Can I retire at age 50 with 641,000?

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 $641,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$52,933$52,462$52,002$51,553$51,114$49,379
2 years$26,205$25,717$25,244$24,785$24,340$22,610
3 years$17,296$16,806$16,334$15,880$15,442$13,771
4 years$12,843$12,354$11,887$11,441$11,014$9,413
5 years$10,172$9,686$9,225$8,787$8,372$6,848
6 years$8,391$7,909$7,455$7,027$6,625$5,177
7 years$7,120$6,642$6,195$5,778$5,388$4,017
8 years$6,167$5,694$5,254$4,847$4,470$3,175
9 years$5,426$4,957$4,525$4,128$3,764$2,543
10 years$4,834$4,370$3,945$3,559$3,207$2,058
11 years$4,350$3,890$3,473$3,097$2,758$1,679
12 years$3,947$3,491$3,083$2,717$2,390$1,379
13 years$3,606$3,155$2,754$2,398$2,084$1,138
14 years$3,314$2,868$2,474$2,129$1,827$943
15 years$3,061$2,620$2,234$1,899$1,609$783
16 years$2,840$2,404$2,026$1,700$1,422$653
17 years$2,645$2,214$1,843$1,527$1,261$545
18 years$2,472$2,046$1,683$1,377$1,121$456
19 years$2,318$1,896$1,540$1,244$999$382
20 years$2,179$1,762$1,414$1,127$892$321
21 years$2,053$1,641$1,300$1,022$799$270
22 years$1,939$1,532$1,198$930$716$227
23 years$1,835$1,433$1,107$847$643$191
24 years$1,740$1,342$1,023$772$578$161
25 years$1,653$1,260$948$705$520$135
26 years$1,572$1,184$879$645$468$114
27 years$1,498$1,114$816$590$422$96
28 years$1,429$1,050$759$541$381$81
29 years$1,365$990$706$496$344$68
30 years$1,305$935$658$455$311$58
31 years$1,249$884$613$418$281$49
32 years$1,197$837$572$384$254$41
33 years$1,148$792$534$353$230$35
34 years$1,102$751$499$325$208$29
35 years$1,059$712$467$299$189$25
36 years$1,018$676$437$276$171$21
37 years$980$642$409$254$155$18
38 years$943$610$383$234$140$15
39 years$909$580$358$216$127$13
40 years$876$552$336$199$115$11
41 years$845$526$315$184$105$9
42 years$816$500$296$169$95$8
43 years$788$477$277$156$86$6
44 years$762$455$260$144$78$5
45 years$736$433$244$133$71$5
46 years$712$414$230$123$65$4
47 years$689$395$216$114$59$3
48 years$667$377$203$105$53$3
49 years$646$360$191$97$48$2
50 years$626$344$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 $641,000, adding $2,709 every year, while hoping to spend $20,279 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: 37/34/29 Blend
49$641,000$641,000$641,000$641,000
50$709,176$675,203$665,268$729,189
51$759,936$686,712$665,978$755,766
52$815,193$698,104$666,031$782,419
53$875,385$709,354$665,386$810,826
54$940,994$720,431$663,996$841,158
55$1,012,548$731,306$661,813$873,606
56$1,090,632$741,944$658,788$908,380
57$1,175,887$752,310$654,868$945,715
58$1,269,019$762,365$649,998$985,868
59$1,370,807$772,068$644,120$1,029,124
60$1,482,105$781,375$637,174$1,075,798
61$1,603,857$790,240$629,097$1,126,240
62$1,737,102$798,613$619,822$1,180,835
63$1,882,981$806,440$609,281$1,240,009
64$2,042,754$813,664$597,401$1,304,234
65$2,217,806$820,225$584,105$1,374,030
66$2,409,665$826,058$569,315$1,449,974
67$2,620,010$831,095$552,947$1,532,700
68$2,850,695$835,263$534,915$1,622,913
69$3,103,758$838,483$515,127$1,721,389
70$3,381,446$840,673$493,488$1,828,985
71$3,686,233$841,745$469,899$1,946,650
72$4,020,844$841,606$444,256$2,075,430
73$4,388,282$840,156$416,450$2,216,482
74$4,791,854$837,291$386,369$2,371,082
75$5,235,203$832,899$353,892$2,540,642
76$5,722,343$826,860$318,897$2,726,718
77$6,257,695$819,050$281,253$2,931,029
78$6,846,132$809,334$240,826$3,155,474
79$7,493,018$797,573$197,475$3,402,148
80$8,204,267$783,615$151,052$3,673,365
81$8,986,393$767,303$101,403$3,971,678
82$9,846,572$748,468$48,367$4,299,904
83$10,792,712$726,932$0$4,661,156
84$11,833,525$702,508$0$5,061,412
85$12,978,609$674,996$0$5,518,050
86$14,238,541$644,184$0$6,020,326
87$15,624,973$609,850$0$6,572,910
88$17,150,746$571,758$0$7,180,954
89$18,830,006$529,659$0$7,850,135
90$20,678,342$483,287$0$8,586,717
91$22,712,931$432,366$0$9,397,602
92$24,952,697$376,599$0$10,290,400
93$27,418,495$315,676$0$11,273,505
94$30,133,305$249,267$0$12,356,167
95$33,122,446$177,025$0$13,548,586
96$36,413,819$98,583$0$14,862,006
97$40,038,168$13,553$0$16,308,825
98$44,029,369$0$0$17,902,708
99$48,424,754$0$0$19,688,083
100$53,265,456$0$0$21,660,047