Can I retire at age 50 with 638,000?

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 $638,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$52,685$52,216$51,758$51,311$50,875$49,168
2 years$26,082$25,596$25,125$24,669$24,226$22,523
3 years$17,215$16,727$16,258$15,806$15,370$13,724
4 years$12,783$12,296$11,832$11,387$10,962$9,387
5 years$10,124$9,641$9,182$8,746$8,333$6,832
6 years$8,352$7,872$7,420$6,995$6,594$5,168
7 years$7,087$6,611$6,166$5,751$5,363$4,012
8 years$6,138$5,667$5,229$4,824$4,449$3,173
9 years$5,401$4,934$4,504$4,109$3,746$2,543
10 years$4,812$4,349$3,927$3,542$3,192$2,060
11 years$4,330$3,872$3,457$3,083$2,745$1,682
12 years$3,928$3,475$3,068$2,704$2,379$1,381
13 years$3,589$3,140$2,741$2,387$2,075$1,141
14 years$3,298$2,855$2,463$2,119$1,819$946
15 years$3,047$2,608$2,224$1,890$1,601$787
16 years$2,827$2,393$2,016$1,692$1,415$656
17 years$2,633$2,203$1,835$1,520$1,255$548
18 years$2,461$2,036$1,675$1,370$1,116$459
19 years$2,307$1,887$1,533$1,238$994$385
20 years$2,168$1,754$1,407$1,121$888$323
21 years$2,043$1,633$1,294$1,018$795$272
22 years$1,930$1,525$1,193$925$713$229
23 years$1,827$1,426$1,101$843$640$193
24 years$1,732$1,336$1,019$769$575$162
25 years$1,645$1,254$943$702$517$137
26 years$1,565$1,178$875$642$466$115
27 years$1,491$1,109$812$587$420$97
28 years$1,422$1,045$755$538$379$82
29 years$1,358$986$703$494$342$69
30 years$1,299$931$655$453$309$59
31 years$1,243$880$610$416$280$49
32 years$1,191$833$569$382$253$42
33 years$1,143$789$532$352$229$35
34 years$1,097$747$497$323$207$30
35 years$1,054$709$464$298$188$25
36 years$1,013$673$435$274$170$21
37 years$975$639$407$253$154$18
38 years$939$607$381$233$140$15
39 years$905$578$357$215$127$13
40 years$872$549$334$198$115$11
41 years$841$523$314$183$104$9
42 years$812$498$294$169$95$8
43 years$784$475$276$156$86$7
44 years$758$452$259$144$78$6
45 years$733$431$243$133$71$5
46 years$709$412$229$123$64$4
47 years$686$393$215$113$58$3
48 years$664$375$202$105$53$3
49 years$643$358$190$97$48$2
50 years$623$342$178$89$44$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $638,000, adding $2,129 every year, while hoping to spend $27,902 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: 47/43/10 Blend
49$638,000$638,000$638,000$638,000
50$705,272$671,458$661,569$736,377
51$747,522$674,672$654,044$761,240
52$793,147$677,108$645,332$785,137
53$842,461$678,699$635,363$810,435
54$895,809$679,373$624,066$837,275
55$953,573$679,054$611,363$865,811
56$1,016,170$677,660$597,177$896,214
57$1,084,060$675,106$581,423$928,676
58$1,157,749$671,301$564,015$963,408
59$1,237,792$666,147$544,861$1,000,645
60$1,324,800$659,542$523,868$1,040,648
61$1,419,448$651,377$500,935$1,083,706
62$1,522,474$641,537$475,959$1,130,140
63$1,634,693$629,899$448,831$1,180,305
64$1,757,002$616,335$419,437$1,234,595
65$1,890,387$600,706$387,659$1,293,448
66$2,035,933$582,868$353,372$1,357,347
67$2,194,837$562,666$316,448$1,426,829
68$2,368,412$539,939$276,751$1,502,487
69$2,558,107$514,513$234,140$1,584,980
70$2,765,518$486,208$188,467$1,675,037
71$2,992,398$454,829$139,578$1,773,462
72$3,240,681$420,175$87,313$1,881,151
73$3,512,496$382,028$31,503$1,999,090
74$3,810,185$340,163$0$2,128,372
75$4,136,331$294,337$0$2,273,201
76$4,493,774$244,297$0$2,435,703
77$4,885,647$189,775$0$2,614,013
78$5,315,395$130,487$0$2,809,789
79$5,786,818$66,133$0$3,024,863
80$6,304,097$0$0$3,261,258
81$6,871,840$0$0$3,522,914
82$7,495,122$0$0$3,844,593
83$8,179,532$0$0$4,197,898
84$8,931,229$0$0$4,586,016
85$9,756,997$0$0$5,012,459
86$10,664,309$0$0$5,481,099
87$11,661,399$0$0$5,996,196
88$12,757,334$0$0$6,562,448
89$13,962,110$0$0$7,185,030
90$15,286,733$0$0$7,869,640
91$16,743,334$0$0$8,622,561
92$18,345,274$0$0$9,450,711
93$20,107,278$0$0$10,361,715
94$22,045,565$0$0$11,363,973
95$24,178,009$0$0$12,466,741
96$26,524,302$0$0$13,680,215
97$29,106,140$0$0$15,015,633
98$31,947,432$0$0$16,485,374
99$35,074,519$0$0$18,103,080
100$38,516,424$0$0$19,883,783