Can I retire at age 50 with 632,000?

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 $632,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$52,190$51,725$51,272$50,829$50,397$49,238
2 years$25,837$25,355$24,889$24,437$23,998$22,838
3 years$17,053$16,570$16,105$15,657$15,226$14,099
4 years$12,663$12,181$11,720$11,280$10,859$9,775
5 years$10,029$9,550$9,095$8,664$8,255$7,217
6 years$8,273$7,798$7,350$6,929$6,532$5,540
7 years$7,020$6,549$6,108$5,697$5,312$4,368
8 years$6,081$5,614$5,180$4,779$4,407$3,509
9 years$5,350$4,888$4,462$4,070$3,711$2,859
10 years$4,766$4,308$3,890$3,509$3,162$2,355
11 years$4,289$3,835$3,425$3,054$2,720$1,956
12 years$3,891$3,442$3,039$2,678$2,357$1,636
13 years$3,555$3,111$2,715$2,365$2,055$1,376
14 years$3,267$2,828$2,440$2,099$1,801$1,162
15 years$3,018$2,583$2,203$1,872$1,586$985
16 years$2,800$2,370$1,997$1,676$1,402$838
17 years$2,608$2,183$1,817$1,506$1,243$714
18 years$2,437$2,017$1,659$1,357$1,105$610
19 years$2,285$1,869$1,519$1,226$985$522
20 years$2,148$1,737$1,394$1,111$880$448
21 years$2,024$1,618$1,282$1,008$787$384
22 years$1,912$1,510$1,182$917$706$330
23 years$1,809$1,413$1,091$835$634$284
24 years$1,716$1,323$1,009$761$569$244
25 years$1,629$1,242$935$695$512$210
26 years$1,550$1,167$867$636$462$181
27 years$1,477$1,099$805$582$416$156
28 years$1,409$1,035$748$533$376$135
29 years$1,345$977$696$489$339$116
30 years$1,286$922$649$449$306$101
31 years$1,231$872$605$412$277$87
32 years$1,180$825$564$379$251$75
33 years$1,132$781$527$348$227$65
34 years$1,087$740$492$320$205$56
35 years$1,044$702$460$295$186$48
36 years$1,004$667$430$272$168$42
37 years$966$633$403$250$153$36
38 years$930$602$377$231$138$31
39 years$896$572$353$213$126$27
40 years$864$544$331$196$114$23
41 years$834$518$311$181$103$20
42 years$805$493$291$167$94$17
43 years$777$470$273$154$85$15
44 years$751$448$257$142$77$13
45 years$726$427$241$132$70$11
46 years$702$408$226$121$64$10
47 years$679$389$213$112$58$8
48 years$658$371$200$104$52$7
49 years$637$355$188$96$48$6
50 years$617$339$177$89$43$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $632,000, adding $5,534 every year, while hoping to spend $48,075 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: 80/12/8 Blend
49$632,000$632,000$632,000$632,000
50$702,172$668,676$658,880$757,170
51$722,642$650,290$629,801$775,624
52$743,589$629,392$598,137$788,987
53$765,011$605,807$563,750$802,210
54$786,903$579,352$526,496$815,255
55$809,259$549,833$486,227$828,078
56$832,072$517,044$442,784$840,635
57$855,330$480,766$396,004$852,875
58$879,020$440,769$345,716$864,742
59$903,124$396,811$291,742$876,177
60$927,622$348,634$233,894$887,113
61$952,489$295,966$171,978$897,478
62$977,694$238,520$105,792$907,194
63$1,003,205$175,993$35,121$916,174
64$1,028,979$108,065$0$924,325
65$1,054,972$34,396$0$934,984
66$1,081,128$0$0$948,021
67$1,107,386$0$0$966,324
68$1,133,676$0$0$989,188
69$1,159,918$0$0$1,012,000
70$1,186,021$0$0$1,034,679
71$1,211,882$0$0$1,057,133
72$1,237,384$0$0$1,079,262
73$1,262,397$0$0$1,100,947
74$1,286,774$0$0$1,122,060
75$1,310,349$0$0$1,142,454
76$1,332,936$0$0$1,161,966
77$1,354,329$0$0$1,180,412
78$1,374,295$0$0$1,197,587
79$1,392,575$0$0$1,213,262
80$1,408,880$0$0$1,227,182
81$1,422,888$0$0$1,239,062
82$1,434,238$0$0$1,248,585
83$1,442,533$0$0$1,255,398
84$1,447,326$0$0$1,259,109
85$1,448,124$0$0$1,259,282
86$1,444,379$0$0$1,255,432
87$1,435,481$0$0$1,247,023
88$1,420,754$0$0$1,233,457
89$1,399,449$0$0$1,214,073
90$1,370,734$0$0$1,188,139
91$1,333,690$0$0$1,154,841
92$1,287,297$0$0$1,113,281
93$1,230,424$0$0$1,062,462
94$1,161,824$0$0$1,001,282
95$1,080,111$0$0$928,520
96$983,757$0$0$842,828
97$871,070$0$0$742,712
98$740,178$0$0$626,523
99$589,013$0$0$492,437
100$415,289$0$0$338,436