Can I retire at age 50 with 660,000?

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 $660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$54,502$54,017$53,543$53,081$52,629$51,108
2 years$26,981$26,479$25,992$25,520$25,062$23,541
3 years$17,809$17,304$16,818$16,351$15,900$14,428
4 years$13,224$12,720$12,239$11,780$11,340$9,928
5 years$10,473$9,973$9,498$9,048$8,621$7,272
6 years$8,640$8,144$7,676$7,236$6,821$5,537
7 years$7,331$6,839$6,379$5,949$5,547$4,328
8 years$6,350$5,862$5,410$4,990$4,602$3,447
9 years$5,587$5,104$4,659$4,251$3,876$2,783
10 years$4,977$4,499$4,062$3,664$3,302$2,271
11 years$4,479$4,005$3,576$3,189$2,840$1,869
12 years$4,064$3,595$3,174$2,797$2,461$1,547
13 years$3,713$3,249$2,836$2,469$2,146$1,288
14 years$3,412$2,953$2,548$2,192$1,881$1,077
15 years$3,152$2,698$2,300$1,955$1,656$903
16 years$2,924$2,475$2,086$1,750$1,464$760
17 years$2,723$2,279$1,898$1,573$1,298$641
18 years$2,545$2,106$1,732$1,417$1,154$541
19 years$2,386$1,952$1,586$1,281$1,029$458
20 years$2,243$1,814$1,456$1,160$919$388
21 years$2,114$1,690$1,339$1,053$822$330
22 years$1,996$1,577$1,234$957$737$280
23 years$1,889$1,475$1,139$872$662$238
24 years$1,792$1,382$1,054$795$595$202
25 years$1,702$1,297$976$726$535$172
26 years$1,619$1,219$905$664$482$147
27 years$1,542$1,147$840$608$435$125
28 years$1,471$1,081$781$557$392$106
29 years$1,405$1,020$727$511$354$91
30 years$1,343$963$677$469$320$77
31 years$1,286$910$631$430$289$66
32 years$1,232$861$589$395$262$56
33 years$1,182$816$550$364$237$48
34 years$1,135$773$514$335$214$41
35 years$1,090$733$480$308$194$35
36 years$1,048$696$449$284$176$30
37 years$1,009$661$421$261$159$25
38 years$971$628$394$241$145$22
39 years$936$597$369$222$131$19
40 years$902$568$346$205$119$16
41 years$871$541$324$189$108$14
42 years$840$515$304$174$98$12
43 years$812$491$286$161$89$10
44 years$784$468$268$149$81$8
45 years$758$446$252$137$73$7
46 years$733$426$236$127$66$6
47 years$710$406$222$117$60$5
48 years$687$388$209$108$55$4
49 years$665$370$196$100$50$4
50 years$644$354$184$93$45$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $660,000, adding $4,726 every year, while hoping to spend $28,209 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: 44/47/9 Blend
49$660,000$660,000$660,000$660,000
50$732,195$697,215$686,985$762,329
51$776,865$701,364$679,985$787,857
52$825,145$704,771$671,805$812,254
53$877,375$707,370$662,375$838,052
54$933,927$709,091$651,624$865,393
55$995,209$709,858$639,475$894,429
56$1,061,671$709,592$625,849$925,333
57$1,133,809$708,209$610,662$958,295
58$1,212,166$705,620$593,827$993,527
59$1,297,341$701,729$575,254$1,031,264
60$1,389,991$696,436$554,847$1,071,766
61$1,490,843$689,634$532,507$1,115,324
62$1,600,692$681,209$508,129$1,162,257
63$1,720,415$671,041$481,604$1,212,923
64$1,850,979$659,003$452,820$1,267,716
65$1,993,445$644,961$421,656$1,327,073
66$2,148,984$628,771$387,988$1,391,481
67$2,318,882$610,282$351,687$1,461,475
68$2,504,556$589,335$312,617$1,537,654
69$2,707,568$565,759$270,637$1,620,675
70$2,929,634$539,376$225,597$1,711,271
71$3,172,647$509,995$177,345$1,810,250
72$3,438,689$477,417$125,718$1,918,509
73$3,730,054$441,429$70,549$2,037,040
74$4,049,268$401,807$11,660$2,166,941
75$4,399,112$358,315$0$2,309,427
76$4,782,650$310,701$0$2,470,756
77$5,203,256$258,701$0$2,649,017
78$5,664,646$202,035$0$2,844,751
79$6,170,914$140,409$0$3,059,799
80$6,726,568$73,510$0$3,296,191
81$7,336,575$1,009$0$3,556,174
82$8,006,405$0$0$3,842,230
83$8,742,085$0$0$4,197,151
84$9,550,254$0$0$4,587,702
85$10,438,225$0$0$5,016,906
86$11,414,055$0$0$5,488,669
87$12,486,620$0$0$6,007,292
88$13,665,700$0$0$6,577,517
89$14,962,067$0$0$7,204,565
90$16,387,591$0$0$7,894,191
91$17,955,350$0$0$8,652,733
92$19,679,751$0$0$9,487,177
93$21,576,669$0$0$10,405,217
94$23,663,594$0$0$11,415,334
95$25,959,799$0$0$12,526,870
96$28,486,515$0$0$13,750,118
97$31,267,140$0$0$15,096,420
98$34,327,450$0$0$16,578,276
99$37,695,851$0$0$18,209,453
100$41,403,639$0$0$20,005,128