Can I retire at age 50 with 640,000?

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 $640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$52,851$52,380$51,921$51,472$51,034$49,580
2 years$26,164$25,676$25,204$24,746$24,302$22,848
3 years$17,269$16,780$16,309$15,855$15,418$14,010
4 years$12,823$12,335$11,869$11,423$10,996$9,645
5 years$10,156$9,671$9,211$8,774$8,359$7,068
6 years$8,378$7,897$7,443$7,016$6,614$5,385
7 years$7,109$6,632$6,186$5,769$5,379$4,212
8 years$6,158$5,685$5,246$4,839$4,463$3,356
9 years$5,418$4,950$4,518$4,122$3,758$2,712
10 years$4,827$4,363$3,939$3,553$3,202$2,214
11 years$4,343$3,884$3,468$3,092$2,754$1,823
12 years$3,941$3,486$3,078$2,712$2,387$1,510
13 years$3,600$3,150$2,750$2,395$2,081$1,258
14 years$3,309$2,864$2,471$2,126$1,824$1,053
15 years$3,056$2,616$2,231$1,896$1,606$884
16 years$2,835$2,400$2,022$1,697$1,420$744
17 years$2,641$2,210$1,840$1,525$1,259$628
18 years$2,468$2,042$1,680$1,374$1,119$531
19 years$2,314$1,893$1,538$1,242$998$450
20 years$2,175$1,759$1,411$1,125$891$381
21 years$2,050$1,638$1,298$1,021$797$324
22 years$1,936$1,529$1,197$928$715$275
23 years$1,832$1,430$1,105$845$642$234
24 years$1,737$1,340$1,022$771$577$199
25 years$1,650$1,258$946$704$519$170
26 years$1,570$1,182$878$644$467$145
27 years$1,495$1,112$815$589$421$123
28 years$1,426$1,048$758$540$380$105
29 years$1,362$989$705$495$343$90
30 years$1,303$934$657$454$310$77
31 years$1,247$883$612$417$280$65
32 years$1,195$835$571$384$254$56
33 years$1,146$791$533$353$230$48
34 years$1,100$750$498$324$208$41
35 years$1,057$711$466$299$188$35
36 years$1,016$675$436$275$171$30
37 years$978$641$408$253$155$25
38 years$942$609$382$234$140$22
39 years$908$579$358$215$127$19
40 years$875$551$335$199$115$16
41 years$844$525$315$183$105$14
42 years$815$500$295$169$95$12
43 years$787$476$277$156$86$10
44 years$760$454$260$144$78$8
45 years$735$433$244$133$71$7
46 years$711$413$229$123$64$6
47 years$688$394$215$114$59$5
48 years$666$376$202$105$53$4
49 years$645$359$190$97$48$4
50 years$625$343$179$90$44$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $640,000, adding $5,348 every year, while hoping to spend $26,571 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: 69/20/11 Blend
49$640,000$640,000$640,000$640,000
50$710,796$676,876$666,956$757,844
51$755,026$681,772$661,028$794,663
52$802,877$686,017$654,011$831,215
53$854,690$689,551$645,840$870,502
54$910,841$692,311$636,447$912,789
55$971,741$694,229$625,763$958,366
56$1,037,845$695,233$613,712$1,007,555
57$1,109,652$695,246$600,218$1,060,711
58$1,187,710$694,187$585,199$1,118,225
59$1,272,624$691,969$568,571$1,180,529
60$1,365,057$688,502$550,244$1,248,099
61$1,465,742$683,687$530,126$1,321,459
62$1,575,482$677,422$508,119$1,401,188
63$1,695,163$669,597$484,123$1,487,927
64$1,825,759$660,097$458,031$1,582,379
65$1,968,343$648,799$429,732$1,685,321
66$2,124,096$635,572$399,110$1,797,612
67$2,294,318$620,279$366,044$1,920,196
68$2,480,440$602,774$330,408$2,054,119
69$2,684,037$582,903$292,069$2,200,529
70$2,906,845$560,501$250,890$2,360,697
71$3,150,775$535,397$206,725$2,536,023
72$3,417,928$507,406$159,426$2,728,050
73$3,710,624$476,336$108,833$2,938,483
74$4,031,413$441,981$54,784$3,169,200
75$4,383,104$404,126$0$3,422,272
76$4,768,794$362,541$0$3,700,326
77$5,191,890$316,985$0$4,012,424
78$5,656,147$267,201$0$4,354,932
79$6,165,701$212,922$0$4,730,938
80$6,725,108$153,860$0$5,143,845
81$7,339,385$89,715$0$5,597,406
82$8,014,060$20,168$0$6,095,757
83$8,755,222$0$0$6,643,458
84$9,569,581$0$0$7,257,666
85$10,464,526$0$0$7,937,571
86$11,448,199$0$0$8,684,924
87$12,529,570$0$0$9,506,545
88$13,718,521$0$0$10,409,947
89$15,025,940$0$0$11,403,410
90$16,463,821$0$0$12,496,053
91$18,045,381$0$0$13,697,924
92$19,785,181$0$0$15,020,095
93$21,699,265$0$0$16,474,765
94$23,805,308$0$0$18,075,374
95$26,122,789$0$0$19,836,730
96$28,673,168$0$0$21,775,151
97$31,480,089$0$0$23,908,617
98$34,569,607$0$0$26,256,936
99$37,970,430$0$0$28,841,937
100$41,714,192$0$0$31,687,673