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%12.7%
1 years$56,567$56,063$55,571$55,091$54,623$54,007
2 years$28,003$27,482$26,976$26,486$26,011$25,391
3 years$18,483$17,960$17,455$16,970$16,502$15,898
4 years$13,724$13,202$12,703$12,226$11,770$11,185
5 years$10,870$10,351$9,858$9,391$8,947$8,384
6 years$8,967$8,452$7,967$7,510$7,080$6,539
7 years$7,609$7,098$6,620$6,174$5,758$5,239
8 years$6,591$6,084$5,615$5,179$4,776$4,280
9 years$5,799$5,298$4,836$4,412$4,022$3,548
10 years$5,166$4,670$4,216$3,803$3,427$2,975
11 years$4,649$4,157$3,712$3,310$2,948$2,517
12 years$4,218$3,731$3,294$2,903$2,554$2,144
13 years$3,853$3,372$2,943$2,563$2,227$1,838
14 years$3,541$3,065$2,644$2,275$1,953$1,583
15 years$3,271$2,800$2,387$2,029$1,719$1,369
16 years$3,035$2,569$2,165$1,817$1,519$1,188
17 years$2,827$2,366$1,970$1,632$1,347$1,034
18 years$2,642$2,186$1,798$1,471$1,198$902
19 years$2,477$2,026$1,646$1,329$1,068$789
20 years$2,328$1,883$1,511$1,204$954$691
21 years$2,194$1,754$1,390$1,093$853$606
22 years$2,072$1,637$1,281$993$765$533
23 years$1,961$1,531$1,182$905$687$468
24 years$1,859$1,434$1,094$825$617$413
25 years$1,766$1,346$1,013$754$555$364
26 years$1,680$1,265$939$689$500$321
27 years$1,600$1,191$872$631$451$283
28 years$1,527$1,122$811$578$407$250
29 years$1,458$1,058$755$530$368$221
30 years$1,394$1,000$703$486$332$195
31 years$1,335$945$655$447$300$173
32 years$1,279$894$611$410$272$153
33 years$1,227$847$571$377$246$135
34 years$1,178$803$533$347$223$120
35 years$1,131$761$499$320$202$106
36 years$1,088$722$467$294$183$94
37 years$1,047$686$437$271$166$83
38 years$1,008$652$409$250$150$74
39 years$971$620$383$231$136$65
40 years$937$590$359$213$123$58
41 years$903$562$337$196$112$51
42 years$872$535$316$181$102$46
43 years$842$510$296$167$92$40
44 years$814$486$278$154$84$36
45 years$787$463$261$143$76$32
46 years$761$442$245$132$69$28
47 years$736$422$230$122$63$25
48 years$713$403$217$112$57$22
49 years$690$384$204$104$52$20
50 years$669$367$191$96$47$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $685,000, adding $4,508 every year, while hoping to spend $30,028 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: 53/27/20 Blend
49$685,000$685,000$685,000$685,000
50$759,520$723,215$712,598$795,391
51$805,041$726,703$704,520$824,005
52$854,200$729,355$695,165$851,608
53$907,334$731,100$684,459$881,000
54$964,817$731,859$672,324$912,359
55$1,027,059$731,550$658,677$945,886
56$1,094,510$730,088$643,434$981,801
57$1,167,666$727,378$626,505$1,020,349
58$1,247,072$723,323$607,797$1,061,801
59$1,333,327$717,819$587,211$1,106,457
60$1,427,090$710,756$564,646$1,154,651
61$1,529,086$702,016$539,995$1,206,750
62$1,640,113$691,476$513,146$1,263,163
63$1,761,050$679,003$483,981$1,324,342
64$1,892,862$664,459$452,379$1,390,784
65$2,036,613$647,696$418,213$1,463,045
66$2,193,472$628,558$381,348$1,541,735
67$2,364,729$606,880$341,646$1,627,531
68$2,551,801$582,487$298,961$1,721,183
69$2,756,249$555,193$253,140$1,823,518
70$2,979,792$524,803$204,026$1,935,451
71$3,224,322$491,110$151,452$2,057,996
72$3,491,923$453,895$95,246$2,192,271
73$3,784,889$412,925$35,226$2,339,513
74$4,105,746$367,957$0$2,501,091
75$4,457,277$318,732$0$2,684,666
76$4,842,545$264,976$0$2,894,179
77$5,264,926$206,400$0$3,123,995
78$5,728,135$142,701$0$3,376,196
79$6,236,266$73,555$0$3,653,082
80$6,793,829$0$0$3,957,191
81$7,405,789$0$0$4,291,729
82$8,077,617$0$0$4,683,056
83$8,815,339$0$0$5,112,835
84$9,625,594$0$0$5,584,943
85$10,515,694$0$0$6,103,650
86$11,493,695$0$0$6,673,660
87$12,568,473$0$0$7,300,155
88$13,749,804$0$0$7,988,845
89$15,048,461$0$0$8,746,020
90$16,476,310$0$0$9,578,609
91$18,046,426$0$0$10,494,248
92$19,773,215$0$0$11,501,349
93$21,672,546$0$0$12,609,179
94$23,761,907$0$0$13,827,951
95$26,060,564$0$0$15,168,916
96$28,589,744$0$0$16,644,471
97$31,372,837$0$0$18,268,274
98$34,435,614$0$0$20,055,376
99$37,806,472$0$0$22,022,361
100$41,516,697$0$0$24,187,500