Can I retire at age 50 with 659,000?

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 $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%11.4%
1 years$54,420$53,935$53,462$53,000$52,550$52,240
2 years$26,940$26,439$25,952$25,481$25,024$24,712
3 years$17,782$17,278$16,793$16,326$15,876$15,571
4 years$13,203$12,701$12,221$11,762$11,323$11,027
5 years$10,457$9,958$9,484$9,034$8,607$8,322
6 years$8,627$8,131$7,664$7,225$6,811$6,536
7 years$7,320$6,829$6,369$5,940$5,539$5,274
8 years$6,340$5,853$5,402$4,983$4,595$4,341
9 years$5,579$5,096$4,652$4,244$3,870$3,626
10 years$4,970$4,492$4,056$3,659$3,297$3,064
11 years$4,472$3,999$3,571$3,184$2,836$2,613
12 years$4,058$3,589$3,169$2,793$2,457$2,245
13 years$3,707$3,244$2,831$2,466$2,143$1,940
14 years$3,407$2,949$2,544$2,189$1,878$1,686
15 years$3,147$2,694$2,297$1,952$1,654$1,471
16 years$2,920$2,471$2,082$1,748$1,462$1,288
17 years$2,719$2,276$1,895$1,570$1,296$1,131
18 years$2,542$2,103$1,730$1,415$1,152$996
19 years$2,383$1,949$1,584$1,279$1,027$879
20 years$2,240$1,811$1,453$1,158$917$777
21 years$2,111$1,687$1,337$1,051$821$688
22 years$1,993$1,575$1,232$956$736$611
23 years$1,887$1,473$1,138$870$661$543
24 years$1,789$1,380$1,052$794$594$483
25 years$1,699$1,295$974$725$534$430
26 years$1,616$1,217$904$663$481$383
27 years$1,540$1,145$839$607$434$341
28 years$1,469$1,079$780$556$392$305
29 years$1,403$1,018$726$510$354$272
30 years$1,341$962$676$468$319$243
31 years$1,284$909$630$430$289$217
32 years$1,230$860$588$395$261$194
33 years$1,180$815$549$363$236$174
34 years$1,133$772$513$334$214$156
35 years$1,089$732$480$308$194$139
36 years$1,047$695$449$283$176$125
37 years$1,007$660$420$261$159$112
38 years$970$627$393$241$144$100
39 years$934$597$369$222$131$90
40 years$901$568$345$205$119$80
41 years$869$540$324$189$108$72
42 years$839$515$304$174$98$65
43 years$810$490$285$161$89$58
44 years$783$467$268$148$81$52
45 years$757$446$251$137$73$47
46 years$732$425$236$127$66$42
47 years$708$406$222$117$60$38
48 years$686$387$208$108$55$34
49 years$664$370$196$100$50$30
50 years$643$353$184$92$45$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $659,000, adding $5,485 every year, while hoping to spend $49,298 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: 74/10/16 Blend
49$659,000$659,000$659,000$659,000
50$731,876$696,949$686,734$783,013
51$754,074$678,647$657,287$799,309
52$776,885$657,795$625,201$810,559
53$800,318$634,218$590,336$821,576
54$824,383$607,727$552,545$832,323
55$849,090$578,125$511,675$842,763
56$874,446$545,203$467,565$852,853
57$900,459$508,737$420,048$862,549
58$927,135$468,494$368,949$871,802
59$954,479$424,227$314,085$880,561
60$982,495$375,673$255,266$888,769
61$1,011,184$322,556$192,292$896,366
62$1,040,546$264,582$124,955$903,288
63$1,070,579$201,445$53,039$909,463
64$1,101,279$132,816$0$914,817
65$1,132,637$58,351$0$923,317
66$1,164,643$0$0$940,752
67$1,197,283$0$0$960,463
68$1,230,537$0$0$987,081
69$1,264,385$0$0$1,014,166
70$1,298,798$0$0$1,041,696
71$1,333,742$0$0$1,069,643
72$1,369,178$0$0$1,097,974
73$1,405,060$0$0$1,126,650
74$1,441,332$0$0$1,155,626
75$1,477,933$0$0$1,184,851
76$1,514,789$0$0$1,214,264
77$1,551,816$0$0$1,243,797
78$1,588,919$0$0$1,273,372
79$1,625,990$0$0$1,302,898
80$1,662,905$0$0$1,332,274
81$1,699,523$0$0$1,361,387
82$1,735,687$0$0$1,390,105
83$1,771,219$0$0$1,418,282
84$1,805,917$0$0$1,445,755
85$1,839,556$0$0$1,472,339
86$1,871,884$0$0$1,497,827
87$1,902,617$0$0$1,521,986
88$1,931,439$0$0$1,544,558
89$1,957,995$0$0$1,565,254
90$1,981,890$0$0$1,583,750
91$2,002,685$0$0$1,599,685
92$2,019,888$0$0$1,612,660
93$2,032,953$0$0$1,622,227
94$2,041,272$0$0$1,627,889
95$2,044,170$0$0$1,629,096
96$2,040,896$0$0$1,625,233
97$2,030,617$0$0$1,615,619
98$2,012,409$0$0$1,599,501
99$1,985,245$0$0$1,576,040
100$1,947,990$0$0$1,544,308