Can I retire at age 50 with 675,000?

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 $675,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$55,741$55,244$54,760$54,287$53,825$53,419
2 years$27,594$27,081$26,582$26,100$25,631$25,221
3 years$18,214$17,697$17,201$16,722$16,261$15,861
4 years$13,524$13,009$12,518$12,047$11,598$11,210
5 years$10,711$10,200$9,714$9,254$8,816$8,442
6 years$8,836$8,329$7,851$7,400$6,976$6,616
7 years$7,498$6,994$6,524$6,084$5,673$5,327
8 years$6,494$5,996$5,533$5,104$4,707$4,375
9 years$5,714$5,220$4,765$4,347$3,964$3,646
10 years$5,091$4,601$4,155$3,747$3,377$3,074
11 years$4,581$4,096$3,658$3,261$2,905$2,615
12 years$4,156$3,677$3,246$2,861$2,517$2,241
13 years$3,797$3,323$2,900$2,526$2,195$1,932
14 years$3,489$3,020$2,606$2,242$1,924$1,674
15 years$3,223$2,759$2,353$1,999$1,694$1,456
16 years$2,991$2,531$2,133$1,790$1,497$1,271
17 years$2,785$2,331$1,941$1,608$1,328$1,114
18 years$2,603$2,154$1,772$1,450$1,180$978
19 years$2,440$1,996$1,622$1,310$1,052$861
20 years$2,294$1,855$1,489$1,186$940$759
21 years$2,162$1,728$1,369$1,077$841$670
22 years$2,042$1,613$1,262$979$754$593
23 years$1,932$1,509$1,165$892$677$525
24 years$1,832$1,414$1,078$813$608$465
25 years$1,740$1,327$998$743$547$413
26 years$1,655$1,247$926$679$493$367
27 years$1,577$1,173$860$621$444$326
28 years$1,504$1,106$799$569$401$290
29 years$1,437$1,043$744$522$362$258
30 years$1,374$985$693$479$327$230
31 years$1,315$931$646$440$296$205
32 years$1,260$881$602$404$268$183
33 years$1,209$834$563$372$242$163
34 years$1,160$791$526$342$219$145
35 years$1,115$750$491$315$199$130
36 years$1,072$712$460$290$180$116
37 years$1,032$676$430$267$163$103
38 years$993$643$403$246$148$92
39 years$957$611$378$227$134$82
40 years$923$581$354$210$122$74
41 years$890$553$332$193$110$66
42 years$859$527$311$178$100$59
43 years$830$502$292$165$91$53
44 years$802$479$274$152$82$47
45 years$775$456$257$140$75$42
46 years$750$435$242$130$68$37
47 years$726$416$227$120$62$34
48 years$702$397$213$111$56$30
49 years$680$379$201$102$51$27
50 years$659$362$189$95$46$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $675,000, adding $5,648 every year, while hoping to spend $30,668 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: 58/35/7 Blend
49$675,000$675,000$675,000$675,000
50$749,676$713,901$703,438$791,704
51$793,512$716,252$694,373$822,954
52$840,792$717,689$683,976$853,030
53$891,834$718,138$672,171$885,048
54$946,989$717,514$658,876$919,196
55$1,006,642$715,732$644,008$955,683
56$1,071,215$712,699$627,479$994,737
57$1,141,175$708,317$609,195$1,036,616
58$1,217,033$702,482$589,061$1,081,599
59$1,299,351$695,084$566,975$1,130,000
60$1,388,748$686,007$542,832$1,182,163
61$1,485,904$675,126$516,521$1,238,471
62$1,591,569$662,310$487,927$1,299,344
63$1,706,567$647,420$456,930$1,365,250
64$1,831,802$630,309$423,403$1,436,705
65$1,968,274$610,822$387,215$1,514,280
66$2,117,078$588,793$348,227$1,598,607
67$2,279,424$564,048$306,297$1,690,382
68$2,456,642$536,402$261,274$1,790,377
69$2,650,193$505,660$213,001$1,899,446
70$2,861,691$471,616$161,314$2,018,529
71$3,092,909$434,050$106,043$2,148,669
72$3,345,799$392,732$47,010$2,291,017
73$3,622,513$347,419$0$2,446,843
74$3,925,419$297,851$0$2,618,747
75$4,257,123$243,757$0$2,810,911
76$4,620,497$184,849$0$3,021,551
77$5,018,703$120,822$0$3,252,575
78$5,455,225$51,356$0$3,506,092
79$5,933,896$0$0$3,784,429
80$6,458,943$0$0$4,099,355
81$7,035,018$0$0$4,466,647
82$7,667,247$0$0$4,869,802
83$8,361,274$0$0$5,312,426
84$9,123,319$0$0$5,798,495
85$9,960,233$0$0$6,332,384
86$10,879,561$0$0$6,918,917
87$11,889,617$0$0$7,563,407
88$12,999,560$0$0$8,271,705
89$14,219,478$0$0$9,050,260
90$15,560,489$0$0$9,906,175
91$17,034,837$0$0$10,847,276
92$18,656,014$0$0$11,882,185
93$20,438,886$0$0$13,020,403
94$22,399,830$0$0$14,272,395
95$24,556,889$0$0$15,649,694
96$26,929,945$0$0$17,165,004
97$29,540,903$0$0$18,832,327
98$32,413,898$0$0$20,667,085
99$35,575,523$0$0$22,686,276
100$39,055,078$0$0$24,908,625