 years$997$662$428$270$167$41
37 years$960$629$400$249$152$35
38 years$924$598$375$229$138$30
39 years$890$569$351$211$125$26
40 years$859$541$329$195$113$23
41 years$828$515$309$180$103$19
42 years$800$490$290$166$93$17
43 years$772$467$272$153$85$15
44 years$746$445$255$141$77$13
45 years$721$425$239$131$70$11
46 years$698$405$225$121$63$9
47 years$675$387$211$112$57$8
48 years$654$369$199$103$52$7
49 years$633$352$187$95$47$6
50 years$613$337$175$88$43$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $628,000, adding $2,374 every year, while hoping to spend $36,981 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: 60/16/24 Blend
49$628,000$628,000$628,000$628,000
50$694,505$661,221$651,487$731,592
51$725,997$654,273$633,964$750,124
52$759,461$645,746$614,615$766,115
53$795,061$635,522$593,339$782,759
54$832,973$623,478$570,032$800,126
55$873,392$609,484$544,583$818,294
56$916,530$593,401$516,879$837,355
57$962,621$575,083$486,800$857,406
58$1,011,921$554,374$454,220$878,561
59$1,064,709$531,110$419,008$900,945
60$1,121,293$505,118$381,028$924,697
61$1,182,010$476,214$340,138$949,976
62$1,247,230$444,204$296,188$976,956
63$1,317,359$408,881$249,021$1,005,832
64$1,392,843$370,030$198,477$1,036,822
65$1,474,171$327,419$144,384$1,070,171
66$1,561,881$280,808$86,566$1,106,148
67$1,656,565$229,939$24,838$1,145,056
68$1,758,870$174,542$0$1,187,230
69$1,869,510$114,330$0$1,243,553
70$1,989,270$49,001$0$1,311,403
71$2,119,011$0$0$1,384,929
72$2,259,680$0$0$1,468,532
73$2,412,321$0$0$1,568,652
74$2,578,079$0$0$1,677,420
75$2,758,215$0$0$1,795,669
76$2,954,115$0$0$1,924,315
77$3,167,306$0$0$2,064,365
78$3,399,467$0$0$2,216,929
79$3,652,444$0$0$2,383,227
80$3,928,271$0$0$2,564,604
81$4,229,186$0$0$2,762,536
82$4,557,652$0$0$2,978,653
83$4,916,379$0$0$3,214,745
84$5,308,353$0$0$3,472,786
85$5,736,859$0$0$3,754,945
86$6,205,515$0$0$4,063,615
87$6,718,304$0$0$4,401,428
88$7,279,612$0$0$4,771,282
89$7,894,268$0$0$5,176,370
90$8,567,592$0$0$5,620,207
91$9,305,440$0$0$6,106,665
92$10,114,263$0$0$6,640,007
93$11,001,166$0$0$7,224,929
94$11,973,973$0$0$7,866,604
95$13,041,304$0$0$8,570,730
96$14,212,650$0$0$9,343,580
97$15,498,469$0$0$10,192,068
98$16,910,280$0$0$11,123,809
99$18,460,772$0$0$12,147,190
100$20,163,921$0$0$13,271,451