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%15.7%
1 years$56,484$55,981$55,490$55,011$54,543$53,268
2 years$27,962$27,442$26,937$26,448$25,973$24,695
3 years$18,456$17,933$17,430$16,945$16,478$15,238
4 years$13,704$13,183$12,685$12,208$11,752$10,560
5 years$10,854$10,336$9,844$9,377$8,934$7,792
6 years$8,954$8,440$7,955$7,499$7,069$5,979
7 years$7,598$7,088$6,611$6,165$5,749$4,710
8 years$6,581$6,075$5,606$5,172$4,769$3,782
9 years$5,790$5,290$4,829$4,405$4,017$3,080
10 years$5,158$4,663$4,210$3,797$3,422$2,535
11 years$4,642$4,151$3,706$3,305$2,943$2,105
12 years$4,211$3,726$3,289$2,899$2,551$1,759
13 years$3,848$3,367$2,939$2,559$2,224$1,478
14 years$3,536$3,060$2,640$2,272$1,950$1,248
15 years$3,266$2,796$2,384$2,026$1,717$1,057
16 years$3,030$2,565$2,161$1,814$1,517$898
17 years$2,823$2,362$1,967$1,630$1,345$765
18 years$2,638$2,183$1,795$1,469$1,196$653
19 years$2,473$2,023$1,644$1,327$1,066$559
20 years$2,325$1,880$1,508$1,202$952$478
21 years$2,191$1,751$1,388$1,091$852$410
22 years$2,069$1,635$1,279$992$764$352
23 years$1,958$1,529$1,181$903$686$303
24 years$1,857$1,432$1,092$824$616$260
25 years$1,763$1,344$1,011$752$555$224
26 years$1,678$1,263$938$688$500$193
27 years$1,598$1,189$871$630$450$166
28 years$1,524$1,120$810$577$406$143
29 years$1,456$1,057$754$529$367$124
30 years$1,392$998$702$486$332$107
31 years$1,333$944$654$446$300$92
32 years$1,277$893$611$410$271$79
33 years$1,225$846$570$377$245$69
34 years$1,176$801$533$347$222$59
35 years$1,130$760$498$319$201$51
36 years$1,086$721$466$294$182$44
37 years$1,045$685$436$271$165$38
38 years$1,007$651$408$250$150$33
39 years$970$619$383$230$136$28
40 years$935$589$359$212$123$25
41 years$902$561$336$196$112$21
42 years$871$534$315$181$101$18
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$10
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 $4,300 every year, while hoping to spend $48,751 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: 54/24/22 Blend
49$684,000$684,000$684,000$684,000
50$758,203$721,951$711,349$794,361
51$783,670$705,456$683,309$803,165
52$810,099$686,519$652,695$807,286
53$837,539$664,969$619,370$810,737
54$866,040$640,624$583,191$813,471
55$895,654$613,292$544,006$815,437
56$926,439$582,772$501,659$816,581
57$958,457$548,849$455,985$816,850
58$991,772$511,295$406,813$816,187
59$1,026,455$469,870$353,963$814,531
60$1,062,581$424,322$297,249$811,823
61$1,100,233$374,382$236,476$807,998
62$1,139,497$319,767$171,438$802,991
63$1,180,468$260,178$101,923$796,734
64$1,223,247$195,298$27,709$789,159
65$1,267,944$124,794$0$780,193
66$1,314,678$48,312$0$781,851
67$1,363,577$0$0$789,698
68$1,414,780$0$0$806,322
69$1,468,438$0$0$837,132
70$1,524,713$0$0$869,464
71$1,583,782$0$0$903,422
72$1,645,839$0$0$939,121
73$1,711,091$0$0$976,682
74$1,779,767$0$0$1,016,241
75$1,852,113$0$0$1,057,942
76$1,928,399$0$0$1,101,946
77$2,008,918$0$0$1,148,424
78$2,093,991$0$0$1,197,568
79$2,183,966$0$0$1,249,581
80$2,279,225$0$0$1,304,691
81$2,380,183$0$0$1,363,144
82$2,487,297$0$0$1,425,207
83$2,601,063$0$0$1,491,176
84$2,722,024$0$0$1,561,373
85$2,850,777$0$0$1,636,151
86$2,987,973$0$0$1,715,894
87$3,134,325$0$0$1,801,026
88$3,290,614$0$0$1,892,010
89$3,457,697$0$0$1,989,353
90$3,636,513$0$0$2,093,613
91$3,828,092$0$0$2,205,400
92$4,033,562$0$0$2,325,384
93$4,254,163$0$0$2,454,299
94$4,491,254$0$0$2,592,953
95$4,746,328$0$0$2,742,232
96$5,021,024$0$0$2,903,109
97$5,317,142$0$0$3,076,652
98$5,636,659$0$0$3,264,034
99$5,981,748$0$0$3,466,548
100$6,354,796$0$0$3,685,609