Can I retire at age 50 with 666,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11.2%
1 years$54,998$54,508$54,030$53,563$53,108$52,840
2 years$27,227$26,719$26,228$25,752$25,289$25,019
3 years$17,971$17,461$16,971$16,499$16,045$15,780
4 years$13,344$12,836$12,351$11,887$11,443$11,186
5 years$10,568$10,064$9,585$9,130$8,699$8,451
6 years$8,719$8,218$7,746$7,302$6,883$6,644
7 years$7,398$6,901$6,437$6,003$5,598$5,368
8 years$6,408$5,916$5,459$5,036$4,644$4,423
9 years$5,638$5,151$4,702$4,289$3,911$3,699
10 years$5,023$4,540$4,099$3,697$3,332$3,130
11 years$4,520$4,042$3,609$3,218$2,866$2,672
12 years$4,101$3,628$3,203$2,823$2,483$2,298
13 years$3,746$3,278$2,861$2,492$2,166$1,989
14 years$3,443$2,980$2,571$2,212$1,898$1,730
15 years$3,180$2,722$2,321$1,973$1,672$1,511
16 years$2,951$2,498$2,105$1,766$1,477$1,325
17 years$2,748$2,300$1,915$1,587$1,310$1,165
18 years$2,569$2,125$1,748$1,430$1,165$1,028
19 years$2,408$1,970$1,600$1,292$1,038$908
20 years$2,264$1,830$1,469$1,170$927$804
21 years$2,133$1,705$1,351$1,062$830$714
22 years$2,015$1,592$1,245$966$744$634
23 years$1,907$1,489$1,150$880$668$564
24 years$1,808$1,395$1,063$802$600$502
25 years$1,717$1,309$985$733$540$448
26 years$1,633$1,230$913$670$486$400
27 years$1,556$1,158$848$613$439$357
28 years$1,484$1,091$788$562$396$319
29 years$1,418$1,029$734$515$357$285
30 years$1,356$972$683$473$323$255
31 years$1,298$919$637$434$292$229
32 years$1,244$869$594$399$264$205
33 years$1,193$823$555$367$239$184
34 years$1,145$780$519$338$216$165
35 years$1,100$740$485$311$196$148
36 years$1,058$702$454$286$178$132
37 years$1,018$667$425$264$161$119
38 years$980$634$398$243$146$107
39 years$944$603$372$224$132$96
40 years$911$574$349$207$120$86
41 years$878$546$327$191$109$77
42 years$848$520$307$176$99$69
43 years$819$495$288$163$90$62
44 years$791$472$270$150$81$56
45 years$765$450$254$139$74$50
46 years$740$430$239$128$67$45
47 years$716$410$224$118$61$41
48 years$693$391$211$109$55$36
49 years$671$374$198$101$50$33
50 years$650$357$186$93$46$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $666,000, adding $4,210 every year, while hoping to spend $53,280 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: 55/22/23 Blend
49$666,000$666,000$666,000$666,000
50$738,275$702,977$692,654$774,025
51$756,889$680,733$659,168$776,766
52$775,617$655,614$622,775$773,802
53$794,412$627,422$583,321$769,447
54$813,225$595,948$540,645$763,583
55$831,997$560,972$494,579$756,085
56$850,662$522,261$444,949$746,818
57$869,146$479,568$391,571$735,635
58$887,364$432,632$334,254$722,381
59$905,222$381,178$272,798$706,887
60$922,612$324,914$206,994$688,972
61$939,416$263,532$136,626$668,440
62$955,498$196,707$61,465$645,081
63$970,710$124,096$0$618,669
64$984,882$45,336$0$593,560
65$997,827$0$0$581,287
66$1,009,335$0$0$576,201
67$1,019,175$0$0$581,045
68$1,027,084$0$0$584,683
69$1,032,775$0$0$586,941
70$1,035,926$0$0$587,621
71$1,036,179$0$0$586,507
72$1,033,138$0$0$583,355
73$1,026,361$0$0$577,899
74$1,015,360$0$0$569,840
75$999,593$0$0$558,848
76$978,458$0$0$544,557
77$951,291$0$0$526,564
78$917,352$0$0$504,418
79$875,827$0$0$477,624
80$825,810$0$0$445,633
81$766,302$0$0$407,836
82$696,196$0$0$363,561
83$614,269$0$0$312,066
84$519,168$0$0$252,527
85$409,397$0$0$184,038
86$283,304$0$0$105,594
87$139,062$0$0$16,086
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0