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%15.1%
1 years$53,511$53,035$52,570$52,116$51,672$50,588
2 years$26,491$25,997$25,519$25,056$24,606$23,518
3 years$17,485$16,990$16,513$16,053$15,611$14,554
4 years$12,983$12,489$12,017$11,566$11,134$10,116
5 years$10,283$9,792$9,326$8,883$8,464$7,488
6 years$8,483$7,996$7,537$7,104$6,697$5,764
7 years$7,198$6,715$6,263$5,841$5,447$4,557
8 years$6,235$5,756$5,311$4,900$4,518$3,672
9 years$5,486$5,011$4,575$4,173$3,805$3,001
10 years$4,887$4,417$3,988$3,598$3,242$2,479
11 years$4,397$3,932$3,511$3,131$2,788$2,066
12 years$3,990$3,530$3,116$2,746$2,416$1,734
13 years$3,645$3,190$2,784$2,425$2,107$1,463
14 years$3,350$2,899$2,502$2,152$1,847$1,240
15 years$3,094$2,649$2,259$1,919$1,626$1,055
16 years$2,871$2,430$2,048$1,719$1,437$900
17 years$2,674$2,238$1,863$1,544$1,274$770
18 years$2,499$2,068$1,701$1,392$1,133$660
19 years$2,343$1,917$1,557$1,257$1,010$567
20 years$2,202$1,781$1,429$1,139$902$488
21 years$2,075$1,659$1,314$1,034$807$420
22 years$1,960$1,549$1,211$940$724$363
23 years$1,855$1,448$1,119$856$650$313
24 years$1,759$1,357$1,035$781$584$271
25 years$1,671$1,273$958$713$525$234
26 years$1,589$1,197$889$652$473$203
27 years$1,514$1,126$825$597$427$175
28 years$1,444$1,061$767$547$385$152
29 years$1,379$1,001$714$501$348$132
30 years$1,319$946$665$460$314$114
31 years$1,263$894$620$423$284$99
32 years$1,210$846$578$388$257$86
33 years$1,160$801$540$357$232$74
34 years$1,114$759$505$329$210$65
35 years$1,070$720$472$302$191$56
36 years$1,029$683$441$279$173$49
37 years$990$649$413$257$157$42
38 years$954$617$387$237$142$37
39 years$919$587$362$218$129$32
40 years$886$558$340$201$117$28
41 years$855$531$319$186$106$24
42 years$825$506$299$171$96$21
43 years$797$482$280$158$87$18
44 years$770$460$263$146$79$16
45 years$744$438$247$135$72$14
46 years$720$418$232$125$65$12
47 years$697$399$218$115$59$10
48 years$674$381$205$106$54$9
49 years$653$364$193$98$49$8
50 years$633$347$181$91$44$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $648,000, adding $3,671 every year, while hoping to spend $53,559 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: 48/23/29 Blend
49$648,000$648,000$648,000$648,000
50$717,883$683,539$673,495$746,240
51$734,120$660,046$639,070$743,094
52$750,219$633,606$601,698$734,155
53$766,108$604,020$561,222$723,420
54$781,709$571,074$517,480$710,747
55$796,930$534,544$470,302$695,982
56$811,671$494,191$419,512$678,964
57$825,820$449,765$364,924$659,515
58$839,250$401,000$306,345$637,448
59$851,820$347,615$243,574$612,559
60$863,371$289,314$176,399$584,630
61$873,727$225,782$104,601$553,427
62$882,692$156,690$27,950$518,697
63$890,047$81,688$0$480,168
64$895,547$406$0$454,210
65$898,921$0$0$434,158
66$899,869$0$0$433,252
67$898,055$0$0$430,946
68$893,108$0$0$426,940
69$884,614$0$0$421,015
70$872,118$0$0$412,927
71$855,110$0$0$402,406
72$833,030$0$0$389,155
73$805,255$0$0$372,841
74$771,096$0$0$353,099
75$729,789$0$0$329,524
76$680,489$0$0$301,666
77$622,264$0$0$269,031
78$554,079$0$0$231,070
79$474,792$0$0$187,177
80$383,140$0$0$136,682
81$277,727$0$0$78,844
82$157,010$0$0$12,846
83$19,285$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0