Can I retire at age 50 with 680,000?

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 $680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$56,154$55,654$55,166$54,689$54,224$53,636
2 years$27,799$27,281$26,779$26,293$25,821$25,228
3 years$18,349$17,829$17,328$16,846$16,382$15,804
4 years$13,624$13,106$12,610$12,137$11,684$11,124
5 years$10,790$10,275$9,786$9,322$8,882$8,343
6 years$8,902$8,390$7,909$7,455$7,028$6,510
7 years$7,553$7,046$6,572$6,129$5,716$5,219
8 years$6,542$6,040$5,574$5,142$4,742$4,266
9 years$5,757$5,259$4,801$4,379$3,993$3,539
10 years$5,128$4,635$4,185$3,775$3,402$2,969
11 years$4,615$4,127$3,685$3,286$2,926$2,513
12 years$4,187$3,704$3,270$2,882$2,536$2,143
13 years$3,825$3,347$2,922$2,544$2,211$1,838
14 years$3,515$3,043$2,625$2,258$1,938$1,584
15 years$3,247$2,779$2,370$2,014$1,707$1,371
16 years$3,013$2,550$2,149$1,803$1,508$1,190
17 years$2,806$2,348$1,955$1,620$1,337$1,037
18 years$2,622$2,170$1,785$1,460$1,189$905
19 years$2,459$2,011$1,634$1,320$1,060$792
20 years$2,311$1,869$1,500$1,195$947$694
21 years$2,178$1,741$1,379$1,085$847$610
22 years$2,057$1,625$1,271$986$759$536
23 years$1,947$1,520$1,174$898$682$472
24 years$1,846$1,424$1,086$819$613$416
25 years$1,753$1,336$1,005$748$551$367
26 years$1,668$1,256$933$684$497$324
27 years$1,589$1,182$866$626$448$286
28 years$1,516$1,114$805$574$404$253
29 years$1,448$1,051$749$526$365$224
30 years$1,384$992$698$483$330$198
31 years$1,325$938$651$443$298$175
32 years$1,270$888$607$407$270$155
33 years$1,218$841$567$375$244$137
34 years$1,169$797$530$345$221$122
35 years$1,123$756$495$317$200$108
36 years$1,080$717$463$292$181$96
37 years$1,039$681$433$269$164$85
38 years$1,001$647$406$248$149$75
39 years$964$616$380$229$135$67
40 years$930$586$356$211$123$59
41 years$897$558$334$195$111$52
42 years$866$531$314$180$101$47
43 years$836$506$294$166$92$41
44 years$808$482$276$153$83$37
45 years$781$460$259$141$75$33
46 years$755$439$244$131$68$29
47 years$731$419$229$121$62$26
48 years$708$400$215$112$56$23
49 years$685$382$202$103$51$20
50 years$664$365$190$95$47$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $680,000, adding $5,690 every year, while hoping to spend $29,633 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: 68/16/16 Blend
49$680,000$680,000$680,000$680,000
50$755,229$719,189$708,649$803,345
51$800,733$722,900$700,860$839,866
52$849,886$725,800$691,816$875,772
53$903,027$727,817$681,445$914,303
54$960,532$728,877$669,670$955,713
55$1,022,813$728,898$656,410$1,000,284
56$1,090,322$727,796$641,582$1,048,328
57$1,163,557$725,480$625,097$1,100,189
58$1,243,066$721,855$606,864$1,156,245
59$1,329,450$716,817$586,786$1,216,914
60$1,423,373$710,260$564,762$1,282,659
61$1,525,563$702,069$540,688$1,353,989
62$1,636,823$692,123$514,452$1,431,467
63$1,758,033$680,292$485,941$1,515,712
64$1,890,167$666,440$455,034$1,607,411
65$2,034,291$650,423$421,606$1,707,319
66$2,191,583$632,088$385,524$1,816,270
67$2,363,338$611,273$346,652$1,935,185
68$2,550,980$587,807$304,846$2,065,079
69$2,756,079$561,508$259,957$2,207,074
70$2,980,362$532,186$211,829$2,362,407
71$3,225,732$499,635$160,298$2,532,440
72$3,494,282$463,644$105,194$2,718,681
73$3,788,320$423,983$46,340$2,922,790
74$4,110,385$380,415$0$3,146,599
75$4,463,274$332,685$0$3,394,941
76$4,850,067$280,525$0$3,675,861
77$5,274,156$223,653$0$3,983,932
78$5,739,277$161,770$0$4,321,905
79$6,249,547$94,560$0$4,692,810
80$6,809,497$21,689$0$5,099,988
81$7,424,121$0$0$5,547,121
82$8,098,918$0$0$6,048,337
83$8,839,947$0$0$6,602,983
84$9,653,881$0$0$7,212,241
85$10,548,073$0$0$7,881,620
86$11,530,621$0$0$8,617,188
87$12,610,449$0$0$9,425,631
88$13,797,386$0$0$10,314,313
89$15,102,262$0$0$11,291,351
90$16,537,007$0$0$12,365,683
91$18,114,768$0$0$13,547,159
92$19,850,026$0$0$14,846,631
93$21,758,738$0$0$16,276,056
94$23,858,485$0$0$17,848,607
95$26,168,638$0$0$19,578,798
96$28,710,539$0$0$21,482,623
97$31,507,703$0$0$23,577,701
98$34,586,043$0$0$25,883,449
99$37,974,106$0$0$28,421,258
100$41,703,351$0$0$31,214,702