Can I retire at age 50 with 680,000?

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 $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%13.1%
1 years$56,154$55,654$55,166$54,689$54,224$53,524
2 years$27,799$27,281$26,779$26,293$25,821$25,117
3 years$18,349$17,829$17,328$16,846$16,382$15,696
4 years$13,624$13,106$12,610$12,137$11,684$11,020
5 years$10,790$10,275$9,786$9,322$8,882$8,243
6 years$8,902$8,390$7,909$7,455$7,028$6,415
7 years$7,553$7,046$6,572$6,129$5,716$5,128
8 years$6,542$6,040$5,574$5,142$4,742$4,180
9 years$5,757$5,259$4,801$4,379$3,993$3,457
10 years$5,128$4,635$4,185$3,775$3,402$2,892
11 years$4,615$4,127$3,685$3,286$2,926$2,440
12 years$4,187$3,704$3,270$2,882$2,536$2,074
13 years$3,825$3,347$2,922$2,544$2,211$1,773
14 years$3,515$3,043$2,625$2,258$1,938$1,523
15 years$3,247$2,779$2,370$2,014$1,707$1,314
16 years$3,013$2,550$2,149$1,803$1,508$1,137
17 years$2,806$2,348$1,955$1,620$1,337$987
18 years$2,622$2,170$1,785$1,460$1,189$858
19 years$2,459$2,011$1,634$1,320$1,060$748
20 years$2,311$1,869$1,500$1,195$947$654
21 years$2,178$1,741$1,379$1,085$847$572
22 years$2,057$1,625$1,271$986$759$501
23 years$1,947$1,520$1,174$898$682$439
24 years$1,846$1,424$1,086$819$613$385
25 years$1,753$1,336$1,005$748$551$339
26 years$1,668$1,256$933$684$497$298
27 years$1,589$1,182$866$626$448$262
28 years$1,516$1,114$805$574$404$231
29 years$1,448$1,051$749$526$365$203
30 years$1,384$992$698$483$330$179
31 years$1,325$938$651$443$298$158
32 years$1,270$888$607$407$270$139
33 years$1,218$841$567$375$244$123
34 years$1,169$797$530$345$221$108
35 years$1,123$756$495$317$200$96
36 years$1,080$717$463$292$181$84
37 years$1,039$681$433$269$164$75
38 years$1,001$647$406$248$149$66
39 years$964$616$380$229$135$58
40 years$930$586$356$211$123$51
41 years$897$558$334$195$111$45
42 years$866$531$314$180$101$40
43 years$836$506$294$166$92$35
44 years$808$482$276$153$83$31
45 years$781$460$259$141$75$28
46 years$755$439$244$131$68$24
47 years$731$419$229$121$62$22
48 years$708$400$215$112$56$19
49 years$685$382$202$103$51$17
50 years$664$365$190$95$47$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $680,000, adding $5,692 every year, while hoping to spend $54,077 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: 80/8/12 Blend
49$680,000$680,000$680,000$680,000
50$755,231$719,191$708,651$813,528
51$774,727$696,894$674,854$830,330
52$794,400$671,692$638,111$841,164
53$814,209$643,385$598,269$851,478
54$834,110$611,763$555,163$861,196
55$854,053$576,603$508,624$870,233
56$873,977$537,668$458,474$878,495
57$893,817$494,708$404,527$885,880
58$913,498$447,460$346,590$892,276
59$932,935$395,645$284,461$897,560
60$952,031$338,969$217,927$901,595
61$970,679$277,119$146,769$904,234
62$988,758$209,768$70,755$905,314
63$1,006,131$136,566$0$904,657
64$1,022,647$57,149$0$903,393
65$1,038,135$0$0$909,735
66$1,052,405$0$0$916,953
67$1,065,245$0$0$927,930
68$1,076,417$0$0$937,427
69$1,085,658$0$0$945,211
70$1,092,674$0$0$951,021
71$1,097,139$0$0$954,570
72$1,098,689$0$0$955,538
73$1,096,920$0$0$953,567
74$1,091,386$0$0$948,263
75$1,081,588$0$0$939,188
76$1,066,976$0$0$925,854
77$1,046,938$0$0$907,722
78$1,020,796$0$0$884,195
79$987,801$0$0$854,611
80$947,121$0$0$818,236
81$897,836$0$0$774,259
82$838,929$0$0$721,783
83$769,273$0$0$659,813
84$687,623$0$0$587,251
85$592,600$0$0$502,882
86$482,683$0$0$405,362
87$356,188$0$0$293,209
88$211,254$0$0$164,780
89$45,828$0$0$18,264
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0