Can I retire at age 50 with 685,000?

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 $685,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$56,567$56,063$55,571$55,091$54,623$53,985
2 years$28,003$27,482$26,976$26,486$26,011$25,369
3 years$18,483$17,960$17,455$16,970$16,502$15,876
4 years$13,724$13,202$12,703$12,226$11,770$11,164
5 years$10,870$10,351$9,858$9,391$8,947$8,364
6 years$8,967$8,452$7,967$7,510$7,080$6,519
7 years$7,609$7,098$6,620$6,174$5,758$5,221
8 years$6,591$6,084$5,615$5,179$4,776$4,263
9 years$5,799$5,298$4,836$4,412$4,022$3,532
10 years$5,166$4,670$4,216$3,803$3,427$2,959
11 years$4,649$4,157$3,712$3,310$2,948$2,502
12 years$4,218$3,731$3,294$2,903$2,554$2,131
13 years$3,853$3,372$2,943$2,563$2,227$1,825
14 years$3,541$3,065$2,644$2,275$1,953$1,571
15 years$3,271$2,800$2,387$2,029$1,719$1,358
16 years$3,035$2,569$2,165$1,817$1,519$1,177
17 years$2,827$2,366$1,970$1,632$1,347$1,024
18 years$2,642$2,186$1,798$1,471$1,198$893
19 years$2,477$2,026$1,646$1,329$1,068$780
20 years$2,328$1,883$1,511$1,204$954$683
21 years$2,194$1,754$1,390$1,093$853$599
22 years$2,072$1,637$1,281$993$765$525
23 years$1,961$1,531$1,182$905$687$462
24 years$1,859$1,434$1,094$825$617$406
25 years$1,766$1,346$1,013$754$555$358
26 years$1,680$1,265$939$689$500$315
27 years$1,600$1,191$872$631$451$278
28 years$1,527$1,122$811$578$407$245
29 years$1,458$1,058$755$530$368$217
30 years$1,394$1,000$703$486$332$191
31 years$1,335$945$655$447$300$169
32 years$1,279$894$611$410$272$150
33 years$1,227$847$571$377$246$132
34 years$1,178$803$533$347$223$117
35 years$1,131$761$499$320$202$104
36 years$1,088$722$467$294$183$92
37 years$1,047$686$437$271$166$81
38 years$1,008$652$409$250$150$72
39 years$971$620$383$231$136$64
40 years$937$590$359$213$123$56
41 years$903$562$337$196$112$50
42 years$872$535$316$181$102$44
43 years$842$510$296$167$92$39
44 years$814$486$278$154$84$35
45 years$787$463$261$143$76$31
46 years$761$442$245$132$69$27
47 years$736$422$230$122$63$24
48 years$713$403$217$112$57$21
49 years$690$384$204$104$52$19
50 years$669$367$191$96$47$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $685,000, adding $6,137 every year, while hoping to spend $45,332 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: 41/30/29 Blend
49$685,000$685,000$685,000$685,000
50$761,200$724,895$714,278$785,711
51$790,610$712,182$689,973$791,327
52$821,500$697,327$663,335$792,726
53$853,973$680,177$634,237$793,383
54$888,143$660,569$602,548$793,261
55$924,130$638,334$568,130$792,318
56$962,068$613,289$530,839$790,514
57$1,002,101$585,242$490,525$787,810
58$1,044,387$553,991$447,029$784,167
59$1,089,099$519,321$400,189$779,544
60$1,136,425$481,005$349,833$773,905
61$1,186,569$438,803$295,781$767,213
62$1,239,756$392,462$237,847$759,434
63$1,296,231$341,712$175,835$750,535
64$1,356,262$286,272$109,541$740,488
65$1,420,143$225,841$38,752$729,267
66$1,488,194$160,103$0$716,852
67$1,560,766$88,726$0$714,610
68$1,638,246$11,355$0$724,686
69$1,721,055$0$0$735,148
70$1,809,654$0$0$769,975
71$1,904,552$0$0$811,350
72$2,006,305$0$0$855,776
73$2,115,522$0$0$903,525
74$2,232,873$0$0$954,898
75$2,359,094$0$0$1,010,228
76$2,494,991$0$0$1,069,875
77$2,641,450$0$0$1,134,240
78$2,799,445$0$0$1,203,760
79$2,970,046$0$0$1,278,917
80$3,154,427$0$0$1,360,239
81$3,353,880$0$0$1,448,309
82$3,569,826$0$0$1,543,765
83$3,803,823$0$0$1,647,312
84$4,057,590$0$0$1,759,722
85$4,333,013$0$0$1,881,846
86$4,632,167$0$0$2,014,619
87$4,957,337$0$0$2,159,071
88$5,311,034$0$0$2,316,335
89$5,696,022$0$0$2,487,656
90$6,115,341$0$0$2,674,406
91$6,572,338$0$0$2,878,095
92$7,070,695$0$0$3,100,383
93$7,614,466$0$0$3,343,099
94$8,208,112$0$0$3,608,256
95$8,856,545$0$0$3,898,071
96$9,565,171$0$0$4,214,982
97$10,339,943$0$0$4,561,677
98$11,187,413$0$0$4,941,112
99$12,114,799$0$0$5,356,546
100$13,130,045$0$0$5,811,564