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%15.1%
1 years$53,924$53,444$52,975$52,518$52,071$50,978
2 years$26,695$26,198$25,716$25,249$24,796$23,700
3 years$17,620$17,121$16,640$16,177$15,731$14,667
4 years$13,083$12,585$12,110$11,655$11,220$10,194
5 years$10,362$9,867$9,398$8,952$8,529$7,546
6 years$8,548$8,057$7,595$7,159$6,749$5,809
7 years$7,253$6,766$6,311$5,886$5,489$4,592
8 years$6,283$5,800$5,352$4,937$4,553$3,700
9 years$5,528$5,050$4,610$4,206$3,835$3,024
10 years$4,925$4,451$4,019$3,625$3,267$2,499
11 years$4,431$3,963$3,538$3,155$2,810$2,082
12 years$4,021$3,557$3,140$2,767$2,435$1,747
13 years$3,673$3,214$2,806$2,443$2,123$1,474
14 years$3,376$2,922$2,521$2,169$1,861$1,249
15 years$3,118$2,669$2,276$1,934$1,639$1,063
16 years$2,893$2,449$2,063$1,732$1,448$907
17 years$2,695$2,255$1,878$1,556$1,284$776
18 years$2,518$2,084$1,714$1,402$1,142$665
19 years$2,361$1,931$1,569$1,267$1,018$572
20 years$2,219$1,795$1,440$1,148$909$492
21 years$2,091$1,672$1,325$1,042$814$424
22 years$1,975$1,560$1,221$947$729$365
23 years$1,869$1,459$1,127$862$655$316
24 years$1,773$1,367$1,042$787$588$273
25 years$1,684$1,283$966$718$529$236
26 years$1,602$1,206$896$657$477$204
27 years$1,526$1,135$832$601$430$177
28 years$1,455$1,070$773$551$388$153
29 years$1,390$1,009$719$505$350$133
30 years$1,329$953$670$464$317$115
31 years$1,272$901$625$426$286$100
32 years$1,219$852$583$391$259$86
33 years$1,169$807$544$360$234$75
34 years$1,123$765$508$331$212$65
35 years$1,079$726$475$305$192$56
36 years$1,037$689$445$281$174$49
37 years$998$654$416$259$158$43
38 years$961$622$390$238$143$37
39 years$926$591$365$220$130$32
40 years$893$562$342$203$118$28
41 years$861$535$321$187$107$24
42 years$831$510$301$173$97$21
43 years$803$486$283$159$88$18
44 years$776$463$265$147$80$16
45 years$750$442$249$136$72$14
46 years$725$421$234$126$66$12
47 years$702$402$220$116$60$10
48 years$680$384$206$107$54$9
49 years$658$366$194$99$49$8
50 years$638$350$182$92$45$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $653,000, adding $2,129 every year, while hoping to spend $44,303 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: 77/8/15 Blend
49$653,000$653,000$653,000$653,000
50$721,802$687,193$677,072$774,918
51$748,288$673,727$652,615$796,787
52$775,990$658,117$625,855$814,965
53$804,987$640,210$596,667$833,676
54$835,361$619,846$564,921$852,958
55$867,204$596,855$530,482$872,852
56$900,614$571,056$493,208$893,405
57$935,697$542,259$452,951$914,669
58$972,571$510,262$409,558$936,702
59$1,011,361$474,852$362,866$959,568
60$1,052,204$435,805$312,706$983,339
61$1,095,251$392,881$258,904$1,008,095
62$1,140,664$345,829$201,274$1,033,924
63$1,188,620$294,383$139,625$1,060,925
64$1,239,313$238,262$73,757$1,089,208
65$1,292,955$177,169$3,459$1,118,895
66$1,349,776$110,790$0$1,150,121
67$1,410,029$38,794$0$1,194,492
68$1,473,988$0$0$1,242,057
69$1,541,956$0$0$1,295,934
70$1,614,261$0$0$1,356,895
71$1,691,265$0$0$1,421,830
72$1,773,362$0$0$1,491,075
73$1,860,985$0$0$1,564,995
74$1,954,608$0$0$1,643,993
75$2,054,750$0$0$1,728,509
76$2,161,981$0$0$1,819,025
77$2,276,926$0$0$1,916,072
78$2,400,269$0$0$2,020,230
79$2,532,763$0$0$2,132,136
80$2,675,232$0$0$2,252,492
81$2,828,584$0$0$2,382,064
82$2,993,812$0$0$2,521,696
83$3,172,010$0$0$2,672,316
84$3,364,379$0$0$2,834,942
85$3,572,237$0$0$3,010,692
86$3,797,034$0$0$3,200,796
87$4,040,364$0$0$3,406,606
88$4,303,979$0$0$3,629,606
89$4,589,805$0$0$3,871,432
90$4,899,960$0$0$4,133,880
91$5,236,773$0$0$4,418,926
92$5,602,808$0$0$4,728,744
93$6,000,882$0$0$5,065,723
94$6,434,097$0$0$5,432,497
95$6,905,866$0$0$5,831,958
96$7,419,943$0$0$6,267,293
97$7,980,461$0$0$6,742,007
98$8,591,968$0$0$7,259,958
99$9,259,470$0$0$7,825,394
100$9,988,477$0$0$8,442,989