Can I retire at age 50 with 679,000?

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 $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%13.9%
1 years$56,071$55,572$55,084$54,609$54,144$53,269
2 years$27,758$27,241$26,740$26,254$25,783$24,904
3 years$18,322$17,802$17,303$16,821$16,358$15,502
4 years$13,604$13,087$12,592$12,119$11,667$10,840
5 years$10,775$10,260$9,772$9,308$8,869$8,075
6 years$8,889$8,378$7,897$7,444$7,018$6,257
7 years$7,542$7,036$6,562$6,120$5,707$4,980
8 years$6,533$6,031$5,566$5,134$4,735$4,040
9 years$5,748$5,251$4,794$4,373$3,987$3,326
10 years$5,121$4,629$4,179$3,770$3,397$2,768
11 years$4,608$4,121$3,679$3,281$2,922$2,324
12 years$4,181$3,698$3,265$2,878$2,532$1,965
13 years$3,819$3,342$2,917$2,541$2,208$1,671
14 years$3,510$3,038$2,621$2,255$1,935$1,428
15 years$3,242$2,775$2,367$2,011$1,704$1,225
16 years$3,008$2,546$2,146$1,801$1,506$1,054
17 years$2,802$2,345$1,952$1,618$1,335$910
18 years$2,619$2,167$1,782$1,458$1,187$787
19 years$2,455$2,008$1,632$1,318$1,058$682
20 years$2,308$1,866$1,497$1,193$945$592
21 years$2,175$1,738$1,377$1,083$846$515
22 years$2,054$1,623$1,269$985$758$448
23 years$1,944$1,518$1,172$897$681$391
24 years$1,843$1,422$1,084$818$612$341
25 years$1,751$1,334$1,004$747$551$298
26 years$1,665$1,254$931$683$496$260
27 years$1,586$1,180$865$625$447$227
28 years$1,513$1,112$804$573$403$199
29 years$1,445$1,049$748$525$364$174
30 years$1,382$991$697$482$329$152
31 years$1,323$937$650$443$298$133
32 years$1,268$886$606$407$269$117
33 years$1,216$839$566$374$244$102
34 years$1,167$795$529$344$221$90
35 years$1,122$755$494$317$200$79
36 years$1,078$716$462$292$181$69
37 years$1,038$680$433$269$164$60
38 years$999$646$405$248$149$53
39 years$963$615$380$229$135$47
40 years$928$585$356$211$122$41
41 years$896$557$334$194$111$36
42 years$864$530$313$179$101$31
43 years$835$505$294$166$91$28
44 years$807$482$276$153$83$24
45 years$780$459$259$141$75$21
46 years$754$438$243$131$68$19
47 years$730$418$228$121$62$16
48 years$707$399$215$111$56$14
49 years$684$381$202$103$51$13
50 years$663$364$190$95$47$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $679,000, adding $4,620 every year, while hoping to spend $26,914 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: 47/35/18 Blend
49$679,000$679,000$679,000$679,000
50$753,024$717,037$706,512$784,374
51$801,196$723,535$701,544$813,162
52$853,379$729,450$695,507$841,303
53$909,955$734,724$688,338$871,275
54$971,342$739,297$679,969$903,260
55$1,038,000$743,104$670,329$937,460
56$1,110,437$746,076$659,345$974,098
57$1,189,208$748,141$646,940$1,013,422
58$1,274,928$749,220$633,033$1,055,706
59$1,368,270$749,232$617,540$1,101,253
60$1,469,977$748,088$600,371$1,150,400
61$1,580,866$745,695$581,434$1,203,517
62$1,701,835$741,955$560,633$1,261,017
63$1,833,875$736,763$537,867$1,323,354
64$1,978,073$730,008$513,029$1,391,032
65$2,135,630$721,572$486,009$1,464,610
66$2,307,866$711,330$456,691$1,544,702
67$2,496,233$699,150$424,955$1,631,991
68$2,702,331$684,891$390,674$1,727,231
69$2,927,924$668,406$353,716$1,831,255
70$3,174,950$649,536$313,944$1,944,985
71$3,445,548$628,115$271,213$2,069,440
72$3,742,068$603,968$225,374$2,205,746
73$4,067,104$576,907$176,269$2,355,148
74$4,423,509$546,736$123,734$2,519,021
75$4,814,426$513,245$67,598$2,698,884
76$5,243,318$476,215$7,683$2,896,418
77$5,713,998$435,411$0$3,113,477
78$6,230,667$390,588$0$3,362,914
79$6,797,953$341,484$0$3,638,466
80$7,420,952$287,824$0$3,941,194
81$8,105,280$229,318$0$4,273,899
82$8,857,121$165,658$0$4,639,672
83$9,683,292$96,519$0$5,041,924
84$10,591,298$21,559$0$5,484,415
85$11,589,411$0$0$5,971,297
86$12,686,741$0$0$6,530,097
87$13,893,329$0$0$7,153,750
88$15,220,234$0$0$7,839,679
89$16,679,641$0$0$8,594,194
90$18,284,976$0$0$9,424,249
91$20,051,032$0$0$10,337,502
92$21,994,107$0$0$11,342,395
93$24,132,159$0$0$12,448,226
94$26,484,973$0$0$13,665,243
95$29,074,351$0$0$15,004,736
96$31,924,315$0$0$16,479,144
97$35,061,333$0$0$18,102,176
98$38,514,571$0$0$19,888,935
99$42,316,164$0$0$21,856,063
100$46,501,521$0$0$24,021,901