Can I retire at age 50 with 689,000?

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 $689,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$56,897$56,390$55,896$55,413$54,942$52,825
2 years$28,167$27,642$27,134$26,641$26,163$24,055
3 years$18,591$18,065$17,557$17,069$16,599$14,567
4 years$13,805$13,279$12,777$12,297$11,838$9,897
5 years$10,933$10,411$9,916$9,446$8,999$7,155
6 years$9,020$8,501$8,013$7,554$7,121$5,374
7 years$7,653$7,140$6,659$6,210$5,791$4,141
8 years$6,629$6,120$5,647$5,210$4,804$3,249
9 years$5,833$5,328$4,864$4,437$4,046$2,584
10 years$5,196$4,697$4,241$3,825$3,447$2,076
11 years$4,676$4,181$3,733$3,329$2,965$1,680
12 years$4,242$3,753$3,313$2,920$2,569$1,368
13 years$3,876$3,392$2,960$2,578$2,240$1,120
14 years$3,562$3,083$2,660$2,288$1,964$920
15 years$3,290$2,816$2,401$2,041$1,729$758
16 years$3,053$2,584$2,177$1,827$1,528$626
17 years$2,843$2,380$1,981$1,642$1,355$519
18 years$2,657$2,199$1,809$1,480$1,205$430
19 years$2,491$2,038$1,656$1,337$1,074$357
20 years$2,342$1,894$1,519$1,211$959$297
21 years$2,207$1,764$1,398$1,099$858$247
22 years$2,084$1,647$1,288$999$769$206
23 years$1,973$1,540$1,189$910$691$172
24 years$1,870$1,443$1,100$830$621$143
25 years$1,776$1,354$1,019$758$559$119
26 years$1,690$1,273$945$693$503$100
27 years$1,610$1,198$877$634$454$83
28 years$1,536$1,129$816$581$409$69
29 years$1,467$1,065$759$533$370$58
30 years$1,403$1,005$707$489$334$48
31 years$1,343$950$659$449$302$40
32 years$1,286$899$615$413$273$34
33 years$1,234$852$574$380$247$28
34 years$1,185$807$537$349$224$24
35 years$1,138$766$502$322$203$20
36 years$1,094$727$469$296$184$16
37 years$1,053$690$439$273$166$14
38 years$1,014$656$411$252$151$12
39 years$977$624$385$232$137$10
40 years$942$593$361$214$124$8
41 years$909$565$339$197$113$7
42 years$877$538$318$182$102$6
43 years$847$513$298$168$93$5
44 years$819$489$280$155$84$4
45 years$791$466$263$143$76$3
46 years$765$444$247$132$69$3
47 years$741$424$232$122$63$2
48 years$717$405$218$113$57$2
49 years$694$387$205$104$52$2
50 years$673$369$193$97$47$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $689,000, adding $4,271 every year, while hoping to spend $24,603 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: 61/30/9 Blend
49$689,000$689,000$689,000$689,000
50$763,684$727,167$716,487$808,495
51$815,402$736,620$714,312$848,478
52$871,571$745,713$711,239$888,877
53$932,619$754,400$707,213$932,342
54$999,016$762,636$702,175$979,169
55$1,071,280$770,370$696,063$1,029,685
56$1,149,983$777,550$688,813$1,084,250
57$1,235,750$784,118$680,357$1,143,261
58$1,329,271$790,016$670,624$1,207,159
59$1,431,308$795,177$659,541$1,276,425
60$1,542,696$799,535$647,030$1,351,594
61$1,664,355$803,016$633,009$1,433,254
62$1,797,298$805,544$617,395$1,522,055
63$1,942,643$807,035$600,097$1,618,711
64$2,101,616$807,404$581,024$1,724,014
65$2,275,570$806,556$560,078$1,838,832
66$2,465,994$804,393$537,157$1,964,129
67$2,674,529$800,812$512,155$2,100,963
68$2,902,980$795,701$484,961$2,250,502
69$3,153,336$788,942$455,459$2,414,037
70$3,427,787$780,411$423,528$2,592,989
71$3,728,746$769,976$389,040$2,788,926
72$4,058,869$757,496$351,864$3,003,579
73$4,421,083$742,822$311,861$3,238,855
74$4,818,612$725,799$268,887$3,496,857
75$5,255,006$706,258$222,790$3,779,907
76$5,734,176$684,025$173,413$4,090,564
77$6,260,431$658,911$120,591$4,431,650
78$6,838,517$630,720$64,154$4,806,277
79$7,473,663$599,242$3,920$5,217,879
80$8,171,629$564,257$0$5,670,239
81$8,938,760$525,531$0$6,173,330
82$9,782,048$482,816$0$6,726,735
83$10,709,195$435,852$0$7,335,174
84$11,728,686$384,362$0$8,004,263
85$12,849,870$328,054$0$8,740,195
86$14,083,048$266,620$0$9,549,798
87$15,439,569$199,734$0$10,440,598
88$16,931,937$127,053$0$11,420,891
89$18,573,928$48,212$0$12,499,825
90$20,380,723$0$0$13,687,484
91$22,369,047$0$0$15,007,253
92$24,557,328$0$0$16,477,325
93$26,965,874$0$0$18,095,434
94$29,617,058$0$0$19,876,619
95$32,535,534$0$0$21,837,451
96$35,748,466$0$0$23,996,190
97$39,285,788$0$0$26,372,958
98$43,180,483$0$0$28,989,924
99$47,468,895$0$0$31,871,519
100$52,191,070$0$0$35,044,662