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 $6,377 every year, while hoping to spend $56,117 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: 48/40/12 Blend
49$658,000$658,000$658,000$658,000
50$731,694$696,820$686,621$764,100
51$746,619$671,256$649,915$761,526
52$761,185$642,559$610,098$752,388
53$775,297$610,515$567,007$741,204
54$788,847$574,900$520,472$727,802
55$801,715$535,476$470,314$711,995
56$813,767$491,991$416,346$693,585
57$824,851$444,179$358,373$672,356
58$834,801$391,758$296,194$648,076
59$843,428$334,432$229,594$620,496
60$850,525$271,887$158,353$589,346
61$855,860$203,791$82,239$554,335
62$859,174$129,793$1,010$515,151
63$860,181$49,524$0$471,455
64$858,561$0$0$433,852
65$853,962$0$0$408,295
66$845,990$0$0$402,710
67$834,210$0$0$395,068
68$818,139$0$0$385,112
69$797,242$0$0$372,558
70$770,927$0$0$357,090
71$738,538$0$0$338,360
72$699,347$0$0$315,983
73$652,552$0$0$289,530
74$597,262$0$0$258,532
75$532,495$0$0$222,464
76$457,162$0$0$180,751
77$370,061$0$0$132,755
78$269,863$0$0$77,770
79$155,101$0$0$15,018
80$24,150$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$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