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%16%
1 years$55,658$55,163$54,679$54,207$53,746$52,425
2 years$27,554$27,040$26,543$26,061$25,593$24,271
3 years$18,187$17,671$17,175$16,697$16,237$14,955
4 years$13,504$12,990$12,499$12,030$11,581$10,347
5 years$10,695$10,184$9,700$9,240$8,803$7,623
6 years$8,823$8,316$7,839$7,389$6,966$5,840
7 years$7,487$6,984$6,514$6,075$5,665$4,593
8 years$6,485$5,987$5,525$5,096$4,700$3,682
9 years$5,706$5,212$4,758$4,341$3,958$2,993
10 years$5,083$4,595$4,148$3,742$3,372$2,459
11 years$4,574$4,090$3,652$3,257$2,900$2,037
12 years$4,150$3,671$3,241$2,856$2,513$1,699
13 years$3,791$3,318$2,896$2,522$2,192$1,425
14 years$3,484$3,016$2,602$2,239$1,921$1,200
15 years$3,218$2,755$2,349$1,996$1,692$1,015
16 years$2,986$2,528$2,130$1,788$1,495$860
17 years$2,781$2,328$1,938$1,606$1,326$731
18 years$2,599$2,151$1,769$1,447$1,179$623
19 years$2,437$1,993$1,620$1,308$1,051$532
20 years$2,291$1,852$1,486$1,185$938$454
21 years$2,159$1,725$1,367$1,075$840$389
22 years$2,039$1,611$1,260$977$753$333
23 years$1,930$1,506$1,163$890$676$286
24 years$1,830$1,411$1,076$812$607$245
25 years$1,738$1,325$997$741$546$210
26 years$1,653$1,245$924$678$492$181
27 years$1,575$1,172$858$621$444$155
28 years$1,502$1,104$798$569$400$134
29 years$1,435$1,041$743$521$362$115
30 years$1,372$984$692$479$327$99
31 years$1,313$930$645$439$295$85
32 years$1,258$880$602$404$267$73
33 years$1,207$833$562$371$242$63
34 years$1,159$790$525$342$219$54
35 years$1,113$749$491$315$198$47
36 years$1,070$711$459$290$180$40
37 years$1,030$675$430$267$163$35
38 years$992$642$402$246$148$30
39 years$956$610$377$227$134$26
40 years$921$581$353$209$121$22
41 years$889$553$331$193$110$19
42 years$858$526$311$178$100$16
43 years$829$501$292$164$91$14
44 years$801$478$274$152$82$12
45 years$774$456$257$140$75$11
46 years$749$435$241$130$68$9
47 years$725$415$227$120$62$8
48 years$701$396$213$111$56$7
49 years$679$378$200$102$51$6
50 years$658$361$188$94$46$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $674,000, adding $3,671 every year, while hoping to spend $32,356 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: 36/36/28 Blend
49$674,000$674,000$674,000$674,000
50$746,535$710,813$700,366$767,027
51$788,255$711,216$689,401$782,993
52$833,146$710,555$676,985$797,029
53$881,497$708,742$663,035$811,561
54$933,626$705,687$647,463$826,655
55$989,883$701,292$630,179$842,388
56$1,050,649$695,454$611,089$858,844
57$1,116,348$688,064$590,093$876,122
58$1,187,442$679,005$567,087$894,332
59$1,264,439$668,155$541,964$913,596
60$1,347,901$655,384$514,609$934,057
61$1,438,443$640,553$484,903$955,871
62$1,536,740$623,517$452,724$979,216
63$1,643,539$604,121$417,942$1,004,293
64$1,759,658$582,200$380,421$1,031,324
65$1,885,998$557,583$340,020$1,060,561
66$2,023,551$530,086$296,591$1,092,287
67$2,173,407$499,514$249,981$1,126,815
68$2,336,768$465,663$200,029$1,164,498
69$2,514,954$428,316$146,565$1,205,730
70$2,709,420$387,244$89,416$1,250,951
71$2,921,766$342,205$28,397$1,300,651
72$3,153,755$292,942$0$1,355,378
73$3,407,327$239,185$0$1,426,712
74$3,684,618$180,649$0$1,514,129
75$3,987,980$117,031$0$1,609,955
76$4,320,002$48,014$0$1,715,096
77$4,683,535$0$0$1,830,555
78$5,081,720$0$0$1,968,038
79$5,518,014$0$0$2,139,613
80$5,996,226$0$0$2,327,770
81$6,520,550$0$0$2,534,172
82$7,095,605$0$0$2,760,649
83$7,726,480$0$0$3,009,218
84$8,418,778$0$0$3,282,102
85$9,178,673$0$0$3,581,747
86$10,012,964$0$0$3,910,849
87$10,929,142$0$0$4,272,378
88$11,935,458$0$0$4,669,606
89$13,041,002$0$0$5,106,136
90$14,255,788$0$0$5,585,940
91$15,590,847$0$0$6,113,391
92$17,058,332$0$0$6,693,310
93$18,671,633$0$0$7,331,006
94$20,445,501$0$0$8,032,328
95$22,396,189$0$0$8,803,722
96$24,541,602$0$0$9,652,290
97$26,901,469$0$0$10,585,855
98$29,497,526$0$0$11,613,038
99$32,353,722$0$0$12,743,337
100$35,496,445$0$0$13,987,219