Can I retire at age 50 with 676,000?

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 $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%16.1%
1 years$55,823$55,326$54,841$54,368$53,905$52,559
2 years$27,635$27,121$26,622$26,138$25,669$24,322
3 years$18,241$17,724$17,226$16,747$16,286$14,979
4 years$13,544$13,029$12,536$12,065$11,615$10,359
5 years$10,727$10,215$9,729$9,267$8,830$7,628
6 years$8,849$8,341$7,862$7,411$6,987$5,840
7 years$7,509$7,005$6,533$6,093$5,682$4,591
8 years$6,504$6,004$5,541$5,111$4,714$3,677
9 years$5,723$5,228$4,772$4,354$3,970$2,987
10 years$5,098$4,608$4,161$3,753$3,382$2,453
11 years$4,587$4,102$3,663$3,266$2,909$2,031
12 years$4,162$3,682$3,251$2,865$2,521$1,693
13 years$3,803$3,328$2,904$2,529$2,198$1,419
14 years$3,495$3,025$2,610$2,245$1,927$1,194
15 years$3,228$2,763$2,356$2,002$1,697$1,009
16 years$2,995$2,535$2,136$1,793$1,499$855
17 years$2,789$2,335$1,944$1,611$1,330$726
18 years$2,607$2,157$1,774$1,452$1,182$618
19 years$2,444$1,999$1,624$1,312$1,054$527
20 years$2,298$1,858$1,491$1,188$941$450
21 years$2,165$1,731$1,371$1,078$842$385
22 years$2,045$1,615$1,264$980$755$329
23 years$1,935$1,511$1,167$893$678$282
24 years$1,835$1,416$1,079$814$609$242
25 years$1,743$1,328$1,000$744$548$208
26 years$1,658$1,249$927$680$494$178
27 years$1,579$1,175$861$622$445$153
28 years$1,507$1,107$800$570$402$131
29 years$1,439$1,045$745$523$363$113
30 years$1,376$986$694$480$328$97
31 years$1,317$933$647$441$296$84
32 years$1,262$882$603$405$268$72
33 years$1,211$836$563$373$243$62
34 years$1,162$792$526$343$220$53
35 years$1,117$751$492$316$199$46
36 years$1,074$713$460$291$180$39
37 years$1,033$677$431$268$163$34
38 years$995$644$404$247$148$29
39 years$959$612$378$228$134$25
40 years$924$582$354$210$122$22
41 years$892$554$332$194$110$19
42 years$861$528$312$179$100$16
43 years$831$503$292$165$91$14
44 years$803$479$275$152$83$12
45 years$776$457$258$141$75$10
46 years$751$436$242$130$68$9
47 years$727$416$227$120$62$8
48 years$703$397$214$111$56$7
49 years$681$379$201$103$51$6
50 years$660$362$189$95$46$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $676,000, adding $3,736 every year, while hoping to spend $41,819 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: 60/26/14 Blend
49$676,000$676,000$676,000$676,000
50$748,806$712,978$702,500$790,910
51$780,689$703,418$681,538$810,152
52$814,422$691,989$658,473$826,113
53$850,151$678,554$633,190$842,527
54$888,033$662,970$605,568$859,445
55$928,240$645,083$575,482$876,920
56$970,962$624,734$542,802$895,013
57$1,016,405$601,750$507,391$913,797
58$1,064,794$575,952$469,105$933,349
59$1,116,378$547,149$427,795$953,760
60$1,171,427$515,138$383,304$975,132
61$1,230,239$479,705$335,471$997,579
62$1,293,137$440,625$284,124$1,021,230
63$1,360,480$397,659$229,085$1,046,230
64$1,432,659$350,554$170,169$1,072,742
65$1,510,102$299,043$107,181$1,100,950
66$1,593,281$242,844$39,920$1,131,058
67$1,682,712$181,660$0$1,163,297
68$1,778,963$115,176$0$1,202,683
69$1,882,657$43,059$0$1,251,420
70$1,994,478$0$0$1,303,893
71$2,115,178$0$0$1,370,525
72$2,245,584$0$0$1,455,866
73$2,386,602$0$0$1,548,196
74$2,539,232$0$0$1,648,176
75$2,704,569$0$0$1,756,528
76$2,883,820$0$0$1,874,049
77$3,078,312$0$0$2,001,616
78$3,289,503$0$0$2,140,192
79$3,518,997$0$0$2,290,836
80$3,768,559$0$0$2,454,715
81$4,040,131$0$0$2,633,111
82$4,335,850$0$0$2,827,436
83$4,658,066$0$0$3,039,244
84$5,009,367$0$0$3,270,243
85$5,392,601$0$0$3,522,315
86$5,810,901$0$0$3,797,532
87$6,267,717$0$0$4,098,173
88$6,766,848$0$0$4,426,748
89$7,312,475$0$0$4,786,021
90$7,909,202$0$0$5,179,033
91$8,562,096$0$0$5,609,135
92$9,276,739$0$0$6,080,016
93$10,059,277$0$0$6,595,736
94$10,916,478$0$0$7,160,771
95$11,855,795$0$0$7,780,045
96$12,885,436$0$0$8,458,985
97$14,014,442$0$0$9,203,566
98$15,252,768$0$0$10,020,370
99$16,611,383$0$0$10,916,646
100$18,102,366$0$0$11,900,380