Can I retire at age 50 with 671,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11.4%
1 years$55,411$54,917$54,435$53,965$53,506$53,192
2 years$27,431$26,920$26,425$25,945$25,479$25,162
3 years$18,106$17,593$17,099$16,623$16,165$15,854
4 years$13,444$12,932$12,443$11,976$11,529$11,228
5 years$10,648$10,139$9,657$9,199$8,764$8,473
6 years$8,784$8,279$7,804$7,356$6,935$6,655
7 years$7,453$6,953$6,485$6,048$5,640$5,371
8 years$6,456$5,960$5,500$5,074$4,679$4,420
9 years$5,680$5,189$4,737$4,322$3,940$3,692
10 years$5,060$4,574$4,130$3,725$3,357$3,120
11 years$4,554$4,072$3,636$3,242$2,887$2,661
12 years$4,131$3,655$3,227$2,844$2,502$2,286
13 years$3,774$3,303$2,883$2,511$2,182$1,976
14 years$3,469$3,002$2,590$2,229$1,913$1,716
15 years$3,204$2,743$2,339$1,988$1,684$1,497
16 years$2,973$2,516$2,120$1,780$1,488$1,311
17 years$2,769$2,317$1,929$1,599$1,320$1,151
18 years$2,588$2,141$1,761$1,441$1,173$1,014
19 years$2,426$1,985$1,612$1,302$1,046$895
20 years$2,281$1,844$1,480$1,179$934$791
21 years$2,149$1,718$1,361$1,070$836$701
22 years$2,030$1,604$1,254$973$749$622
23 years$1,921$1,500$1,158$886$673$552
24 years$1,821$1,405$1,071$808$605$491
25 years$1,730$1,319$992$738$544$437
26 years$1,646$1,239$920$675$490$390
27 years$1,568$1,166$854$618$442$348
28 years$1,496$1,099$794$566$399$310
29 years$1,428$1,037$739$519$360$277
30 years$1,366$979$689$476$325$247
31 years$1,307$926$642$438$294$221
32 years$1,253$876$599$402$266$198
33 years$1,202$829$559$370$241$177
34 years$1,154$786$522$340$218$158
35 years$1,108$746$488$313$197$142
36 years$1,066$708$457$288$179$127
37 years$1,025$672$428$266$162$114
38 years$987$639$401$245$147$102
39 years$951$607$375$226$133$91
40 years$917$578$352$208$121$82
41 years$885$550$330$192$110$73
42 years$854$524$309$177$100$66
43 years$825$499$290$164$90$59
44 years$797$476$273$151$82$53
45 years$771$454$256$140$74$47
46 years$745$433$240$129$68$43
47 years$721$413$226$119$61$38
48 years$698$394$212$110$56$34
49 years$676$377$199$102$51$31
50 years$655$360$187$94$46$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $671,000, adding $5,063 every year, while hoping to spend $34,078 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: 55/15/30 Blend
49$671,000$671,000$671,000$671,000
50$744,664$709,101$698,701$779,167
51$784,362$707,589$685,849$802,053
52$826,966$704,860$671,424$823,057
53$872,737$700,819$655,337$845,263
54$921,962$695,365$637,497$868,798
55$974,954$688,390$617,805$893,806
56$1,032,059$679,780$596,161$920,446
57$1,093,654$669,415$572,458$948,897
58$1,160,157$657,166$546,585$979,356
59$1,232,024$642,898$518,426$1,012,043
60$1,309,757$626,467$487,861$1,047,202
61$1,393,909$607,720$454,761$1,085,106
62$1,485,087$586,498$418,995$1,126,055
63$1,583,959$562,630$380,424$1,170,385
64$1,691,259$535,935$338,904$1,218,467
65$1,807,794$506,222$294,284$1,270,715
66$1,934,452$473,290$246,406$1,327,586
67$2,072,211$436,926$195,106$1,389,587
68$2,222,145$396,904$140,210$1,457,283
69$2,385,438$352,986$81,541$1,531,296
70$2,563,390$304,920$18,910$1,612,317
71$2,757,435$252,440$0$1,701,114
72$2,969,148$195,264$0$1,813,875
73$3,200,265$133,097$0$1,943,654
74$3,452,697$65,623$0$2,085,502
75$3,728,546$0$0$2,240,638
76$4,030,127$0$0$2,411,648
77$4,359,989$0$0$2,610,601
78$4,720,939$0$0$2,828,365
79$5,116,068$0$0$3,066,813
80$5,548,777$0$0$3,328,006
81$6,022,816$0$0$3,614,215
82$6,542,310$0$0$3,927,940
83$7,111,806$0$0$4,271,934
84$7,736,309$0$0$4,649,232
85$8,421,332$0$0$5,063,172
86$9,172,950$0$0$5,517,436
87$9,997,851$0$0$6,016,077
88$10,903,403$0$0$6,563,558
89$11,897,723$0$0$7,164,798
90$12,989,753$0$0$7,825,215
91$14,189,341$0$0$8,550,778
92$15,507,338$0$0$9,348,060
93$16,955,698$0$0$10,224,306
94$18,547,588$0$0$11,187,496
95$20,297,517$0$0$12,246,421
96$22,221,468$0$0$13,410,767
97$24,337,051$0$0$14,691,205
98$26,663,666$0$0$16,099,493
99$29,222,690$0$0$17,648,584
100$32,037,673$0$0$19,352,752