Can I retire at age 50 with 643,000?

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 $643,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$53,098$52,625$52,164$51,714$51,274$49,259
2 years$26,286$25,797$25,322$24,862$24,416$22,411
3 years$17,350$16,858$16,385$15,929$15,491$13,558
4 years$12,883$12,393$11,924$11,476$11,048$9,203
5 years$10,203$9,716$9,254$8,815$8,399$6,645
6 years$8,417$7,934$7,478$7,049$6,645$4,986
7 years$7,142$6,663$6,215$5,796$5,405$3,837
8 years$6,186$5,711$5,270$4,862$4,484$3,008
9 years$5,443$4,973$4,539$4,141$3,776$2,389
10 years$4,849$4,383$3,958$3,570$3,217$1,916
11 years$4,364$3,902$3,484$3,107$2,767$1,549
12 years$3,959$3,502$3,092$2,725$2,398$1,260
13 years$3,617$3,165$2,763$2,406$2,091$1,030
14 years$3,324$2,877$2,482$2,136$1,833$845
15 years$3,070$2,628$2,241$1,905$1,614$695
16 years$2,849$2,411$2,032$1,705$1,426$574
17 years$2,653$2,221$1,849$1,532$1,265$474
18 years$2,480$2,052$1,688$1,381$1,124$393
19 years$2,325$1,902$1,545$1,248$1,002$326
20 years$2,185$1,767$1,418$1,130$895$270
21 years$2,059$1,646$1,304$1,026$801$225
22 years$1,945$1,537$1,202$933$718$187
23 years$1,841$1,437$1,110$849$645$155
24 years$1,745$1,347$1,027$775$579$129
25 years$1,658$1,264$951$707$521$108
26 years$1,577$1,188$882$647$470$90
27 years$1,502$1,118$819$592$423$75
28 years$1,433$1,053$761$542$382$62
29 years$1,369$994$708$497$345$52
30 years$1,309$938$660$456$312$43
31 years$1,253$887$615$419$282$36
32 years$1,201$839$574$385$255$30
33 years$1,152$795$536$354$231$25
34 years$1,105$753$501$326$209$21
35 years$1,062$715$468$300$189$18
36 years$1,021$678$438$276$171$15
37 years$983$644$410$255$155$12
38 years$946$612$384$235$141$10
39 years$912$582$360$216$128$9
40 years$879$554$337$200$116$7
41 years$848$527$316$184$105$6
42 years$819$502$296$170$95$5
43 years$791$478$278$157$87$4
44 years$764$456$261$145$79$3
45 years$739$435$245$134$71$3
46 years$714$415$230$124$65$2
47 years$691$396$216$114$59$2
48 years$669$378$203$106$53$2
49 years$648$361$191$98$49$1
50 years$628$345$180$90$44$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $643,000, adding $5,178 every year, while hoping to spend $49,151 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: 58/32/10 Blend
49$643,000$643,000$643,000$643,000
50$713,927$679,848$669,882$753,340
51$734,451$660,864$640,026$761,507
52$755,422$639,303$607,524$764,442
53$776,832$614,986$572,233$766,449
54$798,673$587,725$534,007$767,445
55$820,934$557,320$492,693$767,338
56$843,601$523,560$448,129$766,034
57$866,656$486,222$400,150$763,428
58$890,079$445,071$348,578$759,410
59$913,844$399,856$293,233$753,862
60$937,922$350,315$233,922$746,657
61$962,278$296,168$170,446$737,659
62$986,872$237,122$102,597$726,721
63$1,011,657$172,865$30,159$713,688
64$1,036,580$103,070$0$698,391
65$1,061,581$27,390$0$685,683
66$1,086,588$0$0$674,100
67$1,111,523$0$0$679,446
68$1,136,295$0$0$694,303
69$1,160,803$0$0$708,961
70$1,184,933$0$0$723,344
71$1,208,553$0$0$737,370
72$1,231,520$0$0$750,944
73$1,253,670$0$0$763,962
74$1,274,820$0$0$776,304
75$1,294,766$0$0$787,839
76$1,313,278$0$0$798,420
77$1,330,102$0$0$807,882
78$1,344,952$0$0$816,043
79$1,357,511$0$0$822,697
80$1,367,425$0$0$827,617
81$1,374,301$0$0$830,550
82$1,377,702$0$0$831,217
83$1,377,140$0$0$829,303
84$1,372,078$0$0$824,464
85$1,361,914$0$0$816,314
86$1,345,986$0$0$804,426
87$1,323,555$0$0$788,329
88$1,293,805$0$0$767,499
89$1,255,831$0$0$741,355
90$1,208,630$0$0$709,254
91$1,151,093$0$0$670,486
92$1,081,991$0$0$624,264
93$999,966$0$0$569,717
94$903,514$0$0$505,882
95$790,973$0$0$431,694
96$660,504$0$0$345,977
97$510,077$0$0$247,430
98$337,445$0$0$134,615
99$140,128$0$0$5,945
100$0$0$0$0