Can I retire at age 50 with 653,000?

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 $653,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$53,924$53,444$52,975$52,518$52,071$50,344
2 years$26,695$26,198$25,716$25,249$24,796$23,072
3 years$17,620$17,121$16,640$16,177$15,731$14,066
4 years$13,083$12,585$12,110$11,655$11,220$9,625
5 years$10,362$9,867$9,398$8,952$8,529$7,009
6 years$8,548$8,057$7,595$7,159$6,749$5,305
7 years$7,253$6,766$6,311$5,886$5,489$4,121
8 years$6,283$5,800$5,352$4,937$4,553$3,261
9 years$5,528$5,050$4,610$4,206$3,835$2,615
10 years$4,925$4,451$4,019$3,625$3,267$2,119
11 years$4,431$3,963$3,538$3,155$2,810$1,731
12 years$4,021$3,557$3,140$2,767$2,435$1,423
13 years$3,673$3,214$2,806$2,443$2,123$1,176
14 years$3,376$2,922$2,521$2,169$1,861$976
15 years$3,118$2,669$2,276$1,934$1,639$812
16 years$2,893$2,449$2,063$1,732$1,448$678
17 years$2,695$2,255$1,878$1,556$1,284$567
18 years$2,518$2,084$1,714$1,402$1,142$475
19 years$2,361$1,931$1,569$1,267$1,018$399
20 years$2,219$1,795$1,440$1,148$909$335
21 years$2,091$1,672$1,325$1,042$814$282
22 years$1,975$1,560$1,221$947$729$237
23 years$1,869$1,459$1,127$862$655$200
24 years$1,773$1,367$1,042$787$588$169
25 years$1,684$1,283$966$718$529$142
26 years$1,602$1,206$896$657$477$120
27 years$1,526$1,135$832$601$430$101
28 years$1,455$1,070$773$551$388$86
29 years$1,390$1,009$719$505$350$72
30 years$1,329$953$670$464$317$61
31 years$1,272$901$625$426$286$52
32 years$1,219$852$583$391$259$44
33 years$1,169$807$544$360$234$37
34 years$1,123$765$508$331$212$31
35 years$1,079$726$475$305$192$26
36 years$1,037$689$445$281$174$22
37 years$998$654$416$259$158$19
38 years$961$622$390$238$143$16
39 years$926$591$365$220$130$14
40 years$893$562$342$203$118$11
41 years$861$535$321$187$107$10
42 years$831$510$301$173$97$8
43 years$803$486$283$159$88$7
44 years$776$463$265$147$80$6
45 years$750$442$249$136$72$5
46 years$725$421$234$126$66$4
47 years$702$402$220$116$60$4
48 years$680$384$206$107$54$3
49 years$658$366$194$99$49$3
50 years$638$350$182$92$45$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $653,000, adding $6,195 every year, while hoping to spend $40,289 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: 51/23/26 Blend
49$653,000$653,000$653,000$653,000
50$725,996$691,387$681,266$757,438
51$757,181$682,398$661,221$770,956
52$790,195$671,618$639,154$781,078
53$825,185$658,917$614,956$791,276
54$862,307$644,157$588,510$801,575
55$901,733$627,191$559,696$812,004
56$943,652$607,866$528,388$822,598
57$988,270$586,017$494,454$833,398
58$1,035,813$561,471$457,757$844,452
59$1,086,527$534,044$418,153$855,816
60$1,140,683$503,543$375,492$867,555
61$1,198,578$469,762$329,617$879,745
62$1,260,538$432,485$280,363$892,471
63$1,326,918$391,481$227,560$905,833
64$1,398,109$346,510$171,029$919,944
65$1,474,541$297,314$110,584$934,934
66$1,556,685$243,622$46,029$950,950
67$1,645,057$185,150$0$968,158
68$1,740,225$121,595$0$993,092
69$1,842,813$52,638$0$1,033,661
70$1,953,504$0$0$1,077,386
71$2,073,052$0$0$1,130,186
72$2,202,283$0$0$1,201,716
73$2,342,106$0$0$1,279,165
74$2,493,519$0$0$1,363,092
75$2,657,621$0$0$1,454,114
76$2,835,618$0$0$1,552,907
77$3,028,839$0$0$1,660,217
78$3,238,744$0$0$1,776,863
79$3,466,941$0$0$1,903,748
80$3,715,195$0$0$2,041,862
81$3,985,451$0$0$2,192,298
82$4,279,851$0$0$2,356,257
83$4,600,747$0$0$2,535,060
84$4,950,731$0$0$2,730,163
85$5,332,657$0$0$2,943,167
86$5,749,662$0$0$3,175,835
87$6,205,205$0$0$3,430,107
88$6,703,088$0$0$3,708,121
89$7,247,501$0$0$4,012,229
90$7,843,057$0$0$4,345,022
91$8,494,833$0$0$4,709,351
92$9,208,422$0$0$5,108,357
93$9,989,980$0$0$5,545,499
94$10,846,290$0$0$6,024,587
95$11,784,820$0$0$6,549,815
96$12,813,794$0$0$7,125,804
97$13,942,272$0$0$7,757,643
98$15,180,231$0$0$8,450,938
99$16,538,660$0$0$9,211,862
100$18,029,666$0$0$10,047,216