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%11.3%
1 years$54,254$53,771$53,300$52,839$52,390$52,104
2 years$26,859$26,358$25,874$25,404$24,948$24,659
3 years$17,728$17,226$16,742$16,276$15,828$15,545
4 years$13,163$12,663$12,184$11,726$11,289$11,014
5 years$10,425$9,928$9,455$9,007$8,581$8,317
6 years$8,601$8,107$7,641$7,203$6,790$6,535
7 years$7,298$6,808$6,350$5,922$5,522$5,277
8 years$6,321$5,836$5,385$4,968$4,581$4,346
9 years$5,562$5,081$4,638$4,231$3,858$3,632
10 years$4,955$4,479$4,044$3,647$3,287$3,071
11 years$4,459$3,987$3,560$3,174$2,827$2,621
12 years$4,045$3,579$3,159$2,784$2,450$2,253
13 years$3,696$3,234$2,823$2,458$2,136$1,948
14 years$3,396$2,940$2,536$2,182$1,873$1,694
15 years$3,137$2,685$2,290$1,946$1,649$1,478
16 years$2,911$2,464$2,076$1,742$1,457$1,295
17 years$2,711$2,269$1,889$1,566$1,292$1,138
18 years$2,534$2,097$1,725$1,411$1,149$1,003
19 years$2,375$1,943$1,579$1,275$1,024$886
20 years$2,233$1,806$1,449$1,155$915$784
21 years$2,104$1,682$1,333$1,048$819$695
22 years$1,987$1,570$1,228$953$734$617
23 years$1,881$1,468$1,134$868$659$549
24 years$1,783$1,376$1,049$791$592$488
25 years$1,694$1,291$971$723$533$435
26 years$1,611$1,213$901$661$480$388
27 years$1,535$1,142$837$605$433$346
28 years$1,464$1,076$778$554$390$309
29 years$1,399$1,015$724$508$352$276
30 years$1,337$959$674$466$318$247
31 years$1,280$906$629$428$288$221
32 years$1,227$858$586$394$260$198
33 years$1,177$812$548$362$236$177
34 years$1,130$770$512$333$213$159
35 years$1,085$730$478$307$193$142
36 years$1,043$693$447$282$175$127
37 years$1,004$658$419$260$159$114
38 years$967$625$392$240$144$102
39 years$932$595$367$221$131$92
40 years$898$566$344$204$118$82
41 years$867$539$323$188$107$74
42 years$836$513$303$174$97$66
43 years$808$489$284$160$88$60
44 years$781$466$267$148$80$53
45 years$755$444$251$137$73$48
46 years$730$424$235$126$66$43
47 years$706$404$221$117$60$39
48 years$684$386$208$108$55$35
49 years$662$369$195$100$50$31
50 years$641$352$184$92$45$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $657,000, adding $6,543 every year, while hoping to spend $38,178 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: 80/14/6 Blend
49$657,000$657,000$657,000$657,000
50$730,763$695,942$685,759$788,360
51$764,680$689,422$668,110$820,495
52$800,777$681,303$648,591$850,031
53$839,235$671,467$627,099$881,278
54$880,255$659,786$603,525$914,387
55$924,055$646,130$577,756$949,524
56$970,874$630,355$549,676$986,873
57$1,020,974$612,313$519,161$1,026,635
58$1,074,643$591,846$486,083$1,069,032
59$1,132,196$568,787$450,307$1,114,309
60$1,193,980$542,957$411,692$1,162,739
61$1,260,374$514,171$370,092$1,214,618
62$1,331,796$482,228$325,353$1,270,276
63$1,408,703$446,921$277,317$1,330,076
64$1,491,598$408,028$225,814$1,394,418
65$1,581,033$365,313$170,671$1,463,745
66$1,677,616$318,531$111,705$1,538,544
67$1,782,012$267,418$48,727$1,619,353
68$1,894,955$211,700$0$1,706,764
69$2,017,250$151,083$0$1,802,616
70$2,149,784$85,260$0$1,909,854
71$2,293,529$13,904$0$2,026,167
72$2,449,556$0$0$2,152,446
73$2,619,045$0$0$2,299,434
74$2,803,289$0$0$2,461,565
75$3,003,715$0$0$2,637,951
76$3,221,892$0$0$2,829,976
77$3,459,543$0$0$3,039,161
78$3,718,570$0$0$3,267,180
79$4,001,060$0$0$3,515,873
80$4,309,316$0$0$3,787,270
81$4,645,868$0$0$4,083,603
82$5,013,504$0$0$4,407,326
83$5,415,293$0$0$4,761,147
84$5,854,612$0$0$5,148,042
85$6,335,180$0$0$5,571,289
86$6,861,094$0$0$6,034,500
87$7,436,862$0$0$6,541,648
88$8,067,450$0$0$7,097,112
89$8,758,328$0$0$7,705,713
90$9,515,516$0$0$8,372,758
91$10,345,649$0$0$9,104,095
92$11,256,032$0$0$9,906,164
93$12,254,709$0$0$10,786,058
94$13,350,545$0$0$11,751,590
95$14,553,300$0$0$12,811,364
96$15,873,728$0$0$13,974,860
97$17,323,673$0$0$15,252,520
98$18,916,184$0$0$16,655,847
99$20,665,634$0$0$18,197,511
100$22,587,858$0$0$19,891,472