Can I retire at age 50 with 679,000?

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 $679,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$56,071$55,572$55,084$54,609$54,144$53,601
2 years$27,758$27,241$26,740$26,254$25,783$25,236
3 years$18,322$17,802$17,303$16,821$16,358$15,824
4 years$13,604$13,087$12,592$12,119$11,667$11,150
5 years$10,775$10,260$9,772$9,308$8,869$8,371
6 years$8,889$8,378$7,897$7,444$7,018$6,539
7 years$7,542$7,036$6,562$6,120$5,707$5,248
8 years$6,533$6,031$5,566$5,134$4,735$4,295
9 years$5,748$5,251$4,794$4,373$3,987$3,567
10 years$5,121$4,629$4,179$3,770$3,397$2,996
11 years$4,608$4,121$3,679$3,281$2,922$2,539
12 years$4,181$3,698$3,265$2,878$2,532$2,168
13 years$3,819$3,342$2,917$2,541$2,208$1,862
14 years$3,510$3,038$2,621$2,255$1,935$1,607
15 years$3,242$2,775$2,367$2,011$1,704$1,392
16 years$3,008$2,546$2,146$1,801$1,506$1,211
17 years$2,802$2,345$1,952$1,618$1,335$1,056
18 years$2,619$2,167$1,782$1,458$1,187$923
19 years$2,455$2,008$1,632$1,318$1,058$809
20 years$2,308$1,866$1,497$1,193$945$710
21 years$2,175$1,738$1,377$1,083$846$624
22 years$2,054$1,623$1,269$985$758$550
23 years$1,944$1,518$1,172$897$681$485
24 years$1,843$1,422$1,084$818$612$428
25 years$1,751$1,334$1,004$747$551$378
26 years$1,665$1,254$931$683$496$334
27 years$1,586$1,180$865$625$447$296
28 years$1,513$1,112$804$573$403$262
29 years$1,445$1,049$748$525$364$232
30 years$1,382$991$697$482$329$206
31 years$1,323$937$650$443$298$182
32 years$1,268$886$606$407$269$162
33 years$1,216$839$566$374$244$143
34 years$1,167$795$529$344$221$127
35 years$1,122$755$494$317$200$113
36 years$1,078$716$462$292$181$100
37 years$1,038$680$433$269$164$89
38 years$999$646$405$248$149$79
39 years$963$615$380$229$135$70
40 years$928$585$356$211$122$63
41 years$896$557$334$194$111$56
42 years$864$530$313$179$101$49
43 years$835$505$294$166$91$44
44 years$807$482$276$153$83$39
45 years$780$459$259$141$75$35
46 years$754$438$243$131$68$31
47 years$730$418$228$121$62$27
48 years$707$399$215$111$56$24
49 years$684$381$202$103$51$22
50 years$663$364$190$95$47$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $679,000, adding $2,783 every year, while hoping to spend $35,319 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: 40/31/29 Blend
49$679,000$679,000$679,000$679,000
50$751,129$715,142$704,617$774,650
51$790,165$712,604$690,643$789,502
52$831,999$708,759$675,016$802,086
53$876,878$703,504$657,645$815,034
54$925,077$696,733$638,433$828,402
55$976,892$688,330$617,278$842,255
56$1,032,652$678,176$594,074$856,665
57$1,092,718$666,141$568,711$871,718
58$1,157,484$652,091$541,072$887,508
59$1,227,386$635,882$511,036$904,144
60$1,302,901$617,362$478,477$921,749
61$1,384,553$596,369$443,263$940,464
62$1,472,920$572,733$405,254$960,444
63$1,568,635$546,275$364,307$981,868
64$1,672,395$516,802$320,272$1,004,936
65$1,784,968$484,113$272,989$1,029,873
66$1,907,195$447,996$222,295$1,056,932
67$2,040,005$408,223$168,018$1,086,398
68$2,184,418$364,558$109,978$1,118,587
69$2,341,554$316,747$47,988$1,153,858
70$2,512,650$264,525$0$1,192,609
71$2,699,064$207,611$0$1,240,908
72$2,902,291$145,706$0$1,309,845
73$3,123,976$78,497$0$1,385,177
74$3,365,932$5,654$0$1,467,595
75$3,630,151$0$0$1,557,863
76$3,918,829$0$0$1,681,790
77$4,234,381$0$0$1,819,448
78$4,579,469$0$0$1,970,080
79$4,957,020$0$0$2,134,976
80$5,370,261$0$0$2,315,555
81$5,822,743$0$0$2,513,382
82$6,318,377$0$0$2,730,179
83$6,861,469$0$0$2,967,842
84$7,456,763$0$0$3,228,462
85$8,109,483$0$0$3,514,339
86$8,825,382$0$0$3,828,007
87$9,610,798$0$0$4,172,259
88$10,472,711$0$0$4,550,168
89$11,418,810$0$0$4,965,123
90$12,457,565$0$0$5,420,855
91$13,598,304$0$0$5,921,475
92$14,851,306$0$0$6,471,509
93$16,227,893$0$0$7,075,948
94$17,740,537$0$0$7,740,286
95$19,402,978$0$0$8,470,578
96$21,230,355$0$0$9,273,495
97$23,239,345$0$0$10,156,385
98$25,448,322$0$0$11,127,345
99$27,877,530$0$0$12,195,296
100$30,549,271$0$0$13,370,067