Can I retire at age 50 with 683,000?

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 $683,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$56,402$55,899$55,409$54,931$54,463$52,573
2 years$27,922$27,402$26,898$26,409$25,935$24,050
3 years$18,429$17,907$17,404$16,920$16,454$14,634
4 years$13,684$13,164$12,666$12,190$11,735$9,993
5 years$10,838$10,320$9,829$9,363$8,921$7,262
6 years$8,941$8,427$7,944$7,488$7,059$5,484
7 years$7,587$7,077$6,601$6,156$5,741$4,250
8 years$6,571$6,067$5,598$5,164$4,762$3,355
9 years$5,782$5,282$4,822$4,399$4,011$2,684
10 years$5,151$4,656$4,204$3,792$3,417$2,170
11 years$4,635$4,145$3,701$3,300$2,939$1,768
12 years$4,205$3,720$3,284$2,895$2,547$1,450
13 years$3,842$3,362$2,934$2,555$2,221$1,195
14 years$3,531$3,056$2,637$2,268$1,947$988
15 years$3,261$2,792$2,381$2,023$1,714$820
16 years$3,026$2,561$2,158$1,811$1,515$683
17 years$2,818$2,359$1,964$1,628$1,343$569
18 years$2,634$2,180$1,793$1,467$1,194$476
19 years$2,469$2,020$1,641$1,325$1,065$398
20 years$2,321$1,877$1,506$1,200$951$334
21 years$2,188$1,749$1,385$1,089$851$280
22 years$2,066$1,632$1,277$991$763$235
23 years$1,955$1,527$1,179$902$685$197
24 years$1,854$1,430$1,090$823$615$166
25 years$1,761$1,342$1,010$751$554$139
26 years$1,675$1,261$937$687$499$117
27 years$1,596$1,187$870$629$450$99
28 years$1,522$1,119$809$576$406$83
29 years$1,454$1,055$752$528$366$70
30 years$1,390$997$701$485$331$59
31 years$1,331$942$653$445$299$50
32 years$1,275$892$610$409$271$42
33 years$1,223$844$569$376$245$35
34 years$1,174$800$532$346$222$30
35 years$1,128$759$497$319$201$25
36 years$1,085$720$465$294$182$21
37 years$1,044$684$435$271$165$18
38 years$1,005$650$408$249$150$15
39 years$968$618$382$230$136$13
40 years$934$588$358$212$123$11
41 years$901$560$336$196$112$9
42 years$870$533$315$181$101$8
43 years$840$508$296$167$92$6
44 years$812$484$277$154$83$5
45 years$785$462$260$142$76$5
46 years$759$441$245$131$69$4
47 years$734$420$230$121$62$3
48 years$711$401$216$112$57$3
49 years$688$383$203$104$52$2
50 years$667$366$191$96$47$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $683,000, adding $2,924 every year, while hoping to spend $36,826 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: 36/44/20 Blend
49$683,000$683,000$683,000$683,000
50$755,682$719,483$708,897$778,212
51$793,579$715,555$693,462$790,985
52$834,107$710,201$676,276$801,120
53$877,496$703,310$657,242$811,301
54$923,998$694,769$636,256$821,555
55$973,888$684,455$613,213$831,911
56$1,027,469$672,239$588,000$842,409
57$1,085,075$657,982$560,502$853,092
58$1,147,069$641,540$530,596$864,012
59$1,213,854$622,759$498,154$875,232
60$1,285,869$601,476$463,044$886,824
61$1,363,597$577,518$425,126$898,871
62$1,447,571$550,703$384,254$911,470
63$1,538,374$520,839$340,278$924,732
64$1,636,648$487,720$293,037$938,784
65$1,743,099$451,131$242,367$953,774
66$1,858,503$410,844$188,094$969,868
67$1,983,713$366,618$130,037$987,255
68$2,119,667$318,197$68,009$1,006,152
69$2,267,396$265,313$1,811$1,026,803
70$2,428,038$207,680$0$1,049,485
71$2,602,840$144,998$0$1,089,198
72$2,793,176$76,950$0$1,132,975
73$3,000,560$3,200$0$1,180,873
74$3,226,654$0$0$1,233,388
75$3,473,292$0$0$1,328,165
76$3,742,488$0$0$1,433,393
77$4,036,463$0$0$1,548,402
78$4,357,659$0$0$1,674,159
79$4,708,765$0$0$1,811,730
80$5,092,742$0$0$1,962,287
81$5,512,851$0$0$2,127,122
82$5,972,682$0$0$2,307,658
83$6,476,187$0$0$2,505,461
84$7,027,721$0$0$2,722,257
85$7,632,075$0$0$2,959,944
86$8,294,532$0$0$3,220,617
87$9,020,904$0$0$3,506,578
88$9,817,596$0$0$3,820,368
89$10,691,663$0$0$4,164,782
90$11,650,874$0$0$4,542,901
91$12,703,787$0$0$4,958,116
92$13,859,830$0$0$5,414,167
93$15,129,387$0$0$5,915,170
94$16,523,899$0$0$6,465,662
95$18,055,967$0$0$7,070,638
96$19,739,475$0$0$7,735,605
97$21,589,717$0$0$8,466,627
98$23,623,544$0$0$9,270,386
99$25,859,519$0$0$10,154,243
100$28,318,094$0$0$11,126,309