Can I retire at age 50 with 683,000?

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 $683,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$56,402$55,899$55,409$54,931$54,463$54,211
2 years$27,922$27,402$26,898$26,409$25,935$25,680
3 years$18,429$17,907$17,404$16,920$16,454$16,205
4 years$13,684$13,164$12,666$12,190$11,735$11,494
5 years$10,838$10,320$9,829$9,363$8,921$8,687
6 years$8,941$8,427$7,944$7,488$7,059$6,834
7 years$7,587$7,077$6,601$6,156$5,741$5,524
8 years$6,571$6,067$5,598$5,164$4,762$4,555
9 years$5,782$5,282$4,822$4,399$4,011$3,811
10 years$5,151$4,656$4,204$3,792$3,417$3,226
11 years$4,635$4,145$3,701$3,300$2,939$2,756
12 years$4,205$3,720$3,284$2,895$2,547$2,372
13 years$3,842$3,362$2,934$2,555$2,221$2,054
14 years$3,531$3,056$2,637$2,268$1,947$1,788
15 years$3,261$2,792$2,381$2,023$1,714$1,563
16 years$3,026$2,561$2,158$1,811$1,515$1,371
17 years$2,818$2,359$1,964$1,628$1,343$1,207
18 years$2,634$2,180$1,793$1,467$1,194$1,065
19 years$2,469$2,020$1,641$1,325$1,065$942
20 years$2,321$1,877$1,506$1,200$951$835
21 years$2,188$1,749$1,385$1,089$851$741
22 years$2,066$1,632$1,277$991$763$659
23 years$1,955$1,527$1,179$902$685$587
24 years$1,854$1,430$1,090$823$615$523
25 years$1,761$1,342$1,010$751$554$467
26 years$1,675$1,261$937$687$499$417
27 years$1,596$1,187$870$629$450$373
28 years$1,522$1,119$809$576$406$333
29 years$1,454$1,055$752$528$366$298
30 years$1,390$997$701$485$331$267
31 years$1,331$942$653$445$299$239
32 years$1,275$892$610$409$271$215
33 years$1,223$844$569$376$245$193
34 years$1,174$800$532$346$222$173
35 years$1,128$759$497$319$201$155
36 years$1,085$720$465$294$182$139
37 years$1,044$684$435$271$165$125
38 years$1,005$650$408$249$150$112
39 years$968$618$382$230$136$101
40 years$934$588$358$212$123$91
41 years$901$560$336$196$112$81
42 years$870$533$315$181$101$73
43 years$840$508$296$167$92$66
44 years$812$484$277$154$83$59
45 years$785$462$260$142$76$53
46 years$759$441$245$131$69$48
47 years$734$420$230$121$62$43
48 years$711$401$216$112$57$39
49 years$688$383$203$104$52$35
50 years$667$366$191$96$47$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $683,000, adding $2,686 every year, while hoping to spend $34,952 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: 57/30/13 Blend
49$683,000$683,000$683,000$683,000
50$755,437$719,238$708,651$795,861
51$795,302$717,292$695,202$821,568
52$838,063$714,079$680,131$845,482
53$883,977$709,500$663,347$870,720
54$933,328$703,451$644,755$897,413
55$986,427$695,819$624,253$925,710
56$1,043,616$686,488$601,739$955,774
57$1,105,270$675,331$577,103$987,786
58$1,171,802$662,217$550,230$1,021,948
59$1,243,665$647,004$521,002$1,058,486
60$1,321,356$629,545$489,293$1,097,648
61$1,405,423$609,682$454,973$1,139,712
62$1,496,468$587,248$417,906$1,184,984
63$1,595,151$562,066$377,950$1,233,805
64$1,702,201$533,952$334,955$1,286,555
65$1,818,417$502,707$288,767$1,343,651
66$1,944,678$468,122$239,224$1,405,560
67$2,081,952$429,977$186,155$1,472,797
68$2,231,305$388,039$129,385$1,545,935
69$2,393,906$342,062$68,727$1,625,606
70$2,571,046$291,784$3,991$1,712,512
71$2,764,142$236,931$0$1,807,432
72$2,974,756$177,212$0$1,920,254
73$3,204,605$112,320$0$2,044,082
74$3,455,582$41,930$0$2,179,446
75$3,729,767$0$0$2,327,547
76$4,029,454$0$0$2,501,034
77$4,357,165$0$0$2,705,936
78$4,715,678$0$0$2,930,157
79$5,108,054$0$0$3,175,618
80$5,537,660$0$0$3,444,432
81$6,008,207$0$0$3,738,931
82$6,523,779$0$0$4,061,678
83$7,088,876$0$0$4,415,498
84$7,708,452$0$0$4,803,503
85$8,387,965$0$0$5,229,120
86$9,133,425$0$0$5,696,124
87$9,951,455$0$0$6,208,671
88$10,849,345$0$0$6,771,341
89$11,835,130$0$0$7,389,180
90$12,917,658$0$0$8,067,743
91$14,106,677$0$0$8,813,153
92$15,412,926$0$0$9,632,154
93$16,848,234$0$0$10,532,175
94$18,425,634$0$0$11,521,401
95$20,159,484$0$0$12,608,848
96$22,065,601$0$0$13,804,452
97$24,161,412$0$0$15,119,156
98$26,466,118$0$0$16,565,019
99$29,000,871$0$0$18,155,328
100$31,788,978$0$0$19,904,719