Can I retire at age 50 with 667,000?

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 $667,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$55,080$54,590$54,111$53,644$53,188$52,963
2 years$27,267$26,760$26,267$25,790$25,327$25,101
3 years$17,998$17,488$16,997$16,524$16,069$15,847
4 years$13,364$12,855$12,369$11,905$11,460$11,246
5 years$10,584$10,079$9,599$9,144$8,712$8,504
6 years$8,732$8,230$7,757$7,312$6,893$6,693
7 years$7,409$6,912$6,447$6,012$5,606$5,414
8 years$6,417$5,924$5,467$5,043$4,651$4,466
9 years$5,647$5,158$4,709$4,296$3,917$3,739
10 years$5,030$4,547$4,105$3,703$3,337$3,167
11 years$4,526$4,048$3,614$3,223$2,870$2,708
12 years$4,107$3,633$3,208$2,827$2,487$2,332
13 years$3,752$3,283$2,866$2,496$2,169$2,021
14 years$3,448$2,984$2,575$2,215$1,901$1,760
15 years$3,185$2,726$2,325$1,976$1,674$1,539
16 years$2,955$2,501$2,108$1,769$1,479$1,351
17 years$2,752$2,304$1,918$1,589$1,312$1,190
18 years$2,572$2,129$1,751$1,432$1,166$1,051
19 years$2,412$1,973$1,603$1,294$1,040$930
20 years$2,267$1,833$1,471$1,172$929$825
21 years$2,136$1,708$1,353$1,064$831$733
22 years$2,018$1,594$1,247$967$745$652
23 years$1,910$1,491$1,151$881$669$581
24 years$1,811$1,397$1,065$803$601$518
25 years$1,720$1,311$986$734$541$463
26 years$1,636$1,232$915$671$487$414
27 years$1,558$1,159$849$614$439$370
28 years$1,487$1,093$790$563$396$331
29 years$1,420$1,031$735$516$358$297
30 years$1,358$973$684$474$323$266
31 years$1,300$920$638$435$292$239
32 years$1,245$871$595$400$264$214
33 years$1,194$824$556$368$239$192
34 years$1,147$781$519$338$217$173
35 years$1,102$741$486$311$196$155
36 years$1,059$703$454$287$178$139
37 years$1,019$668$425$264$161$125
38 years$982$635$398$243$146$113
39 years$946$604$373$225$132$101
40 years$912$574$350$207$120$91
41 years$880$547$328$191$109$82
42 years$849$521$308$176$99$74
43 years$820$496$289$163$90$66
44 years$792$473$271$150$81$60
45 years$766$451$254$139$74$54
46 years$741$430$239$128$67$48
47 years$717$411$224$118$61$43
48 years$694$392$211$109$55$39
49 years$672$374$198$101$50$35
50 years$651$358$186$93$46$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $667,000, adding $3,844 every year, while hoping to spend $27,935 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: 61/24/15 Blend
49$667,000$667,000$667,000$667,000
50$738,999$703,648$693,310$781,087
51$784,654$708,404$686,813$814,630
52$834,030$712,457$679,162$847,729
53$887,477$715,743$670,289$883,185
54$945,378$718,193$660,123$921,228
55$1,008,159$719,737$648,589$962,111
56$1,076,283$720,295$635,609$1,006,118
57$1,150,262$719,788$621,100$1,053,557
58$1,230,659$718,129$604,977$1,104,774
59$1,318,094$715,224$587,151$1,160,146
60$1,413,247$710,978$567,528$1,220,094
61$1,516,868$705,285$546,010$1,285,079
62$1,629,781$698,037$522,495$1,355,612
63$1,752,895$689,117$496,874$1,432,258
64$1,887,208$678,402$469,037$1,515,640
65$2,033,820$665,760$438,867$1,606,446
66$2,193,941$651,053$406,240$1,705,436
67$2,368,903$634,135$371,029$1,813,450
68$2,560,173$614,850$333,101$1,931,412
69$2,769,367$593,034$292,316$2,060,347
70$2,998,263$568,513$248,529$2,201,382
71$3,248,818$541,102$201,587$2,355,766
72$3,523,189$510,608$151,331$2,524,873
73$3,823,749$476,823$97,597$2,710,222
74$4,153,115$439,530$40,209$2,913,489
75$4,514,165$398,500$0$3,136,524
76$4,910,072$353,488$0$3,384,736
77$5,344,328$304,238$0$3,664,098
78$5,820,781$250,477$0$3,970,685
79$6,343,669$191,919$0$4,307,274
80$6,917,661$128,261$0$4,676,927
81$7,547,898$59,181$0$5,083,018
82$8,240,046$0$0$5,529,272
83$9,000,344$0$0$6,023,927
84$9,835,666$0$0$6,584,620
85$10,753,586$0$0$7,200,810
86$11,762,446$0$0$7,878,105
87$12,871,438$0$0$8,622,683
88$14,090,687$0$0$9,441,349
89$15,431,351$0$0$10,341,603
90$16,905,719$0$0$11,331,706
91$18,527,335$0$0$12,420,760
92$20,311,118$0$0$13,618,794
93$22,273,508$0$0$14,936,857
94$24,432,618$0$0$16,387,125
95$26,808,404$0$0$17,983,011
96$29,422,855$0$0$19,739,296
97$32,300,200$0$0$21,672,266
98$35,467,135$0$0$23,799,865
99$38,953,075$0$0$26,141,865
100$42,790,433$0$0$28,720,054