Can I retire at age 50 with 690,000?

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 $690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$56,980$56,472$55,977$55,494$55,022$54,402
2 years$28,208$27,682$27,173$26,680$26,201$25,577
3 years$18,618$18,091$17,583$17,094$16,623$16,014
4 years$13,825$13,299$12,796$12,315$11,856$11,267
5 years$10,949$10,426$9,930$9,459$9,012$8,445
6 years$9,033$8,514$8,025$7,565$7,131$6,586
7 years$7,664$7,150$6,669$6,219$5,800$5,277
8 years$6,639$6,129$5,656$5,217$4,811$4,311
9 years$5,841$5,336$4,871$4,444$4,052$3,574
10 years$5,204$4,704$4,247$3,831$3,452$2,997
11 years$4,682$4,187$3,739$3,334$2,969$2,535
12 years$4,248$3,758$3,318$2,924$2,573$2,160
13 years$3,881$3,396$2,965$2,582$2,244$1,851
14 years$3,567$3,087$2,664$2,292$1,967$1,595
15 years$3,295$2,820$2,405$2,044$1,732$1,379
16 years$3,057$2,588$2,180$1,830$1,531$1,197
17 years$2,847$2,383$1,984$1,644$1,357$1,042
18 years$2,661$2,202$1,811$1,482$1,207$909
19 years$2,495$2,041$1,658$1,339$1,075$795
20 years$2,345$1,896$1,522$1,213$961$696
21 years$2,210$1,766$1,400$1,101$860$611
22 years$2,087$1,649$1,290$1,001$771$536
23 years$1,975$1,542$1,191$911$692$472
24 years$1,873$1,445$1,102$831$622$416
25 years$1,779$1,356$1,020$759$559$366
26 years$1,692$1,274$946$694$504$323
27 years$1,612$1,199$879$635$454$285
28 years$1,538$1,130$817$582$410$252
29 years$1,469$1,066$760$534$370$223
30 years$1,405$1,007$708$490$334$197
31 years$1,345$952$660$450$302$174
32 years$1,288$901$616$413$274$154
33 years$1,236$853$575$380$248$136
34 years$1,186$808$537$350$224$121
35 years$1,140$767$502$322$203$107
36 years$1,096$728$470$297$184$95
37 years$1,055$691$440$273$167$84
38 years$1,015$657$412$252$151$74
39 years$978$625$386$232$137$66
40 years$943$594$362$214$124$58
41 years$910$566$339$198$113$52
42 years$878$539$318$182$102$46
43 years$848$513$299$168$93$41
44 years$820$489$280$155$84$36
45 years$793$467$263$144$77$32
46 years$767$445$247$133$69$28
47 years$742$425$232$123$63$25
48 years$718$406$218$113$57$22
49 years$695$387$205$105$52$20
50 years$674$370$193$97$47$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $690,000, adding $6,620 every year, while hoping to spend $28,544 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: 43/27/30 Blend
49$690,000$690,000$690,000$690,000
50$767,209$730,639$719,944$793,248
51$815,093$736,069$713,691$818,036
52$866,905$740,809$706,272$841,694
53$923,016$744,795$697,618$866,795
54$983,831$747,958$687,657$893,488
55$1,049,800$750,226$676,311$921,944
56$1,121,415$751,522$663,503$952,347
57$1,199,217$751,765$649,148$984,908
58$1,283,803$750,867$633,160$1,019,855
59$1,375,828$748,736$615,448$1,057,447
60$1,476,013$745,275$595,916$1,097,967
61$1,585,152$740,379$574,465$1,141,732
62$1,704,119$733,940$550,992$1,189,091
63$1,833,876$725,839$525,386$1,240,434
64$1,975,479$715,953$497,534$1,296,192
65$2,130,094$704,151$467,318$1,356,843
66$2,299,003$690,293$434,612$1,422,916
67$2,483,617$674,234$399,288$1,494,999
68$2,685,491$655,816$361,209$1,573,741
69$2,906,335$634,875$320,233$1,659,863
70$3,148,033$611,236$276,213$1,754,163
71$3,412,660$584,713$228,993$1,857,522
72$3,702,500$555,113$178,413$1,970,919
73$4,020,068$522,227$124,304$2,095,434
74$4,368,136$485,837$66,489$2,232,265
75$4,749,754$445,712$4,785$2,382,733
76$5,168,284$401,606$0$2,548,304
77$5,627,426$353,262$0$2,750,143
78$6,131,258$300,407$0$2,973,398
79$6,684,271$242,751$0$3,218,582
80$7,291,411$179,990$0$3,487,952
81$7,958,128$111,803$0$3,783,999
82$8,690,425$37,849$0$4,109,470
83$9,494,913$0$0$4,467,395
84$10,378,879$0$0$4,873,668
85$11,350,346$0$0$5,332,607
86$12,418,157$0$0$5,837,155
87$13,592,052$0$0$6,391,927
88$14,882,763$0$0$7,002,006
89$16,302,113$0$0$7,672,993
90$17,863,127$0$0$8,411,059
91$19,580,158$0$0$9,223,005
92$21,469,018$0$0$10,116,320
93$23,547,130$0$0$11,099,259
94$25,833,690$0$0$12,180,916
95$28,349,849$0$0$13,371,313
96$31,118,911$0$0$14,681,491
97$34,166,556$0$0$16,123,615
98$37,521,075$0$0$17,711,092
99$41,213,646$0$0$19,458,691
100$45,278,620$0$0$21,382,689