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%12.6%
1 years$55,906$55,408$54,922$54,448$53,985$53,399
2 years$27,676$27,161$26,661$26,177$25,707$25,117
3 years$18,268$17,750$17,252$16,772$16,310$15,734
4 years$13,564$13,048$12,555$12,083$11,632$11,075
5 years$10,743$10,230$9,743$9,281$8,843$8,306
6 years$8,863$8,353$7,874$7,422$6,997$6,481
7 years$7,520$7,015$6,543$6,102$5,690$5,196
8 years$6,514$6,013$5,549$5,119$4,721$4,247
9 years$5,731$5,236$4,779$4,360$3,975$3,523
10 years$5,106$4,615$4,167$3,759$3,387$2,956
11 years$4,594$4,108$3,668$3,271$2,913$2,502
12 years$4,168$3,688$3,256$2,869$2,525$2,133
13 years$3,808$3,332$2,909$2,533$2,201$1,830
14 years$3,500$3,029$2,613$2,249$1,930$1,577
15 years$3,233$2,767$2,360$2,005$1,699$1,365
16 years$2,999$2,539$2,139$1,796$1,502$1,185
17 years$2,794$2,338$1,947$1,613$1,331$1,032
18 years$2,611$2,161$1,777$1,454$1,184$901
19 years$2,448$2,002$1,627$1,314$1,055$788
20 years$2,301$1,861$1,493$1,190$943$691
21 years$2,168$1,733$1,373$1,080$843$607
22 years$2,048$1,618$1,266$982$756$534
23 years$1,938$1,513$1,169$894$679$470
24 years$1,838$1,418$1,081$816$610$414
25 years$1,745$1,330$1,001$745$549$365
26 years$1,660$1,250$928$681$494$322
27 years$1,582$1,177$862$623$446$285
28 years$1,509$1,109$801$571$402$252
29 years$1,441$1,046$746$524$363$223
30 years$1,378$988$695$481$328$197
31 years$1,319$934$648$441$297$174
32 years$1,264$884$604$406$268$154
33 years$1,212$837$564$373$243$137
34 years$1,164$793$527$343$220$121
35 years$1,118$752$493$316$199$107
36 years$1,075$714$461$291$180$95
37 years$1,035$678$432$268$164$84
38 years$996$645$404$247$148$75
39 years$960$613$379$228$134$66
40 years$926$583$355$210$122$59
41 years$893$555$333$194$111$52
42 years$862$529$312$179$100$46
43 years$832$504$293$165$91$41
44 years$804$480$275$153$83$37
45 years$778$458$258$141$75$32
46 years$752$437$242$130$68$29
47 years$728$417$228$120$62$26
48 years$705$398$214$111$56$23
49 years$682$380$201$103$51$20
50 years$661$363$189$95$46$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $677,000, adding $3,149 every year, while hoping to spend $29,547 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: 86/5/9 Blend
49$677,000$677,000$677,000$677,000
50$749,302$713,421$702,928$812,628
51$794,293$716,941$695,038$857,950
52$842,883$719,643$685,894$903,383
53$895,408$721,456$675,422$952,377
54$952,236$722,304$663,545$1,005,273
55$1,013,774$722,107$650,184$1,062,442
56$1,080,468$720,779$635,254$1,124,295
57$1,152,808$718,230$618,667$1,191,284
58$1,231,334$714,363$600,332$1,263,908
59$1,316,639$709,076$580,152$1,342,714
60$1,409,376$702,260$558,028$1,428,306
61$1,510,264$693,802$533,852$1,521,348
62$1,620,091$683,579$507,517$1,622,574
63$1,739,728$671,462$478,906$1,732,789
64$1,870,131$657,314$447,901$1,852,883
65$2,012,353$640,992$414,374$1,983,833
66$2,167,554$622,340$378,196$2,126,718
67$2,337,007$601,198$339,228$2,282,726
68$2,522,119$577,393$297,329$2,453,166
69$2,724,433$550,744$252,349$2,639,479
70$2,945,654$521,059$204,130$2,843,253
71$3,187,654$488,134$152,512$3,066,239
72$3,452,496$451,754$97,323$3,310,365
73$3,742,453$411,692$38,385$3,577,757
74$4,060,026$367,708$0$3,870,755
75$4,407,970$319,548$0$4,194,293
76$4,789,321$266,943$0$4,552,948
77$5,207,419$209,611$0$4,946,181
78$5,665,945$147,251$0$5,377,465
79$6,168,952$79,547$0$5,850,624
80$6,720,907$6,166$0$6,369,874
81$7,326,726$0$0$6,939,857
82$7,991,828$0$0$7,569,717
83$8,722,181$0$0$8,261,751
84$9,524,358$0$0$9,021,851
85$10,405,601$0$0$9,856,878
86$11,373,888$0$0$10,774,395
87$12,438,009$0$0$11,782,730
88$13,607,645$0$0$12,891,059
89$14,893,464$0$0$14,109,493
90$16,307,219$0$0$15,449,168
91$17,861,857$0$0$16,922,357
92$19,571,645$0$0$18,542,578
93$21,452,299$0$0$20,324,727
94$23,521,137$0$0$22,285,215
95$25,797,238$0$0$24,442,125
96$28,301,626$0$0$26,815,381
97$31,057,462$0$0$29,426,933
98$34,090,270$0$0$32,300,970
99$37,428,170$0$0$35,464,142
100$41,102,147$0$0$38,945,814