Can I retire at age 50 with 684,000?

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 $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%11.2%
1 years$56,484$55,981$55,490$55,011$54,543$54,268
2 years$27,962$27,442$26,937$26,448$25,973$25,695
3 years$18,456$17,933$17,430$16,945$16,478$16,206
4 years$13,704$13,183$12,685$12,208$11,752$11,489
5 years$10,854$10,336$9,844$9,377$8,934$8,679
6 years$8,954$8,440$7,955$7,499$7,069$6,824
7 years$7,598$7,088$6,611$6,165$5,749$5,513
8 years$6,581$6,075$5,606$5,172$4,769$4,543
9 years$5,790$5,290$4,829$4,405$4,017$3,799
10 years$5,158$4,663$4,210$3,797$3,422$3,214
11 years$4,642$4,151$3,706$3,305$2,943$2,744
12 years$4,211$3,726$3,289$2,899$2,551$2,361
13 years$3,848$3,367$2,939$2,559$2,224$2,043
14 years$3,536$3,060$2,640$2,272$1,950$1,777
15 years$3,266$2,796$2,384$2,026$1,717$1,552
16 years$3,030$2,565$2,161$1,814$1,517$1,361
17 years$2,823$2,362$1,967$1,630$1,345$1,197
18 years$2,638$2,183$1,795$1,469$1,196$1,055
19 years$2,473$2,023$1,644$1,327$1,066$933
20 years$2,325$1,880$1,508$1,202$952$826
21 years$2,191$1,751$1,388$1,091$852$733
22 years$2,069$1,635$1,279$992$764$651
23 years$1,958$1,529$1,181$903$686$579
24 years$1,857$1,432$1,092$824$616$516
25 years$1,763$1,344$1,011$752$555$460
26 years$1,678$1,263$938$688$500$411
27 years$1,598$1,189$871$630$450$367
28 years$1,524$1,120$810$577$406$328
29 years$1,456$1,057$754$529$367$293
30 years$1,392$998$702$486$332$262
31 years$1,333$944$654$446$300$235
32 years$1,277$893$611$410$271$210
33 years$1,225$846$570$377$245$189
34 years$1,176$801$533$347$222$169
35 years$1,130$760$498$319$201$152
36 years$1,086$721$466$294$182$136
37 years$1,045$685$436$271$165$122
38 years$1,007$651$408$250$150$110
39 years$970$619$383$230$136$98
40 years$935$589$359$212$123$88
41 years$902$561$336$196$112$79
42 years$871$534$315$181$101$71
43 years$841$509$296$167$92$64
44 years$813$485$278$154$84$57
45 years$786$463$261$142$76$52
46 years$760$441$245$131$69$46
47 years$735$421$230$121$63$42
48 years$712$402$216$112$57$37
49 years$689$384$203$104$52$34
50 years$668$367$191$96$47$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $684,000, adding $2,890 every year, while hoping to spend $57,180 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: 29/50/21 Blend
49$684,000$684,000$684,000$684,000
50$756,749$720,497$709,895$773,632
51$773,098$694,962$672,837$761,322
52$789,199$666,260$632,622$742,802
53$804,965$634,174$589,083$721,683
54$820,300$598,478$542,045$697,776
55$835,096$558,928$491,329$670,883
56$849,231$515,272$436,745$640,788
57$862,571$467,238$378,093$607,265
58$874,963$414,542$315,169$570,070
59$886,237$356,883$247,756$528,946
60$896,206$293,942$175,628$483,615
61$904,657$225,384$98,550$433,784
62$911,358$150,854$16,277$379,137
63$916,046$69,976$0$319,340
64$918,433$0$0$270,061
65$918,194$0$0$229,532
66$914,973$0$0$226,490
67$908,371$0$0$222,304
68$897,949$0$0$216,831
69$883,216$0$0$209,914
70$863,632$0$0$201,376
71$838,595$0$0$191,024
72$807,441$0$0$178,643
73$769,433$0$0$163,996
74$723,757$0$0$146,819
75$669,511$0$0$126,822
76$605,698$0$0$103,683
77$531,215$0$0$77,049
78$444,842$0$0$46,525
79$345,232$0$0$11,679
80$230,894$0$0$0
81$100,183$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0