Can I retire at age 50 with 634,000?

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 $634,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$52,355$51,889$51,434$50,990$50,556$49,698
2 years$25,918$25,436$24,968$24,514$24,074$23,213
3 years$17,107$16,622$16,156$15,707$15,274$14,435
4 years$12,703$12,219$11,757$11,316$10,893$10,084
5 years$10,060$9,580$9,124$8,692$8,281$7,504
6 years$8,300$7,823$7,374$6,951$6,552$5,808
7 years$7,042$6,570$6,128$5,715$5,329$4,617
8 years$6,100$5,631$5,197$4,794$4,421$3,742
9 years$5,367$4,903$4,476$4,083$3,723$3,077
10 years$4,781$4,322$3,902$3,520$3,172$2,558
11 years$4,302$3,848$3,435$3,063$2,728$2,145
12 years$3,904$3,453$3,049$2,687$2,364$1,811
13 years$3,566$3,121$2,724$2,372$2,062$1,538
14 years$3,278$2,837$2,447$2,106$1,807$1,313
15 years$3,027$2,591$2,210$1,878$1,591$1,124
16 years$2,809$2,378$2,003$1,681$1,406$966
17 years$2,616$2,190$1,823$1,511$1,247$833
18 years$2,445$2,023$1,664$1,362$1,109$719
19 years$2,292$1,875$1,524$1,230$988$622
20 years$2,155$1,743$1,398$1,114$883$540
21 years$2,031$1,623$1,286$1,011$790$468
22 years$1,918$1,515$1,185$919$708$407
23 years$1,815$1,417$1,094$837$636$354
24 years$1,721$1,328$1,012$764$571$309
25 years$1,635$1,246$937$697$514$269
26 years$1,555$1,171$869$638$463$235
27 years$1,481$1,102$807$584$417$205
28 years$1,413$1,038$751$535$377$179
29 years$1,350$980$698$490$340$156
30 years$1,291$925$651$450$307$137
31 years$1,235$875$607$413$278$119
32 years$1,184$828$566$380$251$104
33 years$1,135$784$528$349$227$91
34 years$1,090$743$494$321$206$80
35 years$1,047$705$462$296$187$70
36 years$1,007$669$432$273$169$61
37 years$969$635$404$251$153$54
38 years$933$604$378$231$139$47
39 years$899$574$355$213$126$41
40 years$867$546$332$197$114$36
41 years$836$520$312$182$104$32
42 years$807$495$292$168$94$28
43 years$780$472$274$155$85$24
44 years$753$450$257$143$77$21
45 years$728$429$242$132$70$19
46 years$704$409$227$122$64$16
47 years$682$390$213$113$58$14
48 years$660$373$200$104$53$12
49 years$639$356$188$96$48$11
50 years$619$340$177$89$43$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $634,000, adding $2,053 every year, while hoping to spend $40,301 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: 52/34/14 Blend
49$634,000$634,000$634,000$634,000
50$700,786$667,184$657,357$734,491
51$729,386$656,996$636,498$747,576
52$759,553$644,958$613,590$757,355
53$791,403$630,937$588,522$767,083
54$825,065$614,792$561,176$776,764
55$860,678$596,373$531,432$786,409
56$898,395$575,523$499,162$796,031
57$938,381$552,073$464,234$805,645
58$980,819$525,848$426,509$815,272
59$1,025,907$496,659$385,842$824,940
60$1,073,864$464,309$342,081$834,680
61$1,124,926$428,589$295,069$844,531
62$1,179,355$389,276$244,641$854,540
63$1,237,435$346,137$190,622$864,762
64$1,299,480$298,924$132,835$875,262
65$1,365,833$247,377$71,090$886,116
66$1,436,868$191,219$5,192$897,413
67$1,512,998$130,158$0$909,255
68$1,594,674$63,886$0$931,490
69$1,682,393$0$0$955,985
70$1,776,699$0$0$985,116
71$1,878,189$0$0$1,042,235
72$1,987,520$0$0$1,103,813
73$2,105,411$0$0$1,170,263
74$2,232,655$0$0$1,242,038
75$2,370,122$0$0$1,319,635
76$2,518,767$0$0$1,403,601
77$2,679,640$0$0$1,494,536
78$2,853,898$0$0$1,593,101
79$3,042,809$0$0$1,700,022
80$3,247,771$0$0$1,816,099
81$3,470,318$0$0$1,942,209
82$3,712,140$0$0$2,079,321
83$3,975,095$0$0$2,228,496
84$4,261,228$0$0$2,390,906
85$4,572,787$0$0$2,567,837
86$4,912,248$0$0$2,760,707
87$5,282,335$0$0$2,971,074
88$5,686,046$0$0$3,200,654
89$6,126,679$0$0$3,451,338
90$6,607,868$0$0$3,725,205
91$7,133,611$0$0$4,024,543
92$7,708,309$0$0$4,351,874
93$8,336,809$0$0$4,709,973
94$9,024,448$0$0$5,101,896
95$9,777,099$0$0$5,531,007
96$10,601,234$0$0$6,001,012
97$11,503,978$0$0$6,515,992
98$12,493,176$0$0$7,080,440
99$13,577,469$0$0$7,699,306
100$14,766,375$0$0$8,378,041