Can I retire at age 50 with 630,000?

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 $630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$52,025$51,561$51,109$50,668$50,237$48,282
2 years$25,755$25,275$24,810$24,360$23,922$21,976
3 years$16,999$16,518$16,054$15,607$15,177$13,302
4 years$12,622$12,142$11,683$11,244$10,825$9,033
5 years$9,997$9,520$9,067$8,637$8,229$6,527
6 years$8,247$7,773$7,327$6,907$6,511$4,899
7 years$6,998$6,528$6,089$5,678$5,295$3,773
8 years$6,061$5,596$5,164$4,764$4,393$2,959
9 years$5,333$4,872$4,448$4,057$3,699$2,352
10 years$4,751$4,295$3,878$3,498$3,152$1,888
11 years$4,275$3,823$3,414$3,044$2,711$1,527
12 years$3,879$3,432$3,030$2,670$2,349$1,243
13 years$3,544$3,101$2,707$2,357$2,049$1,017
14 years$3,257$2,819$2,432$2,092$1,796$835
15 years$3,008$2,575$2,196$1,866$1,581$687
16 years$2,791$2,363$1,991$1,671$1,397$567
17 years$2,600$2,176$1,812$1,501$1,239$469
18 years$2,430$2,011$1,654$1,353$1,102$389
19 years$2,278$1,863$1,514$1,222$982$323
20 years$2,141$1,732$1,389$1,107$877$268
21 years$2,018$1,613$1,278$1,005$785$223
22 years$1,906$1,506$1,178$914$704$186
23 years$1,804$1,408$1,088$832$632$155
24 years$1,710$1,319$1,006$759$568$129
25 years$1,624$1,238$932$693$511$107
26 years$1,545$1,164$864$634$460$90
27 years$1,472$1,095$802$580$415$75
28 years$1,404$1,032$746$531$374$62
29 years$1,341$973$694$487$338$52
30 years$1,282$919$646$447$305$43
31 years$1,228$869$603$411$276$36
32 years$1,176$822$562$378$250$30
33 years$1,128$779$525$347$226$25
34 years$1,083$738$491$319$205$21
35 years$1,041$700$459$294$185$18
36 years$1,001$664$429$271$168$15
37 years$963$631$402$250$152$12
38 years$927$600$376$230$138$10
39 years$893$570$352$212$125$9
40 years$861$543$330$196$114$7
41 years$831$517$310$180$103$6
42 years$802$492$290$167$93$5
43 years$775$469$273$154$85$4
44 years$749$447$256$142$77$3
45 years$724$426$240$131$70$3
46 years$700$406$226$121$63$2
47 years$677$388$212$112$58$2
48 years$656$370$199$103$52$2
49 years$635$354$187$96$48$1
50 years$615$338$176$88$43$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $630,000, adding $6,761 every year, while hoping to spend $37,566 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: 79/8/13 Blend
49$630,000$630,000$630,000$630,000
50$701,234$667,844$658,079$754,322
51$732,790$660,598$640,155$782,949
52$766,305$651,739$620,371$808,837
53$801,941$641,146$598,626$836,166
54$839,872$628,695$574,812$865,062
55$880,289$614,252$548,819$895,668
56$923,404$597,676$520,530$928,137
57$969,447$578,817$489,823$962,644
58$1,018,669$557,518$456,571$999,375
59$1,071,348$533,611$420,641$1,038,541
60$1,127,786$506,918$381,893$1,080,373
61$1,188,317$477,254$340,183$1,125,124
62$1,253,304$444,419$295,358$1,173,076
63$1,323,150$408,204$247,261$1,224,538
64$1,398,293$368,387$195,726$1,279,853
65$1,479,216$324,736$140,581$1,339,398
66$1,566,450$277,002$81,644$1,403,591
67$1,660,577$224,924$18,728$1,472,891
68$1,762,237$168,226$0$1,547,805
69$1,872,133$106,617$0$1,635,611
70$1,991,038$39,789$0$1,733,419
71$2,119,802$0$0$1,839,341
72$2,259,359$0$0$1,957,031
73$2,410,735$0$0$2,088,504
74$2,575,061$0$0$2,231,240
75$2,753,579$0$0$2,386,321
76$2,947,655$0$0$2,554,937
77$3,158,793$0$0$2,738,396
78$3,388,647$0$0$2,938,137
79$3,639,038$0$0$3,155,746
80$3,911,967$0$0$3,392,965
81$4,209,641$0$0$3,651,713
82$4,534,485$0$0$3,934,103
83$4,889,171$0$0$4,242,458
84$5,276,637$0$0$4,579,339
85$5,700,121$0$0$4,947,563
86$6,163,187$0$0$5,350,231
87$6,669,757$0$0$5,790,758
88$7,224,152$0$0$6,272,906
89$7,831,129$0$0$6,800,814
90$8,495,926$0$0$7,379,044
91$9,224,312$0$0$8,012,616
92$10,022,641$0$0$8,707,062
93$10,897,908$0$0$9,468,471
94$11,857,821$0$0$10,303,552
95$12,910,867$0$0$11,219,695
96$14,066,396$0$0$12,225,037
97$15,334,705$0$0$13,328,544
98$16,727,139$0$0$14,540,090
99$18,256,191$0$0$15,870,553
100$19,935,628$0$0$17,331,915