Can I retire at age 50 with 690,000?

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 $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%15.4%
1 years$56,980$56,472$55,977$55,494$55,022$53,801
2 years$28,208$27,682$27,173$26,680$26,201$24,977
3 years$18,618$18,091$17,583$17,094$16,623$15,435
4 years$13,825$13,299$12,796$12,315$11,856$10,712
5 years$10,949$10,426$9,930$9,459$9,012$7,917
6 years$9,033$8,514$8,025$7,565$7,131$6,084
7 years$7,664$7,150$6,669$6,219$5,800$4,802
8 years$6,639$6,129$5,656$5,217$4,811$3,862
9 years$5,841$5,336$4,871$4,444$4,052$3,151
10 years$5,204$4,704$4,247$3,831$3,452$2,599
11 years$4,682$4,187$3,739$3,334$2,969$2,161
12 years$4,248$3,758$3,318$2,924$2,573$1,810
13 years$3,881$3,396$2,965$2,582$2,244$1,524
14 years$3,567$3,087$2,664$2,292$1,967$1,289
15 years$3,295$2,820$2,405$2,044$1,732$1,094
16 years$3,057$2,588$2,180$1,830$1,531$932
17 years$2,847$2,383$1,984$1,644$1,357$795
18 years$2,661$2,202$1,811$1,482$1,207$681
19 years$2,495$2,041$1,658$1,339$1,075$583
20 years$2,345$1,896$1,522$1,213$961$501
21 years$2,210$1,766$1,400$1,101$860$431
22 years$2,087$1,649$1,290$1,001$771$370
23 years$1,975$1,542$1,191$911$692$319
24 years$1,873$1,445$1,102$831$622$275
25 years$1,779$1,356$1,020$759$559$237
26 years$1,692$1,274$946$694$504$205
27 years$1,612$1,199$879$635$454$177
28 years$1,538$1,130$817$582$410$153
29 years$1,469$1,066$760$534$370$132
30 years$1,405$1,007$708$490$334$114
31 years$1,345$952$660$450$302$99
32 years$1,288$901$616$413$274$86
33 years$1,236$853$575$380$248$74
34 years$1,186$808$537$350$224$64
35 years$1,140$767$502$322$203$55
36 years$1,096$728$470$297$184$48
37 years$1,055$691$440$273$167$42
38 years$1,015$657$412$252$151$36
39 years$978$625$386$232$137$31
40 years$943$594$362$214$124$27
41 years$910$566$339$198$113$23
42 years$878$539$318$182$102$20
43 years$848$513$299$168$93$18
44 years$820$489$280$155$84$15
45 years$793$467$263$144$77$13
46 years$767$445$247$133$69$11
47 years$742$425$232$123$63$10
48 years$718$406$218$113$57$9
49 years$695$387$205$105$52$7
50 years$674$370$193$97$47$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $690,000, adding $4,102 every year, while hoping to spend $52,107 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: 79/9/12 Blend
49$690,000$690,000$690,000$690,000
50$764,611$728,041$717,346$822,978
51$787,160$708,274$685,936$842,159
52$810,263$685,791$651,727$856,061
53$833,920$660,406$614,570$869,813
54$858,133$631,918$574,311$883,375
55$882,898$600,118$530,786$896,705
56$908,212$564,783$483,827$909,759
57$934,069$525,677$433,254$922,488
58$960,460$482,551$378,884$934,836
59$987,373$435,142$320,523$946,745
60$1,014,793$383,171$257,968$958,151
61$1,042,701$326,346$191,009$968,983
62$1,071,075$264,355$119,426$979,166
63$1,099,885$196,869$42,988$988,616
64$1,129,101$123,543$0$997,242
65$1,158,683$44,011$0$1,009,885
66$1,188,587$0$0$1,027,693
67$1,218,760$0$0$1,049,242
68$1,249,141$0$0$1,075,321
69$1,279,664$0$0$1,101,510
70$1,310,247$0$0$1,127,740
71$1,340,801$0$0$1,153,933
72$1,371,225$0$0$1,179,999
73$1,401,402$0$0$1,205,837
74$1,431,203$0$0$1,231,333
75$1,460,479$0$0$1,256,359
76$1,489,064$0$0$1,280,770
77$1,516,774$0$0$1,304,402
78$1,543,398$0$0$1,327,074
79$1,568,703$0$0$1,348,583
80$1,592,428$0$0$1,368,698
81$1,614,279$0$0$1,387,166
82$1,633,932$0$0$1,403,702
83$1,651,021$0$0$1,417,988
84$1,665,141$0$0$1,429,671
85$1,675,842$0$0$1,438,359
86$1,682,622$0$0$1,443,612
87$1,684,922$0$0$1,444,945
88$1,682,123$0$0$1,441,818
89$1,673,537$0$0$1,433,631
90$1,658,400$0$0$1,419,718
91$1,635,865$0$0$1,399,342
92$1,604,992$0$0$1,371,684
93$1,564,743$0$0$1,335,838
94$1,513,963$0$0$1,290,798
95$1,451,377$0$0$1,235,454
96$1,375,571$0$0$1,168,575
97$1,284,982$0$0$1,088,797
98$1,177,879$0$0$994,614
99$1,052,350$0$0$884,360
100$906,278$0$0$756,191