Can I retire at age 50 with 677,000?

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 $677,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$55,906$55,408$54,922$54,448$53,985$52,766
2 years$27,676$27,161$26,661$26,177$25,707$24,485
3 years$18,268$17,750$17,252$16,772$16,310$15,123
4 years$13,564$13,048$12,555$12,083$11,632$10,491
5 years$10,743$10,230$9,743$9,281$8,843$7,749
6 years$8,863$8,353$7,874$7,422$6,997$5,952
7 years$7,520$7,015$6,543$6,102$5,690$4,695
8 years$6,514$6,013$5,549$5,119$4,721$3,774
9 years$5,731$5,236$4,779$4,360$3,975$3,077
10 years$5,106$4,615$4,167$3,759$3,387$2,536
11 years$4,594$4,108$3,668$3,271$2,913$2,108
12 years$4,168$3,688$3,256$2,869$2,525$1,764
13 years$3,808$3,332$2,909$2,533$2,201$1,484
14 years$3,500$3,029$2,613$2,249$1,930$1,255
15 years$3,233$2,767$2,360$2,005$1,699$1,064
16 years$2,999$2,539$2,139$1,796$1,502$906
17 years$2,794$2,338$1,947$1,613$1,331$773
18 years$2,611$2,161$1,777$1,454$1,184$661
19 years$2,448$2,002$1,627$1,314$1,055$566
20 years$2,301$1,861$1,493$1,190$943$485
21 years$2,168$1,733$1,373$1,080$843$417
22 years$2,048$1,618$1,266$982$756$359
23 years$1,938$1,513$1,169$894$679$309
24 years$1,838$1,418$1,081$816$610$266
25 years$1,745$1,330$1,001$745$549$229
26 years$1,660$1,250$928$681$494$198
27 years$1,582$1,177$862$623$446$171
28 years$1,509$1,109$801$571$402$147
29 years$1,441$1,046$746$524$363$127
30 years$1,378$988$695$481$328$110
31 years$1,319$934$648$441$297$95
32 years$1,264$884$604$406$268$82
33 years$1,212$837$564$373$243$71
34 years$1,164$793$527$343$220$61
35 years$1,118$752$493$316$199$53
36 years$1,075$714$461$291$180$46
37 years$1,035$678$432$268$164$40
38 years$996$645$404$247$148$34
39 years$960$613$379$228$134$30
40 years$926$583$355$210$122$26
41 years$893$555$333$194$111$22
42 years$862$529$312$179$100$19
43 years$832$504$293$165$91$17
44 years$804$480$275$153$83$14
45 years$778$458$258$141$75$13
46 years$752$437$242$130$68$11
47 years$728$417$228$120$62$9
48 years$705$398$214$111$56$8
49 years$682$380$201$103$51$7
50 years$661$363$189$95$46$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $677,000, adding $3,665 every year, while hoping to spend $26,333 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: 75/6/19 Blend
49$677,000$677,000$677,000$677,000
50$749,834$713,953$703,460$802,485
51$798,299$720,919$699,008$844,834
52$850,825$727,343$693,524$887,650
53$907,798$733,172$686,946$933,891
54$969,644$738,348$679,208$983,893
55$1,036,829$742,808$670,243$1,038,025
56$1,109,867$746,488$659,978$1,096,693
57$1,189,325$749,317$648,339$1,160,346
58$1,275,825$751,222$635,247$1,229,479
59$1,370,051$752,124$620,620$1,304,635
60$1,472,757$751,939$604,371$1,386,416
61$1,584,772$750,578$586,412$1,475,485
62$1,707,010$747,946$566,647$1,572,570
63$1,840,474$743,945$544,979$1,678,478
64$1,986,271$738,467$521,304$1,794,096
65$2,145,618$731,400$495,516$1,920,401
66$2,319,857$722,624$467,501$2,058,472
67$2,510,462$712,012$437,142$2,209,499
68$2,719,059$699,431$404,317$2,374,792
69$2,947,439$684,738$368,897$2,555,795
70$3,197,570$667,783$330,747$2,754,103
71$3,471,624$648,406$289,729$2,971,471
72$3,771,990$626,439$245,696$3,209,835
73$4,101,301$601,702$198,494$3,471,330
74$4,462,455$574,007$147,966$3,758,309
75$4,858,647$543,154$93,943$4,073,365
76$5,293,391$508,931$36,253$4,419,359
77$5,770,563$471,115$0$4,799,442
78$6,294,431$429,470$0$5,222,221
79$6,869,693$383,744$0$5,694,572
80$7,501,529$333,675$0$6,213,401
81$8,195,643$278,983$0$6,783,404
82$8,958,319$219,373$0$7,409,756
83$9,796,479$154,535$0$8,098,159
84$10,717,751$84,137$0$8,854,896
85$11,730,536$7,835$0$9,686,889
86$12,844,092$0$0$10,601,766
87$14,068,617$0$0$11,612,865
88$15,415,349$0$0$12,725,471
89$16,896,667$0$0$13,949,298
90$18,526,211$0$0$15,295,619
91$20,319,010$0$0$16,776,854
92$22,291,623$0$0$18,406,690
93$24,462,296$0$0$20,200,204
94$26,851,130$0$0$22,174,012
95$29,480,275$0$0$24,346,420
96$32,374,140$0$0$26,737,599
97$35,559,615$0$0$29,369,776
98$39,066,332$0$0$32,267,441
99$42,926,944$0$0$35,457,578
100$47,177,427$0$0$38,969,924