Can I retire at age 50 with 628,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%16.4%
1 years$51,860$51,398$50,947$50,507$50,078$48,768
2 years$25,673$25,195$24,732$24,282$23,846$22,536
3 years$16,945$16,465$16,003$15,558$15,129$13,859
4 years$12,582$12,104$11,646$11,209$10,790$9,570
5 years$9,965$9,489$9,038$8,609$8,203$7,035
6 years$8,221$7,749$7,304$6,885$6,490$5,378
7 years$6,976$6,507$6,070$5,660$5,278$4,220
8 years$6,042$5,578$5,147$4,748$4,379$3,375
9 years$5,316$4,857$4,434$4,045$3,688$2,737
10 years$4,736$4,281$3,865$3,486$3,142$2,243
11 years$4,262$3,811$3,403$3,034$2,702$1,854
12 years$3,867$3,421$3,020$2,661$2,342$1,542
13 years$3,533$3,091$2,698$2,350$2,042$1,290
14 years$3,247$2,810$2,424$2,086$1,790$1,083
15 years$2,999$2,567$2,189$1,860$1,576$913
16 years$2,782$2,355$1,984$1,666$1,393$772
17 years$2,591$2,169$1,806$1,496$1,235$655
18 years$2,422$2,004$1,648$1,349$1,098$556
19 years$2,271$1,857$1,509$1,219$979$473
20 years$2,134$1,726$1,385$1,104$874$403
21 years$2,011$1,608$1,274$1,002$782$344
22 years$1,900$1,501$1,174$911$701$294
23 years$1,798$1,404$1,084$829$630$251
24 years$1,705$1,315$1,003$756$566$215
25 years$1,619$1,234$929$691$509$184
26 years$1,540$1,160$861$632$459$157
27 years$1,467$1,092$800$578$414$135
28 years$1,400$1,029$743$530$373$115
29 years$1,337$970$692$486$337$99
30 years$1,278$916$644$446$304$85
31 years$1,224$866$601$409$275$73
32 years$1,173$820$561$376$249$62
33 years$1,125$776$523$346$225$54
34 years$1,080$736$489$318$204$46
35 years$1,037$698$457$293$185$40
36 years$997$662$428$270$167$34
37 years$960$629$400$249$152$29
38 years$924$598$375$229$138$25
39 years$890$569$351$211$125$21
40 years$859$541$329$195$113$18
41 years$828$515$309$180$103$16
42 years$800$490$290$166$93$14
43 years$772$467$272$153$85$12
44 years$746$445$255$141$77$10
45 years$721$425$239$131$70$9
46 years$698$405$225$121$63$7
47 years$675$387$211$112$57$6
48 years$654$369$199$103$52$5
49 years$633$352$187$95$47$5
50 years$613$337$175$88$43$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $628,000, adding $4,716 every year, while hoping to spend $37,130 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: 37/38/25 Blend
49$628,000$628,000$628,000$628,000
50$696,921$663,637$653,903$717,338
51$728,500$656,649$636,302$725,754
52$762,057$648,074$616,868$731,078
53$797,753$637,796$595,499$736,097
54$835,765$625,689$572,090$740,808
55$876,289$611,624$546,531$745,209
56$919,538$595,461$518,707$749,302
57$965,745$577,053$488,498$753,094
58$1,015,166$556,243$455,777$756,593
59$1,068,082$532,868$420,415$759,814
60$1,124,800$506,753$382,273$762,778
61$1,185,659$477,712$341,208$765,513
62$1,251,028$445,552$297,070$768,053
63$1,321,315$410,066$249,704$770,441
64$1,396,965$371,035$198,945$772,730
65$1,478,469$328,230$144,623$774,985
66$1,566,365$281,405$86,561$777,281
67$1,661,245$230,305$24,571$779,710
68$1,763,759$174,657$0$782,378
69$1,874,621$114,174$0$796,501
70$1,994,617$48,552$0$818,849
71$2,124,608$0$0$843,083
72$2,265,544$0$0$878,875
73$2,418,470$0$0$939,816
74$2,584,531$0$0$1,006,067
75$2,764,991$0$0$1,078,144
76$2,961,239$0$0$1,156,611
77$3,174,801$0$0$1,242,088
78$3,407,360$0$0$1,335,261
79$3,660,765$0$0$1,436,881
80$3,937,051$0$0$1,547,778
81$4,238,460$0$0$1,668,863
82$4,567,457$0$0$1,801,139
83$4,926,757$0$0$1,945,712
84$5,319,348$0$0$2,103,799
85$5,748,520$0$0$2,276,739
86$6,217,896$0$0$2,466,006
87$6,731,464$0$0$2,673,226
88$7,293,614$0$0$2,900,186
89$7,909,184$0$0$3,148,857
90$8,583,498$0$0$3,421,406
91$9,322,420$0$0$3,720,224
92$10,132,410$0$0$4,047,941
93$11,020,580$0$0$4,407,455
94$11,994,766$0$0$4,801,958
95$13,063,596$0$0$5,234,966
96$14,236,577$0$0$5,710,352
97$15,524,176$0$0$6,232,382
98$16,937,928$0$0$6,805,756
99$18,490,537$0$0$7,435,651
100$20,195,998$0$0$8,127,769