Can I retire at age 50 with 645,000?

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 $645,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$53,263$52,789$52,326$51,874$51,433$50,581
2 years$26,368$25,877$25,401$24,940$24,492$23,636
3 years$17,404$16,911$16,436$15,979$15,539$14,706
4 years$12,923$12,431$11,961$11,512$11,082$10,278
5 years$10,235$9,746$9,282$8,842$8,425$7,652
6 years$8,444$7,959$7,502$7,071$6,666$5,926
7 years$7,165$6,684$6,234$5,814$5,421$4,714
8 years$6,206$5,729$5,287$4,877$4,498$3,822
9 years$5,460$4,988$4,554$4,154$3,788$3,145
10 years$4,864$4,397$3,970$3,581$3,227$2,616
11 years$4,377$3,914$3,495$3,116$2,775$2,195
12 years$3,971$3,513$3,102$2,734$2,405$1,855
13 years$3,628$3,175$2,771$2,413$2,097$1,576
14 years$3,334$2,886$2,490$2,142$1,839$1,346
15 years$3,080$2,636$2,248$1,911$1,619$1,154
16 years$2,858$2,419$2,038$1,711$1,431$992
17 years$2,662$2,228$1,855$1,537$1,269$856
18 years$2,488$2,058$1,693$1,385$1,128$740
19 years$2,332$1,908$1,550$1,252$1,005$641
20 years$2,192$1,773$1,422$1,134$898$556
21 years$2,066$1,651$1,308$1,029$804$483
22 years$1,951$1,541$1,206$935$720$420
23 years$1,847$1,442$1,113$852$647$366
24 years$1,751$1,351$1,030$777$581$319
25 years$1,663$1,268$954$710$523$278
26 years$1,582$1,191$885$649$471$243
27 years$1,507$1,121$821$594$425$212
28 years$1,438$1,056$764$544$383$185
29 years$1,373$997$711$499$346$162
30 years$1,313$941$662$458$313$142
31 years$1,257$890$617$421$283$124
32 years$1,204$842$576$387$256$109
33 years$1,155$797$538$355$231$95
34 years$1,109$756$502$327$210$83
35 years$1,065$717$470$301$190$73
36 years$1,024$680$439$277$172$64
37 years$986$646$411$255$156$56
38 years$949$614$385$235$141$49
39 years$915$584$361$217$128$43
40 years$882$556$338$200$116$38
41 years$851$529$317$185$105$33
42 years$821$504$297$171$96$29
43 years$793$480$279$157$87$25
44 years$766$457$262$145$79$22
45 years$741$436$246$134$72$20
46 years$717$416$231$124$65$17
47 years$693$397$217$115$59$15
48 years$671$379$204$106$54$13
49 years$650$362$192$98$49$12
50 years$630$346$180$90$44$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $645,000, adding $4,750 every year, while hoping to spend $27,627 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: 68/11/21 Blend
49$645,000$645,000$645,000$645,000
50$715,690$681,505$671,507$760,288
51$759,295$685,503$664,608$794,733
52$806,422$688,772$656,551$828,752
53$857,401$691,246$647,270$865,303
54$912,595$692,856$636,692$904,634
55$972,403$693,529$624,744$947,019
56$1,037,262$693,186$611,347$992,760
57$1,107,656$691,745$596,420$1,042,193
58$1,184,115$689,118$579,878$1,095,686
59$1,267,222$685,213$561,632$1,153,647
60$1,357,619$679,929$541,587$1,216,524
61$1,456,013$673,162$519,647$1,284,813
62$1,563,180$664,801$495,709$1,359,063
63$1,679,976$654,728$469,667$1,439,878
64$1,807,341$642,817$441,409$1,527,923
65$1,946,313$628,938$410,818$1,623,935
66$2,098,030$612,949$377,774$1,728,726
67$2,263,747$594,702$342,148$1,843,191
68$2,444,847$574,040$303,807$1,968,319
69$2,642,850$550,797$262,614$2,105,201
70$2,859,432$524,797$218,422$2,255,039
71$3,096,436$495,853$171,081$2,419,162
72$3,355,892$463,770$120,432$2,599,035
73$3,640,037$428,339$66,310$2,796,272
74$3,951,333$389,339$8,544$3,012,657
75$4,292,491$346,539$0$3,250,156
76$4,666,498$299,693$0$3,522,836
77$5,076,644$248,540$0$3,824,008
78$5,526,550$192,808$0$4,154,439
79$6,020,208$132,205$0$4,517,084
80$6,562,012$66,426$0$4,915,201
81$7,156,804$0$0$5,352,382
82$7,809,917$0$0$5,833,170
83$8,527,226$0$0$6,370,086
84$9,315,202$0$0$6,959,938
85$10,180,976$0$0$7,608,068
86$11,132,400$0$0$8,320,361
87$12,178,128$0$0$9,103,300
88$13,327,692$0$0$9,964,029
89$14,591,595$0$0$10,910,416
90$15,981,406$0$0$11,951,131
91$17,509,875$0$0$13,095,726
92$19,191,047$0$0$14,354,727
93$21,040,395$0$0$15,739,727
94$23,074,970$0$0$17,263,502
95$25,313,559$0$0$18,940,130
96$27,776,859$0$0$20,785,121
97$30,487,678$0$0$22,815,562
98$33,471,143$0$0$25,050,286
99$36,754,944$0$0$27,510,038
100$40,369,590$0$0$30,217,681