Can I retire at age 50 with 667,000?

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 $667,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$55,080$54,590$54,111$53,644$53,188$51,986
2 years$27,267$26,760$26,267$25,790$25,327$24,124
3 years$17,998$17,488$16,997$16,524$16,069$14,900
4 years$13,364$12,855$12,369$11,905$11,460$10,336
5 years$10,584$10,079$9,599$9,144$8,712$7,634
6 years$8,732$8,230$7,757$7,312$6,893$5,864
7 years$7,409$6,912$6,447$6,012$5,606$4,626
8 years$6,417$5,924$5,467$5,043$4,651$3,718
9 years$5,647$5,158$4,709$4,296$3,917$3,032
10 years$5,030$4,547$4,105$3,703$3,337$2,499
11 years$4,526$4,048$3,614$3,223$2,870$2,077
12 years$4,107$3,633$3,208$2,827$2,487$1,738
13 years$3,752$3,283$2,866$2,496$2,169$1,462
14 years$3,448$2,984$2,575$2,215$1,901$1,236
15 years$3,185$2,726$2,325$1,976$1,674$1,049
16 years$2,955$2,501$2,108$1,769$1,479$892
17 years$2,752$2,304$1,918$1,589$1,312$761
18 years$2,572$2,129$1,751$1,432$1,166$651
19 years$2,412$1,973$1,603$1,294$1,040$557
20 years$2,267$1,833$1,471$1,172$929$478
21 years$2,136$1,708$1,353$1,064$831$411
22 years$2,018$1,594$1,247$967$745$353
23 years$1,910$1,491$1,151$881$669$304
24 years$1,811$1,397$1,065$803$601$262
25 years$1,720$1,311$986$734$541$226
26 years$1,636$1,232$915$671$487$195
27 years$1,558$1,159$849$614$439$168
28 years$1,487$1,093$790$563$396$145
29 years$1,420$1,031$735$516$358$125
30 years$1,358$973$684$474$323$108
31 years$1,300$920$638$435$292$94
32 years$1,245$871$595$400$264$81
33 years$1,194$824$556$368$239$70
34 years$1,147$781$519$338$217$60
35 years$1,102$741$486$311$196$52
36 years$1,059$703$454$287$178$45
37 years$1,019$668$425$264$161$39
38 years$982$635$398$243$146$34
39 years$946$604$373$225$132$29
40 years$912$574$350$207$120$25
41 years$880$547$328$191$109$22
42 years$849$521$308$176$99$19
43 years$820$496$289$163$90$16
44 years$792$473$271$150$81$14
45 years$766$451$254$139$74$12
46 years$741$430$239$128$67$11
47 years$717$411$224$118$61$9
48 years$694$392$211$109$55$8
49 years$672$374$198$101$50$7
50 years$651$358$186$93$46$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $667,000, adding $5,150 every year, while hoping to spend $51,050 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: 71/8/21 Blend
49$667,000$667,000$667,000$667,000
50$740,346$704,995$694,657$788,747
51$761,545$685,223$663,611$801,907
52$783,195$662,771$629,814$809,770
53$805,288$637,454$593,120$817,115
54$827,814$609,077$553,377$823,884
55$850,760$577,430$510,424$830,016
56$874,110$542,297$464,095$835,444
57$897,843$503,443$414,216$840,094
58$921,936$460,625$360,606$843,888
59$946,361$413,583$303,073$846,741
60$971,084$362,043$241,421$848,562
61$996,068$305,716$175,441$849,251
62$1,021,266$244,296$104,918$848,701
63$1,046,628$177,459$29,626$846,796
64$1,072,095$104,865$0$843,409
65$1,097,598$26,154$0$849,770
66$1,123,062$0$0$862,190
67$1,148,399$0$0$879,118
68$1,173,509$0$0$898,154
69$1,198,282$0$0$916,906
70$1,222,592$0$0$935,276
71$1,246,297$0$0$953,152
72$1,269,238$0$0$970,410
73$1,291,238$0$0$986,909
74$1,312,096$0$0$1,002,492
75$1,331,591$0$0$1,016,985
76$1,349,472$0$0$1,030,192
77$1,365,462$0$0$1,041,895
78$1,379,251$0$0$1,051,850
79$1,390,493$0$0$1,059,786
80$1,398,805$0$0$1,065,402
81$1,403,758$0$0$1,068,362
82$1,404,879$0$0$1,068,295
83$1,401,639$0$0$1,064,786
84$1,393,452$0$0$1,057,377
85$1,379,669$0$0$1,045,557
86$1,359,569$0$0$1,028,761
87$1,332,352$0$0$1,006,364
88$1,297,134$0$0$977,672
89$1,252,934$0$0$941,916
90$1,198,665$0$0$898,245
91$1,133,125$0$0$845,717
92$1,054,984$0$0$783,292
93$962,772$0$0$709,815
94$854,858$0$0$624,012
95$729,446$0$0$524,474
96$584,543$0$0$409,642
97$417,953$0$0$277,795
98$227,245$0$0$127,031
99$9,734$0$0$0
100$0$0$0$0