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%18.1%
1 years$55,658$55,163$54,679$54,207$53,746$51,984
2 years$27,554$27,040$26,543$26,061$25,593$23,835
3 years$18,187$17,671$17,175$16,697$16,237$14,538
4 years$13,504$12,990$12,499$12,030$11,581$9,953
5 years$10,695$10,184$9,700$9,240$8,803$7,252
6 years$8,823$8,316$7,839$7,389$6,966$5,492
7 years$7,487$6,984$6,514$6,075$5,665$4,268
8 years$6,485$5,987$5,525$5,096$4,700$3,379
9 years$5,706$5,212$4,758$4,341$3,958$2,712
10 years$5,083$4,595$4,148$3,742$3,372$2,199
11 years$4,574$4,090$3,652$3,257$2,900$1,798
12 years$4,150$3,671$3,241$2,856$2,513$1,479
13 years$3,791$3,318$2,896$2,522$2,192$1,223
14 years$3,484$3,016$2,602$2,239$1,921$1,015
15 years$3,218$2,755$2,349$1,996$1,692$846
16 years$2,986$2,528$2,130$1,788$1,495$706
17 years$2,781$2,328$1,938$1,606$1,326$591
18 years$2,599$2,151$1,769$1,447$1,179$496
19 years$2,437$1,993$1,620$1,308$1,051$416
20 years$2,291$1,852$1,486$1,185$938$350
21 years$2,159$1,725$1,367$1,075$840$295
22 years$2,039$1,611$1,260$977$753$249
23 years$1,930$1,506$1,163$890$676$210
24 years$1,830$1,411$1,076$812$607$177
25 years$1,738$1,325$997$741$546$149
26 years$1,653$1,245$924$678$492$126
27 years$1,575$1,172$858$621$444$107
28 years$1,502$1,104$798$569$400$90
29 years$1,435$1,041$743$521$362$76
30 years$1,372$984$692$479$327$64
31 years$1,313$930$645$439$295$54
32 years$1,258$880$602$404$267$46
33 years$1,207$833$562$371$242$39
34 years$1,159$790$525$342$219$33
35 years$1,113$749$491$315$198$28
36 years$1,070$711$459$290$180$24
37 years$1,030$675$430$267$163$20
38 years$992$642$402$246$148$17
39 years$956$610$377$227$134$14
40 years$921$581$353$209$121$12
41 years$889$553$331$193$110$10
42 years$858$526$311$178$100$9
43 years$829$501$292$164$91$7
44 years$801$478$274$152$82$6
45 years$774$456$257$140$75$5
46 years$749$435$241$130$68$4
47 years$725$415$227$120$62$4
48 years$701$396$213$111$56$3
49 years$679$378$200$102$51$3
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 $6,391 every year, while hoping to spend $54,466 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: 45/25/30 Blend
49$674,000$674,000$674,000$674,000
50$749,340$713,618$703,171$776,313
51$767,822$690,634$668,776$773,188
52$786,363$664,698$631,403$764,118
53$804,912$635,609$590,895$753,256
54$823,411$603,152$547,088$740,468
55$841,793$567,100$499,810$725,608
56$859,984$527,216$448,882$708,519
57$877,898$483,246$394,115$689,037
58$895,441$434,922$335,316$666,983
59$912,505$381,963$272,278$642,166
60$928,970$324,069$204,789$614,383
61$944,702$260,924$132,626$583,415
62$959,549$192,197$55,556$549,028
63$973,342$117,534$0$510,971
64$985,894$36,564$0$477,519
65$996,995$0$0$459,371
66$1,006,409$0$0$452,561
67$1,013,877$0$0$454,799
68$1,019,109$0$0$455,881
69$1,021,781$0$0$455,648
70$1,021,536$0$0$453,918
71$1,017,974$0$0$450,493
72$1,010,656$0$0$445,152
73$999,089$0$0$437,652
74$982,731$0$0$427,719
75$960,979$0$0$415,054
76$933,166$0$0$399,325
77$898,553$0$0$380,162
78$856,319$0$0$357,157
79$805,561$0$0$329,860
80$745,275$0$0$297,772
81$674,353$0$0$260,339
82$591,568$0$0$216,953
83$495,565$0$0$166,938
84$384,845$0$0$109,549
85$257,751$0$0$43,962
86$112,453$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0