Can I retire at age 50 with 651,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $651,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$53,759$53,280$52,813$52,357$51,912$50,290
2 years$26,613$26,118$25,637$25,172$24,720$23,101
3 years$17,566$17,068$16,589$16,128$15,683$14,117
4 years$13,043$12,547$12,073$11,619$11,185$9,684
5 years$10,330$9,837$9,369$8,925$8,503$7,071
6 years$8,522$8,033$7,571$7,137$6,728$5,367
7 years$7,231$6,746$6,292$5,868$5,472$4,181
8 years$6,263$5,782$5,336$4,922$4,539$3,318
9 years$5,511$5,035$4,596$4,193$3,823$2,669
10 years$4,910$4,438$4,007$3,614$3,257$2,170
11 years$4,418$3,951$3,528$3,145$2,801$1,778
12 years$4,008$3,546$3,131$2,759$2,428$1,467
13 years$3,662$3,204$2,797$2,436$2,117$1,216
14 years$3,365$2,913$2,513$2,162$1,856$1,012
15 years$3,109$2,661$2,269$1,928$1,634$846
16 years$2,884$2,441$2,057$1,727$1,444$708
17 years$2,686$2,248$1,872$1,551$1,280$595
18 years$2,511$2,078$1,709$1,398$1,138$500
19 years$2,354$1,925$1,564$1,263$1,015$421
20 years$2,213$1,789$1,436$1,144$906$356
21 years$2,085$1,667$1,321$1,038$811$300
22 years$1,969$1,556$1,217$944$727$254
23 years$1,864$1,455$1,124$860$653$215
24 years$1,767$1,363$1,039$784$587$182
25 years$1,678$1,279$963$716$528$154
26 years$1,597$1,202$893$655$475$130
27 years$1,521$1,132$829$599$429$111
28 years$1,451$1,066$771$549$387$94
29 years$1,386$1,006$717$504$349$80
30 years$1,325$950$668$462$316$68
31 years$1,269$898$623$424$285$57
32 years$1,216$850$581$390$258$49
33 years$1,166$805$543$359$234$41
34 years$1,119$763$507$330$211$35
35 years$1,075$723$474$304$192$30
36 years$1,034$687$443$280$174$25
37 years$995$652$415$258$157$21
38 years$958$620$389$238$143$18
39 years$923$589$364$219$129$15
40 years$890$561$341$202$117$13
41 years$859$534$320$186$106$11
42 years$829$508$300$172$97$9
43 years$800$484$282$159$88$8
44 years$773$462$264$147$80$7
45 years$748$440$248$135$72$6
46 years$723$420$233$125$66$5
47 years$700$401$219$116$60$4
48 years$677$383$206$107$54$4
49 years$656$365$193$99$49$3
50 years$636$349$182$91$45$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $651,000, adding $4,701 every year, while hoping to spend $28,820 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: 54/25/21 Blend
49$651,000$651,000$651,000$651,000
50$722,251$687,748$677,658$756,874
51$765,256$690,783$669,695$784,174
52$811,682$693,002$660,499$810,459
53$861,847$694,332$650,000$838,456
54$916,102$694,700$638,120$868,336
55$974,830$694,026$624,783$900,291
56$1,038,454$692,226$609,905$934,533
57$1,107,441$689,209$593,401$971,297
58$1,182,301$684,881$575,181$1,010,841
59$1,263,596$679,140$555,150$1,053,455
60$1,351,945$671,881$533,210$1,099,456
61$1,448,029$662,989$509,259$1,149,199
62$1,552,597$652,344$483,187$1,203,073
63$1,666,472$639,819$454,884$1,261,511
64$1,790,560$625,278$424,231$1,324,992
65$1,925,860$608,580$391,106$1,394,045
66$2,073,470$589,572$355,380$1,469,257
67$2,234,597$568,095$316,918$1,551,275
68$2,410,574$543,978$275,582$1,640,817
69$2,602,863$517,044$231,225$1,738,675
70$2,813,077$487,102$183,694$1,845,727
71$3,042,992$453,951$132,829$1,962,941
72$3,294,563$417,380$78,464$2,091,390
73$3,569,941$377,164$20,425$2,232,256
74$3,871,496$333,067$0$2,386,850
75$4,201,839$284,837$0$2,565,920
76$4,563,844$232,211$0$2,767,250
77$4,960,676$174,909$0$2,988,070
78$5,395,821$112,636$0$3,230,377
79$5,873,119$45,080$0$3,496,372
80$6,396,800$0$0$3,788,488
81$6,971,522$0$0$4,117,130
82$7,602,417$0$0$4,491,571
83$8,295,136$0$0$4,902,772
84$9,055,907$0$0$5,354,436
85$9,891,589$0$0$5,850,645
86$10,809,737$0$0$6,395,894
87$11,818,676$0$0$6,995,136
88$12,927,578$0$0$7,653,826
89$14,146,544$0$0$8,377,976
90$15,486,706$0$0$9,174,209
91$16,960,326$0$0$10,049,820
92$18,580,916$0$0$11,012,848
93$20,363,362$0$0$12,072,151
94$22,324,063$0$0$13,237,486
95$24,481,091$0$0$14,519,606
96$26,854,354$0$0$15,930,357
97$29,465,790$0$0$17,482,791
98$32,339,571$0$0$19,191,291
99$35,502,327$0$0$21,071,704
100$38,983,404$0$0$23,141,490