Can I retire at age 50 with 679,000?

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 $679,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$56,071$55,572$55,084$54,609$54,144$53,916
2 years$27,758$27,241$26,740$26,254$25,783$25,553
3 years$18,322$17,802$17,303$16,821$16,358$16,132
4 years$13,604$13,087$12,592$12,119$11,667$11,448
5 years$10,775$10,260$9,772$9,308$8,869$8,657
6 years$8,889$8,378$7,897$7,444$7,018$6,814
7 years$7,542$7,036$6,562$6,120$5,707$5,511
8 years$6,533$6,031$5,566$5,134$4,735$4,546
9 years$5,748$5,251$4,794$4,373$3,987$3,807
10 years$5,121$4,629$4,179$3,770$3,397$3,224
11 years$4,608$4,121$3,679$3,281$2,922$2,756
12 years$4,181$3,698$3,265$2,878$2,532$2,374
13 years$3,819$3,342$2,917$2,541$2,208$2,057
14 years$3,510$3,038$2,621$2,255$1,935$1,792
15 years$3,242$2,775$2,367$2,011$1,704$1,567
16 years$3,008$2,546$2,146$1,801$1,506$1,376
17 years$2,802$2,345$1,952$1,618$1,335$1,212
18 years$2,619$2,167$1,782$1,458$1,187$1,070
19 years$2,455$2,008$1,632$1,318$1,058$947
20 years$2,308$1,866$1,497$1,193$945$840
21 years$2,175$1,738$1,377$1,083$846$746
22 years$2,054$1,623$1,269$985$758$664
23 years$1,944$1,518$1,172$897$681$592
24 years$1,843$1,422$1,084$818$612$528
25 years$1,751$1,334$1,004$747$551$471
26 years$1,665$1,254$931$683$496$421
27 years$1,586$1,180$865$625$447$377
28 years$1,513$1,112$804$573$403$337
29 years$1,445$1,049$748$525$364$302
30 years$1,382$991$697$482$329$271
31 years$1,323$937$650$443$298$243
32 years$1,268$886$606$407$269$218
33 years$1,216$839$566$374$244$196
34 years$1,167$795$529$344$221$176
35 years$1,122$755$494$317$200$158
36 years$1,078$716$462$292$181$142
37 years$1,038$680$433$269$164$127
38 years$999$646$405$248$149$115
39 years$963$615$380$229$135$103
40 years$928$585$356$211$122$93
41 years$896$557$334$194$111$83
42 years$864$530$313$179$101$75
43 years$835$505$294$166$91$67
44 years$807$482$276$153$83$61
45 years$780$459$259$141$75$55
46 years$754$438$243$131$68$49
47 years$730$418$228$121$62$44
48 years$707$399$215$111$56$40
49 years$684$381$202$103$51$36
50 years$663$364$190$95$47$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $679,000, adding $2,924 every year, while hoping to spend $20,765 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: 49/40/11 Blend
49$679,000$679,000$679,000$679,000
50$751,274$715,287$704,763$785,707
51$805,810$728,242$706,278$822,604
52$865,213$741,136$707,149$860,241
53$929,957$753,945$707,331$900,649
54$1,000,565$766,640$706,778$944,094
55$1,077,610$779,193$705,443$990,868
56$1,161,727$791,574$703,276$1,041,296
57$1,253,611$803,748$700,223$1,095,732
58$1,354,028$815,681$696,230$1,154,570
59$1,463,823$827,334$691,238$1,218,243
60$1,583,926$838,666$685,187$1,287,228
61$1,715,359$849,633$678,013$1,362,053
62$1,859,249$860,189$669,650$1,443,299
63$2,016,837$870,283$660,028$1,531,606
64$2,189,489$879,861$649,074$1,627,683
65$2,378,710$888,868$636,711$1,732,308
66$2,586,158$897,241$622,860$1,846,343
67$2,813,657$904,917$607,437$1,970,737
68$3,063,217$911,825$590,353$2,106,535
69$3,337,054$917,893$571,519$2,254,892
70$3,637,606$923,042$550,837$2,417,083
71$3,967,559$927,189$528,208$2,594,510
72$4,329,874$930,245$503,526$2,788,724
73$4,727,810$932,116$476,683$3,001,433
74$5,164,958$932,701$447,564$3,234,520
75$5,645,275$931,895$416,049$3,490,065
76$6,173,120$929,584$382,013$3,770,359
77$6,753,294$925,649$345,325$4,077,930
78$7,391,086$919,963$305,850$4,415,565
79$8,092,326$912,390$263,445$4,786,340
80$8,863,433$902,787$217,961$5,193,644
81$9,711,483$891,003$169,242$5,641,216
82$10,644,269$876,877$117,126$6,133,179
83$11,670,379$860,239$61,445$6,674,080
84$12,799,274$840,907$2,020$7,268,931
85$14,041,381$818,692$0$7,923,262
86$15,408,184$793,391$0$8,650,374
87$16,912,341$764,789$0$9,450,503
88$18,567,796$732,660$0$10,330,849
89$20,389,915$696,764$0$11,299,606
90$22,395,628$656,847$0$12,365,811
91$24,603,592$612,642$0$13,539,424
92$27,034,361$563,865$0$14,831,427
93$29,710,587$510,215$0$16,253,924
94$32,657,228$451,377$0$17,820,259
95$35,901,785$387,014$0$19,545,141
96$39,474,562$316,773$0$21,444,787
97$43,408,954$240,281$0$23,537,069
98$47,741,754$157,142$0$25,841,693
99$52,513,511$66,940$0$28,380,376
100$57,768,902$0$0$31,177,060