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%18.8%
1 years$55,411$54,917$54,435$53,965$53,506$51,608
2 years$27,431$26,920$26,425$25,945$25,479$23,587
3 years$18,106$17,593$17,099$16,623$16,165$14,338
4 years$13,444$12,932$12,443$11,976$11,529$9,782
5 years$10,648$10,139$9,657$9,199$8,764$7,101
6 years$8,784$8,279$7,804$7,356$6,935$5,357
7 years$7,453$6,953$6,485$6,048$5,640$4,147
8 years$6,456$5,960$5,500$5,074$4,679$3,269
9 years$5,680$5,189$4,737$4,322$3,940$2,613
10 years$5,060$4,574$4,130$3,725$3,357$2,109
11 years$4,554$4,072$3,636$3,242$2,887$1,716
12 years$4,131$3,655$3,227$2,844$2,502$1,406
13 years$3,774$3,303$2,883$2,511$2,182$1,157
14 years$3,469$3,002$2,590$2,229$1,913$956
15 years$3,204$2,743$2,339$1,988$1,684$792
16 years$2,973$2,516$2,120$1,780$1,488$658
17 years$2,769$2,317$1,929$1,599$1,320$548
18 years$2,588$2,141$1,761$1,441$1,173$457
19 years$2,426$1,985$1,612$1,302$1,046$382
20 years$2,281$1,844$1,480$1,179$934$320
21 years$2,149$1,718$1,361$1,070$836$268
22 years$2,030$1,604$1,254$973$749$224
23 years$1,921$1,500$1,158$886$673$188
24 years$1,821$1,405$1,071$808$605$158
25 years$1,730$1,319$992$738$544$133
26 years$1,646$1,239$920$675$490$111
27 years$1,568$1,166$854$618$442$94
28 years$1,496$1,099$794$566$399$79
29 years$1,428$1,037$739$519$360$66
30 years$1,366$979$689$476$325$56
31 years$1,307$926$642$438$294$47
32 years$1,253$876$599$402$266$39
33 years$1,202$829$559$370$241$33
34 years$1,154$786$522$340$218$28
35 years$1,108$746$488$313$197$23
36 years$1,066$708$457$288$179$20
37 years$1,025$672$428$266$162$17
38 years$987$639$401$245$147$14
39 years$951$607$375$226$133$12
40 years$917$578$352$208$121$10
41 years$885$550$330$192$110$8
42 years$854$524$309$177$100$7
43 years$825$499$290$164$90$6
44 years$797$476$273$151$82$5
45 years$771$454$256$140$74$4
46 years$745$433$240$129$68$4
47 years$721$413$226$119$61$3
48 years$698$394$212$110$56$2
49 years$676$377$199$102$51$2
50 years$655$360$187$94$46$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $671,000, adding $2,796 every year, while hoping to spend $50,050 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: 61/15/24 Blend
49$671,000$671,000$671,000$671,000
50$742,326$706,763$696,363$782,718
51$764,791$688,142$666,438$791,823
52$787,869$666,930$633,833$796,042
53$811,571$642,949$598,406$799,548
54$835,906$616,008$560,007$802,282
55$860,882$585,906$518,481$804,177
56$886,506$552,430$473,665$805,166
57$912,786$515,355$425,388$805,175
58$939,725$474,443$373,474$804,127
59$967,328$429,441$317,736$801,938
60$995,596$380,085$257,982$798,520
61$1,024,531$326,093$194,008$793,778
62$1,054,129$267,168$125,603$787,613
63$1,084,387$202,996$52,547$779,918
64$1,115,297$133,245$0$770,579
65$1,146,850$57,567$0$765,983
66$1,179,032$0$0$774,276
67$1,211,825$0$0$785,942
68$1,245,207$0$0$807,480
69$1,279,153$0$0$829,367
70$1,313,630$0$0$851,582
71$1,348,599$0$0$874,098
72$1,384,016$0$0$896,884
73$1,419,828$0$0$919,903
74$1,455,974$0$0$943,113
75$1,492,384$0$0$966,466
76$1,528,976$0$0$989,907
77$1,565,658$0$0$1,013,372
78$1,602,325$0$0$1,036,788
79$1,638,857$0$0$1,060,075
80$1,675,117$0$0$1,083,140
81$1,710,952$0$0$1,105,877
82$1,746,190$0$0$1,128,170
83$1,780,634$0$0$1,149,886
84$1,814,065$0$0$1,170,876
85$1,846,239$0$0$1,190,974
86$1,876,879$0$0$1,209,993
87$1,905,678$0$0$1,227,724
88$1,932,291$0$0$1,243,935
89$1,956,334$0$0$1,258,365
90$1,977,379$0$0$1,270,724
91$1,994,947$0$0$1,280,691
92$2,008,507$0$0$1,287,905
93$2,017,467$0$0$1,291,967
94$2,021,171$0$0$1,292,434
95$2,018,886$0$0$1,288,812
96$2,009,803$0$0$1,280,554
97$1,993,021$0$0$1,267,052
98$1,967,540$0$0$1,247,634
99$1,932,254$0$0$1,221,552
100$1,885,936$0$0$1,187,980