Can I retire at age 50 with 671,000?

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 $671,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$55,411$54,917$54,435$53,965$53,506$52,255
2 years$27,431$26,920$26,425$25,945$25,479$24,226
3 years$18,106$17,593$17,099$16,623$16,165$14,949
4 years$13,444$12,932$12,443$11,976$11,529$10,359
5 years$10,648$10,139$9,657$9,199$8,764$7,644
6 years$8,784$8,279$7,804$7,356$6,935$5,865
7 years$7,453$6,953$6,485$6,048$5,640$4,621
8 years$6,456$5,960$5,500$5,074$4,679$3,710
9 years$5,680$5,189$4,737$4,322$3,940$3,021
10 years$5,060$4,574$4,130$3,725$3,357$2,487
11 years$4,554$4,072$3,636$3,242$2,887$2,065
12 years$4,131$3,655$3,227$2,844$2,502$1,726
13 years$3,774$3,303$2,883$2,511$2,182$1,450
14 years$3,469$3,002$2,590$2,229$1,913$1,224
15 years$3,204$2,743$2,339$1,988$1,684$1,037
16 years$2,973$2,516$2,120$1,780$1,488$881
17 years$2,769$2,317$1,929$1,599$1,320$751
18 years$2,588$2,141$1,761$1,441$1,173$641
19 years$2,426$1,985$1,612$1,302$1,046$548
20 years$2,281$1,844$1,480$1,179$934$469
21 years$2,149$1,718$1,361$1,070$836$403
22 years$2,030$1,604$1,254$973$749$346
23 years$1,921$1,500$1,158$886$673$297
24 years$1,821$1,405$1,071$808$605$255
25 years$1,730$1,319$992$738$544$220
26 years$1,646$1,239$920$675$490$189
27 years$1,568$1,166$854$618$442$163
28 years$1,496$1,099$794$566$399$141
29 years$1,428$1,037$739$519$360$121
30 years$1,366$979$689$476$325$105
31 years$1,307$926$642$438$294$90
32 years$1,253$876$599$402$266$78
33 years$1,202$829$559$370$241$67
34 years$1,154$786$522$340$218$58
35 years$1,108$746$488$313$197$50
36 years$1,066$708$457$288$179$43
37 years$1,025$672$428$266$162$37
38 years$987$639$401$245$147$32
39 years$951$607$375$226$133$28
40 years$917$578$352$208$121$24
41 years$885$550$330$192$110$21
42 years$854$524$309$177$100$18
43 years$825$499$290$164$90$16
44 years$797$476$273$151$82$13
45 years$771$454$256$140$74$12
46 years$745$433$240$129$68$10
47 years$721$413$226$119$61$9
48 years$698$394$212$110$56$7
49 years$676$377$199$102$51$6
50 years$655$360$187$94$46$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $671,000, adding $5,973 every year, while hoping to spend $22,962 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: 60/29/11 Blend
49$671,000$671,000$671,000$671,000
50$745,603$710,040$699,640$788,045
51$797,223$720,401$698,646$827,635
52$853,339$730,499$696,850$867,668
53$914,385$740,299$694,200$910,774
54$980,838$749,760$690,642$957,251
55$1,053,226$758,840$686,120$1,007,429
56$1,132,125$767,494$680,575$1,061,668
57$1,218,174$775,673$673,946$1,120,369
58$1,312,072$783,325$666,168$1,183,972
59$1,414,592$790,397$657,174$1,252,963
60$1,526,583$796,829$646,891$1,327,876
61$1,648,980$802,558$635,247$1,409,305
62$1,782,811$807,519$622,163$1,497,899
63$1,929,211$811,641$607,559$1,594,377
64$2,089,427$814,848$591,349$1,699,533
65$2,264,833$817,060$573,443$1,814,240
66$2,456,943$818,192$553,751$1,939,463
67$2,667,422$818,155$532,172$2,076,264
68$2,898,106$816,852$508,607$2,225,817
69$3,151,016$814,181$482,949$2,389,415
70$3,428,378$810,034$455,086$2,568,484
71$3,732,644$804,297$424,903$2,764,598
72$4,066,514$796,847$392,277$2,979,490
73$4,432,962$787,557$357,082$3,215,075
74$4,835,265$776,288$319,186$3,473,462
75$5,277,033$762,897$278,449$3,756,979
76$5,762,241$747,230$234,728$4,068,190
77$6,295,270$729,124$187,871$4,409,925
78$6,880,943$708,407$137,721$4,785,306
79$7,524,578$684,897$84,113$5,197,771
80$8,232,029$658,401$26,874$5,651,115
81$9,009,748$628,715$0$6,149,522
82$9,864,843$595,623$0$6,701,619
83$10,805,145$558,897$0$7,312,104
84$11,839,282$518,295$0$7,983,452
85$12,976,759$473,562$0$8,721,869
86$14,228,049$424,427$0$9,534,199
87$15,604,693$370,607$0$10,427,984
88$17,119,404$311,799$0$11,411,540
89$18,786,191$247,684$0$12,494,031
90$20,620,489$177,928$0$13,685,562
91$22,639,306$102,173$0$14,997,269
92$24,861,381$20,046$0$16,441,429
93$27,307,363$0$0$18,031,575
94$30,000,005$0$0$19,804,593
95$32,964,375$0$0$21,763,645
96$36,228,099$0$0$23,920,599
97$39,821,616$0$0$26,295,579
98$43,778,466$0$0$28,910,763
99$48,135,608$0$0$31,790,585
100$52,933,769$0$0$34,961,974