Can I retire at age 50 with 680,000?

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 $680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$56,154$55,654$55,166$54,689$54,224$52,892
2 years$27,799$27,281$26,779$26,293$25,821$24,487
3 years$18,349$17,829$17,328$16,846$16,382$15,088
4 years$13,624$13,106$12,610$12,137$11,684$10,440
5 years$10,790$10,275$9,786$9,322$8,882$7,691
6 years$8,902$8,390$7,909$7,455$7,028$5,892
7 years$7,553$7,046$6,572$6,129$5,716$4,634
8 years$6,542$6,040$5,574$5,142$4,742$3,714
9 years$5,757$5,259$4,801$4,379$3,993$3,019
10 years$5,128$4,635$4,185$3,775$3,402$2,481
11 years$4,615$4,127$3,685$3,286$2,926$2,055
12 years$4,187$3,704$3,270$2,882$2,536$1,714
13 years$3,825$3,347$2,922$2,544$2,211$1,438
14 years$3,515$3,043$2,625$2,258$1,938$1,211
15 years$3,247$2,779$2,370$2,014$1,707$1,024
16 years$3,013$2,550$2,149$1,803$1,508$868
17 years$2,806$2,348$1,955$1,620$1,337$738
18 years$2,622$2,170$1,785$1,460$1,189$629
19 years$2,459$2,011$1,634$1,320$1,060$536
20 years$2,311$1,869$1,500$1,195$947$458
21 years$2,178$1,741$1,379$1,085$847$392
22 years$2,057$1,625$1,271$986$759$336
23 years$1,947$1,520$1,174$898$682$288
24 years$1,846$1,424$1,086$819$613$247
25 years$1,753$1,336$1,005$748$551$212
26 years$1,668$1,256$933$684$497$182
27 years$1,589$1,182$866$626$448$157
28 years$1,516$1,114$805$574$404$135
29 years$1,448$1,051$749$526$365$116
30 years$1,384$992$698$483$330$100
31 years$1,325$938$651$443$298$86
32 years$1,270$888$607$407$270$74
33 years$1,218$841$567$375$244$64
34 years$1,169$797$530$345$221$55
35 years$1,123$756$495$317$200$47
36 years$1,080$717$463$292$181$41
37 years$1,039$681$433$269$164$35
38 years$1,001$647$406$248$149$30
39 years$964$616$380$229$135$26
40 years$930$586$356$211$123$22
41 years$897$558$334$195$111$19
42 years$866$531$314$180$101$17
43 years$836$506$294$166$92$14
44 years$808$482$276$153$83$12
45 years$781$460$259$141$75$11
46 years$755$439$244$131$68$9
47 years$731$419$229$121$62$8
48 years$708$400$215$112$56$7
49 years$685$382$202$103$51$6
50 years$664$365$190$95$47$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $680,000, adding $4,920 every year, while hoping to spend $43,263 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: 65/14/21 Blend
49$680,000$680,000$680,000$680,000
50$754,435$718,395$707,855$799,128
51$785,356$707,565$685,537$818,940
52$817,981$694,754$661,021$835,224
53$852,438$679,820$634,188$852,008
54$888,866$662,611$604,913$869,345
55$927,419$642,968$573,066$887,291
56$968,263$620,720$538,511$905,912
57$1,011,580$595,690$501,105$925,282
58$1,057,569$567,686$460,700$945,481
59$1,106,446$536,508$417,139$966,604
60$1,158,452$501,945$370,261$988,754
61$1,213,844$463,771$319,895$1,012,048
62$1,272,910$421,749$265,865$1,036,618
63$1,335,961$375,628$207,985$1,062,609
64$1,403,339$325,144$146,063$1,090,188
65$1,475,419$270,017$79,896$1,119,536
66$1,552,614$209,949$9,275$1,150,862
67$1,635,373$144,630$0$1,184,393
68$1,724,193$73,728$0$1,235,195
69$1,819,615$0$0$1,291,926
70$1,922,236$0$0$1,353,357
71$2,032,711$0$0$1,431,748
72$2,151,758$0$0$1,516,257
73$2,280,167$0$0$1,607,447
74$2,418,804$0$0$1,705,939
75$2,568,624$0$0$1,812,415
76$2,730,673$0$0$1,927,625
77$2,906,103$0$0$2,052,392
78$3,096,178$0$0$2,187,622
79$3,302,292$0$0$2,334,311
80$3,525,973$0$0$2,493,553
81$3,768,906$0$0$2,666,555
82$4,032,942$0$0$2,854,641
83$4,320,116$0$0$3,059,268
84$4,632,671$0$0$3,282,041
85$4,973,071$0$0$3,524,725
86$5,344,030$0$0$3,789,262
87$5,748,533$0$0$4,077,789
88$6,189,867$0$0$4,392,661
89$6,671,649$0$0$4,736,465
90$7,197,861$0$0$5,112,054
91$7,772,887$0$0$5,522,566
92$8,401,551$0$0$5,971,456
93$9,089,168$0$0$6,462,529
94$9,841,588$0$0$6,999,974
95$10,665,252$0$0$7,588,403
96$11,567,254$0$0$8,232,897
97$12,555,406$0$0$8,939,050
98$13,638,311$0$0$9,713,021
99$14,825,443$0$0$10,561,597
100$16,127,237$0$0$11,492,249