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%14.3%
1 years$56,732$56,226$55,733$55,252$54,782$53,808
2 years$28,085$27,562$27,055$26,564$26,087$25,109
3 years$18,537$18,012$17,506$17,020$16,551$15,599
4 years$13,764$13,241$12,740$12,262$11,804$10,886
5 years$10,901$10,381$9,887$9,418$8,973$8,092
6 years$8,993$8,477$7,990$7,532$7,100$6,256
7 years$7,631$7,119$6,640$6,192$5,774$4,968
8 years$6,610$6,102$5,631$5,195$4,790$4,022
9 years$5,816$5,313$4,850$4,425$4,034$3,303
10 years$5,181$4,683$4,228$3,814$3,437$2,742
11 years$4,662$4,169$3,723$3,319$2,956$2,297
12 years$4,230$3,742$3,304$2,912$2,562$1,937
13 years$3,864$3,382$2,952$2,570$2,234$1,643
14 years$3,552$3,074$2,652$2,282$1,958$1,400
15 years$3,281$2,808$2,394$2,035$1,724$1,198
16 years$3,044$2,576$2,171$1,822$1,524$1,028
17 years$2,835$2,373$1,975$1,637$1,351$884
18 years$2,649$2,192$1,803$1,475$1,201$763
19 years$2,484$2,032$1,651$1,333$1,071$659
20 years$2,335$1,888$1,515$1,207$956$571
21 years$2,200$1,759$1,394$1,096$856$495
22 years$2,078$1,642$1,284$996$767$429
23 years$1,967$1,535$1,186$907$689$373
24 years$1,865$1,439$1,097$828$619$324
25 years$1,771$1,350$1,016$756$557$282
26 years$1,685$1,269$942$691$502$246
27 years$1,605$1,194$875$633$452$214
28 years$1,531$1,125$813$580$408$187
29 years$1,462$1,062$757$531$369$163
30 years$1,398$1,003$705$488$333$142
31 years$1,339$948$657$448$301$124
32 years$1,283$897$613$412$272$108
33 years$1,230$849$573$379$246$95
34 years$1,181$805$535$348$223$83
35 years$1,135$763$500$321$202$72
36 years$1,091$725$468$295$183$63
37 years$1,050$688$438$272$166$55
38 years$1,011$654$410$251$150$48
39 years$974$622$384$231$136$42
40 years$939$592$360$213$124$37
41 years$906$563$338$197$112$32
42 years$875$536$317$182$102$28
43 years$845$511$297$168$92$25
44 years$816$487$279$155$84$22
45 years$789$465$262$143$76$19
46 years$763$443$246$132$69$16
47 years$739$423$231$122$63$14
48 years$715$404$217$113$57$13
49 years$692$386$204$104$52$11
50 years$671$368$192$96$47$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $687,000, adding $6,194 every year, while hoping to spend $22,812 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: 55/33/12 Blend
49$687,000$687,000$687,000$687,000
50$763,463$727,052$716,404$802,780
51$817,065$738,406$716,131$841,503
52$875,369$749,551$715,085$880,628
53$938,831$760,454$713,216$922,695
54$1,007,954$771,078$710,470$967,990
55$1,083,287$781,383$706,793$1,016,825
56$1,165,440$791,328$702,128$1,069,547
57$1,255,078$800,867$696,413$1,126,539
58$1,352,940$809,953$689,586$1,188,221
59$1,459,833$818,534$681,580$1,255,059
60$1,576,649$826,555$672,326$1,327,565
61$1,704,370$833,959$661,752$1,406,305
62$1,844,075$840,683$649,781$1,491,904
63$1,996,956$846,661$636,333$1,585,048
64$2,164,320$851,823$621,325$1,686,498
65$2,347,612$856,093$604,671$1,797,091
66$2,548,419$859,392$586,278$1,917,752
67$2,768,492$861,636$566,052$2,049,498
68$3,009,755$862,734$543,892$2,193,456
69$3,274,333$862,590$519,695$2,350,864
70$3,564,560$861,103$493,351$2,523,091
71$3,883,013$858,165$464,746$2,711,646
72$4,232,527$853,661$433,761$2,918,193
73$4,616,224$847,470$400,271$3,144,567
74$5,037,546$839,463$364,147$3,392,794
75$5,500,283$829,504$325,253$3,665,107
76$6,008,609$817,447$283,446$3,963,967
77$6,567,124$803,139$238,579$4,292,093
78$7,180,896$786,417$190,496$4,652,478
79$7,855,506$767,110$139,036$5,048,428
80$8,597,103$745,035$84,030$5,483,586
81$9,412,465$719,999$25,302$5,961,970
82$10,309,055$691,797$0$6,488,011
83$11,295,097$660,214$0$7,071,379
84$12,379,653$625,020$0$7,716,447
85$13,572,706$585,975$0$8,425,939
86$14,885,256$542,821$0$9,206,432
87$16,329,422$495,289$0$10,065,179
88$17,918,558$443,093$0$11,010,174
89$19,667,377$385,931$0$12,050,230
90$21,592,091$323,483$0$13,195,063
91$23,710,563$255,413$0$14,455,383
92$26,042,476$181,364$0$15,842,996
93$28,609,517$100,959$0$17,370,916
94$31,435,584$13,802$0$19,053,489
95$34,547,008$0$0$20,906,531
96$37,972,805$0$0$22,976,716
97$41,744,946$0$0$25,261,795
98$45,898,662$0$0$27,778,107
99$50,472,772$0$0$30,549,181
100$55,510,053$0$0$33,600,943