Can I retire at age 50 with 676,000?

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 $676,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$55,823$55,326$54,841$54,368$53,905$53,409
2 years$27,635$27,121$26,622$26,138$25,669$25,169
3 years$18,241$17,724$17,226$16,747$16,286$15,797
4 years$13,544$13,029$12,536$12,065$11,615$11,142
5 years$10,727$10,215$9,729$9,267$8,830$8,374
6 years$8,849$8,341$7,862$7,411$6,987$6,548
7 years$7,509$7,005$6,533$6,093$5,682$5,261
8 years$6,504$6,004$5,541$5,111$4,714$4,311
9 years$5,723$5,228$4,772$4,354$3,970$3,584
10 years$5,098$4,608$4,161$3,753$3,382$3,014
11 years$4,587$4,102$3,663$3,266$2,909$2,558
12 years$4,162$3,682$3,251$2,865$2,521$2,186
13 years$3,803$3,328$2,904$2,529$2,198$1,880
14 years$3,495$3,025$2,610$2,245$1,927$1,625
15 years$3,228$2,763$2,356$2,002$1,697$1,410
16 years$2,995$2,535$2,136$1,793$1,499$1,228
17 years$2,789$2,335$1,944$1,611$1,330$1,072
18 years$2,607$2,157$1,774$1,452$1,182$939
19 years$2,444$1,999$1,624$1,312$1,054$824
20 years$2,298$1,858$1,491$1,188$941$724
21 years$2,165$1,731$1,371$1,078$842$638
22 years$2,045$1,615$1,264$980$755$562
23 years$1,935$1,511$1,167$893$678$497
24 years$1,835$1,416$1,079$814$609$439
25 years$1,743$1,328$1,000$744$548$388
26 years$1,658$1,249$927$680$494$344
27 years$1,579$1,175$861$622$445$305
28 years$1,507$1,107$800$570$402$270
29 years$1,439$1,045$745$523$363$240
30 years$1,376$986$694$480$328$213
31 years$1,317$933$647$441$296$189
32 years$1,262$882$603$405$268$168
33 years$1,211$836$563$373$243$149
34 years$1,162$792$526$343$220$133
35 years$1,117$751$492$316$199$118
36 years$1,074$713$460$291$180$105
37 years$1,033$677$431$268$163$93
38 years$995$644$404$247$148$83
39 years$959$612$378$228$134$74
40 years$924$582$354$210$122$66
41 years$892$554$332$194$110$59
42 years$861$528$312$179$100$52
43 years$831$503$292$165$91$46
44 years$803$479$275$152$83$41
45 years$776$457$258$141$75$37
46 years$751$436$242$130$68$33
47 years$727$416$227$120$62$29
48 years$703$397$214$111$56$26
49 years$681$379$201$103$51$23
50 years$660$362$189$95$46$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $676,000, adding $2,345 every year, while hoping to spend $21,792 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: 61/17/22 Blend
49$676,000$676,000$676,000$676,000
50$747,371$711,543$701,065$788,500
51$800,416$723,222$701,364$828,304
52$858,142$734,743$700,943$869,124
53$921,002$746,075$699,754$913,189
54$989,497$757,185$697,749$960,818
55$1,064,176$768,038$694,874$1,012,364
56$1,145,647$778,597$691,077$1,068,213
57$1,234,574$788,819$686,299$1,128,795
58$1,331,692$798,663$680,481$1,194,581
59$1,437,808$808,081$673,562$1,266,092
60$1,553,813$817,025$665,474$1,343,901
61$1,680,684$825,442$656,150$1,428,643
62$1,819,501$833,275$645,517$1,521,015
63$1,971,449$840,465$633,501$1,621,788
64$2,137,836$846,947$620,023$1,731,811
65$2,320,102$852,654$605,000$1,852,021
66$2,519,831$857,513$588,347$1,983,451
67$2,738,770$861,447$569,972$2,127,240
68$2,978,841$864,374$549,783$2,284,645
69$3,242,162$866,207$527,679$2,457,052
70$3,531,065$866,854$503,559$2,645,989
71$3,848,119$866,216$477,314$2,853,141
72$4,196,155$864,188$448,832$3,080,366
73$4,578,289$860,660$417,995$3,329,713
74$4,997,957$855,514$384,679$3,603,442
75$5,458,940$848,626$348,757$3,904,044
76$5,965,405$839,862$310,094$4,234,267
77$6,521,945$829,083$268,551$4,597,139
78$7,133,615$816,140$223,979$4,996,001
79$7,805,988$800,876$176,227$5,434,536
80$8,545,203$783,123$125,135$5,916,804
81$9,358,023$762,705$70,536$6,447,282
82$10,251,898$739,434$12,255$7,030,906
83$11,235,038$713,113$0$7,673,118
84$12,316,488$683,532$0$8,391,641
85$13,506,214$650,469$0$9,185,198
86$14,815,195$613,689$0$10,058,249
87$16,255,529$572,944$0$11,018,882
88$17,840,547$527,972$0$12,076,009
89$19,584,936$478,496$0$13,239,455
90$21,504,879$424,221$0$14,520,046
91$23,618,208$364,840$0$15,929,712
92$25,944,571$300,023$0$17,481,604
93$28,505,618$229,425$0$19,190,212
94$31,325,205$152,681$0$21,071,508
95$34,429,619$69,405$0$23,143,092
96$37,847,824$0$0$25,424,362
97$41,611,737$0$0$27,940,590
98$45,756,527$0$0$30,725,803
99$50,320,948$0$0$33,793,070
100$55,347,704$0$0$37,171,095