Can I retire at age 50 with 683,000?

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 $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%15.6%
1 years$56,402$55,899$55,409$54,931$54,463$53,212
2 years$27,922$27,402$26,898$26,409$25,935$24,681
3 years$18,429$17,907$17,404$16,920$16,454$15,237
4 years$13,684$13,164$12,666$12,190$11,735$10,564
5 years$10,838$10,320$9,829$9,363$8,921$7,799
6 years$8,941$8,427$7,944$7,488$7,059$5,987
7 years$7,587$7,077$6,601$6,156$5,741$4,720
8 years$6,571$6,067$5,598$5,164$4,762$3,792
9 years$5,782$5,282$4,822$4,399$4,011$3,090
10 years$5,151$4,656$4,204$3,792$3,417$2,545
11 years$4,635$4,145$3,701$3,300$2,939$2,114
12 years$4,205$3,720$3,284$2,895$2,547$1,768
13 years$3,842$3,362$2,934$2,555$2,221$1,487
14 years$3,531$3,056$2,637$2,268$1,947$1,256
15 years$3,261$2,792$2,381$2,023$1,714$1,065
16 years$3,026$2,561$2,158$1,811$1,515$905
17 years$2,818$2,359$1,964$1,628$1,343$772
18 years$2,634$2,180$1,793$1,467$1,194$659
19 years$2,469$2,020$1,641$1,325$1,065$564
20 years$2,321$1,877$1,506$1,200$951$484
21 years$2,188$1,749$1,385$1,089$851$415
22 years$2,066$1,632$1,277$991$763$357
23 years$1,955$1,527$1,179$902$685$307
24 years$1,854$1,430$1,090$823$615$264
25 years$1,761$1,342$1,010$751$554$227
26 years$1,675$1,261$937$687$499$196
27 years$1,596$1,187$870$629$450$169
28 years$1,522$1,119$809$576$406$146
29 years$1,454$1,055$752$528$366$126
30 years$1,390$997$701$485$331$109
31 years$1,331$942$653$445$299$94
32 years$1,275$892$610$409$271$81
33 years$1,223$844$569$376$245$70
34 years$1,174$800$532$346$222$60
35 years$1,128$759$497$319$201$52
36 years$1,085$720$465$294$182$45
37 years$1,044$684$435$271$165$39
38 years$1,005$650$408$249$150$34
39 years$968$618$382$230$136$29
40 years$934$588$358$212$123$25
41 years$901$560$336$196$112$22
42 years$870$533$315$181$101$19
43 years$840$508$296$167$92$16
44 years$812$484$277$154$83$14
45 years$785$462$260$142$76$12
46 years$759$441$245$131$69$11
47 years$734$420$230$121$62$9
48 years$711$401$216$112$57$8
49 years$688$383$203$104$52$7
50 years$667$366$191$96$47$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $683,000, adding $2,163 every year, while hoping to spend $24,880 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: 63/10/27 Blend
49$683,000$683,000$683,000$683,000
50$754,897$718,698$708,112$796,907
51$805,425$727,442$705,361$834,380
52$860,272$735,781$701,685$872,373
53$919,853$743,668$697,025$913,332
54$984,625$751,054$691,322$957,554
55$1,055,088$757,887$684,513$1,005,362
56$1,131,795$764,111$676,531$1,057,115
57$1,215,351$769,667$667,309$1,113,211
58$1,306,427$774,489$656,773$1,174,085
59$1,405,755$778,513$644,848$1,240,221
60$1,514,147$781,664$631,455$1,312,149
61$1,632,492$783,868$616,511$1,390,459
62$1,761,771$785,043$599,929$1,475,798
63$1,903,064$785,102$581,619$1,568,880
64$2,057,559$783,954$561,486$1,670,496
65$2,226,564$781,502$539,430$1,781,515
66$2,411,521$777,643$515,348$1,902,899
67$2,614,016$772,267$489,131$2,035,707
68$2,835,795$765,258$460,667$2,181,109
69$3,078,783$756,492$429,836$2,340,393
70$3,345,098$745,840$396,515$2,514,984
71$3,637,075$733,162$360,575$2,706,450
72$3,957,282$718,313$321,880$2,916,523
73$4,308,551$701,137$280,289$3,147,113
74$4,694,000$681,469$235,656$3,400,326
75$5,117,063$659,136$187,825$3,678,485
76$5,581,523$633,954$136,637$3,984,153
77$6,091,548$605,726$81,923$4,320,156
78$6,651,727$574,248$23,509$4,689,609
79$7,267,118$539,301$0$5,095,952
80$7,943,291$500,655$0$5,554,159
81$8,686,385$458,065$0$6,065,180
82$9,503,160$411,273$0$6,626,901
83$10,401,065$360,008$0$7,244,465
84$11,388,306$303,982$0$7,923,538
85$12,473,926$242,889$0$8,670,365
86$13,667,885$176,409$0$9,491,829
87$14,981,159$104,203$0$10,395,512
88$16,425,840$25,912$0$11,389,773
89$18,015,252$0$0$12,483,819
90$19,764,074$0$0$13,694,277
91$21,688,481$0$0$15,029,461
92$23,806,294$0$0$16,498,892
93$26,137,150$0$0$18,116,203
94$28,702,685$0$0$19,896,413
95$31,526,741$0$0$21,856,075
96$34,635,587$0$0$24,013,424
97$38,058,168$0$0$26,388,556
98$41,826,379$0$0$29,003,613
99$45,975,366$0$0$31,882,993
100$50,543,855$0$0$35,053,582