Can I retire at age 50 with 664,000?

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 $664,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$54,832$54,344$53,868$53,402$52,948$51,668
2 years$27,145$26,639$26,149$25,674$25,213$23,932
3 years$17,917$17,409$16,920$16,450$15,996$14,753
4 years$13,304$12,797$12,314$11,851$11,409$10,213
5 years$10,537$10,033$9,556$9,103$8,673$7,528
6 years$8,692$8,193$7,723$7,280$6,862$5,770
7 years$7,376$6,880$6,418$5,985$5,581$4,541
8 years$6,389$5,898$5,443$5,021$4,630$3,642
9 years$5,621$5,135$4,688$4,276$3,899$2,962
10 years$5,008$4,526$4,087$3,686$3,322$2,435
11 years$4,506$4,030$3,598$3,208$2,857$2,019
12 years$4,088$3,617$3,193$2,814$2,476$1,685
13 years$3,735$3,268$2,853$2,484$2,159$1,414
14 years$3,433$2,971$2,563$2,205$1,893$1,192
15 years$3,171$2,714$2,314$1,967$1,666$1,008
16 years$2,942$2,490$2,098$1,761$1,473$856
17 years$2,740$2,293$1,909$1,582$1,306$728
18 years$2,561$2,119$1,743$1,426$1,161$621
19 years$2,401$1,964$1,596$1,288$1,035$530
20 years$2,257$1,825$1,464$1,167$924$453
21 years$2,127$1,700$1,347$1,059$827$388
22 years$2,009$1,587$1,241$963$742$333
23 years$1,901$1,484$1,146$877$666$285
24 years$1,802$1,390$1,060$800$598$245
25 years$1,712$1,305$982$730$538$211
26 years$1,628$1,226$911$668$485$181
27 years$1,551$1,154$846$611$437$156
28 years$1,480$1,088$786$560$395$134
29 years$1,413$1,026$732$514$356$115
30 years$1,352$969$681$471$322$99
31 years$1,294$916$635$433$291$86
32 years$1,240$867$593$398$263$74
33 years$1,189$821$553$366$238$64
34 years$1,142$778$517$337$216$55
35 years$1,097$738$483$310$195$47
36 years$1,055$700$452$285$177$41
37 years$1,015$665$423$263$160$35
38 years$977$632$396$242$145$30
39 years$942$601$371$223$132$26
40 years$908$572$348$206$120$23
41 years$876$544$326$190$109$19
42 years$845$518$306$176$98$17
43 years$816$494$287$162$89$14
44 years$789$471$270$150$81$12
45 years$763$449$253$138$74$11
46 years$738$428$238$128$67$9
47 years$714$409$223$118$61$8
48 years$691$390$210$109$55$7
49 years$669$373$197$101$50$6
50 years$648$356$186$93$45$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $664,000, adding $4,240 every year, while hoping to spend $24,596 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: 38/37/25 Blend
49$664,000$664,000$664,000$664,000
50$736,102$700,910$690,618$758,447
51$785,014$709,084$687,583$783,312
52$838,091$716,835$683,623$807,577
53$895,732$724,115$678,680$833,319
54$958,375$730,875$672,694$860,685
55$1,026,502$737,062$665,603$889,843
56$1,100,646$742,618$657,341$920,974
57$1,181,389$747,484$647,839$954,282
58$1,269,376$751,595$637,026$989,994
59$1,365,313$754,884$624,827$1,028,360
60$1,469,979$757,277$611,163$1,069,657
61$1,584,231$758,698$595,951$1,114,194
62$1,709,012$759,064$579,106$1,162,310
63$1,845,362$758,289$560,536$1,214,385
64$1,994,424$756,280$540,149$1,270,837
65$2,157,456$752,938$517,845$1,332,129
66$2,335,845$748,161$493,521$1,398,775
67$2,531,116$741,836$467,069$1,471,344
68$2,744,952$733,848$438,378$1,550,464
69$2,979,202$724,071$407,328$1,636,833
70$3,235,905$712,375$373,798$1,731,221
71$3,517,305$698,620$337,659$1,834,480
72$3,825,876$682,657$298,776$1,947,556
73$4,164,339$664,332$257,009$2,071,490
74$4,535,695$643,478$212,212$2,207,437
75$4,943,247$619,919$164,232$2,356,672
76$5,390,634$593,471$112,910$2,520,608
77$5,881,865$563,937$58,078$2,700,802
78$6,421,354$531,109$0$2,898,979
79$7,013,968$494,768$0$3,117,160
80$7,665,063$454,682$0$3,373,875
81$8,380,543$410,606$0$3,655,991
82$9,166,912$362,279$0$3,966,130
83$10,031,335$309,429$0$4,307,187
84$10,981,705$251,765$0$4,682,353
85$12,026,719$188,981$0$5,095,151
86$13,175,958$120,754$0$5,549,469
87$14,439,978$46,744$0$6,049,593
88$15,830,411$0$0$6,600,254
89$17,360,071$0$0$7,220,273
90$19,043,077$0$0$7,923,492
91$20,894,987$0$0$8,697,392
92$22,932,941$0$0$9,549,149
93$25,175,826$0$0$10,486,671
94$27,644,454$0$0$11,518,670
95$30,361,753$0$0$12,654,748
96$33,352,990$0$0$13,905,483
97$36,646,004$0$0$15,282,531
98$40,271,473$0$0$16,798,737
99$44,263,199$0$0$18,468,254
100$48,658,428$0$0$20,306,677