Can I retire at age 50 with 646,000?

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 $646,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$53,346$52,871$52,407$51,955$51,513$50,391
2 years$26,409$25,917$25,440$24,978$24,530$23,405
3 years$17,431$16,937$16,462$16,004$15,563$14,470
4 years$12,943$12,451$11,980$11,530$11,100$10,048
5 years$10,251$9,761$9,297$8,856$8,438$7,429
6 years$8,457$7,971$7,513$7,082$6,676$5,713
7 years$7,176$6,694$6,244$5,823$5,430$4,511
8 years$6,215$5,738$5,295$4,885$4,504$3,631
9 years$5,469$4,996$4,561$4,161$3,793$2,964
10 years$4,872$4,404$3,976$3,586$3,232$2,446
11 years$4,384$3,920$3,500$3,121$2,780$2,035
12 years$3,977$3,519$3,107$2,738$2,409$1,706
13 years$3,634$3,180$2,775$2,417$2,101$1,437
14 years$3,340$2,890$2,494$2,146$1,841$1,216
15 years$3,085$2,640$2,252$1,913$1,621$1,033
16 years$2,862$2,423$2,041$1,713$1,433$881
17 years$2,666$2,231$1,858$1,539$1,271$752
18 years$2,491$2,062$1,696$1,387$1,130$644
19 years$2,336$1,911$1,552$1,254$1,007$553
20 years$2,196$1,775$1,425$1,135$899$475
21 years$2,069$1,654$1,310$1,030$805$408
22 years$1,954$1,544$1,208$937$721$352
23 years$1,849$1,444$1,115$853$648$303
24 years$1,754$1,353$1,031$778$582$262
25 years$1,665$1,270$955$711$524$226
26 years$1,584$1,193$886$650$472$195
27 years$1,509$1,123$823$595$425$169
28 years$1,440$1,058$765$545$384$146
29 years$1,375$998$712$500$347$126
30 years$1,315$943$663$459$313$109
31 years$1,259$891$618$421$283$95
32 years$1,206$843$577$387$256$82
33 years$1,157$799$538$356$232$71
34 years$1,111$757$503$328$210$61
35 years$1,067$718$470$302$190$53
36 years$1,026$681$440$278$172$46
37 years$987$647$412$256$156$40
38 years$951$615$386$236$142$35
39 years$916$585$361$217$128$30
40 years$883$556$339$201$116$26
41 years$852$530$318$185$106$23
42 years$822$504$298$171$96$20
43 years$794$481$279$158$87$17
44 years$768$458$262$146$79$15
45 years$742$437$246$134$72$13
46 years$718$417$231$124$65$11
47 years$694$398$217$115$59$10
48 years$672$380$204$106$54$8
49 years$651$363$192$98$49$7
50 years$631$346$181$91$44$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $646,000, adding $4,437 every year, while hoping to spend $48,252 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: 50/22/28 Blend
49$646,000$646,000$646,000$646,000
50$716,469$682,231$672,218$746,420
51$738,209$664,320$643,397$749,905
52$760,549$643,915$611,994$748,533
53$783,500$620,842$577,871$746,098
54$807,071$594,917$540,884$742,522
55$831,272$565,948$500,883$737,721
56$856,110$533,727$457,711$731,609
57$881,593$498,040$411,204$724,090
58$907,728$458,656$361,192$715,068
59$934,519$415,333$307,494$704,435
60$961,970$367,815$249,925$692,083
61$990,083$315,830$188,290$677,892
62$1,018,859$259,092$122,385$661,739
63$1,048,295$197,300$51,997$643,491
64$1,078,387$130,134$0$623,008
65$1,109,128$57,256$0$607,048
66$1,140,508$0$0$605,575
67$1,172,514$0$0$608,193
68$1,205,128$0$0$624,971
69$1,238,329$0$0$642,034
70$1,272,090$0$0$659,367
71$1,306,379$0$0$676,952
72$1,341,159$0$0$694,765
73$1,376,385$0$0$712,782
74$1,412,004$0$0$730,971
75$1,447,956$0$0$749,299
76$1,484,170$0$0$767,725
77$1,520,567$0$0$786,203
78$1,557,055$0$0$804,681
79$1,593,528$0$0$823,100
80$1,629,867$0$0$841,393
81$1,665,937$0$0$859,483
82$1,701,587$0$0$877,284
83$1,736,642$0$0$894,701
84$1,770,911$0$0$911,623
85$1,804,174$0$0$927,931
86$1,836,188$0$0$943,486
87$1,866,679$0$0$958,137
88$1,895,341$0$0$971,712
89$1,921,832$0$0$984,021
90$1,945,770$0$0$994,851
91$1,966,728$0$0$1,003,965
92$1,984,232$0$0$1,011,099
93$1,997,755$0$0$1,015,961
94$2,006,707$0$0$1,018,222
95$2,010,436$0$0$1,017,521
96$2,008,214$0$0$1,013,455
97$1,999,237$0$0$1,005,577
98$1,982,609$0$0$993,390
99$1,957,337$0$0$976,347
100$1,922,322$0$0$953,835