Can I retire at age 50 with 692,000?

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 $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%14.3%
1 years$57,145$56,636$56,139$55,654$55,181$54,200
2 years$28,289$27,763$27,252$26,757$26,277$25,292
3 years$18,672$18,143$17,634$17,143$16,671$15,713
4 years$13,865$13,337$12,833$12,351$11,890$10,966
5 years$10,981$10,456$9,959$9,487$9,039$8,151
6 years$9,059$8,539$8,048$7,587$7,152$6,302
7 years$7,687$7,171$6,688$6,237$5,816$5,004
8 years$6,658$6,147$5,672$5,232$4,825$4,051
9 years$5,858$5,352$4,885$4,457$4,064$3,327
10 years$5,219$4,717$4,259$3,842$3,462$2,762
11 years$4,696$4,199$3,750$3,344$2,978$2,313
12 years$4,261$3,769$3,328$2,933$2,580$1,951
13 years$3,893$3,406$2,973$2,589$2,250$1,655
14 years$3,577$3,096$2,671$2,298$1,973$1,410
15 years$3,304$2,828$2,412$2,050$1,737$1,206
16 years$3,066$2,595$2,187$1,835$1,535$1,035
17 years$2,856$2,390$1,990$1,649$1,361$891
18 years$2,669$2,208$1,816$1,486$1,210$768
19 years$2,502$2,047$1,663$1,343$1,079$664
20 years$2,352$1,902$1,526$1,216$963$575
21 years$2,216$1,772$1,404$1,104$862$498
22 years$2,093$1,654$1,294$1,004$773$432
23 years$1,981$1,547$1,195$914$694$376
24 years$1,878$1,449$1,105$834$624$327
25 years$1,784$1,360$1,023$761$561$284
26 years$1,697$1,278$949$696$505$248
27 years$1,617$1,203$881$637$456$216
28 years$1,542$1,133$819$584$411$188
29 years$1,473$1,069$762$535$371$164
30 years$1,409$1,010$710$491$335$143
31 years$1,348$955$662$451$303$125
32 years$1,292$903$618$415$274$109
33 years$1,239$855$577$381$248$95
34 years$1,190$811$539$351$225$83
35 years$1,143$769$504$323$204$73
36 years$1,099$730$471$297$184$64
37 years$1,058$693$441$274$167$56
38 years$1,018$659$413$253$152$49
39 years$981$626$387$233$137$42
40 years$946$596$363$215$125$37
41 years$913$567$340$198$113$32
42 years$881$540$319$183$103$28
43 years$851$515$299$169$93$25
44 years$822$491$281$156$85$22
45 years$795$468$264$144$77$19
46 years$769$446$248$133$70$17
47 years$744$426$233$123$63$15
48 years$720$407$219$114$57$13
49 years$697$388$206$105$52$11
50 years$676$371$193$97$47$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $692,000, adding $5,510 every year, while hoping to spend $56,753 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: 42/33/25 Blend
49$692,000$692,000$692,000$692,000
50$768,268$731,592$720,866$794,711
51$786,246$707,055$684,630$789,628
52$804,156$679,414$645,278$778,309
53$821,931$648,456$602,646$764,937
54$839,496$613,958$556,562$749,353
55$856,764$575,681$506,846$731,391
56$873,640$533,376$453,312$710,870
57$890,016$486,776$395,763$687,599
58$905,772$435,602$333,995$661,372
59$920,772$379,558$267,795$631,968
60$934,863$318,329$196,939$599,151
61$947,878$251,585$121,194$562,669
62$959,626$178,977$40,319$522,251
63$969,897$100,137$0$477,605
64$978,455$14,673$0$440,688
65$985,040$0$0$411,172
66$989,361$0$0$406,266
67$991,093$0$0$405,441
68$989,878$0$0$403,200
69$985,316$0$0$399,358
70$976,965$0$0$393,707
71$964,333$0$0$386,018
72$946,875$0$0$376,038
73$923,989$0$0$363,486
74$895,005$0$0$348,049
75$859,183$0$0$329,384
76$815,703$0$0$307,109
77$763,658$0$0$280,802
78$702,044$0$0$249,996
79$629,750$0$0$214,175
80$545,550$0$0$172,769
81$448,086$0$0$125,148
82$335,858$0$0$70,613
83$207,207$0$0$8,396
84$60,303$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0