Can I retire at age 50 with 671,000?

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 $671,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$55,411$54,917$54,435$53,965$53,506$52,555
2 years$27,431$26,920$26,425$25,945$25,479$24,524
3 years$18,106$17,593$17,099$16,623$16,165$15,236
4 years$13,444$12,932$12,443$11,976$11,529$10,633
5 years$10,648$10,139$9,657$9,199$8,764$7,904
6 years$8,784$8,279$7,804$7,356$6,935$6,111
7 years$7,453$6,953$6,485$6,048$5,640$4,853
8 years$6,456$5,960$5,500$5,074$4,679$3,928
9 years$5,680$5,189$4,737$4,322$3,940$3,226
10 years$5,060$4,574$4,130$3,725$3,357$2,678
11 years$4,554$4,072$3,636$3,242$2,887$2,243
12 years$4,131$3,655$3,227$2,844$2,502$1,892
13 years$3,774$3,303$2,883$2,511$2,182$1,605
14 years$3,469$3,002$2,590$2,229$1,913$1,367
15 years$3,204$2,743$2,339$1,988$1,684$1,170
16 years$2,973$2,516$2,120$1,780$1,488$1,004
17 years$2,769$2,317$1,929$1,599$1,320$864
18 years$2,588$2,141$1,761$1,441$1,173$745
19 years$2,426$1,985$1,612$1,302$1,046$644
20 years$2,281$1,844$1,480$1,179$934$557
21 years$2,149$1,718$1,361$1,070$836$483
22 years$2,030$1,604$1,254$973$749$419
23 years$1,921$1,500$1,158$886$673$364
24 years$1,821$1,405$1,071$808$605$317
25 years$1,730$1,319$992$738$544$276
26 years$1,646$1,239$920$675$490$240
27 years$1,568$1,166$854$618$442$209
28 years$1,496$1,099$794$566$399$182
29 years$1,428$1,037$739$519$360$159
30 years$1,366$979$689$476$325$139
31 years$1,307$926$642$438$294$121
32 years$1,253$876$599$402$266$106
33 years$1,202$829$559$370$241$92
34 years$1,154$786$522$340$218$81
35 years$1,108$746$488$313$197$71
36 years$1,066$708$457$288$179$62
37 years$1,025$672$428$266$162$54
38 years$987$639$401$245$147$47
39 years$951$607$375$226$133$41
40 years$917$578$352$208$121$36
41 years$885$550$330$192$110$31
42 years$854$524$309$177$100$28
43 years$825$499$290$164$90$24
44 years$797$476$273$151$82$21
45 years$771$454$256$140$74$18
46 years$745$433$240$129$68$16
47 years$721$413$226$119$61$14
48 years$698$394$212$110$56$12
49 years$676$377$199$102$51$11
50 years$655$360$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 $671,000, adding $3,702 every year, while hoping to spend $31,525 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: 51/44/5 Blend
49$671,000$671,000$671,000$671,000
50$743,261$707,698$697,297$780,118
51$785,531$708,832$687,114$806,684
52$831,056$708,966$675,534$831,813
53$880,135$708,017$662,475$858,365
54$933,096$705,897$647,855$886,480
55$990,299$702,513$631,586$916,314
56$1,052,141$697,767$613,575$948,040
57$1,119,056$691,555$593,727$981,848
58$1,191,525$683,766$571,942$1,017,951
59$1,270,072$674,283$548,114$1,056,587
60$1,355,278$662,981$522,133$1,098,017
61$1,447,777$649,728$493,886$1,142,532
62$1,548,271$634,385$463,252$1,190,455
63$1,657,528$616,804$430,105$1,242,144
64$1,776,397$596,828$394,314$1,297,997
65$1,905,810$574,293$355,744$1,358,454
66$2,046,791$549,022$314,250$1,424,003
67$2,200,470$520,830$269,684$1,495,185
68$2,368,089$489,522$221,889$1,572,600
69$2,551,015$454,889$170,703$1,656,913
70$2,750,753$416,713$115,956$1,748,859
71$2,968,960$374,762$57,470$1,849,253
72$3,207,458$328,790$0$1,958,999
73$3,468,258$278,539$0$2,079,358
74$3,753,568$223,736$0$2,214,462
75$4,065,824$164,091$0$2,362,477
76$4,407,705$99,299$0$2,524,768
77$4,782,165$29,038$0$2,702,846
78$5,192,452$0$0$2,898,381
79$5,642,149$0$0$3,135,991
80$6,135,196$0$0$3,411,990
81$6,675,936$0$0$3,714,760
82$7,269,154$0$0$4,046,986
83$7,920,115$0$0$4,411,630
84$8,634,625$0$0$4,811,950
85$9,419,074$0$0$5,251,538
86$10,280,504$0$0$5,734,351
87$11,226,672$0$0$6,264,746
88$12,266,122$0$0$6,847,524
89$13,408,267$0$0$7,487,974
90$14,663,477$0$0$8,191,924
91$16,043,177$0$0$8,965,792
92$17,559,953$0$0$9,816,650
93$19,227,672$0$0$10,752,291
94$21,061,612$0$0$11,781,300
95$23,078,604$0$0$12,913,133
96$25,297,193$0$0$14,158,214
97$27,737,813$0$0$15,528,022
98$30,422,975$0$0$17,035,210
99$33,377,485$0$0$18,693,716
100$36,628,673$0$0$20,518,898