Can I retire at age 50 with 654,000?

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 $654,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$54,007$53,526$53,056$52,598$52,151$50,381
2 years$26,736$26,238$25,755$25,288$24,834$23,068
3 years$17,647$17,147$16,666$16,202$15,756$14,050
4 years$13,103$12,605$12,128$11,673$11,237$9,604
5 years$10,378$9,882$9,412$8,966$8,542$6,987
6 years$8,561$8,070$7,606$7,170$6,759$5,282
7 years$7,265$6,777$6,321$5,895$5,497$4,098
8 years$6,292$5,809$5,361$4,945$4,560$3,239
9 years$5,537$5,058$4,617$4,212$3,840$2,595
10 years$4,932$4,458$4,025$3,631$3,272$2,100
11 years$4,438$3,969$3,544$3,160$2,814$1,713
12 years$4,027$3,562$3,145$2,772$2,439$1,407
13 years$3,679$3,219$2,810$2,447$2,127$1,161
14 years$3,381$2,926$2,525$2,172$1,864$962
15 years$3,123$2,673$2,279$1,937$1,641$799
16 years$2,897$2,453$2,067$1,735$1,451$666
17 years$2,699$2,259$1,881$1,558$1,286$556
18 years$2,522$2,087$1,717$1,404$1,144$466
19 years$2,365$1,934$1,572$1,269$1,019$390
20 years$2,223$1,797$1,442$1,149$911$327
21 years$2,095$1,674$1,327$1,043$815$275
22 years$1,978$1,563$1,223$948$730$231
23 years$1,872$1,462$1,129$864$656$195
24 years$1,775$1,370$1,044$788$589$164
25 years$1,686$1,285$967$719$530$138
26 years$1,604$1,208$897$658$478$116
27 years$1,528$1,137$833$602$431$98
28 years$1,458$1,071$774$552$389$83
29 years$1,392$1,011$720$506$351$70
30 years$1,331$954$671$464$317$59
31 years$1,274$902$626$426$287$50
32 years$1,221$854$584$392$259$42
33 years$1,171$808$545$360$235$35
34 years$1,124$766$509$332$212$30
35 years$1,080$727$476$305$192$25
36 years$1,039$690$445$281$174$21
37 years$999$655$417$259$158$18
38 years$962$623$390$239$143$15
39 years$927$592$366$220$130$13
40 years$894$563$343$203$118$11
41 years$863$536$321$187$107$9
42 years$833$511$302$173$97$8
43 years$804$487$283$160$88$7
44 years$777$464$266$147$80$5
45 years$751$442$249$136$73$5
46 years$727$422$234$126$66$4
47 years$703$403$220$116$60$3
48 years$681$384$207$107$54$3
49 years$659$367$194$99$49$2
50 years$639$351$183$92$45$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $654,000, adding $4,494 every year, while hoping to spend $33,080 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: 42/41/17 Blend
49$654,000$654,000$654,000$654,000
50$725,344$690,682$680,545$752,023
51$764,132$689,328$668,146$769,949
52$805,768$686,800$654,223$785,762
53$850,507$683,004$638,691$802,186
54$898,630$677,842$621,458$819,293
55$950,444$671,211$602,431$837,163
56$1,006,289$662,999$581,512$855,889
57$1,066,535$653,091$558,597$875,575
58$1,131,590$641,361$533,579$896,336
59$1,201,904$627,679$506,345$918,306
60$1,277,969$611,906$476,779$941,631
61$1,360,327$593,895$444,756$966,477
62$1,449,573$573,489$410,148$993,031
63$1,546,363$550,523$372,822$1,021,501
64$1,651,417$524,824$332,636$1,052,121
65$1,765,528$496,206$289,445$1,085,153
66$1,889,566$464,474$243,096$1,120,889
67$2,024,490$429,423$193,429$1,159,657
68$2,171,356$390,832$140,276$1,201,822
69$2,331,324$348,472$83,465$1,247,790
70$2,505,671$302,099$22,813$1,298,017
71$2,695,802$251,455$0$1,353,008
72$2,903,266$196,268$0$1,420,932
73$3,129,764$136,250$0$1,499,724
74$3,377,171$71,098$0$1,585,978
75$3,647,552$491$0$1,680,511
76$3,943,177$0$0$1,784,229
77$4,266,549$0$0$1,932,384
78$4,620,422$0$0$2,094,836
79$5,007,828$0$0$2,272,768
80$5,432,107$0$0$2,467,722
81$5,896,938$0$0$2,681,400
82$6,406,370$0$0$2,915,676
83$6,964,864$0$0$3,172,611
84$7,577,334$0$0$3,454,480
85$8,249,190$0$0$3,763,785
86$8,986,393$0$0$4,103,282
87$9,795,508$0$0$4,476,010
88$10,683,767$0$0$4,885,313
89$11,659,135$0$0$5,334,876
90$12,730,388$0$0$5,828,759
91$13,907,192$0$0$6,371,435
92$15,200,198$0$0$6,967,831
93$16,621,135$0$0$7,623,373
94$18,182,929$0$0$8,344,043
95$19,899,820$0$0$9,136,429
96$21,787,493$0$0$10,007,788
97$23,863,232$0$0$10,966,119
98$26,146,080$0$0$12,020,232
99$28,657,015$0$0$13,179,835
100$31,419,153$0$0$14,455,624