Can I retire at age 50 with 655,000?

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 $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%12.8%
1 years$54,089$53,607$53,137$52,679$52,231$51,621
2 years$26,777$26,278$25,795$25,326$24,872$24,258
3 years$17,674$17,173$16,691$16,227$15,780$15,181
4 years$13,123$12,624$12,147$11,690$11,254$10,675
5 years$10,394$9,897$9,426$8,979$8,555$7,998
6 years$8,575$8,082$7,618$7,181$6,769$6,234
7 years$7,276$6,787$6,331$5,904$5,505$4,992
8 years$6,302$5,818$5,369$4,953$4,567$4,076
9 years$5,545$5,066$4,624$4,218$3,846$3,377
10 years$4,940$4,465$4,031$3,636$3,277$2,830
11 years$4,445$3,975$3,549$3,165$2,819$2,392
12 years$4,033$3,568$3,150$2,776$2,442$2,037
13 years$3,684$3,224$2,814$2,451$2,130$1,745
14 years$3,386$2,931$2,529$2,175$1,867$1,502
15 years$3,128$2,677$2,283$1,940$1,644$1,298
16 years$2,902$2,456$2,070$1,737$1,453$1,126
17 years$2,703$2,262$1,883$1,561$1,288$979
18 years$2,526$2,090$1,719$1,407$1,145$854
19 years$2,368$1,937$1,574$1,271$1,021$746
20 years$2,226$1,800$1,445$1,151$912$653
21 years$2,098$1,677$1,329$1,045$816$572
22 years$1,981$1,565$1,225$950$731$502
23 years$1,875$1,464$1,131$865$657$442
24 years$1,778$1,372$1,046$789$590$389
25 years$1,689$1,287$969$721$531$342
26 years$1,606$1,210$898$659$478$302
27 years$1,530$1,139$834$603$431$266
28 years$1,460$1,073$775$553$389$235
29 years$1,394$1,012$722$507$351$207
30 years$1,333$956$672$465$318$183
31 years$1,276$904$627$427$287$162
32 years$1,223$855$585$392$260$143
33 years$1,173$810$546$361$235$126
34 years$1,126$767$510$332$213$112
35 years$1,082$728$477$306$193$99
36 years$1,040$691$446$282$175$88
37 years$1,001$656$418$259$158$78
38 years$964$624$391$239$143$69
39 years$929$593$366$220$130$61
40 years$895$564$343$203$118$54
41 years$864$537$322$188$107$48
42 years$834$511$302$173$97$42
43 years$805$487$283$160$88$37
44 years$778$464$266$148$80$33
45 years$752$443$250$136$73$29
46 years$728$423$235$126$66$26
47 years$704$403$220$116$60$23
48 years$682$385$207$107$54$20
49 years$660$368$195$99$49$18
50 years$640$351$183$92$45$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $655,000, adding $6,830 every year, while hoping to spend $23,025 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: 56/24/20 Blend
49$655,000$655,000$655,000$655,000
50$728,855$694,140$683,988$765,396
51$778,700$703,655$682,403$800,608
52$832,857$712,864$679,993$835,908
53$891,743$721,728$676,707$873,860
54$955,813$730,205$672,489$914,723
55$1,025,572$738,251$667,284$958,787
56$1,101,572$745,818$661,030$1,006,366
57$1,184,424$752,854$653,665$1,057,813
58$1,274,797$759,305$645,125$1,113,513
59$1,373,429$765,114$635,339$1,173,893
60$1,481,132$770,218$624,237$1,239,424
61$1,598,801$774,552$611,742$1,310,625
62$1,727,420$778,047$597,777$1,388,071
63$1,868,073$780,627$582,258$1,472,395
64$2,021,952$782,213$565,100$1,564,294
65$2,190,372$782,723$546,212$1,664,541
66$2,374,780$782,067$525,500$1,773,987
67$2,576,769$780,149$502,865$1,893,570
68$2,798,093$776,870$478,205$2,024,326
69$3,040,685$772,123$451,411$2,167,399
70$3,306,672$765,794$422,371$2,324,052
71$3,598,399$757,764$390,966$2,495,675
72$3,918,447$747,906$357,075$2,683,804
73$4,269,660$736,085$320,569$2,890,134
74$4,655,170$722,158$281,312$3,116,535
75$5,078,427$705,973$239,166$3,365,068
76$5,543,232$687,371$193,983$3,638,009
77$6,053,771$666,182$145,611$3,937,866
78$6,614,657$642,226$93,890$4,267,409
79$7,230,970$615,313$38,654$4,629,690
80$7,908,309$585,243$0$5,028,077
81$8,652,838$551,802$0$5,470,617
82$9,471,354$514,766$0$5,966,158
83$10,371,339$473,897$0$6,511,003
84$11,361,041$428,943$0$7,110,177
85$12,449,545$379,640$0$7,769,221
86$13,646,861$325,705$0$8,494,239
87$14,964,019$266,842$0$9,291,965
88$16,413,170$202,738$0$10,169,817
89$18,007,703$133,062$0$11,135,975
90$19,762,370$57,464$0$12,199,454
91$21,693,428$0$0$13,370,192
92$23,818,784$0$0$14,665,595
93$26,158,175$0$0$16,108,226
94$28,733,345$0$0$17,696,328
95$31,568,254$0$0$19,444,685
96$34,689,303$0$0$21,369,591
97$38,125,583$0$0$23,488,995
98$41,909,149$0$0$25,822,679
99$46,075,325$0$0$28,392,440
100$50,663,031$0$0$31,222,295