Can I retire at age 50 with 672,000?

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 $672,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$55,493$54,999$54,517$54,046$53,586$52,590
2 years$27,472$26,960$26,464$25,984$25,517$24,518
3 years$18,133$17,619$17,124$16,648$16,189$15,217
4 years$13,464$12,952$12,462$11,994$11,546$10,609
5 years$10,663$10,154$9,671$9,212$8,777$7,878
6 years$8,797$8,292$7,816$7,367$6,945$6,084
7 years$7,464$6,963$6,495$6,057$5,648$4,826
8 years$6,465$5,969$5,508$5,081$4,686$3,902
9 years$5,689$5,197$4,744$4,328$3,946$3,201
10 years$5,068$4,581$4,136$3,731$3,362$2,654
11 years$4,560$4,078$3,641$3,247$2,892$2,220
12 years$4,138$3,660$3,232$2,848$2,506$1,870
13 years$3,780$3,308$2,887$2,514$2,185$1,584
14 years$3,474$3,007$2,594$2,232$1,916$1,348
15 years$3,209$2,747$2,342$1,990$1,687$1,152
16 years$2,977$2,520$2,124$1,782$1,491$987
17 years$2,773$2,321$1,932$1,601$1,322$848
18 years$2,592$2,145$1,764$1,443$1,175$730
19 years$2,430$1,988$1,615$1,304$1,047$630
20 years$2,284$1,847$1,482$1,181$936$545
21 years$2,152$1,720$1,363$1,072$837$471
22 years$2,033$1,606$1,256$975$750$409
23 years$1,924$1,502$1,160$888$674$354
24 years$1,824$1,407$1,073$809$606$308
25 years$1,733$1,321$994$739$545$267
26 years$1,648$1,241$922$676$491$232
27 years$1,570$1,168$856$619$442$202
28 years$1,498$1,101$796$567$399$176
29 years$1,431$1,038$740$520$361$153
30 years$1,368$981$690$477$326$134
31 years$1,309$927$643$438$295$116
32 years$1,255$877$600$403$266$101
33 years$1,203$831$560$370$241$88
34 years$1,155$787$523$341$218$77
35 years$1,110$747$489$314$198$67
36 years$1,067$709$458$289$179$59
37 years$1,027$673$428$266$162$51
38 years$989$640$401$245$147$45
39 years$953$608$376$226$133$39
40 years$919$579$352$209$121$34
41 years$886$551$330$192$110$30
42 years$856$525$310$178$100$26
43 years$826$500$291$164$90$23
44 years$798$477$273$151$82$20
45 years$772$454$256$140$75$17
46 years$747$434$241$129$68$15
47 years$722$414$226$119$61$13
48 years$699$395$212$110$56$11
49 years$677$377$200$102$51$10
50 years$656$360$188$94$46$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $672,000, adding $2,945 every year, while hoping to spend $48,761 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$672,000$672,000$672,000$672,000
50$743,582$707,966$697,550$775,477
51$767,546$690,775$669,036$780,670
52$792,320$671,107$637,933$781,073
53$817,935$648,790$604,103$780,436
54$844,424$623,641$567,400$778,681
55$871,822$595,465$527,674$775,725
56$900,164$564,059$484,768$771,480
57$929,488$529,206$438,515$765,854
58$959,835$490,676$388,744$758,749
59$991,247$448,228$335,276$750,062
60$1,023,769$401,605$277,922$739,684
61$1,057,447$350,538$216,486$727,501
62$1,092,331$294,739$150,764$713,392
63$1,128,476$233,908$80,541$697,230
64$1,165,936$167,725$5,594$678,882
65$1,204,771$95,853$0$658,207
66$1,245,044$17,937$0$646,170
67$1,286,823$0$0$633,116
68$1,330,179$0$0$646,580
69$1,375,189$0$0$668,558
70$1,421,934$0$0$691,392
71$1,470,500$0$0$715,126
72$1,520,981$0$0$739,808
73$1,573,477$0$0$765,486
74$1,628,095$0$0$792,216
75$1,684,948$0$0$820,055
76$1,744,160$0$0$849,065
77$1,805,863$0$0$879,312
78$1,870,199$0$0$910,870
79$1,937,322$0$0$943,816
80$2,007,397$0$0$978,233
81$2,080,602$0$0$1,014,212
82$2,157,131$0$0$1,051,852
83$2,237,191$0$0$1,091,258
84$2,321,008$0$0$1,132,545
85$2,408,826$0$0$1,175,837
86$2,500,912$0$0$1,221,270
87$2,597,550$0$0$1,268,991
88$2,699,055$0$0$1,319,158
89$2,805,765$0$0$1,371,946
90$2,918,048$0$0$1,427,542
91$3,036,307$0$0$1,486,152
92$3,160,977$0$0$1,547,999
93$3,292,535$0$0$1,613,329
94$3,431,499$0$0$1,682,406
95$3,578,437$0$0$1,755,521
96$3,733,965$0$0$1,832,992
97$3,898,759$0$0$1,915,164
98$4,073,556$0$0$2,002,417
99$4,259,161$0$0$2,095,165
100$4,456,456$0$0$2,193,861