Can I retire at age 50 with 642,000?

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 $642,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$53,016$52,544$52,083$51,633$51,194$50,181
2 years$26,245$25,757$25,283$24,824$24,378$23,362
3 years$17,323$16,832$16,360$15,905$15,466$14,478
4 years$12,863$12,373$11,906$11,458$11,031$10,079
5 years$10,187$9,701$9,239$8,801$8,385$7,472
6 years$8,404$7,922$7,467$7,038$6,635$5,762
7 years$7,131$6,653$6,205$5,787$5,396$4,562
8 years$6,177$5,702$5,262$4,854$4,477$3,683
9 years$5,435$4,965$4,532$4,135$3,770$3,015
10 years$4,842$4,376$3,951$3,564$3,212$2,496
11 years$4,357$3,896$3,479$3,102$2,763$2,084
12 years$3,953$3,497$3,087$2,721$2,394$1,752
13 years$3,611$3,160$2,758$2,402$2,088$1,481
14 years$3,319$2,873$2,478$2,132$1,830$1,258
15 years$3,066$2,624$2,238$1,902$1,611$1,072
16 years$2,844$2,408$2,029$1,703$1,424$917
17 years$2,649$2,217$1,846$1,530$1,263$786
18 years$2,476$2,049$1,685$1,379$1,123$676
19 years$2,321$1,899$1,543$1,246$1,001$582
20 years$2,182$1,765$1,416$1,128$894$502
21 years$2,056$1,644$1,302$1,024$800$433
22 years$1,942$1,534$1,200$931$717$374
23 years$1,838$1,435$1,108$848$644$324
24 years$1,743$1,344$1,025$773$578$281
25 years$1,655$1,262$949$706$521$243
26 years$1,575$1,186$880$646$469$211
27 years$1,500$1,116$818$591$423$183
28 years$1,431$1,052$760$542$381$159
29 years$1,367$992$707$497$344$138
30 years$1,307$937$659$456$311$120
31 years$1,251$886$614$419$281$104
32 years$1,199$838$573$385$255$91
33 years$1,150$794$535$354$230$79
34 years$1,104$752$500$326$209$69
35 years$1,060$713$467$300$189$60
36 years$1,020$677$437$276$171$52
37 years$981$643$409$254$155$45
38 years$945$611$383$234$141$39
39 years$910$581$359$216$128$34
40 years$878$553$337$199$116$30
41 years$847$526$316$184$105$26
42 years$817$501$296$170$95$23
43 years$789$478$278$157$86$20
44 years$763$455$261$145$78$17
45 years$737$434$245$134$71$15
46 years$713$414$230$123$65$13
47 years$690$395$216$114$59$11
48 years$668$377$203$105$53$10
49 years$647$360$191$97$48$9
50 years$627$344$179$90$44$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $642,000, adding $3,030 every year, while hoping to spend $26,496 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: 46/42/12 Blend
49$642,000$642,000$642,000$642,000
50$710,609$676,583$666,632$740,763
51$754,900$681,544$660,773$766,914
52$802,820$685,861$653,829$792,310
53$854,712$689,472$645,737$819,268
54$910,953$692,316$636,429$847,943
55$971,955$694,324$625,834$878,507
56$1,038,174$695,426$613,879$911,149
57$1,110,110$695,544$600,487$946,081
58$1,188,314$694,599$585,576$983,535
59$1,273,392$692,504$569,062$1,023,770
60$1,366,009$689,168$550,858$1,067,074
61$1,466,900$684,495$530,869$1,113,763
62$1,576,870$678,382$509,000$1,164,191
63$1,696,809$670,720$485,149$1,218,745
64$1,827,692$661,394$459,210$1,277,860
65$1,970,597$650,283$431,074$1,342,011
66$2,126,707$637,256$400,624$1,411,728
67$2,297,326$622,176$367,740$1,487,598
68$2,483,890$604,900$332,296$1,570,268
69$2,687,979$585,272$294,160$1,660,455
70$2,911,333$563,130$253,194$1,758,952
71$3,155,868$538,303$209,255$1,866,639
72$3,423,694$510,608$162,193$1,984,485
73$3,717,136$479,852$111,852$2,113,565
74$4,038,752$445,833$58,066$2,255,065
75$4,391,360$408,334$667$2,410,299
76$4,778,065$367,128$0$2,580,718
77$5,202,285$321,976$0$2,775,683
78$5,667,787$272,621$0$2,989,807
79$6,178,719$218,797$0$3,224,987
80$6,739,649$160,219$0$3,483,414
81$7,355,611$96,588$0$3,767,509
82$8,032,150$27,587$0$4,079,941
83$8,775,373$0$0$4,423,661
84$9,592,010$0$0$4,823,698
85$10,489,471$0$0$5,277,421
86$11,475,925$0$0$5,776,218
87$12,560,368$0$0$6,324,647
88$13,752,712$0$0$6,927,732
89$15,063,877$0$0$7,591,009
90$16,505,895$0$0$8,320,574
91$18,092,023$0$0$9,123,146
92$19,836,865$0$0$10,006,127
93$21,756,514$0$0$10,977,674
94$23,868,700$0$0$12,046,772
95$26,192,959$0$0$13,223,324
96$28,750,817$0$0$14,518,240
97$31,565,991$0$0$15,943,540
98$34,664,614$0$0$17,512,470
99$38,075,481$0$0$19,239,626
100$41,830,323$0$0$21,141,090