Can I retire at age 50 with 666,000?

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 $666,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$54,998$54,508$54,030$53,563$53,108$51,387
2 years$27,227$26,719$26,228$25,752$25,289$23,572
3 years$17,971$17,461$16,971$16,499$16,045$14,385
4 years$13,344$12,836$12,351$11,887$11,443$9,853
5 years$10,568$10,064$9,585$9,130$8,699$7,183
6 years$8,719$8,218$7,746$7,302$6,883$5,442
7 years$7,398$6,901$6,437$6,003$5,598$4,232
8 years$6,408$5,916$5,459$5,036$4,644$3,353
9 years$5,638$5,151$4,702$4,289$3,911$2,692
10 years$5,023$4,540$4,099$3,697$3,332$2,185
11 years$4,520$4,042$3,609$3,218$2,866$1,787
12 years$4,101$3,628$3,203$2,823$2,483$1,471
13 years$3,746$3,278$2,861$2,492$2,166$1,217
14 years$3,443$2,980$2,571$2,212$1,898$1,011
15 years$3,180$2,722$2,321$1,973$1,672$843
16 years$2,951$2,498$2,105$1,766$1,477$705
17 years$2,748$2,300$1,915$1,587$1,310$590
18 years$2,569$2,125$1,748$1,430$1,165$495
19 years$2,408$1,970$1,600$1,292$1,038$416
20 years$2,264$1,830$1,469$1,170$927$350
21 years$2,133$1,705$1,351$1,062$830$295
22 years$2,015$1,592$1,245$966$744$249
23 years$1,907$1,489$1,150$880$668$210
24 years$1,808$1,395$1,063$802$600$178
25 years$1,717$1,309$985$733$540$150
26 years$1,633$1,230$913$670$486$127
27 years$1,556$1,158$848$613$439$107
28 years$1,484$1,091$788$562$396$91
29 years$1,418$1,029$734$515$357$77
30 years$1,356$972$683$473$323$65
31 years$1,298$919$637$434$292$55
32 years$1,244$869$594$399$264$47
33 years$1,193$823$555$367$239$39
34 years$1,145$780$519$338$216$33
35 years$1,100$740$485$311$196$28
36 years$1,058$702$454$286$178$24
37 years$1,018$667$425$264$161$20
38 years$980$634$398$243$146$17
39 years$944$603$372$224$132$15
40 years$911$574$349$207$120$12
41 years$878$546$327$191$109$10
42 years$848$520$307$176$99$9
43 years$819$495$288$163$90$8
44 years$791$472$270$150$81$6
45 years$765$450$254$139$74$5
46 years$740$430$239$128$67$5
47 years$716$410$224$118$61$4
48 years$693$391$211$109$55$3
49 years$671$374$198$101$50$3
50 years$650$357$186$93$46$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $666,000, adding $5,558 every year, while hoping to spend $49,974 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: 44/42/14 Blend
49$666,000$666,000$666,000$666,000
50$739,665$704,367$694,044$768,998
51$761,939$685,709$664,123$771,381
52$784,810$664,462$631,524$768,510
53$808,286$640,446$596,105$764,309
54$832,374$613,471$557,718$758,675
55$857,082$583,337$516,207$751,501
56$882,413$549,829$471,409$742,672
57$908,372$512,724$423,154$732,066
58$934,962$471,783$371,265$719,555
59$962,183$426,755$315,557$705,001
60$990,033$377,374$255,837$688,259
61$1,018,511$323,359$191,901$669,173
62$1,047,609$264,414$123,540$647,581
63$1,077,319$200,224$50,532$623,308
64$1,107,629$130,459$0$596,170
65$1,138,525$54,768$0$570,059
66$1,169,986$0$0$549,001
67$1,201,989$0$0$537,832
68$1,234,505$0$0$552,182
69$1,267,501$0$0$566,719
70$1,300,934$0$0$581,422
71$1,334,759$0$0$596,268
72$1,368,920$0$0$611,227
73$1,403,352$0$0$626,268
74$1,437,982$0$0$641,353
75$1,472,727$0$0$656,439
76$1,507,490$0$0$671,479
77$1,542,162$0$0$686,417
78$1,576,619$0$0$701,192
79$1,610,722$0$0$715,734
80$1,644,311$0$0$729,965
81$1,677,209$0$0$743,796
82$1,709,216$0$0$757,128
83$1,740,106$0$0$769,849
84$1,769,630$0$0$781,837
85$1,797,503$0$0$792,951
86$1,823,412$0$0$803,037
87$1,847,004$0$0$811,922
88$1,867,887$0$0$819,413
89$1,885,623$0$0$825,295
90$1,899,726$0$0$829,329
91$1,909,653$0$0$831,250
92$1,914,802$0$0$830,764
93$1,914,502$0$0$827,541
94$1,908,010$0$0$821,219
95$1,894,499$0$0$811,394
96$1,873,055$0$0$797,619
97$1,842,661$0$0$779,398
98$1,802,191$0$0$756,182
99$1,750,398$0$0$727,362
100$1,685,901$0$0$692,265