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%16.9%
1 years$54,502$54,017$53,543$53,081$52,629$51,150
2 years$26,981$26,479$25,992$25,520$25,062$23,582
3 years$17,809$17,304$16,818$16,351$15,900$14,467
4 years$13,224$12,720$12,239$11,780$11,340$9,965
5 years$10,473$9,973$9,498$9,048$8,621$7,307
6 years$8,640$8,144$7,676$7,236$6,821$5,570
7 years$7,331$6,839$6,379$5,949$5,547$4,358
8 years$6,350$5,862$5,410$4,990$4,602$3,475
9 years$5,587$5,104$4,659$4,251$3,876$2,809
10 years$4,977$4,499$4,062$3,664$3,302$2,295
11 years$4,479$4,005$3,576$3,189$2,840$1,891
12 years$4,064$3,595$3,174$2,797$2,461$1,568
13 years$3,713$3,249$2,836$2,469$2,146$1,307
14 years$3,412$2,953$2,548$2,192$1,881$1,094
15 years$3,152$2,698$2,300$1,955$1,656$919
16 years$2,924$2,475$2,086$1,750$1,464$774
17 years$2,723$2,279$1,898$1,573$1,298$654
18 years$2,545$2,106$1,732$1,417$1,154$553
19 years$2,386$1,952$1,586$1,281$1,029$469
20 years$2,243$1,814$1,456$1,160$919$398
21 years$2,114$1,690$1,339$1,053$822$338
22 years$1,996$1,577$1,234$957$737$288
23 years$1,889$1,475$1,139$872$662$245
24 years$1,792$1,382$1,054$795$595$209
25 years$1,702$1,297$976$726$535$178
26 years$1,619$1,219$905$664$482$152
27 years$1,542$1,147$840$608$435$129
28 years$1,471$1,081$781$557$392$111
29 years$1,405$1,020$727$511$354$94
30 years$1,343$963$677$469$320$81
31 years$1,286$910$631$430$289$69
32 years$1,232$861$589$395$262$59
33 years$1,182$816$550$364$237$50
34 years$1,135$773$514$335$214$43
35 years$1,090$733$480$308$194$37
36 years$1,048$696$449$284$176$31
37 years$1,009$661$421$261$159$27
38 years$971$628$394$241$145$23
39 years$936$597$369$222$131$20
40 years$902$568$346$205$119$17
41 years$871$541$324$189$108$14
42 years$840$515$304$174$98$12
43 years$812$491$286$161$89$11
44 years$784$468$268$149$81$9
45 years$758$446$252$137$73$8
46 years$733$426$236$127$66$7
47 years$710$406$222$117$60$6
48 years$687$388$209$108$55$5
49 years$665$370$196$100$50$4
50 years$644$354$184$93$45$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $660,000, adding $6,077 every year, while hoping to spend $33,341 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: 25/48/27 Blend
49$660,000$660,000$660,000$660,000
50$733,588$698,608$688,378$745,592
51$772,940$697,366$675,965$754,767
52$815,188$694,945$662,017$761,360
53$860,592$691,252$646,450$767,733
54$909,439$686,190$629,173$773,889
55$962,042$679,653$610,090$779,836
56$1,018,745$671,531$589,103$785,585
57$1,079,927$661,706$566,108$791,153
58$1,146,004$650,054$540,997$796,561
59$1,217,432$636,442$513,656$801,837
60$1,294,713$620,731$483,967$807,016
61$1,378,400$602,773$451,806$812,141
62$1,469,099$582,412$417,044$817,264
63$1,567,478$559,481$379,545$822,449
64$1,674,271$533,805$339,170$827,769
65$1,790,283$505,198$295,769$833,313
66$1,916,404$473,465$249,189$839,184
67$2,053,610$438,398$199,270$845,500
68$2,202,976$399,776$145,843$852,402
69$2,365,683$357,370$88,733$860,049
70$2,543,034$310,932$27,756$868,625
71$2,736,461$260,204$0$878,341
72$2,947,539$204,913$0$900,189
73$3,178,003$144,770$0$932,925
74$3,429,764$79,468$0$968,916
75$3,704,925$8,687$0$1,008,579
76$4,005,799$0$0$1,052,379
77$4,334,936$0$0$1,136,710
78$4,695,143$0$0$1,234,134
79$5,089,509$0$0$1,340,911
80$5,521,437$0$0$1,457,978
81$5,994,675$0$0$1,586,365
82$6,513,350$0$0$1,727,207
83$7,082,007$0$0$1,881,755
84$7,705,653$0$0$2,051,385
85$8,389,800$0$0$2,237,615
86$9,140,524$0$0$2,442,115
87$9,964,512$0$0$2,666,727
88$10,869,134$0$0$2,913,478
89$11,862,507$0$0$3,184,602
90$12,953,573$0$0$3,482,559
91$14,152,183$0$0$3,810,063
92$15,469,186$0$0$4,170,098
93$16,916,539$0$0$4,565,956
94$18,507,411$0$0$5,001,263
95$20,256,311$0$0$5,480,013
96$22,179,225$0$0$6,006,607
97$24,293,765$0$0$6,585,894
98$26,619,334$0$0$7,223,216
99$29,177,310$0$0$7,924,461
100$31,991,249$0$0$8,696,113