Can I retire at age 50 with 637,000?

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 $637,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$52,603$52,134$51,677$51,231$50,795$50,202
2 years$26,041$25,556$25,086$24,630$24,188$23,591
3 years$17,188$16,701$16,232$15,781$15,346$14,764
4 years$12,763$12,277$11,813$11,369$10,945$10,382
5 years$10,108$9,625$9,167$8,733$8,320$7,778
6 years$8,339$7,860$7,409$6,984$6,583$6,062
7 years$7,076$6,601$6,157$5,742$5,354$4,855
8 years$6,129$5,658$5,221$4,816$4,442$3,964
9 years$5,393$4,926$4,497$4,103$3,741$3,284
10 years$4,804$4,342$3,921$3,536$3,187$2,752
11 years$4,323$3,866$3,452$3,078$2,741$2,327
12 years$3,922$3,470$3,063$2,700$2,375$1,981
13 years$3,583$3,136$2,737$2,383$2,071$1,697
14 years$3,293$2,850$2,459$2,116$1,816$1,461
15 years$3,042$2,604$2,220$1,887$1,599$1,262
16 years$2,822$2,389$2,013$1,689$1,413$1,095
17 years$2,629$2,200$1,832$1,518$1,253$952
18 years$2,457$2,033$1,672$1,368$1,114$830
19 years$2,303$1,884$1,531$1,236$993$725
20 years$2,165$1,751$1,405$1,120$887$635
21 years$2,040$1,631$1,292$1,016$794$557
22 years$1,927$1,522$1,191$924$711$489
23 years$1,824$1,424$1,100$841$639$429
24 years$1,729$1,334$1,017$767$574$378
25 years$1,642$1,252$942$701$516$333
26 years$1,562$1,177$874$641$465$293
27 years$1,488$1,107$811$586$419$259
28 years$1,420$1,043$754$537$378$228
29 years$1,356$984$702$493$342$202
30 years$1,297$930$654$452$309$178
31 years$1,241$879$609$415$279$157
32 years$1,189$831$569$382$253$139
33 years$1,141$787$531$351$229$123
34 years$1,095$746$496$323$207$109
35 years$1,052$708$464$297$187$96
36 years$1,012$672$434$274$170$85
37 years$974$638$406$252$154$75
38 years$937$606$380$233$140$67
39 years$903$577$356$214$127$59
40 years$871$549$334$198$115$52
41 years$840$522$313$182$104$46
42 years$811$497$294$168$94$41
43 years$783$474$276$155$86$36
44 years$757$452$259$144$78$32
45 years$732$431$243$133$71$29
46 years$708$411$228$122$64$25
47 years$685$392$214$113$58$22
48 years$663$374$201$105$53$20
49 years$642$357$189$97$48$18
50 years$622$341$178$89$44$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $637,000, adding $6,707 every year, while hoping to spend $38,645 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: 80/13/7 Blend
49$637,000$637,000$637,000$637,000
50$708,892$675,131$665,258$764,530
51$740,081$667,095$646,426$793,907
52$773,156$657,369$625,668$820,355
53$808,269$645,831$602,879$848,209
54$845,585$632,349$577,948$877,589
55$885,286$616,786$550,760$908,628
56$927,570$598,993$521,196$941,473
57$972,655$578,816$489,128$976,285
58$1,020,778$556,091$454,426$1,013,241
59$1,072,200$530,642$416,952$1,052,539
60$1,127,208$502,287$376,563$1,094,395
61$1,186,114$470,829$333,109$1,139,048
62$1,249,262$436,065$286,433$1,186,761
63$1,317,030$397,775$236,371$1,237,826
64$1,389,830$355,729$182,753$1,292,564
65$1,468,118$309,685$125,401$1,351,330
66$1,552,392$259,386$64,128$1,414,514
67$1,643,199$204,559$0$1,482,549
68$1,741,142$144,918$0$1,556,005
69$1,846,880$80,161$0$1,640,432
70$1,961,139$9,967$0$1,731,632
71$2,084,719$0$0$1,830,261
72$2,218,495$0$0$1,946,487
73$2,363,432$0$0$2,073,970
74$2,520,590$0$0$2,212,217
75$2,691,135$0$0$2,362,256
76$2,876,349$0$0$2,525,218
77$3,077,642$0$0$2,702,346
78$3,296,567$0$0$2,895,006
79$3,534,829$0$0$3,104,704
80$3,794,308$0$0$3,333,094
81$4,077,069$0$0$3,582,000
82$4,385,388$0$0$3,853,425
83$4,721,768$0$0$4,149,577
84$5,088,965$0$0$4,472,884
85$5,490,011$0$0$4,826,019
86$5,928,246$0$0$5,211,927
87$6,407,346$0$0$5,633,848
88$6,931,359$0$0$6,095,349
89$7,504,740$0$0$6,600,359
90$8,132,397$0$0$7,153,203
91$8,819,734$0$0$7,758,645
92$9,572,701$0$0$8,421,930
93$10,397,851$0$0$9,148,836
94$11,302,402$0$0$9,945,723
95$12,294,302$0$0$10,819,600
96$13,382,305$0$0$11,778,184
97$14,576,056$0$0$12,829,976
98$15,886,175$0$0$13,984,338
99$17,324,362$0$0$15,251,585
100$18,903,505$0$0$16,643,078