Can I retire at age 50 with 685,000?

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 $685,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$56,567$56,063$55,571$55,091$54,623$52,959
2 years$28,003$27,482$26,976$26,486$26,011$24,349
3 years$18,483$17,960$17,455$16,970$16,502$14,894
4 years$13,724$13,202$12,703$12,226$11,770$10,228
5 years$10,870$10,351$9,858$9,391$8,947$7,476
6 years$8,967$8,452$7,967$7,510$7,080$5,680
7 years$7,609$7,098$6,620$6,174$5,758$4,430
8 years$6,591$6,084$5,615$5,179$4,776$3,519
9 years$5,799$5,298$4,836$4,412$4,022$2,835
10 years$5,166$4,670$4,216$3,803$3,427$2,308
11 years$4,649$4,157$3,712$3,310$2,948$1,894
12 years$4,218$3,731$3,294$2,903$2,554$1,564
13 years$3,853$3,372$2,943$2,563$2,227$1,298
14 years$3,541$3,065$2,644$2,275$1,953$1,082
15 years$3,271$2,800$2,387$2,029$1,719$906
16 years$3,035$2,569$2,165$1,817$1,519$760
17 years$2,827$2,366$1,970$1,632$1,347$639
18 years$2,642$2,186$1,798$1,471$1,198$538
19 years$2,477$2,026$1,646$1,329$1,068$454
20 years$2,328$1,883$1,511$1,204$954$384
21 years$2,194$1,754$1,390$1,093$853$324
22 years$2,072$1,637$1,281$993$765$275
23 years$1,961$1,531$1,182$905$687$233
24 years$1,859$1,434$1,094$825$617$197
25 years$1,766$1,346$1,013$754$555$167
26 years$1,680$1,265$939$689$500$142
27 years$1,600$1,191$872$631$451$121
28 years$1,527$1,122$811$578$407$102
29 years$1,458$1,058$755$530$368$87
30 years$1,394$1,000$703$486$332$74
31 years$1,335$945$655$447$300$63
32 years$1,279$894$611$410$272$53
33 years$1,227$847$571$377$246$45
34 years$1,178$803$533$347$223$39
35 years$1,131$761$499$320$202$33
36 years$1,088$722$467$294$183$28
37 years$1,047$686$437$271$166$24
38 years$1,008$652$409$250$150$20
39 years$971$620$383$231$136$17
40 years$937$590$359$213$123$15
41 years$903$562$337$196$112$12
42 years$872$535$316$181$102$11
43 years$842$510$296$167$92$9
44 years$814$486$278$154$84$8
45 years$787$463$261$143$76$7
46 years$761$442$245$132$69$6
47 years$736$422$230$122$63$5
48 years$713$403$217$112$57$4
49 years$690$384$204$104$52$3
50 years$669$367$191$96$47$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $685,000, adding $3,036 every year, while hoping to spend $48,312 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: 39/38/23 Blend
49$685,000$685,000$685,000$685,000
50$758,002$721,697$711,079$782,277
51$783,914$705,656$683,497$784,068
52$810,851$687,211$653,371$781,238
53$838,864$666,191$620,566$777,211
54$868,013$642,418$584,939$771,908
55$898,357$615,704$546,342$765,243
56$929,963$585,847$504,618$757,128
57$962,903$552,637$459,606$747,472
58$997,252$515,849$411,135$736,177
59$1,033,092$475,246$359,029$723,143
60$1,070,513$430,579$303,103$708,264
61$1,109,611$381,583$243,162$691,430
62$1,150,489$327,978$179,005$672,525
63$1,193,258$269,468$110,421$651,432
64$1,238,041$205,743$37,191$628,024
65$1,284,968$136,471$0$602,173
66$1,334,182$61,306$0$583,797
67$1,385,838$0$0$573,096
68$1,440,103$0$0$569,267
69$1,497,160$0$0$592,224
70$1,557,207$0$0$616,418
71$1,620,459$0$0$641,938
72$1,687,153$0$0$668,885
73$1,757,544$0$0$697,366
74$1,831,910$0$0$727,501
75$1,910,558$0$0$759,418
76$1,993,820$0$0$793,259
77$2,082,058$0$0$829,177
78$2,175,670$0$0$867,341
79$2,275,090$0$0$907,937
80$2,380,791$0$0$951,165
81$2,493,294$0$0$997,247
82$2,613,167$0$0$1,046,424
83$2,741,031$0$0$1,098,963
84$2,877,570$0$0$1,155,154
85$3,023,529$0$0$1,215,315
86$3,179,728$0$0$1,279,796
87$3,347,066$0$0$1,348,980
88$3,526,526$0$0$1,423,289
89$3,719,190$0$0$1,503,183
90$3,926,244$0$0$1,589,171
91$4,148,990$0$0$1,681,807
92$4,388,858$0$0$1,781,705
93$4,647,417$0$0$1,889,536
94$4,926,393$0$0$2,006,037
95$5,227,680$0$0$2,132,021
96$5,553,359$0$0$2,268,377
97$5,905,721$0$0$2,416,088
98$6,287,280$0$0$2,576,229
99$6,700,802$0$0$2,749,986
100$7,149,328$0$0$2,938,662