Can I retire at age 50 with 656,000?

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 $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%14.7%
1 years$54,172$53,689$53,219$52,759$52,310$51,296
2 years$26,818$26,318$25,834$25,365$24,910$23,892
3 years$17,701$17,199$16,716$16,252$15,804$14,814
4 years$13,143$12,643$12,165$11,708$11,271$10,318
5 years$10,410$9,913$9,441$8,993$8,568$7,653
6 years$8,588$8,094$7,630$7,192$6,780$5,904
7 years$7,287$6,798$6,340$5,913$5,514$4,678
8 years$6,312$5,827$5,377$4,960$4,574$3,778
9 years$5,553$5,073$4,631$4,225$3,852$3,095
10 years$4,947$4,472$4,038$3,642$3,282$2,564
11 years$4,452$3,981$3,555$3,170$2,823$2,142
12 years$4,039$3,573$3,155$2,780$2,446$1,802
13 years$3,690$3,229$2,818$2,454$2,133$1,524
14 years$3,391$2,935$2,532$2,179$1,870$1,295
15 years$3,133$2,681$2,286$1,943$1,646$1,105
16 years$2,906$2,460$2,073$1,740$1,455$946
17 years$2,707$2,266$1,886$1,563$1,290$811
18 years$2,530$2,094$1,722$1,409$1,147$698
19 years$2,372$1,940$1,576$1,273$1,023$601
20 years$2,230$1,803$1,447$1,153$913$519
21 years$2,101$1,679$1,331$1,046$817$448
22 years$1,984$1,568$1,226$951$733$388
23 years$1,878$1,466$1,132$866$658$336
24 years$1,781$1,374$1,047$790$591$291
25 years$1,691$1,289$970$722$532$253
26 years$1,609$1,212$900$660$479$219
27 years$1,533$1,140$835$604$432$191
28 years$1,462$1,074$777$553$390$166
29 years$1,396$1,014$723$507$352$144
30 years$1,335$957$673$466$318$125
31 years$1,278$905$628$428$288$109
32 years$1,225$856$586$393$260$95
33 years$1,175$811$547$361$235$83
34 years$1,128$769$511$333$213$72
35 years$1,084$729$478$306$193$63
36 years$1,042$692$447$282$175$54
37 years$1,003$657$418$260$158$47
38 years$965$625$392$239$144$41
39 years$930$594$367$221$130$36
40 years$897$565$344$204$118$31
41 years$865$538$322$188$107$27
42 years$835$512$302$173$97$24
43 years$807$488$284$160$88$21
44 years$779$465$266$148$80$18
45 years$754$444$250$137$73$16
46 years$729$423$235$126$66$14
47 years$705$404$221$116$60$12
48 years$683$386$207$108$54$10
49 years$661$368$195$99$49$9
50 years$640$352$183$92$45$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $656,000, adding $2,816 every year, while hoping to spend $22,957 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: 80/15/5 Blend
49$656,000$656,000$656,000$656,000
50$725,817$691,049$680,881$783,538
51$775,424$700,484$679,264$831,149
52$829,322$709,612$676,824$880,046
53$887,923$718,394$673,508$932,991
54$951,684$726,788$669,263$990,378
55$1,021,103$734,748$664,031$1,052,637
56$1,096,732$742,227$657,753$1,120,243
57$1,179,177$749,175$650,366$1,193,719
58$1,269,105$755,536$641,805$1,273,642
59$1,367,249$761,252$632,001$1,360,645
60$1,474,418$766,263$620,882$1,455,429
61$1,591,501$770,502$608,374$1,558,762
62$1,719,477$773,900$594,397$1,671,493
63$1,859,424$776,382$578,870$1,794,557
64$2,012,530$777,869$561,707$1,928,983
65$2,180,101$778,277$542,817$2,075,906
66$2,363,576$777,518$522,106$2,236,576
67$2,564,541$775,496$499,477$2,412,370
68$2,784,740$772,112$474,826$2,604,806
69$3,026,096$767,258$448,045$2,815,556
70$3,290,726$760,821$419,022$3,046,463
71$3,580,961$752,683$387,640$3,299,557
72$3,899,369$742,714$353,777$3,577,077
73$4,248,779$730,782$317,303$3,881,489
74$4,632,307$716,742$278,084$4,215,509
75$5,053,384$700,445$235,982$4,582,133
76$5,515,792$681,729$190,850$4,984,661
77$6,023,694$660,425$142,535$5,426,730
78$6,581,680$636,354$90,878$5,912,349
79$7,194,802$609,326$35,714$6,445,935
80$7,868,629$579,141$0$7,032,357
81$8,609,295$545,584$0$7,678,214
82$9,423,557$508,433$0$8,390,298
83$10,318,863$467,448$0$9,173,229
84$11,303,413$422,380$0$10,034,198
85$12,386,247$372,962$0$10,981,132
86$13,577,321$318,914$0$12,022,765
87$14,887,607$259,940$0$13,168,722
88$16,329,192$195,726$0$14,429,610
89$17,915,394$125,941$0$15,817,120
90$19,660,889$50,237$0$17,344,133
91$21,581,845$0$0$19,024,847
92$23,696,078$0$0$20,880,148
93$26,023,219$0$0$22,931,431
94$28,584,898$0$0$25,189,472
95$31,404,949$0$0$27,675,283
96$34,509,632$0$0$30,412,015
97$37,927,887$0$0$33,425,181
98$41,691,600$0$0$36,742,891
99$45,835,906$0$0$40,396,119
100$50,399,522$0$0$44,418,999