Can I retire at age 50 with 648,000?

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 $648,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$53,511$53,035$52,570$52,116$51,672$49,879
2 years$26,491$25,997$25,519$25,056$24,606$22,817
3 years$17,485$16,990$16,513$16,053$15,611$13,884
4 years$12,983$12,489$12,017$11,566$11,134$9,481
5 years$10,283$9,792$9,326$8,883$8,464$6,890
6 years$8,483$7,996$7,537$7,104$6,697$5,203
7 years$7,198$6,715$6,263$5,841$5,447$4,033
8 years$6,235$5,756$5,311$4,900$4,518$3,183
9 years$5,486$5,011$4,575$4,173$3,805$2,547
10 years$4,887$4,417$3,988$3,598$3,242$2,059
11 years$4,397$3,932$3,511$3,131$2,788$1,678
12 years$3,990$3,530$3,116$2,746$2,416$1,375
13 years$3,645$3,190$2,784$2,425$2,107$1,133
14 years$3,350$2,899$2,502$2,152$1,847$938
15 years$3,094$2,649$2,259$1,919$1,626$778
16 years$2,871$2,430$2,048$1,719$1,437$648
17 years$2,674$2,238$1,863$1,544$1,274$540
18 years$2,499$2,068$1,701$1,392$1,133$451
19 years$2,343$1,917$1,557$1,257$1,010$378
20 years$2,202$1,781$1,429$1,139$902$316
21 years$2,075$1,659$1,314$1,034$807$265
22 years$1,960$1,549$1,211$940$724$223
23 years$1,855$1,448$1,119$856$650$187
24 years$1,759$1,357$1,035$781$584$157
25 years$1,671$1,273$958$713$525$132
26 years$1,589$1,197$889$652$473$111
27 years$1,514$1,126$825$597$427$94
28 years$1,444$1,061$767$547$385$79
29 years$1,379$1,001$714$501$348$66
30 years$1,319$946$665$460$314$56
31 years$1,263$894$620$423$284$47
32 years$1,210$846$578$388$257$40
33 years$1,160$801$540$357$232$33
34 years$1,114$759$505$329$210$28
35 years$1,070$720$472$302$191$24
36 years$1,029$683$441$279$173$20
37 years$990$649$413$257$157$17
38 years$954$617$387$237$142$14
39 years$919$587$362$218$129$12
40 years$886$558$340$201$117$10
41 years$855$531$319$186$106$9
42 years$825$506$299$171$96$7
43 years$797$482$280$158$87$6
44 years$770$460$263$146$79$5
45 years$744$438$247$135$72$4
46 years$720$418$232$125$65$4
47 years$697$399$218$115$59$3
48 years$674$381$205$106$54$3
49 years$653$364$193$98$49$2
50 years$633$347$181$91$44$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $648,000, adding $5,024 every year, while hoping to spend $30,469 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: 60/28/12 Blend
49$648,000$648,000$648,000$648,000
50$719,278$684,934$674,890$760,056
51$760,226$686,077$665,080$789,218
52$804,329$686,255$653,921$817,128
53$851,877$685,388$641,334$846,834
54$903,189$683,392$627,238$878,513
55$958,613$680,178$611,550$912,359
56$1,018,535$675,650$594,180$948,586
57$1,083,377$669,708$575,036$987,434
58$1,153,602$662,244$554,021$1,029,165
59$1,229,721$653,146$531,032$1,074,072
60$1,312,296$642,293$505,965$1,122,477
61$1,401,943$629,559$478,708$1,174,738
62$1,499,342$614,808$449,146$1,231,249
63$1,605,239$597,898$417,156$1,292,448
64$1,720,457$578,678$382,614$1,358,817
65$1,845,897$556,987$345,386$1,430,891
66$1,982,557$532,658$305,334$1,509,261
67$2,131,530$505,510$262,315$1,594,581
68$2,294,020$475,354$216,177$1,687,573
69$2,471,355$441,991$166,763$1,789,036
70$2,664,993$405,208$113,909$1,899,851
71$2,876,541$364,782$57,444$2,020,995
72$3,107,768$320,477$0$2,153,546
73$3,360,622$272,041$0$2,299,056
74$3,637,246$219,212$0$2,466,352
75$3,940,002$161,711$0$2,649,551
76$4,271,490$99,242$0$2,850,285
77$4,634,572$31,495$0$3,070,356
78$5,032,401$0$0$3,311,752
79$5,468,449$0$0$3,589,564
80$5,946,541$0$0$3,904,854
81$6,470,887$0$0$4,250,701
82$7,046,128$0$0$4,630,173
83$7,677,373$0$0$5,046,647
84$8,370,249$0$0$5,503,844
85$9,130,957$0$0$6,005,861
86$9,966,326$0$0$6,557,214
87$10,883,879$0$0$7,162,876
88$11,891,904$0$0$7,828,325
89$12,999,530$0$0$8,559,597
90$14,216,815$0$0$9,363,342
91$15,554,840$0$0$10,246,885
92$17,025,814$0$0$11,218,296
93$18,643,184$0$0$12,286,467
94$20,421,769$0$0$13,461,195
95$22,377,895$0$0$14,753,272
96$24,529,549$0$0$16,174,592
97$26,896,548$0$0$17,738,255
98$29,500,728$0$0$19,458,698
99$32,366,148$0$0$21,351,827
100$35,519,315$0$0$23,435,168