Can I retire at age 50 with 687,000?

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 $687,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$56,732$56,226$55,733$55,252$54,782$54,053
2 years$28,085$27,562$27,055$26,564$26,087$25,353
3 years$18,537$18,012$17,506$17,020$16,551$15,835
4 years$13,764$13,241$12,740$12,262$11,804$11,113
5 years$10,901$10,381$9,887$9,418$8,973$8,308
6 years$8,993$8,477$7,990$7,532$7,100$6,462
7 years$7,631$7,119$6,640$6,192$5,774$5,163
8 years$6,610$6,102$5,631$5,195$4,790$4,206
9 years$5,816$5,313$4,850$4,425$4,034$3,477
10 years$5,181$4,683$4,228$3,814$3,437$2,906
11 years$4,662$4,169$3,723$3,319$2,956$2,451
12 years$4,230$3,742$3,304$2,912$2,562$2,082
13 years$3,864$3,382$2,952$2,570$2,234$1,778
14 years$3,552$3,074$2,652$2,282$1,958$1,527
15 years$3,281$2,808$2,394$2,035$1,724$1,316
16 years$3,044$2,576$2,171$1,822$1,524$1,138
17 years$2,835$2,373$1,975$1,637$1,351$987
18 years$2,649$2,192$1,803$1,475$1,201$858
19 years$2,484$2,032$1,651$1,333$1,071$747
20 years$2,335$1,888$1,515$1,207$956$652
21 years$2,200$1,759$1,394$1,096$856$570
22 years$2,078$1,642$1,284$996$767$499
23 years$1,967$1,535$1,186$907$689$437
24 years$1,865$1,439$1,097$828$619$384
25 years$1,771$1,350$1,016$756$557$337
26 years$1,685$1,269$942$691$502$296
27 years$1,605$1,194$875$633$452$260
28 years$1,531$1,125$813$580$408$229
29 years$1,462$1,062$757$531$369$201
30 years$1,398$1,003$705$488$333$177
31 years$1,339$948$657$448$301$156
32 years$1,283$897$613$412$272$138
33 years$1,230$849$573$379$246$121
34 years$1,181$805$535$348$223$107
35 years$1,135$763$500$321$202$94
36 years$1,091$725$468$295$183$83
37 years$1,050$688$438$272$166$73
38 years$1,011$654$410$251$150$65
39 years$974$622$384$231$136$57
40 years$939$592$360$213$124$50
41 years$906$563$338$197$112$45
42 years$875$536$317$182$102$39
43 years$845$511$297$168$92$35
44 years$816$487$279$155$84$31
45 years$789$465$262$143$76$27
46 years$763$443$246$132$69$24
47 years$739$423$231$122$63$21
48 years$715$404$217$113$57$19
49 years$692$386$204$104$52$16
50 years$671$368$192$96$47$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $687,000, adding $5,171 every year, while hoping to spend $25,966 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: 70/15/15 Blend
49$687,000$687,000$687,000$687,000
50$762,408$725,997$715,348$812,807
51$812,546$733,943$711,685$854,927
52$866,928$741,408$707,028$897,403
53$925,959$748,342$701,318$943,221
54$990,085$754,689$694,491$992,706
55$1,059,797$760,392$686,480$1,046,217
56$1,135,634$765,390$677,215$1,104,150
57$1,218,191$769,615$666,624$1,166,943
58$1,308,120$773,000$654,629$1,235,075
59$1,406,141$775,470$641,151$1,309,078
60$1,513,044$776,945$626,107$1,389,536
61$1,629,701$777,341$609,408$1,477,096
62$1,757,070$776,571$590,963$1,572,467
63$1,896,207$774,539$570,676$1,676,435
64$2,048,273$771,144$548,447$1,789,864
65$2,214,548$766,281$524,170$1,913,709
66$2,396,439$759,836$497,737$2,049,020
67$2,595,497$751,689$469,033$2,196,958
68$2,813,429$741,714$437,937$2,358,801
69$3,052,117$729,775$404,326$2,535,958
70$3,313,629$715,731$368,067$2,729,986
71$3,600,247$699,429$329,025$2,942,597
72$3,914,482$680,711$287,057$3,175,682
73$4,259,100$659,406$242,014$3,431,324
74$4,637,146$635,336$193,740$3,711,823
75$5,051,978$608,310$142,073$4,019,710
76$5,507,290$578,127$86,843$4,357,781
77$6,007,155$544,577$27,873$4,729,113
78$6,556,056$507,433$0$5,137,105
79$7,158,935$466,458$0$5,591,109
80$7,821,234$421,402$0$6,094,769
81$8,548,948$371,998$0$6,648,201
82$9,348,682$317,968$0$7,256,457
83$10,227,713$259,013$0$7,925,103
84$11,194,057$194,822$0$8,660,273
85$12,256,546$125,064$0$9,468,728
86$13,424,912$49,390$0$10,357,920
87$14,709,873$0$0$11,336,059
88$16,123,243$0$0$12,417,573
89$17,678,035$0$0$13,616,313
90$19,388,588$0$0$14,935,186
91$21,270,699$0$0$16,386,381
92$23,341,778$0$0$17,983,323
93$25,621,002$0$0$19,740,807
94$28,129,506$0$0$21,675,135
95$30,890,575$0$0$23,804,268
96$33,929,866$0$0$26,147,999
97$37,275,651$0$0$28,728,134
98$40,959,082$0$0$31,568,705
99$45,014,485$0$0$34,696,187
100$49,479,682$0$0$38,139,759