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%19%
1 years$52,851$52,380$51,921$51,472$51,034$49,185
2 years$26,164$25,676$25,204$24,746$24,302$22,459
3 years$17,269$16,780$16,309$15,855$15,418$13,639
4 years$12,823$12,335$11,869$11,423$10,996$9,295
5 years$10,156$9,671$9,211$8,774$8,359$6,741
6 years$8,378$7,897$7,443$7,016$6,614$5,080
7 years$7,109$6,632$6,186$5,769$5,379$3,928
8 years$6,158$5,685$5,246$4,839$4,463$3,093
9 years$5,418$4,950$4,518$4,122$3,758$2,469
10 years$4,827$4,363$3,939$3,553$3,202$1,991
11 years$4,343$3,884$3,468$3,092$2,754$1,618
12 years$3,941$3,486$3,078$2,712$2,387$1,323
13 years$3,600$3,150$2,750$2,395$2,081$1,087
14 years$3,309$2,864$2,471$2,126$1,824$897
15 years$3,056$2,616$2,231$1,896$1,606$742
16 years$2,835$2,400$2,022$1,697$1,420$616
17 years$2,641$2,210$1,840$1,525$1,259$512
18 years$2,468$2,042$1,680$1,374$1,119$427
19 years$2,314$1,893$1,538$1,242$998$356
20 years$2,175$1,759$1,411$1,125$891$297
21 years$2,050$1,638$1,298$1,021$797$249
22 years$1,936$1,529$1,197$928$715$208
23 years$1,832$1,430$1,105$845$642$174
24 years$1,737$1,340$1,022$771$577$146
25 years$1,650$1,258$946$704$519$122
26 years$1,570$1,182$878$644$467$103
27 years$1,495$1,112$815$589$421$86
28 years$1,426$1,048$758$540$380$72
29 years$1,362$989$705$495$343$61
30 years$1,303$934$657$454$310$51
31 years$1,247$883$612$417$280$43
32 years$1,195$835$571$384$254$36
33 years$1,146$791$533$353$230$30
34 years$1,100$750$498$324$208$25
35 years$1,057$711$466$299$188$21
36 years$1,016$675$436$275$171$18
37 years$978$641$408$253$155$15
38 years$942$609$382$234$140$13
39 years$908$579$358$215$127$11
40 years$875$551$335$199$115$9
41 years$844$525$315$183$105$7
42 years$815$500$295$169$95$6
43 years$787$476$277$156$86$5
44 years$760$454$260$144$78$4
45 years$735$433$244$133$71$4
46 years$711$413$229$123$64$3
47 years$688$394$215$114$59$3
48 years$666$376$202$105$53$2
49 years$645$359$190$97$48$2
50 years$625$343$179$90$44$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $640,000, adding $4,741 every year, while hoping to spend $38,968 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: 61/33/6 Blend
49$640,000$640,000$640,000$640,000
50$710,170$676,250$666,330$752,414
51$741,146$667,925$647,191$772,895
52$773,975$657,886$626,104$790,285
53$808,806$646,007$602,964$808,260
54$845,800$632,157$577,658$826,876
55$885,133$616,195$550,072$846,196
56$927,000$597,972$520,083$866,291
57$971,613$577,331$487,564$887,241
58$1,019,203$554,105$452,383$909,137
59$1,070,024$528,119$414,400$932,080
60$1,124,355$499,186$373,472$956,183
61$1,182,502$467,108$329,445$981,575
62$1,244,798$431,678$282,163$1,008,398
63$1,311,612$392,674$231,459$1,036,813
64$1,383,345$349,864$177,163$1,067,000
65$1,460,441$303,003$119,092$1,099,159
66$1,543,385$251,828$57,060$1,133,516
67$1,632,709$196,067$0$1,170,321
68$1,728,999$135,428$0$1,210,441
69$1,832,898$69,604$0$1,257,538
70$1,945,112$0$0$1,308,320
71$2,066,417$0$0$1,363,817
72$2,197,668$0$0$1,451,250
73$2,339,800$0$0$1,545,973
74$2,493,847$0$0$1,648,679
75$2,660,940$0$0$1,760,129
76$2,842,328$0$0$1,881,160
77$3,039,382$0$0$2,012,694
78$3,253,610$0$0$2,155,744
79$3,486,671$0$0$2,311,424
80$3,740,393$0$0$2,480,960
81$4,016,784$0$0$2,665,703
82$4,318,055$0$0$2,867,138
83$4,646,640$0$0$3,086,900
84$5,005,217$0$0$3,326,788
85$5,396,735$0$0$3,588,782
86$5,824,438$0$0$3,875,064
87$6,291,900$0$0$4,188,034
88$6,803,054$0$0$4,530,335
89$7,362,232$0$0$4,904,876
90$7,974,201$0$0$5,314,863
91$8,644,214$0$0$5,763,824
92$9,378,052$0$0$6,255,644
93$10,182,083$0$0$6,794,604
94$11,063,321$0$0$7,385,415
95$12,029,490$0$0$8,033,268
96$13,089,095$0$0$8,743,880
97$14,251,507$0$0$9,523,548
98$15,527,046$0$0$10,379,208
99$16,927,079$0$0$11,318,499
100$18,464,128$0$0$12,349,838