Can I retire at age 50 with 656,000?

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 $656,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$54,172$53,689$53,219$52,759$52,310$51,571
2 years$26,818$26,318$25,834$25,365$24,910$24,166
3 years$17,701$17,199$16,716$16,252$15,804$15,080
4 years$13,143$12,643$12,165$11,708$11,271$10,572
5 years$10,410$9,913$9,441$8,993$8,568$7,895
6 years$8,588$8,094$7,630$7,192$6,780$6,134
7 years$7,287$6,798$6,340$5,913$5,514$4,896
8 years$6,312$5,827$5,377$4,960$4,574$3,984
9 years$5,553$5,073$4,631$4,225$3,852$3,289
10 years$4,947$4,472$4,038$3,642$3,282$2,746
11 years$4,452$3,981$3,555$3,170$2,823$2,313
12 years$4,039$3,573$3,155$2,780$2,446$1,962
13 years$3,690$3,229$2,818$2,454$2,133$1,674
14 years$3,391$2,935$2,532$2,179$1,870$1,435
15 years$3,133$2,681$2,286$1,943$1,646$1,235
16 years$2,906$2,460$2,073$1,740$1,455$1,067
17 years$2,707$2,266$1,886$1,563$1,290$924
18 years$2,530$2,094$1,722$1,409$1,147$802
19 years$2,372$1,940$1,576$1,273$1,023$698
20 years$2,230$1,803$1,447$1,153$913$608
21 years$2,101$1,679$1,331$1,046$817$531
22 years$1,984$1,568$1,226$951$733$464
23 years$1,878$1,466$1,132$866$658$406
24 years$1,781$1,374$1,047$790$591$355
25 years$1,691$1,289$970$722$532$311
26 years$1,609$1,212$900$660$479$273
27 years$1,533$1,140$835$604$432$240
28 years$1,462$1,074$777$553$390$211
29 years$1,396$1,014$723$507$352$185
30 years$1,335$957$673$466$318$163
31 years$1,278$905$628$428$288$143
32 years$1,225$856$586$393$260$126
33 years$1,175$811$547$361$235$111
34 years$1,128$769$511$333$213$97
35 years$1,084$729$478$306$193$86
36 years$1,042$692$447$282$175$76
37 years$1,003$657$418$260$158$67
38 years$965$625$392$239$144$59
39 years$930$594$367$221$130$52
40 years$897$565$344$204$118$45
41 years$865$538$322$188$107$40
42 years$835$512$302$173$97$35
43 years$807$488$284$160$88$31
44 years$779$465$266$148$80$27
45 years$754$444$250$137$73$24
46 years$729$423$235$126$66$21
47 years$705$404$221$116$60$19
48 years$683$386$207$108$54$17
49 years$661$368$195$99$49$15
50 years$640$352$183$92$45$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $656,000, adding $4,087 every year, while hoping to spend $32,539 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: 42/42/16 Blend
49$656,000$656,000$656,000$656,000
50$727,128$692,360$682,192$754,101
51$766,674$691,664$670,424$772,823
52$809,162$689,844$657,171$789,570
53$854,860$686,809$642,350$807,011
54$904,059$682,466$625,871$825,223
55$957,079$676,713$607,644$844,296
56$1,014,272$669,443$587,572$864,331
57$1,076,026$660,544$565,553$885,438
58$1,142,765$649,895$541,483$907,746
59$1,214,956$637,369$515,252$931,396
60$1,293,113$622,831$486,745$956,548
61$1,377,801$606,140$455,841$983,379
62$1,469,639$587,144$422,414$1,012,091
63$1,569,311$565,683$386,334$1,042,908
64$1,677,568$541,588$347,463$1,076,078
65$1,795,234$514,680$305,657$1,111,883
66$1,923,219$484,770$260,767$1,150,635
67$2,062,521$451,658$212,637$1,192,682
68$2,214,241$415,132$161,104$1,238,413
69$2,379,589$374,969$105,996$1,288,262
70$2,559,897$330,932$47,136$1,342,712
71$2,756,630$282,771$0$1,402,300
72$2,971,402$230,223$0$1,470,302
73$3,205,989$173,007$0$1,553,468
74$3,462,346$110,831$0$1,644,518
75$3,742,626$43,383$0$1,744,312
76$4,049,199$0$0$1,853,800
77$4,384,674$0$0$1,987,749
78$4,751,925$0$0$2,156,416
79$5,154,116$0$0$2,341,213
80$5,594,732$0$0$2,543,751
81$6,077,610$0$0$2,765,806
82$6,606,976$0$0$3,009,333
83$7,187,485$0$0$3,276,483
84$7,824,264$0$0$3,569,630
85$8,522,959$0$0$3,891,384
86$9,289,791$0$0$4,244,623
87$10,131,611$0$0$4,632,516
88$11,055,965$0$0$5,058,555
89$12,071,168$0$0$5,526,586
90$13,186,378$0$0$6,040,846
91$14,411,684$0$0$6,606,003
92$15,758,200$0$0$7,227,199
93$17,238,171$0$0$7,910,100
94$18,865,088$0$0$8,660,947
95$20,653,811$0$0$9,486,616
96$22,620,716$0$0$10,394,686
97$24,783,841$0$0$11,393,501
98$27,163,064$0$0$12,492,261
99$29,780,282$0$0$13,701,098
100$32,659,624$0$0$15,031,176