Can I retire at age 50 with 678,000?

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 $678,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$55,989$55,490$55,003$54,528$54,065$52,481
2 years$27,717$27,201$26,701$26,216$25,745$24,163
3 years$18,295$17,776$17,277$16,797$16,334$14,802
4 years$13,584$13,067$12,573$12,101$11,649$10,180
5 years$10,759$10,245$9,757$9,295$8,856$7,452
6 years$8,876$8,366$7,885$7,433$7,007$5,672
7 years$7,531$7,026$6,553$6,111$5,699$4,431
8 years$6,523$6,022$5,557$5,126$4,728$3,526
9 years$5,740$5,243$4,787$4,367$3,981$2,846
10 years$5,113$4,622$4,173$3,764$3,392$2,321
11 years$4,601$4,115$3,674$3,276$2,917$1,908
12 years$4,174$3,693$3,260$2,873$2,528$1,579
13 years$3,814$3,337$2,913$2,537$2,205$1,314
14 years$3,505$3,034$2,617$2,252$1,933$1,097
15 years$3,238$2,771$2,363$2,008$1,702$920
16 years$3,004$2,543$2,142$1,798$1,504$773
17 years$2,798$2,342$1,950$1,616$1,333$652
18 years$2,615$2,164$1,780$1,456$1,186$550
19 years$2,451$2,005$1,629$1,316$1,057$465
20 years$2,304$1,863$1,495$1,192$944$394
21 years$2,172$1,736$1,375$1,081$845$334
22 years$2,051$1,620$1,268$983$757$284
23 years$1,941$1,515$1,170$895$680$241
24 years$1,840$1,420$1,082$817$611$205
25 years$1,748$1,332$1,003$746$550$174
26 years$1,663$1,252$930$682$495$148
27 years$1,584$1,179$863$624$446$126
28 years$1,511$1,111$803$572$403$107
29 years$1,443$1,048$747$524$364$91
30 years$1,380$989$696$481$329$78
31 years$1,321$935$649$442$297$66
32 years$1,266$885$605$406$269$57
33 years$1,214$838$565$374$243$48
34 years$1,166$794$528$344$220$41
35 years$1,120$753$494$316$199$35
36 years$1,077$715$462$291$181$30
37 years$1,036$679$432$269$164$25
38 years$998$645$405$248$149$22
39 years$961$614$379$228$135$19
40 years$927$584$355$210$122$16
41 years$894$556$333$194$111$13
42 years$863$529$313$179$101$12
43 years$834$504$293$165$91$10
44 years$806$481$275$153$83$8
45 years$779$458$259$141$75$7
46 years$753$437$243$130$68$6
47 years$729$417$228$120$62$5
48 years$706$398$214$111$56$4
49 years$683$381$202$103$51$4
50 years$662$363$189$95$46$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $678,000, adding $5,859 every year, while hoping to spend $42,274 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: 48/36/16 Blend
49$678,000$678,000$678,000$678,000
50$753,200$717,266$706,757$785,715
51$785,047$707,432$685,454$798,996
52$818,725$695,700$662,020$808,608
53$854,378$681,932$636,340$818,126
54$892,159$665,982$608,293$827,558
55$932,240$647,695$577,751$836,914
56$974,804$626,908$544,581$846,209
57$1,020,055$603,448$508,646$855,463
58$1,068,216$577,132$469,801$864,699
59$1,119,529$547,766$427,893$873,949
60$1,174,259$515,145$382,767$883,248
61$1,232,699$479,053$334,255$892,644
62$1,295,168$439,260$282,186$902,189
63$1,362,016$395,524$226,380$911,948
64$1,433,626$347,590$166,649$921,996
65$1,510,421$295,186$102,796$932,421
66$1,592,861$238,028$34,617$943,327
67$1,681,454$175,812$0$954,832
68$1,776,757$108,221$0$973,584
69$1,879,379$34,918$0$999,961
70$1,989,994$0$0$1,028,266
71$2,109,336$0$0$1,076,358
72$2,238,217$0$0$1,143,290
73$2,377,527$0$0$1,215,699
74$2,528,243$0$0$1,294,102
75$2,691,440$0$0$1,379,065
76$2,868,301$0$0$1,471,212
77$3,060,126$0$0$1,571,230
78$3,268,343$0$0$1,679,874
79$3,494,525$0$0$1,797,973
80$3,740,401$0$0$1,926,442
81$4,007,873$0$0$2,066,283
82$4,299,036$0$0$2,218,604
83$4,616,191$0$0$2,384,621
84$4,961,873$0$0$2,565,673
85$5,338,873$0$0$2,763,233
86$5,750,259$0$0$2,978,924
87$6,199,412$0$0$3,214,532
88$6,690,050$0$0$3,472,022
89$7,226,271$0$0$3,753,559
90$7,812,581$0$0$4,061,525
91$8,453,947$0$0$4,398,544
92$9,155,832$0$0$4,767,506
93$9,924,257$0$0$5,171,592
94$10,765,849$0$0$5,614,305
95$11,687,906$0$0$6,099,504
96$12,698,468$0$0$6,631,438
97$13,806,386$0$0$7,214,788
98$15,021,412$0$0$7,854,709
99$16,354,283$0$0$8,556,877
100$17,816,829$0$0$9,327,548