Can I retire at age 50 with 686,000?

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 $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%19%
1 years$56,649$56,145$55,652$55,172$54,703$52,720
2 years$28,044$27,522$27,016$26,525$26,049$24,073
3 years$18,510$17,986$17,481$16,995$16,526$14,620
4 years$13,744$13,222$12,722$12,244$11,787$9,964
5 years$10,886$10,366$9,873$9,404$8,960$7,225
6 years$8,980$8,464$7,978$7,521$7,090$5,445
7 years$7,620$7,108$6,630$6,183$5,766$4,210
8 years$6,600$6,093$5,623$5,187$4,783$3,315
9 years$5,807$5,305$4,843$4,418$4,028$2,646
10 years$5,174$4,676$4,222$3,808$3,432$2,134
11 years$4,655$4,163$3,717$3,315$2,952$1,734
12 years$4,224$3,737$3,299$2,907$2,558$1,418
13 years$3,859$3,377$2,947$2,567$2,231$1,165
14 years$3,546$3,069$2,648$2,278$1,955$961
15 years$3,276$2,804$2,391$2,032$1,722$796
16 years$3,039$2,573$2,168$1,819$1,522$660
17 years$2,831$2,369$1,973$1,635$1,349$549
18 years$2,646$2,189$1,801$1,473$1,200$457
19 years$2,480$2,029$1,648$1,331$1,069$382
20 years$2,331$1,885$1,513$1,206$955$319
21 years$2,197$1,756$1,392$1,094$855$266
22 years$2,075$1,639$1,283$995$766$223
23 years$1,964$1,533$1,184$906$688$187
24 years$1,862$1,437$1,095$826$618$156
25 years$1,769$1,348$1,014$755$556$131
26 years$1,682$1,267$941$690$501$110
27 years$1,603$1,192$874$632$452$92
28 years$1,529$1,124$812$579$408$77
29 years$1,460$1,060$756$531$368$65
30 years$1,396$1,001$704$487$333$55
31 years$1,337$946$656$447$301$46
32 years$1,281$895$612$411$272$38
33 years$1,229$848$572$378$246$32
34 years$1,179$804$534$348$223$27
35 years$1,133$762$499$320$202$23
36 years$1,090$724$467$295$183$19
37 years$1,048$687$437$272$166$16
38 years$1,010$653$409$250$150$14
39 years$973$621$384$231$136$11
40 years$938$591$360$213$124$10
41 years$905$562$337$196$112$8
42 years$873$536$316$181$102$7
43 years$844$510$297$167$92$6
44 years$815$486$279$155$84$5
45 years$788$464$262$143$76$4
46 years$762$443$246$132$69$3
47 years$737$422$231$122$63$3
48 years$714$403$217$113$57$2
49 years$691$385$204$104$52$2
50 years$670$368$192$96$47$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $686,000, adding $6,444 every year, while hoping to spend $36,998 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: 37/43/20 Blend
49$686,000$686,000$686,000$686,000
50$762,619$726,261$715,628$786,030
51$801,041$722,482$700,236$799,824
52$842,141$717,278$683,088$810,772
53$886,155$710,540$664,087$821,835
54$933,339$702,153$643,130$833,045
55$983,974$691,993$620,110$844,439
56$1,038,371$679,932$594,915$856,062
57$1,096,868$665,832$567,428$867,967
58$1,159,838$649,547$537,526$880,214
59$1,227,690$630,924$505,082$892,875
60$1,300,874$609,799$469,962$906,031
61$1,379,884$585,999$432,026$919,777
62$1,465,262$559,343$391,128$934,222
63$1,557,604$529,636$347,117$949,491
64$1,657,565$496,675$299,831$965,725
65$1,765,867$460,242$249,106$983,087
66$1,883,302$420,110$194,767$1,001,762
67$2,010,741$376,037$136,634$1,021,956
68$2,149,141$327,768$74,516$1,043,909
69$2,299,558$275,033$8,216$1,067,886
70$2,463,149$217,546$0$1,094,189
71$2,641,192$155,008$0$1,136,504
72$2,835,090$87,099$0$1,184,607
73$3,046,387$13,484$0$1,237,220
74$3,276,782$0$0$1,294,876
75$3,528,148$0$0$1,389,488
76$3,802,542$0$0$1,499,824
77$4,102,232$0$0$1,620,425
78$4,429,713$0$0$1,752,307
79$4,787,733$0$0$1,896,589
80$5,179,315$0$0$2,054,503
81$5,607,791$0$0$2,227,404
82$6,076,827$0$0$2,416,787
83$6,590,461$0$0$2,624,295
84$7,153,141$0$0$2,851,741
85$7,769,763$0$0$3,101,119
86$8,445,722$0$0$3,374,626
87$9,186,956$0$0$3,674,683
88$10,000,010$0$0$4,003,954
89$10,892,088$0$0$4,365,377
90$11,871,129$0$0$4,762,184
91$12,945,875$0$0$5,197,939
92$14,125,958$0$0$5,676,567
93$15,421,988$0$0$6,202,391
94$16,845,650$0$0$6,780,173
95$18,409,820$0$0$7,415,161
96$20,128,682$0$0$8,113,135
97$22,017,862$0$0$8,880,464
98$24,094,573$0$0$9,724,164
99$26,377,782$0$0$10,651,964
100$28,888,383$0$0$11,672,383