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%17.8%
1 years$54,172$53,689$53,219$52,759$52,310$50,656
2 years$26,818$26,318$25,834$25,365$24,910$23,258
3 years$17,701$17,199$16,716$16,252$15,804$14,207
4 years$13,143$12,643$12,165$11,708$11,271$9,741
5 years$10,410$9,913$9,441$8,993$8,568$7,109
6 years$8,588$8,094$7,630$7,192$6,780$5,392
7 years$7,287$6,798$6,340$5,913$5,514$4,198
8 years$6,312$5,827$5,377$4,960$4,574$3,329
9 years$5,553$5,073$4,631$4,225$3,852$2,677
10 years$4,947$4,472$4,038$3,642$3,282$2,175
11 years$4,452$3,981$3,555$3,170$2,823$1,781
12 years$4,039$3,573$3,155$2,780$2,446$1,468
13 years$3,690$3,229$2,818$2,454$2,133$1,217
14 years$3,391$2,935$2,532$2,179$1,870$1,012
15 years$3,133$2,681$2,286$1,943$1,646$845
16 years$2,906$2,460$2,073$1,740$1,455$707
17 years$2,707$2,266$1,886$1,563$1,290$593
18 years$2,530$2,094$1,722$1,409$1,147$499
19 years$2,372$1,940$1,576$1,273$1,023$420
20 years$2,230$1,803$1,447$1,153$913$354
21 years$2,101$1,679$1,331$1,046$817$299
22 years$1,984$1,568$1,226$951$733$252
23 years$1,878$1,466$1,132$866$658$213
24 years$1,781$1,374$1,047$790$591$180
25 years$1,691$1,289$970$722$532$153
26 years$1,609$1,212$900$660$479$129
27 years$1,533$1,140$835$604$432$109
28 years$1,462$1,074$777$553$390$93
29 years$1,396$1,014$723$507$352$79
30 years$1,335$957$673$466$318$67
31 years$1,278$905$628$428$288$57
32 years$1,225$856$586$393$260$48
33 years$1,175$811$547$361$235$41
34 years$1,128$769$511$333$213$34
35 years$1,084$729$478$306$193$29
36 years$1,042$692$447$282$175$25
37 years$1,003$657$418$260$158$21
38 years$965$625$392$239$144$18
39 years$930$594$367$221$130$15
40 years$897$565$344$204$118$13
41 years$865$538$322$188$107$11
42 years$835$512$302$173$97$9
43 years$807$488$284$160$88$8
44 years$779$465$266$148$80$7
45 years$754$444$250$137$73$6
46 years$729$423$235$126$66$5
47 years$705$404$221$116$60$4
48 years$683$386$207$108$54$3
49 years$661$368$195$99$49$3
50 years$640$352$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 $656,000, adding $5,409 every year, while hoping to spend $49,797 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: 60/14/26 Blend
49$656,000$656,000$656,000$656,000
50$728,491$693,723$683,555$766,809
51$749,814$674,732$653,471$774,530
52$771,642$653,141$620,710$777,117
53$793,976$628,771$585,129$778,876
54$816,811$601,431$546,581$779,738
55$840,144$570,920$504,910$779,628
56$863,968$537,024$459,953$778,467
57$888,273$499,518$411,542$776,170
58$913,046$458,164$359,498$772,646
59$938,273$412,710$303,637$767,800
60$963,934$362,889$243,766$761,526
61$990,005$308,422$179,683$753,715
62$1,016,461$249,009$111,177$744,249
63$1,043,267$184,338$38,028$733,000
64$1,070,386$114,076$0$719,834
65$1,097,773$37,874$0$715,711
66$1,125,378$0$0$721,350
67$1,153,140$0$0$732,972
68$1,180,993$0$0$750,459
69$1,208,859$0$0$767,927
70$1,236,651$0$0$785,314
71$1,264,269$0$0$802,556
72$1,291,601$0$0$819,576
73$1,318,519$0$0$836,290
74$1,344,881$0$0$852,602
75$1,370,526$0$0$868,404
76$1,395,273$0$0$883,577
77$1,418,921$0$0$897,985
78$1,441,243$0$0$911,478
79$1,461,985$0$0$923,886
80$1,480,866$0$0$935,023
81$1,497,571$0$0$944,678
82$1,511,747$0$0$952,617
83$1,523,004$0$0$958,582
84$1,530,907$0$0$962,282
85$1,534,971$0$0$963,395
86$1,534,659$0$0$961,566
87$1,529,373$0$0$956,397
88$1,518,452$0$0$947,448
89$1,501,158$0$0$934,232
90$1,476,676$0$0$916,208
91$1,444,103$0$0$892,775
92$1,402,437$0$0$863,270
93$1,350,569$0$0$826,958
94$1,287,270$0$0$783,025
95$1,211,182$0$0$730,570
96$1,120,800$0$0$668,596
97$1,014,460$0$0$596,001
98$890,323$0$0$511,566
99$746,354$0$0$413,945
100$580,304$0$0$301,647