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%16.1%
1 years$53,511$53,035$52,570$52,116$51,672$50,382
2 years$26,491$25,997$25,519$25,056$24,606$23,314
3 years$17,485$16,990$16,513$16,053$15,611$14,358
4 years$12,983$12,489$12,017$11,566$11,134$9,930
5 years$10,283$9,792$9,326$8,883$8,464$7,312
6 years$8,483$7,996$7,537$7,104$6,697$5,598
7 years$7,198$6,715$6,263$5,841$5,447$4,401
8 years$6,235$5,756$5,311$4,900$4,518$3,525
9 years$5,486$5,011$4,575$4,173$3,805$2,864
10 years$4,887$4,417$3,988$3,598$3,242$2,351
11 years$4,397$3,932$3,511$3,131$2,788$1,947
12 years$3,990$3,530$3,116$2,746$2,416$1,623
13 years$3,645$3,190$2,784$2,425$2,107$1,360
14 years$3,350$2,899$2,502$2,152$1,847$1,145
15 years$3,094$2,649$2,259$1,919$1,626$967
16 years$2,871$2,430$2,048$1,719$1,437$820
17 years$2,674$2,238$1,863$1,544$1,274$696
18 years$2,499$2,068$1,701$1,392$1,133$593
19 years$2,343$1,917$1,557$1,257$1,010$505
20 years$2,202$1,781$1,429$1,139$902$431
21 years$2,075$1,659$1,314$1,034$807$369
22 years$1,960$1,549$1,211$940$724$316
23 years$1,855$1,448$1,119$856$650$271
24 years$1,759$1,357$1,035$781$584$232
25 years$1,671$1,273$958$713$525$199
26 years$1,589$1,197$889$652$473$171
27 years$1,514$1,126$825$597$427$147
28 years$1,444$1,061$767$547$385$126
29 years$1,379$1,001$714$501$348$108
30 years$1,319$946$665$460$314$93
31 years$1,263$894$620$423$284$80
32 years$1,210$846$578$388$257$69
33 years$1,160$801$540$357$232$59
34 years$1,114$759$505$329$210$51
35 years$1,070$720$472$302$191$44
36 years$1,029$683$441$279$173$38
37 years$990$649$413$257$157$33
38 years$954$617$387$237$142$28
39 years$919$587$362$218$129$24
40 years$886$558$340$201$117$21
41 years$855$531$319$186$106$18
42 years$825$506$299$171$96$15
43 years$797$482$280$158$87$13
44 years$770$460$263$146$79$11
45 years$744$438$247$135$72$10
46 years$720$418$232$125$65$8
47 years$697$399$218$115$59$7
48 years$674$381$205$106$54$6
49 years$653$364$193$98$49$5
50 years$633$347$181$91$44$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $648,000, adding $2,535 every year, while hoping to spend $30,271 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: 73/7/20 Blend
49$648,000$648,000$648,000$648,000
50$716,711$682,367$672,323$765,419
51$757,607$683,595$662,638$799,353
52$801,661$683,868$651,613$832,619
53$849,161$683,109$639,173$868,292
54$900,426$681,232$625,237$906,607
55$955,808$678,150$609,720$947,819
56$1,015,690$673,769$592,535$992,215
57$1,080,494$667,988$573,589$1,040,108
58$1,150,687$660,702$552,787$1,091,844
59$1,226,779$651,799$530,028$1,147,805
60$1,309,333$641,159$505,205$1,208,414
61$1,398,965$628,656$478,210$1,274,135
62$1,496,356$614,157$448,927$1,345,482
63$1,602,255$597,521$417,236$1,423,021
64$1,717,483$578,597$383,011$1,507,378
65$1,842,946$557,228$346,122$1,599,243
66$1,979,640$533,246$306,431$1,699,375
67$2,128,661$506,472$263,794$1,808,614
68$2,291,215$476,721$218,062$1,927,886
69$2,468,632$443,793$169,080$2,058,214
70$2,662,372$407,478$116,684$2,200,723
71$2,874,045$367,555$60,703$2,356,657
72$3,105,421$323,790$961$2,527,387
73$3,358,452$275,934$0$2,714,427
74$3,635,285$223,725$0$2,932,844
75$3,938,285$166,888$0$3,172,168
76$4,270,055$105,131$0$3,434,268
77$4,633,462$38,144$0$3,721,427
78$5,031,665$0$0$4,036,161
79$5,468,140$0$0$4,383,891
80$5,946,718$0$0$4,768,416
81$6,471,617$0$0$5,190,188
82$7,047,484$0$0$5,652,947
83$7,679,435$0$0$6,160,807
84$8,373,108$0$0$6,718,304
85$9,134,712$0$0$7,330,432
86$9,971,088$0$0$8,002,694
87$10,889,770$0$0$8,741,149
88$11,899,059$0$0$9,552,476
89$13,008,099$0$0$10,444,030
90$14,226,965$0$0$11,423,914
91$15,566,754$0$0$12,501,055
92$17,039,694$0$0$13,685,291
93$18,659,255$0$0$14,987,455
94$20,440,279$0$0$16,419,488
95$22,399,117$0$0$17,994,542
96$24,553,786$0$0$19,727,111
97$26,924,135$0$0$21,633,161
98$29,532,034$0$0$23,730,285
99$32,401,581$0$0$26,037,868
100$35,559,325$0$0$28,577,268