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%12.2%
1 years$54,998$54,508$54,030$53,563$53,108$52,619
2 years$27,227$26,719$26,228$25,752$25,289$24,797
3 years$17,971$17,461$16,971$16,499$16,045$15,564
4 years$13,344$12,836$12,351$11,887$11,443$10,977
5 years$10,568$10,064$9,585$9,130$8,699$8,250
6 years$8,719$8,218$7,746$7,302$6,883$6,451
7 years$7,398$6,901$6,437$6,003$5,598$5,183
8 years$6,408$5,916$5,459$5,036$4,644$4,247
9 years$5,638$5,151$4,702$4,289$3,911$3,531
10 years$5,023$4,540$4,099$3,697$3,332$2,970
11 years$4,520$4,042$3,609$3,218$2,866$2,520
12 years$4,101$3,628$3,203$2,823$2,483$2,154
13 years$3,746$3,278$2,861$2,492$2,166$1,852
14 years$3,443$2,980$2,571$2,212$1,898$1,601
15 years$3,180$2,722$2,321$1,973$1,672$1,389
16 years$2,951$2,498$2,105$1,766$1,477$1,209
17 years$2,748$2,300$1,915$1,587$1,310$1,056
18 years$2,569$2,125$1,748$1,430$1,165$925
19 years$2,408$1,970$1,600$1,292$1,038$812
20 years$2,264$1,830$1,469$1,170$927$714
21 years$2,133$1,705$1,351$1,062$830$628
22 years$2,015$1,592$1,245$966$744$554
23 years$1,907$1,489$1,150$880$668$489
24 years$1,808$1,395$1,063$802$600$433
25 years$1,717$1,309$985$733$540$383
26 years$1,633$1,230$913$670$486$339
27 years$1,556$1,158$848$613$439$300
28 years$1,484$1,091$788$562$396$266
29 years$1,418$1,029$734$515$357$236
30 years$1,356$972$683$473$323$210
31 years$1,298$919$637$434$292$186
32 years$1,244$869$594$399$264$165
33 years$1,193$823$555$367$239$147
34 years$1,145$780$519$338$216$131
35 years$1,100$740$485$311$196$116
36 years$1,058$702$454$286$178$103
37 years$1,018$667$425$264$161$92
38 years$980$634$398$243$146$82
39 years$944$603$372$224$132$73
40 years$911$574$349$207$120$65
41 years$878$546$327$191$109$58
42 years$848$520$307$176$99$51
43 years$819$495$288$163$90$46
44 years$791$472$270$150$81$41
45 years$765$450$254$139$74$36
46 years$740$430$239$128$67$32
47 years$716$410$224$118$61$29
48 years$693$391$211$109$55$26
49 years$671$374$198$101$50$23
50 years$650$357$186$93$46$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $666,000, adding $2,589 every year, while hoping to spend $28,884 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: 57/36/7 Blend
49$666,000$666,000$666,000$666,000
50$736,603$701,305$690,982$777,311
51$781,004$704,936$683,397$808,633
52$828,966$707,778$674,590$839,271
53$880,821$709,760$664,490$871,940
54$936,936$710,809$653,022$906,835
55$997,712$710,847$640,106$944,174
56$1,063,591$709,791$625,663$984,197
57$1,135,060$707,553$609,604$1,027,170
58$1,212,652$704,039$591,842$1,073,388
59$1,296,955$699,151$572,282$1,123,176
60$1,388,618$692,782$550,826$1,176,892
61$1,488,349$684,821$527,372$1,234,934
62$1,596,934$675,150$501,812$1,297,742
63$1,715,232$663,643$474,033$1,365,802
64$1,844,192$650,168$443,920$1,439,649
65$1,984,858$634,584$411,349$1,519,878
66$2,138,377$616,742$376,193$1,607,145
67$2,306,013$596,484$338,317$1,702,174
68$2,489,158$573,644$297,582$1,805,767
69$2,689,344$548,044$253,843$1,918,808
70$2,908,257$519,498$206,947$2,042,275
71$3,147,753$487,808$156,734$2,177,249
72$3,409,879$452,765$103,039$2,324,923
73$3,696,884$414,149$45,689$2,486,616
74$4,011,249$371,725$0$2,663,783
75$4,355,704$325,246$0$2,859,192
76$4,733,255$274,452$0$3,077,176
77$5,147,214$219,068$0$3,316,297
78$5,601,228$158,801$0$3,578,735
79$6,099,316$93,344$0$3,866,898
80$6,645,902$22,374$0$4,183,442
81$7,245,859$0$0$4,531,300
82$7,904,558$0$0$4,935,279
83$8,627,912$0$0$5,388,705
84$9,422,437$0$0$5,886,807
85$10,295,309$0$0$6,434,091
86$11,254,435$0$0$7,035,523
87$12,308,526$0$0$7,696,574
88$13,467,177$0$0$8,423,270
89$14,740,961$0$0$9,222,250
90$16,141,525$0$0$10,100,831
91$17,681,702$0$0$11,067,071
92$19,375,629$0$0$12,129,850
93$21,238,885$0$0$13,298,951
94$23,288,631$0$0$14,585,155
95$25,543,778$0$0$16,000,336
96$28,025,161$0$0$17,557,583
97$30,755,736$0$0$19,271,313
98$33,760,798$0$0$21,157,413
99$37,068,218$0$0$23,233,390
100$40,708,704$0$0$25,518,530