Can I retire at age 50 with 650,000?

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 $650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$53,676$53,198$52,732$52,276$51,832$51,248
2 years$26,572$26,078$25,598$25,133$24,682$24,094
3 years$17,539$17,042$16,564$16,103$15,659$15,086
4 years$13,023$12,528$12,054$11,601$11,168$10,614
5 years$10,314$9,822$9,354$8,911$8,490$7,956
6 years$8,509$8,020$7,560$7,126$6,718$6,204
7 years$7,220$6,735$6,282$5,859$5,463$4,971
8 years$6,254$5,773$5,328$4,915$4,532$4,061
9 years$5,503$5,027$4,589$4,186$3,817$3,367
10 years$4,902$4,431$4,001$3,609$3,252$2,823
11 years$4,411$3,945$3,522$3,141$2,797$2,388
12 years$4,002$3,540$3,126$2,755$2,424$2,035
13 years$3,656$3,200$2,793$2,432$2,114$1,744
14 years$3,360$2,908$2,509$2,159$1,853$1,502
15 years$3,104$2,657$2,266$1,925$1,631$1,299
16 years$2,880$2,438$2,054$1,724$1,442$1,127
17 years$2,682$2,245$1,869$1,549$1,278$981
18 years$2,507$2,074$1,706$1,396$1,137$856
19 years$2,350$1,923$1,562$1,261$1,013$749
20 years$2,209$1,786$1,433$1,142$905$656
21 years$2,082$1,664$1,319$1,037$810$575
22 years$1,966$1,553$1,215$943$726$505
23 years$1,861$1,453$1,122$858$652$445
24 years$1,764$1,361$1,038$783$586$391
25 years$1,676$1,277$961$715$527$345
26 years$1,594$1,201$891$654$475$304
27 years$1,519$1,130$828$598$428$269
28 years$1,449$1,065$769$548$386$237
29 years$1,384$1,004$716$503$349$210
30 years$1,323$949$667$461$315$185
31 years$1,267$897$622$424$285$164
32 years$1,214$848$580$390$258$145
33 years$1,164$803$542$358$233$128
34 years$1,117$762$506$330$211$114
35 years$1,074$722$473$303$191$101
36 years$1,032$686$443$279$173$89
37 years$993$651$414$257$157$79
38 years$957$619$388$237$142$70
39 years$922$588$364$219$129$62
40 years$889$560$341$202$117$55
41 years$857$533$319$186$106$49
42 years$828$508$300$172$96$43
43 years$799$484$281$159$87$38
44 years$772$461$264$146$79$34
45 years$747$440$248$135$72$30
46 years$722$419$233$125$65$27
47 years$699$400$219$115$59$24
48 years$676$382$206$107$54$21
49 years$655$365$193$99$49$19
50 years$635$348$182$91$45$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $650,000, adding $6,106 every year, while hoping to spend $20,695 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: 68/17/15 Blend
49$650,000$650,000$650,000$650,000
50$722,598$688,148$678,073$768,801
51$774,284$699,848$678,769$812,069
52$830,548$711,428$678,795$856,357
53$891,836$722,860$678,107$904,275
54$958,636$734,113$676,657$956,176
55$1,031,490$745,157$674,397$1,012,451
56$1,110,989$755,957$671,277$1,073,532
57$1,197,787$766,476$667,242$1,139,892
58$1,292,603$776,675$662,236$1,212,056
59$1,396,228$786,512$656,201$1,290,598
60$1,509,535$795,942$649,075$1,376,156
61$1,633,481$804,918$640,793$1,469,429
62$1,769,125$813,387$631,287$1,571,190
63$1,917,628$821,295$620,488$1,682,289
64$2,080,273$828,585$608,321$1,803,665
65$2,258,469$835,194$594,708$1,936,352
66$2,453,770$841,056$579,568$2,081,490
67$2,667,888$846,101$562,817$2,240,336
68$2,902,706$850,254$544,365$2,414,273
69$3,160,301$853,435$524,120$2,604,831
70$3,442,958$855,560$501,984$2,813,690
71$3,753,196$856,538$477,857$3,042,708
72$4,093,788$856,275$451,632$3,293,928
73$4,467,790$854,669$423,197$3,569,606
74$4,878,569$851,611$392,438$3,872,227
75$5,329,831$846,989$359,233$4,204,530
76$5,825,662$840,679$323,456$4,569,535
77$6,370,562$832,555$284,974$4,970,571
78$6,969,488$822,479$243,649$5,411,308
79$7,627,902$810,306$199,338$5,895,789
80$8,351,821$795,885$151,889$6,428,474
81$9,147,875$779,051$101,145$7,014,278
82$10,023,368$759,634$46,943$7,658,618
83$10,986,347$737,452$0$8,367,464
84$12,045,679$712,311$0$9,149,145
85$13,211,132$684,009$0$10,017,303
86$14,493,471$652,328$0$10,972,442
87$15,904,554$617,042$0$12,023,411
88$17,457,449$577,908$0$13,179,956
89$19,166,555$534,671$0$14,452,824
90$21,047,736$487,062$0$15,853,852
91$23,118,472$434,795$0$17,396,090
92$25,398,024$377,569$0$19,093,917
93$27,907,618$315,064$0$20,963,181
94$30,670,638$246,946$0$23,021,345
95$33,712,855$172,858$0$25,287,658
96$37,062,662$92,424$0$27,783,330
97$40,751,350$5,249$0$30,531,736
98$44,813,395$0$0$33,558,639
99$49,286,789$0$0$36,909,092
100$54,213,395$0$0$40,600,124