Can I retire at age 50 with 687,000?

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 $687,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$56,732$56,226$55,733$55,252$54,782$53,986
2 years$28,085$27,562$27,055$26,564$26,087$25,286
3 years$18,537$18,012$17,506$17,020$16,551$15,771
4 years$13,764$13,241$12,740$12,262$11,804$11,051
5 years$10,901$10,381$9,887$9,418$8,973$8,249
6 years$8,993$8,477$7,990$7,532$7,100$6,405
7 years$7,631$7,119$6,640$6,192$5,774$5,109
8 years$6,610$6,102$5,631$5,195$4,790$4,155
9 years$5,816$5,313$4,850$4,425$4,034$3,428
10 years$5,181$4,683$4,228$3,814$3,437$2,861
11 years$4,662$4,169$3,723$3,319$2,956$2,408
12 years$4,230$3,742$3,304$2,912$2,562$2,041
13 years$3,864$3,382$2,952$2,570$2,234$1,741
14 years$3,552$3,074$2,652$2,282$1,958$1,491
15 years$3,281$2,808$2,394$2,035$1,724$1,283
16 years$3,044$2,576$2,171$1,822$1,524$1,107
17 years$2,835$2,373$1,975$1,637$1,351$958
18 years$2,649$2,192$1,803$1,475$1,201$831
19 years$2,484$2,032$1,651$1,333$1,071$722
20 years$2,335$1,888$1,515$1,207$956$629
21 years$2,200$1,759$1,394$1,096$856$549
22 years$2,078$1,642$1,284$996$767$479
23 years$1,967$1,535$1,186$907$689$419
24 years$1,865$1,439$1,097$828$619$366
25 years$1,771$1,350$1,016$756$557$321
26 years$1,685$1,269$942$691$502$281
27 years$1,605$1,194$875$633$452$247
28 years$1,531$1,125$813$580$408$216
29 years$1,462$1,062$757$531$369$190
30 years$1,398$1,003$705$488$333$167
31 years$1,339$948$657$448$301$147
32 years$1,283$897$613$412$272$129
33 years$1,230$849$573$379$246$113
34 years$1,181$805$535$348$223$100
35 years$1,135$763$500$321$202$88
36 years$1,091$725$468$295$183$77
37 years$1,050$688$438$272$166$68
38 years$1,011$654$410$251$150$60
39 years$974$622$384$231$136$53
40 years$939$592$360$213$124$46
41 years$906$563$338$197$112$41
42 years$875$536$317$182$102$36
43 years$845$511$297$168$92$32
44 years$816$487$279$155$84$28
45 years$789$465$262$143$76$25
46 years$763$443$246$132$69$22
47 years$739$423$231$122$63$19
48 years$715$404$217$113$57$17
49 years$692$386$204$104$52$15
50 years$671$368$192$96$47$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $687,000, adding $2,337 every year, while hoping to spend $31,348 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: 34/48/18 Blend
49$687,000$687,000$687,000$687,000
50$759,485$723,074$712,425$781,023
51$803,598$725,150$702,937$799,129
52$851,160$726,278$692,081$815,566
53$902,490$726,377$679,777$832,629
54$957,938$725,363$665,944$850,392
55$1,017,888$723,147$650,493$868,938
56$1,082,764$719,632$633,336$888,360
57$1,153,030$714,718$614,377$908,765
58$1,229,198$708,298$593,517$930,272
59$1,311,830$700,258$570,654$953,015
60$1,401,543$690,478$545,677$977,144
61$1,499,018$678,829$518,475$1,002,829
62$1,605,003$665,177$488,929$1,030,261
63$1,720,321$649,378$456,916$1,059,653
64$1,845,877$631,280$422,306$1,091,243
65$1,982,667$610,724$384,964$1,125,299
66$2,131,788$587,538$344,749$1,162,120
67$2,294,446$561,543$301,513$1,202,040
68$2,471,969$532,548$255,104$1,245,433
69$2,665,820$500,353$205,360$1,292,714
70$2,877,607$464,744$152,113$1,344,350
71$3,109,103$425,497$95,189$1,400,856
72$3,362,258$382,372$34,404$1,462,812
73$3,639,219$335,119$0$1,530,859
74$3,942,352$283,473$0$1,611,564
75$4,274,260$227,151$0$1,707,303
76$4,637,811$165,858$0$1,812,387
77$5,036,163$99,280$0$1,927,840
78$5,472,794$27,087$0$2,054,800
79$5,951,533$0$0$2,194,524
80$6,476,601$0$0$2,375,383
81$7,052,642$0$0$2,589,600
82$7,684,776$0$0$2,824,782
83$8,378,639$0$0$3,083,040
84$9,140,442$0$0$3,366,700
85$9,977,026$0$0$3,678,323
86$10,895,924$0$0$4,020,730
87$11,905,440$0$0$4,397,030
88$13,014,717$0$0$4,810,647
89$14,233,831$0$0$5,265,355
90$15,573,880$0$0$5,765,310
91$17,047,092$0$0$6,315,091
92$18,666,940$0$0$6,919,743
93$20,448,264$0$0$7,584,827
94$22,407,419$0$0$8,316,466
95$24,562,420$0$0$9,121,409
96$26,933,119$0$0$10,007,091
97$29,541,388$0$0$10,981,704
98$32,411,324$0$0$12,054,276
99$35,569,480$0$0$13,234,751
100$39,045,112$0$0$14,534,090