Can I retire at age 50 with 686,000?

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 $686,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$56,649$56,145$55,652$55,172$54,703$54,222
2 years$28,044$27,522$27,016$26,525$26,049$25,564
3 years$18,510$17,986$17,481$16,995$16,526$16,053
4 years$13,744$13,222$12,722$12,244$11,787$11,328
5 years$10,886$10,366$9,873$9,404$8,960$8,518
6 years$8,980$8,464$7,978$7,521$7,090$6,665
7 years$7,620$7,108$6,630$6,183$5,766$5,358
8 years$6,600$6,093$5,623$5,187$4,783$4,392
9 years$5,807$5,305$4,843$4,418$4,028$3,654
10 years$5,174$4,676$4,222$3,808$3,432$3,075
11 years$4,655$4,163$3,717$3,315$2,952$2,611
12 years$4,224$3,737$3,299$2,907$2,558$2,233
13 years$3,859$3,377$2,947$2,567$2,231$1,922
14 years$3,546$3,069$2,648$2,278$1,955$1,662
15 years$3,276$2,804$2,391$2,032$1,722$1,443
16 years$3,039$2,573$2,168$1,819$1,522$1,257
17 years$2,831$2,369$1,973$1,635$1,349$1,099
18 years$2,646$2,189$1,801$1,473$1,200$963
19 years$2,480$2,029$1,648$1,331$1,069$845
20 years$2,331$1,885$1,513$1,206$955$744
21 years$2,197$1,756$1,392$1,094$855$656
22 years$2,075$1,639$1,283$995$766$579
23 years$1,964$1,533$1,184$906$688$511
24 years$1,862$1,437$1,095$826$618$452
25 years$1,769$1,348$1,014$755$556$400
26 years$1,682$1,267$941$690$501$355
27 years$1,603$1,192$874$632$452$315
28 years$1,529$1,124$812$579$408$279
29 years$1,460$1,060$756$531$368$248
30 years$1,396$1,001$704$487$333$220
31 years$1,337$946$656$447$301$196
32 years$1,281$895$612$411$272$174
33 years$1,229$848$572$378$246$155
34 years$1,179$804$534$348$223$138
35 years$1,133$762$499$320$202$123
36 years$1,090$724$467$295$183$109
37 years$1,048$687$437$272$166$97
38 years$1,010$653$409$250$150$87
39 years$973$621$384$231$136$77
40 years$938$591$360$213$124$69
41 years$905$562$337$196$112$61
42 years$873$536$316$181$102$55
43 years$844$510$297$167$92$49
44 years$815$486$279$155$84$43
45 years$788$464$262$143$76$39
46 years$762$443$246$132$69$34
47 years$737$422$231$122$63$31
48 years$714$403$217$113$57$27
49 years$691$385$204$104$52$24
50 years$670$368$192$96$47$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $686,000, adding $6,668 every year, while hoping to spend $29,475 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: 24/48/28 Blend
49$686,000$686,000$686,000$686,000
50$762,850$726,492$715,859$774,322
51$809,300$730,729$708,479$788,799
52$859,499$734,186$699,864$801,380
53$913,800$736,793$689,942$814,242
54$972,588$738,476$678,635$827,426
55$1,036,289$739,158$665,866$840,984
56$1,105,369$738,755$651,551$854,973
57$1,180,341$737,179$635,603$869,459
58$1,261,771$734,336$617,930$884,518
59$1,350,279$730,126$598,438$900,237
60$1,446,549$724,443$577,028$916,714
61$1,551,332$717,176$553,593$934,062
62$1,665,456$708,206$528,027$952,407
63$1,789,831$697,407$500,215$971,896
64$1,925,460$684,645$470,037$992,691
65$2,073,444$669,780$437,371$1,014,976
66$2,234,997$652,661$402,085$1,038,961
67$2,411,456$633,131$364,043$1,064,878
68$2,604,291$611,021$323,105$1,092,993
69$2,815,121$586,153$279,122$1,123,600
70$3,045,729$558,341$231,939$1,157,033
71$3,298,079$527,385$181,394$1,193,663
72$3,574,332$493,076$127,320$1,233,908
73$3,876,868$455,190$69,539$1,278,235
74$4,208,307$413,494$7,867$1,327,165
75$4,571,538$367,738$0$1,381,281
76$4,969,739$317,661$0$1,458,547
77$5,406,411$262,985$0$1,546,010
78$5,885,411$203,418$0$1,642,189
79$6,410,986$138,649$0$1,748,052
80$6,987,817$68,353$0$1,864,670
81$7,621,055$0$0$1,993,232
82$8,316,379$0$0$2,139,186
83$9,080,043$0$0$2,339,259
84$9,918,935$0$0$2,559,169
85$10,840,645$0$0$2,800,921
86$11,853,533$0$0$3,066,724
87$12,966,812$0$0$3,359,013
88$14,190,627$0$0$3,680,468
89$15,536,159$0$0$4,034,046
90$17,015,726$0$0$4,423,000
91$18,642,897$0$0$4,850,919
92$20,432,624$0$0$5,321,753
93$22,401,380$0$0$5,839,859
94$24,567,314$0$0$6,410,032
95$26,950,425$0$0$7,037,560
96$29,572,747$0$0$7,728,267
97$32,458,557$0$0$8,488,573
98$35,634,606$0$0$9,325,548
99$39,130,367$0$0$10,246,986
100$42,978,319$0$0$11,261,472