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%14.9%
1 years$55,576$55,081$54,598$54,126$53,666$52,582
2 years$27,513$27,000$26,504$26,022$25,555$24,468
3 years$18,160$17,645$17,150$16,673$16,213$15,157
4 years$13,484$12,971$12,481$12,012$11,563$10,546
5 years$10,679$10,169$9,685$9,226$8,790$7,814
6 years$8,810$8,304$7,827$7,378$6,956$6,022
7 years$7,476$6,974$6,504$6,066$5,657$4,766
8 years$6,475$5,978$5,516$5,089$4,693$3,845
9 years$5,697$5,205$4,751$4,334$3,952$3,146
10 years$5,076$4,588$4,142$3,736$3,367$2,602
11 years$4,567$4,084$3,647$3,252$2,896$2,171
12 years$4,144$3,666$3,236$2,852$2,510$1,824
13 years$3,786$3,313$2,891$2,518$2,188$1,541
14 years$3,479$3,011$2,598$2,235$1,918$1,308
15 years$3,214$2,751$2,346$1,993$1,689$1,114
16 years$2,982$2,524$2,127$1,785$1,493$952
17 years$2,777$2,324$1,935$1,604$1,324$816
18 years$2,596$2,148$1,767$1,445$1,177$701
19 years$2,433$1,991$1,617$1,306$1,049$603
20 years$2,287$1,850$1,484$1,183$937$519
21 years$2,155$1,723$1,365$1,073$838$448
22 years$2,036$1,608$1,258$976$752$387
23 years$1,927$1,504$1,162$889$675$335
24 years$1,827$1,409$1,074$811$606$290
25 years$1,735$1,323$995$740$546$251
26 years$1,651$1,243$923$677$492$218
27 years$1,572$1,170$857$620$443$189
28 years$1,500$1,102$797$568$400$164
29 years$1,433$1,040$741$521$361$142
30 years$1,370$982$691$478$326$123
31 years$1,311$928$644$439$295$107
32 years$1,257$878$601$403$267$93
33 years$1,205$832$561$371$241$81
34 years$1,157$788$524$341$219$70
35 years$1,112$748$490$314$198$61
36 years$1,069$710$458$289$179$53
37 years$1,029$674$429$267$163$46
38 years$990$641$402$246$147$40
39 years$954$609$376$227$134$35
40 years$920$580$353$209$121$30
41 years$888$552$331$193$110$26
42 years$857$525$310$178$100$23
43 years$828$501$291$164$91$20
44 years$800$477$273$152$82$17
45 years$773$455$257$140$75$15
46 years$748$434$241$129$68$13
47 years$723$414$226$120$62$11
48 years$700$396$213$110$56$10
49 years$678$378$200$102$51$9
50 years$657$361$188$94$46$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $673,000, adding $5,302 every year, while hoping to spend $43,579 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: 51/39/10 Blend
49$673,000$673,000$673,000$673,000
50$747,115$711,446$701,015$782,996
51$776,953$699,939$678,131$796,554
52$808,374$686,408$653,020$806,190
53$841,493$670,707$625,561$815,655
54$876,437$652,683$595,628$824,942
55$913,341$632,172$563,090$834,049
56$952,356$609,003$527,808$842,974
57$993,646$582,993$489,639$851,721
58$1,037,387$553,950$448,431$860,295
59$1,083,776$521,668$404,029$868,706
60$1,133,024$485,933$356,267$876,968
61$1,185,365$446,516$304,974$885,101
62$1,241,052$403,176$249,971$893,131
63$1,300,366$355,657$191,071$901,092
64$1,363,610$303,692$128,079$909,025
65$1,431,120$246,994$60,791$916,979
66$1,503,260$185,263$0$925,017
67$1,580,433$118,181$0$934,385
68$1,663,079$45,414$0$950,995
69$1,751,680$0$0$968,478
70$1,846,766$0$0$1,001,311
71$1,948,918$0$0$1,057,569
72$2,058,773$0$0$1,118,120
73$2,177,032$0$0$1,183,357
74$2,304,464$0$0$1,253,711
75$2,441,913$0$0$1,329,654
76$2,590,307$0$0$1,411,708
77$2,750,666$0$0$1,500,444
78$2,924,110$0$0$1,596,491
79$3,111,872$0$0$1,700,538
80$3,315,304$0$0$1,813,347
81$3,535,896$0$0$1,935,751
82$3,775,285$0$0$2,068,671
83$4,035,272$0$0$2,213,115
84$4,317,836$0$0$2,370,197
85$4,625,158$0$0$2,541,137
86$4,959,635$0$0$2,727,284
87$5,323,903$0$0$2,930,115
88$5,720,865$0$0$3,151,263
89$6,153,717$0$0$3,392,518
90$6,625,973$0$0$3,655,857
91$7,141,503$0$0$3,943,451
92$7,704,567$0$0$4,257,692
93$8,319,855$0$0$4,601,215
94$8,992,528$0$0$4,976,918
95$9,728,272$0$0$5,387,993
96$10,533,345$0$0$5,837,956
97$11,414,638$0$0$6,330,678
98$12,379,740$0$0$6,870,420
99$13,437,009$0$0$7,461,878
100$14,595,646$0$0$8,110,220