Can I retire at age 50 with 668,000?

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 $668,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$55,163$54,671$54,192$53,724$53,267$51,275
2 years$27,308$26,800$26,307$25,829$25,365$23,381
3 years$18,025$17,514$17,022$16,549$16,093$14,179
4 years$13,384$12,875$12,388$11,923$11,478$9,649
5 years$10,600$10,094$9,613$9,158$8,725$6,986
6 years$8,745$8,242$7,769$7,323$6,904$5,256
7 years$7,420$6,922$6,456$6,021$5,615$4,057
8 years$6,427$5,933$5,475$5,051$4,658$3,189
9 years$5,655$5,166$4,716$4,302$3,923$2,541
10 years$5,038$4,554$4,111$3,709$3,342$2,045
11 years$4,533$4,054$3,620$3,228$2,874$1,658
12 years$4,113$3,639$3,212$2,831$2,491$1,353
13 years$3,758$3,288$2,870$2,499$2,172$1,110
14 years$3,453$2,989$2,579$2,219$1,904$914
15 years$3,190$2,730$2,328$1,979$1,677$755
16 years$2,959$2,505$2,111$1,772$1,482$625
17 years$2,756$2,307$1,921$1,592$1,314$519
18 years$2,576$2,132$1,753$1,435$1,168$431
19 years$2,415$1,976$1,605$1,296$1,041$359
20 years$2,270$1,836$1,473$1,174$930$299
21 years$2,139$1,710$1,355$1,065$832$249
22 years$2,021$1,596$1,249$969$746$208
23 years$1,912$1,493$1,153$882$670$174
24 years$1,813$1,399$1,066$805$602$145
25 years$1,722$1,313$988$735$542$122
26 years$1,638$1,234$916$672$488$102
27 years$1,561$1,161$851$615$440$85
28 years$1,489$1,094$791$564$397$71
29 years$1,422$1,032$736$517$358$60
30 years$1,360$975$685$474$324$50
31 years$1,302$922$639$436$293$42
32 years$1,247$872$596$400$265$35
33 years$1,196$826$557$368$240$29
34 years$1,148$783$520$339$217$25
35 years$1,103$742$486$312$197$21
36 years$1,061$705$455$287$178$17
37 years$1,021$669$426$265$161$14
38 years$983$636$399$244$146$12
39 years$947$605$374$225$133$10
40 years$913$575$350$207$120$9
41 years$881$548$328$191$109$7
42 years$850$522$308$177$99$6
43 years$821$497$289$163$90$5
44 years$794$474$271$151$82$4
45 years$767$452$255$139$74$4
46 years$742$431$239$128$67$3
47 years$718$411$225$119$61$2
48 years$695$393$211$110$55$2
49 years$673$375$199$101$50$2
50 years$652$358$187$94$46$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $668,000, adding $5,541 every year, while hoping to spend $37,424 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: 84/7/9 Blend
49$668,000$668,000$668,000$668,000
50$741,852$706,448$696,094$802,812
51$777,702$701,245$679,594$838,276
52$815,954$694,532$661,287$871,605
53$856,814$686,198$641,073$907,056
54$900,508$676,120$618,848$944,818
55$947,282$664,172$594,501$985,100
56$997,406$650,218$567,919$1,028,133
57$1,051,179$634,116$538,981$1,074,170
58$1,108,926$615,714$507,564$1,123,491
59$1,171,004$594,852$473,535$1,176,402
60$1,237,807$571,360$436,759$1,233,243
61$1,309,766$545,059$397,093$1,294,385
62$1,387,354$515,759$354,387$1,360,241
63$1,471,092$483,259$308,487$1,431,262
64$1,561,551$447,347$259,229$1,507,947
65$1,659,360$407,797$206,444$1,590,846
66$1,765,209$364,374$149,954$1,680,564
67$1,879,857$316,825$89,575$1,777,768
68$2,004,140$264,887$25,113$1,883,194
69$2,138,974$208,278$0$1,997,651
70$2,285,369$146,704$0$2,126,229
71$2,444,436$79,851$0$2,268,563
72$2,617,395$7,390$0$2,423,345
73$2,805,590$0$0$2,591,793
74$3,010,499$0$0$2,780,719
75$3,233,749$0$0$2,987,188
76$3,477,131$0$0$3,212,285
77$3,742,614$0$0$3,457,835
78$4,032,367$0$0$3,725,844
79$4,348,777$0$0$4,018,523
80$4,694,472$0$0$4,338,304
81$5,072,344$0$0$4,687,864
82$5,485,579$0$0$5,070,151
83$5,937,683$0$0$5,488,411
84$6,432,518$0$0$5,946,218
85$6,974,336$0$0$6,447,509
86$7,567,819$0$0$6,996,616
87$8,218,123$0$0$7,598,314
88$8,930,928$0$0$8,257,858
89$9,712,487$0$0$8,981,038
90$10,569,689$0$0$9,774,230
91$11,510,121$0$0$10,644,457
92$12,542,141$0$0$11,599,454
93$13,674,953$0$0$12,647,744
94$14,918,698$0$0$13,798,710
95$16,284,545$0$0$15,062,694
96$17,784,799$0$0$16,451,084
97$19,433,014$0$0$17,976,428
98$21,244,124$0$0$19,652,548
99$23,234,579$0$0$21,494,671
100$25,422,502$0$0$23,519,575