Can I retire at age 50 with 688,000?

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 $688,000?

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$56,814$56,308$55,815$55,333$54,862$54,380
2 years$28,126$27,602$27,094$26,602$26,125$25,639
3 years$18,564$18,038$17,532$17,044$16,575$16,100
4 years$13,785$13,260$12,759$12,279$11,821$11,361
5 years$10,917$10,396$9,901$9,432$8,986$8,543
6 years$9,007$8,489$8,002$7,543$7,111$6,684
7 years$7,642$7,129$6,649$6,201$5,783$5,373
8 years$6,619$6,111$5,639$5,202$4,797$4,405
9 years$5,824$5,321$4,857$4,431$4,040$3,665
10 years$5,189$4,690$4,235$3,820$3,442$3,084
11 years$4,669$4,175$3,728$3,324$2,961$2,619
12 years$4,236$3,747$3,309$2,916$2,566$2,240
13 years$3,870$3,387$2,956$2,574$2,237$1,927
14 years$3,557$3,078$2,656$2,285$1,961$1,666
15 years$3,285$2,812$2,398$2,038$1,727$1,447
16 years$3,048$2,580$2,174$1,825$1,526$1,261
17 years$2,839$2,376$1,978$1,639$1,353$1,102
18 years$2,653$2,196$1,806$1,477$1,203$966
19 years$2,487$2,035$1,653$1,335$1,072$848
20 years$2,338$1,891$1,517$1,209$958$746
21 years$2,204$1,761$1,396$1,097$857$657
22 years$2,081$1,644$1,286$998$768$580
23 years$1,970$1,538$1,188$909$690$513
24 years$1,868$1,441$1,098$829$620$454
25 years$1,774$1,352$1,017$757$558$402
26 years$1,687$1,271$944$692$502$356
27 years$1,607$1,196$876$633$453$316
28 years$1,533$1,127$814$580$409$280
29 years$1,465$1,063$758$532$369$249
30 years$1,400$1,004$706$488$334$221
31 years$1,341$949$658$449$302$196
32 years$1,285$898$614$412$273$175
33 years$1,232$850$573$379$247$155
34 years$1,183$806$536$349$223$138
35 years$1,136$765$501$321$202$123
36 years$1,093$726$469$296$183$110
37 years$1,051$689$439$272$166$98
38 years$1,012$655$411$251$151$87
39 years$976$623$385$232$137$77
40 years$941$593$361$214$124$69
41 years$907$564$338$197$112$61
42 years$876$537$317$182$102$55
43 years$846$512$298$168$93$49
44 years$817$488$279$155$84$43
45 years$790$465$262$143$76$39
46 years$764$444$246$132$69$35
47 years$740$424$232$122$63$31
48 years$716$404$218$113$57$27
49 years$693$386$204$104$52$24
50 years$672$369$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 $688,000, adding $3,699 every year, while hoping to spend $49,852 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: 43/38/19 Blend
49$688,000$688,000$688,000$688,000
50$761,992$725,528$714,864$790,399
51$786,673$708,036$685,769$793,323
52$812,200$688,017$654,030$791,322
53$838,608$665,293$619,503$788,116
54$865,932$639,679$582,042$783,620
55$894,209$610,975$541,493$777,741
56$923,479$578,973$497,693$770,384
57$953,783$543,452$450,476$761,447
58$985,166$504,179$399,663$750,824
59$1,017,674$460,904$345,073$738,401
60$1,051,357$413,368$286,513$724,061
61$1,086,266$361,294$223,782$707,679
62$1,122,457$304,390$156,671$689,125
63$1,159,990$242,348$84,962$668,259
64$1,198,927$174,841$8,426$644,938
65$1,239,336$101,526$0$619,010
66$1,281,286$22,039$0$605,165
67$1,324,855$0$0$591,173
68$1,370,124$0$0$601,965
69$1,417,179$0$0$622,773
70$1,466,114$0$0$644,425
71$1,517,029$0$0$666,966
72$1,570,030$0$0$690,447
73$1,625,232$0$0$714,919
74$1,682,759$0$0$740,440
75$1,742,745$0$0$767,070
76$1,805,331$0$0$794,877
77$1,870,674$0$0$823,931
78$1,938,939$0$0$854,311
79$2,010,307$0$0$886,098
80$2,084,973$0$0$919,384
81$2,163,148$0$0$954,267
82$2,245,060$0$0$990,853
83$2,330,957$0$0$1,029,257
84$2,421,108$0$0$1,069,604
85$2,515,805$0$0$1,112,031
86$2,615,365$0$0$1,156,685
87$2,720,132$0$0$1,203,728
88$2,830,484$0$0$1,253,334
89$2,946,827$0$0$1,305,695
90$3,069,607$0$0$1,361,019
91$3,199,311$0$0$1,419,534
92$3,336,468$0$0$1,481,487
93$3,481,655$0$0$1,547,150
94$3,635,505$0$0$1,616,820
95$3,798,708$0$0$1,690,819
96$3,972,017$0$0$1,769,502
97$4,156,258$0$0$1,853,257
98$4,352,332$0$0$1,942,508
99$4,561,229$0$0$2,037,719
100$4,784,029$0$0$2,139,400