Can I retire at age 50 with 693,000?

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 $693,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$57,227$56,718$56,220$55,735$55,261$54,390
2 years$28,330$27,803$27,291$26,796$26,315$25,440
3 years$18,699$18,169$17,659$17,168$16,695$15,843
4 years$13,885$13,356$12,851$12,369$11,907$11,085
5 years$10,997$10,472$9,973$9,500$9,052$8,261
6 years$9,072$8,551$8,060$7,598$7,162$6,404
7 years$7,698$7,181$6,698$6,246$5,825$5,100
8 years$6,668$6,155$5,680$5,240$4,832$4,140
9 years$5,867$5,359$4,892$4,463$4,069$3,410
10 years$5,226$4,724$4,265$3,847$3,467$2,840
11 years$4,703$4,206$3,755$3,348$2,982$2,386
12 years$4,267$3,775$3,333$2,937$2,584$2,019
13 years$3,898$3,411$2,977$2,593$2,253$1,718
14 years$3,583$3,101$2,675$2,302$1,975$1,469
15 years$3,309$2,833$2,415$2,053$1,739$1,261
16 years$3,070$2,599$2,190$1,838$1,537$1,086
17 years$2,860$2,393$1,993$1,651$1,363$938
18 years$2,673$2,212$1,819$1,488$1,212$812
19 years$2,506$2,050$1,665$1,345$1,080$704
20 years$2,355$1,905$1,528$1,218$965$612
21 years$2,220$1,774$1,406$1,105$863$532
22 years$2,096$1,656$1,296$1,005$774$464
23 years$1,984$1,549$1,196$915$695$405
24 years$1,881$1,451$1,106$835$624$353
25 years$1,787$1,362$1,025$762$562$309
26 years$1,700$1,280$950$697$506$270
27 years$1,619$1,205$882$638$456$236
28 years$1,545$1,135$820$585$412$207
29 years$1,475$1,071$763$536$372$181
30 years$1,411$1,011$711$492$336$159
31 years$1,350$956$663$452$304$139
32 years$1,294$905$619$415$275$122
33 years$1,241$857$578$382$249$107
34 years$1,191$812$540$351$225$94
35 years$1,145$770$505$323$204$82
36 years$1,101$731$472$298$185$72
37 years$1,059$694$442$274$167$63
38 years$1,020$660$414$253$152$56
39 years$983$627$388$233$138$49
40 years$947$597$363$215$125$43
41 years$914$568$341$198$113$38
42 years$882$541$320$183$103$33
43 years$852$516$300$169$93$29
44 years$823$491$281$156$85$26
45 years$796$469$264$144$77$22
46 years$770$447$248$133$70$20
47 years$745$427$233$123$63$17
48 years$721$407$219$114$58$15
49 years$698$389$206$105$52$13
50 years$677$372$194$97$47$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $693,000, adding $4,861 every year, while hoping to spend $22,473 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: 76/7/17 Blend
49$693,000$693,000$693,000$693,000
50$768,700$731,971$721,230$823,832
51$823,196$743,927$721,480$872,902
52$882,498$755,715$720,985$923,412
53$947,072$767,304$719,697$978,186
54$1,017,430$778,659$717,564$1,037,641
55$1,094,139$789,744$714,533$1,102,240
56$1,177,819$800,519$710,548$1,172,488
57$1,269,155$810,943$705,550$1,248,948
58$1,368,901$820,971$699,477$1,332,234
59$1,477,884$830,554$692,265$1,423,028
60$1,597,018$839,641$683,846$1,522,077
61$1,727,308$848,178$674,149$1,630,207
62$1,869,861$856,106$663,101$1,748,328
63$2,025,895$863,363$650,622$1,877,441
64$2,196,751$869,883$636,633$2,018,653
65$2,383,908$875,595$621,049$2,173,179
66$2,588,992$880,424$603,779$2,342,362
67$2,813,795$884,291$584,731$2,527,680
68$3,060,290$887,110$563,808$2,730,763
69$3,330,653$888,791$540,909$2,953,408
70$3,627,275$889,238$515,925$3,197,593
71$3,952,796$888,349$488,747$3,465,500
72$4,310,119$886,016$459,258$3,759,534
73$4,702,445$882,124$427,337$4,082,346
74$5,133,297$876,551$392,856$4,436,855
75$5,606,560$869,169$355,682$4,826,282
76$6,126,509$859,838$315,678$5,254,173
77$6,697,858$848,415$272,698$5,724,441
78$7,325,798$834,746$226,592$6,241,395
79$8,016,047$818,666$177,201$6,809,785
80$8,774,907$800,004$124,360$7,434,846
81$9,609,319$778,576$67,898$8,122,350
82$10,526,931$754,188$7,634$8,878,655
83$11,536,170$726,635$0$9,710,772
84$12,646,319$695,700$0$10,636,705
85$13,867,607$661,153$0$11,656,835
86$15,211,305$622,751$0$12,779,196
87$16,689,830$580,237$0$14,014,170
88$18,316,864$533,340$0$15,373,195
89$20,107,482$481,772$0$16,868,876
90$22,078,296$425,230$0$18,515,102
91$24,247,608$363,392$0$20,327,179
92$26,635,586$295,920$0$22,321,971
93$29,264,451$222,456$0$24,518,065
94$32,158,690$142,621$0$26,935,939
95$35,345,283$56,015$0$29,598,160
96$38,853,960$0$0$32,529,597
97$42,717,481$0$0$35,760,565
98$46,971,945$0$0$39,323,253
99$51,657,128$0$0$43,246,662
100$56,816,862$0$0$47,567,500