Can I retire at age 50 with 673,000?

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 $673,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$55,576$55,081$54,598$54,126$53,666$51,927
2 years$27,513$27,000$26,504$26,022$25,555$23,820
3 years$18,160$17,645$17,150$16,673$16,213$14,536
4 years$13,484$12,971$12,481$12,012$11,563$9,956
5 years$10,679$10,169$9,685$9,226$8,790$7,258
6 years$8,810$8,304$7,827$7,378$6,956$5,500
7 years$7,476$6,974$6,504$6,066$5,657$4,277
8 years$6,475$5,978$5,516$5,089$4,693$3,388
9 years$5,697$5,205$4,751$4,334$3,952$2,721
10 years$5,076$4,588$4,142$3,736$3,367$2,208
11 years$4,567$4,084$3,647$3,252$2,896$1,806
12 years$4,144$3,666$3,236$2,852$2,510$1,487
13 years$3,786$3,313$2,891$2,518$2,188$1,230
14 years$3,479$3,011$2,598$2,235$1,918$1,022
15 years$3,214$2,751$2,346$1,993$1,689$852
16 years$2,982$2,524$2,127$1,785$1,493$712
17 years$2,777$2,324$1,935$1,604$1,324$596
18 years$2,596$2,148$1,767$1,445$1,177$501
19 years$2,433$1,991$1,617$1,306$1,049$421
20 years$2,287$1,850$1,484$1,183$937$354
21 years$2,155$1,723$1,365$1,073$838$298
22 years$2,036$1,608$1,258$976$752$252
23 years$1,927$1,504$1,162$889$675$212
24 years$1,827$1,409$1,074$811$606$179
25 years$1,735$1,323$995$740$546$152
26 years$1,651$1,243$923$677$492$128
27 years$1,572$1,170$857$620$443$108
28 years$1,500$1,102$797$568$400$92
29 years$1,433$1,040$741$521$361$78
30 years$1,370$982$691$478$326$66
31 years$1,311$928$644$439$295$56
32 years$1,257$878$601$403$267$47
33 years$1,205$832$561$371$241$40
34 years$1,157$788$524$341$219$34
35 years$1,112$748$490$314$198$29
36 years$1,069$710$458$289$179$24
37 years$1,029$674$429$267$163$21
38 years$990$641$402$246$147$17
39 years$954$609$376$227$134$15
40 years$920$580$353$209$121$12
41 years$888$552$331$193$110$11
42 years$857$525$310$178$100$9
43 years$828$501$291$164$91$8
44 years$800$477$273$152$82$6
45 years$773$455$257$140$75$5
46 years$748$434$241$129$68$5
47 years$723$414$226$120$62$4
48 years$700$396$213$110$56$3
49 years$678$378$200$102$51$3
50 years$657$361$188$94$46$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $673,000, adding $6,112 every year, while hoping to spend $29,009 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: 60/32/8 Blend
49$673,000$673,000$673,000$673,000
50$747,951$712,282$701,850$791,171
51$793,376$716,318$694,497$824,911
52$842,463$719,580$685,925$857,830
53$895,554$721,999$676,063$893,010
54$953,025$723,502$664,836$930,669
55$1,015,292$724,011$652,166$971,048
56$1,082,809$723,445$637,971$1,014,414
57$1,156,077$721,716$622,165$1,061,062
58$1,235,648$718,731$604,658$1,111,318
59$1,322,127$714,392$585,357$1,165,542
60$1,416,180$708,594$564,163$1,224,131
61$1,518,542$701,226$540,974$1,287,524
62$1,630,019$692,172$515,682$1,356,208
63$1,751,499$681,307$488,176$1,430,718
64$1,883,960$668,498$458,337$1,511,646
65$2,028,476$653,607$426,044$1,599,647
66$2,186,232$636,485$391,168$1,695,444
67$2,358,532$616,976$353,576$1,799,835
68$2,546,808$594,915$313,127$1,913,700
69$2,752,642$570,125$269,676$2,038,015
70$2,977,771$542,421$223,070$2,173,852
71$3,224,112$511,607$173,150$2,322,401
72$3,493,770$477,475$119,750$2,484,971
73$3,789,070$439,806$62,697$2,663,009
74$4,112,566$398,368$1,808$2,858,114
75$4,467,075$352,915$0$3,072,048
76$4,855,697$303,188$0$3,312,152
77$5,281,847$248,914$0$3,575,697
78$5,749,287$189,802$0$3,864,919
79$6,262,160$125,548$0$4,182,454
80$6,825,029$55,828$0$4,531,213
81$7,442,920$0$0$4,914,402
82$8,121,371$0$0$5,342,500
83$8,866,481$0$0$5,834,306
84$9,684,970$0$0$6,374,602
85$10,584,239$0$0$6,968,281
86$11,572,442$0$0$7,620,736
87$12,658,563$0$0$8,337,904
88$13,852,499$0$0$9,126,328
89$15,165,154$0$0$9,993,218
90$16,608,540$0$0$10,946,514
91$18,195,892$0$0$11,994,968
92$19,941,793$0$0$13,148,218
93$21,862,308$0$0$14,416,888
94$23,975,138$0$0$15,812,680
95$26,299,789$0$0$17,348,488
96$28,857,747$0$0$19,038,521
97$31,672,692$0$0$20,898,433
98$34,770,713$0$0$22,945,472
99$38,180,554$0$0$25,198,644
100$41,933,891$0$0$27,678,891