Can I retire at age 50 with 674,000?

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 $674,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$55,658$55,163$54,679$54,207$53,746$51,777
2 years$27,554$27,040$26,543$26,061$25,593$23,632
3 years$18,187$17,671$17,175$16,697$16,237$14,345
4 years$13,504$12,990$12,499$12,030$11,581$9,771
5 years$10,695$10,184$9,700$9,240$8,803$7,082
6 years$8,823$8,316$7,839$7,389$6,966$5,334
7 years$7,487$6,984$6,514$6,075$5,665$4,122
8 years$6,485$5,987$5,525$5,096$4,700$3,244
9 years$5,706$5,212$4,758$4,341$3,958$2,588
10 years$5,083$4,595$4,148$3,742$3,372$2,085
11 years$4,574$4,090$3,652$3,257$2,900$1,694
12 years$4,150$3,671$3,241$2,856$2,513$1,384
13 years$3,791$3,318$2,896$2,522$2,192$1,136
14 years$3,484$3,016$2,602$2,239$1,921$937
15 years$3,218$2,755$2,349$1,996$1,692$775
16 years$2,986$2,528$2,130$1,788$1,495$643
17 years$2,781$2,328$1,938$1,606$1,326$534
18 years$2,599$2,151$1,769$1,447$1,179$444
19 years$2,437$1,993$1,620$1,308$1,051$371
20 years$2,291$1,852$1,486$1,185$938$309
21 years$2,159$1,725$1,367$1,075$840$258
22 years$2,039$1,611$1,260$977$753$216
23 years$1,930$1,506$1,163$890$676$181
24 years$1,830$1,411$1,076$812$607$151
25 years$1,738$1,325$997$741$546$127
26 years$1,653$1,245$924$678$492$106
27 years$1,575$1,172$858$621$444$89
28 years$1,502$1,104$798$569$400$75
29 years$1,435$1,041$743$521$362$63
30 years$1,372$984$692$479$327$52
31 years$1,313$930$645$439$295$44
32 years$1,258$880$602$404$267$37
33 years$1,207$833$562$371$242$31
34 years$1,159$790$525$342$219$26
35 years$1,113$749$491$315$198$22
36 years$1,070$711$459$290$180$18
37 years$1,030$675$430$267$163$15
38 years$992$642$402$246$148$13
39 years$956$610$377$227$134$11
40 years$921$581$353$209$121$9
41 years$889$553$331$193$110$8
42 years$858$526$311$178$100$6
43 years$829$501$292$164$91$5
44 years$801$478$274$152$82$5
45 years$774$456$257$140$75$4
46 years$749$435$241$130$68$3
47 years$725$415$227$120$62$3
48 years$701$396$213$111$56$2
49 years$679$378$200$102$51$2
50 years$658$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 $674,000, adding $6,998 every year, while hoping to spend $44,734 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: 57/31/12 Blend
49$674,000$674,000$674,000$674,000
50$749,966$714,244$703,797$790,076
51$778,866$701,646$679,778$805,393
52$809,215$686,931$653,455$816,522
53$841,112$669,948$624,703$827,589
54$874,668$650,537$593,393$838,595
55$910,001$628,531$559,388$849,543
56$947,241$603,748$522,547$860,438
57$986,528$576,000$482,721$871,289
58$1,028,017$545,087$439,755$882,108
59$1,071,874$510,797$393,487$892,912
60$1,118,284$472,904$343,747$903,721
61$1,167,445$431,173$290,359$914,563
62$1,219,577$385,352$233,138$925,470
63$1,274,917$335,178$171,892$936,482
64$1,333,726$280,369$106,418$947,648
65$1,396,290$220,631$36,507$959,024
66$1,462,921$155,652$0$970,678
67$1,533,961$85,101$0$987,568
68$1,609,785$8,630$0$1,010,213
69$1,690,802$0$0$1,034,073
70$1,777,463$0$0$1,084,590
71$1,870,261$0$0$1,141,875
72$1,969,736$0$0$1,203,322
73$2,076,482$0$0$1,269,304
74$2,191,149$0$0$1,340,229
75$2,314,454$0$0$1,416,543
76$2,447,179$0$0$1,498,739
77$2,590,186$0$0$1,587,358
78$2,744,423$0$0$1,682,991
79$2,910,927$0$0$1,786,291
80$3,090,842$0$0$1,897,974
81$3,285,423$0$0$2,018,828
82$3,496,050$0$0$2,149,717
83$3,724,239$0$0$2,291,594
84$3,971,659$0$0$2,445,504
85$4,240,143$0$0$2,612,598
86$4,531,709$0$0$2,794,142
87$4,848,575$0$0$2,991,527
88$5,193,183$0$0$3,206,287
89$5,568,217$0$0$3,440,104
90$5,976,633$0$0$3,694,835
91$6,421,681$0$0$3,972,519
92$6,906,941$0$0$4,275,402
93$7,436,350$0$0$4,605,956
94$8,014,243$0$0$4,966,903
95$8,645,391$0$0$5,361,237
96$9,335,049$0$0$5,792,256
97$10,088,997$0$0$6,263,590
98$10,913,605$0$0$6,779,238
99$11,815,882$0$0$7,343,598
100$12,803,547$0$0$7,961,520