Can I retire at age 50 with 640,000?

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 $640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$52,851$52,380$51,921$51,472$51,034$49,361
2 years$26,164$25,676$25,204$24,746$24,302$22,632
3 years$17,269$16,780$16,309$15,855$15,418$13,804
4 years$12,823$12,335$11,869$11,423$10,996$9,451
5 years$10,156$9,671$9,211$8,774$8,359$6,886
6 years$8,378$7,897$7,443$7,016$6,614$5,215
7 years$7,109$6,632$6,186$5,769$5,379$4,053
8 years$6,158$5,685$5,246$4,839$4,463$3,209
9 years$5,418$4,950$4,518$4,122$3,758$2,575
10 years$4,827$4,363$3,939$3,553$3,202$2,088
11 years$4,343$3,884$3,468$3,092$2,754$1,707
12 years$3,941$3,486$3,078$2,712$2,387$1,404
13 years$3,600$3,150$2,750$2,395$2,081$1,161
14 years$3,309$2,864$2,471$2,126$1,824$964
15 years$3,056$2,616$2,231$1,896$1,606$803
16 years$2,835$2,400$2,022$1,697$1,420$671
17 years$2,641$2,210$1,840$1,525$1,259$561
18 years$2,468$2,042$1,680$1,374$1,119$471
19 years$2,314$1,893$1,538$1,242$998$395
20 years$2,175$1,759$1,411$1,125$891$333
21 years$2,050$1,638$1,298$1,021$797$280
22 years$1,936$1,529$1,197$928$715$236
23 years$1,832$1,430$1,105$845$642$199
24 years$1,737$1,340$1,022$771$577$168
25 years$1,650$1,258$946$704$519$142
26 years$1,570$1,182$878$644$467$120
27 years$1,495$1,112$815$589$421$101
28 years$1,426$1,048$758$540$380$86
29 years$1,362$989$705$495$343$72
30 years$1,303$934$657$454$310$61
31 years$1,247$883$612$417$280$52
32 years$1,195$835$571$384$254$44
33 years$1,146$791$533$353$230$37
34 years$1,100$750$498$324$208$31
35 years$1,057$711$466$299$188$27
36 years$1,016$675$436$275$171$22
37 years$978$641$408$253$155$19
38 years$942$609$382$234$140$16
39 years$908$579$358$215$127$14
40 years$875$551$335$199$115$12
41 years$844$525$315$183$105$10
42 years$815$500$295$169$95$8
43 years$787$476$277$156$86$7
44 years$760$454$260$144$78$6
45 years$735$433$244$133$71$5
46 years$711$413$229$123$64$4
47 years$688$394$215$114$59$4
48 years$666$376$202$105$53$3
49 years$645$359$190$97$48$3
50 years$625$343$179$90$44$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $640,000, adding $2,843 every year, while hoping to spend $45,668 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: 86/9/5 Blend
49$640,000$640,000$640,000$640,000
50$708,213$674,293$664,373$768,904
51$731,860$658,742$638,039$793,319
52$756,389$640,900$609,292$813,539
53$781,840$620,604$578,003$834,275
54$808,260$597,685$544,038$855,547
55$835,694$571,964$507,255$877,376
56$864,194$543,249$467,507$899,783
57$893,813$511,340$424,641$922,794
58$924,610$476,024$378,494$946,435
59$956,647$437,075$328,900$970,735
60$989,990$394,257$275,683$995,726
61$1,024,710$347,317$218,660$1,021,443
62$1,060,885$295,989$157,639$1,047,923
63$1,098,596$239,994$92,421$1,075,208
64$1,137,933$179,034$22,798$1,103,344
65$1,178,993$112,797$0$1,132,382
66$1,221,877$40,951$0$1,165,123
67$1,266,698$0$0$1,200,358
68$1,313,577$0$0$1,240,600
69$1,362,645$0$0$1,286,966
70$1,414,042$0$0$1,335,537
71$1,467,923$0$0$1,386,456
72$1,524,454$0$0$1,439,883
73$1,583,815$0$0$1,495,987
74$1,646,202$0$0$1,554,955
75$1,711,830$0$0$1,616,988
76$1,780,930$0$0$1,682,307
77$1,853,754$0$0$1,751,150
78$1,930,578$0$0$1,823,779
79$2,011,703$0$0$1,900,477
80$2,097,454$0$0$1,981,555
81$2,188,189$0$0$2,067,350
82$2,284,299$0$0$2,158,232
83$2,386,209$0$0$2,254,604
84$2,494,384$0$0$2,356,908
85$2,609,333$0$0$2,465,626
86$2,731,614$0$0$2,581,284
87$2,861,836$0$0$2,704,461
88$3,000,665$0$0$2,835,788
89$3,148,834$0$0$2,975,958
90$3,307,141$0$0$3,125,729
91$3,476,465$0$0$3,285,933
92$3,657,769$0$0$3,457,481
93$3,852,106$0$0$3,641,373
94$4,060,635$0$0$3,838,705
95$4,284,626$0$0$4,050,682
96$4,525,473$0$0$4,278,624
97$4,784,706$0$0$4,523,982
98$5,064,007$0$0$4,788,348
99$5,365,221$0$0$5,073,470
100$5,690,376$0$0$5,381,272