Can I retire at age 50 with 632,000?

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 $632,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$52,190$51,725$51,272$50,829$50,397$48,570
2 years$25,837$25,355$24,889$24,437$23,998$22,178
3 years$17,053$16,570$16,105$15,657$15,226$13,469
4 years$12,663$12,181$11,720$11,280$10,859$9,179
5 years$10,029$9,550$9,095$8,664$8,255$6,657
6 years$8,273$7,798$7,350$6,929$6,532$5,016
7 years$7,020$6,549$6,108$5,697$5,312$3,879
8 years$6,081$5,614$5,180$4,779$4,407$3,054
9 years$5,350$4,888$4,462$4,070$3,711$2,438
10 years$4,766$4,308$3,890$3,509$3,162$1,966
11 years$4,289$3,835$3,425$3,054$2,720$1,598
12 years$3,891$3,442$3,039$2,678$2,357$1,306
13 years$3,555$3,111$2,715$2,365$2,055$1,073
14 years$3,267$2,828$2,440$2,099$1,801$886
15 years$3,018$2,583$2,203$1,872$1,586$733
16 years$2,800$2,370$1,997$1,676$1,402$608
17 years$2,608$2,183$1,817$1,506$1,243$506
18 years$2,437$2,017$1,659$1,357$1,105$421
19 years$2,285$1,869$1,519$1,226$985$352
20 years$2,148$1,737$1,394$1,111$880$294
21 years$2,024$1,618$1,282$1,008$787$245
22 years$1,912$1,510$1,182$917$706$205
23 years$1,809$1,413$1,091$835$634$172
24 years$1,716$1,323$1,009$761$569$144
25 years$1,629$1,242$935$695$512$121
26 years$1,550$1,167$867$636$462$101
27 years$1,477$1,099$805$582$416$85
28 years$1,409$1,035$748$533$376$71
29 years$1,345$977$696$489$339$60
30 years$1,286$922$649$449$306$50
31 years$1,231$872$605$412$277$42
32 years$1,180$825$564$379$251$35
33 years$1,132$781$527$348$227$30
34 years$1,087$740$492$320$205$25
35 years$1,044$702$460$295$186$21
36 years$1,004$667$430$272$168$18
37 years$966$633$403$250$153$15
38 years$930$602$377$231$138$12
39 years$896$572$353$213$126$10
40 years$864$544$331$196$114$9
41 years$834$518$311$181$103$7
42 years$805$493$291$167$94$6
43 years$777$470$273$154$85$5
44 years$751$448$257$142$77$4
45 years$726$427$241$132$70$4
46 years$702$408$226$121$64$3
47 years$679$389$213$112$58$3
48 years$658$371$200$104$52$2
49 years$637$355$188$96$48$2
50 years$617$339$177$89$43$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $632,000, adding $6,220 every year, while hoping to spend $48,156 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: 34/48/18 Blend
49$632,000$632,000$632,000$632,000
50$702,880$669,384$659,588$722,694
51$723,336$650,946$630,447$719,357
52$744,265$629,991$598,715$710,848
53$765,663$606,344$564,255$700,655
54$787,527$579,821$526,924$688,658
55$809,850$550,227$486,571$674,728
56$832,623$517,356$443,039$658,728
57$855,833$480,990$396,164$640,514
58$879,467$440,897$345,774$619,933
59$903,506$396,835$291,692$596,821
60$927,929$348,545$233,728$571,007
61$952,710$295,755$171,690$542,307
62$977,817$238,178$105,372$510,527
63$1,003,214$175,509$34,563$475,461
64$1,028,861$107,428$0$436,891
65$1,054,708$33,595$0$402,460
66$1,080,700$0$0$371,643
67$1,106,774$0$0$362,060
68$1,132,855$0$0$370,175
69$1,158,863$0$0$378,209
70$1,184,702$0$0$386,127
71$1,210,268$0$0$393,887
72$1,235,441$0$0$401,442
73$1,260,085$0$0$408,740
74$1,284,050$0$0$415,722
75$1,307,165$0$0$422,323
76$1,329,241$0$0$428,470
77$1,350,064$0$0$434,081
78$1,369,396$0$0$439,064
79$1,386,972$0$0$443,317
80$1,402,493$0$0$446,727
81$1,415,630$0$0$449,169
82$1,426,015$0$0$450,501
83$1,433,238$0$0$450,567
84$1,436,844$0$0$449,195
85$1,436,326$0$0$446,193
86$1,431,122$0$0$441,346
87$1,420,608$0$0$434,418
88$1,404,092$0$0$425,148
89$1,380,808$0$0$413,244
90$1,349,903$0$0$398,385
91$1,310,436$0$0$380,215
92$1,261,364$0$0$358,338
93$1,201,529$0$0$332,320
94$1,129,654$0$0$301,677
95$1,044,323$0$0$265,875
96$943,970$0$0$224,325
97$826,866$0$0$176,373
98$691,094$0$0$121,299
99$534,541$0$0$58,306
100$354,867$0$0$0