Can I retire at age 50 with 674,000?

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 $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 $6,140 every year, while hoping to spend $35,599 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: 64/15/21 Blend
49$674,000$674,000$674,000$674,000
50$749,081$713,359$702,912$792,611
51$787,611$710,437$688,583$819,737
52$828,877$706,178$672,580$844,793
53$873,121$700,480$654,811$871,343
54$920,609$693,233$635,177$899,535
55$971,632$684,322$613,575$929,534
56$1,026,507$673,623$589,899$961,522
57$1,085,587$661,007$564,037$995,703
58$1,149,256$646,335$535,871$1,032,300
59$1,217,937$629,462$505,280$1,071,563
60$1,292,094$610,233$472,134$1,113,767
61$1,372,238$588,485$436,301$1,159,217
62$1,458,929$564,044$397,640$1,208,252
63$1,552,785$536,727$356,006$1,261,246
64$1,654,483$506,341$311,246$1,318,614
65$1,764,769$472,680$263,201$1,380,814
66$1,884,462$435,527$211,705$1,448,356
67$2,014,464$394,655$156,584$1,521,800
68$2,155,766$349,820$97,656$1,601,770
69$2,309,459$300,766$34,733$1,688,953
70$2,476,744$247,224$0$1,784,110
71$2,658,942$188,908$0$1,895,348
72$2,857,505$125,515$0$2,025,111
73$3,074,033$56,728$0$2,166,686
74$3,310,286$0$0$2,321,261
75$3,568,202$0$0$2,493,083
76$3,849,914$0$0$2,691,028
77$4,157,770$0$0$2,907,390
78$4,494,355$0$0$3,143,989
79$4,862,516$0$0$3,402,832
80$5,265,385$0$0$3,686,130
81$5,706,414$0$0$3,996,315
82$6,189,402$0$0$4,336,065
83$6,718,535$0$0$4,708,332
84$7,298,421$0$0$5,116,366
85$7,934,135$0$0$5,563,743
86$8,631,267$0$0$6,054,407
87$9,395,973$0$0$6,592,698
88$10,235,036$0$0$7,183,398
89$11,155,924$0$0$7,831,774
90$12,166,865$0$0$8,543,628
91$13,276,923$0$0$9,325,351
92$14,496,082$0$0$10,183,984
93$15,835,340$0$0$11,127,281
94$17,306,812$0$0$12,163,788
95$18,923,848$0$0$13,302,916
96$20,701,151$0$0$14,555,036
97$22,654,921$0$0$15,931,572
98$24,803,007$0$0$17,445,109
99$27,165,072$0$0$19,109,516
100$29,762,781$0$0$20,940,070