Can I retire at age 50 with 629,000?

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 $629,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$51,942$51,480$51,028$50,588$50,157$49,925
2 years$25,714$25,235$24,771$24,321$23,884$23,650
3 years$16,972$16,491$16,028$15,583$15,153$14,924
4 years$12,602$12,123$11,665$11,226$10,807$10,585
5 years$9,981$9,505$9,052$8,623$8,216$8,001
6 years$8,234$7,761$7,316$6,896$6,501$6,293
7 years$6,987$6,518$6,079$5,669$5,287$5,087
8 years$6,052$5,587$5,156$4,756$4,386$4,194
9 years$5,325$4,864$4,441$4,051$3,694$3,510
10 years$4,744$4,288$3,871$3,492$3,147$2,971
11 years$4,269$3,817$3,408$3,039$2,707$2,538
12 years$3,873$3,426$3,025$2,666$2,346$2,185
13 years$3,538$3,096$2,702$2,353$2,045$1,892
14 years$3,252$2,814$2,428$2,089$1,793$1,647
15 years$3,004$2,571$2,192$1,863$1,579$1,440
16 years$2,787$2,359$1,988$1,668$1,395$1,263
17 years$2,596$2,172$1,809$1,499$1,237$1,111
18 years$2,426$2,007$1,651$1,351$1,100$981
19 years$2,274$1,860$1,511$1,221$980$867
20 years$2,138$1,729$1,387$1,105$876$769
21 years$2,015$1,610$1,276$1,003$784$682
22 years$1,903$1,503$1,176$912$702$607
23 years$1,801$1,406$1,086$831$631$540
24 years$1,707$1,317$1,004$758$567$482
25 years$1,622$1,236$930$692$510$430
26 years$1,543$1,162$863$633$459$384
27 years$1,470$1,093$801$579$414$343
28 years$1,402$1,030$745$531$374$307
29 years$1,339$972$693$487$337$275
30 years$1,280$918$645$447$305$246
31 years$1,226$868$602$410$276$221
32 years$1,174$821$561$377$249$198
33 years$1,126$778$524$347$226$177
34 years$1,081$737$490$319$204$159
35 years$1,039$699$458$294$185$143
36 years$999$663$428$270$168$128
37 years$961$630$401$249$152$115
38 years$926$599$375$230$138$103
39 years$892$569$352$212$125$93
40 years$860$542$330$195$113$83
41 years$830$516$309$180$103$75
42 years$801$491$290$166$93$67
43 years$773$468$272$153$85$61
44 years$747$446$255$142$77$55
45 years$722$425$240$131$70$49
46 years$699$406$225$121$63$44
47 years$676$387$212$112$58$40
48 years$655$370$199$103$52$36
49 years$634$353$187$95$47$32
50 years$614$337$176$88$43$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $629,000, adding $5,151 every year, while hoping to spend $45,129 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: 34/50/16 Blend
49$629,000$629,000$629,000$629,000
50$698,471$665,134$655,385$718,598
51$721,698$649,709$629,323$718,342
52$745,782$632,015$600,876$713,479
53$770,762$611,894$569,916$707,266
54$796,681$589,178$536,309$699,610
55$823,584$563,689$499,917$690,410
56$851,518$535,239$460,592$679,562
57$880,535$503,628$418,185$666,956
58$910,691$468,646$372,535$652,475
59$942,042$430,071$323,476$635,998
60$974,654$387,667$270,835$617,397
61$1,008,592$341,186$214,431$596,536
62$1,043,929$290,365$154,076$573,273
63$1,080,743$234,927$89,571$547,459
64$1,119,117$174,577$20,710$518,939
65$1,159,143$109,006$0$487,547
66$1,200,915$37,888$0$462,123
67$1,244,541$0$0$437,833
68$1,290,131$0$0$432,515
69$1,337,809$0$0$448,777
70$1,387,708$0$0$465,820
71$1,439,969$0$0$483,696
72$1,494,748$0$0$502,462
73$1,552,214$0$0$522,179
74$1,612,548$0$0$542,914
75$1,675,950$0$0$564,739
76$1,742,636$0$0$587,734
77$1,812,838$0$0$611,984
78$1,886,814$0$0$637,582
79$1,964,841$0$0$664,633
80$2,047,222$0$0$693,245
81$2,134,288$0$0$723,542
82$2,226,400$0$0$755,656
83$2,323,951$0$0$789,733
84$2,427,372$0$0$825,931
85$2,537,133$0$0$864,424
86$2,653,747$0$0$905,402
87$2,777,778$0$0$949,074
88$2,909,840$0$0$995,666
89$3,050,608$0$0$1,045,429
90$3,200,818$0$0$1,098,637
91$3,361,281$0$0$1,155,588
92$3,532,881$0$0$1,216,613
93$3,716,589$0$0$1,282,072
94$3,913,472$0$0$1,352,360
95$4,124,697$0$0$1,427,913
96$4,351,546$0$0$1,509,207
97$4,595,427$0$0$1,596,765
98$4,857,885$0$0$1,691,164
99$5,140,616$0$0$1,793,035
100$5,445,483$0$0$1,903,071