Can I retire at age 50 with 647,000?

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 $647,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$53,429$52,953$52,488$52,035$51,593$50,675
2 years$26,450$25,957$25,480$25,017$24,568$23,647
3 years$17,458$16,963$16,487$16,029$15,587$14,691
4 years$12,963$12,470$11,998$11,548$11,117$10,253
5 years$10,267$9,777$9,311$8,870$8,451$7,621
6 years$8,470$7,983$7,525$7,093$6,687$5,892
7 years$7,187$6,704$6,253$5,832$5,438$4,679
8 years$6,225$5,747$5,303$4,892$4,511$3,788
9 years$5,477$5,004$4,568$4,167$3,799$3,110
10 years$4,879$4,410$3,982$3,592$3,237$2,583
11 years$4,391$3,926$3,506$3,126$2,784$2,163
12 years$3,984$3,524$3,111$2,742$2,413$1,824
13 years$3,639$3,185$2,780$2,421$2,104$1,547
14 years$3,345$2,895$2,498$2,149$1,844$1,319
15 years$3,090$2,645$2,255$1,916$1,624$1,128
16 years$2,866$2,426$2,045$1,716$1,435$968
17 years$2,670$2,235$1,860$1,542$1,272$833
18 years$2,495$2,065$1,698$1,389$1,131$718
19 years$2,339$1,914$1,555$1,255$1,008$621
20 years$2,199$1,778$1,427$1,137$901$537
21 years$2,072$1,656$1,312$1,032$806$466
22 years$1,957$1,546$1,210$938$723$404
23 years$1,852$1,446$1,117$855$649$351
24 years$1,756$1,355$1,033$779$583$305
25 years$1,668$1,271$957$712$525$266
26 years$1,587$1,195$887$651$473$232
27 years$1,512$1,125$824$596$426$202
28 years$1,442$1,060$766$546$384$176
29 years$1,377$1,000$713$501$347$153
30 years$1,317$944$664$459$314$134
31 years$1,261$893$619$422$284$117
32 years$1,208$845$577$388$257$102
33 years$1,159$800$539$357$232$89
34 years$1,112$758$504$328$210$78
35 years$1,069$719$471$302$190$68
36 years$1,028$682$441$278$172$59
37 years$989$648$412$256$156$52
38 years$952$616$386$236$142$45
39 years$917$586$362$218$129$40
40 years$885$557$339$201$117$35
41 years$853$530$318$185$106$30
42 years$824$505$298$171$96$27
43 years$796$481$280$158$87$23
44 years$769$459$263$146$79$20
45 years$743$438$247$135$72$18
46 years$719$417$232$124$65$16
47 years$696$398$218$115$59$14
48 years$673$380$205$106$54$12
49 years$652$363$192$98$49$10
50 years$632$347$181$91$44$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $647,000, adding $3,143 every year, while hoping to spend $33,023 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: 69/26/5 Blend
49$647,000$647,000$647,000$647,000
50$716,236$681,945$671,917$765,052
51$754,156$680,224$659,289$796,018
52$794,837$677,312$645,133$825,519
53$838,525$673,116$629,360$856,876
54$885,493$667,536$611,881$890,264
55$936,036$660,468$592,602$925,875
56$990,482$651,801$571,424$963,922
57$1,049,188$641,417$548,245$1,004,641
58$1,112,550$629,191$522,955$1,048,292
59$1,181,000$614,991$495,444$1,095,161
60$1,255,012$598,676$465,592$1,145,567
61$1,335,111$580,099$433,277$1,199,860
62$1,421,871$559,102$398,370$1,258,428
63$1,515,923$535,520$360,737$1,321,699
64$1,617,963$509,176$320,238$1,390,147
65$1,728,755$479,885$276,725$1,464,294
66$1,849,139$447,450$230,046$1,544,718
67$1,980,040$411,664$180,041$1,632,057
68$2,122,474$372,306$126,543$1,727,017
69$2,277,562$329,144$69,378$1,830,375
70$2,446,535$281,934$8,363$1,942,993
71$2,630,747$230,414$0$2,065,821
72$2,831,691$174,312$0$2,202,935
73$3,051,009$113,339$0$2,353,140
74$3,290,507$47,188$0$2,517,280
75$3,552,175$0$0$2,696,781
76$3,838,204$0$0$2,900,212
77$4,151,004$0$0$3,137,483
78$4,493,231$0$0$3,397,112
79$4,867,809$0$0$3,681,320
80$5,277,955$0$0$3,992,555
81$5,727,216$0$0$4,333,512
82$6,219,495$0$0$4,707,159
83$6,759,092$0$0$5,116,764
84$7,350,741$0$0$5,565,927
85$7,999,659$0$0$6,058,613
86$8,711,590$0$0$6,599,190
87$9,492,860$0$0$7,192,467
88$10,350,440$0$0$7,843,743
89$11,292,006$0$0$8,558,856
90$12,326,015$0$0$9,344,234
91$13,461,783$0$0$10,206,960
92$14,709,573$0$0$11,154,838
93$16,080,689$0$0$12,196,461
94$17,587,589$0$0$13,341,302
95$19,243,991$0$0$14,599,791
96$21,065,015$0$0$15,983,423
97$23,067,315$0$0$17,504,861
98$25,269,239$0$0$19,178,055
99$27,691,005$0$0$21,018,379
100$30,354,887$0$0$23,042,766