Can I retire at age 50 with 646,000?

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 $646,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$53,346$52,871$52,407$51,955$51,513$50,085
2 years$26,409$25,917$25,440$24,978$24,530$23,102
3 years$17,431$16,937$16,462$16,004$15,563$14,179
4 years$12,943$12,451$11,980$11,530$11,100$9,771
5 years$10,251$9,761$9,297$8,856$8,438$7,169
6 years$8,457$7,971$7,513$7,082$6,676$5,467
7 years$7,176$6,694$6,244$5,823$5,430$4,281
8 years$6,215$5,738$5,295$4,885$4,504$3,415
9 years$5,469$4,996$4,561$4,161$3,793$2,763
10 years$4,872$4,404$3,976$3,586$3,232$2,259
11 years$4,384$3,920$3,500$3,121$2,780$1,862
12 years$3,977$3,519$3,107$2,738$2,409$1,545
13 years$3,634$3,180$2,775$2,417$2,101$1,289
14 years$3,340$2,890$2,494$2,146$1,841$1,080
15 years$3,085$2,640$2,252$1,913$1,621$908
16 years$2,862$2,423$2,041$1,713$1,433$765
17 years$2,666$2,231$1,858$1,539$1,271$647
18 years$2,491$2,062$1,696$1,387$1,130$548
19 years$2,336$1,911$1,552$1,254$1,007$464
20 years$2,196$1,775$1,425$1,135$899$395
21 years$2,069$1,654$1,310$1,030$805$336
22 years$1,954$1,544$1,208$937$721$286
23 years$1,849$1,444$1,115$853$648$243
24 years$1,754$1,353$1,031$778$582$207
25 years$1,665$1,270$955$711$524$177
26 years$1,584$1,193$886$650$472$151
27 years$1,509$1,123$823$595$425$129
28 years$1,440$1,058$765$545$384$110
29 years$1,375$998$712$500$347$94
30 years$1,315$943$663$459$313$81
31 years$1,259$891$618$421$283$69
32 years$1,206$843$577$387$256$59
33 years$1,157$799$538$356$232$50
34 years$1,111$757$503$328$210$43
35 years$1,067$718$470$302$190$37
36 years$1,026$681$440$278$172$32
37 years$987$647$412$256$156$27
38 years$951$615$386$236$142$23
39 years$916$585$361$217$128$20
40 years$883$556$339$201$116$17
41 years$852$530$318$185$106$14
42 years$822$504$298$171$96$12
43 years$794$481$279$158$87$11
44 years$768$458$262$146$79$9
45 years$742$437$246$134$72$8
46 years$718$417$231$124$65$7
47 years$694$398$217$115$59$6
48 years$672$380$204$106$54$5
49 years$651$363$192$98$49$4
50 years$631$346$181$91$44$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $646,000, adding $3,768 every year, while hoping to spend $36,985 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: 68/8/24 Blend
49$646,000$646,000$646,000$646,000
50$715,779$681,541$671,528$759,820
51$749,436$675,584$654,672$783,878
52$785,288$668,097$636,012$805,587
53$823,517$658,964$615,449$828,472
54$864,327$648,064$592,877$852,647
55$907,939$635,270$568,189$878,241
56$954,596$620,445$541,271$905,398
57$1,004,565$603,447$512,004$934,274
58$1,058,137$584,123$480,263$965,045
59$1,115,634$562,311$445,918$997,907
60$1,177,406$537,843$408,834$1,033,075
61$1,243,841$510,536$368,869$1,070,787
62$1,315,362$480,201$325,876$1,111,309
63$1,392,434$446,637$279,698$1,154,935
64$1,475,569$409,629$230,175$1,201,990
65$1,565,329$368,952$177,137$1,252,835
66$1,662,331$324,369$120,410$1,307,867
67$1,767,253$275,628$59,808$1,367,530
68$1,880,841$222,462$0$1,432,312
69$2,003,915$164,591$0$1,504,001
70$2,137,376$101,718$0$1,598,374
71$2,282,216$33,529$0$1,700,816
72$2,439,525$0$0$1,812,116
73$2,610,501$0$0$1,936,691
74$2,796,464$0$0$2,075,430
75$2,998,867$0$0$2,226,468
76$3,219,304$0$0$2,391,002
77$3,459,535$0$0$2,570,346
78$3,721,493$0$0$2,765,951
79$4,007,307$0$0$2,979,411
80$4,319,320$0$0$3,212,481
81$4,660,111$0$0$3,467,092
82$5,032,520$0$0$3,745,373
83$5,439,673$0$0$4,049,664
84$5,885,011$0$0$4,382,544
85$6,372,324$0$0$4,746,853
86$6,905,784$0$0$5,145,715
87$7,489,987$0$0$5,582,573
88$8,129,994$0$0$6,061,220
89$8,831,375$0$0$6,585,828
90$9,600,270$0$0$7,160,997
91$10,443,436$0$0$7,791,791
92$11,368,320$0$0$8,483,788
93$12,383,121$0$0$9,243,131
94$13,496,871$0$0$10,076,588
95$14,719,520$0$0$10,991,613
96$16,062,027$0$0$11,996,418
97$17,536,466$0$0$13,100,049
98$19,156,134$0$0$14,312,470
99$20,935,684$0$0$15,644,658
100$22,891,254$0$0$17,108,708