Can I retire at age 50 with 684,000?

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 $684,000?

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$56,484$55,981$55,490$55,011$54,543$53,289
2 years$27,962$27,442$26,937$26,448$25,973$24,717
3 years$18,456$17,933$17,430$16,945$16,478$15,259
4 years$13,704$13,183$12,685$12,208$11,752$10,579
5 years$10,854$10,336$9,844$9,377$8,934$7,810
6 years$8,954$8,440$7,955$7,499$7,069$5,996
7 years$7,598$7,088$6,611$6,165$5,749$4,727
8 years$6,581$6,075$5,606$5,172$4,769$3,798
9 years$5,790$5,290$4,829$4,405$4,017$3,094
10 years$5,158$4,663$4,210$3,797$3,422$2,549
11 years$4,642$4,151$3,706$3,305$2,943$2,117
12 years$4,211$3,726$3,289$2,899$2,551$1,771
13 years$3,848$3,367$2,939$2,559$2,224$1,489
14 years$3,536$3,060$2,640$2,272$1,950$1,258
15 years$3,266$2,796$2,384$2,026$1,717$1,066
16 years$3,030$2,565$2,161$1,814$1,517$907
17 years$2,823$2,362$1,967$1,630$1,345$773
18 years$2,638$2,183$1,795$1,469$1,196$660
19 years$2,473$2,023$1,644$1,327$1,066$565
20 years$2,325$1,880$1,508$1,202$952$484
21 years$2,191$1,751$1,388$1,091$852$416
22 years$2,069$1,635$1,279$992$764$357
23 years$1,958$1,529$1,181$903$686$307
24 years$1,857$1,432$1,092$824$616$264
25 years$1,763$1,344$1,011$752$555$228
26 years$1,678$1,263$938$688$500$196
27 years$1,598$1,189$871$630$450$169
28 years$1,524$1,120$810$577$406$146
29 years$1,456$1,057$754$529$367$126
30 years$1,392$998$702$486$332$109
31 years$1,333$944$654$446$300$94
32 years$1,277$893$611$410$271$81
33 years$1,225$846$570$377$245$70
34 years$1,176$801$533$347$222$61
35 years$1,130$760$498$319$201$52
36 years$1,086$721$466$294$182$45
37 years$1,045$685$436$271$165$39
38 years$1,007$651$408$250$150$34
39 years$970$619$383$230$136$29
40 years$935$589$359$212$123$25
41 years$902$561$336$196$112$22
42 years$871$534$315$181$101$19
43 years$841$509$296$167$92$16
44 years$813$485$278$154$84$14
45 years$786$463$261$142$76$12
46 years$760$441$245$131$69$11
47 years$735$421$230$121$63$9
48 years$712$402$216$112$57$8
49 years$689$384$203$104$52$7
50 years$668$367$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 $684,000, adding $5,921 every year, while hoping to spend $52,003 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: 58/21/21 Blend
49$684,000$684,000$684,000$684,000
50$759,876$723,624$713,022$799,373
51$782,052$703,750$681,577$807,044
52$804,748$681,160$647,336$809,275
53$827,960$655,666$610,150$810,562
54$851,686$627,067$569,864$810,826
55$875,919$595,155$526,316$809,979
56$900,651$559,705$479,336$807,932
57$925,870$520,484$428,746$804,587
58$951,563$477,241$374,362$799,840
59$977,710$429,713$315,991$793,579
60$1,004,290$377,623$253,431$785,687
61$1,031,278$320,677$186,471$776,035
62$1,058,642$258,563$114,891$764,488
63$1,086,345$190,955$38,462$750,901
64$1,114,345$117,505$0$735,119
65$1,142,593$37,847$0$726,632
66$1,171,031$0$0$725,430
67$1,199,595$0$0$733,940
68$1,228,210$0$0$751,196
69$1,256,790$0$0$768,398
70$1,285,240$0$0$785,483
71$1,313,450$0$0$802,379
72$1,341,296$0$0$819,008
73$1,368,639$0$0$835,279
74$1,395,323$0$0$851,090
75$1,421,173$0$0$866,328
76$1,445,989$0$0$880,866
77$1,469,553$0$0$894,562
78$1,491,617$0$0$907,255
79$1,511,904$0$0$918,769
80$1,530,107$0$0$928,905
81$1,545,882$0$0$937,442
82$1,558,847$0$0$944,134
83$1,568,576$0$0$948,707
84$1,574,596$0$0$950,858
85$1,576,379$0$0$950,248
86$1,573,341$0$0$946,500
87$1,564,832$0$0$939,200
88$1,550,132$0$0$927,884
89$1,528,443$0$0$912,039
90$1,498,877$0$0$891,098
91$1,460,453$0$0$864,431
92$1,412,083$0$0$831,341
93$1,352,564$0$0$791,055
94$1,280,562$0$0$742,721
95$1,194,602$0$0$685,392
96$1,093,052$0$0$618,024
97$974,107$0$0$539,459
98$835,770$0$0$448,421
99$675,836$0$0$343,496
100$491,865$0$0$223,122