Can I retire at age 50 with 669,000?

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 $669,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$55,245$54,753$54,273$53,805$53,347$52,377
2 years$27,349$26,840$26,346$25,868$25,403$24,430
3 years$18,052$17,540$17,048$16,574$16,117$15,170
4 years$13,404$12,894$12,406$11,940$11,495$10,581
5 years$10,616$10,109$9,628$9,171$8,738$7,861
6 years$8,758$8,255$7,781$7,334$6,914$6,075
7 years$7,431$6,932$6,466$6,030$5,623$4,821
8 years$6,437$5,942$5,484$5,058$4,665$3,901
9 years$5,664$5,174$4,723$4,309$3,929$3,201
10 years$5,045$4,560$4,118$3,714$3,347$2,656
11 years$4,540$4,060$3,625$3,232$2,879$2,223
12 years$4,119$3,644$3,217$2,835$2,495$1,874
13 years$3,763$3,293$2,874$2,503$2,175$1,588
14 years$3,458$2,993$2,583$2,222$1,907$1,353
15 years$3,195$2,734$2,332$1,982$1,679$1,156
16 years$2,964$2,509$2,114$1,774$1,484$992
17 years$2,761$2,311$1,924$1,594$1,316$853
18 years$2,580$2,135$1,756$1,437$1,170$735
19 years$2,419$1,979$1,608$1,298$1,043$635
20 years$2,274$1,839$1,475$1,176$931$549
21 years$2,143$1,713$1,357$1,067$834$475
22 years$2,024$1,599$1,251$970$747$412
23 years$1,915$1,495$1,155$884$671$358
24 years$1,816$1,401$1,068$806$603$311
25 years$1,725$1,315$989$736$542$270
26 years$1,641$1,236$917$673$489$235
27 years$1,563$1,163$852$616$441$205
28 years$1,491$1,096$792$564$397$179
29 years$1,424$1,034$737$518$359$156
30 years$1,362$976$686$475$324$136
31 years$1,304$923$640$436$293$118
32 years$1,249$873$597$401$265$103
33 years$1,198$827$558$369$240$90
34 years$1,150$784$521$339$217$79
35 years$1,105$743$487$312$197$69
36 years$1,063$706$456$288$178$60
37 years$1,022$670$426$265$162$52
38 years$985$637$399$244$147$46
39 years$949$606$374$225$133$40
40 years$915$576$351$208$121$35
41 years$882$548$329$192$109$30
42 years$852$522$308$177$99$27
43 years$823$498$289$163$90$23
44 years$795$474$272$151$82$20
45 years$768$452$255$139$74$18
46 years$743$432$240$129$67$16
47 years$719$412$225$119$61$14
48 years$696$393$212$110$56$12
49 years$674$375$199$101$50$10
50 years$653$359$187$94$46$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $669,000, adding $3,619 every year, while hoping to spend $44,568 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: 47/39/14 Blend
49$669,000$669,000$669,000$669,000
50$740,971$705,514$695,144$772,724
51$769,130$692,664$671,012$782,230
52$798,668$677,691$644,577$787,685
53$829,677$660,443$615,716$792,624
54$862,260$640,761$584,298$797,017
55$896,528$618,475$550,189$800,830
56$932,599$593,406$513,246$804,033
57$970,606$565,365$473,322$806,595
58$1,010,690$534,150$430,260$808,484
59$1,053,007$499,550$383,900$809,671
60$1,097,725$461,339$334,073$810,129
61$1,145,031$419,282$280,601$809,829
62$1,195,124$373,128$223,302$808,747
63$1,248,226$322,610$161,982$806,862
64$1,304,577$267,450$96,441$804,155
65$1,364,441$207,352$26,468$800,609
66$1,428,105$142,003$0$796,217
67$1,495,883$71,073$0$798,173
68$1,568,122$0$0$803,966
69$1,645,199$0$0$812,165
70$1,727,527$0$0$853,547
71$1,815,559$0$0$897,845
72$1,909,794$0$0$945,314
73$2,010,775$0$0$996,235
74$2,119,101$0$0$1,050,917
75$2,235,428$0$0$1,109,698
76$2,360,476$0$0$1,172,949
77$2,495,035$0$0$1,241,079
78$2,639,974$0$0$1,314,536
79$2,796,246$0$0$1,393,812
80$2,964,898$0$0$1,479,448
81$3,147,080$0$0$1,572,037
82$3,344,058$0$0$1,672,234
83$3,557,220$0$0$1,780,756
84$3,788,096$0$0$1,898,393
85$4,038,363$0$0$2,026,013
86$4,309,871$0$0$2,164,570
87$4,604,649$0$0$2,315,116
88$4,924,933$0$0$2,478,804
89$5,273,179$0$0$2,656,907
90$5,652,093$0$0$2,850,822
91$6,064,649$0$0$3,062,087
92$6,514,122$0$0$3,292,397
93$7,004,113$0$0$3,543,615
94$7,538,588$0$0$3,817,792
95$8,121,911$0$0$4,117,186
96$8,758,886$0$0$4,444,282
97$9,454,802$0$0$4,801,818
98$10,215,480$0$0$5,192,805
99$11,047,331$0$0$5,620,560
100$11,957,411$0$0$6,088,736