Can I retire at age 50 with 655,000?

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 $655,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$54,089$53,607$53,137$52,679$52,231$51,535
2 years$26,777$26,278$25,795$25,326$24,872$24,172
3 years$17,674$17,173$16,691$16,227$15,780$15,098
4 years$13,123$12,624$12,147$11,690$11,254$10,595
5 years$10,394$9,897$9,426$8,979$8,555$7,921
6 years$8,575$8,082$7,618$7,181$6,769$6,161
7 years$7,276$6,787$6,331$5,904$5,505$4,923
8 years$6,302$5,818$5,369$4,953$4,567$4,010
9 years$5,545$5,066$4,624$4,218$3,846$3,315
10 years$4,940$4,465$4,031$3,636$3,277$2,771
11 years$4,445$3,975$3,549$3,165$2,819$2,337
12 years$4,033$3,568$3,150$2,776$2,442$1,985
13 years$3,684$3,224$2,814$2,451$2,130$1,696
14 years$3,386$2,931$2,529$2,175$1,867$1,456
15 years$3,128$2,677$2,283$1,940$1,644$1,255
16 years$2,902$2,456$2,070$1,737$1,453$1,085
17 years$2,703$2,262$1,883$1,561$1,288$941
18 years$2,526$2,090$1,719$1,407$1,145$818
19 years$2,368$1,937$1,574$1,271$1,021$713
20 years$2,226$1,800$1,445$1,151$912$622
21 years$2,098$1,677$1,329$1,045$816$544
22 years$1,981$1,565$1,225$950$731$476
23 years$1,875$1,464$1,131$865$657$417
24 years$1,778$1,372$1,046$789$590$366
25 years$1,689$1,287$969$721$531$321
26 years$1,606$1,210$898$659$478$282
27 years$1,530$1,139$834$603$431$248
28 years$1,460$1,073$775$553$389$218
29 years$1,394$1,012$722$507$351$192
30 years$1,333$956$672$465$318$169
31 years$1,276$904$627$427$287$149
32 years$1,223$855$585$392$260$131
33 years$1,173$810$546$361$235$116
34 years$1,126$767$510$332$213$102
35 years$1,082$728$477$306$193$90
36 years$1,040$691$446$282$175$79
37 years$1,001$656$418$259$158$70
38 years$964$624$391$239$143$62
39 years$929$593$366$220$130$54
40 years$895$564$343$203$118$48
41 years$864$537$322$188$107$42
42 years$834$511$302$173$97$37
43 years$805$487$283$160$88$33
44 years$778$464$266$148$80$29
45 years$752$443$250$136$73$26
46 years$728$423$235$126$66$23
47 years$704$403$220$116$60$20
48 years$682$385$207$107$54$18
49 years$660$368$195$99$49$16
50 years$640$351$183$92$45$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $655,000, adding $4,300 every year, while hoping to spend $33,700 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: 47/34/19 Blend
49$655,000$655,000$655,000$655,000
50$726,245$691,530$681,378$756,277
51$764,466$689,559$668,348$775,670
52$805,455$686,361$653,751$792,974
53$849,461$681,842$637,501$811,046
54$896,753$675,899$619,504$829,972
55$947,629$668,426$599,665$849,850
56$1,002,416$659,308$577,883$870,788
57$1,061,473$648,424$554,052$892,907
58$1,125,193$635,646$528,062$916,346
59$1,194,008$620,839$499,798$941,257
60$1,268,396$603,858$469,140$967,812
61$1,348,877$584,553$435,962$996,202
62$1,436,028$562,761$400,132$1,026,642
63$1,530,480$538,313$361,513$1,059,372
64$1,632,926$511,028$319,961$1,094,658
65$1,744,132$480,716$275,327$1,132,801
66$1,864,938$447,175$227,455$1,174,131
67$1,996,267$410,192$176,180$1,219,020
68$2,139,136$369,541$121,332$1,267,881
69$2,294,664$324,985$62,733$1,321,173
70$2,464,083$276,272$197$1,379,408
71$2,648,746$223,136$0$1,443,154
72$2,850,144$165,296$0$1,526,534
73$3,069,919$102,456$0$1,617,680
74$3,309,876$34,301$0$1,717,375
75$3,572,004$0$0$1,826,531
76$3,858,491$0$0$1,960,935
77$4,171,747$0$0$2,122,000
78$4,514,426$0$0$2,298,268
79$4,889,448$0$0$2,491,249
80$5,300,031$0$0$2,702,609
81$5,749,717$0$0$2,934,181
82$6,242,407$0$0$3,187,984
83$6,782,398$0$0$3,466,243
84$7,374,420$0$0$3,771,406
85$8,023,686$0$0$4,106,172
86$8,735,934$0$0$4,473,511
87$9,517,488$0$0$4,876,696
88$10,375,310$0$0$5,319,334
89$11,317,072$0$0$5,805,395
90$12,351,224$0$0$6,339,254
91$13,487,072$0$0$6,925,730
92$14,734,872$0$0$7,570,133
93$16,105,920$0$0$8,278,312
94$17,612,659$0$0$9,056,709
95$19,268,800$0$0$9,912,425
96$21,089,445$0$0$10,853,279
97$23,091,237$0$0$11,887,888
98$25,292,507$0$0$13,025,746
99$27,713,454$0$0$14,277,313
100$30,376,334$0$0$15,654,112