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%13.9%
1 years$55,163$54,671$54,192$53,724$53,267$52,406
2 years$27,308$26,800$26,307$25,829$25,365$24,500
3 years$18,025$17,514$17,022$16,549$16,093$15,251
4 years$13,384$12,875$12,388$11,923$11,478$10,665
5 years$10,600$10,094$9,613$9,158$8,725$7,944
6 years$8,745$8,242$7,769$7,323$6,904$6,155
7 years$7,420$6,922$6,456$6,021$5,615$4,899
8 years$6,427$5,933$5,475$5,051$4,658$3,975
9 years$5,655$5,166$4,716$4,302$3,923$3,272
10 years$5,038$4,554$4,111$3,709$3,342$2,723
11 years$4,533$4,054$3,620$3,228$2,874$2,287
12 years$4,113$3,639$3,212$2,831$2,491$1,934
13 years$3,758$3,288$2,870$2,499$2,172$1,644
14 years$3,453$2,989$2,579$2,219$1,904$1,405
15 years$3,190$2,730$2,328$1,979$1,677$1,205
16 years$2,959$2,505$2,111$1,772$1,482$1,037
17 years$2,756$2,307$1,921$1,592$1,314$895
18 years$2,576$2,132$1,753$1,435$1,168$774
19 years$2,415$1,976$1,605$1,296$1,041$671
20 years$2,270$1,836$1,473$1,174$930$583
21 years$2,139$1,710$1,355$1,065$832$507
22 years$2,021$1,596$1,249$969$746$441
23 years$1,912$1,493$1,153$882$670$384
24 years$1,813$1,399$1,066$805$602$335
25 years$1,722$1,313$988$735$542$293
26 years$1,638$1,234$916$672$488$256
27 years$1,561$1,161$851$615$440$224
28 years$1,489$1,094$791$564$397$196
29 years$1,422$1,032$736$517$358$171
30 years$1,360$975$685$474$324$150
31 years$1,302$922$639$436$293$131
32 years$1,247$872$596$400$265$115
33 years$1,196$826$557$368$240$101
34 years$1,148$783$520$339$217$88
35 years$1,103$742$486$312$197$77
36 years$1,061$705$455$287$178$68
37 years$1,021$669$426$265$161$60
38 years$983$636$399$244$146$52
39 years$947$605$374$225$133$46
40 years$913$575$350$207$120$40
41 years$881$548$328$191$109$35
42 years$850$522$308$177$99$31
43 years$821$497$289$163$90$27
44 years$794$474$271$151$82$24
45 years$767$452$255$139$74$21
46 years$742$431$239$128$67$18
47 years$718$411$225$119$61$16
48 years$695$393$211$110$55$14
49 years$673$375$199$101$50$12
50 years$652$358$187$94$46$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $668,000, adding $6,655 every year, while hoping to spend $51,822 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: 52/22/26 Blend
49$668,000$668,000$668,000$668,000
50$743,001$707,597$697,243$775,926
51$763,648$687,131$665,462$778,993
52$784,666$663,925$630,880$776,514
53$806,035$637,791$593,348$772,773
54$827,736$608,528$552,710$767,670
55$849,744$575,925$508,805$761,098
56$872,031$539,758$461,463$752,944
57$894,563$499,791$410,507$743,086
58$917,301$455,773$355,752$731,396
59$940,200$407,441$297,004$717,735
60$963,209$354,514$234,062$701,954
61$986,269$296,698$166,716$683,895
62$1,009,313$233,680$94,745$663,389
63$1,032,264$165,132$17,920$640,255
64$1,055,036$90,705$0$614,299
65$1,077,532$10,031$0$603,085
66$1,099,640$0$0$595,080
67$1,121,239$0$0$603,847
68$1,142,187$0$0$614,633
69$1,162,330$0$0$624,920
70$1,181,492$0$0$634,604
71$1,199,477$0$0$643,574
72$1,216,068$0$0$651,702
73$1,231,019$0$0$658,847
74$1,244,059$0$0$664,852
75$1,254,884$0$0$669,542
76$1,263,158$0$0$672,722
77$1,268,504$0$0$674,176
78$1,270,505$0$0$673,662
79$1,268,698$0$0$670,913
80$1,262,568$0$0$665,632
81$1,251,542$0$0$657,492
82$1,234,988$0$0$646,125
83$1,212,203$0$0$631,129
84$1,182,409$0$0$612,055
85$1,144,741$0$0$588,406
86$1,098,246$0$0$559,634
87$1,041,866$0$0$525,131
88$974,431$0$0$484,223
89$894,646$0$0$436,166
90$801,078$0$0$380,138
91$692,144$0$0$315,229
92$566,094$0$0$240,434
93$420,993$0$0$154,640
94$254,701$0$0$56,620
95$64,857$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