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%15.5%
1 years$56,402$55,899$55,409$54,931$54,463$53,233
2 years$27,922$27,402$26,898$26,409$25,935$24,702
3 years$18,429$17,907$17,404$16,920$16,454$15,257
4 years$13,684$13,164$12,666$12,190$11,735$10,584
5 years$10,838$10,320$9,829$9,363$8,921$7,818
6 years$8,941$8,427$7,944$7,488$7,059$6,005
7 years$7,587$7,077$6,601$6,156$5,741$4,736
8 years$6,571$6,067$5,598$5,164$4,762$3,808
9 years$5,782$5,282$4,822$4,399$4,011$3,104
10 years$5,151$4,656$4,204$3,792$3,417$2,559
11 years$4,635$4,145$3,701$3,300$2,939$2,127
12 years$4,205$3,720$3,284$2,895$2,547$1,780
13 years$3,842$3,362$2,934$2,555$2,221$1,498
14 years$3,531$3,056$2,637$2,268$1,947$1,266
15 years$3,261$2,792$2,381$2,023$1,714$1,074
16 years$3,026$2,561$2,158$1,811$1,515$914
17 years$2,818$2,359$1,964$1,628$1,343$780
18 years$2,634$2,180$1,793$1,467$1,194$666
19 years$2,469$2,020$1,641$1,325$1,065$571
20 years$2,321$1,877$1,506$1,200$951$490
21 years$2,188$1,749$1,385$1,089$851$421
22 years$2,066$1,632$1,277$991$763$362
23 years$1,955$1,527$1,179$902$685$311
24 years$1,854$1,430$1,090$823$615$268
25 years$1,761$1,342$1,010$751$554$231
26 years$1,675$1,261$937$687$499$199
27 years$1,596$1,187$870$629$450$172
28 years$1,522$1,119$809$576$406$149
29 years$1,454$1,055$752$528$366$128
30 years$1,390$997$701$485$331$111
31 years$1,331$942$653$445$299$96
32 years$1,275$892$610$409$271$83
33 years$1,223$844$569$376$245$72
34 years$1,174$800$532$346$222$62
35 years$1,128$759$497$319$201$54
36 years$1,085$720$465$294$182$46
37 years$1,044$684$435$271$165$40
38 years$1,005$650$408$249$150$35
39 years$968$618$382$230$136$30
40 years$934$588$358$212$123$26
41 years$901$560$336$196$112$22
42 years$870$533$315$181$101$19
43 years$840$508$296$167$92$17
44 years$812$484$277$154$83$15
45 years$785$462$260$142$76$13
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 $2,293 every year, while hoping to spend $24,856 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: 45/25/30 Blend
49$683,000$683,000$683,000$683,000
50$755,031$718,832$708,246$782,364
51$805,598$727,608$705,525$810,863
52$860,489$735,982$701,881$839,206
53$920,120$743,906$697,255$869,480
54$984,947$751,332$691,588$901,878
55$1,055,472$758,207$684,816$936,618
56$1,132,247$764,477$676,875$973,937
57$1,215,881$770,081$667,694$1,014,100
58$1,307,042$774,956$657,203$1,057,401
59$1,406,466$779,034$645,325$1,104,163
60$1,514,964$782,245$631,982$1,154,745
61$1,633,427$784,512$617,091$1,209,543
62$1,762,838$785,754$600,564$1,268,997
63$1,904,276$785,886$582,312$1,333,592
64$2,058,933$784,814$562,240$1,403,864
65$2,228,118$782,444$540,249$1,480,408
66$2,413,274$778,672$516,235$1,563,880
67$2,615,989$773,388$490,090$1,655,005
68$2,838,013$766,477$461,701$1,754,585
69$3,081,272$757,816$430,950$1,863,508
70$3,347,887$747,274$397,712$1,982,752
71$3,640,196$734,715$361,859$2,113,400
72$3,960,770$719,990$323,256$2,256,649
73$4,312,446$702,947$281,763$2,413,819
74$4,698,344$683,420$237,230$2,586,370
75$5,121,904$661,236$189,506$2,775,915
76$5,586,913$636,212$138,430$2,984,233
77$6,097,544$608,153$83,833$3,213,293
78$6,658,394$576,852$25,542$3,465,264
79$7,274,526$542,094$0$3,742,544
80$7,951,518$503,647$0$4,059,517
81$8,695,516$461,268$0$4,416,856
82$9,513,289$414,701$0$4,809,666
83$10,412,296$363,672$0$5,241,575
84$11,400,754$307,896$0$5,716,580
85$12,487,716$247,069$0$6,239,092
86$13,683,158$180,870$0$6,813,973
87$14,998,068$108,960$0$7,446,582
88$16,444,554$30,983$0$8,142,829
89$18,035,957$0$0$8,909,232
90$19,786,977$0$0$9,767,674
91$21,713,808$0$0$10,721,782
92$23,834,295$0$0$11,771,880
93$26,168,101$0$0$12,927,717
94$28,736,891$0$0$14,200,034
95$31,564,536$0$0$15,600,670
96$34,677,340$0$0$17,142,666
97$38,104,286$0$0$18,840,393
98$41,877,311$0$0$20,709,687
99$46,031,606$0$0$22,767,998
100$50,605,948$0$0$25,034,553