Can I retire at age 50 with 649,000?

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 $649,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$53,594$53,116$52,651$52,196$51,752$51,127
2 years$26,532$26,037$25,559$25,094$24,644$24,014
3 years$17,512$17,016$16,538$16,078$15,635$15,021
4 years$13,003$12,508$12,035$11,583$11,151$10,557
5 years$10,299$9,807$9,340$8,897$8,477$7,905
6 years$8,496$8,008$7,548$7,115$6,707$6,159
7 years$7,209$6,725$6,273$5,850$5,455$4,929
8 years$6,244$5,765$5,320$4,907$4,525$4,022
9 years$5,494$5,019$4,582$4,180$3,811$3,331
10 years$4,895$4,424$3,994$3,603$3,247$2,789
11 years$4,404$3,939$3,517$3,136$2,793$2,357
12 years$3,996$3,535$3,121$2,750$2,420$2,005
13 years$3,651$3,195$2,788$2,428$2,110$1,717
14 years$3,355$2,904$2,505$2,156$1,850$1,477
15 years$3,099$2,653$2,262$1,922$1,629$1,275
16 years$2,875$2,434$2,051$1,721$1,440$1,105
17 years$2,678$2,241$1,866$1,547$1,276$960
18 years$2,503$2,071$1,704$1,394$1,135$837
19 years$2,346$1,920$1,560$1,259$1,012$731
20 years$2,206$1,784$1,431$1,141$904$639
21 years$2,079$1,661$1,317$1,035$809$560
22 years$1,963$1,551$1,213$941$725$491
23 years$1,858$1,451$1,120$857$651$431
24 years$1,762$1,359$1,036$782$585$379
25 years$1,673$1,275$960$714$526$334
26 years$1,592$1,199$890$653$474$294
27 years$1,516$1,128$826$598$427$259
28 years$1,446$1,063$768$547$386$228
29 years$1,382$1,003$715$502$348$201
30 years$1,321$947$666$461$315$178
31 years$1,265$895$621$423$284$157
32 years$1,212$847$579$389$257$139
33 years$1,162$802$541$358$233$123
34 years$1,116$760$505$329$211$108
35 years$1,072$721$472$303$191$96
36 years$1,031$685$442$279$173$85
37 years$992$650$414$257$157$75
38 years$955$618$387$237$142$66
39 years$920$588$363$218$129$59
40 years$887$559$340$201$117$52
41 years$856$532$319$186$106$46
42 years$826$507$299$172$96$41
43 years$798$483$281$158$87$36
44 years$771$460$264$146$79$32
45 years$745$439$247$135$72$28
46 years$721$419$232$125$65$25
47 years$698$400$218$115$59$22
48 years$675$381$205$106$54$20
49 years$654$364$193$98$49$17
50 years$634$348$181$91$44$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $649,000, adding $4,415 every year, while hoping to spend $35,591 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: 40/42/18 Blend
49$649,000$649,000$649,000$649,000
50$719,752$685,355$675,296$744,539
51$755,298$681,069$660,049$758,343
52$793,277$675,380$643,100$769,504
53$833,900$668,182$624,352$780,835
54$877,396$659,362$603,706$792,367
55$924,021$648,800$581,060$804,141
56$974,050$636,371$556,305$816,204
57$1,027,790$621,939$529,328$828,609
58$1,085,574$605,364$500,010$841,421
59$1,147,770$586,494$468,228$854,711
60$1,214,781$565,171$433,852$868,563
61$1,287,051$541,226$396,748$883,073
62$1,365,065$514,482$356,774$898,352
63$1,449,359$484,749$313,784$914,525
64$1,540,520$451,828$267,622$931,734
65$1,639,195$415,509$218,129$950,141
66$1,746,093$375,569$165,136$969,931
67$1,861,995$331,772$108,469$991,311
68$1,987,760$283,871$47,944$1,014,516
69$2,124,331$231,601$0$1,039,811
70$2,272,749$174,685$0$1,070,693
71$2,434,154$112,829$0$1,114,333
72$2,609,805$45,725$0$1,161,932
73$2,801,085$0$0$1,213,955
74$3,009,515$0$0$1,283,379
75$3,236,770$0$0$1,382,192
76$3,484,695$0$0$1,490,073
77$3,755,318$0$0$1,607,915
78$4,050,872$0$0$1,736,701
79$4,373,817$0$0$1,877,514
80$4,726,860$0$0$2,031,546
81$5,112,981$0$0$2,200,108
82$5,535,462$0$0$2,384,647
83$5,997,916$0$0$2,586,752
84$6,504,322$0$0$2,808,176
85$7,059,062$0$0$3,050,849
86$7,666,962$0$0$3,316,897
87$8,333,335$0$0$3,608,659
88$9,064,036$0$0$3,928,714
89$9,865,509$0$0$4,279,903
90$10,744,857$0$0$4,665,351
91$11,709,900$0$0$5,088,506
92$12,769,253$0$0$5,553,163
93$13,932,405$0$0$6,063,501
94$15,209,811$0$0$6,624,128
95$16,612,985$0$0$7,240,116
96$18,154,614$0$0$7,917,055
97$19,848,674$0$0$8,661,103
98$21,710,559$0$0$9,479,044
99$23,757,232$0$0$10,378,352
100$26,007,380$0$0$11,367,261