Can I retire at age 50 with 684,000?

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 $684,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$56,484$55,981$55,490$55,011$54,543$53,862
2 years$27,962$27,442$26,937$26,448$25,973$25,287
3 years$18,456$17,933$17,430$16,945$16,478$15,810
4 years$13,704$13,183$12,685$12,208$11,752$11,106
5 years$10,854$10,336$9,844$9,377$8,934$8,312
6 years$8,954$8,440$7,955$7,499$7,069$6,472
7 years$7,598$7,088$6,611$6,165$5,749$5,177
8 years$6,581$6,075$5,606$5,172$4,769$4,222
9 years$5,790$5,290$4,829$4,405$4,017$3,494
10 years$5,158$4,663$4,210$3,797$3,422$2,924
11 years$4,642$4,151$3,706$3,305$2,943$2,469
12 years$4,211$3,726$3,289$2,899$2,551$2,100
13 years$3,848$3,367$2,939$2,559$2,224$1,796
14 years$3,536$3,060$2,640$2,272$1,950$1,544
15 years$3,266$2,796$2,384$2,026$1,717$1,333
16 years$3,030$2,565$2,161$1,814$1,517$1,154
17 years$2,823$2,362$1,967$1,630$1,345$1,002
18 years$2,638$2,183$1,795$1,469$1,196$873
19 years$2,473$2,023$1,644$1,327$1,066$761
20 years$2,325$1,880$1,508$1,202$952$665
21 years$2,191$1,751$1,388$1,091$852$582
22 years$2,069$1,635$1,279$992$764$511
23 years$1,958$1,529$1,181$903$686$448
24 years$1,857$1,432$1,092$824$616$394
25 years$1,763$1,344$1,011$752$555$346
26 years$1,678$1,263$938$688$500$305
27 years$1,598$1,189$871$630$450$268
28 years$1,524$1,120$810$577$406$236
29 years$1,456$1,057$754$529$367$208
30 years$1,392$998$702$486$332$184
31 years$1,333$944$654$446$300$162
32 years$1,277$893$611$410$271$143
33 years$1,225$846$570$377$245$126
34 years$1,176$801$533$347$222$112
35 years$1,130$760$498$319$201$99
36 years$1,086$721$466$294$182$87
37 years$1,045$685$436$271$165$77
38 years$1,007$651$408$250$150$68
39 years$970$619$383$230$136$60
40 years$935$589$359$212$123$53
41 years$902$561$336$196$112$47
42 years$871$534$315$181$101$42
43 years$841$509$296$167$92$37
44 years$813$485$278$154$84$32
45 years$786$463$261$142$76$29
46 years$760$441$245$131$69$25
47 years$735$421$230$121$63$22
48 years$712$402$216$112$57$20
49 years$689$384$203$104$52$18
50 years$668$367$191$96$47$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $684,000, adding $2,834 every year, while hoping to spend $58,326 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: 39/33/28 Blend
49$684,000$684,000$684,000$684,000
50$756,691$720,439$709,837$779,827
51$771,815$693,682$671,558$770,233
52$786,527$663,660$630,042$754,276
53$800,723$630,149$585,119$735,909
54$814,288$592,917$536,611$714,949
55$827,090$551,715$484,332$691,200
56$838,985$506,281$428,089$664,453
57$849,811$456,338$367,680$634,485
58$859,386$401,593$302,891$601,054
59$867,509$341,736$233,504$563,904
60$873,955$276,442$159,287$522,758
61$878,475$205,364$79,999$477,320
62$880,789$128,137$0$427,271
63$880,591$44,376$0$373,649
64$877,536$0$0$340,302
65$871,243$0$0$319,815
66$861,291$0$0$313,817
67$847,212$0$0$305,991
68$828,485$0$0$296,112
69$804,536$0$0$283,931
70$774,728$0$0$269,172
71$738,356$0$0$251,530
72$694,639$0$0$230,669
73$642,713$0$0$206,214
74$581,623$0$0$177,754
75$510,313$0$0$144,831
76$427,614$0$0$106,942
77$332,235$0$0$63,530
78$222,749$0$0$13,979
79$97,580$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0