Can I retire at age 50 with 670,000?

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 $670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$55,328$54,835$54,354$53,885$53,427$51,675
2 years$27,390$26,880$26,386$25,906$25,441$23,693
3 years$18,079$17,566$17,073$16,598$16,141$14,452
4 years$13,424$12,913$12,425$11,958$11,512$9,894
5 years$10,632$10,124$9,642$9,185$8,751$7,209
6 years$8,771$8,267$7,792$7,345$6,924$5,459
7 years$7,442$6,943$6,476$6,039$5,631$4,243
8 years$6,446$5,951$5,492$5,066$4,672$3,359
9 years$5,672$5,182$4,730$4,315$3,934$2,696
10 years$5,053$4,567$4,124$3,720$3,352$2,186
11 years$4,547$4,066$3,630$3,237$2,883$1,787
12 years$4,125$3,649$3,222$2,839$2,498$1,470
13 years$3,769$3,298$2,879$2,507$2,179$1,216
14 years$3,464$2,998$2,586$2,225$1,910$1,009
15 years$3,199$2,739$2,335$1,985$1,682$841
16 years$2,968$2,513$2,117$1,777$1,486$702
17 years$2,765$2,314$1,927$1,597$1,318$588
18 years$2,584$2,138$1,759$1,439$1,172$493
19 years$2,422$1,982$1,610$1,300$1,044$414
20 years$2,277$1,841$1,478$1,178$933$348
21 years$2,146$1,715$1,359$1,069$835$293
22 years$2,027$1,601$1,253$972$748$247
23 years$1,918$1,497$1,157$885$672$208
24 years$1,819$1,403$1,070$807$604$176
25 years$1,727$1,317$991$737$543$148
26 years$1,643$1,237$919$674$489$125
27 years$1,565$1,165$853$617$441$106
28 years$1,493$1,097$793$565$398$90
29 years$1,426$1,035$738$518$359$76
30 years$1,364$978$688$476$325$64
31 years$1,306$924$641$437$294$54
32 years$1,251$875$598$401$266$46
33 years$1,200$828$558$369$240$39
34 years$1,152$785$522$340$218$33
35 years$1,107$745$488$313$197$28
36 years$1,064$707$456$288$179$23
37 years$1,024$671$427$265$162$20
38 years$986$638$400$245$147$17
39 years$950$607$375$226$133$14
40 years$916$577$351$208$121$12
41 years$884$549$329$192$110$10
42 years$853$523$309$177$99$9
43 years$824$498$290$163$90$7
44 years$796$475$272$151$82$6
45 years$770$453$255$139$74$5
46 years$744$432$240$129$67$4
47 years$720$412$225$119$61$4
48 years$697$394$212$110$56$3
49 years$675$376$199$102$51$3
50 years$654$359$187$94$46$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $670,000, adding $4,797 every year, while hoping to spend $49,743 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: 74/19/7 Blend
49$670,000$670,000$670,000$670,000
50$743,288$707,778$697,393$797,226
51$766,177$689,533$667,830$815,159
52$789,734$668,727$635,609$828,036
53$813,974$645,181$600,588$840,727
54$838,912$618,708$562,621$853,195
55$864,565$589,109$521,552$865,403
56$890,946$556,171$477,220$877,309
57$918,072$519,672$429,456$888,869
58$945,956$479,377$378,084$900,036
59$974,614$435,036$322,920$910,757
60$1,004,057$386,386$263,770$920,978
61$1,034,300$333,148$200,436$930,640
62$1,065,354$275,028$132,706$939,678
63$1,097,231$211,715$60,362$948,025
64$1,129,940$142,881$0$955,606
65$1,163,491$68,179$0$963,601
66$1,197,890$0$0$975,559
67$1,233,143$0$0$989,563
68$1,269,254$0$0$1,018,505
69$1,306,223$0$0$1,048,131
70$1,344,049$0$0$1,078,441
71$1,382,729$0$0$1,109,428
72$1,422,253$0$0$1,141,088
73$1,462,612$0$0$1,173,410
74$1,503,789$0$0$1,206,380
75$1,545,763$0$0$1,239,981
76$1,588,510$0$0$1,274,192
77$1,631,996$0$0$1,308,987
78$1,676,184$0$0$1,344,332
79$1,721,028$0$0$1,380,191
80$1,766,472$0$0$1,416,517
81$1,812,454$0$0$1,453,258
82$1,858,898$0$0$1,490,352
83$1,905,720$0$0$1,527,730
84$1,952,820$0$0$1,565,309
85$2,000,084$0$0$1,602,996
86$2,047,384$0$0$1,640,684
87$2,094,572$0$0$1,678,254
88$2,141,481$0$0$1,715,568
89$2,187,923$0$0$1,752,472
90$2,233,684$0$0$1,788,789
91$2,278,524$0$0$1,824,325
92$2,322,174$0$0$1,858,857
93$2,364,331$0$0$1,892,137
94$2,404,654$0$0$1,923,888
95$2,442,763$0$0$1,953,798
96$2,478,234$0$0$1,981,520
97$2,510,592$0$0$2,006,665
98$2,539,307$0$0$2,028,801
99$2,563,789$0$0$2,047,443
100$2,583,380$0$0$2,062,057