Can I retire at age 50 with 649,000?

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 $649,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$53,594$53,116$52,651$52,196$51,752$50,958
2 years$26,532$26,037$25,559$25,094$24,644$23,845
3 years$17,512$17,016$16,538$16,078$15,635$14,857
4 years$13,003$12,508$12,035$11,583$11,151$10,400
5 years$10,299$9,807$9,340$8,897$8,477$7,755
6 years$8,496$8,008$7,548$7,115$6,707$6,015
7 years$7,209$6,725$6,273$5,850$5,455$4,793
8 years$6,244$5,765$5,320$4,907$4,525$3,893
9 years$5,494$5,019$4,582$4,180$3,811$3,209
10 years$4,895$4,424$3,994$3,603$3,247$2,674
11 years$4,404$3,939$3,517$3,136$2,793$2,248
12 years$3,996$3,535$3,121$2,750$2,420$1,903
13 years$3,651$3,195$2,788$2,428$2,110$1,621
14 years$3,355$2,904$2,505$2,156$1,850$1,387
15 years$3,099$2,653$2,262$1,922$1,629$1,191
16 years$2,875$2,434$2,051$1,721$1,440$1,026
17 years$2,678$2,241$1,866$1,547$1,276$887
18 years$2,503$2,071$1,704$1,394$1,135$768
19 years$2,346$1,920$1,560$1,259$1,012$667
20 years$2,206$1,784$1,431$1,141$904$580
21 years$2,079$1,661$1,317$1,035$809$505
22 years$1,963$1,551$1,213$941$725$440
23 years$1,858$1,451$1,120$857$651$384
24 years$1,762$1,359$1,036$782$585$336
25 years$1,673$1,275$960$714$526$294
26 years$1,592$1,199$890$653$474$257
27 years$1,516$1,128$826$598$427$225
28 years$1,446$1,063$768$547$386$197
29 years$1,382$1,003$715$502$348$173
30 years$1,321$947$666$461$315$152
31 years$1,265$895$621$423$284$133
32 years$1,212$847$579$389$257$117
33 years$1,162$802$541$358$233$102
34 years$1,116$760$505$329$211$90
35 years$1,072$721$472$303$191$79
36 years$1,031$685$442$279$173$69
37 years$992$650$414$257$157$61
38 years$955$618$387$237$142$53
39 years$920$588$363$218$129$47
40 years$887$559$340$201$117$41
41 years$856$532$319$186$106$36
42 years$826$507$299$172$96$32
43 years$798$483$281$158$87$28
44 years$771$460$264$146$79$25
45 years$745$439$247$135$72$22
46 years$721$419$232$125$65$19
47 years$698$400$218$115$59$17
48 years$675$381$205$106$54$15
49 years$654$364$193$98$49$13
50 years$634$348$181$91$44$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $649,000, adding $5,593 every year, while hoping to spend $41,607 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: 39/41/20 Blend
49$649,000$649,000$649,000$649,000
50$720,967$686,570$676,511$744,595
51$750,236$675,943$654,904$751,468
52$781,096$663,400$631,180$754,526
53$813,666$648,804$605,222$756,976
54$848,074$632,009$576,910$758,788
55$884,460$612,861$546,120$759,928
56$922,980$591,196$512,720$760,366
57$963,800$566,841$476,572$760,072
58$1,007,105$539,613$437,534$759,015
59$1,053,093$509,318$395,456$757,168
60$1,101,986$475,751$350,180$754,505
61$1,154,021$438,696$301,545$751,002
62$1,209,463$397,924$249,378$746,638
63$1,268,599$353,193$193,503$741,396
64$1,331,743$304,246$133,732$735,263
65$1,399,241$250,814$69,872$728,231
66$1,471,471$192,612$1,720$720,298
67$1,548,848$129,337$0$711,469
68$1,631,827$60,670$0$716,910
69$1,720,907$0$0$722,868
70$1,816,637$0$0$735,249
71$1,919,617$0$0$778,074
72$2,030,508$0$0$824,254
73$2,150,035$0$0$874,099
74$2,278,995$0$0$927,951
75$2,418,263$0$0$986,183
76$2,568,801$0$0$1,049,207
77$2,731,666$0$0$1,117,476
78$2,908,019$0$0$1,191,489
79$3,099,140$0$0$1,271,791
80$3,306,431$0$0$1,358,986
81$3,531,438$0$0$1,453,735
82$3,775,860$0$0$1,556,766
83$4,041,566$0$0$1,668,882
84$4,330,612$0$0$1,790,963
85$4,645,259$0$0$1,923,979
86$4,987,998$0$0$2,068,999
87$5,361,568$0$0$2,227,197
88$5,768,982$0$0$2,399,867
89$6,213,560$0$0$2,588,433
90$6,698,953$0$0$2,794,461
91$7,229,182$0$0$3,019,677
92$7,808,672$0$0$3,265,982
93$8,442,298$0$0$3,535,465
94$9,135,423$0$0$3,830,431
95$9,893,955$0$0$4,153,416
96$10,724,399$0$0$4,507,211
97$11,633,918$0$0$4,894,894
98$12,630,400$0$0$5,319,850
99$13,722,533$0$0$5,785,811
100$14,919,884$0$0$6,296,885