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%18.5%
1 years$55,823$55,326$54,841$54,368$53,905$52,055
2 years$27,635$27,121$26,622$26,138$25,669$23,824
3 years$18,241$17,724$17,226$16,747$16,286$14,503
4 years$13,544$13,029$12,536$12,065$11,615$9,909
5 years$10,727$10,215$9,729$9,267$8,830$7,205
6 years$8,849$8,341$7,862$7,411$6,987$5,444
7 years$7,509$7,005$6,533$6,093$5,682$4,222
8 years$6,504$6,004$5,541$5,111$4,714$3,334
9 years$5,723$5,228$4,772$4,354$3,970$2,669
10 years$5,098$4,608$4,161$3,753$3,382$2,159
11 years$4,587$4,102$3,663$3,266$2,909$1,761
12 years$4,162$3,682$3,251$2,865$2,521$1,444
13 years$3,803$3,328$2,904$2,529$2,198$1,191
14 years$3,495$3,025$2,610$2,245$1,927$986
15 years$3,228$2,763$2,356$2,002$1,697$819
16 years$2,995$2,535$2,136$1,793$1,499$682
17 years$2,789$2,335$1,944$1,611$1,330$569
18 years$2,607$2,157$1,774$1,452$1,182$476
19 years$2,444$1,999$1,624$1,312$1,054$399
20 years$2,298$1,858$1,491$1,188$941$334
21 years$2,165$1,731$1,371$1,078$842$281
22 years$2,045$1,615$1,264$980$755$236
23 years$1,935$1,511$1,167$893$678$198
24 years$1,835$1,416$1,079$814$609$167
25 years$1,743$1,328$1,000$744$548$140
26 years$1,658$1,249$927$680$494$118
27 years$1,579$1,175$861$622$445$99
28 years$1,507$1,107$800$570$402$84
29 years$1,439$1,045$745$523$363$71
30 years$1,376$986$694$480$328$60
31 years$1,317$933$647$441$296$50
32 years$1,262$882$603$405$268$42
33 years$1,211$836$563$373$243$36
34 years$1,162$792$526$343$220$30
35 years$1,117$751$492$316$199$25
36 years$1,074$713$460$291$180$21
37 years$1,033$677$431$268$163$18
38 years$995$644$404$247$148$15
39 years$959$612$378$228$134$13
40 years$924$582$354$210$122$11
41 years$892$554$332$194$110$9
42 years$861$528$312$179$100$8
43 years$831$503$292$165$91$7
44 years$803$479$275$152$83$5
45 years$776$457$258$141$75$5
46 years$751$436$242$130$68$4
47 years$727$416$227$120$62$3
48 years$703$397$214$111$56$3
49 years$681$379$201$103$51$2
50 years$660$362$189$95$46$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $676,000, adding $5,011 every year, while hoping to spend $49,130 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: 72/20/8 Blend
49$676,000$676,000$676,000$676,000
50$750,121$714,293$703,815$802,782
51$774,359$697,019$675,119$820,952
52$799,423$677,253$643,815$834,245
53$825,345$654,819$609,763$847,437
54$852,160$629,534$572,819$860,504
55$879,902$601,203$532,831$873,421
56$908,609$569,619$489,638$886,161
57$938,322$534,566$443,076$898,698
58$969,082$495,811$392,970$911,001
59$1,000,934$453,111$339,140$923,040
60$1,033,925$406,209$281,396$934,783
61$1,068,103$354,831$219,542$946,196
62$1,103,523$298,691$153,369$957,243
63$1,140,239$237,484$82,664$967,887
64$1,178,312$170,888$7,201$978,089
65$1,217,803$98,565$0$987,809
66$1,258,780$20,157$0$1,003,265
67$1,301,316$0$0$1,019,217
68$1,345,485$0$0$1,049,267
69$1,391,369$0$0$1,085,098
70$1,439,057$0$0$1,122,340
71$1,488,640$0$0$1,161,068
72$1,540,218$0$0$1,201,360
73$1,593,900$0$0$1,243,301
74$1,649,799$0$0$1,286,981
75$1,708,039$0$0$1,332,497
76$1,768,754$0$0$1,379,954
77$1,832,086$0$0$1,429,466
78$1,898,190$0$0$1,481,154
79$1,967,232$0$0$1,535,149
80$2,039,393$0$0$1,591,594
81$2,114,867$0$0$1,650,641
82$2,193,863$0$0$1,712,458
83$2,276,611$0$0$1,777,224
84$2,363,356$0$0$1,845,133
85$2,454,367$0$0$1,916,399
86$2,549,935$0$0$1,991,250
87$2,650,375$0$0$2,069,936
88$2,756,031$0$0$2,152,729
89$2,867,277$0$0$2,239,924
90$2,984,518$0$0$2,331,843
91$3,108,199$0$0$2,428,836
92$3,238,802$0$0$2,531,285
93$3,376,854$0$0$2,639,608
94$3,522,929$0$0$2,754,259
95$3,677,656$0$0$2,875,735
96$3,841,719$0$0$3,004,578
97$4,015,869$0$0$3,141,382
98$4,200,924$0$0$3,286,795
99$4,397,781$0$0$3,441,528
100$4,607,421$0$0$3,606,358