Can I retire at age 50 with 656,000?

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 $656,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$54,172$53,689$53,219$52,759$52,310$50,717
2 years$26,818$26,318$25,834$25,365$24,910$23,318
3 years$17,701$17,199$16,716$16,252$15,804$14,264
4 years$13,143$12,643$12,165$11,708$11,271$9,795
5 years$10,410$9,913$9,441$8,993$8,568$7,159
6 years$8,588$8,094$7,630$7,192$6,780$5,440
7 years$7,287$6,798$6,340$5,913$5,514$4,242
8 years$6,312$5,827$5,377$4,960$4,574$3,370
9 years$5,553$5,073$4,631$4,225$3,852$2,715
10 years$4,947$4,472$4,038$3,642$3,282$2,210
11 years$4,452$3,981$3,555$3,170$2,823$1,814
12 years$4,039$3,573$3,155$2,780$2,446$1,498
13 years$3,690$3,229$2,818$2,454$2,133$1,243
14 years$3,391$2,935$2,532$2,179$1,870$1,037
15 years$3,133$2,681$2,286$1,943$1,646$867
16 years$2,906$2,460$2,073$1,740$1,455$727
17 years$2,707$2,266$1,886$1,563$1,290$612
18 years$2,530$2,094$1,722$1,409$1,147$515
19 years$2,372$1,940$1,576$1,273$1,023$435
20 years$2,230$1,803$1,447$1,153$913$367
21 years$2,101$1,679$1,331$1,046$817$311
22 years$1,984$1,568$1,226$951$733$263
23 years$1,878$1,466$1,132$866$658$223
24 years$1,781$1,374$1,047$790$591$189
25 years$1,691$1,289$970$722$532$160
26 years$1,609$1,212$900$660$479$136
27 years$1,533$1,140$835$604$432$116
28 years$1,462$1,074$777$553$390$98
29 years$1,396$1,014$723$507$352$83
30 years$1,335$957$673$466$318$71
31 years$1,278$905$628$428$288$60
32 years$1,225$856$586$393$260$51
33 years$1,175$811$547$361$235$44
34 years$1,128$769$511$333$213$37
35 years$1,084$729$478$306$193$32
36 years$1,042$692$447$282$175$27
37 years$1,003$657$418$260$158$23
38 years$965$625$392$239$144$19
39 years$930$594$367$221$130$17
40 years$897$565$344$204$118$14
41 years$865$538$322$188$107$12
42 years$835$512$302$173$97$10
43 years$807$488$284$160$88$9
44 years$779$465$266$148$80$7
45 years$754$444$250$137$73$6
46 years$729$423$235$126$66$5
47 years$705$404$221$116$60$5
48 years$683$386$207$108$54$4
49 years$661$368$195$99$49$3
50 years$640$352$183$92$45$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $656,000, adding $3,172 every year, while hoping to spend $51,239 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: 55/16/29 Blend
49$656,000$656,000$656,000$656,000
50$726,184$691,416$681,248$760,127
51$745,737$670,777$649,552$763,270
52$765,567$647,410$615,077$761,161
53$785,648$621,127$577,675$757,841
54$805,950$591,728$537,193$753,214
55$826,438$559,004$493,471$747,174
56$847,072$522,733$446,339$739,610
57$867,806$482,678$395,623$730,401
58$888,585$438,593$341,140$719,419
59$909,351$390,214$282,698$706,526
60$930,033$337,263$220,097$691,574
61$950,555$279,447$153,129$674,404
62$970,828$216,457$81,575$654,847
63$990,754$147,965$5,209$632,718
64$1,010,220$73,624$0$607,821
65$1,029,102$0$0$603,551
66$1,047,259$0$0$600,549
67$1,064,534$0$0$609,942
68$1,080,749$0$0$618,659
69$1,095,709$0$0$626,580
70$1,109,194$0$0$633,571
71$1,120,959$0$0$639,482
72$1,130,730$0$0$644,146
73$1,138,204$0$0$647,379
74$1,143,042$0$0$648,973
75$1,144,870$0$0$648,701
76$1,143,269$0$0$646,306
77$1,137,776$0$0$641,508
78$1,127,876$0$0$633,993
79$1,112,999$0$0$623,413
80$1,092,512$0$0$609,384
81$1,065,714$0$0$591,479
82$1,031,828$0$0$569,225
83$989,994$0$0$542,100
84$939,260$0$0$509,526
85$878,572$0$0$470,860
86$806,765$0$0$425,396
87$722,548$0$0$372,349
88$624,496$0$0$310,854
89$511,033$0$0$239,953
90$380,416$0$0$158,588
91$230,720$0$0$65,590
92$59,817$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0