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%14.7%
1 years$55,245$54,753$54,273$53,805$53,347$52,313
2 years$27,349$26,840$26,346$25,868$25,403$24,365
3 years$18,052$17,540$17,048$16,574$16,117$15,108
4 years$13,404$12,894$12,406$11,940$11,495$10,522
5 years$10,616$10,109$9,628$9,171$8,738$7,805
6 years$8,758$8,255$7,781$7,334$6,914$6,021
7 years$7,431$6,932$6,466$6,030$5,623$4,771
8 years$6,437$5,942$5,484$5,058$4,665$3,853
9 years$5,664$5,174$4,723$4,309$3,929$3,157
10 years$5,045$4,560$4,118$3,714$3,347$2,615
11 years$4,540$4,060$3,625$3,232$2,879$2,184
12 years$4,119$3,644$3,217$2,835$2,495$1,837
13 years$3,763$3,293$2,874$2,503$2,175$1,554
14 years$3,458$2,993$2,583$2,222$1,907$1,321
15 years$3,195$2,734$2,332$1,982$1,679$1,127
16 years$2,964$2,509$2,114$1,774$1,484$964
17 years$2,761$2,311$1,924$1,594$1,316$827
18 years$2,580$2,135$1,756$1,437$1,170$712
19 years$2,419$1,979$1,608$1,298$1,043$613
20 years$2,274$1,839$1,475$1,176$931$529
21 years$2,143$1,713$1,357$1,067$834$457
22 years$2,024$1,599$1,251$970$747$396
23 years$1,915$1,495$1,155$884$671$343
24 years$1,816$1,401$1,068$806$603$297
25 years$1,725$1,315$989$736$542$258
26 years$1,641$1,236$917$673$489$224
27 years$1,563$1,163$852$616$441$194
28 years$1,491$1,096$792$564$397$169
29 years$1,424$1,034$737$518$359$147
30 years$1,362$976$686$475$324$128
31 years$1,304$923$640$436$293$111
32 years$1,249$873$597$401$265$97
33 years$1,198$827$558$369$240$84
34 years$1,150$784$521$339$217$73
35 years$1,105$743$487$312$197$64
36 years$1,063$706$456$288$178$56
37 years$1,022$670$426$265$162$48
38 years$985$637$399$244$147$42
39 years$949$606$374$225$133$37
40 years$915$576$351$208$121$32
41 years$882$548$329$192$109$28
42 years$852$522$308$177$99$24
43 years$823$498$289$163$90$21
44 years$795$474$272$151$82$18
45 years$768$452$255$139$74$16
46 years$743$432$240$129$67$14
47 years$719$412$225$119$61$12
48 years$696$393$212$110$56$11
49 years$674$375$199$101$50$9
50 years$653$359$187$94$46$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $669,000, adding $3,054 every year, while hoping to spend $47,948 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: 60/25/15 Blend
49$669,000$669,000$669,000$669,000
50$740,388$704,931$694,562$781,840
51$764,891$688,457$666,813$793,670
52$790,287$669,568$636,528$800,939
53$816,615$648,095$603,571$807,737
54$843,919$623,861$567,800$814,024
55$872,245$596,676$529,067$819,757
56$901,640$566,339$487,216$824,893
57$932,157$532,640$442,088$829,384
58$963,851$495,353$393,512$833,183
59$996,781$454,243$341,312$836,239
60$1,031,010$409,058$285,303$838,501
61$1,066,607$359,535$225,294$839,914
62$1,103,642$305,395$161,084$840,421
63$1,142,196$246,340$92,462$839,965
64$1,182,350$182,061$19,209$838,485
65$1,224,194$112,227$0$835,918
66$1,267,826$36,491$0$841,638
67$1,313,350$0$0$850,036
68$1,360,877$0$0$870,528
69$1,410,530$0$0$902,436
70$1,462,438$0$0$935,806
71$1,516,745$0$0$970,732
72$1,573,602$0$0$1,007,314
73$1,633,177$0$0$1,045,661
74$1,695,649$0$0$1,085,890
75$1,761,213$0$0$1,128,130
76$1,830,083$0$0$1,172,520
77$1,902,487$0$0$1,219,212
78$1,978,678$0$0$1,268,370
79$2,058,927$0$0$1,320,173
80$2,143,532$0$0$1,374,816
81$2,232,816$0$0$1,432,512
82$2,327,133$0$0$1,493,494
83$2,426,867$0$0$1,558,014
84$2,532,439$0$0$1,626,349
85$2,644,306$0$0$1,698,801
86$2,762,972$0$0$1,775,700
87$2,888,982$0$0$1,857,406
88$3,022,938$0$0$1,944,315
89$3,165,495$0$0$2,036,858
90$3,317,371$0$0$2,135,509
91$3,479,351$0$0$2,240,785
92$3,652,296$0$0$2,353,254
93$3,837,151$0$0$2,473,539
94$4,034,949$0$0$2,602,320
95$4,246,825$0$0$2,740,346
96$4,474,021$0$0$2,888,437
97$4,717,903$0$0$3,047,493
98$4,979,969$0$0$3,218,504
99$5,261,861$0$0$3,402,552
100$5,565,385$0$0$3,600,830