Can I retire at age 50 with 658,000?

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 $658,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$54,337$53,853$53,381$52,920$52,470$51,118
2 years$26,900$26,399$25,913$25,442$24,986$23,633
3 years$17,755$17,252$16,767$16,301$15,852$14,541
4 years$13,183$12,682$12,202$11,744$11,306$10,046
5 years$10,441$9,943$9,470$9,021$8,594$7,389
6 years$8,614$8,119$7,653$7,214$6,800$5,651
7 years$7,309$6,818$6,360$5,931$5,531$4,437
8 years$6,331$5,845$5,393$4,975$4,588$3,550
9 years$5,570$5,089$4,645$4,238$3,864$2,881
10 years$4,962$4,485$4,050$3,653$3,292$2,363
11 years$4,465$3,993$3,565$3,179$2,831$1,954
12 years$4,051$3,584$3,164$2,789$2,454$1,626
13 years$3,701$3,239$2,827$2,462$2,140$1,361
14 years$3,402$2,944$2,540$2,185$1,876$1,144
15 years$3,142$2,689$2,293$1,949$1,651$965
16 years$2,915$2,468$2,079$1,745$1,460$817
17 years$2,715$2,273$1,892$1,568$1,294$693
18 years$2,538$2,100$1,727$1,413$1,151$589
19 years$2,379$1,946$1,581$1,277$1,026$501
20 years$2,236$1,808$1,451$1,156$916$427
21 years$2,107$1,685$1,335$1,050$820$365
22 years$1,990$1,572$1,230$954$735$312
23 years$1,884$1,471$1,136$869$660$267
24 years$1,786$1,378$1,050$793$593$228
25 years$1,696$1,293$973$724$534$196
26 years$1,614$1,215$902$662$481$168
27 years$1,537$1,144$838$606$433$144
28 years$1,467$1,078$779$555$391$123
29 years$1,401$1,017$725$509$353$106
30 years$1,339$960$675$467$319$91
31 years$1,282$908$629$429$288$78
32 years$1,229$859$587$394$261$67
33 years$1,178$813$548$363$236$57
34 years$1,131$771$512$334$214$49
35 years$1,087$731$479$307$194$42
36 years$1,045$694$448$283$175$36
37 years$1,006$659$419$261$159$31
38 years$968$626$393$240$144$27
39 years$933$596$368$221$131$23
40 years$900$567$345$204$119$20
41 years$868$539$323$188$108$17
42 years$838$514$303$174$98$15
43 years$809$490$285$161$89$13
44 years$782$467$267$148$80$11
45 years$756$445$251$137$73$9
46 years$731$424$236$126$66$8
47 years$707$405$221$117$60$7
48 years$685$387$208$108$55$6
49 years$663$369$196$100$50$5
50 years$642$353$184$92$45$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $658,000, adding $2,206 every year, while hoping to spend $52,241 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: 49/31/20 Blend
49$658,000$658,000$658,000$658,000
50$727,391$692,517$682,318$758,848
51$746,001$670,867$649,592$759,251
52$764,759$646,404$614,019$754,197
53$783,623$618,937$575,447$747,608
54$802,549$588,261$533,721$739,361
55$821,483$554,161$488,675$729,323
56$840,367$516,407$440,138$717,353
57$859,132$474,758$387,930$703,298
58$877,702$428,960$331,865$686,995
59$895,991$378,743$271,745$668,270
60$913,901$323,820$207,368$646,936
61$931,324$263,892$138,520$622,791
62$948,136$198,640$64,977$595,620
63$964,200$127,728$0$565,192
64$979,363$50,801$0$534,140
65$993,452$0$0$514,301
66$1,006,275$0$0$502,652
67$1,017,617$0$0$507,494
68$1,027,241$0$0$511,368
69$1,034,880$0$0$514,128
70$1,040,239$0$0$515,614
71$1,042,987$0$0$515,646
72$1,042,760$0$0$514,026
73$1,039,152$0$0$510,533
74$1,031,712$0$0$504,922
75$1,019,940$0$0$496,922
76$1,003,281$0$0$486,231
77$981,121$0$0$472,516
78$952,779$0$0$455,408
79$917,502$0$0$434,498
80$874,453$0$0$409,333
81$822,710$0$0$379,413
82$761,249$0$0$344,183
83$688,940$0$0$303,031
84$604,532$0$0$255,279
85$506,642$0$0$200,179
86$393,741$0$0$136,903
87$264,139$0$0$64,536
88$115,971$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0