Can I retire at age 50 with 660,000?

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 $660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$54,502$54,017$53,543$53,081$52,629$51,588
2 years$26,981$26,479$25,992$25,520$25,062$24,017
3 years$17,809$17,304$16,818$16,351$15,900$14,884
4 years$13,224$12,720$12,239$11,780$11,340$10,361
5 years$10,473$9,973$9,498$9,048$8,621$7,682
6 years$8,640$8,144$7,676$7,236$6,821$5,923
7 years$7,331$6,839$6,379$5,949$5,547$4,690
8 years$6,350$5,862$5,410$4,990$4,602$3,786
9 years$5,587$5,104$4,659$4,251$3,876$3,100
10 years$4,977$4,499$4,062$3,664$3,302$2,566
11 years$4,479$4,005$3,576$3,189$2,840$2,142
12 years$4,064$3,595$3,174$2,797$2,461$1,801
13 years$3,713$3,249$2,836$2,469$2,146$1,522
14 years$3,412$2,953$2,548$2,192$1,881$1,293
15 years$3,152$2,698$2,300$1,955$1,656$1,102
16 years$2,924$2,475$2,086$1,750$1,464$943
17 years$2,723$2,279$1,898$1,573$1,298$808
18 years$2,545$2,106$1,732$1,417$1,154$694
19 years$2,386$1,952$1,586$1,281$1,029$598
20 years$2,243$1,814$1,456$1,160$919$516
21 years$2,114$1,690$1,339$1,053$822$445
22 years$1,996$1,577$1,234$957$737$385
23 years$1,889$1,475$1,139$872$662$333
24 years$1,792$1,382$1,054$795$595$289
25 years$1,702$1,297$976$726$535$250
26 years$1,619$1,219$905$664$482$217
27 years$1,542$1,147$840$608$435$188
28 years$1,471$1,081$781$557$392$164
29 years$1,405$1,020$727$511$354$142
30 years$1,343$963$677$469$320$123
31 years$1,286$910$631$430$289$107
32 years$1,232$861$589$395$262$93
33 years$1,182$816$550$364$237$81
34 years$1,135$773$514$335$214$71
35 years$1,090$733$480$308$194$61
36 years$1,048$696$449$284$176$53
37 years$1,009$661$421$261$159$47
38 years$971$628$394$241$145$40
39 years$936$597$369$222$131$35
40 years$902$568$346$205$119$31
41 years$871$541$324$189$108$27
42 years$840$515$304$174$98$23
43 years$812$491$286$161$89$20
44 years$784$468$268$149$81$18
45 years$758$446$252$137$73$15
46 years$733$426$236$127$66$13
47 years$710$406$222$117$60$12
48 years$687$388$209$108$55$10
49 years$665$370$196$100$50$9
50 years$644$354$184$93$45$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $660,000, adding $6,733 every year, while hoping to spend $36,771 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: 55/19/26 Blend
49$660,000$660,000$660,000$660,000
50$734,265$699,285$689,055$769,054
51$770,036$694,426$673,014$788,870
52$808,223$688,096$655,204$806,060
53$849,034$680,185$635,526$824,025
54$892,697$670,576$613,877$842,853
55$939,460$659,142$590,150$862,643
56$989,599$645,753$564,233$883,502
57$1,043,412$630,270$536,009$905,555
58$1,101,230$612,542$505,355$928,938
59$1,163,413$592,415$472,143$953,805
60$1,230,361$569,723$436,239$980,328
61$1,302,507$544,289$397,503$1,008,699
62$1,380,332$515,928$355,788$1,039,132
63$1,464,362$484,445$310,943$1,071,865
64$1,555,174$449,630$262,807$1,107,166
65$1,653,405$411,265$211,215$1,145,330
66$1,759,754$369,118$155,991$1,186,690
67$1,874,987$322,943$96,955$1,231,611
68$1,999,950$272,482$33,917$1,280,505
69$2,135,571$217,459$0$1,333,826
70$2,282,871$157,587$0$1,401,333
71$2,442,975$92,560$0$1,484,979
72$2,617,117$22,054$0$1,576,028
73$2,806,659$0$0$1,675,237
74$3,013,095$0$0$1,794,787
75$3,238,073$0$0$1,930,155
76$3,483,404$0$0$2,077,829
77$3,751,083$0$0$2,239,015
78$4,043,305$0$0$2,415,043
79$4,362,487$0$0$2,607,378
80$4,711,287$0$0$2,817,629
81$5,092,637$0$0$3,047,571
82$5,509,759$0$0$3,299,158
83$5,966,204$0$0$3,574,540
84$6,465,881$0$0$3,876,085
85$7,013,097$0$0$4,206,401
86$7,612,590$0$0$4,568,361
87$8,269,583$0$0$4,965,127
88$8,989,825$0$0$5,400,183
89$9,779,650$0$0$5,877,366
90$10,646,031$0$0$6,400,903
91$11,596,653$0$0$6,975,447
92$12,639,977$0$0$7,606,127
93$13,785,324$0$0$8,298,591
94$15,042,964$0$0$9,059,060
95$16,424,205$0$0$9,894,389
96$17,941,510$0$0$10,812,127
97$19,608,603$0$0$11,820,592
98$21,440,608$0$0$12,928,949
99$23,454,183$0$0$14,147,291
100$25,667,681$0$0$15,486,741