Can I retire at age 50 with 644,000?

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 $644,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$53,181$52,707$52,245$51,794$51,353$49,730
2 years$26,327$25,837$25,362$24,901$24,454$22,833
3 years$17,377$16,885$16,411$15,954$15,515$13,947
4 years$12,903$12,412$11,943$11,494$11,065$9,563
5 years$10,219$9,731$9,268$8,829$8,412$6,979
6 years$8,431$7,946$7,490$7,060$6,656$5,293
7 years$7,153$6,673$6,224$5,805$5,413$4,121
8 years$6,196$5,720$5,279$4,869$4,491$3,269
9 years$5,452$4,980$4,546$4,148$3,782$2,628
10 years$4,857$4,390$3,964$3,575$3,222$2,135
11 years$4,370$3,908$3,490$3,112$2,771$1,749
12 years$3,965$3,508$3,097$2,729$2,401$1,441
13 years$3,623$3,170$2,767$2,410$2,094$1,194
14 years$3,329$2,881$2,486$2,139$1,836$994
15 years$3,075$2,632$2,245$1,908$1,616$829
16 years$2,853$2,415$2,035$1,708$1,428$694
17 years$2,657$2,224$1,852$1,535$1,267$582
18 years$2,484$2,055$1,690$1,383$1,126$490
19 years$2,328$1,905$1,548$1,250$1,004$412
20 years$2,189$1,770$1,420$1,132$897$347
21 years$2,063$1,649$1,306$1,027$802$293
22 years$1,948$1,539$1,204$934$719$248
23 years$1,844$1,439$1,112$851$646$209
24 years$1,748$1,349$1,028$776$580$177
25 years$1,660$1,266$952$708$522$150
26 years$1,579$1,189$883$648$470$127
27 years$1,505$1,119$820$593$424$107
28 years$1,435$1,055$762$543$383$91
29 years$1,371$995$709$498$346$77
30 years$1,311$940$661$457$312$65
31 years$1,255$888$616$420$282$55
32 years$1,202$841$575$386$255$47
33 years$1,153$796$537$355$231$40
34 years$1,107$754$501$327$209$34
35 years$1,064$716$469$301$189$29
36 years$1,023$679$439$277$172$24
37 years$984$645$411$255$156$21
38 years$948$613$384$235$141$18
39 years$913$583$360$217$128$15
40 years$880$555$338$200$116$13
41 years$849$528$317$184$105$11
42 years$820$503$297$170$96$9
43 years$792$479$279$157$87$8
44 years$765$457$262$145$79$7
45 years$740$435$246$134$71$6
46 years$715$415$231$124$65$5
47 years$692$396$217$114$59$4
48 years$670$378$204$106$53$3
49 years$649$361$191$98$49$3
50 years$629$345$180$90$44$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $644,000, adding $2,858 every year, while hoping to spend $32,187 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: 75/13/12 Blend
49$644,000$644,000$644,000$644,000
50$712,636$678,504$668,522$764,175
51$751,078$677,504$656,671$797,573
52$792,363$675,376$643,344$829,846
53$836,745$672,031$628,458$864,322
54$884,507$667,375$611,925$901,212
55$935,957$661,306$593,654$940,745
56$991,434$653,719$573,550$983,174
57$1,051,309$644,500$551,513$1,028,780
58$1,115,992$633,530$527,439$1,077,872
59$1,185,932$620,683$501,217$1,130,790
60$1,261,624$605,823$472,735$1,187,911
61$1,343,610$588,809$441,872$1,249,648
62$1,432,488$569,490$408,504$1,316,461
63$1,528,914$547,707$372,501$1,388,853
64$1,633,610$523,292$333,727$1,467,383
65$1,747,371$496,066$292,040$1,552,663
66$1,871,070$465,840$247,290$1,645,374
67$2,005,669$432,416$199,324$1,746,262
68$2,152,225$395,582$147,979$1,856,153
69$2,311,902$355,115$93,086$1,975,959
70$2,485,980$310,780$34,469$2,106,683
71$2,675,870$262,328$0$2,249,434
72$2,883,123$209,496$0$2,409,031
73$3,109,446$152,007$0$2,588,171
74$3,356,720$89,566$0$2,783,948
75$3,627,015$21,863$0$2,998,033
76$3,922,609$0$0$3,232,262
77$4,246,011$0$0$3,496,020
78$4,599,983$0$0$3,788,159
79$4,987,569$0$0$4,108,066
80$5,412,118$0$0$4,458,509
81$5,877,318$0$0$4,842,538
82$6,387,234$0$0$5,263,509
83$6,946,340$0$0$5,725,120
84$7,559,564$0$0$6,231,445
85$8,232,336$0$0$6,786,970
86$8,970,633$0$0$7,396,635
87$9,781,042$0$0$8,065,884
88$10,670,819$0$0$8,800,713
89$11,647,954$0$0$9,607,725
90$12,721,251$0$0$10,494,197
91$13,900,409$0$0$11,468,144
92$15,196,111$0$0$12,538,394
93$16,620,127$0$0$13,714,676
94$18,185,424$0$0$15,007,705
95$19,906,288$0$0$16,429,289
96$21,798,457$0$0$17,992,434
97$23,879,272$0$0$19,711,472
98$26,167,837$0$0$21,602,192
99$28,685,202$0$0$23,681,990
100$31,454,558$0$0$25,970,033