Can I retire at age 50 with 640,000?

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 $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%13.9%
1 years$52,851$52,380$51,921$51,472$51,034$50,210
2 years$26,164$25,676$25,204$24,746$24,302$23,473
3 years$17,269$16,780$16,309$15,855$15,418$14,611
4 years$12,823$12,335$11,869$11,423$10,996$10,218
5 years$10,156$9,671$9,211$8,774$8,359$7,611
6 years$8,378$7,897$7,443$7,016$6,614$5,897
7 years$7,109$6,632$6,186$5,769$5,379$4,694
8 years$6,158$5,685$5,246$4,839$4,463$3,808
9 years$5,418$4,950$4,518$4,122$3,758$3,135
10 years$4,827$4,363$3,939$3,553$3,202$2,609
11 years$4,343$3,884$3,468$3,092$2,754$2,191
12 years$3,941$3,486$3,078$2,712$2,387$1,852
13 years$3,600$3,150$2,750$2,395$2,081$1,575
14 years$3,309$2,864$2,471$2,126$1,824$1,346
15 years$3,056$2,616$2,231$1,896$1,606$1,155
16 years$2,835$2,400$2,022$1,697$1,420$994
17 years$2,641$2,210$1,840$1,525$1,259$857
18 years$2,468$2,042$1,680$1,374$1,119$742
19 years$2,314$1,893$1,538$1,242$998$643
20 years$2,175$1,759$1,411$1,125$891$558
21 years$2,050$1,638$1,298$1,021$797$485
22 years$1,936$1,529$1,197$928$715$422
23 years$1,832$1,430$1,105$845$642$368
24 years$1,737$1,340$1,022$771$577$321
25 years$1,650$1,258$946$704$519$280
26 years$1,570$1,182$878$644$467$245
27 years$1,495$1,112$815$589$421$214
28 years$1,426$1,048$758$540$380$187
29 years$1,362$989$705$495$343$164
30 years$1,303$934$657$454$310$144
31 years$1,247$883$612$417$280$126
32 years$1,195$835$571$384$254$110
33 years$1,146$791$533$353$230$96
34 years$1,100$750$498$324$208$85
35 years$1,057$711$466$299$188$74
36 years$1,016$675$436$275$171$65
37 years$978$641$408$253$155$57
38 years$942$609$382$234$140$50
39 years$908$579$358$215$127$44
40 years$875$551$335$199$115$38
41 years$844$525$315$183$105$34
42 years$815$500$295$169$95$30
43 years$787$476$277$156$86$26
44 years$760$454$260$144$78$23
45 years$735$433$244$133$71$20
46 years$711$413$229$123$64$18
47 years$688$394$215$114$59$15
48 years$666$376$202$105$53$14
49 years$645$359$190$97$48$12
50 years$625$343$179$90$44$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $640,000, adding $4,989 every year, while hoping to spend $26,681 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: 67/22/11 Blend
49$640,000$640,000$640,000$640,000
50$710,426$676,506$666,586$756,015
51$754,501$681,267$660,528$791,744
52$802,178$685,366$653,374$827,152
53$853,795$688,744$645,057$865,174
54$909,725$691,336$635,509$906,061
55$970,380$693,073$624,661$950,093
56$1,036,208$693,884$612,437$997,578
57$1,107,707$693,690$598,759$1,048,855
58$1,185,421$692,409$583,546$1,104,299
59$1,269,952$689,954$566,712$1,164,323
60$1,361,958$686,233$548,168$1,229,383
61$1,462,167$681,148$527,821$1,299,982
62$1,571,378$674,594$505,573$1,376,676
63$1,690,470$666,461$481,321$1,460,077
64$1,820,412$656,632$454,960$1,550,861
65$1,962,271$644,983$426,378$1,649,774
66$2,117,218$631,383$395,457$1,757,638
67$2,286,546$615,693$362,077$1,875,362
68$2,471,677$597,765$326,109$2,003,947
69$2,674,176$577,443$287,422$2,144,497
70$2,895,767$554,563$245,876$2,298,233
71$3,138,349$528,950$201,326$2,466,498
72$3,404,011$500,419$153,621$2,650,777
73$3,695,055$468,775$102,602$2,852,706
74$4,014,017$433,811$48,105$3,074,090
75$4,363,688$395,309$0$3,316,921
76$4,747,143$353,038$0$3,584,576
77$5,167,768$306,753$0$3,884,399
78$5,629,295$256,199$0$4,213,434
79$6,135,831$201,101$0$4,574,650
80$6,691,903$141,172$0$4,971,324
81$7,302,496$76,108$0$5,407,066
82$7,973,102$5,589$0$5,885,857
83$8,709,772$0$0$6,412,086
84$9,519,169$0$0$7,007,712
85$10,408,636$0$0$7,663,790
86$11,386,262$0$0$8,384,939
87$12,460,958$0$0$9,177,737
88$13,642,541$0$0$10,049,433
89$14,941,829$0$0$11,008,012
90$16,370,739$0$0$12,062,273
91$17,942,400$0$0$13,221,909
92$19,671,279$0$0$14,497,600
93$21,573,313$0$0$15,901,114
94$23,666,066$0$0$17,445,416
95$25,968,886$0$0$19,144,792
96$28,503,094$0$0$21,014,983
97$31,292,180$0$0$23,073,332
98$34,362,029$0$0$25,338,950
99$37,741,161$0$0$27,832,893
100$41,461,001$0$0$30,578,363