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%13.2%
1 years$54,254$53,771$53,300$52,839$52,390$51,693
2 years$26,859$26,358$25,874$25,404$24,948$24,246
3 years$17,728$17,226$16,742$16,276$15,828$15,144
4 years$13,163$12,663$12,184$11,726$11,289$10,628
5 years$10,425$9,928$9,455$9,007$8,581$7,945
6 years$8,601$8,107$7,641$7,203$6,790$6,180
7 years$7,298$6,808$6,350$5,922$5,522$4,938
8 years$6,321$5,836$5,385$4,968$4,581$4,022
9 years$5,562$5,081$4,638$4,231$3,858$3,325
10 years$4,955$4,479$4,044$3,647$3,287$2,779
11 years$4,459$3,987$3,560$3,174$2,827$2,344
12 years$4,045$3,579$3,159$2,784$2,450$1,991
13 years$3,696$3,234$2,823$2,458$2,136$1,701
14 years$3,396$2,940$2,536$2,182$1,873$1,460
15 years$3,137$2,685$2,290$1,946$1,649$1,258
16 years$2,911$2,464$2,076$1,742$1,457$1,088
17 years$2,711$2,269$1,889$1,566$1,292$944
18 years$2,534$2,097$1,725$1,411$1,149$821
19 years$2,375$1,943$1,579$1,275$1,024$715
20 years$2,233$1,806$1,449$1,155$915$624
21 years$2,104$1,682$1,333$1,048$819$545
22 years$1,987$1,570$1,228$953$734$477
23 years$1,881$1,468$1,134$868$659$418
24 years$1,783$1,376$1,049$791$592$367
25 years$1,694$1,291$971$723$533$322
26 years$1,611$1,213$901$661$480$283
27 years$1,535$1,142$837$605$433$249
28 years$1,464$1,076$778$554$390$219
29 years$1,399$1,015$724$508$352$193
30 years$1,337$959$674$466$318$170
31 years$1,280$906$629$428$288$149
32 years$1,227$858$586$394$260$132
33 years$1,177$812$548$362$236$116
34 years$1,130$770$512$333$213$102
35 years$1,085$730$478$307$193$90
36 years$1,043$693$447$282$175$80
37 years$1,004$658$419$260$159$70
38 years$967$625$392$240$144$62
39 years$932$595$367$221$131$55
40 years$898$566$344$204$118$48
41 years$867$539$323$188$107$43
42 years$836$513$303$174$97$38
43 years$808$489$284$160$88$33
44 years$781$466$267$148$80$29
45 years$755$444$251$137$73$26
46 years$730$424$235$126$66$23
47 years$706$404$221$117$60$20
48 years$684$386$208$108$55$18
49 years$662$369$195$100$50$16
50 years$641$352$184$92$45$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $657,000, adding $4,621 every year, while hoping to spend $37,192 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: 80/8/12 Blend
49$657,000$657,000$657,000$657,000
50$728,781$693,960$683,776$785,105
51$763,544$688,392$667,111$817,189
52$800,607$681,304$648,640$847,090
53$840,165$672,584$628,265$878,820
54$882,431$662,110$605,882$912,546
55$927,640$649,755$581,380$948,449
56$976,050$635,383$554,647$986,732
57$1,027,942$618,851$525,562$1,027,615
58$1,083,625$600,008$494,001$1,071,345
59$1,143,439$578,693$459,835$1,118,189
60$1,207,756$554,735$422,926$1,168,447
61$1,276,986$527,956$383,133$1,222,445
62$1,351,578$498,166$340,307$1,280,546
63$1,432,025$465,162$294,293$1,343,149
64$1,518,869$428,732$244,929$1,410,693
65$1,612,705$388,651$192,046$1,483,664
66$1,714,189$344,683$135,467$1,562,598
67$1,824,039$296,575$75,008$1,648,084
68$1,943,046$244,062$10,476$1,740,773
69$2,072,080$186,865$0$1,841,386
70$2,212,097$124,686$0$1,958,189
71$2,364,149$57,213$0$2,086,498
72$2,529,392$0$0$2,225,962
73$2,709,099$0$0$2,379,072
74$2,904,670$0$0$2,551,195
75$3,117,646$0$0$2,738,653
76$3,349,721$0$0$2,942,940
77$3,602,761$0$0$3,165,700
78$3,878,819$0$0$3,408,742
79$4,180,155$0$0$3,674,059
80$4,509,257$0$0$3,963,844
81$4,868,863$0$0$4,280,510
82$5,261,989$0$0$4,626,715
83$5,691,953$0$0$5,005,386
84$6,162,411$0$0$5,419,743
85$6,677,386$0$0$5,873,334
86$7,241,311$0$0$6,370,067
87$7,859,065$0$0$6,914,242
88$8,536,023$0$0$7,510,598
89$9,278,104$0$0$8,164,351
90$10,091,827$0$0$8,881,249
91$10,984,371$0$0$9,667,621
92$11,963,644$0$0$10,530,439
93$13,038,358$0$0$11,477,380
94$14,218,107$0$0$12,516,903
95$15,513,460$0$0$13,658,327
96$16,936,060$0$0$14,911,913
97$18,498,732$0$0$16,288,969
98$20,215,605$0$0$17,801,950
99$22,102,245$0$0$19,464,577
100$24,175,798$0$0$21,291,968