Can I retire at age 50 with 651,000?

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 $651,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$53,759$53,280$52,813$52,357$51,912$50,493
2 years$26,613$26,118$25,637$25,172$24,720$23,301
3 years$17,566$17,068$16,589$16,128$15,683$14,308
4 years$13,043$12,547$12,073$11,619$11,185$9,865
5 years$10,330$9,837$9,369$8,925$8,503$7,241
6 years$8,522$8,033$7,571$7,137$6,728$5,526
7 years$7,231$6,746$6,292$5,868$5,472$4,329
8 years$6,263$5,782$5,336$4,922$4,539$3,456
9 years$5,511$5,035$4,596$4,193$3,823$2,797
10 years$4,910$4,438$4,007$3,614$3,257$2,288
11 years$4,418$3,951$3,528$3,145$2,801$1,888
12 years$4,008$3,546$3,131$2,759$2,428$1,567
13 years$3,662$3,204$2,797$2,436$2,117$1,308
14 years$3,365$2,913$2,513$2,162$1,856$1,097
15 years$3,109$2,661$2,269$1,928$1,634$923
16 years$2,884$2,441$2,057$1,727$1,444$778
17 years$2,686$2,248$1,872$1,551$1,280$658
18 years$2,511$2,078$1,709$1,398$1,138$558
19 years$2,354$1,925$1,564$1,263$1,015$474
20 years$2,213$1,789$1,436$1,144$906$403
21 years$2,085$1,667$1,321$1,038$811$343
22 years$1,969$1,556$1,217$944$727$292
23 years$1,864$1,455$1,124$860$653$249
24 years$1,767$1,363$1,039$784$587$212
25 years$1,678$1,279$963$716$528$181
26 years$1,597$1,202$893$655$475$155
27 years$1,521$1,132$829$599$429$132
28 years$1,451$1,066$771$549$387$113
29 years$1,386$1,006$717$504$349$97
30 years$1,325$950$668$462$316$83
31 years$1,269$898$623$424$285$71
32 years$1,216$850$581$390$258$61
33 years$1,166$805$543$359$234$52
34 years$1,119$763$507$330$211$44
35 years$1,075$723$474$304$192$38
36 years$1,034$687$443$280$174$33
37 years$995$652$415$258$157$28
38 years$958$620$389$238$143$24
39 years$923$589$364$219$129$20
40 years$890$561$341$202$117$18
41 years$859$534$320$186$106$15
42 years$829$508$300$172$97$13
43 years$800$484$282$159$88$11
44 years$773$462$264$147$80$9
45 years$748$440$248$135$72$8
46 years$723$420$233$125$66$7
47 years$700$401$219$116$60$6
48 years$677$383$206$107$54$5
49 years$656$365$193$99$49$4
50 years$636$349$182$91$45$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $651,000, adding $6,130 every year, while hoping to spend $34,378 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: 70/12/18 Blend
49$651,000$651,000$651,000$651,000
50$723,725$689,222$679,132$770,853
51$760,967$686,416$665,305$800,230
52$800,856$682,320$649,862$827,708
53$843,624$676,835$632,714$856,918
54$889,529$669,856$613,765$888,028
55$938,852$661,270$592,917$921,221
56$991,902$650,958$570,066$956,704
57$1,049,017$638,796$545,105$994,700
58$1,110,570$624,650$517,919$1,035,459
59$1,176,969$608,380$488,391$1,079,258
60$1,248,665$589,835$456,397$1,126,401
61$1,326,151$568,859$421,808$1,177,225
62$1,409,969$545,284$384,489$1,232,103
63$1,500,715$518,933$344,299$1,291,446
64$1,599,046$489,618$301,091$1,355,710
65$1,705,683$457,144$254,712$1,425,397
66$1,821,418$421,299$205,000$1,501,063
67$1,947,123$381,863$151,788$1,583,322
68$2,083,757$338,602$94,901$1,672,851
69$2,232,376$291,269$34,156$1,770,399
70$2,394,141$239,604$0$1,876,795
71$2,570,328$183,329$0$1,998,842
72$2,762,344$122,155$0$2,139,043
73$2,971,736$55,774$0$2,291,985
74$3,200,207$0$0$2,458,940
75$3,449,629$0$0$2,643,442
76$3,722,068$0$0$2,853,047
77$4,019,793$0$0$3,082,141
78$4,345,306$0$0$3,332,651
79$4,701,359$0$0$3,606,702
80$5,090,984$0$0$3,906,631
81$5,517,518$0$0$4,235,012
82$5,984,638$0$0$4,594,680
83$6,496,389$0$0$4,988,756
84$7,057,231$0$0$5,420,679
85$7,672,073$0$0$5,894,235
86$8,346,321$0$0$6,413,594
87$9,085,931$0$0$6,983,349
88$9,897,462$0$0$7,608,559
89$10,788,139$0$0$8,294,798
90$11,765,921$0$0$9,048,203
91$12,839,575$0$0$9,875,537
92$14,018,757$0$0$10,784,247
93$15,314,107$0$0$11,782,541
94$16,737,344$0$0$12,879,457
95$18,301,379$0$0$14,084,954
96$20,020,435$0$0$15,410,003
97$21,910,183$0$0$16,866,691
98$23,987,886$0$0$18,468,334
99$26,272,566$0$0$20,229,605
100$28,785,177$0$0$22,166,666