Can I retire at age 50 with 692,000?

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 $692,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$57,145$56,636$56,139$55,654$55,181$54,810
2 years$28,289$27,763$27,252$26,757$26,277$25,903
3 years$18,672$18,143$17,634$17,143$16,671$16,306
4 years$13,865$13,337$12,833$12,351$11,890$11,536
5 years$10,981$10,456$9,959$9,487$9,039$8,697
6 years$9,059$8,539$8,048$7,587$7,152$6,823
7 years$7,687$7,171$6,688$6,237$5,816$5,500
8 years$6,658$6,147$5,672$5,232$4,825$4,522
9 years$5,858$5,352$4,885$4,457$4,064$3,773
10 years$5,219$4,717$4,259$3,842$3,462$3,184
11 years$4,696$4,199$3,750$3,344$2,978$2,712
12 years$4,261$3,769$3,328$2,933$2,580$2,327
13 years$3,893$3,406$2,973$2,589$2,250$2,009
14 years$3,577$3,096$2,671$2,298$1,973$1,743
15 years$3,304$2,828$2,412$2,050$1,737$1,518
16 years$3,066$2,595$2,187$1,835$1,535$1,328
17 years$2,856$2,390$1,990$1,649$1,361$1,164
18 years$2,669$2,208$1,816$1,486$1,210$1,024
19 years$2,502$2,047$1,663$1,343$1,079$902
20 years$2,352$1,902$1,526$1,216$963$797
21 years$2,216$1,772$1,404$1,104$862$705
22 years$2,093$1,654$1,294$1,004$773$624
23 years$1,981$1,547$1,195$914$694$554
24 years$1,878$1,449$1,105$834$624$492
25 years$1,784$1,360$1,023$761$561$437
26 years$1,697$1,278$949$696$505$389
27 years$1,617$1,203$881$637$456$346
28 years$1,542$1,133$819$584$411$309
29 years$1,473$1,069$762$535$371$275
30 years$1,409$1,010$710$491$335$245
31 years$1,348$955$662$451$303$219
32 years$1,292$903$618$415$274$196
33 years$1,239$855$577$381$248$175
34 years$1,190$811$539$351$225$156
35 years$1,143$769$504$323$204$139
36 years$1,099$730$471$297$184$125
37 years$1,058$693$441$274$167$112
38 years$1,018$659$413$253$152$100
39 years$981$626$387$233$137$89
40 years$946$596$363$215$125$80
41 years$913$567$340$198$113$71
42 years$881$540$319$183$103$64
43 years$851$515$299$169$93$57
44 years$822$491$281$156$85$51
45 years$795$468$264$144$77$46
46 years$769$446$248$133$70$41
47 years$744$426$233$123$63$37
48 years$720$407$219$114$57$33
49 years$697$388$206$105$52$29
50 years$676$371$193$97$47$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $692,000, adding $6,539 every year, while hoping to spend $39,955 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: 45/41/14 Blend
49$692,000$692,000$692,000$692,000
50$769,329$732,653$721,927$800,596
51$805,289$726,041$703,600$816,414
52$843,577$717,766$683,319$829,003
53$884,390$707,705$660,978$841,780
54$927,941$695,725$636,464$854,778
55$974,464$681,689$609,659$868,037
56$1,024,216$665,449$580,440$881,604
57$1,077,480$646,849$548,678$895,533
58$1,134,563$625,725$514,239$909,887
59$1,195,806$601,903$476,983$924,738
60$1,261,578$575,196$436,762$940,170
61$1,332,289$545,411$393,424$956,280
62$1,408,387$512,340$346,808$973,178
63$1,490,363$475,766$296,746$990,989
64$1,578,758$435,456$243,065$1,009,857
65$1,674,165$391,167$185,581$1,029,945
66$1,777,236$342,640$124,105$1,051,439
67$1,888,688$289,604$58,436$1,074,546
68$2,009,308$231,769$0$1,099,505
69$2,139,963$168,831$0$1,128,322
70$2,281,605$100,469$0$1,168,987
71$2,435,280$26,343$0$1,213,135
72$2,602,140$0$0$1,261,183
73$2,783,451$0$0$1,337,915
74$2,980,607$0$0$1,434,349
75$3,195,139$0$0$1,539,358
76$3,428,735$0$0$1,653,777
77$3,683,250$0$0$1,778,526
78$3,960,727$0$0$1,914,614
79$4,263,412$0$0$2,063,156
80$4,593,780$0$0$2,225,377
81$4,954,553$0$0$2,402,625
82$5,348,730$0$0$2,596,386
83$5,779,611$0$0$2,808,294
84$6,250,828$0$0$3,040,149
85$6,766,384$0$0$3,293,935
86$7,330,682$0$0$3,571,833
87$7,948,573$0$0$3,876,246
88$8,625,400$0$0$4,209,823
89$9,367,044$0$0$4,575,477
90$10,179,984$0$0$4,976,421
91$11,071,356$0$0$5,416,189
92$12,049,017$0$0$5,898,677
93$13,121,624$0$0$6,428,175
94$14,298,710$0$0$7,009,409
95$15,590,777$0$0$7,647,584
96$17,009,394$0$0$8,348,433
97$18,567,303$0$0$9,118,275
98$20,278,541$0$0$9,964,067
99$22,158,574$0$0$10,893,475
100$24,224,435$0$0$11,914,944