Can I retire at age 50 with 654,000?

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 $654,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$54,007$53,526$53,056$52,598$52,151$51,736
2 years$26,736$26,238$25,755$25,288$24,834$24,415
3 years$17,647$17,147$16,666$16,202$15,756$15,347
4 years$13,103$12,605$12,128$11,673$11,237$10,841
5 years$10,378$9,882$9,412$8,966$8,542$8,160
6 years$8,561$8,070$7,606$7,170$6,759$6,391
7 years$7,265$6,777$6,321$5,895$5,497$5,144
8 years$6,292$5,809$5,361$4,945$4,560$4,222
9 years$5,537$5,058$4,617$4,212$3,840$3,516
10 years$4,932$4,458$4,025$3,631$3,272$2,962
11 years$4,438$3,969$3,544$3,160$2,814$2,518
12 years$4,027$3,562$3,145$2,772$2,439$2,157
13 years$3,679$3,219$2,810$2,447$2,127$1,858
14 years$3,381$2,926$2,525$2,172$1,864$1,609
15 years$3,123$2,673$2,279$1,937$1,641$1,399
16 years$2,897$2,453$2,067$1,735$1,451$1,221
17 years$2,699$2,259$1,881$1,558$1,286$1,068
18 years$2,522$2,087$1,717$1,404$1,144$937
19 years$2,365$1,934$1,572$1,269$1,019$824
20 years$2,223$1,797$1,442$1,149$911$726
21 years$2,095$1,674$1,327$1,043$815$641
22 years$1,978$1,563$1,223$948$730$567
23 years$1,872$1,462$1,129$864$656$501
24 years$1,775$1,370$1,044$788$589$444
25 years$1,686$1,285$967$719$530$394
26 years$1,604$1,208$897$658$478$350
27 years$1,528$1,137$833$602$431$311
28 years$1,458$1,071$774$552$389$276
29 years$1,392$1,011$720$506$351$246
30 years$1,331$954$671$464$317$219
31 years$1,274$902$626$426$287$195
32 years$1,221$854$584$392$259$173
33 years$1,171$808$545$360$235$154
34 years$1,124$766$509$332$212$138
35 years$1,080$727$476$305$192$123
36 years$1,039$690$445$281$174$109
37 years$999$655$417$259$158$98
38 years$962$623$390$239$143$87
39 years$927$592$366$220$130$78
40 years$894$563$343$203$118$69
41 years$863$536$321$187$107$62
42 years$833$511$302$173$97$55
43 years$804$487$283$160$88$49
44 years$777$464$266$147$80$44
45 years$751$442$249$136$73$39
46 years$727$422$234$126$66$35
47 years$703$403$220$116$60$31
48 years$681$384$207$107$54$28
49 years$659$367$194$99$49$25
50 years$639$351$183$92$45$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $654,000, adding $6,694 every year, while hoping to spend $41,839 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: 65/9/26 Blend
49$654,000$654,000$654,000$654,000
50$727,613$692,951$682,814$769,541
51$757,313$682,389$661,172$788,087
52$788,640$669,908$637,402$803,072
53$821,717$655,368$611,390$818,517
54$856,675$638,624$583,015$834,471
55$893,659$619,520$552,150$850,988
56$932,829$597,893$518,663$868,131
57$974,356$573,569$482,417$885,971
58$1,018,431$546,364$443,268$904,587
59$1,065,258$516,083$401,065$924,069
60$1,115,065$482,522$355,652$944,517
61$1,168,099$445,462$306,863$966,043
62$1,224,629$404,674$254,527$988,774
63$1,284,954$359,916$198,466$1,012,851
64$1,349,396$310,929$138,492$1,038,433
65$1,418,314$257,444$74,411$1,065,696
66$1,492,096$199,173$6,018$1,094,839
67$1,571,172$135,814$0$1,126,083
68$1,656,009$67,047$0$1,178,253
69$1,747,125$0$0$1,236,034
70$1,845,083$0$0$1,298,867
71$1,950,506$0$0$1,373,664
72$2,064,074$0$0$1,454,273
73$2,186,537$0$0$1,541,230
74$2,318,716$0$0$1,635,123
75$2,461,516$0$0$1,736,599
76$2,615,930$0$0$1,846,368
77$2,783,049$0$0$1,965,212
78$2,964,074$0$0$2,093,988
79$3,160,323$0$0$2,233,643
80$3,373,248$0$0$2,385,213
81$3,604,445$0$0$2,549,841
82$3,855,668$0$0$2,728,784
83$4,128,848$0$0$2,923,422
84$4,426,110$0$0$3,135,278
85$4,749,790$0$0$3,366,022
86$5,102,460$0$0$3,617,498
87$5,486,951$0$0$3,891,731
88$5,906,377$0$0$4,190,951
89$6,364,167$0$0$4,517,612
90$6,864,094$0$0$4,874,417
91$7,410,314$0$0$5,264,341
92$8,007,399$0$0$5,690,658
93$8,660,387$0$0$6,156,974
94$9,374,820$0$0$6,667,259
95$10,156,804$0$0$7,225,885
96$11,013,062$0$0$7,837,665
97$11,950,997$0$0$8,507,902
98$12,978,761$0$0$9,242,432
99$14,105,333$0$0$10,047,687
100$15,340,601$0$0$10,930,747