Can I retire at age 50 with 675,000?

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 $675,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$55,741$55,244$54,760$54,287$53,825$53,486
2 years$27,594$27,081$26,582$26,100$25,631$25,289
3 years$18,214$17,697$17,201$16,722$16,261$15,927
4 years$13,524$13,009$12,518$12,047$11,598$11,273
5 years$10,711$10,200$9,714$9,254$8,816$8,503
6 years$8,836$8,329$7,851$7,400$6,976$6,675
7 years$7,498$6,994$6,524$6,084$5,673$5,384
8 years$6,494$5,996$5,533$5,104$4,707$4,429
9 years$5,714$5,220$4,765$4,347$3,964$3,697
10 years$5,091$4,601$4,155$3,747$3,377$3,122
11 years$4,581$4,096$3,658$3,261$2,905$2,661
12 years$4,156$3,677$3,246$2,861$2,517$2,285
13 years$3,797$3,323$2,900$2,526$2,195$1,973
14 years$3,489$3,020$2,606$2,242$1,924$1,713
15 years$3,223$2,759$2,353$1,999$1,694$1,494
16 years$2,991$2,531$2,133$1,790$1,497$1,307
17 years$2,785$2,331$1,941$1,608$1,328$1,147
18 years$2,603$2,154$1,772$1,450$1,180$1,009
19 years$2,440$1,996$1,622$1,310$1,052$890
20 years$2,294$1,855$1,489$1,186$940$787
21 years$2,162$1,728$1,369$1,077$841$696
22 years$2,042$1,613$1,262$979$754$617
23 years$1,932$1,509$1,165$892$677$548
24 years$1,832$1,414$1,078$813$608$487
25 years$1,740$1,327$998$743$547$433
26 years$1,655$1,247$926$679$493$386
27 years$1,577$1,173$860$621$444$344
28 years$1,504$1,106$799$569$401$306
29 years$1,437$1,043$744$522$362$273
30 years$1,374$985$693$479$327$244
31 years$1,315$931$646$440$296$218
32 years$1,260$881$602$404$268$195
33 years$1,209$834$563$372$242$174
34 years$1,160$791$526$342$219$156
35 years$1,115$750$491$315$199$139
36 years$1,072$712$460$290$180$125
37 years$1,032$676$430$267$163$112
38 years$993$643$403$246$148$100
39 years$957$611$378$227$134$89
40 years$923$581$354$210$122$80
41 years$890$553$332$193$110$72
42 years$859$527$311$178$100$64
43 years$830$502$292$165$91$58
44 years$802$479$274$152$82$52
45 years$775$456$257$140$75$46
46 years$750$435$242$130$68$41
47 years$726$416$227$120$62$37
48 years$702$397$213$111$56$33
49 years$680$379$201$102$51$30
50 years$659$362$189$95$46$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $675,000, adding $2,904 every year, while hoping to spend $44,939 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: 49/45/6 Blend
49$675,000$675,000$675,000$675,000
50$746,845$711,070$700,608$782,165
51$775,209$698,098$676,264$793,610
52$804,959$682,984$649,598$800,998
53$836,191$665,576$620,485$807,954
54$869,005$645,712$588,794$814,450
55$903,514$623,222$554,388$820,456
56$939,837$597,924$517,125$825,944
57$978,106$569,629$476,855$830,885
58$1,018,465$538,132$433,421$835,251
59$1,061,068$503,221$386,661$839,015
60$1,106,088$464,669$336,404$842,153
61$1,153,708$422,237$282,473$844,640
62$1,204,131$375,672$224,681$846,454
63$1,257,579$324,706$162,834$847,579
64$1,314,293$269,058$96,731$847,998
65$1,374,538$208,429$26,159$847,700
66$1,438,604$142,505$0$846,679
67$1,506,805$70,951$0$848,082
68$1,579,489$0$0$850,760
69$1,657,035$0$0$856,326
70$1,739,859$0$0$899,838
71$1,828,415$0$0$946,408
72$1,923,204$0$0$996,303
73$2,024,772$0$0$1,049,819
74$2,133,720$0$0$1,107,278
75$2,250,707$0$0$1,169,035
76$2,376,456$0$0$1,235,478
77$2,511,762$0$0$1,307,036
78$2,657,495$0$0$1,384,177
79$2,814,613$0$0$1,467,417
80$2,984,168$0$0$1,557,322
81$3,167,315$0$0$1,654,515
82$3,365,324$0$0$1,759,679
83$3,579,591$0$0$1,873,567
84$3,811,650$0$0$1,997,004
85$4,063,187$0$0$2,130,901
86$4,336,057$0$0$2,276,257
87$4,632,301$0$0$2,434,171
88$4,954,162$0$0$2,605,853
89$5,304,107$0$0$2,792,634
90$5,684,852$0$0$2,995,977
91$6,099,385$0$0$3,217,494
92$6,550,992$0$0$3,458,958
93$7,043,292$0$0$3,722,319
94$7,580,265$0$0$4,009,725
95$8,166,295$0$0$4,323,539
96$8,806,203$0$0$4,666,365
97$9,505,301$0$0$5,041,067
98$10,269,435$0$0$5,450,798
99$11,105,040$0$0$5,899,031
100$12,019,202$0$0$6,389,591