Can I retire at age 50 with 657,000?

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 $657,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$54,254$53,771$53,300$52,839$52,390$50,835
2 years$26,859$26,358$25,874$25,404$24,948$23,394
3 years$17,728$17,226$16,742$16,276$15,828$14,324
4 years$13,163$12,663$12,184$11,726$11,289$9,846
5 years$10,425$9,928$9,455$9,007$8,581$7,204
6 years$8,601$8,107$7,641$7,203$6,790$5,480
7 years$7,298$6,808$6,350$5,922$5,522$4,278
8 years$6,321$5,836$5,385$4,968$4,581$3,403
9 years$5,562$5,081$4,638$4,231$3,858$2,745
10 years$4,955$4,479$4,044$3,647$3,287$2,237
11 years$4,459$3,987$3,560$3,174$2,827$1,838
12 years$4,045$3,579$3,159$2,784$2,450$1,520
13 years$3,696$3,234$2,823$2,458$2,136$1,264
14 years$3,396$2,940$2,536$2,182$1,873$1,055
15 years$3,137$2,685$2,290$1,946$1,649$884
16 years$2,911$2,464$2,076$1,742$1,457$742
17 years$2,711$2,269$1,889$1,566$1,292$625
18 years$2,534$2,097$1,725$1,411$1,149$527
19 years$2,375$1,943$1,579$1,275$1,024$446
20 years$2,233$1,806$1,449$1,155$915$377
21 years$2,104$1,682$1,333$1,048$819$319
22 years$1,987$1,570$1,228$953$734$271
23 years$1,881$1,468$1,134$868$659$230
24 years$1,783$1,376$1,049$791$592$195
25 years$1,694$1,291$971$723$533$166
26 years$1,611$1,213$901$661$480$141
27 years$1,535$1,142$837$605$433$120
28 years$1,464$1,076$778$554$390$102
29 years$1,399$1,015$724$508$352$87
30 years$1,337$959$674$466$318$74
31 years$1,280$906$629$428$288$63
32 years$1,227$858$586$394$260$54
33 years$1,177$812$548$362$236$46
34 years$1,130$770$512$333$213$39
35 years$1,085$730$478$307$193$33
36 years$1,043$693$447$282$175$28
37 years$1,004$658$419$260$159$24
38 years$967$625$392$240$144$21
39 years$932$595$367$221$131$17
40 years$898$566$344$204$118$15
41 years$867$539$323$188$107$13
42 years$836$513$303$174$97$11
43 years$808$489$284$160$88$9
44 years$781$466$267$148$80$8
45 years$755$444$251$137$73$7
46 years$730$424$235$126$66$6
47 years$706$404$221$117$60$5
48 years$684$386$208$108$55$4
49 years$662$369$195$100$50$4
50 years$641$352$184$92$45$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $657,000, adding $2,572 every year, while hoping to spend $36,804 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: 72/23/5 Blend
49$657,000$657,000$657,000$657,000
50$726,667$691,846$681,663$778,484
51$761,628$686,587$665,339$807,723
52$798,921$679,837$647,235$834,856
53$838,746$671,484$627,253$863,516
54$881,321$661,410$605,288$893,844
55$926,884$649,487$581,234$925,994
56$975,699$635,585$554,977$960,134
57$1,028,052$619,560$526,401$996,455
58$1,084,259$601,265$495,382$1,035,163
59$1,144,667$580,540$461,790$1,076,490
60$1,209,656$557,219$425,493$1,120,689
61$1,279,642$531,125$386,349$1,168,041
62$1,355,086$502,070$344,211$1,218,859
63$1,436,489$469,856$298,927$1,273,485
64$1,524,406$434,274$250,336$1,332,301
65$1,619,445$395,102$198,272$1,395,726
66$1,722,273$352,107$142,559$1,464,227
67$1,833,626$305,041$83,015$1,538,315
68$1,954,310$253,643$19,451$1,618,561
69$2,085,215$197,636$0$1,705,591
70$2,227,316$136,730$0$1,802,680
71$2,381,687$70,615$0$1,909,291
72$2,549,511$0$0$2,025,242
73$2,732,087$0$0$2,151,744
74$2,930,846$0$0$2,308,943
75$3,147,360$0$0$2,480,214
76$3,383,362$0$0$2,666,931
77$3,640,758$0$0$2,870,606
78$3,921,646$0$0$3,092,903
79$4,228,334$0$0$3,335,654
80$4,563,366$0$0$3,600,874
81$4,929,538$0$0$3,890,783
82$5,329,932$0$0$4,207,825
83$5,767,940$0$0$4,554,692
84$6,247,297$0$0$4,934,346
85$6,772,116$0$0$5,350,049
86$7,346,925$0$0$5,805,395
87$7,976,713$0$0$6,304,339
88$8,666,972$0$0$6,851,240
89$9,423,751$0$0$7,450,896
90$10,253,714$0$0$8,108,593
91$11,164,197$0$0$8,830,153
92$12,163,285$0$0$9,621,989
93$13,259,881$0$0$10,491,163
94$14,463,792$0$0$11,445,457
95$15,785,821$0$0$12,493,441
96$17,237,868$0$0$13,644,556
97$18,833,044$0$0$14,909,204
98$20,585,791$0$0$16,298,842
99$22,512,019$0$0$17,826,093
100$24,629,256$0$0$19,504,865