Can I retire at age 50 with 669,000?

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 $669,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$55,245$54,753$54,273$53,805$53,347$52,399
2 years$27,349$26,840$26,346$25,868$25,403$24,451
3 years$18,052$17,540$17,048$16,574$16,117$15,190
4 years$13,404$12,894$12,406$11,940$11,495$10,601
5 years$10,616$10,109$9,628$9,171$8,738$7,880
6 years$8,758$8,255$7,781$7,334$6,914$6,093
7 years$7,431$6,932$6,466$6,030$5,623$4,838
8 years$6,437$5,942$5,484$5,058$4,665$3,916
9 years$5,664$5,174$4,723$4,309$3,929$3,216
10 years$5,045$4,560$4,118$3,714$3,347$2,670
11 years$4,540$4,060$3,625$3,232$2,879$2,237
12 years$4,119$3,644$3,217$2,835$2,495$1,886
13 years$3,763$3,293$2,874$2,503$2,175$1,600
14 years$3,458$2,993$2,583$2,222$1,907$1,363
15 years$3,195$2,734$2,332$1,982$1,679$1,166
16 years$2,964$2,509$2,114$1,774$1,484$1,001
17 years$2,761$2,311$1,924$1,594$1,316$861
18 years$2,580$2,135$1,756$1,437$1,170$743
19 years$2,419$1,979$1,608$1,298$1,043$642
20 years$2,274$1,839$1,475$1,176$931$556
21 years$2,143$1,713$1,357$1,067$834$482
22 years$2,024$1,599$1,251$970$747$418
23 years$1,915$1,495$1,155$884$671$363
24 years$1,816$1,401$1,068$806$603$316
25 years$1,725$1,315$989$736$542$275
26 years$1,641$1,236$917$673$489$239
27 years$1,563$1,163$852$616$441$209
28 years$1,491$1,096$792$564$397$182
29 years$1,424$1,034$737$518$359$159
30 years$1,362$976$686$475$324$138
31 years$1,304$923$640$436$293$121
32 years$1,249$873$597$401$265$105
33 years$1,198$827$558$369$240$92
34 years$1,150$784$521$339$217$80
35 years$1,105$743$487$312$197$70
36 years$1,063$706$456$288$178$61
37 years$1,022$670$426$265$162$54
38 years$985$637$399$244$147$47
39 years$949$606$374$225$133$41
40 years$915$576$351$208$121$36
41 years$882$548$329$192$109$31
42 years$852$522$308$177$99$27
43 years$823$498$289$163$90$24
44 years$795$474$272$151$82$21
45 years$768$452$255$139$74$18
46 years$743$432$240$129$67$16
47 years$719$412$225$119$61$14
48 years$696$393$212$110$56$12
49 years$674$375$199$101$50$11
50 years$653$359$187$94$46$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $669,000, adding $5,326 every year, while hoping to spend $38,908 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: 68/10/22 Blend
49$669,000$669,000$669,000$669,000
50$742,732$707,275$696,905$788,773
51$777,093$700,533$678,854$813,538
52$813,654$692,158$658,894$835,626
53$852,600$682,026$636,920$858,861
54$894,131$670,011$612,822$883,356
55$938,466$655,976$586,486$909,236
56$985,848$639,777$557,791$936,639
57$1,036,540$621,262$526,613$965,718
58$1,090,832$600,268$492,819$996,645
59$1,149,041$576,626$456,273$1,029,607
60$1,211,516$550,153$416,831$1,064,815
61$1,278,640$520,660$374,344$1,102,502
62$1,350,833$487,944$328,655$1,142,925
63$1,428,554$451,790$279,602$1,186,370
64$1,512,312$411,972$227,014$1,233,155
65$1,602,661$368,252$170,712$1,283,631
66$1,700,212$320,377$110,511$1,338,187
67$1,805,638$268,079$46,217$1,397,253
68$1,919,675$211,077$0$1,461,308
69$2,043,134$149,072$0$1,536,137
70$2,176,907$81,750$0$1,628,987
71$2,321,975$8,779$0$1,729,697
72$2,479,414$0$0$1,839,038
73$2,650,411$0$0$1,965,584
74$2,836,270$0$0$2,104,212
75$3,038,425$0$0$2,255,033
76$3,258,455$0$0$2,419,226
77$3,498,097$0$0$2,598,094
78$3,759,261$0$0$2,793,068
79$4,044,052$0$0$3,005,724
80$4,354,783$0$0$3,237,795
81$4,694,003$0$0$3,491,189
82$5,064,518$0$0$3,768,009
83$5,469,414$0$0$4,070,568
84$5,912,092$0$0$4,401,411
85$6,396,294$0$0$4,763,343
86$6,926,141$0$0$5,159,451
87$7,506,172$0$0$5,593,135
88$8,141,383$0$0$6,068,139
89$8,837,278$0$0$6,588,585
90$9,599,916$0$0$7,159,013
91$10,435,972$0$0$7,784,425
92$11,352,797$0$0$8,470,327
93$12,358,488$0$0$9,222,785
94$13,461,961$0$0$10,048,482
95$14,673,041$0$0$10,954,776
96$16,002,546$0$0$11,949,775
97$17,462,396$0$0$13,042,408
98$19,065,720$0$0$14,242,514
99$20,826,980$0$0$15,560,928
100$22,762,111$0$0$17,009,589