Can I retire at age 50 with 659,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $659,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$54,420$53,935$53,462$53,000$52,550$52,175
2 years$26,940$26,439$25,952$25,481$25,024$24,646
3 years$17,782$17,278$16,793$16,326$15,876$15,507
4 years$13,203$12,701$12,221$11,762$11,323$10,965
5 years$10,457$9,958$9,484$9,034$8,607$8,262
6 years$8,627$8,131$7,664$7,225$6,811$6,478
7 years$7,320$6,829$6,369$5,940$5,539$5,219
8 years$6,340$5,853$5,402$4,983$4,595$4,289
9 years$5,579$5,096$4,652$4,244$3,870$3,576
10 years$4,970$4,492$4,056$3,659$3,297$3,017
11 years$4,472$3,999$3,571$3,184$2,836$2,568
12 years$4,058$3,589$3,169$2,793$2,457$2,202
13 years$3,707$3,244$2,831$2,466$2,143$1,899
14 years$3,407$2,949$2,544$2,189$1,878$1,647
15 years$3,147$2,694$2,297$1,952$1,654$1,434
16 years$2,920$2,471$2,082$1,748$1,462$1,253
17 years$2,719$2,276$1,895$1,570$1,296$1,098
18 years$2,542$2,103$1,730$1,415$1,152$965
19 years$2,383$1,949$1,584$1,279$1,027$850
20 years$2,240$1,811$1,453$1,158$917$750
21 years$2,111$1,687$1,337$1,051$821$663
22 years$1,993$1,575$1,232$956$736$587
23 years$1,887$1,473$1,138$870$661$520
24 years$1,789$1,380$1,052$794$594$461
25 years$1,699$1,295$974$725$534$410
26 years$1,616$1,217$904$663$481$364
27 years$1,540$1,145$839$607$434$324
28 years$1,469$1,079$780$556$392$289
29 years$1,403$1,018$726$510$354$257
30 years$1,341$962$676$468$319$229
31 years$1,284$909$630$430$289$204
32 years$1,230$860$588$395$261$182
33 years$1,180$815$549$363$236$163
34 years$1,133$772$513$334$214$145
35 years$1,089$732$480$308$194$130
36 years$1,047$695$449$283$176$116
37 years$1,007$660$420$261$159$104
38 years$970$627$393$241$144$93
39 years$934$597$369$222$131$83
40 years$901$568$345$205$119$74
41 years$869$540$324$189$108$66
42 years$839$515$304$174$98$59
43 years$810$490$285$161$89$53
44 years$783$467$268$148$81$47
45 years$757$446$251$137$73$42
46 years$732$425$236$127$66$38
47 years$708$406$222$117$60$34
48 years$686$387$208$108$55$30
49 years$664$370$196$100$50$27
50 years$643$353$184$92$45$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $659,000, adding $2,856 every year, while hoping to spend $38,433 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: 46/41/13 Blend
49$659,000$659,000$659,000$659,000
50$729,164$694,237$684,022$759,904
51$762,646$687,362$666,045$774,633
52$798,256$678,862$646,177$786,451
53$836,169$668,617$624,314$798,421
54$876,578$656,500$600,349$810,572
55$919,695$642,375$574,168$822,937
56$965,753$626,100$545,650$835,557
57$1,015,004$607,523$514,674$848,479
58$1,067,726$586,484$481,108$861,758
59$1,124,227$562,814$444,817$875,457
60$1,184,839$536,333$405,660$889,650
61$1,249,931$506,851$363,488$904,423
62$1,319,906$474,169$318,147$919,872
63$1,395,207$438,074$269,475$936,108
64$1,476,319$398,340$217,303$953,261
65$1,563,777$354,732$161,456$971,474
66$1,658,167$306,999$101,750$990,913
67$1,760,134$254,876$37,993$1,011,765
68$1,870,386$198,083$0$1,034,241
69$1,989,701$136,325$0$1,062,750
70$2,118,935$69,290$0$1,099,288
71$2,259,029$0$0$1,138,915
72$2,411,017$0$0$1,183,519
73$2,576,038$0$0$1,265,953
74$2,755,342$0$0$1,355,590
75$2,950,306$0$0$1,453,125
76$3,162,446$0$0$1,559,325
77$3,393,426$0$0$1,675,035
78$3,645,082$0$0$1,801,182
79$3,919,430$0$0$1,938,787
80$4,218,692$0$0$2,088,975
81$4,545,313$0$0$2,252,985
82$4,901,983$0$0$2,432,177
83$5,291,664$0$0$2,628,053
84$5,717,618$0$0$2,842,264
85$6,183,434$0$0$3,076,628
86$6,693,066$0$0$3,333,148
87$7,250,867$0$0$3,614,028
88$7,861,629$0$0$3,921,695
89$8,530,631$0$0$4,258,825
90$9,263,685$0$0$4,628,361
91$10,067,193$0$0$5,033,546
92$10,948,206$0$0$5,477,953
93$11,914,487$0$0$5,965,515
94$12,974,590$0$0$6,500,566
95$14,137,936$0$0$7,087,879
96$15,414,902$0$0$7,732,712
97$16,816,917$0$0$8,440,857
98$18,356,573$0$0$9,218,695
99$20,047,740$0$0$10,073,253
100$21,905,698$0$0$11,012,274