Can I retire at age 50 with 687,000?

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 $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%14.8%
1 years$56,732$56,226$55,733$55,252$54,782$53,698
2 years$28,085$27,562$27,055$26,564$26,087$24,999
3 years$18,537$18,012$17,506$17,020$16,551$15,493
4 years$13,764$13,241$12,740$12,262$11,804$10,785
5 years$10,901$10,381$9,887$9,418$8,973$7,996
6 years$8,993$8,477$7,990$7,532$7,100$6,165
7 years$7,631$7,119$6,640$6,192$5,774$4,882
8 years$6,610$6,102$5,631$5,195$4,790$3,941
9 years$5,816$5,313$4,850$4,425$4,034$3,226
10 years$5,181$4,683$4,228$3,814$3,437$2,671
11 years$4,662$4,169$3,723$3,319$2,956$2,230
12 years$4,230$3,742$3,304$2,912$2,562$1,875
13 years$3,864$3,382$2,952$2,570$2,234$1,585
14 years$3,552$3,074$2,652$2,282$1,958$1,346
15 years$3,281$2,808$2,394$2,035$1,724$1,147
16 years$3,044$2,576$2,171$1,822$1,524$981
17 years$2,835$2,373$1,975$1,637$1,351$841
18 years$2,649$2,192$1,803$1,475$1,201$723
19 years$2,484$2,032$1,651$1,333$1,071$622
20 years$2,335$1,888$1,515$1,207$956$537
21 years$2,200$1,759$1,394$1,096$856$464
22 years$2,078$1,642$1,284$996$767$401
23 years$1,967$1,535$1,186$907$689$347
24 years$1,865$1,439$1,097$828$619$300
25 years$1,771$1,350$1,016$756$557$260
26 years$1,685$1,269$942$691$502$226
27 years$1,605$1,194$875$633$452$196
28 years$1,531$1,125$813$580$408$170
29 years$1,462$1,062$757$531$369$148
30 years$1,398$1,003$705$488$333$129
31 years$1,339$948$657$448$301$112
32 years$1,283$897$613$412$272$97
33 years$1,230$849$573$379$246$84
34 years$1,181$805$535$348$223$73
35 years$1,135$763$500$321$202$64
36 years$1,091$725$468$295$183$56
37 years$1,050$688$438$272$166$48
38 years$1,011$654$410$251$150$42
39 years$974$622$384$231$136$37
40 years$939$592$360$213$124$32
41 years$906$563$338$197$112$28
42 years$875$536$317$182$102$24
43 years$845$511$297$168$92$21
44 years$816$487$279$155$84$18
45 years$789$465$262$143$76$16
46 years$763$443$246$132$69$14
47 years$739$423$231$122$63$12
48 years$715$404$217$113$57$11
49 years$692$386$204$104$52$9
50 years$671$368$192$96$47$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $687,000, adding $5,168 every year, while hoping to spend $45,797 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: 35/36/29 Blend
49$687,000$687,000$687,000$687,000
50$762,405$725,994$715,345$782,287
51$791,442$712,840$690,582$784,506
52$821,907$697,506$663,454$782,432
53$853,896$679,838$633,833$779,320
54$887,514$659,671$601,588$775,110
55$922,877$636,832$566,578$769,737
56$960,109$611,135$528,657$763,137
57$999,347$582,387$487,673$755,245
58$1,040,737$550,382$443,468$745,990
59$1,084,443$514,901$395,874$735,304
60$1,130,640$475,714$344,719$723,116
61$1,179,519$432,579$289,822$709,353
62$1,231,291$385,236$230,992$693,943
63$1,286,185$333,415$168,032$676,812
64$1,344,451$276,827$100,736$657,886
65$1,406,363$215,170$28,889$637,092
66$1,472,220$148,122$0$614,358
67$1,542,351$75,344$0$604,397
68$1,617,114$0$0$602,854
69$1,696,903$0$0$602,183
70$1,782,147$0$0$633,414
71$1,873,320$0$0$666,880
72$1,970,937$0$0$702,778
73$2,075,568$0$0$741,325
74$2,187,835$0$0$782,761
75$2,308,420$0$0$827,346
76$2,438,074$0$0$875,369
77$2,577,619$0$0$927,144
78$2,727,961$0$0$983,019
79$2,890,091$0$0$1,043,374
80$3,065,100$0$0$1,108,629
81$3,254,188$0$0$1,179,242
82$3,458,670$0$0$1,255,720
83$3,679,996$0$0$1,338,619
84$3,919,755$0$0$1,428,550
85$4,179,699$0$0$1,526,187
86$4,461,750$0$0$1,632,267
87$4,768,027$0$0$1,747,606
88$5,100,855$0$0$1,873,099
89$5,462,797$0$0$2,009,729
90$5,856,668$0$0$2,158,581
91$6,285,570$0$0$2,320,848
92$6,752,912$0$0$2,497,842
93$7,262,449$0$0$2,691,007
94$7,818,313$0$0$2,901,935
95$8,425,049$0$0$3,132,375
96$9,087,665$0$0$3,384,256
97$9,811,671$0$0$3,659,697
98$10,603,132$0$0$3,961,037
99$11,468,728$0$0$4,290,847
100$12,415,814$0$0$4,651,960