Can I retire at age 50 with 678,000?

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 $678,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$55,989$55,490$55,003$54,528$54,065$53,411
2 years$27,717$27,201$26,701$26,216$25,745$25,087
3 years$18,295$17,776$17,277$16,797$16,334$15,692
4 years$13,584$13,067$12,573$12,101$11,649$11,029
5 years$10,759$10,245$9,757$9,295$8,856$8,259
6 years$8,876$8,366$7,885$7,433$7,007$6,434
7 years$7,531$7,026$6,553$6,111$5,699$5,149
8 years$6,523$6,022$5,557$5,126$4,728$4,202
9 years$5,740$5,243$4,787$4,367$3,981$3,479
10 years$5,113$4,622$4,173$3,764$3,392$2,914
11 years$4,601$4,115$3,674$3,276$2,917$2,462
12 years$4,174$3,693$3,260$2,873$2,528$2,095
13 years$3,814$3,337$2,913$2,537$2,205$1,793
14 years$3,505$3,034$2,617$2,252$1,933$1,543
15 years$3,238$2,771$2,363$2,008$1,702$1,332
16 years$3,004$2,543$2,142$1,798$1,504$1,155
17 years$2,798$2,342$1,950$1,616$1,333$1,003
18 years$2,615$2,164$1,780$1,456$1,186$874
19 years$2,451$2,005$1,629$1,316$1,057$763
20 years$2,304$1,863$1,495$1,192$944$668
21 years$2,172$1,736$1,375$1,081$845$585
22 years$2,051$1,620$1,268$983$757$513
23 years$1,941$1,515$1,170$895$680$451
24 years$1,840$1,420$1,082$817$611$396
25 years$1,748$1,332$1,003$746$550$349
26 years$1,663$1,252$930$682$495$307
27 years$1,584$1,179$863$624$446$271
28 years$1,511$1,111$803$572$403$239
29 years$1,443$1,048$747$524$364$210
30 years$1,380$989$696$481$329$186
31 years$1,321$935$649$442$297$164
32 years$1,266$885$605$406$269$145
33 years$1,214$838$565$374$243$128
34 years$1,166$794$528$344$220$113
35 years$1,120$753$494$316$199$100
36 years$1,077$715$462$291$181$88
37 years$1,036$679$432$269$164$78
38 years$998$645$405$248$149$69
39 years$961$614$379$228$135$61
40 years$927$584$355$210$122$54
41 years$894$556$333$194$111$48
42 years$863$529$313$179$101$42
43 years$834$504$293$165$91$38
44 years$806$481$275$153$83$33
45 years$779$458$259$141$75$29
46 years$753$437$243$130$68$26
47 years$729$417$228$120$62$23
48 years$706$398$214$111$56$20
49 years$683$381$202$103$51$18
50 years$662$363$189$95$46$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $678,000, adding $2,630 every year, while hoping to spend $32,035 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: 44/34/22 Blend
49$678,000$678,000$678,000$678,000
50$749,869$713,935$703,426$777,979
51$792,270$714,833$692,906$799,003
52$837,923$714,701$680,959$818,450
53$887,125$713,455$667,505$838,880
54$940,204$711,006$652,458$860,400
55$997,518$707,258$635,729$883,132
56$1,059,462$702,111$617,223$907,208
57$1,126,471$695,459$596,844$932,779
58$1,199,021$687,187$574,489$960,013
59$1,277,638$677,175$550,051$989,098
60$1,362,898$665,297$523,418$1,020,241
61$1,455,434$651,418$494,473$1,053,677
62$1,555,946$635,395$463,095$1,089,665
63$1,665,199$617,076$429,156$1,128,493
64$1,784,038$596,302$392,522$1,170,484
65$1,913,393$572,903$353,053$1,215,997
66$2,054,283$546,700$310,605$1,265,429
67$2,207,835$517,503$265,026$1,319,225
68$2,375,286$485,112$216,156$1,377,876
69$2,557,998$449,315$163,829$1,441,929
70$2,757,470$409,888$107,874$1,511,994
71$2,975,352$366,593$48,108$1,588,744
72$3,213,463$319,180$0$1,672,928
73$3,473,801$267,385$0$1,769,056
74$3,758,569$210,927$0$1,886,662
75$4,070,192$149,512$0$2,015,510
76$4,411,341$82,828$0$2,156,785
77$4,784,956$10,544$0$2,311,793
78$5,194,275$0$0$2,481,981
79$5,642,864$0$0$2,694,270
80$6,134,650$0$0$2,931,409
81$6,673,959$0$0$3,191,550
82$7,265,556$0$0$3,477,001
83$7,914,687$0$0$3,790,305
84$8,627,132$0$0$4,134,264
85$9,409,260$0$0$4,511,962
86$10,268,082$0$0$4,926,801
87$11,211,325$0$0$5,382,523
88$12,247,500$0$0$5,883,254
89$13,385,982$0$0$6,433,539
90$14,637,101$0$0$7,038,384
91$16,012,234$0$0$7,703,305
92$17,523,919$0$0$8,434,378
93$19,185,966$0$0$9,238,299
94$21,013,593$0$0$10,122,444
95$23,023,563$0$0$11,094,940
96$25,234,347$0$0$12,164,740
97$27,666,296$0$0$13,341,710
98$30,341,833$0$0$14,636,721
99$33,285,662$0$0$16,061,749
100$36,525,003$0$0$17,629,990