Can I retire at age 50 with 686,000?

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 $686,000?

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 years$56,649$56,145$55,652$55,172$54,703$54,472
2 years$28,044$27,522$27,016$26,525$26,049$25,816
3 years$18,510$17,986$17,481$16,995$16,526$16,299
4 years$13,744$13,222$12,722$12,244$11,787$11,566
5 years$10,886$10,366$9,873$9,404$8,960$8,747
6 years$8,980$8,464$7,978$7,521$7,090$6,884
7 years$7,620$7,108$6,630$6,183$5,766$5,568
8 years$6,600$6,093$5,623$5,187$4,783$4,593
9 years$5,807$5,305$4,843$4,418$4,028$3,846
10 years$5,174$4,676$4,222$3,808$3,432$3,258
11 years$4,655$4,163$3,717$3,315$2,952$2,785
12 years$4,224$3,737$3,299$2,907$2,558$2,398
13 years$3,859$3,377$2,947$2,567$2,231$2,078
14 years$3,546$3,069$2,648$2,278$1,955$1,810
15 years$3,276$2,804$2,391$2,032$1,722$1,583
16 years$3,039$2,573$2,168$1,819$1,522$1,390
17 years$2,831$2,369$1,973$1,635$1,349$1,224
18 years$2,646$2,189$1,801$1,473$1,200$1,081
19 years$2,480$2,029$1,648$1,331$1,069$957
20 years$2,331$1,885$1,513$1,206$955$848
21 years$2,197$1,756$1,392$1,094$855$754
22 years$2,075$1,639$1,283$995$766$671
23 years$1,964$1,533$1,184$906$688$598
24 years$1,862$1,437$1,095$826$618$533
25 years$1,769$1,348$1,014$755$556$476
26 years$1,682$1,267$941$690$501$426
27 years$1,603$1,192$874$632$452$381
28 years$1,529$1,124$812$579$408$341
29 years$1,460$1,060$756$531$368$305
30 years$1,396$1,001$704$487$333$274
31 years$1,337$946$656$447$301$245
32 years$1,281$895$612$411$272$220
33 years$1,229$848$572$378$246$198
34 years$1,179$804$534$348$223$178
35 years$1,133$762$499$320$202$159
36 years$1,090$724$467$295$183$143
37 years$1,048$687$437$272$166$129
38 years$1,010$653$409$250$150$116
39 years$973$621$384$231$136$104
40 years$938$591$360$213$124$94
41 years$905$562$337$196$112$84
42 years$873$536$316$181$102$76
43 years$844$510$297$167$92$68
44 years$815$486$279$155$84$61
45 years$788$464$262$143$76$55
46 years$762$443$246$132$69$50
47 years$737$422$231$122$63$45
48 years$714$403$217$113$57$40
49 years$691$385$204$104$52$36
50 years$670$368$192$96$47$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $686,000, adding $2,845 every year, while hoping to spend $34,361 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: 60/11/29 Blend
49$686,000$686,000$686,000$686,000
50$758,907$722,549$711,916$798,312
51$799,755$721,394$699,205$824,392
52$843,619$719,030$684,917$848,927
53$890,769$715,364$668,962$874,988
54$941,502$710,292$651,248$902,732
55$996,147$703,707$631,676$932,334
56$1,055,061$695,497$610,145$963,987
57$1,118,640$685,539$586,547$997,907
58$1,187,317$673,706$560,772$1,034,331
59$1,261,569$659,862$532,703$1,073,525
60$1,341,917$643,864$502,217$1,115,781
61$1,428,939$625,560$469,188$1,161,425
62$1,523,267$604,788$433,482$1,210,816
63$1,625,597$581,379$394,959$1,264,353
64$1,736,693$555,152$353,476$1,322,477
65$1,857,397$525,916$308,879$1,385,679
66$1,988,636$493,470$261,010$1,454,498
67$2,131,427$457,600$209,704$1,529,535
68$2,286,891$418,081$154,788$1,611,453
69$2,456,261$374,675$96,081$1,700,986
70$2,640,894$327,128$33,394$1,798,944
71$2,842,284$275,177$0$1,906,227
72$3,062,075$218,538$0$2,034,195
73$3,302,075$156,914$0$2,185,279
74$3,564,277$89,993$0$2,350,415
75$3,850,873$17,443$0$2,531,016
76$4,164,277$0$0$2,728,636
77$4,507,149$0$0$2,952,384
78$4,882,413$0$0$3,199,635
79$5,293,294$0$0$3,470,408
80$5,743,341$0$0$3,767,049
81$6,236,462$0$0$4,092,141
82$6,776,960$0$0$4,448,530
83$7,369,578$0$0$4,839,348
84$8,019,535$0$0$5,268,047
85$8,732,584$0$0$5,738,429
86$9,515,057$0$0$6,254,681
87$10,373,934$0$0$6,821,415
88$11,316,898$0$0$7,443,711
89$12,352,416$0$0$8,127,166
90$13,489,815$0$0$8,877,947
91$14,739,369$0$0$9,702,844
92$16,112,395$0$0$10,609,339
93$17,621,362$0$0$11,605,677
94$19,280,008$0$0$12,700,938
95$21,103,465$0$0$13,905,127
96$23,108,407$0$0$15,229,268
97$25,313,203$0$0$16,685,504
98$27,738,093$0$0$18,287,216
99$30,405,374$0$0$20,049,146
100$33,339,614$0$0$21,987,537